7 Keys To Starting A Profitable Business From Scratch
Whatever business or Industry you are in and no matter how experienced you are, there are 7 key elements found in every profitable and sustainable business.
Most businesses will fail within the first two years, and it’s because they are lacking one or more of these 7 keys.
Now, these 7 keys are not something I made up just for this article.They are based on my experience and those of thousands of business owners who have personally used these as the foundations to create millions of profitable businesses that are still successful to this day.
Read on to discover how to bypass many of the pitfalls that cause most businesses to fail & the simple secrets of those that succeed.
Key #1 – The Right Mindset
Most beginner marketers think about business completely wrong. It’s not their fault, they were taught to think this way by others. If you bring the mindset that you learned in school & in your job to start a business, you’ll almost certainly fail.
The most debilitating mindset you can have is approaching running a business like having a job. It won’t work. It’s a completely different paradigm of responsibility that requires a different mindset.
Do you have the right mindset for business success? This is a common denominator you will find among successful entrepreneurs. Find out now by getting free access to my friend Terry’s course, “The Laptop Economy Mentorship Program”.
Key #2 – The Right Niche
Many people have a lot of misconceptions about niches. Niches aren’t chosen and they aren’t what you want them to be. Niches are discovered and developed.
If you don’t pick the right niche, nothing can help you.
Not all niches are created equal and when it comes to creating a profitable business, you must take time to understand what your niche truly is, not just what you think it is or what you want it to be.
Key #3 – The Right Product
Here is where the rubber meets the road. If you want a successful business, you must have something that people will pay you more money than what it costs you to produce it.
Not only that, you need a product or service so that when the customer buys it, there’s so much value from it that they feel they’re getting the better end of the deal.
In my course, you’ll learn how to choose your first product to sell, what to do if you’re starting from scratch and don’t exactly know what you’re going to sell yet, and much more…
You can join for free here. (Link)
Key #4 – The Right Marketing
If you think marketing is about getting customers to remember you, you’re in hot water already.
The number one priority of marketing is getting people to take action. Having the right marketing means having the knowledge and skills to inspire and move people to take action.
One of the strategies I teach is to give your prospective customers everything they need to know to make a decision. I see so many new businesses who are not thinking like a customer and don’t do an adequate job giving them what they need to purchase a product.
Key #5 – The Right Focus
When new businesses fail, it’s often due to the owner’s lack of focus. From multitasking… to not focusing long enough to get true momentum… to getting interrupted by a cell phone or email. There are many pitfalls that prevent people from being laser-focused on making their business a success.
This has been one of my most effective personal skill-sets for dealing with the various challenges of life while handling multiple businesses.
As the leader of your new business, you must train yourself to focus first on the high value work. Expect it not to be easy! there will be resistance. If this was easy, everyone would be successful in business. The good news is mastering your focus is very possible with the right knowledge and skills.
Key #6 – The Right Actions
Success is all about action and learning from the results of action. Speed of implementation is one of the most critical factors that separate successful businesses from failures.
Winners act now. Shoot for great, not for perfect, because done is better than perfect.
The majority of people are not taking action on their ideas, the things they learn, and the opportunities that come their way.
Key #7 – The Right People
This is probably the most important aspect of creating long term business success… and that is… the RIGHT PEOPLE.
Your path to real business success is only possible with the help of many people. You simply can’t do it all yourself. This means attracting the right people, and keeping them around, is critical.
Most of my team members have been with me for over 5 years, some even 10 years!
When a business has these 7 keys it will be, successful, profitable and sustainable. My hope for you is that you can short-cut your success by focusing on the less “shiny” aspects of starting a business and learn instead what works.
Now that you know these 7 keys are, I’d like to offer you an in depth training completely free.
I will take you through each of the 7 keys and give you the strategies mindsets, tactics, and even some of my “secret weapons.” Each video is accompanied with exercises and downloadable versions of the audio and video so you can get implementing right away.
No Action, No Results!
This is for action takers like you who don’t want to waste time and money chasing the wrong things.
Now, checkout the
Free Laptop Economy course and get started working on your future.