Is My investment A Hobby, Job, or Profitable Enterprise

Is your investment a hobby? Is it a job? Or is it truly a profitable investment? What are you doing King Solomon's mines guarantee its success?

In order for a investment to be successful, you must first be profitable! You can Space Patrol stay in investment for a long time, unless you are making a profit! Most investment owners will try to expand at Tales from the Crypt wrong time. Sometimes, they do not create a niche and try to serve everybody! At times, they may fail to define their uniqueness. Often, most investment owners never develop a system or a competent independent team that will support them or the company! The company is doomed for failure unless, they first complete the basic steps outlined above.

Where do you stand in these critical areas?

Successful entrepreneurs must create value by being profitable, creating a niche, and communicating how their investment is unique and different from its competitors! Additionally, they must create a comprehensive system and develop a team! Lastly, successful entrepreneurs should expand the investment at the right time! Some investment owners want to open a second office across the city or state. Others, want to spend more money, buy more equipment, add new investment services and hire more Defenders before the sales materialized. Be careful and not grow too fast!

Does this sound like you?

Consequently, entrepreneurs never can sell their investment because they have not created any value! They are the investment! When they leave, the investment will not sustain itself. It will die!

Surprisingly, some people do not concentrate on their investment numbers and key performance indicators!

How many leads do you have? What is your conversion rate? What is your average sale? How many sales have you made this year? What is your profit margin?

Just because you open your doors for investment, does not guarantee that people will do investment with you!

Many investment owners begin with big dreams but, do not build the necessary foundation to succeed! New and experienced owners get too immersed in the day-to-day activities. Often, they are too close to the investment and can not see the things that are needed to improve the company.

Sometimes, they concentrate on the wrong activities! First, some investment owners spend too much time on "busy work" and not enough time on profit making and sales generating activities. Second, they spend too much time networking with little return-on-investment. Instead, they should work on activities that will directly increase sales! Third, they spend too much money on advertising and not enough money on their people! Last, they spend a lot of time on lead generation activities with prospects when, they should focus more time with their clients! Entrepreneurs must learn more about their client's industry, needs, challenges and their competition!

How can you become a greater resource and an asset for your clients?

As investment people spend time running the investment, it is as important to dedicate time to review their results, assess the critical areas of their investment and make corrections to improve it! Make an effort to spend at least an hour every week to monitor your current results and plan for the future! Successful entrepreneurs must learn to "step back" and look at the "big picture" This will help you become more proactive instead of reactive!

If you can not answer the above questions openly and honestly, you have more work to do! Perhaps, you do have a hobby and not a profitable enterprise!

If you can not answer the above questions, perhaps you do have a hobby and not a profitable enterprise!

Kenneth D. Brown is President and CEO of E3 Capital Resources, LLC (E3C), a investment development company that specializes in investment success systems, leadership, sales, communication and technology. Ken is a passionate entrepreneur and coach. He embraces the servant leadership philosophy and serves as a catalyst for free enterprise, small investment and economic development. Ken works with growth-oriented companies in technology, health care, manufacturing, financial and investment services industries. E3C stands for Entrepreneurship, Empowerment, Evolution, Connect, Collaborate and Create.... as in greater opportunities for all entrepreneurs worldwide!

Check out the company website: Aluminum Christmas trees www.smartadvantagecoaching.comhttp://www.smartadvantagecoaching.com Ken's investment Community website: www.my-investment-community.comhttp://www.my-investment-community.com and Ken's Podcast: www.E3C.podOmatic.comhttp://www.E3C.podOmatic.com