Tips to Startup Success Introduction Everyone has to start somewhere. From the largest corporation to the latest Wall Street darling to the most expansive real estate portfolio, every entrepreneur and investor started at square one. What separates the haves from the have-nots however is the path taken once you leave square one. Though there are many paths that eventually lead to success, some are more direct and have fewer bumps. While no one who finds success as an entrepreneur or investor does so without encountering obstacles, the tips listed below will help you navigate and overcome all that comes your way. START SMALL, DREAM BIG Here is a simple truth: It does not take any more effort to dream big than it does to dream small. Perhaps we do not want to appear greedy or materialistic. Maybe we doubt our ability to make great things happen. Or, we may feel that we do not deserve what life has to offer us. Regardless of what the reason may be, when we are starting out there is that little voice in our head telling us not to dream too big. The successful entrepreneur or investor has developed the ability to control the little voice and has replaced it with an inner dialogue based on grand visions of what can be. By developing this ability within yourself, you will see opportunities that no one else sees. While others are quick to point out why your vision will not work, you will have the motivation to prove them wrong. Now, while you will never want to scale your dreams back, you will need to make them a reality one-step at a time. It may sound contradictory, but when realizing your big dreams, you need to remember to start small. When you dream a big dream, it is easy to get excited and have the desire to live it right now. However, before you quit your job, develop a plan that lays the ground work for your venture and begins realizing positive cash flow. Just because an idea is good does not mean that it will create cash flow on day one. In fact, many new businesses are around a long time before they start to turn a profit. Moreover, if you let the cash flow from your venture dictate when you will quit your job, you will find yourself more aware of where every penny goes. You will be motivated to keep expenses under control so the day you can walk into your boss’s office comes sooner rather than later.
Posted on: Wed, 25 Sep 2013 19:57:53 +0000
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