How You Can Find The Secret To Making Money That You As An Entrepreneur Needs To Know Now
By Greg Nicholls
The Secret that the entrepreneur needs to know, is known by every successful entrepreneur. If this secret is not understood, 85% of all new businesses will fail in their first year.
The reason many businesses fail is not because of the idea or because the entrepreneur did not have business savy, but rather the simple secret to success was being overlooked, misunderstood, or ignored.
If you give yourself a moment to think about it, you will find that these simple components are well known, and all the successful businesses utilize them...
Well, think about it...
OK, what does Microsoft, Walmart, Fila, McDonalds, or Dell have in common with the successful entrepreneur, their secret is in the way they operate and market their businesses... their system!
Any business and every business should be following some kind of system; if you do not have a system to startup, run, manage and teach your business to your partners, employees, associates, etc., then you might as well get some gasoline, put it in a barrel along with your money, strike a match and let it all burn, you will save yourself lots of time.
So where do you find a system that works?
Well, there are many businesses that will be somewhat like the one you are considering. What you will want to do is study these businesses, find the similarities, then go forth and develop your business plan following their success patterns. In your research find out how long their run-up period was before they began to turn a profit because you want to ensure you have enough capital to get the ball rolling. Traditional business can take three to five years to turn their first dollar of profit.
Network Marketing companies also have great systems, just like franchises or well run companies, and they can be much less expensive to research, as getting started in them is typically inexpensive and the good ones get results. The system they use is readily available to their associates and many successful business owners have learned how to start and run a successful business using network marketing as a training ground
As a business person, the right network marketing company may be a great training ground for developing your system and possibly a way for you to raise your capital. This way you can ensure that you will make it through your ramp-up stage in the business you one day aspire to own.
Greg Nicholls is a successful business person that understands the systems that make businesses successful. To learn more from Greg, subscribe to his free weekly newsletter at http://www.deservemoney.com and if you want to see the Network Marketing system that Greg recommends, start with this marketing website and see how the system unfolds right in front of you at http://www.livenlife.com/deservemoney