December 16, 2015 - Vertū Marketing

Running a small business is not a simple journey. It would be nice if people could simply follow a particular set of instructions and end up with automatic business success, but it is just not that easy. The road to success is fraught with roadblocks, failed strategies, bad deals and other obstacles. While the setbacks can be frustrating, smart business owners use these obstacles and leverage them for growth.

If you are a small business owner, it’s inevitable–you are going to face roadblocks. The important thing is to utilize these situations wisely by doing the following:

Careful evaluation: What problem are you facing? If you can identify the root of the problem, it is possible to ensure that it never happens again. Instead of the “sky is falling” approach, methodically chip away at the situation until you have clear answers. Think first, panic later.
Remain calm, find better solutions: Panic is a poor problem solver. If you overreact the moment a problem arises and quickly lay down a new strategy, it can ultimately result in more issues. Instead, do what you need to do to handle the issue at hand and commit to finding a permanent solution later. A calm mental state can help you generate better solutions.
Fix it!: There are a thousand possible solutions to any given problem. The key is to find the right one. Once you have identified the right approach, fix the problem right away. Do not delay in laying down protections for yourself and your business. The right solution may result in implementing a new strategy or stepping outside of your comfort zone, but growth may be initially accompanied by pain.

Do not be surprised by obstacles. Instead, embrace the potential that these situations have to propel you forward. What are the obstacles that are standing in the way of you and your company? Don’t run from them–face them head on and use them for your future success.

Creating and growing wealth is a goal that countless people have, but only a few ever seem to really achieve. Is there some master secret that these successful individuals are hiding? Actually, no. As it turns out, nearly every person who aims for wealth has the tools necessary to begin the process.

In order to keep wealth from stalling out and in a continual state of growth, try the following tips to get back on track:

Start thinking wealthy. Mindset is an enormous aspect of reaching any goal, and creating wealth is no exception. Shift your thinking from scrimping and saving to investing, and use it to create opportunities.

Network your way in. Networking is for more than just business opportunities. Making friends and acquaintances among the wealthy can help reveal some of the best investments and opportunities in a timely manner. On top of that, spending time with other wealthy individuals can help keep your mindset on track.

Quit the blame game. If an investment, business decision or other opportunity did not come to fruition as planned, take responsibility and learn from the mistake. Pushing blame onto others prevents any real learning about what works and what does not when it comes to creating wealth.

Make it a priority. The accumulation of wealth does not start after the business is secure, a portfolio is complete or a new product is launched — it begins as soon as someone decides that attaining wealth is the end goal.

Ultimately, no single action, plan or secret can bring about any type of real wealth. Using a variety of tools that most people already possess can be the easiest and most effective strategy toward meeting the goal of creating personal wealth.

Leveraging Obstacles For Your Success

Creating Wealth with 4 Tools You Already Have