» 2 Cent Tube Clicks
» YouTube Marketing
» Email How To Video Course
» Turbo Site Builder
» Turbo List Builder
» Bitcoin Profit Secrets
» Ketogenic Diet 101
» Facebook Marketing
» NEVER get this much QUALITY TRAFFIC for SO LITTLE COST!!!
» FREE Classifieds
» Free Associate Membership
» Home Business Training
» 1 Solo Each 5 USD Purchase
» LeadsNProfits Direct Payments are BACK
» QuickCashSolos Launch - GET REFERRALS MAKE MONEY
» Our BEST Programs
» HostGator Domain Names, Hosting, Email
» Advertise 5 Sites For ONE Year
» Extreme Traffic Pack
» Exclusive Extreme Solos to Frank Salinas Private List
» WorldProfit Extreme Super Solos
» Clickbank University
» Super Sales Machine
» Clickbank Super Store
» ListGrow Build Your List in 60 Seconds
» Commission Gorilla
» Traffic Ivy
» HOT Posting Services.
QUADRUPLE the Submissions At No Extra Charge!
» Super Solo Ads
We are TRIPLING ALL orders At No Extra Charge!
» PRIME Visitors.
Your Website. Real Traffic. Real Fast. 1/2 Price Special!
» 6 Ideas To Make Money
» Create Your OWN List Building Newsletter in Minutes
» How to Get Better Click Rates
» Modern Email Marketing and Segmentation Video Training
» Facebook Marketing Secrets
» Instagram For Entrepreneurs Crash Course
» Responsive List Building Secrets
» 27 Essential Rules Of Internet Marketing
» Maximize Your Commissions As An Affiliate On The Rakuten Marketplace!
» Email Marketing Effective Letters
» Email Profiteers
» 55 Clickbank Review Articles
» The Easy Way to Profit From List Building
» Pinterest Expert
» 30,000 Solo eBlaster
» 12 Memberships FREE for LIFE
» 250,000 Advertising Credits
» 500,000 Mega Ad Credits
» Promote To ONE Million
Ralph Waldo Emerson said, "Build a better mousetrap, and the world will beat a path to your door."
But when you're starting your own business, there's no guarantee that your "mousetrap" is going to survive, especially in today's fast-paced business world.
Nearly half of all small businesses fail within the first two years of operation. The number one reason for business failure is inadequate planning. The second reason is under-capitalization.
So before you mortgage your house, or go into debt financing your business, you need to know if your business is going to do more than survive -- you want to know if it's good enough to thrive! Here are three things successful businesses that have stayed in business for five years or longer have in common:
1. The idea. A successful business start-up always starts with an idea. Something that makes your business stand out from all the rest. So how do you know if you've got a good idea?
You've probably got a good idea if you can answer yes to any of the following questions: Does your idea provide the solution to a significant problem for your target market? Does it satisfy a need or want? Does it create an opportunity?
The most successful businesses either fix problems (either real or perceived), or they increase your customer's pleasure. They create a repeat need for a product or service among the target market.
2. The market. Your chances of survival are better if you can answer the following questions with a yes: Is there already a market for your product or service? (It's much easier to fill a need than trying to create an entirely new market.) Can your target market afford to buy your products or services? (If they can't afford it, it doesn't matter how great it is, you won't sell any!) Will your target market perceive your product or service as valuable? (If they want it, but don't think it's worth what you're selling it for, you won't make any sales.)
3. Your ability. Do you have the people, the resources and the knowledge to be able to consistently provide your products or services to your target market? Can you maintain a competitive advantage? Do you have enough manpower? Can you purchase the supplies and materials you need over the long run?
Your first step always is to create a solid business plan. Your business plan is more than an essay on "Why I deserve to get funding for my idea" however. Don't spend all the time creating a business plan and then toss it in the bottom drawer of your desk. Your business plan should be a living, breathing roadmap that helps you make sure you're on course and reaching the goals that you set for your business.
The second step to business survival is getting enough financing. Although the term "bootstrap entrepreneur" describes most small business owners, having enough capital to be able to keep your business afloat is vital to your survival.
When you're creating your financial analysis of your business, make sure you're being realistic about costs and expenditures, so that you give yourself the cushion you need to succeed.
If finding financing is a problem, either because you don't have enough credit or equity, or there are other problems, take the time to look into the resources that are available in your community. There are a wide variety of grants and loans (including microloans) for entrepreneurs, if you know where to look.
Some great resources will be: -The Small Business Administration -Local Small Business Development Centers -Women's Organizations -Local University or Community College -Chamber of Commerce -SCORE (The Association for Retired Executives) -Nonprofit organizations that work on economic development in your area
Use other successful business models as a guide. When you're getting started, look around. What businesses are successful? Why? What is it they're doing that is working? What attributes do you admire, and why? You stand a better chance of succeeding if you're modeling someone who is already successful.
Find a mentor. Most entrepreneurs have great skills and abilities, but no one does everything well. You probably already know what your strengths and weaknesses are. (If not, there are many resources and tools that can help you figure it out!) Rather than ignoring your weaknesses, find a mentor who can help you either build your skills in your weaker areas, or offer advice for getting what you need.
If you take the time to plan to succeed, you could be creating a legacy that will be enjoyed by future generations, and that other entrepreneurs will look at as a model for building their own businesses.
When doing affiliate marketing, much of this work is done for you. Your primary job becomes BUILDING YOUR LIST and FOLLOWING UP with your list.
Network Marketing is a PROCESS. Learn how to do Network Marketing RIGHT
Rich Moyer is the Owner of <a href="http://WebcastSource.com">http://WebcastSource.com</a>. Check us out anytime for marketing tips and a free subscription to our cutting edge newsletter.
Check out The Manifestation Millionaire
» Free Instant Pay Downline Builder
» QuickCashSolos Launch - GET REFERRALS MAKE MONEY
» InstantCashEngine Full Feature Safelist and Surf Site
» SoloAdsWork Full Feature Safelist & Surf Site
» FunSoloAds Full Feature Safelist & Surf Site
» SuperLinkSolos Full Feature Safelist & Surf Site
» AeroMailsClub Full Feature Mailer
» AmazingTextAds Full Feature Safelist & Surf Site
» ViperTextAds Full Feature Safelist & Surf Site
» HotTextAds Full Feature Safelist & Surf Site
» 4 Aces Mailer
» SuperSolo BOGO - Buy 1 SuperNetwork Solo Get 1 Solo Free
» Matthew Graves Your Viral Network Premium Mailers
» Your Success Advantage - We Do It All For You
» Unlock Your List - Link Sites for Autopilot Referrals, Upgrades, Commissions
» Dave Mosher's Peer2Peer Instant Commission Safelists
» MasterSafelistBlaster - send to 335,000 in 5 minutes
» #1 GoldMine - email 338,000
» Herculist - Gold emails 83,000 daily $49/yr
» Pangea Mailer to 23,000
» Pangea #2 Mailer to 91,000
» A Hive is not built alone, right?
» Profit From Free Ads Join for 70,000 Free Credits
» NeverEndingTraffic4U Premium Traffic for Life
» Leased Ad Space - Quality Traffic and Great Affiliate Opportunity
» What is link tracking and why is it important?
» ViralURL - Build your list while protecting your commissions
» Split Test Mailer Free Testing App
» Email Marketing Masters Writes Professional Emails
» Talking Animated Avatar to Introduce YOUR Webpage
» MyVIPContacts Unlimited Autoresponder
» Aweber Top-of-the-Line Autoresponder
» GetResponse Commercial-Grade Autoresponder
» Sendiio Unlimited Autoresponder