Many aspects of the business world can be on the heavier side of boring, tedious and seemingly never ending. Perhaps that’s why approximately seven out of 10 new businesses fail: a lack of experience, planning and realistic expectations. There are, however, some plans of attack that budding entrepreneurs can enact that just might minimize your chances of letting your businesses sink into a tar pit of failed hopefuls.
We have a tendency to be our own worst enemy when it comes to reaching for the sky and achieving our dreams. That’s why the planning and visualization stage is so important. Motivational force Jack Canfield proclaims “the daily practice of visualizing your dreams as already complete can rapidly accelerate your achievement of those dreams, goals and ambitions.”
Canfield goes on to explain that visualization activates your creative subconscious, positively programs your brain and builds your internal motivation.
Give Back, Give Thanks
Call it karma, call it a tax break, call it whatever you want, but when it comes down to business success, when you begin reaching your goals, you should begin helping others reach their goals. While it may seem a tad altruistic to suggest giving back when met with success, it also helps build your brand through recognition and association with positive forces, boosts SEO and, of course, helps those in need. Companies such as Fortune Hi-Tech Marketing, Lowes, Bank of America and Fannie Mae have made considerable donations and effort helping build lives for those who have lost theirs.
Realistic Goal Setting
The No. 1 reason most small businesses fail is a lack of experience. Although most start-ups don’t have the luxury of employing world-renowned business gurus, there are ways to plan and prepare your new business for all the hills and valleys that are sure to come ahead. It is recommended that you save at least 12 months of personal living and operating costs, followed by rough five and 10-year plans. In the mean time, become an expert in your field, find out what your fiercest competitors are doing and create a case study to learn and improve upon. Follow brands like Zappos, FHTM, and Ford on Twitter, Facebook and LinkedIn to see how successful companies in different industries take advantage of social media to connect with their customer base. Goal setting means a constant thirst for research that leads to your dreams, with the understanding that malleability is a given.
Stress Less, Do More
When you’re stressed out and someone tells you to “relax” and don’t stress so much, it feels like the equivalent of someone staring at you from the shore of a tar pit while you sink in. A part of you wants to punch them in the face, and a part of you knows they’re right. Unfortunately, getting lost in a sea of numbers on the road to building your empire can often have an exceedingly stressful effect on business owners. In fact, Hartford Business shared a survey that revealed 60 percent of small business owners feel their anxiety is on the rise, and their stress is mounting, according to HartfordBusiness.com. Taking action against the source of the stress is the only way to combat it. When you’ve started your business and begin dealing with the realities of the entrepreneur’s daily grind, it’s essential that you don’t let worry petrify into inaction.
This is a guest post by Amanda Lee, a real estate agent who also found a niche as a business consultant for bring-your-own-device (BYOD) products, integration, safety and policies in the workplace. She also consults companies on how to adopt cloud computing solutions.