Once you've established your business and built up clientele, it's time to focus on increasing your profit. The Direct Selling Education Foundation offers these tips for business owners:
Have a detailed plan, but be ready to adapt. Business plans can't anticipate every circumstance, so you need to be flexible and willing to adapt as necessary.
Be a creative problem solver. Think outside the box to figure out what your business is lacking.
Persevere. Don't let the roadblocks keep you from success.
Have mentors. Seek out mentors who have been successful and pick their brains for ideas you may not have thought of. Most people are happy to share their success stories with others and "pay it forward".
Stay lean with your budget. Be careful with how you spend, be aware of every aspect of cash flow and find ways to decrease spending.
Believe in yourself. If it's in your heart to succeed, you will always find the motivation to continue. It's a good idea to seek out people who can boost your self-esteem when you are facing doubt.
Can you offer any additional tips?
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August
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- New signal begins operating on Highway 10 in Hawley
- 2ND ANNUAL ND BBQ CHAMPIONSHIP
- UMC Named Among Top Schools in Minnesota for Safet...
- NDSU Offers Free Soil Testing at Big Iron
- Detour on Demers Avenue in East Grand Forks begins...
- Hiring a Business Consultant
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- No ATV registration or trail pass needed Labor Day...
- DNR begins recruiting process for new officers
- Deadline for firearm, muzzleloader deer lottery ap...
- Funding available for shoreland vegetation projects
- Surplus prairie chicken licenses on sale Sept. 9
- Finding a Domain Name Service
- German Culture Day Sept 28 at Hjemkomst Center
- Bernard Franklin to speak at UMC Thursday, Sept 5th
- Soil Salinity Field Day Set for Sept. 5 Near Grand...
- Construction work on 52nd Avenue South overpass in...
- Making the Best Virtual Impression
- Lane restriction on Highway 1Red River Bridge in O...
- Another busy weekend for roadway construction and ...
- Highway 92 to reopen near Bagley
- MDA’s annual Greenbook highlights sustainable inno...
- Fall Semester 2013 Brings Changes to UMC
- Winger Native Crowned Princess Kay of the Milky Way
- Culvert cleaning & repair to take place on highway...
- Highway 10 fully reopens between Detroit Lakes, Bo...
- Work continues on Highway 59 near Plummer
- Avoid These Marketing Pitfalls
- Buff-breasted Sandpiper on Herdla
- Detour on Highway 200 near Halstad begins August 26
- Owners of 22,000 registered feedlots need to re-re...
- Tips for Finding Legal Services
- Public invited to comment on experimental fishing ...
- DNR urges boaters to stop ‘power loading’ when loa...
- DNR seeks designs for Minnesota's 2014 pheasant stamp
- NW MN FOUNDATION OFFERS FUNDAMENTALS OF GRANT WRIT...
- NDSU Horticulture Research Field Day Set for Aug. 20
- NDSU Master Gardener Classes Set to Start Sept. 27
- Row Crop Tour Set for Sept. 5
- MPCA accepting comments on waste concrete permits
- 3rd Annual Mary Tyrrell Health Walk for Scholarshi...
- Time to Make More Money
- National Grid Utility Scam Targets Businesses
- Is Your Digital Marketing Outdated?
- BBB is inviting YOU to write for our blog!
- MNsure to Host Twitter Town Hall Monday, August 12
- Helping Customers Find You
- ND DOT I-94 Fargo update
- Department of Commerce offers assistance and infor...
- Hundreds of bicyclists to tour central Minnesota A...
- FTC Privacy Rules - What You Need to Know
- Application deadline approaching for 2013 Camp Rip...
- Five Steps to Building an E-Commerce Site for Your...
- Gigantour 2013 at Scheels Arena is canceled
- August is good time to check on your child's vacci...
- Revised Nitrogen Fertilizer Management Plan Draft ...
- Governor Dayton declares August 4-10 Farmers Marke...
- Taxpayer assistance grant to help growing needs of...
- Commerce Department urges consumers to use caution...
- Mahnomen & Norman Farmers Union Conventions to be ...
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- Does Your Business Plan Have ADD?
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