Do You Have What it Takes to Become a Successful Home Based Business Entrepreneur?

Becoming an entrepreneur is a very exciting idea. Being able to do it from home is even better. It provides you the freedom to;

  • Choose something you love doing.
  • Be your own boss.
  • Decide the hours you work.
  • Write your own paycheck.
  • Travel where and when you want.
  • Work around family commitments.
  • Gain a sense of purpose.

What could be better?

But before you jump in head first, here are some things to consider when deciding if a home based business is right for you.

The Key Attributes of a Successful Home Based Business Entrepreneur

Attitude and character determines success. Here are some of the key characteristics of most successful entrepreneurs, which you will need in order to succeed.

  • Lots of energy and a superior work ethic
  • Self Motivated, knowing what you are trying to achieve and WHY is crucial.
  • Prepared to take risks
  • Dedication and determination
  • Be able to relate to all types of people in many different situations
  • Effective decision making skills, you need to be able to make informed, wise decisions even under pressure
  • Focused
  • Coachable, an ongoing commitment to learn and grow is essential
  • And most of all Patience, without patience you won’t give the rest time to work

Some of the Skills Required to Succeed

While these are skills we often use in a daily lives they will often need to be further developed when it comes to running a home business.

  • Organisation
  • Time Management
  • Monitoring (tasks, finances, inventory, work schedules and advertising campaigns)
  • Know when to delegate (even without employees, outsourcing can allow you to focus on what you are best at)

Don’t despair!

Many of these are skills that can be learnt and developed over time. If you are committed to continual personal and professional development you will be amazed what you can achieve!

Tips and Strategies for a Small Business Entrepreneur to Beat the Competition

Many new Small Businesses fail during the early years and one of the reasons attributed for the failure is their inability to beat the competition.

To be successful in your business and to be acknowledged as a successful small business entrepreneur, you have to adopt certain strategies that will enable you to outsmart your competitors and beat them.

1. Go Shopping Yourself:

If you are a manufacturer of certain products, you should go shopping yourself at least once a fortnight. By doing this you will be able to see how and where these products are being displayed, the price at which your competitors are selling their products and the type of packaging used. In fact purchasing of your competitors products on regular basis, testing them and comparing them with your products will be a very useful and productive exercise.

2. Become a member of a Professional Association:

As an entrepreneur it is very important that you become a member of a professional association related to your business or industry. Never, ever think that you can operate in a vacuum and succeed. By regularly attending their meetings, you will get the opportunity of meeting like minded people and your competitors too. Opportunities for gathering vital information and secrets abound in such meetings. Be watchful, grab them and implement them in your small business.

3. Gather Information about Your Competition:

You must have a plan whereby either you or one of your employees should order your competitors’ broachers, catalogues and price lists. This will give you very vital and useful information as to how these products are priced, advertised and promoted. Keeping this constant tab on your competitors will enable you to discover the reasons why some are more successful than you. This ongoing study will help you make very calculated changes in your price structure, marketing and advertising strategies.

4. Attend Trade Shows and Seminars:

Trade shows are places where you as a small business entrepreneur can make useful contacts with other entrepreneurs in your own field of activity and other allied fields as well. Viewing new developments, technologies and marketing methods will inspire and motivate you to develop your own business in those lines.

Attending seminars can be very useful, educative and a place to make useful contacts. These trade shows and seminars can open up new windows of opportunities for you.

5. Read Trade Magazines and Newsletters:

Subscribe to your industry or business trade magazine or newsletter. You will come across many things that you are not aware of, in manufacturing, advertising and marketing. These tips and tricks will help you fine tune some of your present strategies.

6. Address Meetings and Focus Groups:

Never miss an opportunity to address meetings related to your industry or business. It will also be wise to organize Focus Groups where you can obtain the views of the members regarding your products. The feedback thus obtained will help you make changes in your products and the marketability of your products.

7. Distribute Free Gifts, Vouchers and Coupons:

The whole world loves free gifts. Even millionaires love anything given free. You should take full advantage of this and promote your small business by offering free gifts. Whenever there are community gatherings, focus group meetings and other functions, try and distribute free gifts, discounted coupons and vouchers. You should ensure that you have your website URL, address and phone numbers embedded in all your items.

8. Have a Professional looking Website.

A well designed professional looking website is absolutely essential. By providing all the information about your business, products and services, it will add credibility to your small business.

Conclusion:

To succeed as a Small Business Entrepreneur is your ultimate goal and failure is not an option. Keep a watchful eye on your competition and implement these tips and strategies. It will not be long before your competitors disappear from the radar screen.

Entrepreneur Development Starts in the Mindset

When you think of “Entrepreneur Development” what is the first thing that comes to mind? Some may feel that this is some form of strategic business planning? Some of you may suggest that it is positive business development building tools that create a better business model. But then you may even feel that this is coaching system to create a strategy for personal success. Well if you where thinking any of the above then guess what folks, you are right!

Why Would Anyone Need Entrepreneur Development?

This is a something that is necessary for business brainpower to grow into successful productive companies. It all starts in the mindset and ends in the process of creating a formula for a winning producer in the wonderful world of business. If you are really trying to become better at your passion then you need training to enhance your potential. This is why the effectiveness of personal development is taken so seriously in today’s fortune 500 companies.

Why else would companies pay motivational speakers to train their sales teams? Why on earth would you find people paying up to $10,000 and more to hear top professional speakers opinions? Because the newbie entrepreneur and even the professionals will still need personal training to become better at what they do that’s why.

Training Is Not An Option It Is A Must!

You can’t find any top paid professional sports athlete without a coach. This is what I call the teams master mind leader. The job of the coach is to prepare the mindset and physical skills of the athlete right? The coach has the responsibility to train the body of the players and guide the team to victory!

But the training doesn’t stop once the game has started or ended. The coach supports his team and will literally scream plays at his team to make sure they are at the peak of their performance at all times. The coach is also considered part of the team and he should be because he is. This is the same kind of training you get from good Entrepreneur Development coaching. You get the preparation and support of you’re business coach and the blueprint needed to win the at the game of business.

When Is A Good Time For Entrepreneur Development?

I feel that their is no time like the present in getting training or coaching for your business. Let’s keep in mind that the world of business is very competitive and to win you must make intelligent choices that produce results.

This is why I suggest you develop your team early in your business career so that you can have a winning and proven formula. So what are you waiting for? Get started today and get a business coach that will lead you and your team to victory!

How To Develop The Winner Home Business Entrepreneur’s Profile

When you want to be a winner and operate a successful home business, there are several things that you need. You don’t need millions of dollars to invest or a large home office. No, the things that really matter are things that you can control, for free. These things are characteristics that you can develop in order to fulfill your dreams and make a real difference in your life.

Passion

The first thing any home business entrepreneur needs is passion about their business. If you don’t have passion for what you are doing, you can bet it won’t be as successful as you want it to be. People with passion work harder and are more focused on goals than those who could care less about what they are doing. Passion is something that costs nothing and can be mustered up with the right attitude.

Action

The second thing you need to do to be a winner is to take action. You can sit at home and think about fantastic ideas all day. But if you never take action and motivate yourself to make things happen, nothing will ever happen for you and your home business. Successful home business entrepreneurs make things happen by their actions.

Attitude

Did you ever hear that attitude is everything? Growing up you likely heard that from your parents, teachers, and coaches. As an adult, the same principle is true. Your attitude can make or break you in the world of business. There are many examples. If you have a bad attitude, you will not be a success because no one will want to work with you and no one will buy from you. If you have a good attitude, on the other hand, then people will love working with you and will buy from you!

Faith

The last thing you need to develop a winning home business entrepreneur’s profile is to have faith. Many people can create ideas and winning marketing plans. However, they lack the faith and determination to actually believe their ideas are successful ideas. If you don’t believe in yourself, no one else will believe in you either. So, you have to keep the faith in your ideas, yourself, and your business. When you can have that faith that things will work out, then they usually will!

If you can find a way to develop these traits, you will be a success in your home business. Sure, these traits can be more difficult to find than money, for some people. But, they can be the difference between your home business being a success and it being a failure. So take the time to find out how to gain these characteristics. However, if you look inside yourself, you will likely find that you already possess them!