Owning your own business is definitely the most preferable course of action everyone wants to take as soon as possible. Entrepreneurship is definitely more glorified in our society today than ever, and for good reasons.

Network Marketing Business - Great Success System For Entrepreneurs

Statistically speaking, there are about half a million new businesses started each month in the United States alone. Check out the details on these statics by Business Insider here. This number, of course, includes startups across all industries.

But, Statistics Are Not Always Exciting

However, isn’t it another interesting fact that 7 out of 10 businesses shut down in their first new years of operation?

Now, I don’t know about you but I have seen more people than I can count in just the last 2-3 years who started a business (all kinds of businesses) and they didn’t last very long.

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Almost everyone I have met wants to succeed in their own business. Everybody also wants to find that secret recipe to success in entrepreneurship. I remember those days sitting with friends almost every Friday and planning to start different business ventures.

Group of young people discussing about starting their own business in a casual setting

We used to have great discussions. What idea is going to work the best? What will be a good location? How to get the capital to invest? Who will be the target market and what reserves will we need to have available? I remember planning everything, distributing responsibilities among the group for further investigation and then Monday would come and ruin all our plans.

The cycle would recur every few weeks and none of us started any business for years.

Does this scenario sound familiar to you?

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I love attending business seminars, personal development workshops and networking events where I get to meet successful entrepreneurs from various industries and learn from their experience. This is how I add value to my entrepreneurial spirit.

Entrepreneurship Workshop And Personal Development Seminar - Audience Listening To The Speaker

Recently, I attended a professional seminar with a few of my business associates and got to listen to and learn from some of the top entrepreneurs in Dallas metro area. It was a fun filled event with a power packed schedule where I got a chance to make a lot of notes for myself.

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As an entrepreneur, soon after starting my first business, I realized that starting a business and then managing it properly is way more complicated than I originally thought it would be. In my case though, I did not even expect to make any money. I just started out to learn what it means to be in business for myself. I wanted to get a taste of entrepreneurship.

Entrepreneur Planning To Start A New Business Venture

However, on the way, I started to believe more and therefore, started to commit more towards making it happen. I think it all worked out great in my case since I started with no expectations.

What I’ve noticed though is, almost everyone who has worked for someone has at some point thought about going into business for themselves. It’s a great idea and because you can work for yourself, express your own creativity, and if you’re lucky, you may even have absolute financial freedom. Continue Reading…

Knowing what not to do while using social media for business is at least as important as knowing what we must do to leverage social media for busness. Earlier, I shared how to leverage social media for business where we discussed some of the basic steps for the entrepreneurs to take control of their personal brand and online reputation for business success.

Social Media Marketing - What Not To Do While Using Social Networking

Social media is the most powerful tool in hands of an entrepreneur who can leverage its power for business growth. If done right, the benefits of using social media platform are tremendous.

However, it is equally important to know and remember the cardinal rules of using social media for business. If used inappropriately, social media is powerful enough to only increase the pain.

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Social networking has impacted the way businesses are done. Many young entrepreneurs have made fortunes just because they know how to leverage social media for business. Unfortunately, so many others struggle with it. Many entrepreneurs, though they are good with traditionally well known methods of marketing, are not able to adapt to social media correctly and end up losing out so much potential every day to their competitors.

Leveraging Social Media For Business Success - Best Practices

Sometimes it's lack of knowledge. But, in most cases, it's lack of willingness to learn and change. I recently had a conversation with an entrepreneur struggling to just keep the shop open because of the marketing challenges. While talking about internet marketing and leveraging social media for her business, she informed me that she is already doing it and nothing is working.

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In a recent networking event, I had an opportunity to engage in a very interesting conversation with a senior sales manager of a large firm. I got a chance to ask him a few questions and learn a few things from him.

Top Sales Manager Sharing His Experience At A Networking EventPhoto courtesy of ©Depositphotos/Yuri_Arcurs

In a short conversation, he shared many little things he does regularly outside of his job responsibilities for his prospects and customers that have consistently helped him not just in keeping his existing clients pleased, but to grow his customer base tremendously by new referrals.

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Intrigued by the title, I grabbed the opportunity to have the privilege of getting a copy of Risky Is The New Safe book for a review before it hit the stands on 30th of October, 2012.

Risky Is The New Safe By Randy Gage - Buy At Amazon

I finished reading the book and I totally, positively agree with the author, Randy Gage who powerfully explains how the disruptive technology and ever accelerating speed of change are changing the way things are done in the world today.

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Referrals are considered widely as the best way to build growing and stable business today. Therefore. having a goal of giving the best customer service plays so much important role. Happy customers can be a huge gain for any business.

Business Networking for Endless Referrals

And when customer isn't happy with your product or the service, that is the worst thing that can happen to your business because with social media and internet, good or bad – the news flows incredibly fast either way.

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