10 Ways to Ensure That You Don't Join the 97% of Small Business Owners That Fail in the First 5 Year

10 Ways to Ensure That You Don't Join the 97% of Small Business Owners That Fail in the First 5 Year
By [http://ezinearticles.com/?expert=Carol_Dodsley]Carol Dodsley

• Business plans
• Marketing strategies
• Cash flow forecasts
• Passive income streams
• Social networking
• Copywriting and more

I know how overwhelming it can be learning about all of these things and working out what to do first, what to do next and how to do many of these things when you've just finished your training and are so excited about being able to help others change their lives. All the business speak and tasks that you need to think about, plan and do, can feel overwhelming and oftentimes be intimidating too at the beginning of your journey to build a successful business!

As a beginner working for yourself and building a successful business, you do not need to know or worry about everything just yet. Right now, you just need to know the basics to get you started and to see your initial results.

So there's no need to feel overwhelmed about any of these things or think you need to spend mammoth amounts of time learning about writing business plans and all these other business related tasks. If you are passionate about your future business and committed to success, even as a beginner you can create rock solid business foundations by just following these simple tips:

1) Always take responsibility for what you are doing, decide what you want to do and what feels right for you to do. Take help and advice from others but don't follow their suggestions blindly. What works for others may work for you too but if their advice and suggestions just do not feel right to you, you don't have to follow them. Follow your own instincts and do what feels right for you.

2) Know that it will likely take 3-6 months before seeing real results from all of your effort and hard work, but after that point the results will start to snowball.

3) Focus on creating your own personal rock solid foundations and investing in yourself first and foremost. Too many people invest so much time and money to complete their training, gain their skills and qualifications and then forget to continue to invest in themselves and their future success. Without rock solid foundations you will be moving forward blindly and making your first business building blocks in credibly hard for yourself.

4) Decide if you want to work for yourself on a self-employed basis or build a business. There is a big difference between the two and knowing which you are doing will make a big difference to the building blocks you will put in place and also to your future financial success too.

5) Before you begin to look for premises, find clients, spend time and money on creating leaflets & websites and much more, make sure that you know why you want to create a successful business on an emotional level. Ask yourself what it will feel like and give you emotionally to create a successful business.

6) Ask yourself what is in it for you materialistically - how much money do you want to attract, what materialistic things would you like to have in your life, where would you like to live, what would you like to be able to do.

7) Decide what business arena you are working in - all too often small business owners stumble into a particular business arena because someone else tells them it is a good idea, or they decide they want to work for themselves and begin their business working for themselves in the same business arena they were working in as an employee only to find a few months down the road that they are not happy and don't actually like the arena they find themselves in - whatever business arena you choose, ask yourself if you really enjoy reading about it, hearing about it, talking about it, learning about it.

8) Decide how you want to offer your products or services to others, look at what you really enjoy doing and think out of the box. If you are in the helping arena with your business, you may offer one to one services, you may though enjoy offering group workshops more or online video and audio services. You can offer products and services in so many different was - check in with yourself that you really enjoy the way you will be offering yours.

9) Check that your vales align to your business goals and dreams, if you build a business that is out of synch with your own values, it will be very hard work for you as you will be working against yourself. if you are not sure what your top 5 values are take some time to look at them before you begin your business and then write them down and pop them on your wall so that you can look at them often, and check that everything you are doing is aligning to them.

10) Check that your beliefs are not in conflict with your dreams and plans for your business. if you believe:

You do not deserve to be successful
You are not experienced enough to be successful
You are not expert enough to be successful

You wont be successful. if you currently have limiting beliefs at this stage you re-frame and release them before beginning your business, if you begin with limiting beliefs they will challenge you and potentially block your success. If you will just do these 10 simple but powerful things listed here, you will make a strong start to developing rock solid business foundations that will benefit and enable your success over the long term.

Carol

Carol Dodsley is the founder of the Specialist Guild of Excellence and Success, the worlds leading specialist business success community. Carol is your Specialist Business Success Expert, and is passionate about helping you attract more clients, create more income, work less hours and remove overwhelm an frustration as you build your business success: [http://www.ultimatebusinesspotential.com]http://www.ultimatebusinesspotential.com. To receive your totally FREE UBPBM(TM) Ultimate Business Potential Models, foundational programme report and start creating your rock solid business success foundations, visit the website today [http://www.ultimatebusinesspotential.com]http://www.ultimatebusinesspotential.com.

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