Have you ever wondered what it takes to run a successful Online Business?
Inside Tip: It's a bit like real life 😉
I will provide you with tips and principles to point you to success in online business. It doesn’t matter whether you own a business, want to own a business, or play an important managerial role, there are certain traits and habits that you can adopt that will determine whether or not you can be successful in the long term. Below will cover the 20 tips and principles that I think are fundamental to achieving success.
Principle #1 – Stop Complaining Whenever it comes to success and business, the best place to start is by committing yourself to not complaining. Of course, it is perfectly fine to raise concerns, to question dubious choices, and to remain thoughtful and analytical at all times. However, needless and persistent complaining generally accomplishes nothing positive. To the contrary, it drags you down, reflects poorly on you, and can transform otherwise productive co-workers into cynical, whining unproductive co-workers.
OK, you be a one person business and have no co-workers around you, but this principle applies to others. Maybe your web host when you have a support issue, or your website tech person. If you present yourself as a complainer to the people you need to help you succeed, then you may find the more you complain the slower you get the work done. Worse still, the next time you call they refuse to work with you so you have to start your processes all over again.
In short, focus on solving problems, not complaining that they cannot be solved.
Principle #2 – Strive to Reach Your Full Potential One of the things that prevents many people from achieving the best possible outcome is complacency. Once they begin to do well at something in business— be it advertising, inspiring employees, or something else—they take a miniature mental vacation.
That is—instead of developing things up further, they let things play out and contribute nothing additional. The usual end result of this is generally not positive
Within your context aim to keep moving forward. Don’t become stagnant and unproductive.
So, instead of being complacent, push hard to reach your full potential at every turn.
Principle #3 – Limit Your Use of Short-Cuts Of course, some short cuts are a good thing. If you can find a way to go from point A to point B in half of the time and there is no downside to the new route, then you should of course take it.
But in many instances in business, we do face trade-offs. For instance, we might be able to cut costs by not giving employees a raise, but as a result, they might become disgruntled and intentionally shirk their duties.
So, in general, limit your use of short cuts. But if you see one that’s good and doesn’t appear to have a downside, then seize it, but do so considering the future consequences both good and bad..
Principle #4 – Be a Continuous Learner People have different learning styles. Some learn all the time; and find ways to incorporate that learning into their lives as they go. These people are continuous learners.
On the other hand, most of us learn in discrete chunks. For instance, we might find out how to use a new software program, but immediately after doing so, we will cease to learn anything new about it until it is absolutely necessary.
In general, those who learn in discrete chunks often find themselves at a serious disadvantage, as they often neglect to learn many important new things about products, people, and tools they interact with on a daily basis.
So try to be a continuous learner. It may be difficult, but you’ll be happy you made the switch.
Principle #5 – Always Have a Plan – Even if You Don’t Use It Some people serially-plan their lives. For each minute of the day, they have something scheduled. Like clockwork, their days play out with very few unforeseen events.
Initially, you might think this sounds boring and inspiring, but in business, it is the status quo among those who are most successful. And remember, even if you don’t opt to use your plan, at least you will have the option to do so.
Principle #6 – Don’t Dwell on the Past It’s impossible to go throughout a career without hitting a number of bumps in the road. No matter how hard you try, no matter how thoughtful you are, you are bound to hit snags in the road.
And when you do hit those snags, your reaction to them will forever influence your capacity for success. You can either learn from them, move on, and continue on your career; or you can harp on them for weeks, months, or even years—allowing them to drag you down at every step of the way.
No matter how bad your failure was, it’s over. All you can do now is work carefully to improve your future prospects.
Principle #7 – Give Up When It’s Wise to Do So – Not When it Is Convenient Most people give up for reasons of convenience. They hit a nasty snag in their career; and they simply cannot find a way to propel themselves forward immediately, so they just give up.
Instead of backing off, consulting a colleague, and then heading back to the problem with a refreshed and nuanced perspective, they give up before they give the
scenario the chance to play out. As a result, they deny themselves the opportunity to fight back and succeed. At the right time, when it gets hard to persevere.....then persevere!
Principle #8 – Listen to Those Around You One common trait among those who are successful is that they listen and understand others. Instead of seeing everyone around them as inferior fools with nothing to contribute, they understand that most good ideas come from other people—not from themselves. If you want to be successful, too, you should follow this practice carefully in your daily business relations. Even if you listen to bad advice it might give you insight to what can work. Just because you listen to others does not mean you have to do what they say. Simply be open to learning from listening.
Principle #9 – Have Patience One of the most common traits among those who are successful in business is patience. Those who don’t have patience always find themselves trapped in the plans of those who do have it. So, do yourself a favour, and cultivate patience. Be the trapper—not the trapped.
Principle #10 – Don’t Settle In some cases, you will find that the deck is stacked against you and your plans; you will simply have to settle with the best you can get. But in most situations, this simply isn’t the case. So don’t find reasons to settle when you don’t have to. Instead, push hard and persistently for the best you can get.
Principle #11 – Create Opportunities—Don’t Wait for Them Many people who have not achieved success in business are under the impression that opportunities arrive passively. All they have to do is wait for one to show up on the front door; and then grab it. But, in fact, successful business owners and managers know that opportunities are usually created, not stumbled over. So make an effort to create opportunities in your daily work.
Principle #12 – Keep the Big Picture in Mind, But Stay Focused on the Short Term Process The big picture is important. It tells you where you are and where you’re going. However, in some situations, it can distract you from the task at hand. If you want to attain true success, then you have to know how to stay focused and effective on short-term problems, while also working within the greater framework of the big picture.
Principle #13 – Record Your Progress Identifying and recording progress is important. It tells you how far you’ve come from where you once where. If you don’t follow it carefully, it’s easy to miss that it has occurred at all.
So, as progress occurs, record it somewhere. Write down exactly what happened, why it qualifies as “progress,” and why you think it happened.
Principle #14 – Record Your Failures Similar to recording your progress, record your failures, too. No matter how bad a failure was, force yourself to think hard about it. Ask yourself what went wrong.
Also consider whether it was something you could influence or whether chance or someone else played an important role in determining the outcome. As painful as this process might be, it will help you to process your failures and to assimilate the lessons you take from them into future business decisions. And hopefully to prevent you making the same mistakes again.
Principle #15 – Do Not Allow Hope to Overcome Analysis Hope is an important emotional driver of actions. It can motivate you to continue on a path, even when you know the road ahead is difficult. However, in some situations, we simply allow hope to take over and ignore the consequences. If you want to be truly successful, then it is wise to practice “cautious optimism,” rather than chasing hope regardless of what your brain tells you. Hope should spur you to action not to day dreaming!!!
Principle #16 – Develop Good Habits Habits are things that stick with you and drive your behaviour, even when you aren’t thinking about them. For this reason, it is a good idea to try to develop good ones, such as responding to clients and customers in a timely manner, practicing courtesy, and facing challenges head-on, rather than slinking into the background. If other recognise you as conscientious worker it can only be to your benefit in the short and long term.
Principle #17 – Identify and Rid Yourself of Bad Habits No matter who you are and how successful you have been, you’re probably carrying at least a couple of bad habits. Perhaps you procrastinate. Or perhaps you become highly indecisive when the going gets tough. No matter what it is that you suffer from, identify it as a bad habit; and then get to work eliminating it permanently.
Principle #18 – Write Your Ideas—And Others’ Ideas Down Just because you’re no longer a student doesn’t mean you should stop taking notes. Next time you or someone else says something that is truly insightful or useful, jot it down as a note. In the long run, this will save you time and money, as you won’t have to waste precious time rediscovering your own and others’ insights.
Principle #19 – Set Goals This simple fact cannot be emphasized enough: one thing that separates the successful from those who have not experienced success is goals. The successful have goals; and these goals give them meaning and direction. If you’re lacking serious, meaningful goals, then you should spend some time to create them and then write them down.
Principle #20 – When It’s Time to Be Serious, Be Serious One thing that separates the successful from those who have not yet experience success is the ability to become very serious when it is important. Many of us simply cannot do this. Instead, faced with real problem that is potentially unsolvable, we use humour, procrastination, or some other device to shy away from the problem. But if you want to be truly successful, you must learn to get serious when it’s time to be serious.
Basically.....treat you business as a business not a game. Yes, if you can have fun working that is great. But keep on track and recognise your avoidance techniques.
To your success,