subject: The Four Keys To Business Success - #1 Mindset [print this page] Whether you're starting a new business, or your business has been around for years, getting back to the basics will help you pinpoint areas you have overlooked in the past, and help you build a stronger business for the future.
The four keys to your business success are:
Mindset
Focus
Education
Action
In this series of four articles, we'll explore each area see how it fits into your business.
Mindset
The way you think, directly affects the results you get from your business. If you look at your business as a hobby, you will make a hobby income. If you treat your business as the professional entity that it is, your income will match your expectations. Although it may seem like psycho-babble, the way you think and view your business has a huge effect on whether you can actually buy your shiny yellow Corvette, or whether you can only afford the gas.
Here's your new mindset: You are the President and CEO of your own company. It doesn't matter if you are the only person in your company, and your company consists of a 10-year-old computer sitting in the dusty corner of your bedroom. No one cares about your company except you. Your customers only care what your company can provide for them.
Next, take a realistic look at what you want to achieve. It's easy to see the success stories online and get caught up in the excitement. But look behind the scenes to see what actually happened to achieve those successes. There was a lot of groundwork that went into creating the results you read about. The money is there, but it takes some work to get to it.
To prove this point, we'll look at TheBusinessProfessional.com. One of the milestones in the company's history was generating $41,439 in sales in 17 days. But there's more to the story.
The Business Professional was born almost 2 years before the first major sales achievement. Originally, it was an online portal with a print quality magazine. Then it was transformed into a membership website.
The sales were generated, for the most part, by affiliates. The affiliates made a 50% commission, so $20,000 was paid to them. After payment processing fees, hosting and other miscellaneous fees, there was approximately $20,000 left to run the business and draw an income. So as Paul Harvey used to say, "Now you know the rest of the story."
So when you see stories of large amounts of money in short periods of time, keep in mind there is always a story behind the story. Remember to keep your expectations realistic.
Look at your business as if you were climbing a ladder. You have to lift your foot up to the first rung before you can reach the second rung. You have to make your first $10 sale before you make your first $100 sale. You have to experience your first $100 month before you have your first $500 month.
With perseverance and the right mindset, you can reach your goals, but you have to walk before you can run.
The Four Keys To Business Success - #1 Mindset
By: John
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