1. Do What You Love

Ensure that you are in a business that interests you. This doesn't necessarily mean that you have to be in love with the product or service that you sell; however, you must enjoy aspects of the business otherwise you won't be motivated to give it 100% of your focus. And it will need a lot of your focus and energy, especially in the early stages!

To help determine this point, you could ask yourself the following types of questions:

* What do you really like to do (in a business sense)?

* Are you an ideas or action type of person? Or a bit of both?

* In which 20% of your talents do 80% of your results come from?

* In other words, where do your key skills lie?

It really all boils down to one question though - what are you really passionate about?

2. Niche

Another critical point which goes a long way to determining business success is your Niche. Without exception, the majority of successful business owners I know can tell you in a couple of sentences exactly what it is they love to do and why it has made them wealthy.

Without a precise understanding of your Niche your chances for success are greatly diminished. After all, it’s very difficult to hit a target which doesn’t exist or to win a game when you don’t know what it (winning) is.

Ask yourself what you are trying to achieve in this business venture:

* Do you want to make quick cash?

* Do you want to develop and grow a sustainable business?

* Are you interested in high cash-flow or developing assets? Or both?

* Do you have BIG aspirations or are you just looking to develop a hobby for some part-time cash?

Keep in mind that your Niche can always be adapted down the track if your situation or the market changes.



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despatis Premium
Hi Loide, these key business success factors are great stuff, very learning ful to me. "Believing in yourself.. is always the X-factor in the equation of achieving greatness!" Thanks for the training, Desmond
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stopscamming Premium
Hello Desmond,
I totally agree with you and I hope you believe in yourself to. Success is a choice so is failure.

I believe in you. Thank you very much for chosen success.
Kudos!
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dflancto Premium
Great training, thanks a million for pointing out the most important aspects of business.

Cheers
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stopscamming Premium
You are most welcome my dearest. I am glad you have enjoyed the training.
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ar20746 Premium
Thanks for good training. Joze
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stopscamming Premium
Hello dear friend,
Thank you for your encouragement also.
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RickBell57 Premium
Great train going here. Wish people would listen more to those that already know these things instead they try to invent the wheel.
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stopscamming Premium
Hey Rick,
Wonderful to hear that and I am looking forward to hear the feedback from applying what you have learnt.
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TheOldSilly Premium
Good training, thank you. :-)
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stopscamming Premium
How is that beautiful sister of mine? It has been very long time to hear from you, my full time work is demanding its steak now from me.

Thank you very much for your encouragement, please enjoy your day.
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TheOldSilly Premium
You're always welcome, dear.

She is fine, I plan on being back to Africa by end of May or early June, will stay with her until her immigration visa is approved.
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stopscamming Premium
That is wonderful to hear. I wish you all the success both in business as well as your personal like.
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