I’ve been an entrepreneur since 1995 and over the years I have studied many entrepreneurs and small business owners and have read a large variety of business books. I wanted to really get into the minds of what other entrepreneurs were doing to get started in growing their business. I wanted my business to be as successful as possible.
What I noticed by studying these successful entrepreneurs is that there is a pattern to how they are getting started and how they are running their business. There are essentially 5 steps that all successful business owners are taking to get where they are now.
Step #1 – Getting to Know Yourself
It’s really important to know what your strengths and skills are, and what your goals and dreams are. When you concentrate on your weaknesses, you can improve and get good at them. But just think, when you use your strengths and concentrate on getting better at those, then you are really going to become an expert in that area. You are really going to excel.
The other piece of getting to know yourself is to know what your goals and dreams are for your family and for yourself. You should be building a business using the model that best allows you to follow your dreams and to give you the lifestyle you are striving for.
Step #2 – Research & Develop Your Ideas
Now that you know what you need, it’s time to research what other people are doing with your skills and strengths. You have these skills that you came up with step 1, and there are many other people who have these strengths, too. Find out how other entrepreneurs are using these skills. Watching what other people are doing will help give you some ideas on how you can get started.
Once you have some ideas, you now want to research your potential market and find out what they need. Find out what they are struggling with that you could use your skills to help them. Learn what they are willing to open their wallets for. Just because people have a need doesn’t mean they’re willing to pay to have it fixed, so you really need to do your research before you get started.