Tips on Success

Pursuing the dream of owning you own business? Nothing like taking control of your future.
However a great product alone doesn't assure the success of your business.

If you want to succeed in your Internet business, you need to understand the fundamentals of business.

Let's explore 10 of the essential business fundamentals.

1. Passion: Big mistake... Starting a business to earn money alone. Your chances of success increases when do something you enjoy. It creates excitement and keeps you enthusiastic and motivated to stay committed in the long run.

2. Profitability: While passion is important, your product/service needs to produce an income to support both your business and personal obligations. Take time to research your market's willingness to pay for what you offer.

3. Start up Capital: Cash shortages will put additional frustration and tension on you especially if personal responsibilities loom over your head. You need enough capital or access to it when starting and growing your business.The Internet enables you to start your business part time while retaining your job or full time income.

4. Time Organizing: The most critical and often overlooked fundamental. Especially for the small self employed business owner. Knowing how to organize your time gives you the ability to run your business and maximize your profits with less effort and time.

5. Well Organized: Use systems to provide consistency in marketing,provide top quality service, client follow up, tracking expenses and earnings and maintaining required record keeping.

6. Business and Marketing Plan: So many of my clients ask for help because their business isn't working. They never took the time to develop a comprehensive business and marketing plan. Your business plan tells you where you are going, how to get there and will keep you on track.

7. Prepare: Successful business investigate and stay aware of the laws and regulations effecting small self employed business owners both online and offline. It's advisable to hire somebody to see that you are compliant in all areas of your business

8. Integrity: Build your business on sound values, principles and ethics. Put it in writing. Make decisions easier and improve business performance. Stay responsible to commitments made to your customers and employees.

9. Person of Action: Taking action to do what you have to do even when you don't want to do it. Action produces results. Perfectionism and procrastination destroys the success of any business. In the words of Nike... Just Do It.

10. Teachable: A wise entrepreneur receives free and paid advice from other people. Using other peoples knowledge will make your business successful in less time. You cannot do it alone.
Don't wait until your business runs into problems. The best time to hire a coach or mentor is during the early stages. You can also find the information you need through books, articles and courses. Often life gets in the way of implementing the information you learn. A coach or mentor will hold you accountable to succeed.

Set yourself and your business on the road to success by incorporating these fundamentals into your life.

To become more successful go to http://www.jorgearguello.com and join the newsletter for more advanced techniques.