A Five Step Formula for Creating a Successful Business
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By Dr. Freddy Davis, Journalist (not in list)






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    Step 2 - Set Process Goals

    Almost every business owner has studied goal setting to some extent. It is such an important aspect of business that most people read about it and even attend seminars to learn how to do it more effectively. Most goals, as with most purposes, have to do with accomplishing a task. But there is a level of goal setting that goes beyond simple outcomes.

    Process goals relate to personal growth activities, and they don’t have an end. Think of the process of losing weight or getting physically into shape. When can you quit the diet or stop the exercise program? Do you do it when you attain a fixed goal? When you drop your twenty pounds can you then go back to the way you ate before? When you get to where you can jog for thirty minutes straight do you quit the program? If you do, you will quickly get back into the same condition you were in before. So of course you don’t just quit. If you want to accomplish the real goals you have to continue these programs indefinitely. They have to become part of your lifestyle. The “process” has to continue.

    When it comes to our business, it is not enough to simply set it up and let it run itself. The development of the business emerges from our own personal development. We have to identify all of the factors that make us better and more effective individuals, then make the development of those things an ongoing part of our lives. There are too many factors to list them all, but they will include such things as: 1) learning to control our emotions (we don’t want to be tempted to quit the first time we get discouraged), 2) maintaining our physical stamina (it is physically demanding to run a business), 3) staying mentally sharp (new innovations are always happening and someone else will jump ahead of us if we don’t keep up), and 4) keep our relationships in order (including the relationships with self, family, customers, distributers, etc.).

    Step 3 - Develop Long Term Plans

    The third step relates to strategic thinking. It is not enough to know how to do the various tasks related to your business. There are probably hundreds, maybe thousands of people out there who can do that - many better than you. We can’t see our business in terms of simple repetitive tasks. Once we have our goals firmly before us, we have to look way down the road and decide specifically where we want to end up.

    If you go for a hike, you can walk ten miles in a circle or you can end up in the town on the other side of the mountain. In your business you can just make enough money to pay the mortgage or you can build an empire. Barely getting by might “just happen” if you have a great deal of luck. Building an empire (even a small one) requires knowing where you want to go and developing a grand plan to get there.

    Step 4 - Build Up Your Personal Development Tools

    The effort we put forth to make ourselves successful begins in our mind. It relates to the purpose, goals and strategic planning that we do to become the kind of person who operates on a higher level. But once we know where we want to go, and how to get there, we have to begin implementing the process. This brings us to the personal development tools.

    The tools are skills that we must develop in order to become a better person. There are too many to list them all individually, but we can identify them in broad terms in order to get a grasp of the concept. The skills fall into four categories.

    C The first category is emotional skills. These are skills that help us have control over our emotions.

    C Category two is physical skills. This set of skills relates to things that improve our health.

    C The third set of skills are mental skills. These relate to our ability to acquire, store and use knowledge.

    C The final category is the spiritual and relates to relationships skills.

    By developing a life process that continuously develops these skills, we automatically generate a life that has the ability to be successful. We don’t simply generate a successful outcome, we become a successful person.



    Continued On Next Page (What makes a successful business, Page 3) ...


    AUTHOR: Dr. Freddy Davis

    TAGS: Life                              

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