
Everyone wants to succeed in life. And no one starts a business of any sort, on-line or off-line, wanting to fail.
Yet the sad fact is that 80% of offline and 97% of internet businesses will fail in the first year. 84% of internet businesses will never make any income at all.
So what can you do to ensure your success?
Luckily these four simple (never confuse simple with easy), tried and tested steps dramatically increases your chances.
1. Set Out Your Goals
Success means something different to us all. A self-made businessman worth millions of dollars would be thought successful by most. But if that businessman only rarely sees his family, never gets to play golf and spends all of his time on airplanes or in some exotic sounding (but usually antiseptic) hotel, is that really a success? Would that businessman think his life a success?
Possibly, possibly not.
But if that man had set himself goals for his business, private and social lives he at least has some way of measuring his achievements.
Before starting on any endeavour - set your goals.
Make sure your goals are specific enough that you know when you have achieved them. "I want to make money on the internet" is weak. "I want to make $100,000 next year and $200,000 the year after" is much stronger.
Don't forget to include your private and social goals. Many rich people complain that they have all the freedom that money can buy - but money can't buy the time to enjoy what they have earned.
2. Plan, Plan, Plan
If the number one key to success in retailing is location, location and location, the number one key to success in business
is plan, plan, plan.
Remember the 5 Ps success model - Prior Planning Prevents Poor Performance. (When I was taught this in the military there was a 6th P - for the sake of a mixed audience I have left this out. Use your imagination - you'll guess what it was :-))
If you've done your goal setting you know what you are going to achieve. The point of planning is how you are going to do it. Break each goal down into constituent steps needed for its achievement. For each step decide what, who, where and when it is to be done.
Be realistic and make sure that every step is achievable in the time set. Be prepared - when you plan-out all that you need to do, the amount of work can be daunting. Better to know this up-front than sale merrily into a venture only to find it is a huge monster that is going to take you a lifetime to kill.
3. Action Counts
I've seen some beautiful plans. Highly researched, well thought out and presented. I'll talk to a business owner and they'll say, "We've got a plan" and pull it out of the bottom draw of a filing cabinet somewhere.
"So, why aren't you using it", I'll ask. Nine times out of 10 the plan was produced to obtain
funding. Lot's of really good work is done but once the money is obtained the plan is put to one side and ignored.
Big mistake. Taking action is the only thing that counts.
Every successfull business I have looked at has clear, current business, operational and marketing plans. It doesn't matter whether your business is offline or online. It's taking action that delivers the results.
4. Another 5 'P's to Success
Passion - You have to believe in what you are doing. No where is this more obvious than on the internet. You can spot the 'me-too' advertisers in a second. The people who succeed are the ones in have passion, who truly believe in what they are doing. Do something that you love.
Push - No matter how good your plan you have to provide a big push to get it moving. Your plan inevitably involves change. Achieving change takes effort. Think of it as if you were trying to move a boulder. To get that boulder up and moving takes a lot of muscle and effort. Once it is moving though it becomes much easier.
Persistence - Getting started is relatively easy. Afterall, you are all fired up with energy and enthusiasm at that time. Few things worth achieving happen over night. Instead, there will be problems, hold-ups and frustrations. Don't allow yourself to become disillusioned or demotivated. You need persistence.
Patience - Results don't happen instantly. Allied to persistence you will need some patience.
Profit - OK, OK it's trite. But follow the steps here, gear yourself to provide these 5 Ps and you will succeed. In business, profit is a measure of your success.
No one can guarantee your success whether in life or in business. You can dramatically increase your chances of success through these four simple, very well established principles.
The question is, "WILL YOU"?
Keith Longmire is the owner of JKL Business Growth Solutions. JKL specialises in bringing main stream business improvement and marketing solutions into the reach of smaller businesses. Throughout his time in Corporate Consulting as a programme manager and business development consultant Keith has been constantly surprised how many people go through life and business with no sense of direction, no goals and no plan. His website Breakthrough Business Growth is designed to help owner-managers cut through the hype and produce innovative marketing plans that deliver results.
Copyright 2004 Keith Longmire.
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AP - President-elect Barack Obama's proposed tax cuts ran into opposition Thursday from senators in his own party who said they wouldn't do much to stimulate the economy or create jobs. Senators from both parties agreed that Congress should do something to stimulate the economy. But Democratic senators emerging from a private meeting of the Senate Finance Committee criticized business and individual tax cuts in Obama's stimulus plan.
AP - The U.N. Security Council called for an "immediate" and "durable" cease-fire in Gaza in a resolution Thursday night even as fighting between Israel and Hamas raged with early morning airstrikes killing seven Palestinians and pushing the death toll to about 760 in the near two-week conflict.
AP - A key panel unanimously recommended impeachment for Gov. Rod Blagojevich on Thursday, setting up a vote that could make him the first governor to face such fate in Illinois' sordid political history. Blagojevich should lose his job for abusing power, mismanaging government and committing possible criminal acts, including federal allegations he tried to sell off a U.S. Senate seat, the special committee concluded.
AP - Tim Tebow gave Florida the jolt it needed to become a national champion. But all his efforts in a sloppy, choppy BCS championship game likely did little to quiet fans of Utah, Southern California and Texas, all of whom already claimed the top spot.
AP - Trying to survive a deepening recession, employers are cutting their work forces to the bone, leaving more Americans unemployed and with dim prospects of finding a new job any time soon.
AP - Less than a month after its first report, a congressional panel overseeing the Treasury Department's $700 billion financial bailout is demanding more answers.
AP - U.S. policy to win in Afghanistan must recognize the poor nation's limitations and its neighborhood, especially its intertwined relationship with U.S. terrorism-fighting ally Pakistan, the top U.S. military commander in the region said Thursday.
AP - Vice President Dick Cheney said Thursday that he sees no reason for President George W. Bush to pre-emptively pardon anyone at the CIA involved in harsh interrogations of suspected terrorists. "I don't have any reason to believe that anybody in the agency did anything illegal," he said.
AP - Prosecutors said Thursday that investigators found 100 signed checks worth $173 million in Bernard Madoff's office desk that he was ready to send out to his closest family and friends at the time of his arrest last month in what is alleged to be largest financial fraud in history.
Reuters - Israel pushed ahead with its offensive in the Gaza Strip on Friday, ignoring a U.N. Security Council resolution calling for an immediate ceasefire to the 14-day-old conflict.
Reuters - Financial giant Citigroup Inc will support a proposal in Congress to rewrite U.S. bankruptcy law to help troubled mortgage borrowers avoid foreclosure, Chief Executive Vikram Pandit said on Thursday.
Reuters - A legislative committee on Thursday recommended the impeachment of Illinois Gov. Rod Blagojevich, citing widespread abuse of power including allegations he tried to sell the U.S. Senate seat vacated by President-elect Barack Obama.
Reuters - Al Qaeda's operations chief in Pakistan and a top aide are believed to be dead, a U.S. counterterrorism official said on Thursday, in what appeared to be the latest results of a campaign targeting the militant group's leadership.
Reuters - Europe on Friday looked for a swift restoration of gas supplies, after striking a deal with Moscow on monitoring gas shipments via Ukraine that have been halted by a rancorous pricing dispute with Kiev.
Reuters - The United States and its allies share some interests with Iran when it comes to stabilizing Afghanistan, Army Gen. David Petraeus, head of the U.S. military's Central Command, said on Thursday.
AFP - Israel was under intense pressure Friday to end its two-week-old offensive in the Gaza Strip after the UN Security Council called for an immediate ceasefire as the death toll from the war rose past 760.
AFP - Hopes for a quick resumption of Russian gas supplies to Europe were rising Friday after Russia agreed on the terms for the deployment of monitors in Ukraine.
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