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High Performance Leadership

by gold stone (2019-02-06)

Over the years, many people have High Performance Leadership Review tried the self employment route and have succeeded. This sounds good to many people who have been laid off. But on the other hand, many have not. Much of your success will depend on doing the right things, working through the things that go wrong, managing your finances correctly, and keeping a positive attitude. But the wrong mix of any of those items can prove disastrous. Here are some of the things that can take your business into the ground.Enthusiasm can be a very good thing when you start your own business, or buy an existing company. But if you are an emotional person like me, you'll find that sometimes the excitement of the moment will overshadow something you should be watching very carefully. Are you selling something for a price just because it seems like you are making money? Are you gung-ho about selling so much that you forget to take in account your overhead and unseen expenses?As with anything else, you can pick the wrong product to sell. Are you picking a product that has a very strong trend curve? Are you picking a product or service that may be short lived? Being at the right place at the right time is a good marketing strategy, but when the time comes to get out or change, do it. Do your homework.It takes money to run a profitable business. Sometimes the business needs extensive capital to get off the ground, but beware that you don't just pour money into the business expecting things to turn around without doing your marketing research. You can finance the business until you run out of money.There have been stories of people who bought one or two of something, sold them, and went on to turn their product over and over until they have capitalized themselves on a low dollar start-up. If you want to be known as a super store for a certain market and have no knowledge of the product or market, it may be a good idea to start small and grow with bigger things in mind.You will never be successful if you only think about yourself. If you were raised to be very organized or you have tendencies to draw invisible lines "in the sand", make yourself aware of it. If you sell lawn mowers and you offer repair service, your customer will want to walk in the shop to talk to you or see what's going on. If you put up a "keep out" sign on every door of the shop, you'll be successful. I wouldn't be back either, unless you're the only repair shop in town.You've heard that location - location - location is the key to a store's success. But how about the store or company who has a shop in the back of another store, or down some untraveled road? Usually those people have a business outside of that facility, such as offering in-home service for their product. If you pick one of those types of places because the rent is cheap, your expenses will be low, along with your sales.