Fundamentals of building a successful business

Discussion in 'Growing and Managing a Business' started by lotn7, Apr 29, 2010.

  1. lotn7

    lotn7
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    Building a business is not as easy as it sounds. Many people are rushing to build online businesses but do not take the fundamentals on board. They have incredible ideas and think about them without action. weeks, months and even years go by without realizing. They still sitting in the same position they were before...

    Act, wash and rinse
    I am an action oriented person. When I have an idea or read something that is of benefit,don't just think about it, I execute them step by step and every day until the project is over.
    I have learned that success is not a destination, it is a results of repeated pattern of positive habitual behaviors. To be successful in life, you need to change, think positively and become a doer.

    How to change from a thinker to a doer
    1. Train your self to write down"Things to Do List" a night before so that your subconscious will register and think about it while you sleep. When you wake up the following morning, you know your goals,focused and charged for that task without distractions.
    2.Take control of your focus and aim to achieve the results you wanted.
    3.Seek advice from those who have made it in life(mentor ship is a must)

    The above tips have helped me to be more positive and focused. Others can have their own views... make a contribution to this thread.

    To your success,

    Lotn7
     
  2. Kay

    Kay
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    Nice to meet you lotn7. Do you have an individual mentor yourself or do you go to different people? I'm interested in how you went about first of all finding a mentor and then approaching them.
     
  3. lotn7

    lotn7
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    Mentor/coach service

    Hello Kay,
    It is my privilege and honor to meet seniors on this forum.
    You see when you ask, participate in discussions, some one will give a hand and this was when I found my mentor who has helped me a lot. I have one on one consultation every week for 15 minutes FREE. He is in USA but finds time to call me for a one time fee of less than $200.00 .He has been in business for more than 10 years and owns a big publishing company. In turn he has introduced me to some other mentors with different skills... I am learning lots of staff to build my business.

    Those who want details, please feel free to PM I will provide them with contact links...

    Thank for your contribution,
    I remain...

    Lotn7
     
  4. Fergal

    Fergal
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    Lotn7 that sounds like a great arrangement you have with your mentor. How did you first come into contact with him?
     
  5. lotn7

    lotn7
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    Hi Fergal,
    I subscribed to his news letter and discovered that he provides one-on one consultations.
     
  6. alexcarlson

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    A business will always come out from an idea, an idea that is typically fueled by a need for or a lack of a commodity in a particular area of life. These needs take the form of a problem solution for a large percentage of the time. The business idea will usually be supported by a direct form of revenue or a secondary stream of income.
     
  7. lotn7

    lotn7
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    Hi Alexcarlson,

    You rightly hit the main point here-finding what is missing, create a product to fill that gap.If people are happy with your product, then they will purchase and you create wealth.

    Thanks for the contribution,And welcome to BAF, hope you will enjoy the warm relationship.
     
  8. alexcarlson

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    Thanks lotn7 for welcome me to this friendly forum.
     
  9. makatiofficespace

    makatiofficespace
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    people always think that starting a business is easy but it is like a sport. you should know the basic fundamentals before mastering it
     
  10. lotn7

    lotn7
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    Yes if you do not know the basics, you will suffer from information overload, get confused and quit. However, those who want to learn some basics, we have some coaching classes that can assist you to close the missing gup

    Thanks for the contribution
     
  11. matthew0099

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    I think the key to success is segmentation....
     
  12. lotn7

    lotn7
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    Hi Matthew0099,
    I am interested to know more about segmentation in terms of success!

    Thank you...
     
  13. MattConoll

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    Hi lotn7,

    I'm very much overwhelmed with your very first post. It'd just reminded me of my favorite book's advice in business especially in achieving your short-term and long-term goals -"BE-DO-HAVE".

    BE - Define your goals, become the person and equip yourself with the right knowledge.
    DO - Do necessary actions and create good habits.
    HAVE - Goals realized
     
  14. lotn7

    lotn7
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    Hi MattConoll
    This is very good contribution! Knowledge is power and setting clear and achievable goals is the key to succeed in everything you plan to do.
    Thanks for the contribution!

    lotn7
     
  15. moober76

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    i like this thread because sometimes I am on my comfort zone and I can't think of what else to do. thank you for the tips on how to stay focused and move forward, bigger and better. cheers!
     
    #15 moober76, Jun 4, 2010
    Last edited: Jun 4, 2010
  16. Fergal

    Fergal
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    Welcome to our business forum MattConoll, can you please let us know what business book you are referring to?
     
  17. lotn7

    lotn7
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    Hi moober76,
    Sometimes it is unproductive to stay in your comfort zone. I have found it useful to get out and experience new life. one of the writers said" You are never too old to set another goal or to dream a new dream"
    I wish you all the success in your life.

    lotn7
     
  18. moober76

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    i agree to that, new goals, new dreams. thanks for the encouragement lotn7
     
  19. lotn7

    lotn7
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    You are welcome and all the best...

    Have a lovely time here.
     
  20. mishidpfoc

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    Hi,lotn7

    Thanks for give the advice or techniques of successful business.I am trying to start online marketing.I hope your advice will help me and i will achieve a great success in my business.If you have more techniques related with online marketing please let me know.

    Thanks
     

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