http://www.themillionairedropout.com Vince Stanzione author of The Millionaire Dropout, fire your boss, do what you love and reclaim your life gives tips to starting and running a business.
Millionaire Dropout Business Tips - Starting or running your own Business - Start Here
1. 9 Top Business Tips
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9 Top Business Tips
from The
Millionaire Dropout
by Vince Stanzione
2. 1. Start Your Own Business
Whether it’s part-time to
begin with, acting as an
agent, or consulting a few
customers alongside your
existing job, start your own
business and be proud about
what you do. You are not
going to get rich working for
some else.
Just DO IT! – Don’t wait for everything to be
perfect – It never will be
3. 2. Put Customers First
The aim in business is, of course, to
make money. However, if you only focus
on money without looking after your
customers or finding out what the
market wants, it’s going to be very hard
to make money. You must also
genuinely enjoy your work, be proud of
your business, and be happy to serve
your customers.
Some of the world’s most successful
entrepreneurs, including Henry Ford,
Conrad Hilton, and Hoichiro Honda,
believed that money was just a by-
product of a good business. Realize that
a one-off sale/order will not make you
rich. It’s repeat business that counts.
Build up a relationship with customers. Be a friend, not a salesman
4. 3. Be Market Driven, Not Product Driven
Find out what the market
wants and who you can sell
to before creating or buying
products. I explain exactly
how to do this in my book
and how to test ideas with
little or no money.
Find out what people are buying – Give them what
they want
5. 4. Create a Professional Image
Using paper with a good
letter head, a business
center, and professional
domain name will put you
on a level footing with the
big boys, even if you’re a
tiny company. Use
templates and tools
A small one person business can and must still look professional
6. 5. Don’t Waste Money
Don’t get suckered into wasting
money in business. Negotiate
everything and run a tight ship,
even when things are going well.
At the same time, realize that
money invested wisely will
improve your business. Invest in
training, books, and seminars. It’s
pointless having state-of-the-art
equipment if you lack the skills to
use it.
Keep Your Business Lean, Mean & Keen
7. 6. Be Ready for Change
One thing in business is
certain, and that is that
there’s nothing certain in
business! Things
change, often very quickly.
Today’s big seller is
tomorrow’s totally
unfashionable item. Keep
your eyes open, watch out
for new trends and markets.
Don’t be afraid of change- A small business can react quickly and profit
from change
8. 7. Don’t Quit, Believe in Yourself, and Always Give
100 Percent
Stress, problems, new challenges,
frustration, and let downs are part of
everyday business life. If you hide away in a
corner whenever something goes wrong,
you won’t survive in business long. You’ll get
knocked down. It happens, and it’s
acceptable.
The question is, do you keep bouncing back
up again? You must bounce back, learn from
your mistakes, and keep going. Stay on the
ground for too long, and that’s where you’ll
be forever. Get up, fight back, and you’ll be
a winner.
Everything is possible, and if you want
something badly enough, you’ll get it.
Keep Moving Forward
9. 8. Realize that Marketing Is the Key
No inquiries means no orders. No
orders means no money.
No money means no business. No
business means you’re out on the
street!
—Vince Stanzione
The reality is that marketing makes
or breaks you. You must advertise,
use press releases, direct mail, the
Internet, and any other method that
will effectively spread the word
about your product or service.
Marketing & Sales should be your main focus – outsource the rest
10. 9. You Don’t Have to Know it All
You can outsource most tasks,
license products, buy resale
rights, have someone else
write a book for you, or
research a product.
Thanks to the global
marketplace and sites like
fiverr.com, elance.com,
guru.com, almost any task can
be outsourced at a reasonable
price.
You can have a multi national business with no staff thanks to outsourcing
11. Fire your Boss Do What You Love Reclaim Your Life!
www.themillionairedropout.com
The Millionaire Dropout is a
school-of-hard-knocks ‘how to’
manual. There is no exam or
fancy degree at the end, but if
you follow the advice in this
book and take action, you can
live a lifestyle others only dream
about. You can join the new rich
– those not only rich financially
but also rich in time and
fulfilment.