Top 10 Things Entrepreneurs Realize for Success

There are many facets to entrepreneurial success, and internal thought processes play a huge role.

Funny thing about the human mind; it operates on cause and effect. One thing can relate to or be the cause of another. Successful business is the same. Aligning your business with your mind will spell success.

Top 10 Things Entrepreneurs Realize for Success

# 10) Pride

Staying humble is a great asset to entrepreneurs. As business people and entrepreneurs, we need to recognize our strengths, weaknesses, faults, and attributes in order to be successful.

As some would put it “know your limitations”, but more importantly know your strengths.

Pride can be a huge source of failure. We must learn to trust in others and realize that many other people have great qualities we can utilize. Entrepreneurs struggle with this; we tend to be perfectionists and only we can do the job to our standards.

Arrogance can kill any business. Nobody likes the guy that knows it all. He is always the smartest in the room, craves all the attention, and is just plain annoying. You know the guy I am talking about. He has the best house, finest car, most beautiful women, and all the money. No one can top him in anything. Don’t be “that guy”, most likely it is all show anyway.

#9) Emotions

Creating a product or service out of emotion instead of research is a perfect recipe for failure. If there is no market, there is no business. Just because we love or need something, does not mean everyone loves or needs it. We must have a passion for the business, but we also must be realistic.

We must be in touch with our customer base. People like to feel important. In order to make customers feel important, a personal relationship with the customer is essential. Examples of this would be greeting the customers, sending greeting cards and loyalty rewards.

Having the ability to say “no” to friends and family can be difficult. I am sure you have heard it said, “never hire friends and family”. If you want to maintain a relationship with your friends and family, do not hire them. Do not let them guilt you into giving them a job. Giving can be an asset, but it must be for the right reasons and carefully thought out (Link 2).

Entrepreneurs keep their emotions out of the business.

#8) Attitude

A positive attitude is contagious, it will reflect upon customers and employees alike. The same goes for a negative attitude.

We all have good and bad days; think about this scenario for a moment. Wake up in the morning only to realize you’re out of coffee; so you get dressed and head out to discover you have a flat tire. You call the local mechanic to come and change the tire, but he is busy. Now you have to get dirty and sweaty, or wait an hour for the mechanic. Making it to the office late, you missed a call from an important client that cancelled his order. It’ 9:30 am and the day has already started out on a less than positive note. How would you deal with this situation?

This could be a great opportunity to regroup and reflect while relieving some stress at the gym. Afterwards, treat that client to lunch and talk over his account. Turn what started out to be a bad day into a great day. Sure beats throwing things around the office and having employees cowering under their desks.

Entrepreneurs know the importance of attitudes

#7) Focus

Focus is something that we all struggle with from time to time. We love our business, but there are aspects of the business that we just dread doing. Staying organized and focused on the task at hand can prove to be a challenge at times.

This is when we are faced with distraction and procrastination. It is often too easy to put off until later what needs to be done now. It seems there is always something that comes up needing our immediate attention. This is our subconscious mind protecting us from that painful task that we dread so much. Entrepreneurs know not give in to this temptation.

Entrepreneurs have minds that are always racing. We are constantly coming up with new ideas and solutions. The list can get quite long. Choosing which idea to focus on and see through can be a problem.

Most entrepreneurs have organizers for this reason. Staying organized and focused is key to success in any business.

# 6) Realistic Expectations

This is a problem for people just starting out in business. We start our business journey with high hopes, dreams and expectations.

We have this awesome idea in our head.” This is going to be fantastic; everyone will love us and we will be so stinking rich”. We start out on this fantastic journey only to be disappointed. Nobody loves us and we are deeply in debt.

Buying into the hype is something that people fall victim to all the time. I will not name the industry, but it takes a special kind of person to be successful in it. Things are often sold using psychological tactics like limited availability (scarcity). Many people are sadly disappointed when they realize they have bought into something that is not for them.

Entrepreneurs know the value of research and are always on the lookout for “too good to be true” offers. We must be realistic in our endeavors.

# 5) Acceptance

Entrepreneurs are human just like everyone else, we do experience failure. Failure is a learning experience to an entrepreneur. We accept our failure and learn from it.

Accepting the change that comes with trial and error is important. Entrepreneurs realize that their business may take a whole different direction than originally planned.

Most of us have financial limitations; learning to accept them is a key element in financial success. We must know what our return on investment should be verses what it is. Not being able to control our spending can be a huge pitfall. We must create a budget and stick to it.

It is often hard for an entrepreneur to admit he does not know it all, much less cannot do it all. Learning to accept this fact and employ the right people for the job often takes humbleness and humility (Link 3).

# 4) Realization

Common myths among people that do not own their own business are quickly eliminated once they venture out on their own.

You are your own boss; that is not true, everyone answers to someone. This could be investors, board of directors, government, or the customer. Quickly realizing that we now have several “bosses” instead of just one is something to be “accepted”.

More freedom to spend time with the family, take a vacation or just play golf. Entrepreneurs are on the job every waking hour. We might not be physically at the office, but we are constantly working. We come up with new ideas, solve problems and look for new opportunity.

Financial freedom is another misconception. Most entrepreneurs struggle financially at some point. We often go long periods of time without seeing any profit. The ability to accept that and look towards the future is a special quality. Being able to live outside the comfort zone and security of a regular paycheck takes a special kind of person.

Realization of any one of these factors can cause a person to give up. Entrepreneurs realize this from the onset.

# 3) Personality Traits

Personality traits play a big role in success or failure. Choosing the wrong business for our personality can spell disaster.

Shy or introverted people would do well to choose something that does not include a lot of public interaction. Working behind the scenes may be a better fit. There are a lot of successful business people that are not in the public eye.

Not everyone is cut out to be an entrepreneur, and not everyone understands this. Entrepreneurship is not something that can be learned. Business can be learned, but entrepreneurship takes a special type of personality. Time and time again people think that because they bought into a business or have a great “idea” for a product or service they can open a business. The above mentioned reasons are only part of this problem.

As entrepreneurs, we do not need to be good at everything or know it all. The most important thing is learning to use your strong suits in combination with those of others.

Entrepreneurs score high on the conscientiousness level of the Big 5 Personality Traits, but not to discount the other traits one might possess (3)

# 2) Beliefs

We must be aware of the things that we truly believe. Napoleon Hill quoted “whatever the mind can conceive and believe, it can achieve”.

Without getting into the theories of developmental psychology (and there are many), I will try to explain the concept of this theory. From the time we are born we begin to learn things from our environments (people around us) not all of them are good. Here are some examples; “money is the root of all evil”, or “money cannot buy happiness”.

As adults trying to make a better life for ourselves, we realize that in order to do this we need to make money. The more money we make, the better our lives will be.

About now, I am sure some are saying; “money cannot make our lives better”. Sorry, but that is the subconscious mind speaking from something that was learned long ago. Most do not realize it.

The theories of “self help” do work, but applying those theories is seldom taught. The key is repetition and replacing those self defeating thoughts with positive thoughts (Link 4).

Entrepreneurs know the value of self talk.

# 1) Fear

Fear is the number one cause for business success or failure. Yes, it can be a force for success. What drives us to get up in the morning and go to work? Fear of loss, or fear of lack. We know that if we do not get up and go to work we will not make any money. We will then lose our house, car, security, and even relationships.

Fear can be debilitating, it can cause us to avoid things and situations that can lead to our success. Example; a person that is afraid of flying must board an airplane to get to a very important meeting on time.

Maybe it is a fear of success. A person can be subconsciously sabotaging their success because they fear the responsibility that comes with it.

Fear of failure, some will not take the necessary risks for success for fear of failure.

Fear of change; people subconsciously do not like change. They cannot get out of their comfort zone no matter how uncomfortable they are in that place (Link 5).

Entrepreneurs know that in order to achieve the desired success they must take risks and do things they are not comfortable with.

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5 High End Career Skills

5 High End Career Skills You Need for Success

In the video below, Dan Lok explains the 5 High End Career Skills that one needs in order to secure high paying clients.

Below the video is the comment I posted.

I have all 5 of these high end career skills, including formal education and experience in these skills. My problem is finding the clients, especially the ones that are willing to pay the money. I have been doing this a long time, yet struggle.

If a company has not already hired a “firm”, I hear things like, “my wife takes care of that”, or some other relative they cannot get off their couch.

In today’s world, everyone is a marketer. Just because they took some on line course, or got involved with an internet based company, they are experts.

I am not saying they are no good, only that they have driven the prices one can charge way down.

Then there are the outsources. You know, the content mills that crank out articles for pennies, and sites like Fivver where people will do anything for 5 bucks. These places can be useful to consultants, just be prepared to get involved because you get what you pay for.

5 High End Career Skills and Sub-Skills

Along with these 5 high end career skills come subskills.

Quality content writing, and SEO Services are important sub-skills. You can hire the work out, but you must know what you are paying for.

Here’s the thing; we must market ourselves, and advertising is key. The trouble for me has been finding the clients that are willing to pay an amount that makes it worth my time, let alone anything extra to pay for advertising so I can get more clients.

I have reverted to the old fashioned way of door knocking. It is very effective, but extremely time consuming. I am old school (53), and cell phones are a huge pain in the ass. Deal breakers in any business meeting with a busy person, however, busy people are the ones that can and will pay you.

Basictech Business Services

Here at Basictech Information Services we offer a wide variety of business and consulting with affordable business solutions.

If you are struggling with the 5 high end career skills and sub-skills, we do give free consultations. Just ask in comments below.

Be sure to sign up with your best information so I can reach you and schedule a consultation. Don’t worry, we will not spam you, nor sell your information.

Return to Basictech Home Page

 

Merchant Solutions

Merchant Solutions with Business Loan Alternatives

Easy Application

NO Fees!!

Easily Qualify

  • 3 Months Merchant Account Statements
  • 3 Months Bank Statements
  • One Page Application/Bad or Poor Credit OK

Need Capital Fast?

Turned Down by Your Bank?

Mom and Pop Merchant Solutions makes getting the funds you need easy and hassle free.

Use the money for anything you wish.

  • Expansion
  • Investment Capital
  • Advertising
  • Bill or Tax Payments

No need to give us an explanation, if you take a vacation.

Get started NOW!

Receive your money in 5-7 business days.

Text your email address to: (614) 636-2150

MPMS is represented by Randy Baith: Owner of Basictech Information Services LLC, Col. Oh. www.basictechinformationservices.com

Want to know more? Click here, or submit your comment/question below.

 

Easy Business Loans

Basictech IAPWE Member

International Association of Professional Writers and EditorsBelow is a letter to certify that the Basictech Author Randy Baith is a member of the International Association of Professional Writers and Editors (IAPWE).

 

IAPWE | International Association of Professional Writers & Editors
1732 1st Ave
New York, NY 10128

To whom it may concern,

This letter is to serve as confirmation that Randy Baith of Basictech is a member in good standing with the International Association of Professional Writers & Editors (IAPWE).

Randy Baith has provided sufficient evidence through his work to indicate that his abilities are at a sufficient level of proficiency such that they were accepted into our organization and continue to prove to be both a reliable and valuable resource to our organization.

This letter also serves as a recommendation of Randy Baith since we have found this member’s skills and aptitude to be such that they would serve as a valuable resource to any other person or company that were to utilize their services.

Best regards,
Melissa Coleman
Membership Coordinator
IAPWE | International Association of Professional Writers & Editors

Basictech strives to give our customers the best in quality content.

This letter was slightly edited. You can download or view the original letter here.

Return to home page click here.

Easy Business Loans by Basictech

Easy Business Loans

We have recently teamed up with a nationwide business loan company to provide easy business loans by Basictech

The business loan company we have teamed up with is called Mom and Pop Merchant Solutions, and they are serving all 50 states.

Please note:  Mom and Pop Merchant Solutions ONLY accepts applications through their ISOs, so if you are considering applying for a loan, you must contact us, or another ISO.

Easy Business Loans

I titled this post Easy Business Loans by Basictech because I have never seen any institution make business loans so simple and easy as Mom and Pop Business Solutions.

The application is about a half a page long, and the approval process takes just a few days. They pride themselves on being able to fund businesses in just 5-7 business days.

These are not conventional loans. They are considered “Business Loan Alternatives”, in all states with the exception of California.

MPMS are purchasing future receivables at a discount, so the paperwork and approval process is much simpler.

Advantages of Business Loan Alternatives

There are certain advantages to business loan alternatives to include:

  • No fixed payback schedule
  • Application process is quick
  • Cash in business account in days
  • Completely automated payback
  • No hidden fees
  • No collateral
  • No late fees
  • Credit score does not make or break the deal
  • Cash flow friendly

How to Get a Business Loan

The first step is to contact me at: randy@basictech.company.com

Call (614) 636-2184. You may also use the contact form at the bottom of the page if you have any questions.

You will need 3 months bank statements, and 3 months ACH statements for your business.

If you do not take credit cards, then you will need to provide 6 months worth of bank statements.

How Much Can I Borrow?

The loan amount depends on your monthly revenue. Mom and Pop Merchant Solutions loans up to 2X your monthly gross income.

You must have a minimum of 1,250.00 of monthly gross income for your business, so the maximum loan amount on that income is $2,500.00.

The maximum loan amount that any business can borrow is 1 million dollars. This means that you would need to have $500,000.00 in monthly gross income.

What is the Interest Rate?

Interest rates are determined on a case-by-case-basis. Basictech cannot, and will not speculate or guarantee any specific interest rate.

We will however tell you that the interest is fixed. Mom and Pop Merchant Solutions will review your application and make you an offer based on certain criteria.

Please note that your personal credit is not a major determining factor. However, they reserve the right to pull a credit report. These loans are based on your business gross monthly income and business activity.

The time you have been in business, and your online reputation are initial determining factors. If you have a good business, you will get approved.

Just a note: Basictech can help you get a good online presence, and put your business on the map with our Business Optimization Services.

They will give you the terms, and you either accept the offer, or you don’t. It is that simple, and there is never a fee.

The interest charged is not accumulated. You will know exactly how much you will pay back, and the time given to pay it back.

Penalties and Rewards

This is one of my favorite aspects of writing this Easy Business Loans by Basictech article.

MPBS will work with you. They will reward you with discounts for being a good customer, and will not charge you penalties for unforeseen problems, or early payoff.

Example: Say you own a store, and it gets ripped up by a storm. As long as you are up front with them, and let them know what is going on, they will work with you.

They also do not charge a pre-payment penalty like most lending institutions. If you pay your loan off early, they may give you a discount on your money.

MPMS also rewards good customers with better rates.

Get a Business Loan Fast

With easy business loans by Basictech, you can have the money you need in 5-7 business days. The application process is easy, and never a fee to apply or get the money. Email: basictech.pi@gmail.com,

Text your email to (614) 636-2150, we will send you the application.

You can always use the form below for any questions or comments.

Basichtech buys properties

Article by Randy Baith, Author Basictech Information Services

 

Basictech Website Optimization Services

Below is a list of Basictech Website Optimization Services we offer here at Basictech Information Services. This goes beyond SEO, and can increase your page rank.

We will work closely with you to resolve issues, and maximize your business potential at an extremely affordable rate.

The whole world is now literally in the palms of your hands, so why not capitalize on this opportunity to capture more customers?

Build a Website or Blog

In today’s business world, it is not enough to just have a website or blog. When people search for products or services, they go directly to the internet. Is your business being found?

I know it may be a little hard to believe, but there are still plenty of businesses that do not have a website or blog. Also, some may have a website, but it is not up to date and is just sitting in cyberspace never to be found.

Why is Your Website Not Being Found?

There are several factors that come into play when it comes to getting found on the internet, much less getting to page one.

We hear a lot talk about SEO (search engine optimization) but there is a lot more to it, and the implications can have a great effect on your business in positive or negative ways.

Here are just a few things that can help, or hurt your web presence.

  • Domain and domain age
  • Regular updates
  • Backlinks and broken links
  • Page loading time
  • Quality relevant content posted regularly
  • Social media
  • Business listings

These are just a few factors that Basictech Website Optimization Services can help you with having a good internet presence and attracting customers.

Basictech can perform an audit on your website according to Google standards. We also have a software program that can search your site for errors. Errors can have a dramatic negative effect on your website search ability.

Is Your Website Mobile Friendly?

I am listing that one question first because of the extreme importance of having a website that is compatible with mobile devices.

This is pretty obvious given the fact that almost everyone has a mobile phone with internet access in their possession.

If your website or blog is not easily accessible, or easily read on a mobile device, then you are missing out on potential customers.

Why is Website Content Important?

Whenever someone searches for anything on the internet, they are looking for useful information, so website content is extremely important.

There are 2 main reasons for this:

  1. If a person goes to your website and is able to read valuable information on the resolution of their problem, then they will stay on your site longer. This tells Google that you have relevant content, and will in turn increase your page rankings.
  2. Good quality relevant content also builds trust. As business people, we know that building trust is top priority in getting and retaining customers or clients.

Bad grammar, spelling, and poor content can hurt your business. How can anyone be expected to trust that you are an expert in your field if your content is loaded with grammar or spelling errors?

Poor content is also a factor. We all know how frustrating it is to search the internet for information and waist valuable time sorting through all the generic articles with poor grammar and limited information leading to a bunch of sales crap, or trying to get your email address so they can spam you later.

Reputation Management

It is a known fact that people are more likely to write a complaint than a good review. It is basic psychology based on emotions. When people are happy with a product or service they will tell friends and family, but if they are unhappy, or feel cheated in any way, they want to scream it from the rooftops.

As business people, we know that there are some people that you just cannot please. Then there are those that are just trying to get something for nothing, and they will go to great lengths to get it.

Competition is also a threat. There are a lot of competitors that pay people (outsourcers) to write bad reviews on the competition. As a trained Investigator, I can identify and deal with these unscrupulous competitors.

Bad reviews and posted complaints can hurt your business significantly. We at Basictech know how to deal with this and can have your reputation restored in a short amount of time.

Is Your Website Monetized?

Website monetization is generating income through advertising of other products or services on your website.

There are many ways to monetize your website, and anyone that has a website or blog needs to have it monetized. If you are not monetizing your website, you are leaving money on the table.

This is something that can be discussed in you initial free consultation and website review.

Basictech Website Optimization Services can increase your bottom line with some very cost effective methods to land you more customers. Call us today for your free consultation (614)636-1845, or use the form below.

 

Human Traffickers Recruiting on Craigslist

Human Trafficking

Craigslist is one of the foremost places for job searches, but I have found that among the scams, there are also human traffickers recruiting on Craigslist.

Please allow me to explain this. As many of you know I spent a few years living in the Philippines, and I have tried to help the Philippine people avoid scams by providing information on outsourcing scams.

You can read the full article on my Basictech News site that has the complete email conversation I had with a suspected human trafficker.

Basichtech Investment Services

Job Listing at Basictech Sales Reps

Basictech Job Listing; Sales Reps

Basictech sales professional wanted nowThis job listing at Basictech is an outside sales reps position with a nationally advertised company.

Basictech Information Services is hiring sales professionals for a nationally advertised company in the Southwest and Midwest portions of the United States.

This is a REAL commission sales position with a 30+ year old company in an unsaturated market. They are a leader in their field, and only advertise via TV and Internet.

We are NOT promoting any MLM or Biz-Op; neither Basictech or the company it represents will ever ask you for a fee, or require the purchase of any product or service pertaining to this job opportunity.

We are seeking to hire professional closers with outside sales experience. No cold calling EVER!! The company provides 100% of the pre-qualified leads.

The company is looking for sales professionals that can close the deal. Good closers can easily make $3,000.00 per week without having to work all day and night.

No Cold Calling Sales

These are leads from people that have requested the products and services.

All leads have been screened and pre-qualified for financing in an unsaturated market.

The company sets all your appointments (2-4 per day/6 days per week), so there is no need for you to set any appointments.

All appointments are confirmed that all parties involved in the decision are present before you arrive. This eliminates dead runs.

Job Qualifications:

Must have outside sales experience, or experience in car sales, mortgages, lending, or anything that required you to close the deal.

We are looking for closers, the leads have already been pre-qualified, and remember, these are non-solicited leads. The customers have requested the product.

Education is not important; they are looking for closers, not scholars

Attention to detail is a must, and you must be dependable because there is no time to waste here. This company does not accept excuses.

Most important; you MUST be professional, and remember that professionalism starts with your mindset.

What the Job Offers:

  • Pre-Qualified leads in an unsaturated market
  • 50/50 profit share commission (Average $600-$700 per close)
  • No show, or dead run precaution measures
  • Training
  • Gas money to run your first 10 leads
  • Great support

Job Requirements:

  • Driver’s license
  • Social Security card for ID proof (no exceptions)
  • Proof of insurance
  • A decent dependable automobile
  • Smartphone
  • The ability to work full time (6 days for the next 2 to 3 months)
  • Must be able to start immediately

How to Apply for Basictech Job Listing:

It is easy to apply for this Basictech job listing sales rep wanted, just submit your resume for a phone interview.

Please make the subject “Sales Rep”, and give us a good time to call for your first interview.

Basictech is screening all resumes submitted to us. We will call you for the first interview within 24-48 hours of receiving your resume.

This seasonal job has now ended, you can get on the list for next year by contacting us below, or send your resume to basictechrecruiting@gmail.com

 

Basichtech Investment Services

Market Small Business Diversify Assets

codex of money ebookAll businesses need to to ask this question “how can I market my small business and  diversify my assets?”

Increasing your bottom line needs to be one of your main concerns when it comes to marketing your small business and getting the maximum ROI. Click the link below to read the full article.

Source: How to Market Small Business?

Basictech Information Services offers many different ways to increase your ROI, and this also includes Internet Marketing, Forex Strategies, and Investment Services.

best forex strategy

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