Biz Bulletin

6 THINGS TO REMEMBER WHEN STARTING A BUSINESS

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A business is a multi-dimensiona­l ũourney that demands Ĩor a dynamic indiǀidual who is a ǀisionary͕ Ɖregnant with the sɖirit oĩ I CAN and filled with POSSIBLILI­TIES. There are͕ things one needs to consider and remember when they choose or are chosen to Ɖursue entreɖrene­urshiɖ. ,ere are some oĩ the things to consider and remember.

1.THE WHY

# At the heart of every business there lies a BIG WHY, the purpose of it all, the reason you will choose wake-up in the coldest winter morning and over-ride all the excuses you could have and recognise them as such – EXCUSES. It is only the greatest compelling WHY that will propel you to greatness and secure you a spot at the table of EXCELLENCE where the greatest commodity is the level of influence you have or is assumed you have. What is YOUR WHY?

2.SOLVE PROBLEMS FOR CASH

# Business is simple, it is about people – people have needs, problems, pains and aspiration. At any given time, people have an itch and this itch needs a form of a scratch. So, if you want to empower your WHY you must establish your opportunit­y and needs you want to fulfil for people and be paid for it.

3.SERVICE OR PRODUCT

# What is your solution, how are you planning to solve people’s problems? Well in business you will only be doing one of the two or both for some,

The question is are you providing a SERVICE or a PRODUCT? It could be both.

4.GOAL IS GETTING PAID

# Many businesses owners are hoping to get paid and that becomes an uphill struggle to realise for some reason, those who employ make it a point to pay staff but not themselves.

Paying yourself must be a priority and it must be standard wagethis will inspire you and awake your creative spirit because your work pays.

5.BUILD SYSTEMS

# Running a business is one thing and building a successful business is about systems. Many businesses fail not because their idea was bad, but they ran a business with-out systems. Business needs order and your job is to manage and to enhance this order.

It’s about your product or service the cost, packaging, how does it get to customers, customer experience and how transactio­ns are made as well as managing the revenue all the way to dealing with suppliers.

Remember success is not a random thing it is deliberate. Successful business develop

Sys tems and later make it a template for growth.

6.TALK IS VERY CHEAP

# What ever your dreams and aspiration­s are, however good your plans are means absolutely nothing if they are not brought to life and for that you need action – whether you work hard or smart it does not really matter the only thing that matters is results, does you action yield results and desired results for that matter. Remember excuses in most

cases justify poor performanc­e, while results celebrate power performanc­e. No-competitio­n just DEDICATED DRIVEN RESULT ORIENTATED PERFOMANCE.

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