Starting A New Profitable Business

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!

Conclusion

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.

The Age Of Bitcoin

The Age of Bitcoin is Here…

First the was the bronze age, then Iron came along.  The Philistines had Iron and one swish with a Philistine sword and the Children of Israel saw their bronze swords chopped up like sliced beans. Then there was the longbow and warfare changed.  Gunpowder was the next game-changer and so it went on.

In England for example, it happened with transport, when the industrial revolution arrived.  To overcome the limitations of the horse-and-cart, a large network of canals and barges was developed to ship the raw materials for the pottery factories, etc. Just 35 years later, they were rendered irrelevant by one innovation. The railway.

I could go on and talk about  penicillin, airlines, splitting the atom, and the Internet, but boredom could really set in.

The Crypto-Currency Age

We are at one of those tipping-points in history right now and people looking back from the future will decide which type of people we were. Crypto-currency is now one of those watershed inventions that defines an age such as “in the days before sailing ships or electricity”!

In each of these epochs, new and innovative technologies have  had radical social and commercial consequences,  completely unexpected or anticipated by the population at large.  New things and discoveries are often misunderstood, feared and opposed by the very people who most stand to benefit from them.

With all these great new developments there were always a few visionaries, early adapters or pioneers who embraced the change,  and greatly benefited from it, some of them becoming extremely wealthy in the process.  Examples are J.P. Morgan, Westinghouse Edison etc.

Bitcoin

The most popular and best-known of these new currencies is Bitcoin, which has a very sophisticated but simple to use security system (called the “blockchain”) that ensures payments can be made safely for both parties in a transaction.

People are divided in their opinions about its value and usefulness. Some are fearful about it’s safety, some about it’s ease of use etc. Others are embracing it, and using it to purchase items online and and  setting up their businesses to accept payments in Bitcoin. This latter group ranges in diversity from  Governments such as the Switzerland, Japan and Malta; to charity groups such as Greenpeace and even fast-food outlet Starbucks.

One thing that is certain, is that this new electronic phenomena is here to stay.  Putting  our heads in the sand and ignoring it may not be such a good idea.

There is also another group who are quietly taking advantage of the laws of supply and demand and investing and trading  in Bitcoins. The demand is greater than the supply (by design) and so the price of bitcoin is rising.  One bitcoin, at the time of writing this is worth $1746.45.   The increase in value of Bitcoins has been spectacular.

bitcoin price growth
Bitcoin Price Growth

 

 

 

 

 

A small group of people are generating large wealth by “mining bitcoin” – (see Wikipedia) ,  by trading bitcoin on various market exchanges and platforms, or by joining a trading co-operative which trades, and then shares the profits on a daily basis with the investors.

No matter what your views currently it will pay you to educate yourself about Bitcoin or you may find yourself seriously at a disadvantage in the future.

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