Are you thinking of
a small business and need to know how to prepare yourself to be
successful in that business. Below are five essential steps to
developing your launchpad for small business success.
Make the space for your Business
Make the space in your time, in your family and in your life.
Start this off by making the physical space. At least get a file
and write on the front in big red letters
Success, then a filing cabinet and, better still, a separate
room with a desk, filing cabinet, a whiteboard and/or notice
board and your own sound system, some lush green plants and some
posters on the wall. Keep this room organised. Get your family
involved. It is going to affect them so get their involvement,
commitment and support early. Their input, understanding and
support will be invaluable, if not essential.
Clarify your business vision
What do you really want to achieve with your life and how does
your family feel about this. Do you wish to make lots of money,
employ lots of staff, develop innovative and useful product,
provide a career for family members, travel a lot, meet lots of
people, stay fit and healthy, make the world a better place to
live, become well known. Remember that your business is only a
vehicle to achieve your own personal objectives, not an end in
itself and it is only one of many vehicles you have to
Think like a businessperson
While your professional or technical skills or your ability to
work hard and put in long hours is valuable they are not
sufficient to enable you to survive. So,
think of yourself as a
businessperson not as a technician. You need to realise
that the actual income producing work of the business is only
part of the work that needs to be done. The businessperson is about how you
can make the best use of the resources you have at your
disposal. It involves your ability to develop systems, to
communicate with and motivate your staff and your ability to
plan for the future to research the market place and understand
the real needs of your clients.
Develop your knowledge and your skills
How are you going to update your knowledge of your industry and
of management generally? How are your skills for: bookkeeping,
understanding and using financial statements, marketing,
staffing, negotiation and meetings.
It is also important to develop non-business skills. This
provides you with an enjoyable challenge and an interest outside
the business as well as the opportunity to develop creativity by
looking at things from a different perspective. Any learning
helps develop the brain and makes you a more effective thinker.
Develop a personal maintenance plan
The health of your business is directly related to your health.
What is your plan to ensure you have sufficient sleep, adequate
exercise, enough time out for relaxation and a
Business Success Summary
be fun. The fun is where your motivation and energy will
come from. Your long term fun will be enhanced when you
have a focus and a plan to reach that focus. Read the
steps to grow a small business it
will provide and outline for things you need to do.