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NOVEMBER 2015
Issue: 85
        SMALL BUSINESS

             SUCCESS  


Welcome to Vantage Business Support & Insurance Services

 

We all know how important small business is to the U.S. economy. Some statistics that you may not know are:

(1) they represent 99.7% of all employer firms, (2) they employ just over half of all private sector employees,  (3) they pay 44% of total U.S. private payroll (4) have generated 64% of net new jobs in the past 15 yrs.

 

VANTAGE has been servicing the small business community for over 35 years. Over the years we have accumulated much knowledge, contacts and experience in helping to protecting small businesses and help them become successful and grow. As such, we will be publishing a semimonthly newsletter geared toward providing small businesses with the latest news, products, and guidelines to assist in their success and growth. Please feel free to comment and/or request topics that are important to you for us to research.
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This is just a sampling of what we feel would be important to you. We have much more to offer. If you have any questions or need more information please contact us at 877-886-8277 or click the link below.

  

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6 Uncommon Personality Traits of Highly Successful People

Try using case studies, success stories,

What you do ultimately makes you successful...but how you perform starts with what you think and believe.

On the surface, the most successful entrepreneurs seem to be the same as everyone else.

But look closely and you'll see that in a few key ways they are very different--and so is the way they start and run their businesses.

Here's a guest post from Ryan Robinson, an entrepreneur and marketer who teaches people how to create meaningful, self-employed careers. (His online courses "Launching a Business While Working" and "Writing a Winning Freelance Proposal" can teach you how to start and grow your own business while working a full-time job.)

Here's Ryan:

When it comes to observing the world's most well-known entrepreneurs and uncovering what's helped them achieve success, it's easy to get hung up on the idea that so many of them were afforded rare opportunities at just the right time.

In many cases, that's true--just look at the impeccable timing Bill Gates had in immersing himself into the world of computing back when the industry was just getting started. However, it's far too naive to look at his success merely in a vacuum without examining other influences.

Bill Gates, Steve Jobs, and Warren Buffett, to name a few, all became incredibly successful because they were extremely well-prepared to take advantage of the first big opportunities that came their way.
In my interviews and studies with some of these successful entrepreneurs on CreativeLive, I've come to notice several key personality traits that most of them share. Without a doubt, these traits and inclinations help these business icons be more prepared to recognize and seize the opportunities they discover. Based on these interviews and my experiences, I put together this free Skill Assessment Sheet to show you exactly what it's going to take to start your own business.

When you're considering starting your own business, especially if you're going to be launching it while keeping your day job, you need to very consciously evaluate your own personal process for how you recognize viable business ideas, and how you allocate your time to pursue those opportunities.

These are the essential personality traits I've found to be most helpful in creating businesses that stand the test of time.

1. Be Willing to Embrace Failure.

While you're not likely to achieve success if you're totally reckless, you do need to take risks along the way, and accept that there will be failures that'll line your path to success. Just about every successful entrepreneur has a badge or two from a failed business venture.

Steve Jobs didn't simply give up on his career in business when he was pushed out of his role as the CEO of Apple. This personal failure merely gave him the motivation he needed to move forward. When he later returned to Apple, he did so with a much better understanding of how to lead and work with people.

2. Be Prepared to Listen.

A common misconception with some of our more outspoken entrepreneurs today is that they do what they want, regardless of the opinions of others.

However, almost every successful entrepreneur has gotten to where they are because they've been very good at surrounding themselves with other talented businesspeople and taking their consultation very seriously. In a 2014 interview, Richard Branson stated that the importance of listening has been one of the most important lessons he's learned as a leader.

3. Only Follow Your Passions.

It's all too easy to drift through life without conviction, never taking the initiative to first discover and then pursue what we're truly passionate about.

Many argue whether or not it's good advice to follow your passions, but a fact that cannot be argued is that when you're spending 10, 12, or more hours working on your own business each day, it's sure going to help if you're extremely passionate about what you're going to achieve.

4. Be Curious.

Without an innate curiosity and a devotion to learning everything you possibly can about an area of interest, you're going to have a very hard time coming up with creative solutions to the world's problems.
This rule doesn't just apply to the Albert Einsteins and Thomas Edisons of the world, there's always a way to improve upon existing products and services by tweaking how you solve the problems faced by existing users. Many of the world's best innovations have come from incremental improvements in how we solve already common issues. You just need to be curious enough to uncover those solutions.

5. Know When to Say No.

Not enough is said about how to successfully manage your time in the beginning phases of starting a business (before you've hit it big), which is really the make-or-break time for your fledgling idea. Truly successful entrepreneurs are ruthless about how they manage their time, which quickly becomes their most important business resource.

I believe so strongly in the power of focusing only on the opportunities that drive the most impact in my business that I created the "Just Say 'No' Time Management System" to help me prioritize business opportunities and allocate my time resources appropriately, as they come in.

6. Find Balance.

When it comes down to it, there's so much more to life than just business. Most entrepreneurs understand the importance of spending quality time with their families, taking vacations, and carving out time to reflect on the bigger picture at hand.

Challenge yourself to seek out a deeper meaning in both your work and your life. Then, you'll find that everything you do begins to feel invigorating, rather than like work.

 
SOURCE: Jeff Haden

DISCLAIMER OF LIABILITY

Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
 
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CONTACTS

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Please contact one of our 
VANTAGE 
professionals for assistance: 
 
Paul White
510-595-0904
paulw@vantagebss.com

Steve Cannon
510-595-0906
stevec@vantagebss.com

Gerri White
510-595-0926
gerriw@vantagebss.com



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Vantage Business Support & Insurance Services
4096 Piedmont Ave # 616 / Oakland / CA / 94611
28346 Alava / Mission Viejo / CA / 92692
 

 

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