Tips For Growing A Successful Business

Everyone who starts a business hopes it will be successful, however two thirds of them aren’t.  Success requires a combination of personality, tenacity and hard work.  Here are some skills and characteristics you need to grow a successful business.

1. Be sure of yourself

People love and respect a person filled with confidence. Even if you are still getting on your feet or are not used to sales or public speaking, a collected and calm attitude will win many customers and with time, the confidence will come naturally and turn it into one of your greatest strengths.

2. Guard your Reputation

No one said anything in life comes easy.  If you want your business to succeed where others haven’t then be prepared to take the criticism.  Not every customer may be in love with your products or services and that is fine.

3. Never show a feeling of doubt or disbelief

Every successful businessperson has perfected the art of smiling even when the business is at the brink of collapse. Doubts and fears are inevitable in any business. What matters is that you retain confidence and be willing to seek external help, like borrowing loans and inspiring faith in customers and employees. Remember you are the leader, so you must handle disappointment appropriately.

4. Bear in mind that no man is an island

It is key to realize that however brilliant your choice of business is, you cannot do everything or run every part of it single handedly.  You need to delegate tasks that don’t make you money to your staff and focus your attention on what is making you money.

5. Manage your money wisely

In the beginning you may have to put most if not all of your profits back into your business, in order to buy inventory, pay staff or expand.  For example, don’t spend $100k on a business sign when you don’t need to. Guard those precious dollars carefully and leave your personal expenses out of your business accounts.  Get yourself a good accountant as soon as you can afford it to help you.

6. Have a business plan and goals

In order to be motivated and have a direction in the business, a goal is imperative. Set goals and standards and be prepared to do what it takes to achieve them. If you have employees, see to it that they share your enthusiasm so they too can help your business grow and thrive.  Here is a video outlining just why you need a business plan.7. Keep your business at the forefront by improving it

Never be complacent.  A good business is wonderful, but an improving business is better. Clients easily get bored of mundane services. Improvement could manifest in the form of new products or better service. Growth is good.

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Some Businesses You can Start with a Shoestring Budget

More and more people are choosing to take control of their own destiny and their financial future and starting their own business.  For some it is just a means of making a little extra cash while for others it is a way to escape the 9-5 grind working for someone else.  You may think that just because you don’t have a spare $100,000 sitting around in the bank that you can’t start your own business.  That simply isn’t true.  You can start a business with little or no cash.  You need some skills, a serious work ethic but here are some businesses you can start with a shoestring budget.

Cleaning Services

There are lots of people who would rather spend the afternoon getting a root canal rather than clean their own homes, others just don’t have the time.  In both cases they would happily pay a reasonable sum to have someone else do it for them.  This is a great way to make money on your own terms, you can work part time, and in most cases set your own hours. You can use the equipment and cleaning supplies that you probably already have in your own home.  If you are willing to work nights and weekends there are plenty of offices that need cleaning too, however you may have to invest in some special equipment for that.

Event Planning

Birthdays, Bar Mitzvahs, family reunions or a baby shower, all of it means a ton of running around for the person trying to host the party.  Most get bogged down in the details and would rather have a pro take on the job for them. This is where you get to step in and take over the planning and execution.  You can easily market your event planning business through a website until you build up a client base.


Are you good at English, science or math?  If you have been playing a musical instrument for years and would like to teach others, then offering lessons might be your thing.  If you have patience and like working with children you may enjoy great success as a tutor.  They will help keep your student’s attention. Look for parents and teachers and let them know that you are offering extra help in your chosen subject and it won’t take long for your phone to ring.

Freelance Work

If you have specialized training or a special skill then consider working as a freelancer.  If you can do accounting, build websites, graphic design or create computer applications then your skill are in high demand.  There are plenty of freelance websites such as Upwork or Freelancer where you can register and create a profile.  You can bid on jobs and once you have some work under your belt, you will have people coming to you.

Don’t be afraid to take the leap and start creating your future.  Being an entrepreneur is one of the most rewarding things you will ever do.