There are what I call the Seven Essentials Secrets to Entrepreneurship and financial freedom that are critical to the formation, development and success of any new organization. Having a great idea, a passion, a unique product or an expertise with the desire to breakaway, be your own boss and start your own business qualifies you as having an Entrepreneurial spirit. It is when you decide to mix your desire and spirit into the creation of your own business you become a New Entrepreneur.
It does not matter if it is full-time or part-time. Nor does not matter if it is a home-based business, a franchise, network sales, retail store, web based ecommerce, professional services or any other organization; they all follow the same fundamental steps necessary for formation, growth and ultimate success.
Core Essentials For Any Business
These core essentials of business formation and success separate are nothing new. They are well documented, common sense business fundamentals that have been used by successful entrepreneurs for as long as there has been commerce. The problem is that a majority of new entrepreneurs do not follow many of these essentials and risk delays, unforeseen costs, inefficiency and potential failure. They focus only on their passion, product and essential steps they know and understand, but are ill prepared to cost-effectively and successfully grow their organization because of the essential steps they missed in developing and implementing their vision.
What is also changing rapidly is how we will all do business in the future. How we plan, organize, operate, market adapt our business in this changing economy is important. Implementing the right tools and strategies with each essential step of development is imperative to remain competitive.
Using these core essentials can also be a great resource for any existing business, as any organization needs to continually evaluate each of these essentials to make sure that you are staying on course and evolving as an organization.
What Are The Seven Essentials?
Over this series of blogs and podcasts I am going to share and discuss each of the Seven Essentials for the New Entrepreneur, in order to help those looking to start a business, as well as those who wish to re-evaluate the fundamentals of their organization in order to help adapt and evolve to a changing market or industry. The purpose of this series is to not only give you the essential step necessary to successfully plan and establish your new business, but to also give you insight towards the newest operational tools and marketing strategies to maximize efficiency and profitability.
So what are the Seven Essentials? The Seven Essentials to start or grow any business are:
- Vision and Support
- Planning
- Funding
- Forming
- Implementation
- Marketing
- Commitment and Flexibility
As a list they are not very impressive, but if followed, planned for and implemented properly it can make the difference between tremendous success and potential failure as an entrepreneur.
Begin the Process
To begin to learn more about the Seven Essentials and to find great ideas and solutions to creating your new business visit New Entrepreneur Essentials to learn more.
In preparation for my next blog discussing the first step of the Seven Essentials, write down the following very quickly, without a lot of thought:
- What is my core product and service?
- What is my vision and goal for my business?
- What is my level of commitment to this business?
- Who is my support team?
These questions may seem a little vague at first, but after you write down your thoughts initially give them some additional thought as to what they mean to you and your business. Feel free to add to your initial answer as it will become the core of your new business .
Bill Sifflard - With over thirty years experience as an entrepreneur, an executive, an author and as a business consultant, Bill Sifflard has a long history of experience bringing innovation, efficiency and success to large and small businesses adapting to evolving markets.
As a premiere Sales and Marketing Innovator, Bill is changing how business integrates traditional marketing strategy with the power and potential of the internet utilizing his "Velocity for Success" matrix.
To learn more about Bill and Bssential Small Business Solutions you can visit http://www.bssentials.com and register for his Free eNewsletter or follow all of his blog posts by clicking on the RSS feed button above. 
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