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5 Myths About Starting a Business

Get a head start on driving your business to success by not following these myths.

When starting a business, know the myths to focus your energy on building and supporting your company. Due to improper planning, wrong moves, and believing myths, many entrepreneurs are not thriving like they should be.

Myth No. 1: You must know everything about business
Be sure to know that a successful business solves problems. This means that they make mistakes! Knowledge from books along with experience creates the perfect combination to understand the industry.

Myth No. 2: You need to wait until the right time to start
Starting a business is never going to be the right time. Even though many people can advise you to postpone, as long as you have passionate cofounders, the right resources, and are willing to work hard, now is the right time to start!

Myth No. 3: You need a lot of money to get started
It is possible to start a business with little or no capital in many ways. A crowd-funding experience attracts a global audience, as well as potential clients. Sell services instead of products to get started!

Myth No. 4: You need to spend money to make money
Many entrepreneurs have turned their ideas into profitable business without relying on a large marketing budget. You can have a successful marketing campaign by knowing your brand extremely well and talking to the right people!

Myth No. 5: You have to promise nothing but deliver much
To set the bar low right at the start may not be proactive for the business. Instead, give the customers the very best products and services right from the get go. This will keep customers returning once they recognize the quality and overall experience.

Be sure to recognize the myths so that you can lift your business up to it’s potential! At Mike Stromsoe’s Unstoppable Profit Producer Program, we help you produce a wealth creation program that will provide revolutionary results. To learn to rise above the competition and achieve success, join us at the “Leave No Regrets” boot camp in San Diego, CA.

New To Networking? Use These Tips

Use This Guide To Yield More Fruit From Your Networking Labor

Does just hearing the word “networking” make your heart race and your palms sweat? If you are an entrepreneur and an introvert, you may feel you are caught between a rock and a hard place as you need to network to grow your business but have a hard time meeting new people. Take a little networking advice from the pros, however, and you may find you actually enjoy the process.

  • Rethink It: Try thinking of meeting new people in your industry as connecting, rather than networking. Taking off the professional pressure and infusing it with an opportunity to genuinely engage with another person can help make it feel more bearable.
  • Use Available Tools: If you are at a networking event, ask for a guide at the sign in table. Simply say, “Is there someone who can help me meet people in my industry?” Most times, there is an ambassador whose job it is to help newcomers get connected, and he or she can help you link up with the right people right away.
  • Be Slow To Speak: People like to talk about themselves. You will not only give a great first impression by asking questions and listening more than you blab about yourself, but you will take some of the pressure of carrying the conversation off of yourself by welcoming the other person to speak openly about his or herself.

Fortunately, the success of your business does not have to hinge entirely on your ability to network. Contact the team at Mike Stromsoe’s Unstoppable Profit Producer Program to learn more about our premier wealth creation program that will help you work less, earn more, and enjoy life! We have the tools you need for business success in 2015.