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Seven Simple Steps |
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The starting point
of many great fortunes has been these seven simple steps.
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Set a
stretch goal
and back it with a
burning desire.
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Begin accumulating
capital with a regular savings program. Nothing else is possible without this.
You cannot move forward until you start a savings program.
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Use
your current job as a springboard to
later success. Learn while you earn. Take
the long view.
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Experiment in business on a limited scale so you can
learn the key abilities necessary for success.
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Search for problems,
needs unmet, products or services you can supply of good quality at reasonable
prices.
Yin-Yang Customer Value Creation
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Read everything you
can find on your chosen field. Remain flexible. Be willing to change your mind
if you get different information.
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Implement your plans
with courage and
persistence. Have complete faith in your ability to succeed and
never, never give up.
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Introduction
Many businesspeople
achieve their greatest successes in unexpected areas. They begin a business and
then they find that it isn't as profitable as they had anticipated, so they
change direction, using their experience and their momentum, and strike paydirt
in something else.
The most important thing is to begin.
To
take
action. To move
forward one step at a time, learning and growing as you go. There is enough
information available in virtually every field for you to become knowledgeable
enough
to achieve success. But action is necessary.
8 Key Entrepreneurial Questions
The Two Parts of
Success
Success author
Orison Swett Marden once wrote, the first part of success is get-to-it-ivness.
The second part is stick-to-it-iveness. Every business beginning requires an act
of faith and courage, a bold leap into the unknown. Only one in 10 people who
want to start their own businesses ever develop enough courage to begin and
enough persistence to continue. Get-to-it-iveness. And stick-to-it-iveness. The
fear of failure, more than anything else, holds people back. It paralyzes
action. And it makes failure inevitable.
Yin-Yang of Entrepreneurial Creativity
Begin with a Dream
Fortunately, even if
you know nothing about business, you can begin with
a dream, a castle in the
air, and then build a foundation under it.
The Power of Passion
Action Exercises
Now, here are two
actions you can take immediately to start moving toward
entrepreneurial success:
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Set a
goal,
make a plan and then launch your plan. Get started. Do something. Begin on a
small scale with limited
risk and investment but get going!
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Resolve
that, no matter what happens, you will never, never give up until
you are
successful. Before you accomplish anything worthwhile, you will have to pass the
persistence test. And the test will come far sooner than you imagine.
Estee Lauder: 15 Rules for Success
The Critical Role of Your
Business Model
Business
model converts
innovation to economic value for the
business. The business model spells-out how a company makes money by specifying where
it is positioned in the value chain. It draws on a multitude on business subjects including
entrepreneurship,
strategy, economics, finance,
operations, and marketing...
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