As an entrepreneur I’ve encountered numerous prospective entrepreneurs trying to put their ideas into action by starting a business. My experiences have given me a unique insight into what makes and breaks a business in today’s market. http://www.earlncox.com

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8 Must Know Tips To Grow Your Business
Categories : How to
Date : 08/30/2014
As an entrepreneur I’ve encountered numerous prospective entrepreneurs trying to put their
ideas into action by starting a business. My experiences have given me a unique insight into
what makes and breaks a business in today’s market.
Here are 8 essential tips for shaping a good idea into a great business:
1. “You can’t build a business like a hobby project.”
Entrepreneurship should never be a casual endeavor. Building a thriving business in today’s
market means devoting yourself fully to the mission you intend to accomplish via the company.
2. “Wrong sequence ends in business failure.”
One of the biggest hurdles to business growth is the lack of a detailed planning system. No
matter how big your idea is, expecting overnight success can cloud you to the practical
considerations that can quickly grow larger than your ability to deal with them. Move your
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2. business forward one step at a time, and more importantly, know where you’re going before
you try to get there.
3. “Advertising is naked without PR.”
Flashy ads are no substitute for a well-thought out communications strategy. In the age of
information, every business needs a sensible way to spread its ideas and brand to clients and
consumers ready to buy. An idea is useless without a suitable voice to present it to the world.
Build your advertisement strategy around the people best suited to get you to the next step of
your objective.
4. “Never say NO to growth.”
In today’s market, you can’t afford to miss the opportunities that can get you from one step to
the next. While defining a plan for growth and future investment is necessary to guide your
business decisions, nothing should ever be set in stone.
5. “The difference between wealth and income is how many people you benefit.”
All the growth in the world means little if you do nothing to benefit those who helped you get
there. Your team and periphery support network need to be included in the rewards in direct
correlation with the effort they put into the business’s success. While numbers need to be your
first concern when it comes to sustaining yourself and your ideas in the market, make sure you
measure your success by more than just a bottom line.
6. “As you grow IT, IT will grow you.”
Don’t get tunnel vision when it comes to everyday business. In today’s business world, every
connection you make can be a game-changing opportunity. Never walk away from the chance
to shake hands with a potential partner no matter their value to you and your business at the
moment. Grow your network every chance you get.
7. “Nothing will grow you more than growing your dreams.”
While it’s important to consider all of your decisions through a filter of practicality, you should
never be convinced you can’t achieve what you’ve set out to do. Businesses never fail
because a dream is wrong; they fail because they choose the wrong path to achieve it.
Remember that the more work you put into getting somewhere only makes the achievement
more meaningful in the end.
8. “Competition slows everything down.”
If your definition of progress includes hurting other companies along the way, you’re not on the
fastest lane to success. Although the market environment may appear inherently competitive at
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3. first glance, a collaborative perspective on business can make everyone’s ideas a reality faster
than they could through isolation and bitter fights for market share. Look at your competitors as
potential partners and find a way forward for everyone involved.
PS. Interested in supplementing your income from home and willing to put in the work?
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