Universe World Of Entrepreneur's Shows Two Keys To Success In Business

By: George Napoli

While there are no certainty in business, the galaxy of entrepreneurs will get you as close as possible. All entrepreneurs compete in their own galaxies. This insight ties two easy keys that ensure your future successes in business.
Key one is in knowing the galaxy. We use a pyramid shape as a model for our galaxy of entrepreneurs. There are four components in the model. Facts show these galaxies and the story they tell about business owners.
A. Shining Stars- entrepreneurs have the right skill sets required to run a successful business. Shining stars are at the top of the pyramid and only represents 5% of all entrepreneurs.
B. Fast Trackers- entrepreneurs have been trained at a growing company and still need some form of management support. Fast Trackers reside in the middle of the pyramid and represent 15% of the galaxy.
C. Existing Talents- entrepreneurs have been partially trained and really lack judgment and experience in running a company. Existing talents share the weight and mass of the pyramid together with Wannabe's, even though they don't share the load evenly. Existing talents represent 20% of all entrepreneurs in the galaxy.
D. Wannabe's- entrepreneurs lack a lot of the skill sets and knowledge to manage a successful company. Wannabe's use trial and error and pay the costs statistically for it. They represent 60% of the universe and the largest numbers.
So what's this first key about? The galaxy informs us and the numbers confirm that 95% of all entrepreneurs lack some of the skill sets to successfully run an enterprise. That also means only 5% have all the skills required to be successful.
Industry numbers confirm: 40 million businesses. 1/4th change hands annually. 90% of all businesses sales are less than $300,000. 20% of online businesses are profitable. 50% of all businesses close in the first 2 years.
Key two-is in knowing where you fit in the pyramid. Personally, I'm the lucky one. I learned later in life this discovery and went on a six year retooling program. 1st, I reviewed my weaknesses since those were so clear, then I committed the time to systematically improve my skills that would ensure my future successes in business.
It's apparent that few entrepreneurs competing today have all the skills and disciplines necessary to successfully run a growth company or business. Take a quick assessment. Your business and future profits depend on it. This will tell the tale and it's up to you to strengthen the skill sets you need to successfully run a business. It's a life long process and one that requires a different mind set.
Want to be shining star? Then learn to make a small shift in your orientation towards goals. We need to move away from a single goal orientation and add a learning orientation to it. Sometimes the trouble with success is, once you've achieved it, you have nothing to look forward too or to challenge you. Not so with a life long learning orientation where you will always have something new to learn, as you grow personally and professionally.
As Chief Officer, with over 450 personnel, I trained 100's of entrepreneurs and managers on some of the most vital skill sets including strategic organizational leadership. Here's a small listing of some of the skill sets available for everyone to learn: people skills, accounting for non financial managers, marketing, sales, communications, internet marketing and SEO, team building, project management, human resources, etc. Look to business classes in the night at local community colleges also.
In the final analysis, the two keys to the kingdom of your business fortunes have been placed squarely in your hands. Start now and commit to learning new skill sets. There are plenty of skill set seminars in business, so prioritize them to your own needs for a quicker start. Learn to work on your business as you work in your business. Good luck.

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George Napoli is Ceo of Yum Drops Flavoring with 0 calories for flavored water. George is a self proclaimed evolutionary and thrives in an envronment of change and creativityand he is passionate about working with entreprenurs. He retooled his skills and earn Master Certificates in: Strategic Organizational Leadership, Human Resource Development and is a Master Black Belt in Six Sigma. He's trained 100'f of entrepreneurs and business managers.

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