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The Top 6 Things You Need to Know to Start a Successful Business

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starting a business

Congratulations for wanting to or already starting a business that you could call your very own. One of the hardest decisions you will ever make is to leave a cushioning job to start off a business that is going to lead you into the unknown. So now that you have started, what next?

I know that it has probably entered your mind at one point or another about the failure rate of people who start a business. It is definitely intense and scary to even think about. The last thing that you want to do is start a business just for it to close down in a few years.

So for all of you that have decided to be courageous and take the lesser traveled road, here are a few ways for you to stay in business:

1. Know Your Audience

One of several epic business fails is not knowing your audience. You can have this amazing product or service just to constantly get in front of the wrong people that don’t need it or don’t want it. If you know your audience, you will know where to reach them, what catches their attention, and how much they will pay for what you have to offer.

2. Brand For Success

Many businesses fail because people don’t know what they are, what they offer, and what makes them relevant. Branding correctly can solve these problems for your business and yourself.

When branding yourself, you need to know your Business Archetype, what you stand for or against, and because it is a noisy marketplace, you need to have something that is going to separate you from all the others.

“If your business is not a brand, it is a commodity.”

3. Surveys Are Gold

Your audience has something to tell you that can make them the best selling product you have ever created but if you don’t ask them, you will never know. As a business owner or entrepreneur, it is easy to create a product or service that we think the world needs. What’s hard is to put away our creativity and allow the people who we are trying to serve to create the product for us.

Don’t worry, it does get easier to do, especially after you see how much this works. Survey your audience and allow them to tell you their pain points, what they want, and how much they are willing to pay to have the solution to their pressing issues solved. Then create the product or service based on the information that they have given you.

4. If You’re Not Seen You Can’t Be Heard

You can have the best product and service in the world but if no one knows about you, it is not going to make you a dime or a positive reputation. You have got to be visible and let people know that you are there to give them the solutions that they have been looking for. It is a big world that has gotten smaller because of the Internet so a lot of times you don’t even have to leave the comfort of your own home to do this.

Just to name a few ways that you can accomplish this is to utilize your social media, brand leverage, publish your expertise in different places, and join social media groups that you believe your ideal customer will be in.

5. Have The Guts and Grit

Without guts and grit, you might as well throw in the towel. Being a business owner or an entrepreneur is probably going to be the hardest thing that you have ever done in your life.

Don’t let it stop you because all of those people that made it to the top, at one point, were looking up to others that were already there. They had to have the guts to pursue a dream and a vision relentlessly that was not guaranteed despite the doubts, the struggles, and the nay sayers.

6. Time Is Always The Main Ingredient

Time is one of the ingredients that we all have to apply in multiple areas of our day and life. So why should you believe that it doesn’t apply to your business? There is no such thing as an overnight success and if there is it is rare enough to know that it most likely won’t happen to you.

The people that have made it to their success have put in the work and most importantly the time. Most businesses didn’t fail because their products and services were bad, it was because they didn’t utilize all of these ingredients and most importantly they didn’t persevere.

If you can persevere through the rough times, the times when you have no money, and the times when you feel like nothing you are doing or have done is working, then you will eventually make it to your success. Give your dreams and visions time to manifest.

“Don’t worry about failure; you only have to be right once.” – Drew Houston

Starting a business will render you amazing results if you apply the right ingredients and continue to believe in yourself. Your business and life is worth the effort and if you do the work, your successful self will thank you for it later.

What else do you think someone needs to know to start a successful business? Leave your thoughts below!

Hi, I'm Denise Damijo, I'm a Business and Lifestyle Strategist and a #1 Bestselling author of "When You're Done Expecting." I love helping other entrepreneur's get laser-focused on plugging the holes in their business so that they can improve their lives. You can find me writing for cool publications like this one, Huffington Post, Thrive Global, and She Owns It. I also love cooking up a good business plan and spending quality time with my family. Connect with me on my Podcast, Mind Money Mogul or on Facebook.

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11 Comments

11 Comments

  1. Avatar

    Philip V Ariel

    Jan 15, 2019 at 8:19 pm

    Hi Denise,
    What a joy to be here today.
    Very timely tips for the people who want to start a business of their own.
    I appreciate you for putting them in order for the benefits of the newbies in business.
    Keep writing
    Keep sharing
    Best Regards
    ~ Philip

  2. Avatar

    Denise Damijo

    Feb 19, 2017 at 6:41 pm

    Tracy, I’m glad that you found this article helpful! Starting a business of your own is very possible and I can help you with that! Please let me know how I can be of help to you.

  3. Avatar

    Dara Lin

    Feb 14, 2017 at 7:32 am

    To start a business, it requires effort, work and time. It is always probably hard to balance those things to any other responsibilities you need to accomplish, but even if it was not easy at first, it will still be all worth it and eventually it will be for your success. These 6 different ingredients to start a successful business give us more courage to believe that all of us can have a successful business if we put value to every work we have and to believe in ourselves that we can make it.

    • Avatar

      Denise Damijo

      Feb 19, 2017 at 6:37 pm

      Hello Dara,

      Doing the work and believing in yourself is key to your success in business. I’m glad that you found my article helpful and I wish you all the best in your business endeavors.

  4. Avatar

    Dan

    Jan 4, 2017 at 9:13 am

    Great tips Denise

    • Avatar

      Denise Damijo

      Feb 19, 2017 at 6:38 pm

      Thank you! I’m glad that I could be of help!

  5. Avatar

    Dan

    Jan 4, 2017 at 9:12 am

    Great tips Denise

  6. Avatar

    Ewen Munro

    Jan 3, 2017 at 10:45 am

    Great tips, Denise! Especially 6. 😉 #keepgrowing #keepcreating

    • Avatar

      Denise Damijo

      Feb 19, 2017 at 6:39 pm

      Thank you Ewen!! I’m glad that you found this article helpful! Continuing to grow and create is very important!

  7. Avatar

    Tracy Ann Allen

    Dec 31, 2016 at 10:07 pm

    Really want to start a business of my own thank for the tip

    • Avatar

      Denise Damijo

      Feb 21, 2017 at 7:23 am

      Tracy, I’m glad that you found this article helpful! Starting a business of your own is very possible and I can help you with that! Please let me know how I can be of help to you.

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