6 key steps to creating your own successful profitable business
Before you start down the path to creating your own successful profitable business, you must first understand how the successful think about business. Regardless of how much money you make, you will end up right back where you started if you don’t change your thoughts about business and branding.
Simply put, the most effective way to change your business into a successful one, is to change how you think.
1. A clear vision, your why, your purpose.
Step 1 of how to build your own successful business – is the foundation. Your vision may be based on a product, a service, or simply the desire to solve a problem for your customers. This is the “why” of your endeavor, and it must be relevant to your tribe. Your customers care about how your vision aligns with their values.
Don’t compromise on the big things. Vision. Purpose. Core values. Write these things in stone and never budge. But flexibility in the value propositions, products and services you build to execute your purpose is vastly important.
Plus and here’s the big one… when you’re all alone, sitting in a dark room wondering why your business is failing, there is only one true thing to power you forward and turn it into a success — you believe in your purpose, your why.
Solution: You need our branding ecourse – we will help you define your why and build it into everything you do.
2. The ability to quickly pitch your business.
Step 2 of how to build your own successful business – is the elevator pitch. No matter what kind of business you run, you should be able to describe your brand to prospective customers, investors, or even friends and family members in a few short sentences that make them want to know more. If you can’t fo this then you need to take another look at step 1.
Solution: You need our branding ecourse – we will help you create an elevator pitch that inspires others, makes them want to learn more about your business.
3. The importance of branding.
Step 3 of how to build your own successful business – is don’t underestimate the importance of branding.
Branding is the most important thing when building an identity for your company. The objectives that a good brand will achieve include delivering the message clearly, confirming your credibility, connecting your target prospects emotionally, motivating the buyer, and securing user loyalty.
Solution: You need our branding ecourse – we will show you how important your brand is and how to use it to make your business successful.
4. Network, network, network.
Step 4 of how to build your own successful business – is to start networking. Now.
Hibernating is fine for bears, but not for people. Join social networks and local associations. Create Facebook, Twitter, and Instagram accounts to see which your peers and customers hang out in. Look for opportunities to reach your target market through speaking events, guest blogging and collaborations with other businesses.
Solution: You need our branding ecourse – we will help you find ways to connect with your tribe, your customers, your industry.
Step 5 of how to build your own successful business – is the drive to keep going through the good times and bad.
Many of the most successful entrepreneurs in history failed at their first (and in some cases second, third, or more) businesses. Notable examples include Harland Sanders, founder of Kentucky Fried Chicken, Richard Branson of Virgin Atlantic, and even Bill Gates. Perhaps the most famous example in history is Thomas Edison and his many attempts to design the light bulb. “I have not failed. I’ve just found 10,000 ways that won’t work” – Thomas Edison
Many new ventures fail or experience setbacks, but you cannot let this stop you from trying over and over again until you devise the formula that works. Remember, it’s a marathon, not a sprint. Building a business is neither for the faint of heart or the speed demon. Build systems for the long-haul and focus on small-connected steps.
And get help when you need it. It’s hard to see the forrest when you are standing under a tree but a second set of eyes can give you better vision.
Solution: You need our business coaching – we will coach and mentor you through the set backs and drive you forward to the better times.
6. Focus, focus, focus.
Step 6 of how to build your own successful business – is the ability to focus.
You need to be able to see a project from inception to completion while overcoming distractions. To successful run your own business, you must be able to prioritise, set your own schedule, meet your own deadlines, push yourself harder and further.
But remember to get help when you need it. When you are busy, it’s easy to loose focus. That’s why chatting to a mentor or business coach is really important. Setting the goal is the easy part. Staying focused and being accountable to the process of achieving the goal is the hard part.
Solution: You need our business coaching – we will help you set smart goals and hold you accountable to the process that sees your goal achieved.