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Tuesday, April 30, 2013

3 Strong Ideas to Build a Fast Growing Business

The following are subjective tips that may or may not work for you, when constructing your entrepreneurial plan. Read these tips carefully, and allow them to interact with your current plans.

This is not guaranteed advice, but seems to be common among several companies that I've witnessed, so it's best to share here for reference.

1. Start now, plan later


Now, this literally means to wait to plan out, and actually jump right in. People spend too much time planning for their company, that they end up talking themselves out of actually starting the company in the first place.

Successful startups and people who're unsure about how to run a business, do things in reverse. They start first, then they assess potential. It's foolproof! Find the problem worth solving and get busy!

2. Target an impossible goal


Set a big challenge for yourself, and go for it. Figure out the ultimate solution for the problem, and get busy taking on the challenge. Get outside the box, so you don't stay in a self-fulfilling trap. Sometimes that 360 trap is dangerous to your business morale, which is why it's important to have something you can try to reach to on a constant basis.

We need to thrive on competition and impossible goals. It makes us work harder, and thus improves our business strategy greatly. Some of the most successful CEOs are hired into large companies due to their strong competitiveness, good passion, and strong heart to get results!

3. Develop a 10x imagination


This means that if you made $500,000 last year in total sales, then think about $5,000,000 as a target for this year, or by next year. Make your goals big, and reach for them!

If you're producing 200 products a week, imagine soon producing 4,000, and so on & so forth.

In order to run a business well, you need the clients, employees to do the workload, and be able to grow the business through advertising and marketing. When things start going up, you need to know that more employees may be needed.

You need people to cling to your values as well, because if they don't - they won't be a good asset to your company.

Knowing and implementing these goals should produce extensive growth, which is both impressive and long-lasting.

The minute you decide to stop doing goal-planning and targeting, you may experience a loss in business. Don't fall behind!

Got any good tips to help encourage? Feel free to comment below or leave a suggestion at any time. Your feedback is AWESOME!

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