Saturday, May 7, 2011

How To Run A Business: 5 Key Factors For Success

Stay Motivated
Motivation is the energy source for your business. Like a car running on gas - without it, you won't go anywhere. You may know how to make millions of dollars off an idea, but without the drive and vision necessary to succeed, you won't. Stay motivated and stay focused on your goal!

Work - Hard
You will always have to work hard to be successful. Whether you're investing in the stock market, or selling beanie-babies on Ebay, it will require some hard work in order for you to achieve your goals. You miss out on awesome opportunities to make money when you're lazy.

Fail...and Fail Again
Failure is not only a guarantee in life, but it is also a necessity for you to be successful. Failure may seem awful at times, but truthfully, it teaches you things you just can't learn from textbooks. When you make a mistake and fall on your face, you learn how to avoid that problem in the future, thus creating an easier less bumpy road to success. People say there are two things guaranteed in life: death and taxes. Here's one for you: failure. Learn from failure, and be better next time.

Don't Procrastinate
When you see a problem, destroy it immediately before it gets worse. Tiny errors can cause mass destruction in the future if you don't get rid of them. Don't let small problems get in the way of your vision.

Be Willing
The difference between winners and losers is will power. You have to be willing to do what it takes to make it to the top. Anyone can take step #1 - but who's willing to take step #2, 3, 4...10? Not many make it that far. The reason can be because of stress, self-doubt, or even laziness. Be willing. Take the next step, believe in yourself, and live your dreams!

What do you believe are some important factors for success? We'd LOVE to hear your thoughts in the comments below! :)

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