Subscribe to Entrepreneur for $5
Subscribe

7 Essential Strategies You Can Use to Grow Your Business

It's important to remain optimistic while running your own company.

By
Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur United States, an international franchise of Entrepreneur Media.

In this video, Entrepreneur Network partner Brian Tracy explains a few attributes that are necessary to be successful in the business world. To start, you must have a product that is needed by the marketplace and which is reasonably priced. 

If you own your business, you should be on location almost all the time and be very hands-on. A significant part of running a business is being willing to get into the nitty gritt of the business and even tackle the small tasks. Tracy compares a business owner's responsibility to a physican's, because both should always be ready to take charge. 

Stay positive and optimistic. Things will always be going wrong in business, but it's important to avoid feeling down. You must consistently searching for the silver lining and look for learning moments when things don't go as planned.

Finally, don't lose sight of the customer. As Tracy puts it, the success of your business is directly related to the number of happy customers you have. You must first look to attract customers, then make them regulars, then have them invite friends. 

Click the video to hear more from Brian Tracy. 

Related: Struggling to Find Career Excitement? These 4 Steps Will Help You Discover (or Rediscover) Your Passion.

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on RokuApple TV and the Entrepreneur App available on iOS and Android devices.

Latest

A Drone Just Dropped Free Weed Over Tel Aviv

In a protest to legalize weed in Israel, protestors release bags of cannabis onto the city streets.

Changing How the World Views CBD

The CMO of cbdMD talks about how he uses patience, partnerships and data to grow brand awareness.

WATCH: The Weed Business According To Jim Belushi

The actor opens up about his new TV show Growing Belushi and how cannabis would have saved his brother's life.

There Is A Town In North California Called Weed

And Netflix just named it one of the funniest town names in America.

Watch: DEA Raids Seven Grows In Antelope Valley

In a major crackdown on the illicit market, a multi-agency effort shuts down illegal California grows tied to Mexican drug cartels.

Evolving from Brick and Mortar to Ecommerce

CBD oil company Sunday Scaries's co-founders share the lessons they learned from running a sports bar and how they've applied them to their ecommerce business.

3 Ways To Deal With Face Mask Annoyances

Are you suffering from 'maskne' or glasses fog? These tips may help.

Succession Star Brian Cox Says Cannabis Helps Him Relax

The Golden Globe winner has been using the plant since he was 50.

Exclusive Video: Inside Dixie Brands Partnership with Arizona Iced Tea

CEO Chuck Smith shares details of the deal. Plus, how he grew the company from a "garage operation" to a massive multi-state player.

What You Need to Know to Be Successful in the Cannabis Industry

Jessica Abo sits down with the CEO of Weedmaps to discuss the company's journey and how you can be successful in the cannabis industry.

Exclusive: Why Canopy Growth's Ex-CEO Got Canned and What He's Doing Next (Watch)

Bruce Linton talks candidly about his past and his future. Listen very carefully. This man has crazy knowledge.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.