10 ways to develop a successful business
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If you want to develop a business, you are in the right
place. Many are thinking and searching, how do I start a business? If you are
planning to start a new business, create a business, or want to expand your current
activity, this is a step-by-step guide on how to start, develop and grow a
business while reducing loss rates. If you are thinking deeply about starting
your own business, please read this article with focus from the beginning. To
learn about the steps for starting a good business, and for people who have an
existing project or business and would like to develop it, the last part of the
article will be more useful for them.
It is axiomatic that every action begins with an idea from
within the box of the mind. You will find that throughout the article, I talk
about the mental aspects of people who achieve their goals accurately as well
as the physical and financial aspects. But the mind is the source of everything
that happens. I've done many experiments and read many books, articles, and
articles and have come to believe that when your mind is fully engaged, there
is nothing you can't do.
Step 01: Make your passion a business
How do I open a business? To start a business, you need to
scrutinize what you love to do all the time. Why is this important? The answer
will be simple. You don't want to spend all your life doing some kind of
business that you hate.
- There must be a lot of planning combined with execution
involved in the work in order to make it work, and if you are passionate, you
will not feel that you are working as much as you feel that you are achieving
success within what you are passionate about achieving in your life, you do not
care about the type of things you do as much as you care about your inner
passion, The inventors and innovators and those who left a mark in life were
behind their passion and love for what they do. After all, happiness is the end
result of anything we do in life. Why not choose a business that will make you
happy while doing it around the clock? And always remember that when your
vacation becomes your profession, you have succeeded in life.
Step 02: How to make money from your passion
After you have researched and found your passion, you need
to know how to use it to make money, because there are always people who need
the kind of service you can sell. Although your passion may be the most
ridiculous, there are millions of people around the world or in your city or
neighborhood who would be happy to pay for your services.
-The more passion you have, the more likely you are to
succeed simply because this type of passion-based business does not exist
enough yet.
- If your passion is common or normal among people, you
should not let it go, if you really love it with real passion, you will always
find ways to do things and all things in unfamiliar ways than people and that's
what I barked at, out of the box ideas out of passion .
- Let's give an example, you are passionate about the world
of motorcycles or cars. You are more likely to succeed in a motorcycle or auto
shop, auto and bike parts store, or a workshop where you do repair and
modification. Surely you will find that there are many people doing this, but
if you love it with passion, your business will be a profitable venture and
that will be because your store has a waiting area and it is a nice place where
your customers can get a seat and a free drink when they come to change some
car parts or A motorcycle, or you may have out-of-the-box ideas that bring a
lot of customers to your workplace. Once you start doing what you've been
passionate about, you'll discover all of this.
Step 03: Project Planning and Study
The planning phase and the study of a commercial project,
how is it going? Among the reasons for the success of the work you do:
Feasibility
study
A feasibility study and to write your unique ideas in a blog
of ideas, and prepare an explanatory presentation for all stages. Yes it takes
some time to do. But you should not rush in this part, as planning earns you a
lot of time, not the other way around, and inside every profitable project,
time is money.
planning
- If you finish the planning stage and a new idea comes
along, feel free to change. You can adjust the plan until you are fully
satisfied and you can create a clear vision for your work and project.
- In the beginning, you will not be able to plan everything
accurately and completely clearly enough, but this does not let it weaken your
resolve, because the parts that are foggy and unclear leave it for some time,
and you will see later how planning is a tool that helps in the success of the
company and the profit of time and money.
Step 04: Visualize the success of the business
Now that you have a clear picture of your business and many
ideas of profitable small or large projects, imagine with me, even a little
bit, how it will look and how you will feel when your success is tangible on
the ground and it makes you a lot of money.
- You must work to taste success, giving up is not an option.
Of course, within every profitable project or within every business, there will
be obstacles, challenges and problems that will face you on your way to
success.
- You must prepare for that, and look at the obstacles as
stages that you have to overcome and not the end of the work or project that
you are doing. How many problems led to the emergence of the idea of a simple
profitable business or the emergence of an innovative business idea that has
achieved millions for its owners.
- This will also help keep your team motivated and
rejuvenated in the future if you need to inspire them in times of trouble and
setbacks. You are the owner of the project and you are the leader. You must
have a vision of the future success that you are working to achieve at all
times.
Step 05: Business Needs
You currently know and have a plan and a vision of what your
business will be like, and you have a clear picture of the success you seek.
Now you are mentally and psychologically ready to start your own project and
business, so you have to determine the necessary needs for the project, the
most important of which are 3 things: infrastructure, staff, and financing.
Infrastructure
If your business is selling some household items or
furniture, you will need a space depending on the project, a desk, a storage
area for goods, and some furniture that is required in any office. And if your
work is related to the virtual world of the Internet, you will need a website
or applications that work on phones. Whatever it is and the type of project,
you have a clear picture as we learned in Step 3, so you can create a list of
all the details you will need in terms of infrastructure, and these things are
the backbone of any business venture.
employees
If the work or project that you will do is private and does
not require employees, you can work on your own, if this is not the case, then
you need the help of other people. Using Step 03 above, find out how many
people you will need, what their jobs will be, what roles they will perform,
what tasks they will be assigned, and what their qualifications will be. You
might also look among your friends, family and acquaintances who might have
someone qualified enough and happy to help you in the beginning. Having a good
friend or partner at this point is very helpful. If you are lucky and have a
friend who shares your same vision and ambition for success, you have put your
first leg into success and there is not much left to hit the jackpot. Chores
and tasks are often much easier with a good friend by your side.
Financial
sources
This part is usually a bit uncomfortable for many people who
would like to enter the financial world with all their passion and form
profitable projects that are at least small. This is why you don't see many
great small business ideas come true. Many give up in this case as soon as they
think that there is not enough and abundant money to bring good small project
ideas into our world. If you fall into this category, please keep in mind that
money comes from out-of-the-box ideas. This is the purpose of pure investors.
If you read some books or follow any programs, you will find that there are
people who have completed profitable projects that cost millions and had little
money. They did so through their ideas and searching for investors and
succeeded in that. The investor has money and searches for ideas while you can
be the opposite. You have great business ideas that are profitable and you are
short of money The ideal case that I recommend to you as a friend is that you
should have half of the capital that the project needs in order not to lose the
status of the owner of the company and the project and lose many advantages
with it. If you are now working as an employee or as a small business owner,
you can start saving and collecting money. If it is in the second case, that
is, you have enough money, then start spinning the wheel of your project and
go. Third case If you don't have any money, the solution is to use the idea
mentioned in Step 3 to attract money through a relative, dear friend, family member,
or wealthy investor who has enough money to start the business.
At the beginning of the article, I mentioned how important
the psychological aspects are for people who like to delve into the investment
world. I would in all honesty make this a bit more clear because project
financing for a contractor is a big, big problem. You have to know that fear is
your real and main enemy at this stage. This is the one thing to overcome and
fight against with all your intellectual energy no matter what. We are going to
list a bunch of tips that will help you on how to do this, but you have to walk
this path with all your faith.
You should know that fear is okay. And it is part of us as
human beings. And remember that courage does not mean the absolute absence of
fear. Rather, courage is to do the thing you fear. What some experiments and
statistics have confirmed is that at the end of our lives we only regret the
things that we did not do or the opportunities that were before our eyes and we
did not take any step towards them, and it is better and better for us to die
quickly doing something we love and we were working to achieve instead of
living life Long boring we do safe and comfortable things on a daily basis. Use
Step 04 and taste the real success that comes from visualizing success. Here
are some types of fear that you may face and be exposed to, and how to overcome
and overcome them to complete your business journey and your own project:
Types of fear of financing a business
- Fear of rejection: Yes, and in large proportions, you will
be rejected in many cases and by many people. Not many people will understand
what you are trying to do and strive to achieve, so don't take it personally,
and move on to the next approach because it gives great results. When doing a
presentation in front of someone, prepare your best ideas and do it with
passion because people invest in profitable projects with the person who shows
through his words and style of persuasion that he is passionate about what he
wants to do. Put yourself in the shoes of the investor and you will put all the
money you have if you see someone who is genuinely excited about a project even
though you did not understand all the details of the business. Why does this
happen? Simply because he will not give up on the project until he achieves
success, so you must adopt the previously mentioned Step 01
- Fear of Loss: In any project there is always the
possibility of loss. After you have done everything from studying the project,
planning and investing money, but the work is new and you do not know all the
challenges and obstacles that you may face on the way. Believe in yourself and
know that if you make a mistake and lose, you will also find solutions on how
to get out of your problems. The project is your idea, and you know best what
to do. You will face loss in some cases (loss of money, loss of employees, loss
of clients...) but make sure that you will know what you must do to rise again,
so do not be afraid of loss, because profit and loss are two sides of the same
coin, and you will not find a successful person in his business and projects
without having He lost many times, but the difference is that he views his
losses as gifts from fate to learn and gain experience.
- Fear of Embarrassment: Of course, you will encounter some
people who will make fun of you and make you laugh, especially in difficult
times. However, it wouldn't be any sweeter when you beat and they see your
success streak. It's good to answer this question, how can you win if you
haven't been defeated many times? Do you know a boxer or team athlete who has
won world championships without losing many times? Psychological readiness to
receive embarrassment and defeat is important in the psyche of those who seek
success in their projects, and I advise you to follow step 04 during these
difficult times, and always remember that people You remember the hero, not the
average person.
- I hope that the advice will help you to overcome fear and
not exaggerate the matter, as it is more psychological than an obstacle that
causes you not to take any step towards achieving your goal and establishing
profitable projects. Now that you have solved the question of how to get the
capital even if it is relatively (you did not get all the money enough for your
project), there is something else that you should think about. Look for an
investor who is willing to wait for the money to flow into your project in the
right way, and the period should not be less than a year at least, because the
beginnings are difficult, while the next steps are easier. There are investors,
banks or agencies whose main business is to lend you money but in return they
want to get their interest or return on investment almost immediately. The wise
investor knows that if the project is not profitable and does not work well, he
will start claiming his money, because he sees that the company or project will
not succeed and he will not be able to return his money. Therefore, from the
first moment, you have to choose a person who will wait for a long time to
return the money that he contributed to the project. In this way, you will have
saved yourself many psychological pressures, as well as many debt problems, and
perhaps the interests that will begin to accumulate if you do not pay the debts
in full in a timely manner.
Step 06: Start implementing the commercial project
- Work with a strong partner and divide up the jobs and
tasks. One of you can find where to sell furniture and supplies while the other
can do the hiring.
- Take care of your staff strictly, keep in mind that your
first group of employees will be your core team for the life of your project,
and you should be comfortable working with them 7 days a week. Remember step 03
which is planning, so that you know how many people you need and what qualifications
they must have to always be one body beyond all challenges and obstacles
Step 07: Employees Inside a Business
Ensure that everyone clearly and accurately knows what they
are doing. You have to create a good employment policy in which employees are
rewarded with various types of remuneration according to the position each one
occupies within the company.
Take good care of your employees It is sometimes useful to
pair a good employee with another bad employee, so that the bad employee can
learn from the employee who is doing the right thing.
You can also create a project profit sharing plan. This
makes employees care about your business as if it were their own project.
Business and staff is a profitable business for every entrepreneur who is interested
in the growth of his business.
Step 08: Marketing the business
How do you market your business professionally? Once you
create a new business and the wheel of the project starts to turn, you must
work to get as many customers as possible who will exchange their money for the
goods or services you offer.
- You can carry out advertising campaigns, whether on social
networking sites or other sites, or advertising campaigns on the roads and
within cities, so that people know your existence, and it will bring you a
number of interested customers.
- Presence across platforms and social media is important.
Creating a good website to promote your services or products has become easy
nowadays, but if you have enough financial means and can invest money in advertising
and publicity, then give the matter to a specialist in creating websites and
knows how to create advertising campaigns that attract customers, as the latter
contributes Significantly in making your activity a very successful business.
And you, as a project owner, have many tasks that you have to do and accomplish
- Set up regular, pre-set meetings to discuss how to improve
services or reach more clients with your team. Being the leader and owner of
the project, it is better for you and for your work to have an open mind to all
opinions and criticisms, and to listen to all their ideas and choose the ideas
that suit you and give the signal for their implementation.
- Among the ways to market your services or products are:
door-to-door marketing, distance marketing, working to improve the company's
image in customers' minds, perfecting SEO if your project depends on a website,
or by creating an application that works on smart phones, creating advertising
campaigns Powerful targeting to your potential customers
Step 09: Scale a Business
Are you thinking of expanding your business and project?
Would you like to have a better version of a profitable business? You now have
an existing project that brings financial profits every day, so all you have to
do now is think about development and passing to the next stages, so do not
refuse an opportunity to expand your business.
- If it is a local company that only provides services or
products to local customers, open another branch in another city and start
developing your business. At this point financing is usually not a big deal.
Because very quickly you will find a lot of investors and financiers, if you do
not get prior offers, whether it is offering money as a partnership or offering
products in order to sell them and get a commission.
- If your business or project is an online business, then
appoint a team specializing in search engine optimization through CEO
development and search as well as specialists in advertising campaigns to bring
visitors to your site and with these methods the whole world will be your
market.
Step 10: Balance in Business Ventures
Create a balanced line in everything you do. Whatever things
are, the best things are in the middle. From the first step to the last,
balance is the key to success in projects.
- There is wisdom that says too much of anything bad. Don't
work so hard that you lose your family, friends or your health, everyone is
entitled to it. And one should know that money is not considered useful if you
cannot share it with those you love, especially with your family and family
members.
- You have to keep a balance between your work and personal
life. And to get ideas for profitable projects, a good idea cannot come to you
if you suffer from fatigue and exhaustion all the time. Physical and
psychological comfort is the source of ideas.
- When you feel bored from the large number of continuous
work throughout the week, go away for a short time and enjoy a trip with family
members to renew your activity, then return later to work and you will find
many solutions that could not be reached without being in psychological
comfort.
- Everything has its counterpart in life, and this is
something that helps us understand things and give them their value. For you,
as an owner of ideas and a vision based on building a good business project,
there are times of ups and downs in business, and all projects have times of
high profits and times of loss.
- As an entrepreneur, you must be careful when you succeed
and patient when you fail. When success is yours, don't spend money
unnecessarily on things you don't need.
- On the other hand, when you face challenges and obstacles
and fail, do not give up because success may be much closer than you imagine.
And always remember that success and failure are two sides of the same coin,
the currency of creating profitable projects and giving up is not an option.
- You must also create a balance between you as a project
owner and your employees, whatever their rank within the company. You are the
leader and master of the project. If you are too hard on them by your commands
or manner of speaking, they will be terminated or even sabotaged all the work
done by your most skilled staff. On the other hand, do not be soft to the
fullest extent, as you will find employees playing more than they do their
tasks and doing the work that causes money to flow into your project.
All this information and ideas you will need from the start of a business until you see your business grow in the way you want, and I collected it through entrepreneurs and owners of successful projects, and from the experience of many authors with books that have sold millions of copies, I hope that you will take the ideas that you will need in your project And you start applying.