Starting a small
business and becoming successful is often part of our daily dream. But there is
a difference between starting a business and building a successful business.
Many businesses fail within the first few years of existence due to the lack of
planning for the long-term. There is not enough vision and there is not enough
done to strengthen the business properly from the ground up.
If you want
to start a business there is an easy way to get a better understanding of why
some businesses fail and others don't. When starting a business think about it
similar to building a house. If done right it is protecting you against any
kind of storm or danger of the outside world and will last for a long time. It
offers shelter and protection. For you and your business that could be
translated to that you want to have a business that is able to weather
economical ups and downs turbulence and that will provide income to pay the bills
(shelter and protection).
When
building a house there are several different steps you need to follow to have
the house built. You know you want a house, but you got to pick a location and
get an architect to plan everything out. In the business world that would be:
you know you want to start a business, but you have to come up with a business
idea and work out a business plan. The next thing for the house would be to
build the foundation (and eventually the basement) for the house. In the
business world - you got to build the initial infrastructure (example:
connecting with vendors, find a manufacturer for your product, create a sales
team, rent office space, get a delivery truck, etc.). Once that is in place you
will be able to actually do business and earn some money. But you are not
completely done yet. You need to build a frame, put in windows and you also
need a roof on house. For your business this means that you pay off debt,
improve business processes and get professional help when needed (example: find
a corporate Lawyer, select an accounting service, etc.). You can get FREE BUSINESS TRAINING HERE...
Once the
house is built you probably want to fill it with furniture and make it livable
for the future. Nobody wants to sleep on the floor, right. Again translating
this to the business world it could mean
