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Posts Tagged ‘Avoid’

What are some of the reasons why you might not feel motivated about a task? You'd probably surprise yourself with your response, when you think about it. As you will see below, there are five barriers, which you need to avoid, that will get a poor result and lose your self motivation.

The five main barriers that will kill your self motivation are:

Fear of failure: This is probably the biggest limitation to success and great self motivation. This strategy means that you have limiting beliefs about yourself, e.g. "if I attempt this, I'll probably fail and it'll knock my self-esteem". This can lead to a continued loop "putting off" of the task. Remember though, that there is no such thing as failure- only feedback!

While we all make mistakes, in small business , there are a variety of mistakes that are common. Learning from other people's mistakes can enable you to avoid many of them. These are 10 mistakes that you should work to avoid when starting a small business: 1. Not Doing Market Research - When selecting a small business to start, it is vital to research the industry and the current market for the products or services to be offered. Search online, research at your local library and talk with your local small business organizations to put together a full market research report to evaluate the opportunity for this business to become successful. 2. Choose a Strong Personal Match - When starting a small business, evaluate accurately what your personal strengths are. For example, don't go into selling insurance if you have never worked in that industry before. 3. Lack of Capital - The top reason for small business failure is not failure to plan or choosing the wrong business concept, but is lack of capital. Research will help you to determine the amount of capital to have on hand as well as the reserve money that should be kept in the event of an expansion opportunity or an emergency. 4. Lack of a Business Plan - In addition to lack of capital, the next most common reason for business failure is lack of a business plan. Spend time to write out a business plan for not only the short term, but the long term. Work through 3 months, 6 months, 1 year, 2 years, 5 years and 10 year plans. While the plans will change over time, establishing and writing a detailed plan of action out will make it much more likely that you will accomplish those goals for your small business. 5. Ask for Help - Many professionals view asking for help as a sign of weakness. But, successful individuals in business recognize that asking for help is actually a sign of help. Don't wait until something becomes a challenge for your business, as at this point, it is likely too late to make the necessary corrective actions. Surround yourself with experienced professionals not only during the start up phase of your business, but ongoing to act as a support system. You never know what you will need help with or when you will need it. 6. Lack of Revenue - Many small business owners go into business as they have a specific skill, talent or interest. And, they will generally not fail due to those things. But, they fail due to lack of revenue. Spend a significant portion of every day working to build new customers by marketing your products and services. 7. Setting Prices Incorrectly - If your prices are not right, your products and services will not sell to the levels that you are expecting. Be sure to spend time researching the current market for pricing when setting yours. And, if things are not working smoothly in the early stages, be sure to re-evaluate so that you can make changes as needed. 8. Lack of a Budget - While no one really likes the word 'budget', in small business, it is vital to its survival. Track income and expenses regularly and make necessary adjustments as necessary to enable your cash flow to always remain positive. 9. Poor Record Keeping - Many small business owners excel in certain areas of their business, however, it is not uncommon for business owners to be challenged in the areas of administrative duties, including keeping accurate records. 10. Growing Too Quickly - In small business, it is important to grow organically instead of forcing growth as this can cause challenges in cash flow.

While we all make mistakes, in small business , there are a variety of mistakes that are common. Learning from other people's mistakes can enable you to avoid many of them. These are 10 mistakes that you should work to avoid when starting a small business:

1. Not Doing Market Research - When selecting a small business to start, it is vital to research the industry and the current market for the products or services to be offered. Search online, research at your local library and talk with your local small business organizations to put together a full market research report to evaluate the opportunity for this business to become successful.

2. Choose a Strong Personal Match - When starting a small business, evaluate accurately what your personal strengths are. For example, don't go into selling insurance if you have never worked in that industry before.

3. Lack of Capital - The top reason for small business failure is not failure to plan or choosing the wrong business concept, but is lack of capital. Research will help you to determine the amount of capital to have on hand as well as the reserve money that should be kept in the event of an expansion opportunity or an emergency.

4. Lack of a Business Plan - In addition to lack of capital, the next most common reason for business failure is lack of a business plan. Spend time to write out a business plan for not only the short term, but the long term. Work through 3 months, 6 months, 1 year, 2 years, 5 years and 10 year plans. While the plans will change over time, establishing and writing a detailed plan of action out will make it much more likely that you will accomplish those goals for your small business.

5. Ask for Help - Many professionals view asking for help as a sign of weakness. But, successful individuals in business recognize that asking for help is actually a sign of help. Don't wait until something becomes a challenge for your business, as at this point, it is likely too late to make the necessary corrective actions. Surround yourself with experienced professionals not only during the start up phase of your business, but ongoing to act as a support system. You never know what you will need help with or when you will need it.

6. Lack of Revenue - Many small business owners go into business as they have a specific skill, talent or interest. And, they will generally not fail due to those things. But, they fail due to lack of revenue. Spend a significant portion of every day working to build new customers by marketing your products and services.

7. Setting Prices Incorrectly - If your prices are not right, your products and services will not sell to the levels that you are expecting. Be sure to spend time researching the current market for pricing when setting yours. And, if things are not working smoothly in the early stages, be sure to re-evaluate so that you can make changes as needed.

8. Lack of a Budget - While no one really likes the word 'budget', in small business, it is vital to its survival. Track income and expenses regularly and make necessary adjustments as necessary to enable your cash flow to always remain positive.

9. Poor Record Keeping - Many small business owners excel in certain areas of their business, however, it is not uncommon for business owners to be challenged in the areas of administrative duties, including keeping accurate records.

10. Growing Too Quickly - In small business, it is important to grow organically instead of forcing growth as this can cause challenges in cash flow.

If only I had stumbled across this article when I was just starting. What a difference it would have made.

But, that didn't happen. I got a horrible start.

Fortunately I stuck with it! Lots of people give up right here. I'm embarrassed to admit how bad of a start I got...but I'm going to tell you about it. Maybe it will save some newcomers to Internet Marketing the waste of money and time I went through.

Read the rest of this entry »

Internet marketing consistently opens its doors of opportunities for those individuals who are looking for two things: freedom and moderate to huge monthly income. Although it is good to be an ordinary yet well-compensated employee, complete with benefits entitled to them. However, the change happening in the market is consistent; the increase on their monthly wages is not sufficient to compensate the increase in the prices of basic and primary commodities. Add to it the inconvenience they feel every time they are obliged to follow their superiors on the things they need to do and need not to do while working for the company.

The result: moderate to poor compensation (due to consistent increase of basic commodities against inconsistent increase of monthly wages) and lack of freedom of enjoying their work, which lead to inefficiency, and worst, getting laid off from work. For more details go to www.inside-the-minds-of-winner.com .With Internet marketing, you are in-charge. There will be no managers or supervisors to tell you that you need to do this and do that. You have the discretion of choosing what time you want to work and what type of investment you prefer.

In other words, you will not work anymore for the company. You will be the one to build your own company. And it will be called an Internet marketing company.

Pleasant to the ears, isn't it? However, just like other things existing in this world, you should familiarize yourself with the do's and don'ts when starting an Internet marketing company. Keep in mind that in starting an Internet marketing company, you must heavily consider the "wants and needs" of your clients. They are powerful factors that can determine the fate of an Internet marketing company-if it is successful or it is nearing on its downfall.

Here are several things that you should avoid when starting your Internet marketing company.

• Waiting to announce the availability of your website for the Internet public- waiting for your website to be entirely finished and marketing it later on will be detrimental in the progressive stage of your Internet marketing company. You will miss the feedbacks that are supposed to be one of your major concerns in improving whatever errors you have committed. For more information logon to www.ultimate-internet-marketing-tricks.com .This is very crucial on Internet marketing. Although it is not yet entirely finished, launch your website so that you will see if your work satisfies the Internet public's needs.

• With a new Internet marketing company, you should make your point clear and concise. However, mixing the message that you want to express will just create an impression to the Internet public that you are inexperienced in handling the product or services you are offering for sale. You will just lose the opportunity of widening your clientele base.

• Asking for extensive personal information of the subscriber- keep in mind that people will not give up their personal information easily without knowing what they are getting into. If you have some information that you want to share to the public, require minimum information such as the name of the subscriber and the email address.

• Placing unrelated contents to the site- there is no point in placing plenty of keywords that have nothing to do in particular with your Internet marketing company. Even if it’s a highly paid keyword, if it is not related to the content of your site, it is useless and will not help but instead ruin the professionalism of your company. Select the keywords that go with the content of your site and have meaning to the content.

These are the things that you should avoid when starting an Internet marketing company. From your marketing strategies to the content itself and the layout, almost every step that you will take will have an impact to the success of your website. Strictly follow the do's and don'ts of starting an Internet marketing company and it will give you high chances of survival.