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5 Tips for Staying in the Game: Successful Business Longevity

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5 Tips for Staying in the Game: Successful Business Longevity

You know the saying, “If hind-sight were fore-sight, we’d all be successful.” Today’s statistics are quick to remind us that the longevity of most businesses is fifteen years, and the strong stable ones last about 40-50 years. What’s the difference between short-lived with an early death, or a long sustaining business?

Most entrepreneurs are sold out to the power of the dream. They know there will be long hours, hard work and great effort to push the dream forward, but there are a few trade secrets that would be better known in advance.

Here are 5 tips for staying in the game:

1. Own your world

Define your success. If you haven’t already, write down what success means to you. Develop a mission statement about who you are as a person and business. Then filter opportunities that align with that directive. Build a strong ethical filter and modify but don’t deviate from your purpose. If you strive to be everything to everyone, you really won’t be your best for anyone. Remember everything you do, develop or become, has the potential to influence others to rise to a higher level in their lives. Bring them along with you as success stories.

“The trick is in what one emphasizes. We either make ourselves miserable, or we make ourselves strong. The amount of work is the same.” Carlos Castaneda

2. Character and reputation

You only get one. Good and bad reputations live for a very long time in people’s minds. It’s not impossible to rebuild or remake who you are, but once you’ve tarnished your character, it’s a long hard climb to repairing it. On the flip side, other people want to align themselves with quality character and positive status. Don’t apologize for who you are, but ask yourself if you would want to align yourself with you. When you put clients’ needs first, they’ll clear the way for your success, and you build repeat, as well as generational customers.

 

3. Be Passionate

One of the greatest gifts of being an entrepreneur is the freedom to be passionate about what you do. Starting a business is much like pushing a large boulder up a steep hill. It’s hard, but worth it. Consciously, use your emotional energy in a positive manner and everyone wins. Getting up every day looking forward to what you do will make the long hours and hard work worth it.  If it were easy, everyone would be doing it, stay the course.

 

4. Stress and Fear

There are several kinds of stress, it’s how you choose to perceive it. Deadlines can be stressful, or they can be forced time management. Financial strain can sometimes be the motivation for ingenuity—use it. Failure can help you understand what’s not working and inspire you to develop another plan. Don’t let fear paralyze you. When fear stays bound up inside in an emotional state it can be crippling. Call it out, categorize it and then solve it or design a new plan. Use stress and fear to your advantage and call it ‘focus and motivation.’

 

5. The balancing act

Plan for success. Work hard at it. But don’t live to work. As hard as it is, build working hours and stick to them. Work to build stability but also embrace flexibility. There’s a time to set boundaries and a time to roll with the punches. Appreciate those who work for you and value their off time as well. Spend time with friends and family. Don’t buy them off, instead spend time with them. If tomorrow everything you’ve hoped for in your entrepreneur dream explodes, your family and friends will be your saving grace, and supporters. Treat them well.

Learn to spend time alone and enjoy it. Discover the value of just being still—no electronics, no agenda. Take ten minutes every day to breath, to clear your mental clutter and to listen quietly. It’s harder than it sounds, but you’ll be better for it. Following these times write down your constructive thoughts and itemize a work list. You will be more productive through the day.

“You only have to do a very few things right in your life so long as you don’t do too many things wrong.” Warren Buffett

Knowing who you are, building a roadmap to your success, valuing yourself and others, guarding your reputation and passion will facilitate your successful longevity. Practicing some or all of these tips may make you stronger and better equip your success and longevity.

What tips are you learning and would pass on to others?

Pam is a freelance writer passionate about family and equipping others to personal success. Her online magazine, The Modern Woman (www.TMWLife.com ) is written for women, but works hard to equip parents and entrepreneurs to be their own boss of: schedules, influence and income levels. You can find her at www.pamalajvincent.com , Facebook and Twitter.

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How Your Friends Determine Whether You Succeed or Not

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Can anyone do without having friends? We all have our friends, we share ideas with them, talk together, have fun, and fight. Yes, that’s the baseline of friendship. But, do you know that aside from you, your friends can determine whether you achieve success or not?

There are two things in friendship which are the ability to ”love” and the ability to “influence”. This means you are loved and you are influenced. How do your friends affect your success in life? How are they one of the biggest deciding factors of your success? Let’s find out.

What type of friends do you keep? 

First, what type of friends do you keep? Who do you call your best friend? There are two different kinds of friends, good friends, and bad ones. A lot of people have lost their pathway to success and some have also found their road to success all because of the friends they keep, the people they mingle with. 

Who is your best friend? Answer carefully. Having a best friend means you find each other compatible and understanding. Analyze who your best friend is. If your best friend has not motivated you to do something positive, if who you call your bestie has never given you positive advice, lastly if your best friend has never informed and advised you on your shortcomings, then you don’t have a best friend.

This quote tells us “birds of the same feather flock together”. Countless people have changed from their good nature into a bad one all because of friends. One thing to note is, “negative people move with negative aura”. If your best friend is filled with negativity inside-out then you will surely be affected by his/her negative aura.

They influence your success with positivity or negativity 

The friends you keep can either influence you with positivity or negativity because your friends have the power to change your kind of person completely. 

This is how your friends influence you:

  1. They influence you indirectly with what they do
  2. They influence you directly by teaching and giving you advice 

Yes, that is how they influence you. For instance, you watch a movie and you like the way the actor walks. The question is if you truly like the way the actor walks, won’t you try to imitate the actor? Of course, you will.

Just the way you imitate the actor is the same way your friends can influence you with their character. However, the funny part is, they don’t have to teach you to do things like them. You just find yourself imitating and copying them gradually.

An important question to ask is, are you imitating a good friend or a bad one? If you imitate a good friend then you will be good, but if you imitate a bad person, you will surely become a bad person.

Everyone wants to succeed, a good friend will always teach, enlighten, and motivate you for success. A bad friend will only motivate you to do evil things (smoking, drinking, fight, envy,).

And you should know that things like that are a great enemy of success and even of God. So, if you have these bad elements in your life, how will you achieve success? There is no way!

And also, they can teach and advise you directly. But, what do your friends teach you? When you ask them for advice do they inspire you positively or teach you the bad stuff.? A lot of people have regretted lifelong decisions just by listening to the advice of friends. 

The company you keep has the power to influence and change you. Never forget that a positive influence will teach, motivate, and brush you up for success. While a negative influence will inspire you to become a bad person, change your good nature, and leave you with regrets in the end.

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The 3 Step Process to Building a Profitable Pitch

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As a communication coach, one of the top questions entrepreneurs ask me is how to deliver a winning pitch to potential investors. They want to know if there’s a magic formula to get an investor to say yes and buy into their dream and their business. (more…)

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The 4 Pillars of Wealth and Abundance

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Have you ever wondered what the formula for a wealthy and abundant life is? Many people have. Lots has been written about the subject of wealth creation and living an abundant life. It was a breaking point in my journey and pursuit of success when I found out that there is a clear path to achieve success in life. Thanks to those who have shared their journey, we can clearly see and follow the principles of prosperity. (more…)

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Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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why you should have a podcast
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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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