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How to become successful in Busienss?

I would like to pursue business and was wondering how to succeed in it

+25 Karma if successful
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To: Friend
Subject: Career question for you

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Daniel’s Answer

Great question Andrew! One of the amazing things about business is the broad scope. Some helpful steps below:

1. Discover your passions! This is key to be happy and successful in business. When you discover your purpose it makes business that much more fun! Once you know your passions then I would research that particular business segment to see if you want to work your career in that business industry. Another item to think about is would that particular business segment "pigeonhole" you in the future. Example: I have a passion for the theme park industry. I thought about obtaining a degree for that industry but then thought do I really want my degree to limit me to the amusement industry? I instead decided to get a business management degree and keep my options open. Currently, I work in finance which I never saw myself doing but really enjoy it!

2. Go the extra mile and think outside the box. Do not rest on your past achievements and always be thinking of new ways to "enhance" your job functions. One of the worst answers I hear collogues say when asked why a certain process is performed is "we have always done it that way". That is a terrible and lazy answer. Maybe the way a process is completed is the best way but back up your answers with facts/data not feelings or emotions. I can't implore you enough that going the extra mile or doing tasks without being asked will make you stand out and get recognized by management.

3. If possible surround yourself with team players. Over the past five jobs my absolute favorite job was the one where I was surrounded by hard working individuals that were team players. As the famous quote goes, show me your friends and I will show you your future. Even though business is different the people on your team will make or break your personal success. Always encourage people and help in anyway possible even though it may not be your "normal" job function. By being cross trained this will make you much more valuable to the company and usually help you to get promoted quicker over other colleagues.

Lastly, I have suggested some books to read below that will help you on your business journey.

Daniel recommends the following next steps:

The 4 Disciplines of Execution: Achieving Your Wildly Important Goals
Love Works: Seven Timeless Principles for Effective Leaders
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Julie’s Answer

Business is very broad. First you should identify your passions and strengths. For example, are you good at math, public speaking, science, a great people person. Then think about if you're creative and driven and want to start your own business or work for a corporation. If you are going to college you can major in Business Adminstration until you zero in on a specific area of interest. If you are not going to college, look for a business that you are interested in n your area (could be an office, gym,restaurant, etc) and see if you could help out or get an internship. Paid or unpaid, just to get exposure.
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Rebecca’s Answer

Thank you for your question. I am glad to hear that you would like to become entrepreneur.
Have you thought about what industry you would like to start your business?
Below is my suggestions :
1. Identify the industry you would like to start your business, e.g. your interest, hobbies or you have strength on
2. Take the relevant subjects in the college as your major and management / business related courses as your minor
3. Explore any intern opportunities to work in the industry
4. Work in the industry for some time after your graduation to understand the operation business and establish people network.
5. Analyze the business model, e.g. the entry criteria, competition status, any substitute, etc.
6. Start the business online first if possible.
Hope this helps! Good Luck!
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