By: James Goetz
Turning Concept to Profit-Flow’s Effects
By James GOETZ COMPANY
(New Jersey) Let us delve into your flow and how it specifically affects your business.
By now you should have an idea of what your passion is? If you do not, take some time to reflect. What do you enjoy? Going back to the age old question presented by guidance counselors in high schools across the country: If you never had to worry about money and all your needs were taken care of for generations to come, what would you do with your life? What idea comes to mind?
Now that you have identified your passion, lets fine-tune it a bit. Is it a product, service, e-commerce business, what exactly is it? Now how can you turn it into a business?
Let’s use baseball as an example. Say for instance your playing career is over. You gave the game one heck if a ride. You hung up your cleats and are still passionate about it. Take a look into the industry and see what is missing. Is it a clothing line? Is it a better bat, glove, or clean? Do the research to see what problem can be solved by you? Have the confidence to solve that problem! Yes, the thought of this reality can be intimidating. Keep your feet moving forward though. Even if only at a shuffles pace, you are still moving forward.
Planning and projections are road maps to your business. They help you see your business and products as a tool to make a profit. You predict is of course what customers (clients, patients, members, etc.) by so you make money and thus a living. *Note: If your business is service oriented, your inventory is your customers.
If you fail to plan you r plan will fail. It has been understood that those who put their plans to paper succeed far more than those who do not. Start building your road map (plan) to seize business success by putting it down on paper. Write down your goal, which must be objective (measurable). Ensure it is very specific. Then write realistic steps with specific time frames, to accomplish mini-goals on your way to tackling your main goal. If you are unsure on how to do this, look for a local chapter of SCORE in your area. This is a free and invaluable service that can help you along the way to seizing business success and guide you to turn your passion to profit.
When writing out your plan to success, ask yourself if you would use this product or service. If you would not use it, why would anyone else? Your product should be one that you fully stand behind and use daily. You should be proud of it, as it is your baby. Nurture this baby that you fully stand behind and watch your passion turn into profit. You will have seized business success and not even realize it!
James "Jim" Goetz, affectionately referred to as, "Dr. Daddy", is a leading global expert in the field of health, fitness and wellness having spent many years as a strength and conditioning coach, completing his national chiropractic board exams and authoring numerous articles on the subject. He currently explores the unknown in advancing human performance through scientific research.
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