PUSH HARD IN YOUR SMALL BUSINESS - TEN PROVEN WAYS TO MAKE SURE YOUR BUSINESS IS A SUCCESS

PUSH HARD  IN YOUR SMALL BUSINESS - TEN PROVEN WAYS TO MAKE SURE YOUR BUSINESS IS A SUCCESS

"When you work for yourself, you become an innovator or you don't eat". John Marriott

Entrepreneurs and small business owners are always thinking about ways to improve their enterprises. Here are ten ways to consider

1. Diversify your income stream - For example, if you do seminars, you can diversify your income stream through video production, podcast, blog posts, sell e-books, and do consulting.

2. Enhance your cash flow - Favor businesses where you get paid up front. For example, when you design website for people make sure you get paid upfront via pay pal or other pre-paid methods.

3. Avoid business with cyclical or seasonal nature. If you should have such a business make sure you have a different venture to take up the slack. For example, if you run  an income tax return business, you can also provide all year round accounting services to small businesses.

4. Master social media - use it to attract additional leads and eventual clients and customers. You can use it to spread the word about your enterprise.

5.Learn to connect with the community and network with like-minded people.

6.Learn to nurture your assets and build them - you later use your assets as leverage

7. Become Thrifty - would enable you to be profitable quickly

8. Your spiritual condition is important - you have to be emotionally, physically, mentally fit for the endurance

9. Take time  - rest and enjoy your life - Of course life is stressful, but if you incorporate the spiritual dimension into your schedule you will be fine.

10. Enjoy the ride - that is the only way to succeed. It is possible that there might be failure, but chalk it to temporary setback.