Comments on: Do You Have What it Takes to Run a Business? http://cashbulge.com/2007/08/05/do-you-have-what-it-takes-to-run-a-business/ Bigger Pockets for Bigger Wallets. Your authority on everything financial, from the internet entrepreneur to the off-line money mogul. Tue, 02 Dec 2008 17:02:37 +0000 http://wordpress.org/?v=2.2.2 By: Leonid Shalimov http://cashbulge.com/2007/08/05/do-you-have-what-it-takes-to-run-a-business/#comment-426 Leonid Shalimov Mon, 06 Aug 2007 17:14:16 +0000 http://cashbulge.com/2007/08/05/do-you-have-what-it-takes-to-run-a-business/#comment-426 @Jay Awesome post. Agreed with all your points there, really though provoking! Thank you for that contribution. @Jay

Awesome post. Agreed with all your points there, really though provoking! Thank you for that contribution.

]]> By: Jay Hamilton-Roth http://cashbulge.com/2007/08/05/do-you-have-what-it-takes-to-run-a-business/#comment-424 Jay Hamilton-Roth Mon, 06 Aug 2007 16:30:48 +0000 http://cashbulge.com/2007/08/05/do-you-have-what-it-takes-to-run-a-business/#comment-424 Along with #1: Passion. Running a business takes a lot of energy and you might find yourself wondering why you're doing it. If the answer is "for the money", then when things get bad, you're interest will wane. Along with #2: Trust. Honesty is hard to measure. So is trust. People want to purchase from people they trust. Give customers lots of reasons to trust you. Along with #3: Support. Seldom is a successful business a result of one person doing something. Create a team (even if it's virtual). Along with #4: A plan. Organization is good, but you need to have a strategic plan to help you figure out where you're going with your business. Along with #5: Innovation. You don't need to create something brand new. A twist on a familiar idea may be much easier to sell rather than educating people why your new thing is a much better paradigm. Along with #1: Passion. Running a business takes a lot of energy and you might find yourself wondering why you’re doing it. If the answer is “for the money”, then when things get bad, you’re interest will wane.

Along with #2: Trust. Honesty is hard to measure. So is trust. People want to purchase from people they trust. Give customers lots of reasons to trust you.

Along with #3: Support. Seldom is a successful business a result of one person doing something. Create a team (even if it’s virtual).

Along with #4: A plan. Organization is good, but you need to have a strategic plan to help you figure out where you’re going with your business.

Along with #5: Innovation. You don’t need to create something brand new. A twist on a familiar idea may be much easier to sell rather than educating people why your new thing is a much better paradigm.

]]> By: Graham Lutz, The Young Capitalist http://cashbulge.com/2007/08/05/do-you-have-what-it-takes-to-run-a-business/#comment-417 Graham Lutz, The Young Capitalist Mon, 06 Aug 2007 03:44:09 +0000 http://cashbulge.com/2007/08/05/do-you-have-what-it-takes-to-run-a-business/#comment-417 I think #2 two is both the most important and the most overlooked in this list! I think #2 two is both the most important and the most overlooked in this list!

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