The Pleasure Of Establishing A New Business

So you had that brilliant business idea that’s going to be enormously successful and make you a fortune – and even better, you took action and started your own business. Excellent! Not everyone advances to that point. The majority of people sit and fantasise about what they might accomplish if only….

“While the world is awash with dreamers, there are not nearly enough who will take the initiative and begin taking concrete steps toward actualizing their vision.” – W.C. Stone

However, you overcame the most difficult obstacle, that first step, and created something.

Well done – you went above and beyond the call of duty. Now that you’ve mastered the day-to-day details of running your business, how do you maintain momentum?

There are several points to consider in this case:

1. What are your strengths and interests?

Make two lists: one of the jobs you enjoy and another of the jobs you struggle with. Consider the second list and what you might be able to outsource or automate. Do you enjoy accounting or would your time be better spent planning ahead while your accountant handles the numbers? Must you personally respond to each inquiry, or could you create a FAQ page for your website that you can direct people to via autoresponder? During the early stages of your business, you may discover that you lack the funds necessary to hire someone to perform the tasks you despise. Could you swap skills in order to obtain the assistance you require?

2. Why are you acting in this manner?

You must be motivated to start and maintain a business. The most effective way to accomplish this is to understand why the effort is being made. What motivates you to get up in the morning and do what needs to be done regardless of how you feel? Make a list of your reasons. Locate photographs of that house or vacation and display them prominently.

3. How do you handle roadblocks?

Not everything you do will be perfect – sometimes the things you try will fail miserably – what matters is how you respond to problems. If you curl up in a ball and abandon your business at the first sign of failure, you had better not be in business. It’s entirely a matter of attitude.

4. Create a plan

Create a plan and follow it as closely as possible, but be prepared to be flexible and adaptable. Occasionally, the most unexpected opportunities present themselves, and you must be prepared to seize them. – as Joe Vitale puts it, ‘Money enjoys speed.’

5. Find a mentor –

Learn from someone who has already accomplished the task. It’s invaluable to have someone to bounce ideas off of and who can encourage you when times get tough.

Finally, never allow anyone to bring you down and never be afraid of failure:

“It is not the critic who counts; it is not the man who points out where the strong man faltered or where the performer of acts could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust, sweat, and blood; who strives valiantly; who errs and falls short repeatedly; who understands great enthusiasms, great devotions, and devotes himself to a worthy cause; who, at best, knows the triumph of high achievement; and who, at worst, fails while daring greatly “- President Theodore Roosevelt.

Never forget this!

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