What Makes a Successful Business Owner Successful?

Napoleon Hill wrote a famous book “Keys to Success” which I have read several times. Within the book he reveals the 17 principles he found in the successful men he interviewed. Some of the language is a bit out-dated but the information is still relevant today. Maybe these traits could help you too. When you look at the chapter headings you will see listed many of the requirements necessary to set up or improve a business successfully or in fact to live a successful life.

Develop Definiteness or Purpose

Basically to be successful in reaching your destination you need a “road map” or plan to show the direction you wish to take and where you want to arrive, whether it’s a journey to another town or a journey in life. To be successful make a plan of action and follow it, adjusting it slightly if need arises.

Establish a Mastermind Alliance

In the book his group are an imaginary group of famous successful men he admired. He visualizes them after studying their characters. He holds council with these men in his imagination. We may not choose to do that but we may consider how someone successful would tackle a problem. However, we all need the help of others to reach our true potential. We may get our help from studying books, the internet or meeting people but we all need help, advice and to learn from others or we would keep reinventing the wheel.

Assemble an Attractive Personality

Ill-mannered, bad-tempered and irresponsible-people that don’t consider others aren’t going to be very successful. Develop a pleasant demeanour, get along with people and give that little bit extra in all you do. Give value and good service to be successful.

Enforce Self-Discipline

Plan what you do and work your plan. If you plan to do something, do it don’t procrastinate. Don’t let others down. Be reliable, on-time and enthusiastic.

Learn from Adversity and Defeat

“Every cloud has a silver lining”, learn from your mistakes, turn failure around stay positive and don’t give up.

Cultivate Creative Vision

Be creative, visualize what you want to happen and practice, just like the athletes do in their minds. Use mind power for an easier journey to success.

Budget your Time and Money

Be self-disciplined, don’t spend what you haven’t got and invest wisely both money and time. Time is a finite resource, don’t waste it.

These are just some of the points made in the book, if you want to know all 17 principles it is an easy book to read and a bestseller.

When you start to grow an online business all the above are important factors in your success. It’s great fun watching your business grow but there are many new skills to learn, such as marketing writing sales copy, building a website etc.

You need to research and test you chosen topic to see it will be profitable, but make it something you are passionate about so that you will enjoy the time spent bringing it to market.

Many of the needed skills can be outsourced but it is a good idea to have some idea or even those skills. Two popular sites to place out-sourcing are Fivrr and Elance. You will find people to write eBooks, sales copy, build websites etc. You just put forward your request for quotes and make a choice.

Working online can be very satisfying, but you need to decide if it is the ideal business for you. The advantages and disadvantages as I see them will be discussed in another article. But I would say begin part-time as a hobby business to see that it is right for you whilst you have alternative income.