There are many elements involved in starting and growing a successful business. There is a process that entrepreneurs must go through in order to meet their goals in business. When considering going into business for your self, understand the facts and the myths.
Bill Bartmann asks; Who's the Boss?
You get to be your own Boss – In a way, you do, but in a way, you don’t. If you are thinking of going into business for yourself just to replace your “jerk” of a boss, think again.
Consider your employees, your customers, your lenders and bankers and your vendors and suppliers. All these people will, in a sense, become your boss. All of them will tell you what you should do, why you should do it and what will happen if you don’t do it. Make your employees happy or they’ll be less productive or quit; make your customers happy or they will buy from someone else; make your loan payments or you will be sued; pay your vendors and suppliers or they will not extend you credit.
There are a lot of people you will have to develop and maintain a good relationship with; there will always be rules to follow.
Bill Bartmann on Freedom
You get Independence and Freedom – You are able to do whatever you want to whenever you want to. This couldn’t be more untrue! You will become very dependent on the success of your business. You may eventually gain some independence and freedom, but at first, be ready for a lot of work. With a 9 – 5 jobs, weekdays, your free time is after 5pm and on weekends. You may find yourself working very long days, including weekends, while you are establishing your business.
Going into business for itself has its advantages and disadvantages; its risks and rewards. You do get to control your own destiny when you operate your own business. Also, going into business for yourself is the only predictable way to get rich. Not everyone is born rich, marries rich, hits the lottery or inherits rich and none of these paths to riches is predictable.
There are certain elements to consider when you are thinking about giving up the job and running your own business.
Are you Right for Business?
Is Business Right for You?
Are your Persistent?
Are you Confident in Yourself?
What will you do?
What type of Business – retail, food, home-based, etc…?
Will you Buy a Business? Buy a franchise?
Will you Start a Business from Scratch?
How is the Market Demand for your Product or Service?
The research and preparation involved in going into business for your self is very time consuming. Educating yourself in business essentials is crucial to your success. Operating your own business is full-time work. You must be ready to make a commitment and to make plenty of sacrifices before you experience the reward that you want and deserve.
Bill Bartmann is a self-made billionaire who has started 7 businesses in 7 different industries. He created the Billionaire Business System, a series of books and seminars that teach you what you need to know about succeeding in any area of business.
Showing posts with label business resources. Show all posts
Showing posts with label business resources. Show all posts
Wednesday, May 13, 2009
Sunday, April 26, 2009
Bill Bartmann Business Resources: Business Consultants
Bill Bartmann advises his students to seek help from other business professionals. When it comes to running a business, many people get it stuck in their heads that they need to be able to make everything work by themselves or they will be a failure. What they often don't realize is that by doing just this they may be dooming their business.
Think about all aspects of life. When you are facing a challenge and you have people who can help you, you ask for help, right? Even back in grade school if you needed help with your homework you could ask a friend, family member or even a teacher to give you a hand.
Running your own business is no different. While you can't expect people to run your business for you, you can be willing to ask them for a little help when you need it.
Bill Bartmann Recommends Networking
Bill Bartmann's tip #1 Network with other business owners and consumers in your market area
Word of mouth is one of the best advertising forms out there, especially if you run a business that is catered to the area where you live. One of the reasons that networking is so positive a form of advertising is that it has a trust factor to it. When someone wants to know a place they can go for a particular product or service and someone you know recommends you, that is much better than seeing an advertisement in a newspaper or on TV. It gives them a recommendation from a person they know. That holds a lot more weight than any advertising you can buy.
Bill Bartmann says Seek Expert Services
Bill Bartmann's tip #2 Utilize the services of the experts around you.
Do you have friends or family members with some sort of special expertise that may be able to help you through or around an obstacle you are facing? Think about all the people you know. Everyone has areas where they are better than others. If some of the people you know have expert skills that can help you and your company, ask them for a helping hand. For example, if you know an accountant who is a good friend, why not talk to them about your company books. There is no use struggling over trying to figure out how to do the books, and possibly messing them up, when someone can help you make sure you do them right the first time.
Practice
Bill Bartmann's tip #3 Rehearse Sales Presentations with Family and Friends
If you have to do sales pitches, presentations or other things that are going to need an audience, why not have your family be that audience? Family and friends are a great testing ground for any new presentation that you need to try out for your company. Ask them to really listen and ask any questions or voice any concerns they have. You can use their feedback to make changes and make your presentation better.
Bill Bartmann is a self-made billionaire who has created the Billionaire Business System, a series of books and seminars that teach you what you need to know running a business. Bill Bartmann has provided real business guidance to thousands of entrepreneurs to help them succeed in business, even during tough economic times.
Think about all aspects of life. When you are facing a challenge and you have people who can help you, you ask for help, right? Even back in grade school if you needed help with your homework you could ask a friend, family member or even a teacher to give you a hand.
Running your own business is no different. While you can't expect people to run your business for you, you can be willing to ask them for a little help when you need it.
Bill Bartmann Recommends Networking
Bill Bartmann's tip #1 Network with other business owners and consumers in your market area
Word of mouth is one of the best advertising forms out there, especially if you run a business that is catered to the area where you live. One of the reasons that networking is so positive a form of advertising is that it has a trust factor to it. When someone wants to know a place they can go for a particular product or service and someone you know recommends you, that is much better than seeing an advertisement in a newspaper or on TV. It gives them a recommendation from a person they know. That holds a lot more weight than any advertising you can buy.
Bill Bartmann says Seek Expert Services
Bill Bartmann's tip #2 Utilize the services of the experts around you.
Do you have friends or family members with some sort of special expertise that may be able to help you through or around an obstacle you are facing? Think about all the people you know. Everyone has areas where they are better than others. If some of the people you know have expert skills that can help you and your company, ask them for a helping hand. For example, if you know an accountant who is a good friend, why not talk to them about your company books. There is no use struggling over trying to figure out how to do the books, and possibly messing them up, when someone can help you make sure you do them right the first time.
Practice
Bill Bartmann's tip #3 Rehearse Sales Presentations with Family and Friends
If you have to do sales pitches, presentations or other things that are going to need an audience, why not have your family be that audience? Family and friends are a great testing ground for any new presentation that you need to try out for your company. Ask them to really listen and ask any questions or voice any concerns they have. You can use their feedback to make changes and make your presentation better.
Bill Bartmann is a self-made billionaire who has created the Billionaire Business System, a series of books and seminars that teach you what you need to know running a business. Bill Bartmann has provided real business guidance to thousands of entrepreneurs to help them succeed in business, even during tough economic times.
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