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Thursday 10 January 2013

Seven Ways To Be Business Tycoon

1. Commitment to the journey - Here is what I believe is the number one key to success for an entrepreneur. Are you committed? What I am trying to say is that in all of my observations, and from my own experience, I find that the journey is always the same. It's a long road of self examination and improvement, skill examination and education. It's making judgment calls about people, things and situations. You continually correct the "course" until you are headed in the right direction. To trust your gut, to keep the faith, to make it through tough times, takes practice. The question is can you stick it out? Do you quit because the money is low? Do you quit because you can't find the right people? When do you say it's over?


2. How you treat people -- I believe in this. I don't think you really have to right to abuse people. Some people think that certain groups of people are okay to abuse. I am not speaking from a standpoint of race here either. These people think that it's okay to abuse "the help" i.e. countless waiters and waitresses, assistants, maids, children. They also think it's okay to abuse what they deem "fat people" or people they believe are "ugly". They believe it's okay to treat "telemarketers" with disrespect when these are just people doing a job (I'm not talking about rude or abusive telemarketers either!). I believe that the golden rule is truth that still stands, because truth will always stand.

3. Love and caring for yourself - Here is a simple analogy. When you board a plane you are treated to a demonstration of what to do in case the oxygen masks drop from above. The first instruction is to put your mask on first. This is especially important because if you don't take care of your need first, you will not be able to help others and that includes your children, your spouse or anyone else. How does this relate to business? Create the situation that best helps you first. Put yourself in a position of power or at least close to the ear of power. Do a great job, first for you. Excel for you. Then assist others, speak up for others, do for others.

4. Education and constant re-education -- I am not talking about college degrees here. Though they are a great start, you must continue to educate yourself. Take part in seminars, read everything, surf the net. Even when you think you've got it, press on.

5. Open mindedness to new technology--This relates to number 8 but in a business capacity, it is even more important. A pencil and paper may be your preferred method of working on finances, but you had better know a few things about technology or you and your pencil will be left behind. Sure you can hire others who know, but what you don't know CAN hurt you. Read! You can learn so much about anything by reading. And if you were tech savvy you would know the internet is the greatest addition to the library in regard to learning about everything!

6. Open mindedness to new ways of thinking. How many times have we seen people, throughout history, hold on to what they believe is the ONLY way to think, to find the world moving on without them? It was generally thought the automobile would never catch on; after all, weren't bicycles and trains more than enough? It doesn't mean you have to change your way of thinking or embrace it, just examine it, educate yourself about it and recognize that it may be here to stay


7. Letting your gut-instincts keep you safe

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