Succeeding in your own business

1. Get the knowledge and experience you need to run your own business.

You can accomplish this by working for a successful person who can teach you a lot within a short time.

2. Read and study in business.

Read a few books and every business magazine related to your business. Keep learning and expanding your knowledge.

3. Realize all business involves a certain amount of risk.

Never invest your entire fortune in a new business. It is wise to take the advice of professionals in financial matters.

4. Develop self-discipline and stay focused.

The effort you make each day will determine whether or not you will achieve the success you desire.

5. Commit to your business idea.

And all those who are part of your plans including your employees, friends, and family members.

6. Be patient.

No tree bears fruit overnight. You need to be patient to reap the fruits of your labor by being steady and focused.

7. Be optimistic.

Expect the best but be prepared for the worst. This will save you from a lot of wasted effort, and it will save you from the agony of unexpected surprises. Life is full of ups and downs, so just be prepared in the event that things don't work out as planned.

8. Admit your mistakes and learn from them.

Try to avoid repeating your mistakes. Treat every disappointment as an opportunity to learn and excel.

9. Never give up.

Persevere, no matter what setbacks you experience. You should never allow little roadblocks to stop you, if you want to achieve success in life.

Also read the article money saving ideas for small business.

Taken from: News Straits Times - 18 July 2012 (article), Google (images).