Some of the most successful businesses in the world today had rather humble beginnings. Facebook began in a Harvard dorm and went onto have more than 1.1 billion members while Virgin came into being in a basement and today the Galactic wing of the business is ready to take people on a trip in space! This serves as a terrific motivator for people who want to give up the rat race and start their own business. Here are a few simple things that turn a simple home based business into a major success.
1. Don’t be in it for the money only
OK, so no one goes into business to be charitable and yes, money is a big part of any business. But what separates great and successful businesses from the ones that promise a lot but fail just as bad is the fact that the owners of successful businesses don’t go into it thinking about money alone. If money is your only motivator, you are more likely to sell your business to the first buyer that comes along. If, however, you love your business and you think of the time you have put into it as it as an investment and as your legacy, you’d be far more successful.
2. Make your passion your business
It seems simple enough but turning your passion into a business is hard work. And it begins with identifying your real passion. Unlike passion, which may fizzle, a business takes a lot more perseverance and you may need to stick with in even when you don’t love it so much anymore if you wan to see any real success.
3. Don’t compare yourself to others
The single biggest mistake you can make when starting a new business is to compare yourself to other business people or how well you think they have done in the same span of time as you. You need to remember that every business and every business owner is inherently different and each charts his own course.
4. Your customers matter most
Look at the business model of a business like McDonald’s or KFC. They didn’t begin with a will to take over the world. They just created something their customers liked and stuck with the same recipe. Even today, these restaurants prize every single customer and every single order is still made with the same high standard. If you too remember to keep giving the customer what they love the most about your business, success will ultimately follow.
