5 Unfailing Tip For Business Startup and Enlargement

Everyone has to start somewhere.
From the largest corporation to the latest Wall Street darling to the most expansive real estate portfolio, every entrepreneur and investor started at square one.
What separates the haves from the have-nots however is the path taken once you leave square one. Though there are many paths that eventually lead to success, some are more direct and have fewer bumps. While no one who finds success as an entrepreneur or investor does so without encountering obstacles, the five tips listed below will help you navigate and overcome all that comes your way.



Start Small, Dream Big
Here is a simple truth: It does not take any more effort to dream big than it does to
dream small.
Perhaps we do not want to appear greedy or materialistic. Maybe we doubt our ability
to make great things happen. Or, we may feel that we do not deserve what life has to
offer us. Regardless of what the reason may be, when we are starting out there is that
little voice in our head telling us not to dream too big.

The successful entrepreneur or investor has developed the ability to control the little
voice and has replaced it with an inner dialogue based on grand visions of what can be.
By developing this ability within yourself, you will see opportunities that no one else
sees. While others are quick to point out why your vision will not work, you will have the
motivation to prove them wrong.

Now, while you will never want to scale your dreams back, you will need to make them
a reality one-step at a time. It may sound contradictory, but when realizing your big
dreams, you need to remember to start small.




Identify Your Priorities, but Be Flexible
In the process of dreaming big and starting small, it will be apparent what the key items
are that will bring about success. These keys are your priorities and you must pursue
them relentlessly.

One of the major reasons investors and entrepreneurs have a difficult time evaluating
opportunities is because they have failed to prioritize their work. By separating the
good from the best, you create the freedom and flexibility that would not exist if you
pursued everything that is asking for your time and attention.
As you begin building your business, take time to identify the essential pieces of your
business or investing pursuit that will sustain your venture and provide the necessary income boom.

If you do not prioritize correctly, you run the risk of taking on too much and doing
nothing well. Every venture has critical pieces that create the successful outcome.
It is when you focus more on the support tasks than the critical ones that you begin
watering down your best work. Designing eye-catching packaging for your product
may help you stand out from the competition, but if you have neglected the necessary
legwork to get your product on the shelves in the first place, it will all be for naught.



Fail Fast & Fail Often
Most entrepreneurs and investors are not risk adverse. If they were, they would still be
playing it “safe” in their 9-to-5 jobs. However, in order to be successful, you need to
experiment and take chances that may frighten you at first.
If you are reading this POST in the hopes of not making any mistakes, then there is
your first mistake. Do not look at mistakes as something to be avoided at all costs, but
as unique learning opportunities custom-tailored to you, your circumstances, and your
business. The more lessons you can learn from in the quickest amount of time will help
shorten your learning curve and place you in a position to grow your business.

By adopting the mindset of “fail fast and fail often,” you begin to leverage the power of
iteration—the process of repeating and refining a process in order to meet a goal.
The ultimate goal for your business is to stay alive and ultimately to thrive. In order to
accomplish this goal, you must iterate until you find the “breakthrough” that makes your
business a self-sustaining entity.

So do not be afraid of making mistakes. Fail fast, fail often, and learn even quicker. You
have to try, make mistakes, learn, and try again. If you try, make a mistake, and give
up, you will never be the success you could have been.


Create a Solid Mastermind Team
Steve Jobs had Steve Wozniak. Bill Gates had Steve Balmmer. Mark Zuckerberg even
had the Winklevoss twins (depending on who you ask). The bottom line is that if your
business or investment venture only has one “founder, ” it probably means you are unable
to talk any of your friends into starting the company or investing with you. In other
words, it is a vote of no confidence.
Another benefit of building a solid team is that venture capitalists cite those on your
team as among the key investment criteria for their decision to fund a business.
As you pursue your dream, you will probably need to go back to the drawing board
more than once. An experienced team can assist you in making small adjustments that
will payoff down the line when implementing radical shifts to the existing plan. This
requires the team to have the talent and mindset that will compliment your vision.



F.O.C.U.S.
If being an entrepreneur or investor were easy, everyone would do it. The truth is that
while it is extremely rewarding it requires hard work, sacrifice, and determination. I  have taught over and over that to be successful as a business owner or
investor, one must F.O.C.U.S.
 
F.O.C.U.S simply stands for:
 
Follow
 
One
 
Course of Action
 
Until
 
Successful
 
We live in a day and age of instant gratification. As a result, most people are unwilling
to stick with something if they do not see immediate results. As mentioned earlier,
beginning to see a positive cash flow from a business can take a while. Because of
this, you need the ability to stick to your plan day-in and day-out, trusting that the
results will come.


People who realize their dreams have mastered their craft. Mastering does not come
in an afternoon. Mastering does not come from taking the path of least resistance
and then hitting it hard in the eleventh hour. It is the epitome of 24 hours a day, 7
days a week.
 
In addition, if you have the typical personality type of an entrepreneur, you will need
to F.O.C.U.S. so you do not litter your landscape with an unending stream of
unfinished projects.
 
Most entrepreneurs are visionaries with the drive to get things started. However, they
easily get bored and are quick to move on to their next conquest. They have a tendency
to move on to other projects before they have tied everything up on the present one.
As a result, if the entrepreneur or investor does not have a team that keeps projects
afloat and moving towards resolutions or implementation, then these projects often
languish and die.


By developing the ability to F.O.C.U.S., you learn to hold yourself accountable to yourself.
By knowing you have to answer to yourself and your team within the context of
your dream and priorities, you will find yourself able to better determine whether your
latest idea is the one that will take your venture to the next level, or is simply a new
diversion to stimulate a bored mind.


While success is never a guarantee, you can put the odds in your favor by adhering to
the 5 tips discussed here.
Even though they may seem simple on the surface, each one, practiced over time,
contains a depth of guidance and information. Your task is to begin implementing each
one today and allow your circumstances and experiences to help you know what to do
and where to go next.