13 Tips For Entrepreneurs To Start A New Business & Avoid Business Failure

13 Crucial Tips That All Successful
Entrepreneurs
Know And That You Need To
Use And Do To Have
Success In Business

Dear Reader,
My name is Andrew M. Warner, founder and CEO of www.shadeofinfo.com. Throughout the
majority of my adult life, I've looked for profitable and legitimate ways to make money.
Some has been successful and some have been failures. To be honest with you, I've had more
failures than successes, but that didn't derail my ambition and passion. I knew a lot of people who
were in the same boat that I was in. Constantly looking for ways to make money.
The only thing any of us could find were two paragraph descriptions of “home businesses.” No
explanation. No instructions. No chance of success. This prompted me to start my own research on
the different ways a person could make money. For the past four years, I've been doing just that.
Researching, making notes and writing detailed step-by-step instructions detailing my findings.
It is my mission to provide thorough information to assist those who truly wish they could make
residual income from a real home business. Hopefully, you will find the information I've provided
as valuable as I've intended to make it.

Good luck in your success!!!

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



If you go into a business that is not a great fit for you, is that common sense?
If you go into a business without any preparation whatsoever, is that common
sense?
If you go into business without any preparation in the thing you will deal in, or
make no effort to hire, study or acquire some experience, is that common sense?
If you go into business without enough money (or credit) for the absolute essentials
of operating that business, is that common sense?

Of course not!!!

Yet 98% of people do all of those things to abort their business before it even
begins.
And that’s what prompted me to write this today. To list some detailed, practical
points in an attempt to save any entrepreneurs fate from failure.
The information detailed in this post, is for simple, ordinary small businesses. These
are a list of "13 Crucial Tips That All Successful Entrepreneurs Know And That
You Need To Use And Do To Have Success In Business."

Andrew M. Warner Founder & CEO: http://www.shadeofinfo.com

1. Start off your business in your own home, if at
all possible.
Plenty of entrepreneurs have started off their business in a basement,
attic, bedroom, kitchen table, etc. because that’s all that was needed.
Only when they were doing their business for a while (a few months
to years), seeing profits, and experiencing business growth, was when
they decided to expand their work space.
There’s no reason for you not to do the same. I currently work in a
home office, but when I started off, I was working in a section of my
bedroom in my mother's house. The "work space" I had was less than
3 feet but I made sure that it worked the best for me.
There’s absolutely NO need, when starting out, to go all out and spend
unnecessary money when it is not needed. No reason.


2. Don't have a show-off attitude, or brag about money.
For the life of me, I can't understand why some people feel that
because they’re pursuing an entrepreneurial path, they’re better than
those who are not. Nobody likes a person who shows off.
Yes, being an entrepreneur is something to be proud of, however,
don’t “rub it” in the faces of those that are not.
That type of attitude is something that you should NOT have in
business.
For the most part, may people don't want to hear that. Just because you’re achieving
success in business and you're an entrepreneur, doesn’t mean you can brag about
money you’re making – or what you’re telling people you’re making.


3. Promote yourself EVERY TIME you step out of the door … or
online.
Promotion is SO important to any business and to achieve success in business. There
are hundreds of ways to attempt to promote yourself out there that you could easily
use. And you should try all of them because all of them should be tried at least
once before you decide against it. You never know what will actually work.


4. Immediate profits won’t happen so don’t expect it.
Do you know what the saddest thing in the world is? It's those that are
constantly chasing after the all mighty dollar.
Those people are the same ones that believe the very day they start their
business, they’ll be making money out of their behind like nothing. Sorry, it
RARELY works that way. And if you DO believe it can work that way for you,
are you trying to get rich quickly or get rich easily?
Understand that business is like chess not checkers. Expecting immediate
profits almost immediately after you start is something that probably won't
happen. The reality is it’s near IMPOSSIBLE to make a profit almost
immediately.
If you’re just starting out, don’t get your hopes up. Because the chances of it
happening for you is VERY slim.


5. Keep records of EVERY SINGLE transaction.
The “taxman” is not someone to play around with. Especially if
you’re planning on running a business.
And double especially if your business is making money.
Many would be entrepreneurs believe that if they make a little
money here and a little money there, they can spend it and not have
to keep tabs on it for tax purposes. Sorry, doesn’t work that way.
Doing business like that will not only get you in trouble, but possible
also mean that you’ll have to pay back more than what you originally
made.
Avoid that whole mess in the first place and keep detailed records.


6. Subscribe to any, and every, publication related to your business.
Every entrepreneur should be receiving some type of publication related to their
particular business. Or at least subscribed to blogs of other entrepreneurs in your
niche. And you need to do this for many reasons:
(1) To see what your “competition” has to offer.
(2) To monitor and analyze what they’re doing right.
(3) To get updated on information in your business … etc.
Anyone that's in your specific field you WANT to know what they're doing because
you WANT to be able to do similar things ... but better. If you want success in
business, this is something that you NEED to do if you’re not already doing it.


7. Start with, at least, a little bit of money saved.
It's a fact that many people who go in to business, or want
to go into business, don’t necessarily have the money to
spend right away. Not a problem.
In fact, there are A LOT of businesses that a person could
start with no money or very little money.
However, if you want to have success in business, try to
save a little bit of money to take care of your necessary
expenses before you actually get into business.
Now there's nothing wrong with spending your money on
things that you want. That's the reason you got into business
in the first place probably. But if you plan on growing your business, you NEED to be open about
spending money on your business.


8. Don’t produce “cheap” products or sell information that is of poor content
and quality.
Any entrepreneur that wants to be successful should understand the importance of value.
Providing value in whatever you’re attempting to sell or whatever service you’re going to
provide is of the utmost importance. If you do choose to sell products that are cheap, you put
yourself at risk of having high returns and gaining a bad reputation.
If you sell information that is of poor content, you’re goal to gain customers immediately goes
out the door. Whether you know it or not, your mail goal as an entrepreneur is to get repeat
customers.


9. Keep in constant touch with your customers.
You need to keep in touch with your customers. Even if they
haven’t bought from you in a while, that line of
communication is key to your business.
Send an email, mail something in the mail, call them up out
of the blue and offer to answer any questions about the
product … or if you can be of any further assistance. That
little bit goes a long way.
Make more contact with your customers, if you’re not doing it, but don’t overwhelm them
as if they were being spammed.


10. Don’t charge insane amounts for your product or
services if your target customers can’t possibly afford it.
For the life of me, I can’t understand this one.
If you have a product that you create that costs you $5 … and then turn
around and try to sell that same product for $500, how can you
consistently make money. Don’t get me wrong, I have no problems with
selling higher priced items, however, you need to know your audience.
Entrepreneurs that try and sell products for $997 and has a customer list
of people looking to start a home business, probably won’t get a lot of
sales for their business. Understand the market you’re in and price
yourself accordingly.


11. Don't fear competition.
If there is a lot of competition in a particular market, that only
means that it’s a hot market that’s hungry for products or
information. Focus on making your business the best you can
make it. Competition will always be there but never fear it. I,
obviously, have A LOT of competition in the field that I’m in.
However, maybe around 85% of the material that my
competition puts out, is well below par.
But the thing about it is, I DON'T view anybody else in my
niche as competition. I view everybody as colleagues striving
for the same goal. And that's to make money doing something
that you love to do.


12. Don't try to do everything yourself.
This is something that I started to do less of over the last few
months. I realize that as my business grows, so does the
responsibilities that I have and certain tasks that need to be
done. And while this happens, the amount of hours in the day
remains the same.
As an entrepreneur, you CAN'T do everything on your own.
You shouldn't have to.
As your business increases, so will your work. Meaning that
certain jobs that you did before, you won’t have the same
amount of time to do accurately.


13. Study other businesses
You know, many entrepreneurs have too much pride
to admit if another business has done something
creative … interesting … great. But I'll give credit
where credit is due and usually send a message to that
persons blog or website on top of that.
It's super important to study other businesses because
you may gain a competitive advantage and get some
useful ideas for your own business.
You don’t have to spend A LOT of time, but at least spend some time throughout the
week studying what other businesses in your niche are doing right and doing wrong.
You'll benefit tremendously from it.


Created By Andrew M. Warner of www.shadeofinfo.com
13 Crucial Tips That All Successful Entrepreneurs Know And That You Need To Use And Do To Have Success In Business

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Learn secrets from other entrepreneurs, make extra
money when needed, realize your passions and
successfully start your business today, and gain
access to many more resources with the
Small Business Toolbox.

http://www.shadeofinfo.com/toolbox/
Definitely click the link above to get access to the toolbox and to get instant access to valuable resources
and tools to help you, and your business, succeed.


13 Tips For Entrepreneurs To Start A New Business & Avoid Business Failure

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