What Home Business Owners Do to Achieve Success By Leslie Truex Updated July 26, 2016 Successful home businesses ...
What Home Business Owners Do to Achieve Success
By Leslie
Truex
Updated
July 26, 2016
Successful
home businesses aren’t built solely on products/services and
social media. Instead, business owners seek to do and be better in
everything from their products and services, to their personal
development. If you're serious about achieving your goals in home
business, you should cultivate the habits of successful
entrepreneurs.
1. Focus on value:
No
doubt you started a home business to make money, but focusing on the
money may hurt you more than help you.
The
reality is, money follows value, so by providing a product or
service your market needs is the best way to insure income.
2. Stay attuned to customer needs and industry changes:
The
best example of why it’s important to stay attuned to customer
needs and industry changes is the publishing world. While Amazon
slowly but surely changed how people read, publishers and large book
stores, such as Barnes & Noble and Borders, continued the
business practices they’d had for decades. As a result, publishers
and bookstores are scrambling to figure out how to survive in
the digital world. Had they been paying attention, they would have
made the necessary adjustments to keep readers happy and better
compete with Amazon.
3. Build relationships:
Connections
and relationships are the cornerstone of any successful business.
Today,
consumers
want to have a relationship,
or at the very least feel heard, by those they do business with.
Customers and clients aren't the only people to connect with. Build
relationships with influencers in your industry, others you work
with (i.e. suppliers or contractors), media resources, and anyone
else you're in touch with during the course of building your
business.
Done
well, building
a network of
relationships will lead to referrals
and testimonials,
support and feedback, and other beneficial contacts.
4. Invest in knowledge and personal development:
Not
only do you need to keep abreast of customer and industry changes,
but you need to keep yourself knowledgeable and confident. Knowledge
helps you provide better service and stay on top of advances and new
trends. Working on your own
personal development keeps
you inspired and motivated, which is especially important when
things aren’t going as planned.
5. Take care of themselves:
In Thrive,
Arianna Huffington discusses how she had all the hallmarks of
success, except that she was so driven, she collapsed from
exhaustion. There is a saying that if you don’t have your health,
you don’t have anything and it’s true. History is littered with
people who had money and fame who died young. An important component
to success is self-care, which not only keeps you healthy, but
alsoreduces
stress.
That means getting plenty of sleep, eating right, exercising
regularly and taking time to nurture your soul.
6. Have a life outside of business:
Part
of taking care of yourself is having a life outside of business.
Even if you love your business, it’s important to have other
aspects of your life. Having a life outside of business can
encompass many things including family and friends, hobbies, travel;
anything you enjoy not related to your business.
7. Builds Efficiency through Tools, Systems, Outsourcing and Delegating:
The
only way to practice self-care and have a life outside of your
business is not do it all, and be more efficient in what you do.
Tools and systems save you time through automation and habit. But
even the best tools and systems won't allow you to focus on what you
do best.
At some point, you should invest some of your profits
into outsourcing
activities that
you don’t have to do, such as managing email or writing marketing
materials. You’re not limited to delegating tasks in your
business. Consider asking your family to take on more household
responsibilities or pay someone to clean your home. Outsourcing and
delegating not only frees your time to do what you do best in your
business and take time off, but also, since you can’t possibly do
and know everything that needs to be done/known, you’ll be getting
people who are experts at what they do, improving the quality of
your business.
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