5 Non-Financial Components of Small Business Success

5 Non-Financial Components of Small Business Success

Although the internet offers many opportunities for small business success this is not a guarantee that you or anyone else will be successful! Now many may think or assume that it takes money to make money however this is NOT the case when using the internet as your business platform! The fact is that if you want to succeed as an internet entrepreneur your first step should involve some smart goal setting which is to say your goals must be realistic and attainable! Possessing unrealistic expectations will only set you up for failure since frustration will likely set in leaving you disillusioned and driving you to quit! Other obvious attributes you’ll need to embrace is being willing to work as well as being willing to learn and if you lack this willingness you will likely fall flat on your face!

Let’s now look at 5 non-financial components that will have a direct impact on how successful your efforts will be developing a money making business online!

Vision/Idea

Most all businesses both large and small starts with a product or service that targets a particular purpose or need! What’s yours? Somewhere along the line you were encouraged, interested and/or inspired by an idea or concept that triggered your interest in being a small business owner! Wanting or willing to learn more about this idea was your first step towards developing something from which you can make a profit! A single idea or vision is all it takes, and what is needed, to give you direction…

Planning

Your vision has now established the direction you intend to take but how you go about it must be determined through planning! Having a solid plan is necessary and is considered your road-map towards achieving your business goals and this can be done through smart goal setting! What this means is establishing objectives that are realistic and achievable by you while being relevant to your business!

Time Management

Most entrepreneurs are very enthusiastic and willing to work however how they invest their time is crucial to how successful they become! Above we spoke about planning and this is something we will or at least should be doing for our businesses each and every day! The plans that we make should address our business needs in the order of their priorities while also including HOW we will address these needs! Being willing to learn strategies and tactics that will help us work in a more time efficient manner is another vital key to being successful for almost all small businesses and yours is NO different!

Productivity

Managing a small business can place a lot of responsibilities on your shoulders and how you handle them will also determine your level of success! Although you may be willing to work, to do what it takes to get the job done, unless you have a clear idea of what to do and how to do it efficiently, you will NOT find yourself being too productive! The problem here is if you are NOT consistently productive, your business will not flourish and most likely will die a slow death!

Motivation

Motivated for Small Business SuccessWe all want to be successful at everything we do and this is understandable but unless you’re motivated, success will elude you! We spoke above about being willing to work and learn new things but if you lack the motivation to do either, your dreams will crash and burn! The ability to stay motivated is essential towards achieving any level of success for your small business so consider your motivation as the nourishment that keeps your business growing!

Although achieving small business success online may not require any type of financial investment you will be required to invest of yourself! Our discussion above focuses on attributes you’ll need to simply get yourself started in the right direction as a business entrepreneur online beginning with smart goal setting! Any type of business must have realistic and attainable objectives for it to succeed along with a guiding hand, such as YOURS, that is both willing to work as well as willing to learn! Having these attributes along with a realistic plan will make the implementation of the 5 non-financial components discussed above MUCH easier and far more effective! So forget about blaming a lack of money as your reason for not having the opportunity to have your own profitable business since the blame can be placed squarely on you for not being willing to try!

Don’t Let Decision Fatigue Slow You Down

Don't Let Decision Fatigue Slow You Down

Decision fatigue is an occurrence that affects people after being faced with processing too much information and results in leaving you with a lack of energy that can impact both your mental and physical capabilities! Even though problem solving and decision making may seem to require little energy, the reality is this process can leave you feeling quite fatigued and thereby hinder your normal level of performance! This is something that is or at least should be of concern to you since fatigue like this can lead you to making poor choices or even worse!

To learn more about why problem solving and decision making can be exhausting and what you can do to avoid this feeling of fatigue, let’s listen to what professor Nicole Coomber has to say…

 

As you hopefully can see, decision fatigue is something you need to be aware of and results from processing too much information or facing too many choices. Although it seems, at least on the surface anyway, that problem solving and decision making does not require a lot of energy, it can and does impact your ability to concentrate fully on any tasks or choices you may encounter! Remember, if you are NOT at your best than how do you expect to maintain a level of performance or make decisions that will help you experience the success, happiness or productivity you need to achieve your goals or enjoy your life?

Building a Profitable Business Selling Other Peoples Products

Building a Profitable Business Selling Other Peoples Products

Are you looking to build a profitable business online but don’t have any product or service you can sell? Well if this sounds like you have you considered selling affiliate products? The most obvious advantage this business model offers is you can actually earn an income by promoting goods and services developed by someone else! This allows you to focus almost exclusively on the marketing function leaving product development and even customer service to the actual product developer thus giving you the opportunity to make money that much more quickly!

To kick things off let’s take a closer look at 5 other reasons as to why you may want to become an affiliate in the first place!

Is Affiliate Marketing A Business? The Truth About This Multi …

The advantage of this model to an affiliate is that they can focus on the promotion and marketing side of things first and foremost, which in my opinion is the fun part! They effectively leave inventory, sales support, shipping,¬†…

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Now that you have a better understanding of some of the benefits you will enjoy once you become an affiliate let’s discuss how to do it the right way! For more on that check out the following brief video featuring Pat Flynn who has made quite a living selling affiliate products!

 

Building a profitable business on the internet can, in many cases, take a lot of time, but if you’re interested in promoting affiliate products instead of developing your own, you stand to profit a lot faster! There are many benefits you can expect to enjoy if you become an affiliate, as discussed above, provided you employ some of the more effective promotional tactics as shared with you in the preceding video! Now it’s up to you to take action on what you’ve learned here today so that you too can start earning commissions by selling affiliate products!

The Formula for Success is Consistency

The Formula for Success is Consistency

The formula for success in just about any business endeavor you care to tackle can be found in your own consistent effort! Many take to the internet with hopes of earning an income but quite often, due to a lack of commitment, these hopes eventually go unfulfilled and get tossed aside! The fact is your business success is 100% reliant upon the quality of effort you invest CONSISTENTLY which is to say you will get NOWHERE by approaching it like a whimsical hobby with an occasional and uninspired effort!

Here’s a closer look at why your business success requires a consistent effort and how to ‘condition’ or train yourself to maintain your consistency!

Success Comes To Those Who Sustain A Consistent Effort …

One requirement is a sustained and consistent effort. Showing up to work … I was reminded of the importance of a habit and a consistent effort by a John Steinbeck quote I found on Maria Popova’s Brain Pickings site. In writing¬†…

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Understanding that to achieve success in just about anything requires a consistent investment of your effort, here are 5 helpful tips to help you maintain consistency in both business and life!

 

A simple formula for success requires, of course, a solid plan but of equal importance is the need for your consistent effort to make this plan a reality! For internet marketers, having a dream to earn a full-time income is often sabotaged by their part-time approach but this need not be the case! With a bit of discipline and a strong dose of commitment, your business success can be realized provided you maintain a consistent effort to achieve your goals! The tips and discussions above help to clearly explain the importance of consistency in your business success as well as how you can develop the right habits to keep you on track and focused on your goals! It all comes down to how bad you want to achieve the goals you’ve set for yourself because if your desire is weak so too will be your efforts! If you really want it, it yours for the taking…

Tips and Advice Every Small Business Entrepreneur Can Use

Tips and Advice Every Small Business Entrepreneur Can Use

As a small business entrepreneur life can be very exciting, confusing or possibly even terrifying depending upon how much success you actually experience! The fact of the matter is your business success is highly dependent upon your own resolve and commitment to what you do but the good thing is you have plenty of potential mentors to help you along! It has always been wise to follow in the tracks or at least heed the advice of those who have successfully accomplished what it is you’re trying to do simply because these people have been there and done that!

Although our business pursuits may vary, here are 50 notable and highly successful entrepreneurs who share some simple advice to help make your journey more productive and profitable!

 

Being a small business entrepreneur can be a very exhilarating experience provided you take advantage of the many resources available that can make your journey a pleasurable one! One such resource is tapping into the experience and minds of very successful entrepreneurs willing to share tips and advice on how you can make your business success a reality, and hopefully the video above does just that! In the spirit of independence being today is the 4th of July here in the US, to your business success and may you enjoy all the independence that comes with it!