Starting your own business is like climbing a ladder, one step at a time.
When I first started my own business, it wasn’t easy. But after much trial and error, and learning from other’s successes, I realized there are 7 basic principles or pillars toward achieving a successful business.
1. Starting – This may sound simple, but I’ve met many in my workshops and seminars who have had amazing ideas for a product or service or an improvement for a product. Later, I asked them how their idea was progressing only to discover they hadn’t applied the skills I taught them.
Passion without purpose is like trying to start a fire without wood or kindling. It’s good to be passionate about an idea, but gathering wood (searching for the right information) is necessary to start the flame.
2. Understanding – The need for information for an idea and that research necessary is the second pillar in achieving a wildly successful business. Things will go wrong. Thomas Edison discovered the secret to the electric light because he consistently pursued his dream with nearly 10,000 failed attempts. How did he manage to overcome all those bumps on his road to success? By surrounding himself with a winning team who were open to his call.
3. Communication – Speak up I can’t hear you! Shouted Graham Bell, inventor of the telephone, when he made the first call on March 10, 1876, to his assistant, Thomas Watson: “Mr. Watson–come here–I want to see you.”
Communicating your ideas and research to the people you know will support your idea is the third step toward your wildly successful business.
You’re going to say only so many words in this life-time of yours, why not share them with the right people? The worst thing that you can do is to share your dreams with people who wouldn’t loan you a nickel let alone their attention. Understand that your idea is valuable and so are is your time.
4. Consistency – Keep the faith in your idea and be consistent. The best way to achieve in business is by consistently going after what they believe in.
An idea is like a seed. It has the potential to grow but only if you nurture it daily. Constant research and development is how you’re wildly successful business will grow.
5. Expectation – Farmers plant who plant a row of corn, expect their harvest to be corn. Expecting anything else would be insane, right? Yet, people who sit on their idea and refuse to understand what it takes to launch a wildly successful business end up declaring to everyone who has ears that it didn’t work. If you expect something to work you must consistently work it out until you get the results you want. If you fail, try again.
6. Satisfaction – Success is a personal achievement. One man’s success is another man’s failure. You’ve researched your idea, built a great team of passionate people that consistently cheer you on and lend a helping hand when you fall. Now ask yourself, are you satisfied with the progress you’ve made? If you are not, go back and ask the five W’s.
Who can I speak to about this?
What new steps should I take in order to achieve more success in this area?
When is it most profitable to implement this?
Where can I find new information?
Why am I not satisfied?
***Asking How helps too.
7. Start Again – Your last step to a wildly successful business is start again.
Never pat yourself on the back so many times that your shoulders stoop from too much celebration. The result could spell ATROPHY to your business.
Why is Warren Buffet so wealthy? How did Donald Trump become so successful? Look at numbers 2 through 5 again.
Successful people know that satisfaction comes from continually starting again and again. It’s the best way to achieve a wildly successful business.