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BuzzAroundBooks wrote:Many people get off to great starts about their business ideas, but then fail to follow through (let alone finish).
What advice can we give to these aspiring startups?
bmueller47 wrote:Hi Kevin,
The very basic advice is as always: "Never, Never, Never give up". These were the famous words of Sir Winston Churchill during World War Two.
Of course, this is a universal advice. But every one has a different pathway, then the advice need to be 'taylor-made' to meet the excact situation.
"Unlock People's Potentials!"
Everyday matters, so keep going.
babyjoy214 wrote:In my belief, when your heart is on that something or anything there's always hope and giving up is no where to be found on the options.. Also as to what I have read on some posts and articles, before starting any business everybody should do research and business plans.. there's always downside on things, consider all aspects of the business, competition for one and demand for the target market..
Hope what I said was ok..
BuzzAroundBooks wrote:babyjoy214 wrote:In my belief, when your heart is on that something or anything there's always hope and giving up is no where to be found on the options.. Also as to what I have read on some posts and articles, before starting any business everybody should do research and business plans.. there's always downside on things, consider all aspects of the business, competition for one and demand for the target market..
Hope what I said was ok..
Perhaps the problem lies in doing more research and learning about the competition if you're intimidated as it can be a way of talking yourself out of following through.
RussellWebb wrote:Expanding on Chris' comments...
Why not start with a mini business plan?. It can be a short 10 pages that identifies the core elements of the start-up. It may take several weeks to gather the data, but a lot less overwhelming than a full scale business plan.
TheRainmaker wrote:Hi Guys,
I always, always recommend a starter upper read THe E-Myth by Michael Gerber. Many of those that decide to start something dont realize how much work, and how multifaceted running and building a real company is. This books shows people the ins and outs in a simple and effective way.
As far as commitment goes, they have to be willing to become lifelong learners. If they arent willing to do that, I have very little hope in their businesses getting past the 1 year mark.
There's alot of self reflection that has to go into starting a business, and recreating your life essentially. I also recommend books and resources like The Success Principles by Jack Canfield.
orxan wrote:My advise is FOCUS on your business.
Focusing is the main factor to succeed on business. If you have a great idea, then follow it only, don't look anywhere else. It is especially essential in an online business. Because there are a lot of mind blowing sales letters promising millions dolllars or overnight success, people find it difficult to concentrate on one business and they lose their energy.
Concept is simple.
1- Have a good idea;
2- Build your business on it;
3- Monetize your business;
4- Promote it;
5- Build list of responsive customers;
6- Maintain You Business.
Focusing and not fearing from competition (instead you can learn from competitiors) are main tips of billionaires ,BTW.