Becoming a successful entrepreneur is your goal and your start-up business is now in its third week of trading.
Thank you for following the Business Start-Up Month posts on this site. This is becoming a popular series.
In The Solo Success Start-Up Guide the motto for week one is:
Markets Matter Most.
That’s true. The market will decide your fate.
The motto for week two is a sobering one:
You’ve nothing to sell until you know what people are willing to buy.
Now it’s week three. What’s important for this week?
How to become a successful entrepreneur – quickly
The advice I offer to new businesses and fledging entrepreneurs in the guide is the advice I offer to all our customers. It’s advice that I follow every month, too.
Week three of the month is the time to think about business development. Each month I work out:
- how many hands I have shaken
- how many new hands I have shaken.
It’s a simple metric, but it’s an indication of:
- how much business I am doing
- how well I am building relationships
- how many new prospective clients, prospective strategic alliance marketing partners etc I meet.
I then work out how many business discussions I have had and how much business – new and repeat – I have gained.
There is a relationship between how many new hands I shake in one month with how much new business I gain two or three months later. Keeping relationships going over time helps with repeat business, too.
The top tip for business success
In the third week of each month I plan out my networking schedule because it’s through business networking that I tend to meet new customers and new business partners. I decide which events I will attend in the next four weeks. I work out which seminars or other events I will attend. I work out how much “virtual networking” I plan to do via social media.
Then for the next four weeks I implement that plan.
So what is the motto for the third week of each month? It’s:
Get out more.
Business doesn’t come just because you’re there. You – and I – have to go out and find people and businesses to work with.
The businesses that are going to succeed and continue to succeed are the ones that both understand this point and act on it.
See you out and about.
Over to you
It’s nice to have a metric to think about.
- How many hands do you shake each month?
- Do you find there is a link between people you meet and how much business you gain either directly or by referral?
Is this a metric that you use? Let me know in the comments below.
If you like this post please “like” it on Facebook and tweet about it using the hashtags:
#startup
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You might also like to read:
The Five-Minute Guide To Managing Your Second Week In Business
The Most Common Mistake New Businesses Make – And How to Avoid It









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