FAST GROWTH IS POSSIBLE!
There are many qualities that an entrepreneur must have in order to develop a successful and profitable “fast growing business.” The following are the key ingredients that I found, as a common trend, in small businesses that I have mentored and have accomplished their goal:
- VISION: Your vision has to be in writing and should contain the most fulfilled reality you can imagine without attaching a monetary or time limit to its achievement.
- PASSION: You have to be truly passionate about your vision. Passion creates energy and excitement which will power you to achieve your vision. This is your “WHY”.
- BELIEF: You must believe in yourself and in your ability to do whatever it takes to reach your vision.
- FOCUS: Concentrate on your vision by doing something every day that will take you closer to achieving your vision. Use the Accountability Tracker to help you.
- VALUE PROPOSITION: Know your product/service and how it sets you above all your competition.
- VALIDATION: Talk to your target market and validate that they have a need for your product/service, before you start marketing .
- HARD WORK: Commit to working 10 times harder on this enterprise than you have ever worked on anything else.
- RISK: Get out of your comfort zone. Do things that you or anyone else has never done before. Do this in your PROMISE, THE DELIVERY OF YOUR PROMISE, MARKETING AND CUSTOMER EXPERIENCE.
- ACCOUNTABILITY: one of the most important qualities for fast growth. Doing what you know has to be done within a given time.
- LEARN: Learning is a never ending process. Always keep an open mind, be ready to listen and never assume that you have all the answers.
Perhaps the most important thing is to have someone walk the walk with you. As the saying goes:” It’s good to be in business for yourself but not by yourself”. A trusted mentor is part of the success equation.
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Tips & Advice by Nick Petra, CFP – Founder of Strategic Duck and BizQuack
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