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4 Key Business Non-negotiables

Every day, thousands of new businesses are introduced to the market – that’s because starting one is actually relatively easy. However, that’s just the first step – or for some people, the last step, as starting a new business is as far as they can get.

The hard truth is that while having a successful business can help you and your family live more than just comfortably and achieve your biggest dreams, it is not an easy journey, and it involves a lot of hard work on your part. Entrepreneurs with the ability to create such successful businesses are a rare breed, unfortunately.

However, what makes them so different? Why do they succeed, and others don’t? Well, that’s exactly what we will be focusing on today:

Stay Fearless

Fear can be your biggest enemy. It can easily destroy your ambition and confidence – however, it will only happen if you let it. When starting a new business, it’s normal to feel fear – fear of failure, of what others will think, of not being good enough. However, do you think that the founders of companies such as Google, Facebook, Bulletproof, or Starbucks, which now are known both nationally and internationally, let their fears control them?

Remember – when you let them be, your fears will intensify. When you face them, your fears will disappear.

While all this might sound like another pep-talk, that’s the truth. If you let fear control you, you will never be able to take risks or chase your dreams. All great leaders realized that the fear shouldn’t be in control of you. Instead, you should be the one to control it.

Create, Don’t Wait

Instead of waiting for opportunities to come to you, create them. Don’t procrastinate, don’t spend an excessive amount of time on something that could be done is just a few moments. Instead of creating a 100 pages long business plan, take action and start doing things that matter, that will help you succeed.

Most people spend their life waiting for an opportunity. They don’t do anything about it, saying that they are either too young or too old. The truth is that there’s no such thing as being too young or too old. If you want something to happen, make it happen.

Focus on Constant Growth and Development

This might sound cliche, but it’s important to ask yourself – are you better than you were yesterday? Is your life better today than it was yesterday? If your answer is negative, think about what could be the reason, and prepare tactical steps for tomorrow, to make sure you are constantly growing and developing.

Before starting your day, ask yourself those questions:

  • What am I grateful for today?
  • What am I excited about today?
  • What am I committed to making happen, no matter what?

All successful entrepreneurs understand that their business has to be 365 times better each year than it was a year before, which can be achieved by constant growth and development.

Urgency

You most likely want to be financially independent when you are older, let’s say 70, right? Most people do. Unfortunately, the statistics show the opposite situation. According to the statistics:

  • 69 percent of Americans who start working at 25 will be dependent on other people, such as their relatives or friends, by the age of 65.
  • more than 35 percent of people age 65 to 69, and more than 20 percent of people age 70 to 74, continue to work.
  • nearly 75 percent of single Social Security recipients older than 65 depend on Social Security as most or even all of their monthly income.

As you can see, the statistics don’t look optimistic. If you want to be one of the few who are financially independent at an old age, you need to feel a sense of urgency now. Present time matters more than you think. Instead of saying that you will achieve something one day, say that you will do it now.

You probably know some person who has been working in the same company, in the same position for several years now. They often say things like ‘I have x years of experience, I should have a higher salary’ or something on a similar note. The sad truth is that they actually have one year of experience, just repeated x times.

If you are not developing yourself, not trying to gain new skills, then are you really more valuable to the company than a person with less experience but a bigger desire to develop themselves? That’s why it’s important to remember – it’s not age that guarantees you a higher income – it’s the value.

The Bottom Line

If you want to be a successful entrepreneur, with a prospering company, you need to remember a few things. Fear doesn’t control you – you control it. Don’t wait for the opportunities to come at you – instead, create them. Focus on constant growth and development not only of yourself but also your business. It’s the value that matters, not the experience.

If you ask any successful founder of global tycoons such as Google or Facebook, what is the key to success, we can guarantee that they will mention one of the things we did. We shared our knowledge with you – what you do with it and how you use it is now entirely up to you.

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