I’m sharing this story to help everyone with great ideas understand taking a product from the mind to the marketplace isn’t easy, and it’s fraught with peril. There are many scammers out there waiting to play on your inexperience and enthusiasm often costing you a significant amount of money and leaving you with nothing in return.
One of the biggest mistakes new business owners often make is not charging enough for their services. Sometimes it’s because they don’t understand their cost structure, and sometimes it’s because they are so desperate for the business that they’re afraid to charge more. Regardless of the reason, charging too little is not a good idea. It will not bring you more business and it may actually drive business away.
Do you ever wonder why some businesses flourish while others flounder? One of the biggest reasons is a lack of knowledge of the critical business fundamentals that it takes to grow a successful and sustainable business. I work with small business owners just like you, and most of the time when a business is struggling there’s a weakness in one of key business fundamentals. Here are the six business mastery fundamentals you need to know to unleash your business success.
Ever wonder why some people seem to get ahead in business while you struggle? It could be a result of their after-hours activities. Seriously! What you do after work could be as important as what you do doing your work day.
“The fastest way to succeed is to double your failure rate.” Thomas J. Watson
No one likes to fail. So when you start your own small business and it doesn’t work out, it’s a difficult pill to swallow. I know because I’ve had my share of business failures. After sacrificing so much of your time, energy, passion and resources, a failed business venture can make you feel like crawling under the covers and never coming out again.