In business, analysis is important. If something goes wrong, there are reasons for why it went wrong; and using a careful, well-reasoned approach is the best way to determine what those reasons were. So, instead of invoking magical thinking to avoid the problems altogether, instead focus on the process of analyzing your results.
Tip #2 – Stop Doing Things that Don't Work
From time to time, you will determine that things don't work—or at least they don't work as well as they should. When this happens, you can take one of two paths. The first path ignores the problem and hopes that things get better. And the second puts an end to it by modifying your approach or discontinuing to do the thing that isn't working. If you want to be successful, you will learn to have the courage to do the latter.
Tip #3 – Find Out Which Forms of Advertising Generate Revenue—And Which Do Not
In business, marketing can do a lot to transform your business. It can expand the audience for your product, persuade the existing audience, or it can provide no benefits at all while incurring massive costs. Those who are successful in business pay attention to their advertising, so they can determine which forms are beneficial and which forms should be discontinued.
Tip #4 – Always Consider the Possibility that You Are Wrong
In most situations, you are probably at least partially wrong (if not completely wrong). This is simply the nature of business. So, instead of brashly declaring your opinion, and then going ahead with or without the blessings of others, open yourself up to the possibility that you have made an error.
Tip #5 – Keep Things Simple
Simplicity is often underrated. In fact, many business owners are prone to believing that if something is simple, then it cannot be true. After all, the world is a complex place, so it cannot be the case that a solution to a problem in business can be simple.
In fact, many of the more successful innovations in business are simple. So, think twice before you taking things up a notch in terms of complexity. Instead, think about using solutions that are simple, elegant, communicable, and likely to work.
Tip #6 – When Failure Arrives, Accept it, Learn from It, and Move On
Often, in business, we encounter many more failures before we encounter a success. However, if we don't make an effort to determine why we are failing; and how we might turn that failure into a success, it's possible that we'll never emerge with the success.
Tip #7 – Inspire Confidence in Those Around You
Rather than tearing down your fellow co-workers, make every attempt possible to build them up. Having a confident staff around you will multiply the returns you reap from your own efforts.
Tip #8 – Do Not Compete with Your Staff; Help Them and Learn How They Can Help You
Being successful means being secure. And being secure means that you don't feel the need to compete with your co-workers, but instead focus on competing with other businesses.
Tip #9 – Avoid Becoming Discouraged Easily
One important difference between those who are successful and those who are not is that the successful do not get discouraged easily. No matter how poorly things appear to be going, they find a way to stick through things until the end. If you want to become successful, you should try to emulate this behavior.
Tip #10 – Adopt the Habits of Successful Individuals
Do you know someone at work who is very successful at what he does? Observe his behavior and try to copy it. If he approaches problem solving in a particular way, copy that approach and make it your own. If he has a certain routine that he adheres to religiously, then adopt that, too.
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Article Added on Sunday, October 2, 2011
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