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James Donaldson’s Small Business Entrepreneurial Tips: The Main Factors of a Successful Venture

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Business photo (2)Greetings everyone!

I wanted to start your week off with some more tips about being a successful entrepreneur. I find that “keeping things simple”, is almost always the best approach and everything we do in life. So many times we “overcomplicate” things, and we end up with a jumbled mess of “too much information” that we can’t do anything with, or just bogs us down with the time-consuming although that information, adding into our procrastination of getting up and going.

One the things I love about our online marketing business click here, is the fact that there is a whole team of professionals, behind the scenes, who are there to help us with every aspect of the business. There are coaches for us to work with as often as we want to, there are tremendous business resources for us to market and to earn tremendous commissions from, there is even a team to follow up with all of our potential prospects, so we don’t even have to do our own follow-up and contact people.

I’ve always believed in the T.E.A.M. concept, which is an acronym for “together everyone achieves more”.

So here are some tips for today I wanted to share with you, and in the next couple of days, I am coming to you again via video, the share even more tips.

Enjoy!

The starting up of a business brings upon some significant changes in the business owner’s life:

  • the permanent financial freedom,
  • flexibility of schedule,
  • satisfaction of making one’s life fulfilled- irrespective of making the business grow into a mammoth structure or just keep doing what you like to do and earn your living.

Beside the excitement of new ventures arrive the challenge of wearing too many hats- strategic planning, marketing, sales, production, customer support, accounting and financing. Even if the business is small the tasks are huge.

Whatever might be the field, the main factors of a successful venture remains the same-

  • a good idea,
  • an effective marketing plan that is not hugely expensive,
  • efficient operation.

Ideas

A proper business idea is crucial for the success of the venture. Firstly you must be passionate about the area of work. Secondly you must posses enough knowledge, talent and experience to stick on. Finally, choose a business that’ll yield small and steady income without heavy investment. This will eventually support you and your family. Some ideas that can be considered are- freelance writing, online marketing, web design, book keeping etc.

Promotion

Basic tool of marketing your product and services would be distributing business cards. You can design the card yourself by using different business card templates but it would be wiser to spend some money and let a professional do it. As little as 20$ will get you 500 cards.

Color cards are a bit more expensive. Next step is to build a website which will allow the prospects to view the information 24 hrs 365 days. Around 50$ is the cost for web holding per year. Another 80$ more would get you two simple web pages. If the internet prospects look good, then spend $50 on pay-per-click (PPC) online ads. $50 on PPC will bring you more customers and also generate revenue.

Operation efficiency

Running the business (marketing, sale, production etc) takes away all the time for small business owners. They don’t have time (or knowledge) on strategizing the expansion of the business. The result is that they either remain a small venture or get wiped out if there’s a drastic change in the market.

Operation efficiency is even more required in smaller ventures than in established farms.

Some methods of improving operation efficiency-

  • streamline business process,
  • utilize productivity software,
  • outsourcing and etc.

Business photoSome thing like- hiring an accountant for tax returns and bookkeeping, a collection agency for debt collection etc should be done. Always spend time in expanding your business.
Just wanted to remind you also that I’m adding more and more people to my email list everyday, and so, at some point you will see some redundancy as I get the new people caught up to where we are now.

I still want to strongly encourage you to click here and submit your name and email address so that you can get underway with the 21 step program that will really help you greatly on your way to financial freedom and be in your own business owner.

There’s still plenty of time for all of that, but just remember, that each day delayed, is a day that you could have been making progress toward your ultimate goals. 

Have a wonderful day, as I plan to do as well!


To your good fortunes!
James Donaldson
Former NBA All Star and Small Business Entrepreneur

 

READ LATER - DOWNLOAD THIS POST AS PDF >> CLICK HERE <<

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