The following question was asked on another forum:

What is the one piece of advice every small business owner should hear that will maximize their chances for success? What do you wish someone had told you?

There is lots of advice that can be given..

- how you handle your resources
- the best way to deal with difficult customers
- how you should do your marketing
- how you should do interviews to get the best person for the job
- what you should invest in
- know your objectives
- do market research
- …

The list seems endless and when you’re just starting out this might seem overwhelming…

The very best advice anyone can get when they are starting out is that they should devote a distinct part of their time on developing a great entrepreneurial mindset.

As a businessowner you need to be realistic, you need to have patience, you need to have commitment, focus, be able to manage money, be creative, be solution focussed, you should be able to handle your fears, doubts, insecurities, you got to trust your coworkers or your partners, be able to see opportunities and take them, …

Sure we all have our moments and that’s ok, we’re after all humans. And one day goes better then the other, but you should work on improving your attitude and mindset on a consistent basis.

You do not want any fears,doubts, insecurities,.. to get in the way of your success in business and life.

If you grow, your business will grow.

Actually it happens so often that a business grows to fast for the business owner to keep up.. and then it starts slacking…

Realize that you are the driver of the business, and how you drive will have an immense impact on if the business is successful or not.

And that’s the ONE thing business owners are overlooking when they run into a problem and get stuck.. they tend to lay blame, on a technical aspect, or a coworker, or the market, or the economy, … but they fail to look at how they are dealing with the problem. And to any problem in a business there’s a solution, but you gotto to be willing to see where the real problem is…

In the IM business people could be easily tempted to start out by the image that they could easily make thousands of dollars with no work at all..

Well anyone buying into that has a success rate of close to 0.

I see lots of people buying into the four hour workweek illusion. This only will work if you already have a business, with implemented auomatisation procedures, BUT when you are just starting out it’s gonna take lots of hard work and long hours...

The MAIN reason why small businesses fail, is because the person in charge is not great at managing themselves

Basically the one best advice is: get your attitude and mindset in sync with where your outcome is.

Have fun

Bart

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