Why do you think many businesses are struggling to pay rent and operating costs? The answer is poor mindset. As a business owner, your mindset determines your altitude. Having the mindset is critical. What motivates you? Where will you play, how will you play and what kind of business will you not play in? What are your personal values? Get rich quick mindset is good, but may not give you happiness. Your mindset should be prepared for the long-haul. This is not a one day thing. Try to bear short term obstacles. Focus on making your customers and business partners…
The SMART entrepreneur – Sets a vision
Previously, we discussed about starting a business. Today, we explore the qualities of an entrepreneur. Once you have a business idea, you need to set a Vision. Instead of asking: “where do I want to be?” like everyone else; Ask: what is my biggest problem NOW? Is it lack of money or lack of customers or declining business? Then decide on how you will fix the problem either through low costs or differentiation – depending on your business environment. Decide on possibilities available under each option. Then explore the conditions which would have to be true for you to succeed…
