Part One: The True Facts About Starting Your Own Business

In this article, you will find some facts about starting your own business. Whether if you're a working Dad or Mom? Knowing what works and what doesn't. Plus, knowing what to look for. What will be provided is just some information that could help you on journey towards building wealth or becoming financially free. Most people have succeeded. And most haven't. A dream is a dream. A pursuit is a pursuit. Which one of these that you choose will be your choice. To find out more? Click bottom ↓

Starting Your Own Business Is Not Easy

Everyone thinks that, starting a business is easy. It's not! Starting a business takes time and effort. Like

always, its not a "get-rich-quick" scheme. A good business is planned before it ever takes off. To run a business is like managing a sports team. In order for you to succeed in working for yourself. You need to hire coaches. Yes, coaches! Reason being, before you create a solid team, you need coaches to organize your team. To direct your team where your business wants to go. Whether if its up or down or side-ways.

You as a business owner, have to plan the direction of where you want your business to grow. Most business owners create their roots before they ever rise to the top. If you go deep, you can go wider. More importantly, as a business owner, money shouldn't be the focal point in your business building. Profits will come in as soon as you have your team and players to execute them. And its the players that attracts the attention of your customers. So, a player would be considered as a product towards your business.

You have to draft good players or products to make your business grow. Then you will be able to compete.

Once you train your team and prepare them for each and every opponent that your business will come across. Your business will have a chance of success. Remember: "mistakes is costly." So, you have to prepare for mistakes. When you have corrected those mistakes, your team knows what to do when it arises.

Making Money

In every face of business, money is always a problem. And it shouldn't be. If money does become a problem, then there was no plan to solve it. If you have coaches who are coach-able and teachable in your organization? Your business will prosper. No doubt about it! In each and every Multi-Level-Marketing company that there is, they teach you to become a team player. They teach you to be coach-able and teachable. If you are comfortable in being coach-able and teachable?

Then your chances of success will be great. More importantly, the knowledge that you gain will become your asset into building a successful business. In today's age, society has brain-washed every individual on this planet that they should get a good education. But, the truth is, self-education is the key. Remember: "Self-education is key" If you don't educate yourself, then you won't achieve what you want. Furthermore, you have to surround yourself with the right coaches that will direct you towards your dreams or goals.

Influence is the Better Offer

To become successful in any venture that there is. If you surround yourself with the right people, you will be lead towards the right path. If you surround yourself with the wrong people, you will be lead towards the wrong path. It's just common sense! Yet, "common sense is uncommon." or "common sense is not common." Either way, to make sense of all of this, is to train yourself to change. If you want to become a successful entrepreneur you have to change. You have to change your style, your intellect, even your environment. 

Furthermore, many people don't like change. But, the funny thing is, if you notice people who have brand new cars or a new cellphone. Chances are they like change, change to them is good. And if you look at yourself, list all the new things that you bought over the year. You will be surprised! You will start to see a change in your life. All you have to do, is to adjust with that change and extend it.

No one will make you better, only yourself can make you better.

Over the years, everyone is finding a way to make themselves better. Why? There are two reasons, may be more. But, for two reasons, one: they want to better themselves because of a life-change. two: they want to better themselves because of their dream. Sometimes this is not always true. But, its just some of the things that people look forward to. Whether if it's a life-changing event or a dream, there is a purpose. And what drives that purpose, is; the self. Look at yourself in the mirror?

What do you see every morning when you wake up out of bed? You see yourself, right? Most people don't see themselves. Some of the reasons, is that they're either tired of being sick and tired. Or tired of being broke. Tired of their job. Or worse! But, the fact that remains is this. You, only you can make a difference in your life. You, have to choose the people that you want to be with. No one else! But, you.

The Pursuit of Happiness

What this means is; how we pursuit life to make us happy. A pursuit is an action. The action that we make that causes this to happen is what drives us toward success. Some people are drawn by desire, need, want or dream. Yet, out of these, there's a pursuit. An action that is taking place. Put it this way, if you wanted that new bike when you were little? You did anything and everything to get. Right? Of course! Why not?

If whatever it was that made you want it, made you happy. In the beginning, it starts off as a desire, a want, then a need, soon you dreamed about it. Now, you have it. This is the simple process that goes on when you are on the point of becoming greater. Once you make a decision to change. You would do anything to get it done. You did it without fear.

When we decide to pursuit something, most times we don't think about it. Most times, its done. The cause is by doing. And doing causes the action to take place. That is; "The Pursuit of Happiness." The moment that your brain tells you that it is time to move on. That is the pursuit of happiness. Your body and mind will tell you when to change. And you have to be brave about it and chance. There is no room for second thoughts, just doing it. Like for example; writing this blog was caused by a desire. 

That desire was to help people who are seeking the chance to better themselves and make a better living. The want arose from that desire, which caused to design this blog. The need followed the want, to be able to share information and an experience to others. Then the dream, dreaming about it the night before made this possible. Now, you're reading this for the first time. Whatever you decide in life, write it down, think about it. Focus on it. Chances are, it will materialize. As you may be reading this, there isn't any income that is being received. This is for your benefit. 

Cash-Flow!

When you start your business, its all about cash-flow. Whether it be from private lenders to customer purchases. Cash-flow is the next part that you have to learn when you are on your journey to becoming an entrepreneur. Not that much of people have solved this on-going equation. Some may have the answer, but they don't want to share it. And make it into a secret. Only a few will be able to grasp it. Cash-flow is essential. Cash-flow is the only way a business or your business will be able to sustain itself.

Meaning, without cash-flow, there is no growth. Most of the time, cash-flow can make you or break you. Sometimes cash-flow can mean expenses than profits. But, in the business industry, cash-flow means: profits. Thus, in today's society, there is a trouble with cash-flow. By looking at the illustration, it is simple to see how cash-flow really is. Yet, once there is a leak, you have to find it and fix it. If you don't, you will be left with a huge debt before your business ever have a chance to take flight. In definition:

Incoming's and outgoings of cash, representing the operating activities of an organization.

In accounting, cash-flow is the difference in amount of cash available at the beginning of a period (opening balance) and the amount at the end of that period (closing balance). It is called positive if the closing balance is higher than the opening balance, otherwise called negative. Cash-flow is increased by (1) selling more goods or services, (2) selling an asset, (3) reducing costs, (4) increasing the selling price, (5) collecting faster, (6) paying slower, (7) bringing in more equity, or (8) taking a loan. The level of cash-flow is not necessarily a good measure of performance, and vice verse: high levels of cash-flow do not necessarily mean high or even any profit; and high levels of profit do not automatically translate into high or even positive cash-flow.

Read more: BusinessDictionary.com

Now, you have just learned what cash-flow is all about. Knowing this, you will have the advantage in doing your business. The next part is also key!

Traffic! Traffic! Traffic!

Yet, in reality, no one wants to be in traffic. Let alone, automobile traffic. But, traffic in business terms, is where you're able to draw customers toward your store. Via off-line or on-line. In business, traffic is important. It symbolizes cash-flow. Which makes the first part of eight-parts. Traffic is essential! Here is a definition of traffic. In definition:

1.Communications: Flow of attempts to make contact, calls, and messages over a circuit, line, or network, measured usually in bits per second (BPS).

2.Electronic commerce: Number of hits or visits a website receives during, usually, a 24-hour period.

3.Retailing: Number of shoppers that pass through a shopping area, mall, or store, during the business hours.

In a sense, in order for a business to thrive, your business has to have all the elements in its basket. Your business have to combine both cash-flow and traffic to become successful. Without these two elements your business will not thrive. That is why our slogan is: "To Learn, Thrive & Prosper. ™"

Read more: BusinessDictionary.com

Conclusion

When we look at some of the parts of this blog, you will noticed that there is a point to becoming a successful business owner. Being a business owner doesn't take a rocket scientist to figure out how to do business. Yet, all that matters is; the desire, the want, the need and then dream it! Then it will become possible. Next, is taking action! With taking the time to get it done and doing it, everything will flow. Here's a quote: "You can't have a river or a stream if you don't dig a ditch." by Austin Camacho. What this tells, is that if you want something to happen, you have to make it happen. If you dig a ditch, that ditch will fill-up and soon you can create streams of income. When you combine the elements of cash-flow and traffic, everything will flow. So, taking the time to offer your goods and services, selling your assets, reducing cost, increasing your sale price, collecting income faster, paying expenses slower, bringing in equity, taking a loan, with all that plus having communications, electronic commerce and retailing. Its a profitable sign of a great business. Some will defer, yet some will agree. These are just some of the secrets of building a profitable business.