How to Run a Successful Small Business

 Posted by Craig Wagener D.Optom, MBA, PhD

Running a successful small business can be a challenge.

The business owner has to ‘wear many hats’, often times simultaneously.This can be daunting. It may even be overwhelming at times.

Here is a great article which can help an entrepreneur be more efficient in the management of their business.

Greater efficiency leads to greater productivity which in turn leads to greater profits. http://www.nationalbusiness.org/nbaweb/Newsletter2006/2298.htm 

The Six Traits of a Successful Small Business Owner Posted by Craig Wagener D.Optom, MBA, PhD

The odds may be stacked against you, as a small business owner, for long term sustainability of your business. Since the statistics tell us that 1 in 2 small business do not last beyond the 5 year mark.

That is a frightening statistic, but be encouraged, you do not need to be a part of the failing group. Your business can be found in the successful group!

It takes careful and continual work to maintain your ‘edge’ and beat out your competition.

To do this requires a balance of personal fulfillment and passion for what one does in ones business, with a sincere desire to balance personal and business goals.

Business owners need to be continually evolving and adapting to market needs, planning for the future, and comparing their businesses to other successful competitors. Learn from others successes and modify their positive attributes to suit your business model.

Do you have what it takes to be a successful business owner?

Check out this article and see if you have these traits:

http://www.inc.com/news/articles/2010/07/six-indicators-of-success.html

 

7 Steps to Business Success

 

Posted by Craig Wagener D.Optom, MBA, PhD

Not everyone agrees on what makes a business successful.

However, when you break it down, there are common factors that seem to be universal and present in all successful small business owners.

Focus your attention on these 7 crucial steps.

They may appear real simple and almost cliché but giving careful attention to these steps and implementing them into your business plan will go a long way at placing your business at the ‘head of the pack’. Ignoring them could be a fatal mistake.

Get ahead today and include them in your business and watch profits soar.

http://www.ehow.com/info_7889783_7-steps-small-business-success.html