How To Manage Your Time on Social Media

How To Manage Your Time on Social Media

As a business owner, social media marketing is an important element of your business. It’s a way to generate conversations that may attract more people to your business, and it’s an easy way to let people know what’s going on with your business in a social setting. Yet there are many activities you need to do to run a successful business, and social media is only one of them. How do you put in the time that is required to maintain an effective social media presence, while still running your business? Here are some tips:

Start From the Results You Want: Instead of just jumping online, spend a few minutes thinking about what you want social media to do for your business. For example, if you are hoping to introduce new customers to your business, you’ll want to spend time planning posts that encourage existing customers to tell their friends about your business. As a result, you might decide to run a contest that rewards people for sharing. If you would like to encourage existing customers to purchase again, then you might focus on offering Facebook-only specials on your Facebook Page, and creating lots of conversation with people who already know what you have to offer. Knowing what you want can help you decide what to do online.
Plan Ahead: Nothing is a bigger time waster than sitting at your computer wondering what you’ll post that day. Create an editorial calendar for your online business presence, writing out your main posts at least a month in advance. By writing them all at once, you’ll get the creative juices flowing so that the posts come easier, and you will also be able to get a sense of the overall flow of your content. Are you too salesy? Not enough? Looking at an entire month’s worth of posts will not only help you be more efficient, but will also make your content better. (Also spend some time looking back at previous months’ posts. Did a particular type of post generate results? Then create more posts like it!)
Go Mobile: Don’t limit your time on social media to the minutes you can steal away to sit down at a computer. Use your mobile device to check in on your sites regularly, and jump in on conversations often. Instead of one block of time, you might spend a few minutes several times a day. Your customers will feel like you’re more responsive this way.
Avoid Spreading Yourself too Thin: Ask your customers where they spend their time online, and then set up one or two social media presences on the sites they use the most. One of these places is probably Facebook, but should you also be on Pinterest, Instagram or Twitter? By understanding how your customers want to connect with you, and where, you’ll use your time most efficiently instead of doing more than you need to.
Stay Focused: It can be very easy to get distracted on social media sites and waste time. Keep a list of the activities you want to accomplish that will help you reach your goals online, and when you’re using social media for your business, stick to the list. This will help you avoid distractions that take you away from your primary purpose.

By being strategic about your use of social media, you can use these highly effective tools in a way that helps you build your business and reach your customers.

How do you manage your time on social media? We would love to read your thoughts in the comments below!

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Developing Business Support Groups and Masterminds to Help You Succeed

Developing Business Support Groups and Masterminds to Help You Succeed

In your quest to meet and even surpass your professional goals, you will no doubt need and want some help along the way. A business support or mastermind group can serve as a valuable tool to help you generate innovative ideas and deal with the challenges you may face as a small business owner.

When forming such a group, it is important to find the right kind of people to maximize the effectiveness of the group as a whole. Look for like-minded people whose ambitions and goals are similar to yours.

Find people who:

Share your level of passion and goals. People in business support groups don’t have to all be in the same industry or come from the same field of experience. However, they should all have a strong passion for their business and an equally strong commitment to achieving their goals. This ensures that each person will contribute value to the group rather than holding it back by being the weak link. Create a list of questions to ask a potential group member that he or she can answer to give you a good idea of what drives this person to success. Ask about what the person hopes to get out of the group, what the person can contribute, and where the person sees him/herself in five years. If you can relate to most of the answers, then this person could be the right fit for your group.
Can get together in person. Conference calls and Skype sessions are very useful and efficient when in-person meetings are not possible or practical, but don’t overlook the benefits of meeting as a group in person. Non-verbal communication is just as powerful as words, and it’s imperative that the people in the group have a certain level of trust among each other. Meeting in person also allows you to more easily share materials in a tactile way. Holding something in your hand is always more effective than seeing it on a screen. If at all possible, form a group who can commit to regular meetings in person, or at the very least commit to in-person retreats annually or semi-annually.
Will motivate each other. Business support groups are not just about exchanging ideas and feedback. Be each other’s cheerleaders. If someone in the group is experiencing a difficult time such as an unforeseen financial setback, be encouraging, attentive, and empathetic. Point out to the person what his or her strengths are, especially because during times of personal failure, we seem to forget those. You can also be objective, and point out steps the group member can take to move forward, that he or she may not see because the failure has clouded his or her view. Motivate each other in good times and bad and develop a rapport that allows group members to count on each other as allies. A good morale will increase the effectiveness of what a support group can offer.
Complement your strengths and weaknesses. Find people who support your strengths and fill voids of your weaknesses. For instance, if you are an idea person, but have trouble mapping out a plan of action, look for someone who is detail-oriented and can help you execute your ideas. Or if you are a creative mind when it comes to advertising but don’t have a head for numbers, look for a person who can help you maximize the limits of your budget. A group whose members have a variety of strengths and weaknesses will be able to offer the most support and assistance to each person involved.

Although forming and participating in a business support group or mastermind can be time-consuming, it is an important investment of time. Such a group can help you meet your goals, grow your business, and achieve success.

What else should you look for in a business support group? Share your ideas below!

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Making Facebook Work For Your Business

Making Facebook Work For Your Business

Do you use Facebook for your business? With nearly a billion people using the social network internationally, it’s a great tool to connect with existing customers and prospects, while also finding new ones. But you can’t just advertise your business indiscriminately on the service. Keep these points in mind when using Facebook for your business:

Start with a Plan. Before you begin using Facebook for your business, be sure you know what you want to gain as a result. Are you trying to encourage repeat business? Find new prospects for your business opportunity? Get customer feedback? By starting with an end in mind, you’ll ensure that the actions you take on Facebook are focused and results-oriented.
Engage Regularly. Facebook is a SOCIAL network. You can’t be social if you don’t show up. So be sure to set aside time daily, even if it’s just 10-20 minutes, to engage with people on Facebook. Ask and answer questions, comment on photos and status updates, listen to what others have to say, share interesting content that the people you’re connected with may enjoy. The point is to be social, and not just post an update and move on to the next thing.
Set Up a Business Page. Facebook Terms of Service is very clear about where businesses are allowed to promote themselves, and it’s NOT within a personal Profile. (SEE: What is the Difference Between a Facebook Profile and a Facebook Page?) If you are planning to ask people to do anything on Facebook from which you will make money, you MUST do those posts within the context of a Facebook Page. (Don’t know how to set up a Facebook Page? SEE: How to Create a Business Facebook Page)
Run Contests Within Facebook Guidelines. Contests are a fabulous way to build momentum for your business, and create addtional awareness. But you must follow the rules. Rules??? Yes, Virginia, Facebook does have requirements when it comes to contests. You may NOT use any Facebook feature (liking, commenting, etc.) as an entry for a contest. Instead, you must use a 3rd party application to administer your contest. (SEE: How to Run a Great Contest on Facebook.)
Consider Facebook Advertising. Facebook advertising can be a great way to generate additional awareness of your business. Be sure you’re advertising in a giving spirit, however. Give away something free (such as an ebook or a coupon) to encourage people to click and learn more. (SEE: 8 Tips for Effective Facebook Advertising.)
Have Patience. Rome was not built in a day, and neither will your Facebook community. It takes time and nurturing to build an engaged community. Focus on providing great content, listening to and connecting with others, and making relevant offers that are interesting to your community. And ask your community to share your Page with their friends! If they find you valuable, they’re more likely to do so.

How do you use Facebook to build your business? What additional tips would you give? We would love to read your thoughts in the comments below.

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Effective Ways to Learn Something New

Effective Ways to Learn Something New

Don’t be fooled by the old saying, “You can’t teach an old dog new tricks.” If you want to learn something new, you CAN do it. Perhaps your industry has adopted new technology, created a groundbreaking product, or maybe you just want to improve yourself personally. By taking your learning seriously and committing your time and effort to the task, you can accomplish your goal. Use the following suggestions to help you along the way.

Write down what you want to learn. Don’t underestimate the power of this one simple step. Writing down a goal mentally prepares you for all that its completion may require. Additionally, you can sort out what details are involved in tackling this endeavor. When writing down what you want to learn, include an objective, map out a plan of action, and give yourself benchmarks and deadlines. It’s also a good idea to write a few sentences about why you want to do this…what are the benefits you’ll enjoy as a result? Any time you get frustrated or encounter an obstacle, reread those sentences to regain your motivation.
Commit to a lot of studying and practicing. When Theodore Roosevelt said, “Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty,” he really was on to something. Think of anyone who has achieved greatness in any area of sports, entertainment, business, etc. When you take on something new, there will be a great deal of research, studying, and practicing. It is crucial that you incorporate time for this into your day in order to make progress towards your goal.
Embrace your mistakes and adjust them to improve. Although making mistakes is frustrating, instead of letting them get you down, embrace them as learning experiences. Use those mistakes to modify your approach and improve. Almost nothing is done right on the first try. Mistakes are part of the process, and using them to your advantage will bring you closer to your objective.
Visualize yourself doing it. Mental preparation is a significant part of any kind of performance-based task. The next time you are out for your morning jog, sitting in a doctor’s waiting room, or lying in bed at night waiting to fall asleep, use your mind’s eye to picture yourself doing or using whatever you are setting out to learn. Doing this regularly helps boost your motivation and confidence.
Personalize it and make it a part of who you are. In order to truly incorporate something new into your life, it has to become a habit. Think about how you can personalize your new knowledge so that it gets worked into who you already are. For example, if you want to learn about photography and need to practice how/when to use different shutter speeds, incorporate that task into your existing routine. Do you regularly take your children to the park, attend sporting events, or just relax with your family at home on a Sunday? Use those opportunities, things you normally do, to practice using your camera correctly and experiment with different lighting situations. If you personalize your task, you are much more likely to stick with it and see it through to completion.

Taking on something new to learn is a brave and exciting journey. Prepare yourself mentally and commit to hard work.

What strategies have you used to learn new thing? Please share your ideas below!

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Ways to Change a Failing Business

Ways to Change a Failing Business

When you started your business, you were planning to be successful. However, it takes more than a good attitude to maintain a successful small business. If you find yourself facing adversity and your business is beginning to take a downturn, here are some things you can do to turn your business around, and help it thrive.

Truly care and cater to customers’ wants and needs. Most people who choose to patronize small businesses are deliberately doing so because of the level of customer service they experience. Make sure you are delivering on this expectation. Demonstrate to your customers that you sincerely care about meeting their needs and satisfying their wants. For example, a local spa owner has been slowly but surely losing clients to the nearby franchise that constantly runs promotions for new and existing customers. Although she can’t compete with their rates, she can offer each customer a more individualized experience. When a customer makes an appointment for a service, such as an upper body massage, she asks specific questions about their preferences (what type of music to play if any, if they’d like the masseuse to converse with them, any desired fragrances, etc.) and tailors the experience to that person. Customers will recognize and appreciate your extra effort and attention and spread the good word about your business.
Listen to your existing customer base about ways to improve. There are various ways you can reach out to your customers and ask for their feedback. Face-to-face conversations, email surveys, and incentivized reviews can all give you a good idea of what their impressions are of your business. Really listen to the feedback and make any necessary changes. If your customers are consistently telling you that they find it difficult to make the time to call you when they need something, perhaps you should consider adding online ordering or a Facebook Page for your business, or create an auto-ship program. It’s not always pleasant to hear what you may be doing wrong, but it is a valuable tool that can help you maintain your existing customer base, and build a new one.
Personalize and improve your relationships with customers. The small business model is all about building relationships. Your customers are the backbone of the business, so make an effort to get to know a little bit about them. When a woman comes in with her baby, ask her how old he is, mention that your son is around the same age, and share a funny story about your child. Encourage her to do the same, and make sure you introduce yourself. The next time she stops in, you can greet her by name and ask about her family. Don’t hesitate to make notes on your customers as well to help you remember details they might share; the act of recording such particulars can improve your memory. The bottom line is that you should always make your customers feel welcome, special, appreciated and known.
Try something new. Perhaps your competitors have begun to offer a new service and have therefore lured away some of your customers. Breathe some new life into your business by trying something new. For example, the owner of a camera shop might offer monthly workshops on various topics such as getting started in photography and how to choose the right camera for your needs. He gets to share his love of photography and the equipment with others while bringing in new traffic each month. Tapping into your passions is a great way to start when searching for something new to implement into your business.

You can save a failing business by committing to make a few changes. What else should be added to our list? Share your ideas below!

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Leadership that Motivates

Leadership that Motivates

For small business owners, leadership skills are often a required part of the job. You may have to lead a group of employees new to your business, become active in civic organizations and help with new projects, or even train other entrepreneurs in professional development situations. Whatever the situation, people will look to you for advice and motivation. Keep the following characteristics in mind when deciding what type of leader you want to be.

Effective leaders…

focus on making others successful. Instead of emphasizing the importance of your role, concentrate on how you can help make others successful. What tools can you offer? What past experiences can you pass on? For example, one of your newest sales reps has continually failed to meet his monthly goals. After a discussion with him, you find out that he meets with plenty of prospects, is an expert in the product and its benefits, and has great communication skills. However, he lacks the confidence he needs to actually close the deal and make the sale. Give him some tips on closing, offer to role-play with him as the customer, and prepare him for potential objections. Giving people what they need to succeed will demonstrate your competence as a leader and motivate them to do their best.
are deeply grateful. It’s important to show others how appreciative you are for their hard work and contributions to your business. Doing so not only helps you connect with your team/staff, but also motivates them to work harder because they know it will not go unnoticed by you. Always strive to maintain positive staff morale. The happier people are in their jobs, the more successful they will become.
have strong convictions. It is not necessary for you to preach about your philosophy on business to your employees, but everything you say and do should demonstrate your strong convictions. If you are someone who is committed to excellent customer service above all else, then you should lead by example. Train your staff to provide the level of service you deem essential, let them see you doing the same, and demonstrate how your high standards allow your business to succeed. Anyone who works with you should be able to identify what is important to you.
are very positive. People generally respond better to positivity than they do to negativity. Adopt and maintain a positive attitude, and strive to see the best in yourself, your staff, and your customers. Don’t hesitate to give someone a deserved pat on the back. Positive actions yield positive results, so don’t underestimate the power of optimism.
truly care about others. Sincerity is essential to effective leadership. Most people can sense and are turned off by false niceties or empty compliments. Recognize the value of others’ hard work and ask yourself how you can enrich their lives through your leadership. It can even be as simple as asking an employee what you can do to help when you notice she is having a rough day. When you show others that you truly care about them, they begin to truly care about you in return, and therefore are more motivated to achieve.

Leadership styles vary greatly from person to person, but adopting these qualities will maximize your ability to motivate others. What else do you think should be added to this list? Share your ideas in the comments section below!

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4 Tips to Improve Your Business Marketing

4 Tips to Improve Your Business Marketing

Marketing for your small business requires a good deal of creativity, especially if you want to avoid wasting precious dollars on things that don’t work for you. No matter what type of marketing you choose for your business, there are some key concepts to keep in mind. For example, focus on what your customers want and how you can help them, and work on marketing yourself instead of your product or service. With these things in mind, the following suggestions can help you improve your overall marketing strategy.

Leverage your strengths. Many small business owners make the mistake of apologizing for what they don’t provide or services they don’t offer. Instead of doing this, emphasize what you can do for your customers by demonstrating the strengths of your business. For example, a mobile pet groomer does not service cats at all. Instead of drawing attention to this, she focuses only on marketing her business to owners of dogs only. Any literature she distributes refers to her business as a dog groomer, not a pet groomer. She emphasizes this so effectively that most people don’t even think to ask her if she services cats at all. In the rare instances that they do, however, she still responds by reminding clients that she grooms dogs of all breeds and sizes. Her ability to highlight her strengths and use them to attract the right customers makes her marketing efforts much more effective.
Look at your competitors’ weaknesses. Gather some marketing materials (flyers, newspaper ads, emails, social networking sites, etc.) from your competitors. Look at them from a customer’s point of view and decide what their weaknesses are. You might get a beautifully designed email in your inbox complete with hyperlinks to their website, scannable coupons that save you the hassle of having to print them out to use them, and a brief but memorable description of the services provided. The only problem is that some similar version of this flyer gets delivered to your inbox at least once a week. After the first couple of weeks, you know what you’re going to find, so you start deleting it as soon as you get it. The flyer itself is not the weakness here, but the frequency and lack of variation of the email. Learn from these types of mistakes and avoid them in your marketing plan.
Incorporate trends that make sense for your business. This requires some industry research, but can prove quite beneficial for your marketing efforts in the long run. Find out what others in your field are doing, and if possible, incorporate it into your business. Back to our mobile dog groomer, she has researched other local groomers and has found that they offer incentives for customers who are located within a 5-mile radius of her home base, have more than one dog to be groomed, and who use her services multiple times in a 6-month period. All of these perks make sense to incorporate since they are starting to become a standard in the industry, and they will help her stay competitive. It would be a good idea to point out these incentives in her marketing efforts as well.
Brainstorm with your community and customers. Feedback from your customers is a valuable tool that you should be using on a consistent basis. In addition to asking about how satisfied they are with your services, pick their brains about what kind of marketing gets their attention. It can sometimes be difficult to see something from a customer’s point of view when you’ve been so focused on your role as business owner. Strike up conversations within your community to gain a new perspective; your customers will appreciate your interest in their opinions.

Emphasizing your strengths, downplaying your weaknesses, and industry research can improve your marketing and help prevent you from wasting money and time on methods that don’t work.

How have you improved your marketing? Share your ideas below!

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What You Need to Grow a Business

What You Need to Grow a Business

Congratulations! You’ve done something significant: you’ve launched a business and are maintaining a certain degree of success. Since the initial startup period has long since passed, it may be time to start thinking about how to take your business to the next level. You might think that doing so may take just as much “blood, sweat, and tears” as starting up your business from scratch, but there are simple things you can do right away to grow your business and continue achieving your goals.

Prepare financially and be ready to grow. Expanding your business will most likely require some sort of financial investment, such as a new marketing plan or travel costs for attending conventions and networking events. It is just as important now that you plan for these added costs as it was when you started the business. Are you prepared to see a slow return on your investment? Will investing this money take away from other key elements of your business? Once you’ve prepared yourself financially, make sure you are in the right mindset. Business growth will likely put more demands on your time. How will that impact your existing customers and your family? Only you can answer those questions, so make sure you are okay with the answers before you take the leap into business growth.
Think big and outside the box. One of the most successful entrepreneurs of our time, Donald Trump, wrote that “as long as you are going to be thinking anyway, think big.” Why put limits on what you can accomplish? You may not achieve every single dream, but selling yourself short before you even begin only keeps you where you are. Look for ways to grow your business that have large-scale impact. Be creative and try coming up with something original. You can always dial it back later.
Increase marketing. Growth cannot happen without some level of increased marketing. Assess your current marketing plan by figuring out what specifically is working and what is not. Eliminate the weak points and expand on the strong ones. If there is an untapped customer base or a marketing method you haven’t tried yet, give it a shot. You won’t be able to grow without adding to your bottom line, and that can’t be done without attracting more customers. Research what options will give you the greatest return on your investment and proceed full steam ahead.
Diversify and expand your team. Your team should consist of people whose strengths complement yours and each other’s. When looking to add to your team or staff, seek out different types of people. For example, you’ll want people who are strong face-to-face sellers, others who have a head for numbers and projections, and still others who are creative and contribute originality. A team that can pool their strengths and work together toward a common goal has the potential to be unstoppable.
Listen to customers. Ask them for their feedback about a variety of topics, including what new products they’d like to see, how service can be improved, what made them come to you as opposed to a competitor, etc. Customer loyalty has a huge impact on the success of your business, so it makes sense to pick their brains about how you can improve and grow. They will also appreciate your interest in their opinions.

Your business growth potential is limited only by your imagination. Use your available resources, your own expertise, and feedback from your customers to begin a plan for expansion.

What else do you think should be added to our list? Please share your ideas in the comments section below!

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How to Compete Effectively

How to Compete Effectively

Handling your competition as a small business owner can sometimes seem like an uphill battle. It is important to educate yourself in regards to who your competition is, what they are offering, and what their strengths and weaknesses are. You cannot control how your competitors run their businesses, but you can control how you run yours, and having a full understanding of your competitive landscape can help. The following is a list of strategies to use in your quest to compete effectively in your industry.

Help clients see you as a friend. If clients see you as a friend instead of just a business, they are more likely to be loyal to you. In order to do this, put their needs ahead of your own. If a customer is looking for something that you are unable to offer, be honest about it and even go so far as to recommend where they might find it. Clients will appreciate your honesty and that you didn’t waste their time trying to talk them into something they probably don’t need. Because you have demonstrated that you are sincere in your desire to satisfy their needs, they will likely come to trust your professional opinion and will return to your business again and again.
Use social media for word of mouth. The potential for exposure via social media makes it an extremely valuable tool of which you should be taking advantage. Creating a social media presence will cost little to no money, but it does require an investment of time. It isn’t necessary to tackle everything at once, however. Try your hand at social networking sites like Facebook or Pinterest, start a blog, comment on others’ blogs, create a YouTube channel, or reinvent your website. Decide which avenue will most effectively spread the word about your business and focus on that. Social media is this generation’s word of mouth, so be sure you are taking full advantage of its benefits.
Create partnerships. Creating partnerships with other business owners means less competition for you. For example, a local cupcake shop is having a hard time competing with the new frozen yogurt bar that has just opened up down the street. Health conscious shoppers are now shunning the high-calorie cupcakes for a refreshing treat that is easier on the waistline. The owner of the cupcake shop forges a partnership with the yogurt bar to bring in some fresh baked cupcakes in healthier varieties (gluten-free, low-fat, etc.) to create a yogurt sundae section. The cupcake shop gets a percentage of the sales, the yogurt shop is reaching a wider customer base, and they both get to cross-promote each other’s goods. Seek out other businesses who have similar interests and you can cut down on your competition.
Implement incentives for referrals. Referrals are often the lifeblood of small business. Consider offering your customers unique incentives to motivate them to give you more referrals. This can be anything from a tiered reward system to a one-time discount or VIP customer membership. Show your appreciation for their referrals in a way that will make them want to bring you more. Also, by creating incentives, you avoid the often uncomfortable method of flat-out asking your customers for referrals. You can introduce the program and incorporate the “asking part” into your presentation.

Staying ahead of the competition is a necessary part of small business ownership. How do you compete effectively? Please share your ideas below!

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How To Build a Long Term Business

How To Build a Long Term Business

When you start a business, you hope that it will grow, and ultimately succeed. If you don’t start out with the right mindset and the commitment to work your business for the long haul, however, you may be setting yourself up for failure.

Here are some suggestions to help you build your business for long term success.

Create personal relationships with your clients. Building relationships in business does not differ that much from those that exist in your personal life. Personal relationships grow out of having something in common, along with a sense of mutual trust, respect, and support. All of these elements are also required in your professional relationships. Ask your clients about their interests and find some common ground, such as a devotion to the same baseball team or a love for the performing arts. Once your clients can relate to you, a relationship can grow. With that connection, you become more than the owner of a business they frequent, and they become more than just another customer. The result: a loyal client who is likely to recommend you to others.
Ask for feedback and use it to improve. You should make it a habit to ask for feedback from your customers, employees, mentors, etc. This can be done in a variety of ways, especially when seeking out feedback from customers. Depending on the type of business, you can create an online or paper survey, speak to them face-to-face, or incorporate it into a courtesy call. After collecting their opinions, reflect upon your findings and use the information to improve. For example, when following up with a customer regarding a recent order, you ask her what she thought about how you handled the sale. The customer’s response is mostly positive, but she does state that she found the online ordering portion of your website difficult to navigate. It might be wise to ask other customers if they had the same issues. If so, take the time to update the site and make the ordering process faster and more convenient. Asking for feedback is not always easy, but it can be an effective way to build your business for the long term.
Build value that exceeds what customers pay for. You may or may not have much flexibility in terms of product pricing. What you can control, however, is the value of a product. Show customers how it will solve a problem, how versatile it can be, and what services they will get by patronizing your business. Customers are usually willing to pay a little more for something when the experience of it all exceeds anything they would get elsewhere. What do you have to offer that your competitors don’t? The answer to that question will help you build value into your products and services, as well as setting up your business to prosper for a long time.
Do what you are passionate about. You’ll never last in a business doing something you don’t care about. Owning a business takes creative vision, time, and a multitude of other skills to make it flourish. What will drive you to continue if you don’t enjoy what you do? Look deep into yourself when deciding what kind of business to build. Perhaps you’ve always had a flair for cooking and are passionate about eating cleanly and naturally. If that is something that you’ve made a part of your daily life, it would no doubt make for a potentially successful business idea. Our passions motivate us to succeed, so choose something that you love doing.

What else would you include in your recipe for a successful long term business? Please share your ideas below!