I have come in contact with lots of people who want to make millions and run their own business. They have tried all the get rich quick schemes, read every book out there, and have jumped from job to job and venture to venture for years.

They work hard and cannot understand why they have not found success.

The answer is easy; you do not love what you do. You are always looking for the next best thing. So you never stick with one thing. There is a reason that 67% of all new businesses fail within the two years. You want to give yourself the best start possible.

That is the problem. Success and riches do not happen overnight. They take years and years of hard work and sacrifice. This is hard enough to do and most people don’t and just work a 9-5 job and collect their paycheck at the end of the week. There is nothing wrong with that, but those of you who want to do something big and “leave your mark” need to understand what it takes to do that.

At Gaddis Coaching this is what I do. I give you the help, guidance, support, and accountability to find success in anything you do. Fortunately, finding that success is not hard to do if you are looking in the right place and that is how I can help.

There are three easy steps to starting that great business you have been looking forward to starting. So here are three steps to doing just that…

  1. Find Something you are Passionate About
  2. Pinpoint Opportunity
  3. Capitalize on that Opportunity

Find Something You Are Passionate About

How many of us love what we do? How many of us wake up every morning excited for all that day has in store? I would venture a guess and say not many. As I spoke about earlier in this post, most people who want success and money seem to jump from venture to venture. This does not allow them to put the time, as required, into one thing to make it truly successful.

If you are passionate about something you are much more likely to stick it out when the going gets tough. Napoleon Hill stated that “with every adversity comers with it a seed or equal or great benefit.” So in all we do every time we run into a challenge there is a benefit that is equal or greater. That is something to keep in mind. This will also allow us to be more patient when wading through these adversities to find success.

You want to be passionate about your idea as it will help you avoid getting burned out to fast and to also allow you to enjoy what you are doing. It is also important to remember that the more passionate you are about your idea the easier it is for you to sell it. The passion and excitement you feel for your idea is easily transferable to your marketing and sale activities.

Take some time and list things that you are passionate about. These can be ideas or causes. Think out of the box and you might come up with something great.

 

Pinpoint opportunity

A business is most successful when there is a product or service that is needed that is not already being supplied. That is not to say there is no success to be found in a product or service offered already, it just becomes harder to find success.

When I started Gaddis Coaching I found a need that was not being met. Through my experiences I learned that there was a huge market out there of people just looking for guidance and help and did not want to or need to spend hundreds and thousands or dollars on advice. That is why I created a custom package option. Anyone can get help from us regardless of price or length of the term. It is also something I am passionate about.

Take some time and list potential Products/Services to offer in your area or online that is a need you don’t feel is being met.

Capitalize on opportunity

It is one thing to identify opportunity and create an idea. It is another to cease on that opportunity and capitalize on it. This requires a concrete strategy with a relentless effort and attitude of determination.

In order to capitalize on the opportunity you must make wise decisions and make sure you are doing all the right things. Failure is often attributed to being unprepared for new responsibility. This often occurs to new business owners because they jump in a new venture without knowing all the possibilities and consequences and get caught like a deer in the headlights.

Take your time and plan your venture, then capitalize on the opportunity when the time is right.

To capitalize on an opportunity you must feel passionate and confident in your idea. There are also other needs to consider that go beyond your own commitment. Here are things to consider:

  1. Capital
  2. Employees
  3. Laws and Regulations
  4. Economic viability
  5. Area demographics

Take some time and list some ideas on how you can capitalize on opportunity in your area.

As you follow these three steps you will see a clearer picture start to develop. These steps are also not something that you do once and forget about. Repeat the steps numerous times as this exercise will help you to get creative and come up with something great. Life is too short, so find the ways you want to enjoy it.

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