Becoming Successful in Business
Date: 19/10/2006
Having a successful business can come down to a lot of things such as being in the right place at the right time, knowing the right people and having a good rub of the green. Becoming successful in business however relies on a number of key attributes to a persons’ character. The latter is also sometimes referred to as business acumen. A person with this acumen may start a business which may not be at the right time. For instance, a market may not yet be ready for a particular product. However, with this acquired business acumen then the next business they set up is more likely to succeed.
To become successful in business you require a good deal of FACE. Let me explain.
Focus
Focus is important to becoming successful in business. Without focus you can become easily distracted and lose direction. You can easily take your eye off the ball and let opportunities slip through your hands. When a lioness is hunting she must focus in on one target alone. If she loses focus on her target then the split second that is given to the prey means the lioness loses out on lunch. In business it is important to keep a target in mind and aim towards that goal. If there is not enough focus then that business is likely to flounder and fail.
Advantage
In business it is important to have a product that is different from the competition, something that can help seperate your product from all the others in the marketplace. A good businessman will spot this and push that product. They will sell the unique benefits that their product has other the competitions’. Therefore, advantage is possessing the vision to understand and promote product and service benefits over that of your competitions.
Creativity
Creativity, innovation and vision are key to succeeding in business. Creativity is the most important aspect of success in business. Creativity is having the vision to look at products in the marketplace and creating solutions to peoples’ problems at an affordable price. Creativity involves thinking of new ideas, assessing them and then taking advantage of those new opportunities and creating a valuable commodity.
Ego
Ego is something individual to everybody. Everybody has a different personality with differing personality traits. It helps us judge things we hear, see and experience and dictates how we react to those things. Some of our traits are obvious to others whereas others are only known to ourselves. Being successful in business means that we have to be able to be honest with ourselves and understand what success is. To some, success is financial freedom whereas to others success is being the author of our own destiny. However, you cannot rely solely on self-assurance, dedication and perseverance. You must be able to make calculated risks and have mental courage to hold out over the rough times. It could on the same measure be knowing the right time to give up on a project to mitigate loses. Afterall, good businessmen and woman do not blame others for their failings – they learn from that experience and bounce back.
If you are serious about becoming successful in the businesses world maybe you should first evaluate whether your FACE fits?
