While there may not be any absolute guarantees in business, this discovery will get as close to one as possible. Let’s start with our company motto. It will give you some insight into what’s in store for you as an Entrepreneur. “Entrepreneurship is living a few years of your life like most people won’t, so you can live the rest of their lives like most people can’t.” You begin with Key number 1: learning about this new universe.
We use a pyramid model for our galaxy of business owners. There are four elements to the galaxy and all entrepreneurs exist in this pyramid. Facts show these galaxies and the stories they tell about business owners.
Key 1 is in understanding this entrepreneur’s galaxy. We use a pyramid model for our galaxy of entrepreneurs. There are 4 components of the galaxy and all entrepreneurs exist in this pyramid. Facts confirm these galaxies and the tales they tell about business owners.
So what does the first key say? The world shows us with numbers to prove that 95 % of all businesses lack one or more of the skills to be successful at managing a business. That leaves only 5 percent that have all the skill sets required to be successful in business.
Here are the industry stats: 40 million businesses, 25% change hands yearly. 90% of all businesses make under $300,000. 20% of internet models are profitable. 50% of all businesses close in the first couple years.
Here are the industry stats: 40,000,000 businesses. 25% change ownerships each year. 90% of all businesses gross less than $300,000. 20% of e-commerce businesses are profitable. 50% of all businesses close in the first two years.
Key 2-is in understanding where you fit in the galaxy. I’m the fortunate one. I personally learned later in life this discovery and went on a 6 year retooling program. I assessed my weaknesses first, since those were so obvious, then I devoted the time to systematically enhance my skill sets and core competencies that would ensure my future successes in business.
Take a quick assessment of yourself by looking at the model and determine where you fit. Your future profits and business successes depend on it. This model tells the tale, and it’s up to you to strengthen the skill sets you need to successfully run a business. It’s a life long process and one that requires a different mind set.
Want to be shining star? Then learn to make a small shift in your orientation towards goals. We need to move away from a single goal orientation and add a learning orientation to it. Sometimes the trouble with success is, once you’ve achieved it, you have nothing to look forward too or to challenge you. Not so with a life long learning orientation where you will always have something new to learn, as you grow personally and professionally.
Want to be more successful? Then learn to make a small change in your orientation towards accomplishment. We need to move away from a single goal orientation and add a learning goal to it. Sometimes the problem with success is, once we’ve accomplished it, we have nothing to look forward too, or to challenge ourselves. Not so with a life long learning orientation, where you always have something new to learn, as we grow personally and professionally.
Looking to our website to learn about universal world of business owners, then visit www.learnskillsets.com to find the best advice on skill sets for managing your business.