5. Traits, Habits and Skills of
Success People
1. The ability to envision success
2. The ability to lead and influence
3. The abilty to chart the course
4. The ability to empower others
5. The abiltiy to focus on priorities
6. And continious search of knowledge
Knowledge is the ingredient to
succeeding. Knowing why failure
occurs can help you avoid some
of the common pitfalls
6. Some of the most common
reason why small business
fail
1. Lack of knowledge of the business they are
in.
2. Lack of vision and purpose by owners
3. Lack of financial planning and review
4. Overdependence on specific individuals in the
business
5. Poor market segmentation and or/strategy
6. Failure to establish and/or communicate
company goals.
7. Competition and/or lack of market knowledge
8. Inadequate capitalization under funded or
poor cash flow
9. Absence of a process for continuous
improvement
10.Owners concentrating on tactical issues
rather than strategic issues
7. The key to developing stronger
success attitudes is twofold
1. First recognize that your attitudes have been
developed over time and they can be changed or
developed to be more conducive to your success
and current goals. You are 100% in control of
developing your attitudes
2. Second realize that any meaningful and lasting
change must occue over a period of time and
evolve from consicoius daily input of positive,
growth-oriented ideas. Success attitudes result
from repetitive positive input over time
