Starting a business and becoming successful is often part of the American Dream. But there is a difference between starting a business and building a successful business. Many businesses fail within the first few years of existence due to the lack of planning for the long-term. There is not enough vision and there is not enough done to strengthen the business properly from the ground up.
If you want to start a business there is an easy way to get a better understanding of why some businesses fail and others don't. When starting a business think about it similar to building a house. If done right it is protecting you against any kind of storm or danger of the outside world and will last for a long time. It offers shelter and protection. For you and your business that could be translated to that you want to have a business that is able to weather economical ups and downs (=storm) and that will provide income to pay the bills (shelter and protection).
When building a house there are several different steps you need to follow to have the house build. You know you want a house Jordan Bell Timberwolves Jersey , but you got to pick a location and get an architect to plan everything out. In the business world that would be: you know you want to start a business, but you have to come up with a business idea and work out a business plan. The next thing for the house would be to build the foundation (and eventually the basement) for the house. In the business world - you got to build the initial infrastructure (example: connecting with vendors, find a manufacturer for your product, create a sales team, rent office space, get a delivery truck Noah Vonleh Timberwolves Jersey , etc.). Once that is in place you able to actually do business and earn some money. But you are not completely done yet. You need to build a frame, put in windows and you also need a roof on house. For your business this means that you pay off debt, improve business processes and get professional help when needed (example: find a tax accountant, select a payroll service, etc.).
Once the house is build you probably want to fill it with furniture and make it livable for the future. Nobody wants to sleep on the floor, right. Again translating this to the business world it could mean that you invest money you earned back into your business. You buy machinery instead of leasing it. Eventually you buy a building Robert Covington Timberwolves Jersey , hire more staff, develop more products, move into new markets, build up a high cash reserve, and buy other businesses and so forth. This is often the step where winners and losers separate. Re-investing money into the business is a key factor for success. If you go and spend all the money on your own salary to buy things you have nothing to go back to when the economy slips into a recession or if disaster strikes.
The successful business owner has build up a cash reserve or can borrow money from bank ? securing loans with the assets of the business. Going back to building a house this pretty much matches the same efforts. You pay off your mortgage and have equity available to eventually borrow against when emergency arises. Emergencies do not include paying off credit cards to use them again or to buy a car. Financially responsible you should be looking at the long term and not finance short-term goods with long-term debt. I am sure it is safe to say that each of us has had times in our lives when we had hopes, anticipation Keita Bates-Diop Timberwolves Jersey , expectations and events where we desired a certain outcome.
I am sure it is equally safe to say that when any of them did not turn out the way we had wished, we felt some measure of pain, disappointment, anger, sadness, or turmoil.
Can you relate?
The purpose of this article is to change that. Just as alchemy can turn base metal into gold Jake Layman Timberwolves Jersey , you will soon learn how to turn your suffering into golden freedom from inner anguish.
Our human minds, thoughts, and beliefs have been conditioned for eons to believe that some future event will bring us happiness. As a result, we are constantly seeking.
We are projecting our vibrant and passionately alive state on the condition that once we have whatever event, person, material thing Josh Okogie Timberwolves Jersey , title, award, or circumstance, we will THEN have happiness.
Our ego tricks us to believe that we are not sufficient at the present moment. No, we don't have such and such yet; but once we do THEN we can be happy.
Does any of this sound familiar? In any area? In any way?
When whatever we receive is not to our liking, we feel resistance. It is the resistance to our deep belief that our current state of being is not good enough which has us hinging our happiness on something we think we need to acquire in order to feel happier. It is seeking in the future.
Please let me know when you arrive at your future Shabazz Napier Timberwolves Jersey , I would like to meet you! Shall I check back with you in ten minutes? Will you be there then? I didn't think so.
Where will you be? In the moment. Please do tell me when you will ever NOT be IN the moment, I would like to meet you too!
THIS moment is an extraordinarily powerful and positive place to be.
The alchemy occurs when we fully accept this moment, what we have, and the situation at hand exactly as IT IS NOW, rather than resist it. Perhaps this moment may not be your preference. That is awareness! Perhaps you would prefer this moment to look different, but it does not. It is what it is Jerryd Bayless Timberwolves Jersey , and there is a reason for it to be so.
Why? I'll tell you.
Every event in our life is brought to us in order to help us grow from within to BE the highest and best version of ourselves we can ever hope to create.