3 Steps to Success in Business

I recently watched an interview with the former Honeywell CEO, David M Cote. The guy has done many good things in the corporate world, but today, he focuses on his thoughts on steps to success.

Of course, he was not talking about online business specifically, but these steps can be applied to any business, including online businesses.

So here are the three steps to success in business.

Have a short-term and long-term plan.

Most business owners have short-term business plans, and many online entrepreneurs do not have any plans.

According to Mr. Cote,  you need to have both short-term and long-term business plans and you need to invest in both, this will ensure that your company and business survive.

For an online entrepreneur, it is very difficult to focus on long-term plans, my recommendation on this is to figure out what do you want in long term and then divide it into small steps that you can do daily.

Focus on what you can do now.

This is another area that hinders most successes, as entrepreneurs we tend to have big dreams and doing great things, and we end up losing sight.

If you do not have money to invest in paid traffic, do not lose sleep; focus on free traffic, and when you get some money to invest, do it.

So his advice on this is to focus on what you can do now and do as best as you can, and when you grow, you will be able to do bigger and better things.

Find a business model and stick to it.

This is the area I had a lot of trouble, I tried every online business model you know, PPC, List building, Trading, Gambling, Google Adsense, Clickbank, and for many years I was making a small amount of money each month, the main reason is I did not focus.  

Here is the advice: many online business models work, but they only work if you work on them, and trying to do all of them simultaneously would not move a needle.

Find one proven business model, learn it, perfect it, and stick to it in the long run, and you will succeed.

Here is how to find a business model that works for you.

So that is it, those are three steps to success in business according to the former Honeywell CEO and president David M Cote, start applying them to your online business and you will succeed.