4 Cycles of Successful Business People

Steps Successful Business People Take

Money (MP) Becoming a successful business person requires much effort, much like going to school, learning a new skill, learning a sport, or becoming a great musician, you sacrifice a lot. The problem is many people lose interest and quit before they ever succeed. One survey showed that people who quit new endeavors never listed their goals. Every person who quits said they had a good reason for quitting. But their reasons, almost without exception, revealed poor rationalizations because others in similar circumstances continued and reached success.

What’s clear is that a people like Oprah Winfrey, Bill Gates, Warren Buffett and Steve Jobs all started successful businesses by completing a series of cycles before succeeding. Every successful business person has completed these cycles. They have experienced highs and lows, yet they never seriously thought of quitting. They work hard and strive to reach their business goals.

4 successful business cycles

1. Enthusiasm
The first cycle begins at the start, when enthusiasm is highest. Reaching your goals almost seem effortless during this stage. Use your energy and hope for your new business to build something you believe in, build your enterprise or brand and plan its future.

2. Learning and training period
Enthusiasm will remain high at the start of your business, but in this second cycle suddenly it may take a sharp downturn. This occurs when a person finds out that reaching goals requires sustained effort, and with that may come some disappointing periods. This is when most people quit. Of course, you have the fortitude to see your goals through… Your no quitter. Expanding your knowledge by getting Tips for Successful Business will help you greatly at in this cycle.

3. Organization
A successful business means being organized. In this cycle organization helps you complete tasks and stay on top of things. Start out by creating a to-do list each day and as you complete each item, check it off your list. This helps that you’re not forgetting anything and you’re completing all the tasks that are essential to the survival of your business. And checkout Entrepreneur’s “25 Common Characteristics.”

4. Attaining your goals
In the fourth cycle start out with a business plan and in it state your goals. Successful business people always continue until they reached their goals. There may be disappoints, discouragements, but there will also be high days. One day you’ll look around and find that you have reached your initial goals, and then it will be time to expand your business objectives.

Don Briscoe
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Don Briscoe

Finance educator, advisor, and leading voice in the global financial literacy movement.Founder and editor of MoneyPacers.com.He lives and enjoys life with his family in New York.
Don Briscoe
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