Five Building Blocks to Success

Things you will need to achieve success in business and in life.

However you define Success, there are five things that every entrepreneur needs to stay in the game and win:

1.       PASSION

The first step is finding your passion. What do you want to do? What are you good at? What beneficial thing would you still do even if you were not paid to do it? Answering these questions will help you identify your passion or gift. Once you find your passion, you can start thinking about how to turn that passion into a business. If you’re not sure what your passion is, that’s okay! Find ways to help the people around you. Serving others is one of the fastest ways to finding your fit. Help and serve others until you find something that feels right. Your passion is what will fuel you to keep going in the tough times!

2.       A GREAT IDEA

You need to have a great idea for a business. Just because you are passionate about something does not mean that it is a good business idea! You would be surprised how many people try to start businesses without any clear vision or direction. Without a great idea, your business will struggle to gain traction and grow. How does your idea benefit the people around you? What value does your idea add?

3.       A PLAN

If you fail to plan you are planning to fail. You need to create a plan. A business plan is a roadmap for how you want your business to run. It should include your goals, strategies, target market, and financial projections. Creating a business plan will help you figure out how to turn your passion into a money-making endeavour.

4.       TENACITY

It takes a lot of hard work. The late nights, the endless hustle, and the sacrifices you must make to get your business off the ground are not for everybody. But if you’re willing to put in the work, it can pay off handsomely.

5.       RESOURCES

You need to be able to execute on your idea. Having a great idea is one thing but being able to turn that idea into a reality is another. For this you need resources, including financial, I.T. and human resources. You’ll need to put together a strong team of people who share your vision and who are experts in their respective fields.

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Read the full article at: https://rethinksource.com/the-planned-pursuit-of-entrepreneurial-success/