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Entrepreneurship Discussing An Oft-Overlooked Key to Business Success Al Walsh Walsh Enterprises   Business & Financial Ad...
<ul><li>The internet is awash with advice on how to succeed in an entrepreneurship, so I won’t bore you with the usual man...
<ul><li>Your customers, employees, and vendors are all going to drive you crazy from time to time.  People screw up.  Cust...
<ul><li>Unless you’re one of the incredibly lucky few who come up with a product or service that’s so hot you can practica...
<ul><li>Just the day-to-day strains of doing business will challenge you, but then there are the disappointments and “surp...
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Entrepreneurship

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Discussing an Oft-Overlooked Key to Success.

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Entrepreneurship

  1. 1. Entrepreneurship Discussing An Oft-Overlooked Key to Business Success Al Walsh Walsh Enterprises Business & Financial Advisors Huntington Beach, California USA http://www.awalsh.us [email_address] (714) 465-2749
  2. 2. <ul><li>The internet is awash with advice on how to succeed in an entrepreneurship, so I won’t bore you with the usual mantras that are repeated over and over. </li></ul><ul><li>This presentation takes a look at a qualitative aspect which is seldom mentioned, but is essential to business success - PATIENCE . </li></ul><ul><li>Some will say: “Patience my butt, the most successful entrepreneurs are impatient and aggressive”. Aggressiveness and desire to succeed are admirable and useful traits, but anyone who’s run a business successfully knows that patience has to play heavily into their strategy. </li></ul><ul><li>Let’s take a further look. </li></ul>
  3. 3. <ul><li>Your customers, employees, and vendors are all going to drive you crazy from time to time. People screw up. Customers don’t always do what you want. “Shit happens”. </li></ul><ul><li>You’re going to make mistakes too, and you’re going to go through a heavy learning curve in developing your business. You’ll have to experiment and make decisions with imperfect data. Some decisions will go wrong. No two businesses are the same. </li></ul><ul><li>Your days will be filled with ‘surprise” events, because that’s the nature of life. </li></ul><ul><li>The natural stresses of a business start-up can be “back-breaking”. Success can be stressful in and of itself. </li></ul><ul><li>There are lots of other folks out there who will have an impact on your business whether you want it or not; such as tax & regulatory authorities. </li></ul>
  4. 4. <ul><li>Unless you’re one of the incredibly lucky few who come up with a product or service that’s so hot you can practically name your own price - and your biggest challenge is stocking the shelves as fast as the product flies off - you’re going to have to build the business up; and it will take time. </li></ul><ul><li>There are lots of challenges like these that are going to try your soul. </li></ul><ul><li>The Customer is King – You can’t let stresses impact the way in which you deal with your customers; even when they’re the source of annoyance. If you come across angry, or short-tempered, or cynical, you’ll drive them away. Even the best customers will try your patience from time-to-time. </li></ul><ul><li>Most employees and vendors try to do the right thing. Once in a while they’ll screw up - because they’re human. You’ll make mistakes too – because you’re also human. You’ve got to keep a cool head and an even hand in your dealings with these folks. You need them. If one of them becomes too much of a problem, don’t get mad – replace them. </li></ul>
  5. 5. <ul><li>Just the day-to-day strains of doing business will challenge you, but then there are the disappointments and “surprises” you’ll encounter in the natural course of building your business. You’ve got to learn to take these in stride. Only a rare few people hit instant success. The rest have to learn to deal with the ups and downs. </li></ul><ul><li>So, you see, Patience plays heavily into business success. Try to focus your energies and emotions in positive directions, and control your occasional natural desires to “strangle someone”. </li></ul><ul><li>Whether you run a tiny little startup or a major global corporation, you are the leader and you set the tone for the rest of the business. Everything you say and do, good or bad, will have repercussions. </li></ul><ul><li>What tone will you set? </li></ul>

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