FOLLOW THE LEADER… THE EFFECTIVE LEADER THAT IS! If you have just set out on your entrepreneurial quest, then you more than likely have many questions regarding what steps to take next. The fact of the matter is, that even before you begin to implement a business plan, there are foundational rituals that must performed. To become a successful leader, these rituals become habits and are absolutely imperative to affect a positive outcome in any business venture. The numbers really are a bit discouraging to say the least! In fact, 97% of all entrepreneurs do not apply the following 5 principles of effective leadership. The good news is that now YOU will know exactly what you need to do to be in the TOP 3%!
The second question is whether you need the money for operating costs or for assets. If you put your money into assets like equipment and property, you can set up a lease. This is much easier than buying it all at once. Operating money is harder to make back, so be sure you have a good business partner Auckland first.
Be humble, you don’t have all the answers. The market is going to teach you what works and you have to keep your eyes open and learn. Instead of investing all your marketing money at once in huge newspaper ads targeted to stay -at-home moms, use that money to test 10 different promotion methods and two or three different target markets. Learn from the experiment. Now you have a much better idea of what you need to do more of and what you need to stop doing.
There is little doubt that mortgage rates are going to start trending higher with the 10 year treasury yield. The yield has been in an uptrend since the beginning of the year and it is only time before it starts to bring mortgage rates with it. At the current yield of 3.7% history states that mortgage rates should be around 5.6%. If this is the case, will many of the current home buyers in the the market lose interest?
Identify your purpose. We are all here for a reason, to serve some purpose. I encourage you to really look within yourself and think about that thing(s) that inspires you. Think about that thing that if you don’t surrender to it will continue to nag and gnaw at your conscious and make you miserable because you keep resisting it.
Most people who struggle with their home business do so because they have no direction. They dive into something without really thinking it through. Maybe they’ll decide to get into affiliate marketing. So they’ll go to an affiliate marketplace, pick out a product, maybe put up a blog with some content and hope that they get a few visitors to their site. That’s not a business…it’s a shot in the dark. They’re essentially rolling the dice in the hope that something sticks. Not the best way to go about things.
A small business start up can be a challenging project. There are many obstacles to success. If you are successful then nothing is more satisfying than owning and managing your own company.