Being an entrepreneur myself, and having run a web development business for almost two decades, I have seen many ecommerce businesses come and go. And, with the statistics from the Small Business Administration that say up to 85% of all businesses have been failing within 18 months of starting, the odds are against entrepreneurs.
But there are steps entrepreneurs can take to better those odds. Start by working on your business. There are five basic questions you can answer that could make a huge difference in the success of your endeavors. They are: Why are you doing what you are doing, what are your core values, what is your mission, what is your strategic vision, and what is your strategy? Working on your business, especially when starting out, is just as important as working in your business. That is why I have created a series of free webinar/workshops (I call them Webishops) to help entrepreneurs at www.webishops.com. These Success Planning Webishops help you to answer each of those five questions.
Your mission answers the question; what do you do?
And it begs the question; is that really what you do? Mission is a part of doing. Your mission is part of the action. For example: Let’s say John Jacob Jingleheimer Schmidt works in a factory. He stands at a conveyor belt. His job is to put nuts and bolts into compartment B of a container so the product that this company makes will have all of its nuts and bolts for the customer when it gets shipped out. And when people ask, he says: “My job is to stand at a conveyor belt. I’m putting nuts and bolts into container B and that’s what I do all day long. It’s kind of boring, but…”
Your edict should be designed after your mission statement, not instead of your mission statement. Yes, your edict may replace your mission statement, but it is easy to mess up an edict if you do not have your mission defined. Listen to the Podcast to find out more!
Why Do You Do What You Do? Why is the core of success. If you do not know why, your passion and determination can leave you quickly. Watch this Podcast by Dr. Ty and fuel your passionate Why! See the video at www.webishops.com.