21 Ways To Succeed In Business Case Study
21 WAYS TO SUCCEED IN BUSINESS.
As Richard Brandon,an entrepreneur's entrepreneur puts it, "Entrepreneurship is about turning what excites you in life into capital,so that you can do more of it and move forward with it." Yeah,this is very true and it resonates quite well to me since what I do;my business is as a result of my passion for it!
An entrepreneur plays so many roles at the same time. He/She is an administrator, an accountant,a technician,a manager and a salesperson. Some business people are too scared to call themselves entrepreneurs. They think entrepreneurs only run big organizations.So many times I hear people saying, "ours is a small business." "We have a long way to go," or "We are sorry for this or that, actually we have
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Once you gain clarity on your vision,you must be willing to develop a plan.More often than not people have an idea of where they want their business to be, but they fail to put together a usable plan.Take time to map out what needs to be done to achieve your objectives.
4.Prepare a business plan. You have a dream of running a successful business.But this will have a greater chance of becoming a reality if you prepare a business plan for your dream.You have to write in detail the steps you are going to take so that you will realize it.Decide what exactly your business offers in terms of products and services to the customers, how you will manage the business, your sales estimates, Overheads(money spent regularly on rent,insurance, electricity, and other things that are needed to keep a business operating), sources of funds, etc.Prepare for the worst and plan how you will face it.
5.Be committed. It's so easy to be excited about a business while you are planning and dreaming about it.But the moment the dream becomes a reality, and you have to face all the work and stress day after day, you might feel tired and want to give it all up.When times like these come, remember to believe and be totally committed to your dream.To make your dream a reality, give your best to the business and trust in your
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