Monday, September 28, 2009

Good Resource: 10 Tips for the First-Time Business Owner

While reading through some other business related posts this weekend, I came across a good resource for people who are thinking of starting their own business. The article was written for Entrepreneur magazine and is entitled "10 Tips for the First-Time Business Owner."

There are some very good points made throughout the entire article and it's definitely worth reading and considering the information given in it.

My particular favorites are points #1 and #2. In point number one the author makes the following statement, which I really appreciate: "Do one thing perfectly, not 10 things poorly." Focus on what you do really well and use it to your advantage!

In point number two, I appreciate the author's frankness about the impetus behind starting a small business: "Do what you love. Businesses built around your strengths and talents will have a greater chance of success." I think there is a ton of truth behind that mindset. If you're passionate about your business (whether it selling snow cones or building high-tech complex machinery), you stand a much greater chance of success if your heart is in it.

So, if you're passionate about snow cones or shaved ice...then be dedicated to your business and refine your processes and business plan constantly in order to give your customers the best product possible. In doing this, you will ultimately succeed!

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