READY TO START YR OWN BUSINESS?

Learn 8 personal qualities needed to become

successful entrepreneur.

http://helpamericaspeople.com/WP/

Now’s the Time to Become Your Own Boss
The mission of this blog, started by the Founders of www.helpamericaspeople.com is to provide you, the burgeoning entrepreneur, with the most current and useful information, research, tips, tools, techniques, advice, etc. about starting your own business.

 The 8 Personal Characteristics You Need to Succeed as an Entrepreneur

1. Passion
2. Perseverance
3. Patience
4. Flexibility
5. Timing
6. Decisiveness
7. Planning
8. Work/ Life Balance

7. Planning

A vital step on the path to becoming your own boss is to develop a business plan.  If you’re groaning at the thought of the ominous task ahead, you should know that many successful business plans have numbered fewer than 10 pages. 

 If you have a good idea, the pieces will fit together into a sustainable business model.  The quality (creative, innovative) of the idea is the operative word, not the number of words in the business plan.

 Think of your Business Plan as a Roadmap.  Would you take a trip without a roadmap or your GPS?   If you don’t have a Business Plan, you don’t have goals, timelines and budgets.  You may have a final destination – Success – but, without a business plan you have no roadmap to get there.

Below are a few tips to follow when developing the most important element of your Business Plan:  the Marketing Plan.  I strongly recommend that you spend the most time on your Marketing Plan. 

•  Set specific marketing goals and timelines
• Know your target audience (s) thoroughly
• Research and select cost-effective media vehicles to meet your goals, i.e., e-mail marketing, search engine marketing, direct mail, advertising, special events, public relations, trade shows, and more.
• Set the budget to meet your goals
• Monitor results and make adjustments

 Doing your homework, which includes extensive research and due diligence, is a prerequisite of creating your business plan.  Just don’t forget (as discussed  in Timing), you will need to effectively move from the Knowing stage to the Doing stage.  Action-oriented individuals trump dreamers every time. 

 Suggested Reading*:  Awakening the Entrepreneur Within: How Ordinary
People Can Create Extraordinary Companies – $18.96

The Business Start-up Toolkit – $30.36

*HAP receives a small commission from the book seller.

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