Chelsea Singh’s latest Business Quotes

Whenever you find yourself on the side of the majority, it is time to pause and reflect.
Mark Twain

Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.
Dale Carnegie

No enterprise is more likely to succeed than one concealed from the enemy until it is ripe for execution.
Niccolo Machiavelli

A budget tells us what we can't afford, but it doesn't keep us from buying it.
William Feather

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
Adam Smith

All lasting business is built on friendship.
Alfred A. Montapert

Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.
Steve Jobs

 

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Tips for getting investment for your new business – from Chelsea Singh

If you’re thinking of starting up a new business, there’s a good chance you’re going to need investment to get your venture off the ground – even if you are starting on a shoestring budget.

So how do you convince potential investors that you’ve got the goods?

Here are a few pointers to get you going in the right direction.

Do the sums

Any serious investor is going to start talking about numbers, and you’re not going to get anywhere if you’re afraid of them. It’s true that projections for start-ups are notoriously hard – and the real figures are often wildly different – but that doesn’t mean it’s not a worthwhile exercise that may highlight problem areas and determine whether the idea really has any merit to begin with.

Be realistic

You may think that everybody’s going to be beating down your door to purchase hundreds of Thingummywatsits from you, but until you’ve tested the market, you really can’t know. Yes, entrepreneurs need to believe in themselves and have passion and drive, but that doesn’t mean being blindly optimistic.

Do your research

Test the market and find your competitors. This might sound daunting if you’ve never done it before, but you will be in a much stronger position if you get it together enough to do this research. Search the internet on terms that you want people to search for your products on, and see what comes up. Then try a bunch more. You’ll be amazed how many ideas have already been thought of and implemented…

Chelsea Singh is always on the lookout for new investment ideas.

Find out more at CS Investments.

More quotes about making it in business, from Chelsea Singh

Hell, there are no rules here - we're trying to accomplish something.

Thomas A. Edison

There are no secrets to success. It is the result of preparation, hard work, and learning from failure.

Colin Powell

I want to put a ding in the universe.

Steve Jobs

Business, more than any other occupation, is a continual dealing with the future; it is a continual calculation, an instinctive exercise in foresight.

Henry R. Luce

There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.

Sam Walton

Effort only fully releases its reward after a person refuses to quit.

Napoleon Hill

The hardest thing to understand in the world is the income tax.

Albert Einstein

Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.

Bruce Lee

I don't know the key to success, but the key to failure is trying to please everybody.

Bill Cosby


Click here to read about Chelsea Singh.

Could you run your own business? Part Three: Determination

This is the third of three articles exploring what sort of personality traits it takes to run your own business.

You can read the first part of the article here, or, read the second part here.

If you’re considering leaving employment and starting your own business, there must be something that sparked that desire. Perhaps you’re unhappy with your job, or maybe you’re tempted by the advantages of not having a boss, or perhaps (and this is becoming more and more common in the current economic climate) you’ve been made redundant and have a lump sum of money that is inspiring this idea.

But not everybody has what it takes to be an entrepreneur and run their own business. We’ve already looked at how important discipline and a thick skin are – this week we’ll look at perhaps the most important trait of all – determination.

Determination

Determination runs underneath discipline and a thick skin – it is the core of everything. All business owners get plenty of knocks along the way, and everybody has some failures. The difference between those that make it as success and those that don’t is determination.

Some people will wobble at the first bad news and throw the towel in. Others will see that as a challenge to relish and will find a way round, over or through the issue. Then, if they’re faced with another, they do it over, and over again.

Running your own business does not allow a lot of room for complacency, if you want an easy life, without stress or uncertainty, then you should probably stick to employment.

But if you’ve got what it takes to keep fighting against the odds, just because it’s in your bones to succeed, then you may have what it takes to become a successful business owner.

Could you run your own business? Part Two: Thick Skin.

If you haven’t read part one of this article, go here.

Some business owners, like Chelsea Singh, always knew they were going to run their own business. There was simply no question about it, it was an itch that had to be scratched and was just waiting for the right moment.

Others start out in normal employment and just consider running a business as a possible alternative, thinking about the benefits of freedom and potential wealth it could bring.

So if you’ve got the itch, how do you know if you’ve got what it takes to actually make a success of your own business?
 

Thick Skin

You’ll need resilience and a thick skin to make it on your own in the business world. Criticism can come from all sides, including well-meaning friends and family who think you’re making a mistake and it’s all going to end in tears.

Then you’ll meet other business owners who criticize your ideas or methods or might be deliberately malicious if they think you’re infringing on their territory.

Also, not all customers are reasonable, and every business owner has their share of rants directed at them, no matter how unreasonable, or how much they’ve bent over backwards to try to keep the client happy.

If you already know that you’re sensitive to criticism, and every time anyone disapproves of anything you do, you spend weeks brooding about it, then it might be worth reconsidering running your own business, and the benefits may not be worth the anxiety that will also come along.

If you’re a bit sensitive, but think you can take it, then prepare yourself for a bumpy ride and hang in there!

Read the next part of the article here.

For more about Chelsea Singh, click here.