Ten Point Plan For Entrepreneurial Success

In surveys conducted at some of the major universities in the United States students are asked what their top career choice is. They seldom list becoming a doctor, lawyer, or even becoming president of the United States. Becoming an “entrepreneur” is consistently the top career choice of most students.

Surveys of working men and women consistently show that one out of three employees want to be their own boss.

These results overwhelmingly show that today’s frontier of freedom is running your own business.

So what’s stopping people from starting their own business? The answer is simple: people don’t know how to be an entrepreneur. They feel it’s too risky. Well everyone one of us takes risks every day in every part of our life without even realizing it. With all the downsizing, outsourcing, and layoffs there is certainly no job security working for any business today.

The fact is that starting a business today has never been easier or more affordable. Because of the Internet you can have a business up and running in a matter of days and be able to reach hundreds of thousand of potential customers around the world.

Here is a ten point plan for entrepreneurial success that has never failed me. Yes, I’ve had businesses that have failed and when I look back at those failures I always find that I didn’t follow one or more of these points.

1. Choose the right business. It must be a business that you are interested in and in a field where the sky is the limit.

2. Have a vision. You must be able to see every detail of your business. How it will look and operate. Most importantly what it will look like when it is finished and you are going to sell it for a handsome profit.

3. Set goals and make plans. Set written short, medium, and long-term goals for where you want to be. You must make detailed plans on how you are going to achieve each one of your goals. Most people spend more time planning their summer vacations than their careers.

4. You must have a business plan. You plan needs to include detailed plans for financing, marketing, and management of your business.

5. Get out of your comfort zone. You’ll never make money in business if your life feels too easy.

6. You must be persistent. Success doesn’t happen overnight, it takes time. The most successful entrepreneurs have had the most failures, but they never gave up until they got what they wanted.

7. Be positive. Don’t listen to all the negatives. You’re going to hear your friends and relatives tell you that it won’t work you can’t do it, and just get a job. Don’t listen to them!

8. Develop your ambition. Always try to move to the next level in your field.

9. Listen to good advice. Educate yourself every day by reading business magazines, books, listen to business and motivational audio programs, and regularly attend educational seminars.

10. Be disciplined. Don’t let distractions get in your way.