Tips for Success

20 tips for success

1. Note: Never settle…
Whether in traditional marriage or in a business partner, you better spend time with that person (s) and connect on all levels of life---spiritually-mentally-physically-emotionally-financially. Communicate your vision of the future and never settle, because of loneliness, and or need of capital.

2. Note: Expectation.
It's okay to have a vision, and aspirations, just be careful about expecting lofty goals (don't make unreachable goals, your whole world) to be handed to you. When you're in a giving state of mind, is when blessings can sneak up on you.

3. Note: Reason to be self-employed.
Status is not a good reason to be self-employed. Self-worth is something earned after hard work and living a giving life; achieved only after many years have been paid.

4. Note: Who you know.
Who you chose to hang out with: (even as a young person) will dictate your moral compass. If you are in business and you hang with fast, ruthless, hard living and drinking business people; you will reap what you sew.

5. Note: Humor.
Humor will not only make you popular, but also helps you sell when you get into your career; including attracting people who want to work with you. More importantly however, is the mental benefits of laughing off bad things that happen in your life. Keep creating those endorphins.

6. Note: Focus.
Focus is probably one of the more obvious; but yet, toughest things to achieve. The more creative you are, the more difficult it will be to stay focused when you see ideas, which you think you can do better.

7. Note: Surround yourself with the best team.
Having enough money is crucial. A good budget is needed to acquire the best attorney, accountant, advertising agency, consultant, and management team, because, if you don't, your competition will.

8. Note: Make accidents happen.
Constantly battle in the trenches---fight to be better, experiment with new ideas until (when you’re not expecting it) you stumble onto something your competition overlooked. Prepare for change, it can happen fast, what you do today might not be what you do tomorrow.

9. Note: Age and experience.
Establish a track record, have a history of success and dedication to your field. Track record, age and credit score, are what your bank is going to look at before giving you affordable loans. You can have the best idea in the world but, if you don't have a credit score of at least 700 before starting your own business, will put you at a great disadvantage. I recommend that you wait until you have an acceptable credit score.

10. Note: Drugs and alcohol.
Not being able to hold your alcohol is a deadly sin in business and in life. There is an epidemic of drug and alcohol problems in our country. Alcohol will get you to say things that will never be forgotten---at the annual Christmas party.

11. Note: Make decisions to improve your life, not to impress.
If you have made the decision to work for yourself, then do it for the love of your trade; not because your ego needs inflating. You don't need to impress anyone except your customers.

12. Note: Do business with people you like.
If you’re not getting the customer service you deserve, if you don't like his or her sales team, then go find someone else. If that isn't possible, look for a new idea or new avenue for promotion and or produce the parts in a different way. Investigate, experiment, just refuse to stay with a person or company that you don't respect.

13. Note: Natural Flow.
Life wasn't meant to be forced, that's not to say; you won't have problems, because you will. I'm talking about ubiquitous problems that seem to mount up from all sides with no end in sight. Luck, faith, talent, knowledge, timing, need and flow; all equal karma, if you've got these things... you've got it all.

14. Note: Failure is not always a bad thing.
If you’re doing what you love, and test studies show there's a market for what you love; then, never give up. Sometimes you have to be at the bottom without any support to make you think deep enough. There is something to be said about desperation, it makes you creative. You’d better get creative or it’s your ass, now you are ready to out think your competition, create a new style, idea or product, and venture into the unknown.

15. Note: Advertising Agency and image.
Remember that statistics show 80% of all advertising will fail. So, it's not just beautiful designs that you will get from your ad agency. Ad executives are seasoned pros, who have many years under their belts. They have a very good idea what works and doesn't work out there in the non-tangible world of: throwing money out the proverbial open window of the unknown.

16. Note: Know when to stop and take a loss.
I remember a friend years ago starting his first company, about the same time as me. It was a janitorial service and it was a pretty easy sell, because the need is great, companies out there need cleaning. But, it's a hard business to manage: employees are always going to steal and or be inconsistent at cleaning up; you almost have to have a supervisor for every employee. I was surprised when I heard that he gave the business up (a fairly successful company) to start a new one: restoring office systems furniture. He now has the largest remanufactured office furniture supply company in my state.

17. Note: Get it in writing. Everything.
It took many bad agreements before I realized have everything in writing---the closer the relationship, the more value on a written agreement. It will save relationships of all kinds. Put everything in writing, even if it's on a napkin at a restaurant, or in a note pad, on a scrap piece of paper, anything.

18. Note: Live in the real world (tangible) not the fantasy (non-tangible).
It's okay to be a dreamer, but dreams tend to supersede reality, you need to be grounded. That's where a consultant comes in handy. They can be considered a business psychologist; someone who can bring you back down to earth. It should be someone older and with more experience. These people have nothing to do with your family and or your partners or employee's; just someone's opinion that's outside the box.

19. Note: Business plan, with a Back up.
Cities and politicians feel proud when they have new businesses starting. Everyone gathers around, the media writes stories and everyone supports the new venture with smiles on their faces, never really thinking: what if it doesn't make it, what about a plan (B). It's almost a sin to have a plan (B) because, if there's money involved (and many times it’s borrowed) people are at risk. They don't want to think about losing. Why even bring it up, no one wants to talk about it.
“We just have forward thinking at this point,” most investors will say. Many of which are family members and friends. I've seen it time and time again. These businesses fail and that's the end of friendships, and in some cases, even families. Have a plan (B) and make it part of your business plan. Most, at the time, don't feel it can happen to them. That's why small businesses need to have an agreement with their investors, up front, to have an exit point. Most, if not all business plans, should include a plan (B) stating that: If this venture gets to a pre-designated-point of-loss, we have to hire a new management team---and designate who that would be---or partner and in some cases, even add a new owner. And finally; in the worst-case scenario, sell what's left, before losing it all.

20. Note: Balance.
Keep your family and friend's separate from your career and your business. If something goes wrong with your business; family and friends are your support to fall back on, something you will not have if you are in business with them. If at any time you need to get away (believe me there will be) you've got a release valve for emergencies. I will end with my most valuable note: go get your money somewhere else! Not family and friends. BACK TO CASH AND CARRY WOULD HELP ALSO!