Wouldn't it be wonderful if there was some secret formula to business success? A tweak to a business strategy here, a change to a management style there, and voila! - you can enjoy sustainable growth and increased revenue.
Of course, as much as we may wish that it was that simple, we know that success in business is virtually never the result of a single, decisive factor that overshadows every other consideration. Instead, effective entrepreneurs have to put in long hours of work, and wear many different hats, to start and then maintain a successful business.
However, research, experience, and common sense all tell us that there are certain traits that play a key role in determining whether an entrepreneur, independent contractor, or otherwise self-employed individual will enjoy sustainable success in his business endeavor. This article will examine 5 of these important traits which are so vital to an entrepreneur's success.
Goal-driven individuals have long sworn by the practice of making goals specific and measurable. After all, creating great goals is one of the keys to long-term success.
As a new entrepreneur, it can be tempting to assume you'll head in a million directions and achieve success in all of them. In reality, success looks different from that "all-directions" approach. You really want to be able to know which things matter to your success. By making goal-setting a habit, you have a place to turn when you reach a particular milestone to know where to go next.
Follow these steps to take your big ideas about your new business and turn them into specific items you can check off your long-term to-do list.
It can be daunting to start your own business and figure out the tax situation as you go. You get all the benefits of working for yourself, like setting your schedule and choosing your own clients, but you also get all the responsibility of creating a smart tax and retirement savings plan for your newfound income.
One of the great boons of self-employment, however, is that you can do your research and pave your own way to success.
Here are some great ideas for how to make your first tax year as a self-employed worker as painless as possible: