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Index –› Careers & Employment –› Entrepreneurship
 

Successful Small Business - The Top Three Requirements

 

Passion

Entrepreneurship is about being truly and fully passionate about a product or service. It doesn't matter what your passion is, whether it's chocolate, IT, cleaning houses, dust balls, cats, video, matchmaking or information. If you have a genuine and heart felt passion that is half the battle in starting and seeing through a business. Go for it! Start now!

Perseverance

Without perseverance an entrepreneur will undoubtedly fail. I believe perseverance is the single most important trait an entrepreneur can possess. And if he/she lacks perseverance then they need someone to inspire / support them. Perseverance includes believing in yourself and rising above the financial challenges, competition, time constraints and dozens of other challenges. Without the support of my wife (who is a successful entrepreneur with two businesses) I would have possibly folded up my business. Since I am now seeing results, that would have been a colossal mistake.

Always Understand The Competition

Bill Gates has stated that the most important contribution to his success is understanding the competition. If you dont understand the competitions focus and strategy, you'll soon find yourself bleeding customers to them. Always, always, keep on top of what your competitors are doing. Never underestimate them.

1 Passion
2 Perseverance
3 Always Understand The Competition

Please consider this article for your website, blog or ezine. Permission to reprint if by-line stays intact and links are activated on the Internet.

Author: Terry Vermeylen
 
Author Bio:

Terry Vermeylen

I truly believe that our current lifestyle leaves us with little time to breathe and reflect on the path we are taking in our lives.

Hi, my name is Terry and I am the founder of mylifechanges.com, an online value identification and goal setting enterprise. I have a great passion for life and self-improvement, thus I created this website to share my passion and to move people to improve their lives by living through their core values and setting lasting goals. My own personal core values include passion, wealth, beauty, action, compassion and appreciation. My primary passion is wealth building using common sense.

My idea for the website started with my passion and study of philosophy, psychology, self-improvement and business. I own and draw from an extensive collection of books on all these subjects. I also enjoy writing and will be publishing a newsletter focusing on value and goal setting, as well as a number of other self-help subjects. I have worked for three major corporations in a wide range of jobs and also clearly understand the corporate world. Most recently I worked as a business analyst performing process improvement.

It takes about 30 days to break in a new habit, so My Life Changes is an in-your-face, self-motivating tool, with bright colors highlighting each day taken towards that new goal, habit or choice.

My Life Changes has added on a timeline section, journal and e-mail reminders as complementary tools to your quest for a better life. A prototype of My Life Changes was used for over a year before settling on the current design. It has been a genuine labour of love.

I hope you enjoy it as much as I do.

Please don't hesitate to ask any questions concerning the web site or any of my self-improvement philosophies. I will be more than happy to answer.

All the best,

Terry Vermeylen

 
 
 

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