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I understand that some business people don’t do all this and are successful but I also understand that successful business people I know who’ve started their business from ground zero have done as much of this as possible to ensure greater chances of success. The more up front preparing you do, better your chances of success and wealth creation

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Finally, there are a few educational issues that small business owners should consider. I think every potential entrepreneur should gain some level of proficiency in areas of:

– Accounting If you know what books are saying and can speak lender’s language this gives you an advantage. There are many home study courses, computer tutorials and good old fashion books that you can use to learn some basic accounting.

– Sales and Management Supervision Selling a product or service is life blood of business. Developing some basic skills in areas of sales, management, leadership, and supervision will greatly enhance your ability to grow your business. Don’t be afraid to take a sales seminar or class. Spend some time studying good leadership and marketing.

– Continuing Education It is vital that you stay abreast of your business and industry. You don’t want your business becoming obsolete because you are not staying current. Take time to join business and trade organizations; read journals; and study your ongoing local business climate. Also, take time to learn about complimentary markets as well as in other areas. Study areas of personal weakness. Perhaps you’re great with numbers but struggle with marketing creativity? Spend some time studying marketing and creative development.

If you are willing to invest time and energy into a long term plan for right reasons I believe you can be a successful entrepreneur. Remember, success is ongoing achievement of a worthy goal or ideal. If you’re moving forward you’re a success.

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