Business People Characteristics

Stephen Collie: “What do the rich and powerful people in business have in common? They live life with a strategy and exhibit characteristics that not all that different from other not-so-successful business people. What’s their secret? They train themselves to keep these characteristics in mind”.

Back in May 2005, Forbes magazine reported that there were 691 billionaires in the world. 1400 people across the world turn into millionaires every day. Want to become one of them? Of course you do. Everyone wants the freedom to do business in the way they choose. There is so much power in running your own business – and having a business that runs itself, which for many people is the ultimate goal.

Wealthy Business PeopleMaking money is not the only goal of becoming an internet millionaire – it’s about freedom. Many people across the world are gifted with experiencing this freedom everyday. How can you become one of these business people? What kind of life, and business, do you want to run? Would you like to be able to check your email from your private plane? These are the kinds of goals many people have in mind when they begin to forge ahead with their business ideas. But the truth is that the wealthy and the successful – the millionaires off and online – have about 9 characteristics in common, not that different from a lot of business people we all know. Most of them exhibit some or all of these. The truth is that we all have the potential for greatness – if we can train ourselves to keep this in mind as we go about our business day.

1. They don’t blame. Successful business people don’t blame others. “Instead of making excuses for bad outcomes, or reassigning responsibility to others, they take time to learn from their own mistakes”, Stephen Collie says.

2. They are decisive. Millionaire-types have a vision. They take quick, decisive action aligned with that vision. Business people are action oriented, always pushing forward toward their goals.

3. They trust their intuition. If something seems like it’s not quite right, they trust that instinct. If an opportunity excites them and sounds like a great idea, they go for it.

4. Stephen Collie: “Business people are singly focused on their CORE business. Successful entrepreneurs may be inspired by ideas, but they always remain true to their vision”. They focus on opportunities that are aligned with their business’s purpose. If you sell retail products on eBay, don’t try real estate investing the next day. They don’t lose focus. They may sell their products on eBay, write articles, focus on joint ventures, and go to marketing seminars, but all of their efforts, and FOCUS, help them move toward their main goals.

5. They are marketing focused. Wealthy business people, including such giants as Warren Buffet and Bill Gates, understand the importance of building on their core business. They hire people with specialties in marketing. They work hard at building their email lists, gaining exposure, and are constantly looking for ways to reaching a wider audience. If you want to build a decent income, you sell products and services. If you want to be insanely rich, then you create and control markets. The key to your business, and creating phenomenal success, is marketing.

6. They understand the importance of continuing education. Successful business people are always learning and drawing from other people’s experiences. They listen to how other people have achieved their success, especially if these people have expertise in another industry. They are constantly learning about new approaches and strategies, and thinking about how they can apply it to their own business.

Business People7. They are not afraid of making mistakes. Any big company online will tell you that they’ve had their share of downfalls, even such giants as eBay or Craig’s List. Mistakes are building blocks for success – by making mistakes, you learn what works, and what doesn’t. You don’t have to get it right, you just have to get it going. We all make mistakes, and one of the most powerful things you can do is glean feedback from them. Feedback is a great way to learn from your customers and colleagues. You need to look at feedback and take it with a grain of salt – it helps you learn and grow. See your mistakes as learning lessons

8. They model their business for success. Wealthy business entrepreneurs model other people, strategies, and systems. They constantly look for models of success in everyday life and think about how to incorporate these lessons into their own strategy. They even look at their competition for answers. Whatever niche you’re in, subscribe to some industry newsletters, buy their products, and learn HOW they create success.

9. They build a team to rely on. No matter what stage you are in with your business, you’ve got to realize that you simply cannot do it all. You can’t be an expert in everything. You want to create a great team of people. How can you find them? Go to seminars and workshops. Hone your networking skills. You’ll often find that like minded people that are out there constantly learning and attending, seminars and workshops. Getting rich is a team sport. “You have to have people that are cheering you on, encouraging your success”, Stephen Collie says.

These are some inherent characteristics of business millionaires. Can you apply them to your business and your life, too? Of course you can. If you can keep these principles in mind, you’ve got the millionaire mindset. No, you aren’t going to get there overnight. Making a million dollars takes some time. You can’t make a million dollars if you haven’t made your first hundred. So focus on the first hundred, first thousand, and first hundred thousand. “Thinking this way goes a long way toward your goals – finding success, creating wealth, and living the kind of life you want to live, and become one of those successful business people.

References:

Business – Wikipedia, the free encyclopedia

A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers. Business People and Businesses are prevalent in …

BBC News – Business – BBC.com

The latest BBC Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into UK and global markets.

Business and Financial News – The New York Times

Find breaking news & business news on Wall Street, business people, media & advertising, international business, banking, interest rates, the stock market, currencies & funds.

Business and Finance News, Opinion and Analysis – HuffPost …

The holiday season is upon us, and with it comes big implications for marketers in the business of travel. According to AAA, last year 94.5 million Americans …

Invest in a new home business

Stephen Collie: “Let’s face it, the majority of us dream of one day starting up and successfully running a new business at home and leaving our miserable jobs behind to become our own bosses”.

And whilst many do just that and at least make a go at running a new business there are even more who never quite stop dreaming about it and find the courage to actually do so.

One of the reasons people give for not starting up a new business is a lack of finance. Well firstly that is a very poor excuse, if you believe in yourself and your own abilities to make a success of your venture then that alone is the biggest investment you can make in running a new business. “Yes, you are the most valuable asset a new business can have, you and your specialist knowledge, your pride in getting a job done properly and having an absolute belief in your own abilities to make a success of running your new business”, says Stephen Collie.

Invest in your own businessLet’s say it again, ultimately you are the only thing worth investing in for running a new business and you don’t cost a penny, dime or cent. So what are you waiting for?? Running a new business is absolutely free, you don’t actually need to invest in it to get it off the ground because all the investment should come from within you and not from a bank or money-lender.

Stephen Collie: “So once you’ve decided to invest in yourself, first in order to get your new business off the ground you are at some point going to have to think some sort of financial investment”. See, eventually money does come into it but it is useless if your business plan is useless or you don’t have the personal wherewithal to actually make a good idea happen and the best place to seek such investment will be your bank.

Stephen Collie: “All banks will have a new business advisory department and they will be more than happy to talk with you of your business plans, so make sure your plan is a good and sustainable one and if it is: they’ll certainly listen and if they like it, they will definitely lend you the money”. It should be said that banks exist for you to borrow for things such as investing in a new business, they like people who are prepared to give it a go and if you demonstrate this and a fierce determination they’ll lend you the money to kick-start your new business.

When investing in starting up and running a new business it is vital that you don’t waste your initial investment on fancy cars, flash offices and a menagerie of staff. Basically, don’t walk before you crawl, all these trappings of success will come in time but to start off creating an image of success ultimately will mean you will fail because the best investment you can make at this stage of running a new business is dedication and hard work, that’s how you achieve lasting fulfillment and success and the trappings that go with it. “If you just want the trappings without the hard work then don’t bother starting your own business because hard work is a better investment than an unearned top-of-the-range motor”, says Stephen Collie.

Reaching to nature for the best metaphor to consider when investing for running a new business, it is a whole lot better to invest in a bag of acorns and watch them grow, yield and flourish than it is to buy a lot of old oaks and see them wither and die.

And finally, again, it should said the biggest and best investment for a new business is you, your idea and your desire to succeed. With these, you can’t go wrong!!

 

Recommended by Stephen Karl Collie