How to Make Money as an Entrepreneur in 5 Steps

Let us say that you have decided to become an entrepreneur and start your own business, or you want increase your profits in your current business development.

How do you decide how to be successful launching a new product or service and how to make money on it? Here are some starting points on how to make money and increase profits in your business development as an entrepreneur.

Here is a question that will help you begin to take action on how to be successful with your business development as an entrepreneur. What qualities account for your greatest successes in life so far? What personal skills and abilities have gotten you to where you are today? How could you apply those same skills and abilities to starting and building a new business?

Discovering How to be Successful Starts With YOU

How do you find a new product or service, recognizing that 80% or more of products or services will be new in five years? Begin with yourself as an entrepreneur. Begin with your own talents, your own abilities, your experience, knowledge, interest, background, education and so on. Look carefully at your current work, your current business, your current position as an entrepreneur, or your current product or service.

Look within your own life and work, and decide how to be successful under your own feet. Deciding how to make money by looking at your own talents is the beginning step to your own business development.

Business Development for the Entrepreneur

If you already are an entrepreneur and have a company, what are the special talents, abilities, experiences, knowledge, interests and backgrounds of your business development today? What qualities, talents and skills have enabled your company to succeed up until now? What are the things you do best? What are the greatest opportunities within your business right now? Until now, how has your company answered the question of how to be successful?

To continue your business development as an entrepreneur, ask yourself these 5 simple questions. These questions are integral to gaining the profits you want. Answering them will answer the question of how to be successful with your product or service.

1. What is your mission? As an entrepreneur, why does your organization exist in the first place? What are you trying to accomplish for your client?
2. Who is your customer? Describe the exact person you are focused on satisfying with your activities.
3. What does your customer value? What is it that you do especially well that you are uniquely suited to provide to your customers? How can you exceed the standards set by your competition?
4. What results are you trying to accomplish? How do you measure success?
5. What is your plan? How do you go about satisfying your customers and getting the results that are most important?

To learn more about how to be successful as an entrepreneur, increase profits, and how to make money, take a look at my good friend Eben Pagan’s business development video HERE and take advantage of the FREE TRAINING he has to offer. Be sure to stay until the end to find out how you can get thousands of dollars worth of free training from me that will help YOU to achieve your financial and income goals as an entrepreneur faster than you ever thought possible! This training is only available for the next couple of days, so carve out a half hour of your time…you’ll be happy you did.

Thank you for reading my blog on business development and how to be successful as an entrepreneur. Please share my thoughts with your friends and colleagues.


To learn all about leadership styles and when to implement them, take a look at my recent post 5 Leadership Styles To Inspire Peak Performance.


Topics included in this article include:

How to Make Money

How to be Successful

Business Development


About Brian Tracy — Brian is recognized as the top sales training and personal success authority in the world today. He has authored more than 60 books and has produced more than 500 audio and video learning programs on sales, management, business success and personal development, including worldwide bestseller The Psychology of Achievement. Brian's goal is to help you achieve your personal and business goals faster and easier than you ever imagined. You can follow him on Google+, Twitter, Facebook, Pinterest, Linkedin and Youtube.

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