| A highly successful motivational speaker was asked | | | | about your business. |
| once, what is the difference between talking to | | | | Seventh on our list is not knowing your product or |
| millionaires and talking to small startup business owners. | | | | market before you get started and keep monitoring to |
| "Simple" he said. "The startup business owners try to | | | | spot new opportunities or changing trends. With a little |
| tell me why it won't work while the millionaires just go | | | | internet training, its so easy today that you can quickly |
| do it." Even though you might just be starting a small | | | | learn about any product or service and can become |
| business you will think like a millionaire. Here are some | | | | somewhat of an expert in a very limited time. Internet |
| of the pitfalls you can avoid. | | | | tools help you keep abreast of market changes. |
| 10 mistakes you can avoid when beginning a home | | | | Our sixth mistake to avoid is creating a poor website. |
| business or any small business should start with over | | | | Keep in mind that like we mentioned in number ten you |
| investing in technology. Spending thousands of dollars in | | | | don't need to over spend on technology, but there is a |
| areas like this has nothing to do with your success and | | | | difference between a professional website built at a |
| can be avoided altogether. | | | | value price and one you do yourself. |
| At number nine we find trying to do everything | | | | At number five we have not doing your home work. |
| yourself. You may feel that as a new business with a | | | | Doing a solid job of research before you launch your |
| limited budget you must do it all but outsourcing is not | | | | start up business or small business can be a big tool in |
| only inexpensive today, it's one secret to success you | | | | your success. Basic market product research, market |
| must know. Sure there are things you can do yourself | | | | research and competitor research are essential to do |
| but consider how much your time is worth and where | | | | before you go too far down the track. It's not hard but |
| is the most efficient use of that time. Use professional | | | | you do need to do it. Trust me, it will save you time |
| training and outsourcing to shorted your learning curve | | | | and money in the long run. |
| and focus on your core business. | | | | Fourth is not having everything in writing, from your |
| Number eight on our list is not having a game plan. You | | | | business plan to an agreement with a partner. |
| must know how to get there and if you don't get help. | | | | Our third mistake to avoid is trying to start too many |
| Think about what your business will look like when its | | | | businesses at once. Concentrate on your best chance |
| finished, what is the turnover, how many products are | | | | of success. Find you niche and focus, focus, focus. |
| you selling, to whom, how many staff do you have | | | | Second we have not having a budget. Know what |
| – with anything you do start with the end in mind. | | | | you have to spend and stick to it. |
| Automate as much as possible, create processes that | | | | And finally number one on our list of the top ten |
| someone else can take on down the track, invest in | | | | mistakes to avoid is not using social media marketing. It |
| things that are scalable. I would recommend this great | | | | might not be how you find information, but for millions it |
| book which a friend gave to me called the E-Myth by | | | | is the only way they search for where they do |
| Michael E. Gerber. It will change the way you think | | | | business, make sure they can find you. |