Tips for Success from a Successful Entrepreneur

Today I had the chance to meet with a local entrepreneur who has had decades of success in launching and operating local businesses. Over lunch she shared a few key elements for success as an entrepreneur.  Our conversation focused on starting businesses, but I believe these elements apply to success in any area of your life.

Commitment
If you want to succeed with your business ideas, you must be committed.  What does this mean?  Larry Miller has an excellent article on commitment, http://www.articlesbase.com/internet-marketing-articles/what-is-commitment-1783017.html but I believe the following quote defines my understanding of commitment:

“There's a difference between interest and commitment. When you're interested in doing something, you do it only when circumstance permit. When you're committed to something, you accept no excuses, only results.”

What are you committed to?  I am committed to improving my life: I am committed to better health, I am committed to having stronger emotional and spiritual well-being, and I am committed to improving my financial situation.

And what makes me "committed" vs "interested"?  I am taking action to have better health, spirit, emotions and finances.

Organization
If you want to succeed, you need to be organized.

So you want to be rich.  Well, how are you going to do that?  What steps are you going to take?  Where are you going to begin?

You want to make a web page.  Well, where is your content - text, photos, movies, graphics?  Where is your html code?  What tools can you use to build your site?


Have you ever felt like there was just too much going on your life and you had no time to get it all done?  My guess is that you just need to take a moment to organize yourself.  Figure out what your priorities are.  Do your First Things First.



Commitment and Organization are a Powerful Combination

In my second year of Engineering I was required to take a calculus class that had a 60% fail rate.  I was absolutely terrified of that class, because I didn't have the time or money to fail it and take it again.

So what did I do?  I got myself organized.

I decided I would spend 1 hour every day doing practice problems from the text book; we were given homework assignments at the end of each chapter -- maybe we had to answer 20 questions.  I would take the time and answer ALL of the questions in the chapter.  I did monthly reviews.  I reviewed my notes beginning two weeks before the major exams.  I review my notes 4 weeks before my final exam.  If there was anything I really didn't understand, I would talk to the professor or a classmate.  I did everything I possibly could to organize myself, my time and my notes in order to succeed in that class.

The result?  Out of a class of 150 people, I was one of only five people to get an A+.  And, I should mention, I was taking five other classes -- a typical course load for students was four or five courses per semester; Engineers had to take six courses as well as apply for work term jobs for the upcoming four months -- and I did well in all of those classes as well and got a good job.

I don't say any of this to brag or pat myself on the back -- I say it to point out that when you are organized AND committed, great things can be achieved.

Write a Business Plan
The final tip was to write out a business plan.  It's probably an obvious step, but how many actually go about doing this before launching into a business?  Here are some FREE business planning tools to get you started.

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