Todd Tidmore, Advice For Your Business

Todd Tidmore Advice And Tips For Your Business Success

Author: Naz Daud
Undeniably there are certain things that successful business people do with regards to opportunity that others do not. This may be perceived as almost a secret mode of the successful. The various literatures on entrepreneurship agree that there are certainly some traits that are adopted, either by instinct or deliberation.

Innovation and entrepreneurship - what is the difference?

Innovation is the adoption of ideas and taking action to implement them.

Entrepreneurship, on the other hand, is all about spotting opportunities, gathering the resources and potential and getting the idea to market.

With all this said, what is the psychology of success?

It may be argued that successful people have the habit of doing things failures don’t like to do; they don’t like to do them either but this dislike is put firmly into second place behind the strength of purpose.

Upon analysis, successful people seem to have the habit of doing things in a different way from the unsuccessful, thus showing that attitude is a key factor of the secret to success.

Goals and success

The very fact that goals are present shows that ambition and drive are present.

Goals make people work that much harder and provide a reason to work.

So it is necessary to be clear in one’s desires - lifestyle, car, house social life etc.

Accept responsibility

It is very obvious that successful people accept responsibility for the consequences of their actions. They don’t blame others and accept failures as being a product of their own behaviour. This enables people to take control of the situation rather than have the situation take control of them.

Self - limiting beliefs

This is the only ting that holds us back. Fear of failure is drummed into us from a very young age with the result that we are scared to mention our deepest ambitions. Believe it or not, fear of success is yet another limiter on our beliefs.
So it is important to examine just what is holding us back, and realise that most fear is mental and not actual.

Developing a positive attitude

If one is surrounded by negative people then it is possible for this negativity to migrate and be absorbed by yourself.

It is essential not to be surrounded by doom merchants who foist their own sense of inadequacy on to you and tell you why this or that will fail.

Believe in yourself

Self-belief and self confidence are probably the most important gifts we can have and pass on to our offspring. The reason for this is that this produces an atmosphere whereby we are willing to experiment and try new ideas.Also, importantly; we don’t measure ourselves by other people’s standards.

Take the decision to be successful

Success does not just happen to you, it must be worked at. Concentrated efforts and trade-offs are required but anything can be achieved.

Time management

Many successful entrepreneurs are habitual list makers. Time must be managed effectively therefore it is a must to have clarity of what you are trying to achieve.

Set goals and achieve them

What are your goals? What do you want to have achieved in the next three weeks, or in the next three months? What is it that you want to achieve in the next three years? A combination of all of the above will certainly improve one’s chance of success, irrespective of the chosen field.

Author: Ron Finklestein

Other business authors discuss why businesses fail. I prefer to focus on the positive: businesses that thrive and why they become successful. There has been so much negative news over the years about job loss in NEO that I wanted to find out first hand the true story. I talked with nearly 50 small successful Northeast Ohio companies and I found out things were not quite as bad as the news portrayed.

I found three things that inspired me and helped me understand that the small business market in NEO is alive and well. Companies that are doing well exhibited three primary behaviors: the business owner exhibited a positive attitude, the business created and implemented a sound business strategy and they had the discipline to they focused on the strategy.

The attitude of the business owner is the single most important principle described in the book. The owner must accept 100% of the responsibility for the results of the business. When responsibility is accepted, action can be taken to make the necessary changes to accomplish the desired results.

When success is achieved, these owners are generous in giving credit to others within the organization. Without exception, the most successful business owners understand it is all about people: hiring and retaining the right people, eliminating ineffective people, and providing the necessary resources for employees to master their tasks.

Having and implementing a sound business strategy is next. A large complex strategy is not necessary; a one page document will do. However, the business strategy does need to be well thought out, carefully crafted and well executed. The business strategy will define and drive the activities and behaviors the organization must execute to become successful. If you do not have a business strategy, the organization becomes like a ship without a rudder - it can’t be steered - it just goes in circles. A business strategy should include such things as: a financial plan, marketing differentiators, product strategy, and employee retention strategy, etc.

The other two attributes become much more effective when discipline is in place. Discipline can be defined as “staying the course,” and executing the strategy. The most successful companies understand the value of discipline and they work hard maintain the course defined by the business strategy.

A poorly crafted business plan that is well executed is far superior to a well-crafted business plan the sits on the shelf.

Discipline is not overreacting to market changes, staying focused on your core markets, and measuring success as defined in the business plan.

Business success is contingent on these three principles: attitude, strategy, and discipline.