Think and Grow Rich – Mandatory Reading For the Home Business Entrepreneur

If you’re a budding or struggling entrepreneur and you haven’t read Think and Grow Rich by Napoleon Hill yet, I strongly recommend getting your hands on a copy and studying it in great detail. It’s a book to read and reread on a regular basis.

Hill’s classic book is the standard by which all other success manuscripts are compared. The book is a result of over 30 years of study by Hill on the habits and mindsets of fabulously successful people in the early 20 century.

Think and Grow Rich has sold over 15 million copies worldwide and continues to sell well today. It contains a literal step-by step process for achieving your business and personal goals. It will help you identify your goals, master the secret of true and lasting success, obtain whatever you want in life and join the ranks of the super successful. It’s not hype and fluff but tangible information you can put to use immediately to change or improve your fortunes.

Many of us have the desire to be entrepreneurs but most of us lack the specific knowledge that will lead us to the goals we set. Think and Grow Rich will specifically show you how to create the success you want by eliminating from your life all the things that are holding you back.

It will help you develop a mindset for success and show you how to leverage the knowledge of those around you who’ve already achieved success to help you reach your own goals.

The movie The Secret is all the rage at present and rightly so but a lot of the information in The Secret was documented by Hill in this book first published in 1937.

Do yourself a favor and get your hands on a copy. You’ll be glad you did.

Success Secrets of Small Business Entrepreneurs – 10 Tips For Business Success

Owning and operating your own business can be a liberating and exciting opportunity. Creating your own success and mapping out your future on your own terms is empowering. At the same time leaving the comfort of employment including regular working hours, benefits, and a consistent salary can often be discomforting, if not downright scary. For most entrepreneurs the desire to be independent and create your own life outweighs all apprehensions, but still comes with associated risks.

While there may not be a bullet-proof success formula that works consistently for every business, there are common characteristics that unite all successful entrepreneurs. Continue reading to determine how many of these skills and characteristics you have mastered as well as where you may want to focus on improving.

1. Positive outlook on life and success. Successful entrepreneurs tend to be optimistic, upbeat, and look to the future as an opportunity still awaiting. Big dreams are a common theme with successful small business owners and often what propels the individual and the business to its ultimate success. In conjunction with the big dream comes the necessity to break it down into smaller visions that can be clearly articulated, monitored, and measured. Many if not all successful entrepreneurs have great imaginations and spend time mentally visualizing success. This includes thinking about specific deals, transactions, and events that will ultimately lead to personal and business success. Clarity of purpose and staying focused on the task at hand are critical to achieving business success. The more realistic the visualizations and dreams the more likely you will be to achieve. Success is ultimately birthed in the imagination and mind and translated through daily actions inspired during those visualizations.

It is widely known you must “see it before you can achieve it.” Though business success ultimately lies in the physical ability to provide a product or service at a profit, the product, service, and ultimately the unique approach to these transactions are all byproducts of mental visualization. If you are an author, visualize your next book signing after your release has gone #1 and you’ve made it to the best-selling list. If you run an auto repair shop, visualize successful interactions with clients in which you deliver exceptional service and value during each transaction. Ultimately you must take whatever niche, product, market, service, and segment you are involved in and visualize how you will succeed at delivering value to the clients you serve while ultimately earning a profit. The most successful entrepreneurs out there visualize the success of the product or service in their mind prior to it being affirmed in the physical marketplace.

2. Passion = Profit. Personal passion is a prerequisite for any successful business. If you enter a business deal strictly looking to make money or achieve success and aren’t passionate about the business, the people, or the end result, you are severely limiting the potential outcome. Passion ignites enthusiasm in those that surround you; team members, clients, vendors, etc. Profits find passion in business regardless of the market segment. Passionate about auto recycling? As strange as it may seem other people are too. Embrace your passion and look for ways to share your excitement and knowledge about a specific product or service with others who share a similar interest. Embrace your love for the product or service you deliver and follow the path that ignites passion in your daily life. Passion provides the necessary motivation that ultimately leads business owners down a path towards fulfillment of goals and dreams.

3. Compensate for weakness and focus on your strengths. Most of us have been taught through the traditional school of thought – which unfortunately restricts our ability to succeed. Traditional thinking teaches us to be humble about our strengths and consistently strive to improve our weaknesses. Successful entrepreneurs often turn this mantra upside down. Instead of spending countless hours and energy attempting to develop skills you may never master – focus on what you do best and compensate for the rest. We are all gifted with unique individual talents that are expressed naturally in our day-to-day interactions. You may be good at writing, analysis, speaking, insight, relationships, painting, interacting with kids, animals, etc. We all have inherent traits that come naturally and don’t require long hours of hard work to achieve. That doesn’t mean we don’t improve with practice, but let’s face it, some of us are specifically better at things that others aren’t. Focus on those things that you do best and compensate for the things you don’t. Find team members that are strong where you are weak and vice versa and you will build a synergistic team that supports each other exponentially.

4. Failure is not an option. Successful entrepreneurs understand that failure is not an option and continually look for ways to succeed. Don’t allow failure to be considered at any level in the organization. Focus on success at all times and never let the possibility of failure take root in your mind or business culture. There will always be setbacks and learning lessons throughout any business venture and life, but find the opportunity for growth and success in every dilemma and challenge faced. All negative circumstances can be turned in to a positive and ultimately failure does not ever have to be selected as an option. Any circumstance can be re-framed with a positive twist no matter how bleak the situation may appear.

5. Prepare and execute the plan. Dreaming often comes naturally to entrepreneurs. Detailed planning and execution may not. In order to ensure success at moving from where you are to where you want to be, a detailed plan must be drafted and executed. Utilize the Merlin Method (“begin with the end in mind”) and work backwards from there. For example, if you would like to become the next Donald Trump, start with Donald Trump as the end result. Move back from there and make a list of the traits required to become Donald Trump. What relationships, transactions, business deals, and skills are required to succeed? Which of these do you possess? What items to you need to work on? Assess where you are at, who you are, and ultimately who you need to become to get to where you want to go. Formulate a plan that enables you to move down the path acquiring the skills and building the relationships necessary to ultimately arrive at the end result you are striving for.

6. Be dedicated! Successful entrepreneurs know that a business is similar to a baby in that it will require nurturing, attention, and caring, throughout its entire life. Different stages will require different levels of input and interaction. Make sure you are serious about and able to afford the time required to ensure successful implementation of your business plan. Long hours and hard work are often part of any phase of the business. If you are truly passionate about what you do none of this will really be negative. Remember to schedule time with family and friends, and most importantly for yourself. Though many hours may be spent caring for and nurturing your business, you ultimately are not good to anyone if you burn out before the business succeeds. Be conscious of how you are feeling and the work load you are undertaking. Being dedicated does not mean you are completely consumed by the business. When at work focus and commit to completing the necessary tasks at hand. When scheduled away from work – leave the business alone. Be dedicated to your business, your family and friends, and living a balanced life and you will be more likely to succeed in all areas simultaneously.

7. Build relationships and network. Ultimately it isn’t what you know – but who you know. We have all encountered this motto multiple times during our business careers, and it still rings with truth in every situation. Surround yourself with a competent team, board of directors, advisers, vendors and partners and continually look to network. Ultimately the people you meet during your daily interactions will be the ones that will buy from you, support you in delivering your product or service, or in supporting you personally in your quest for success. Opportunities will present themselves through the people you meet on a daily basis.

In business, you are judged by the company you keep – from your management team, board of directors, and strategic partners. Businesses always need assistance, more so small businesses. Maybe the lady you met in a trade association meeting can help you secure funding, or the gentleman you bumped in to at a conference can provide you with management advise. It is important to form alliances with people who can help you, and whom you can help in return. To succeed in business, you need to possess good networking skills and always be alert to opportunities to expand your contacts.

8. Desire to learn. You do not need to be an MBA degree holder or PhD graduate to succeed in your own business. Actually formal education is often inversely proportional to the amount of success achieved in small business. Curiosity and a desire to learn how to solve real world issues is what propels many business owners to success. Talk to those around you and find out what would best help the greatest number of people in your market and you will have found a winning proposition. It often isn’t about how smart you are in a certain area but more specifically how well you are able to clue in to what other people are telling you and how you can help them solve problems.

9. Keep the faith. The road to success will often contain detours and potential pitfalls. Keep faith in your original dream and vision and ultimately good things will arrive. Realize that one of the biggest factors in determining your future success will be in how you deal with temporary set backs. Stay focused on the ultimate end result and have faith in your ability to succeed. Setbacks are strictly learning lessons that ultimately teach you how to be better at what you are attempting to do. Each setback enables you to pick back up and potentially increase momentum in your business by utilizing the learning lessons from the experience.

10. Practice discipline. Thomas Huxley once said, “Do what you should do, when you should do it, whether you like it or not.” Do what others are unwilling to do and ultimately you will have opportunities that others won’t. Realize that you are on a mission that requires faith, commitment, and discipline. Find those traits and behaviors that support success and practice the discipline required to hone those skills day-to-day.

Ultimately if you possess or are able to master these 10 characteristics shared by successful entrepreneurs you will find yourself to be one of them.

Why Online Business Entrepreneurs Need to Choose Reliable Web Host

These days you will find many reliable web hosting providers. Even a person can sell practically anything on the web. The actual reason behind this is technology has developed significantly in recent years and provides the best services. And the continuous innovation in web hosting technology open the door for many opportunities in online business.

However, today’s entrepreneurs mostly demands inbuilt system integration, secure technology infrastructure, automation, etc. So today’s new generation entrepreneur view has more focused on technology and support services and it is ideal for rapidly increasing economies.

Today delivering enterprise level IT solutions to entrepreneurs of all sizes in proper time is a major task for all the hosting companies. Therefore website hosting companies must be committed to make the whole website hosting experience as simple as possible, including server set-up. Also they need to provide user friendly billing cycle process as simple as the purchase process.

Choosing the right hosting company is important because it can make or break your business. If you choose reliable Web Hosting company, you will surely enjoy many advantages. In addition, these days the cost of bandwidth is inexpensive as well. This will give you lead in business to stay longer period. Another thing is a hard disk capacity. It is always good to have some more, therefore make sure you purchase sufficient amount of web space for the Website.

If you choose a wrong web hosting provider and his technical support is terrible, problems can occur, especially if you have the videos or pictures, because it will take more time to load them up so it can be possible that you will lose your potential customers and visitors. Loss of profits is unavoidable if the server is down for long time since customers will certainly look for another online store.

However, each web hosting provider is different from one another; even the pricing, and services are vary from one another. Therefore, do some research before making any decision; try to evaluate each and every option as possible. The success of a company site is dependent on the reliability of the web hosting company, so this should be taken into account.

Bedroom Developer to Business Entrepreneur – 5 Survival Tips to Running Your Own Website Business

Consider the scenario: You are a bedroom developer/designer who over the past two years has built websites for friends, family and local business in your spare time and now you want to run your own website business. Undoubtedly this starting point is an exciting time, typically when one starts out in web design you are either creatively dominant or technically. Generally speaking for those who claim to be in the middle this is fine it just means when the time comes to delegate – make sure you know which side of the fence you will sit on.

Note: This is only applicable in the first year of running your website business – all shall be revealed in my later articles.

The web industry is a saturated marketplace however there is good news for the budding new bedroom developer or designer. Website and Internet development has only really been around for 30 years and if you compare that with industries like Steel, Mining, Catering, General high street retail etc… this is not a patch on their 1000+ year histories.

The fact is the “Industry Life Cycle” for website development and Internet technologies is still in its growth phase and showing little sign of maturing. The reason why I am telling you this is because by the very nature of its youth the continual release of new ideas and innovation will continue to thrive throughout your lifetime. There will always be new ideas, new trends set and new ways of doing things that others hadn’t thought of as well as the continual opportunity to do better than the next person.

The web industry is plagued with limited standardisation, have you ever wondered why there are over 8 internet browsers? Why does Internet Explorer 6, 7 and 8 all have their own interpretation of style-sheets.

Why, oh why? Can we not build a website to work on one Internet browser and it will not work on another. Well historically it comes down to the fact that Internet standards have never been properly enforced or advised.

In 1994 was the dawn of the World Wide Web consortium and from there on in, their initiatives have been the most respected and followed standards for website building as we know it today. (for more visit their website)

So where was I? Ah yes, the bedroom designer/developer – well like all businesses your number one asset to get new your business running is REPUTATION!

Reputation is earned and the better you can build on this reputation, then the better you are going to survive in your first years in business. The way it generally works is that if you do a good job for someone – then likelihood is that they will tell their friends and so forth and then someone in that chain will want a website.

So here are my core rules in first year survival for running your own website business or any business (for that matter):

Rule 1: When an opportunity comes to build a website or even just something small – make sure that your 1ST job is done really well, above and beyond expectation.

It sounds stupidly obvious but I can tell you – this set me aside from the competition I was facing in my first year. If successful you immediately set yourself up to have a referral or recommendation.

Rule 2: Make sure you know how much it costs you (in hours) to build a website! Work out your hourly rate and then get a price together. The single most criminal mistake by nearly all website developers and business owners I’ve met over the years is getting your price wrong and when you do get it wrong… IT HURTS!

Trust me – it only takes one difficult client, or someone who changes their mind and does not understand what you do and you’ll be working every hour God sends for peanuts!

Rule 3: Understand domains and the impact of changing DNS settings, many people do not have a clue behind the impact of a poorly configured/managed domain-name can have on their business. If you can demonstrate common sense and understanding this will give you confidence in front of clients and handling the ‘dreaded go live’ period.

Because if you get this wrong – you will probably find for all your hard work – you still have not been paid!

Rule 4: Make sure you receive some money upfront before starting – agree a fee and get somewhere around 40 – 50% upfront – this way you can cover your cost to build and you wont be out of pocket during the closing stages of completing the website.

I recommend you request the remaining 50% on completion for small website work and larger websites request another 40% on first delivery and a final 20% once all is done.

Rule 5: Take your time when estimating complexity and timescales – this is the single most criminal mistake by any web development agency, whilst it can be easy to make a profit building a website it is even easier to mis-quote a project and find yourself at a significant loss.

You should approach the work in stages and calculate the time required deliver each stage. You then need to add on a suitable amount of contingency, for example 20%.

The stages typically could be:

  • Requirements and Capture
  • Design & Prototype (this is two stages if the project is large)
  • Build / Code
  • Test – Includes cross-browser testing, dead link checks, time to load checks, validation and any other necessary unit and system testing methods.
  • Deploy – Time it takes to publish the website, configure the hosting and domain name, double check email contact forms, Google verify the site, setup website traffic monitor and publish the site map.

Your final price should reflect the time you estimate to accomplish the work by your hourly rate.

Building Websites requires experience and knowledge of Software development methods, for those who are serious I recommended reading about Software Engineering, development methodologies and understanding project management technique.

No matter how small or large your website project is, this will open your eyes to the disciplines of software/web system development and the hoops you need to jump through that will set your professional standards above so many others within the marketplace.