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Saturday 22 May 2010

WHY YOU MUST BE IN BUSINESS AND HOW!

According to John Hancook – “The more people who own little business of their own, the safer our country will be, and the better off its cities and towns; for the people who have a stake in their country and their community are its best citizens.”

The unvarnished truth is you do not depend on your country to make you rich. If you want to be rich, you must be in business for yourself.

Being in business is not about luck; it is about applying good, proven principles to whatever you do – principles that have been around for many years. You must do the basics well! You must have a business, it is the most effective way if you do your homework and pick the right business.

A well-run business can generate unbelievable profits and will outperform any other means of gaining wealth.

You must be in business for yourself – you must have act of giving up substance/goods to another for valuable consideration which may be money, dealing in articles for sale or offering quality services on a regular basis and set of cognitive skills applied in the business sphere of activity.

Run a successful ownership of an entity that produces passive income - income that accrues to you when you put ideas, money and people to work without being directly involved.

Thus, even while you sleep, the money keeps flowing; and if you are not making money while you sleep, you may never become very rich. Passive income is the golden key that opens the door to wealth and financial stability. Profits from businesses owned by you, but not run by you produces passive income for you which pave the way to a future of wealth and success.

Build a solid foundation for a business in order to build a great investment for your future. Buy your own business and own your business. You do not get rich working for someone else. Limit your income potential no more! Your business is a vehicle you use to make money; be able to walk away from your business and let it still earn for you.

If you study the most successful people and companies, they have simply done this better than anyone else and made very large amount of money in the process. You can be a success! You can create your success as a great business entrepreneur.

You can actually set up your own business, and take the first step towards breaking the yoke of eternal financial struggle that is the result of working for somebody else, all your life.When you set up a business run by yourself, you have only become self-employed. You do not truly own a business yet. You only become a true investor and business owner when you do not have to be part of the business you set up, for it to survive.

Owning a profitable business or businesses not run by you is a source of real wealth. Since you do not run the business yourself, you are free to engage in other productive ventures, and can afford to spend quality time with family and friends. Even when you go away for months or years, your business does not suffer; rather it grows stronger under a competent management team. When you set up a business that is successfully managed by others, you have effectively combined the people at work and the money at work methods of wealth creation. That is a sure route to great fortunes.

You have what it takes to establish the foundation for your success and wealth in business. You have enough on the ball to start rolling in the money; own an entity that produces a passive income for you. You can have the best of income classes and be in the money. Build a solid foundation for your business, start with the burning desire to make wealth.

Determine and choose your niche based on your very strong desires. Have an unambiguous purpose for your businesses. Establish a network for assisting your business and for marketing to grow your business exponentially.
Build a relationship with your network that will build trust and establish you as an expert in your niche and produce more sales.

Know and provide the people in your niche the products and services they want, publicize your business to build your set of connections, useful product and service delivery to your customers, multiply your creativity and productivity by expanding your business to raise cash flow, increase your substance of ventures and enfranchise your way to great wealth.

Your business is your favorable occasion for favorable influence; it is part of your way of life. When you want to set up a business, do not set your mind on the profit first and foremost, because the purpose of a business is to create and keep a customer. By giving them what they want; they give you the money and you have your profit which is a cost of doing business.

Do all you can to know and understand what needs people in your area have because it is people’s needs that motivate them to buy, and give you money. There is something people around you need which you can provide and they will pay you for it.

Find a better way to help satisfy people’s needs – you can make money by adding value to someone’s live, you can educate those around you and make more money or even offer them products and services that will enable you create successful businesses and employ others to contribute to the purpose of creating and keeping customers.

It is in your best interest to know that the customer is always right. We are living in a customer-centered market economy where you must please your customers, faster, better and cheaper than the competition. Have good strategy in your business that enable everyone working with/for you treat and satisfy your customers. Always offer quality services and products to your customers so that you can make so much profits and have the cost of being ahead of the game in the time to come.

In the system that drives the progress of humanity, you must drive your business. We are living in Information/Knowledge Worker Age where your competitors are no longer who you thought they were.

You must have purpose and direction to trade in this Information, Telecommunication and Globalization era or be left out of the super-rich age of super excellent billionaires. Business has gone beyond retailing at the traditional marketplace; Internet is the way to go, do not be comfortable with just existing, there is a higher life.

You must at least have a business website. You must be innovative, put the wisdom to work and be wealth by pulling traffic to yourself in this day and age, and time to come so that people can always part their money in exchange for products and services. With a business website, you can pull a hugely different number of customers and profits, and even make so much money while you sleep.

You can dominate the market with your business by reinforcing your brand with a website to sell more of your products; increase your visibility and give yourself the winning edge in the economic activities of nations. Have specialized knowledge to perform a specific function and be excellent at satisfying a clearly defined need of the customer.It must be clear what your product is uniquely suited to do and for whom the product is designed. Companies fail when they are no longer specialize and do not serve a sufficient number of customers in a cost-effective way. Be well-organized! Carefully and continually defining and redefining your specific customer is absolutely essential for the success of your business.

Your product and service must have a competitive advantage or an area of excellence that enables it to stand out from its competitors in same way if it is to succeed in a competitive marketplace. Your product or service must be unique , better, or even outstanding in some way if you are going to sell it in sufficient quantities to be successful. The determination of a unique selling proposition is the starting point of all successful adverting and sales. To make your mark in the business world, your products and services must have a distinct advantage, something that makes it superior to competing products and services.

The determination of your competitive advantage for your products or services is perhaps the most important single marketing and selling decision your business makes.
Your business must target specific customer groups or markets segments if they are to achieve significant sales. In this day and age, the most successful businesses are those that have been able to identify specific segments of the marketplace for which they design individualized products and services to fill the bill of customers’ special needs and tastes. Sell your products to those who know the value so that it will be valuable to them; do not waste your time in business, sell to those that can most benefit immediately from the unique product or service features you offer in your area of specialization and at the same time, take yourself the good life and be comfortably situated.

The more accurate you are about the customer you are trying to create and keep, the more focused your marketing efforts will be and the more likely it is that they will be successful and you will get richer.

The best high-profit strategy is to dominate a specific market niche with the best product available for those customers in that niche. Make your business profitable! Give more attention on high-profit market segments with high-profit products and services that gives the highest return on sales, return on investment, and return on equity. Increase the return on equity of your business and be an equitable owner, raise equity capital, and increase your equity position. Let your equity run be good enough to give you better equity multiplier that increases your equity claim – plan very well and save yourself some time on manner of performance so that you can stay on top of things and on top of the world.
The market pays excellent returns and rewards for excellent performance, excellent products, and excellent services. Customers want the very most for the very least. They prefer higher quality over lower quality because higher quality promises greater satisfaction and fewer problems after purchasing. You can offer products and services with high quality ratings and charge more, and earn more per sale.

A commitment to product and service excellence is the safest and most predictable strategy for achieving business success. Your business is all you need to bring all you ever thought to a happy issue in this life. The market pays average rewards for average performance and below-average rewards for below-average performance. The market place will always reward you when you serve it with the goods and services it wants at prices it is willing to pay. Be excellent at doing the most important! Do things better and faster, and develop an estimation in which you are generally held for excellence in your business.

Let your product or services be ideally suited to the existing market and to what people want, need, and are willing to pay for. You must have worldwide focus on marketing, sales, and revenue generation. Focus on customer and on selling more of your most profitable products to ever-larger numbers of customers through the Internet.Have efficient internal systems of book-keeping, accounting, inventory management, and cost control.You must have a clear sense of direction and a high level of synergy and teamwork to have prestigious personality, impressive investment, and satisfy prospective customers.

You are in Charge! Have efficient technology, clear communication, information processes, effective feedback and precise delivery through the systems. Build authentic relationships, strong teams, blatant optimism, zest for life, warmth and care through people. Encourage embracing diversity, creative thinking, celebrating individuality, business insight, future focus and value imagination through rigorous innovation. Drive inspiring vision, empowering people, mentioning and guiding, true commitment, enabling growth and integrity through loyal leadership.

Have a continuous training and upgrading of skills at all levels of your business so that you can achieve a meaningful competitive advantage and long-term business success.
Enjoy your business! Form a clear picture of where you would like your businesses to be in the future. From the current reality, be grounded in the reality of the marketplace and expand the reality through your exist strategy. No matter, the size of your business, move from efficiency to greatness; there is greatness in you.

Supply what the market wants and get your maximum share of the market’s potential. Provide products and services that will be accepted within your market, be flexible to move with the market, broaden your customer base, realize greater revenue from existing customers and stay consistent with your market.

See your business grow to the finest and greatest height of success and wealth! Make your business more profitable and achieve the success and wealth of your business. Create profit from value, let your operations be the support platform of your business – drive your business with what lies clearly at hand. Do not sell your products or offer services at credit – function for profit and cash, increase your revenue by pricing for profitability.

Have effective cash management – turning all your current assets into cash as rapidly as possible and minimizing or eliminating fixed asset buildup.

Being successful in business and rolling in money is a life worth-living. It is a state of good fortune and especially of financial success. Life is ease, the good life is your birthright; you can afford bed of roses. You can have enough and to spare! You live a higher life of purpose, power and plenty; Be flushed with success and flush with money.

Tomorrow will be too late to be in business; the world is a stage! Set your stage today on the stage of success and wealth.Get wise to your ability to exert effort for a purpose, special ability in business and have something that yields a steady, predictable cash flow.

You must gain priceless insight into what people really need and want. You must develop your inspiration, determination,enthusiasm,ability and skills to understand every aspect of your business operation and be a shinning example of entrepreneurship; build a business empire and contribute to the development of our nation.

Copyright ©Anyaele Sam chiyson.
Anyaele Sam Chiyson

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