subject: Simple Small Business Tips [print this page] Author: Patrick Fitz-gibbon Author: Patrick Fitz-gibbon
For the small entrepreneur, finding small business tips that actually make a difference can be difficult. Too many sources of advice offer indistinct business tips with even more vague instructions as to how to attain those goals. The small business owner has a need for business advice that can be applied effectively. Donald Trump, author of Art of the Deal and real estate mogul, has some simple advice of his own for the would-be entrepreneur. Trump quotes, Get in; Get it done; Get it done right; Get out.
Get In Getting in the game is important. How can you reach a destination if you never embark on the journey? The same is true in business and other aspects of life. Whatever it is that you want to do- start a business, improve the profitability of an existing business, branch into new markets, develop new product/service offerings- action is a key element of success. Patrick Fitz-Gibbon, online entrepreneur and small business coach, says Thinking is great but without ACTION, it is actually worthless.
Get It Done Getting it done involves action, certainly, but the primary aspect involved with getting it done is knowing what to do. Once you have a goal framed in your mind, develop a list of actionable tasks that need to be performed to reach that goal. For example, a goal of save money is not really an actionable; it is a goal. Instead, develop an actionable by specifying how the money would be saved (i.e. no Starbucks in the morning). This will help make sure that once you get in you really do get it done.
Get It Done Right Getting it done as a concept is not enough; it has to be done right. In business, as with family life, there are no half-measures. Getting it done may mean making a meeting; getting it done right requires being prepared, showing up early, actively participating. Trump quotes his father, whom he attributes much of his success, as saying know everything you can about what youre doing. Knowing about what you are doing involves a variety of aspects and requires you to think about your business spherically. For example, if you want to open a restaurant, you would find out everything you need to know about the restaurant business, regulatory laws in place, licenses required, market information about your target demographic, etc.
Get Out Knowing when to get out is the last maxim, and perhaps the most important. Whether it means getting out of the business itself, selling an investment, discontinuing a product or service, or relocating the business, knowing when to get out can save you a fortune. This maxim, however important, is also the most difficult to implement. Many small business owners and entrepreneurs hold onto to the business, or aspects of the business, too long, allowing overhead to eat up profits. Working with a small business coach can help ensure this doesnt happen to your business. Visit www.helpingyouhelpyourself.com for information on business coaching and financial/marketing advice for your business.About the Author:
To find the best small business advice available for the online entrepreneur and to get a complete help package to help you develop your own small business visit www.HelpingYouHelpYourself.com
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