I usually speak with many successful business people, I realized some important themes they have in common. Through my observations and experiences, I have summarized these valuable things for putting anyone on the path to success.
First, if you want to be successful in business, find a business that you feel passionate about. It will be difficult to succeed if your business in not in alignment with your goals or values. Someone may advise you to look for a business that has the best statistical chance of making money, rather than one you feel excited about being involved in. They may tell you that this is the safer and more practical path. But when you are doing something that you feel excited about, it doesn't feel like work. It may take a lot of effort, but the enjoyment and satisfaction will more than make up for it.
Have a clear vision at all times. In order to be successful, you must have a plan. This seems simple and obvious, and yet I regularly speak to entrepreneurs who seem to have no plan. They start to move in one direction, but then become distracted by another opportunity. They never travel forward, but end up moving back and forth, or side to side. If you have a clear vision of what you want to do, stay on course! Have a goal, and put all of your attention on achieving it.
Make sure that you put action behind your ideas. Many business owners come up with a multitude of good ideas. This is the fun part of running a business, and it does require creativity. But if you want to be successful, you have to act upon those ideas. New ideas generally sound thrilling. We can see the potential for making a lot of money and become excited. However, turning this great idea into revenue may take a lot of work. The amount of effort needed can be overwhelming, so the tendency is to procrastinate, and they are never implemented. Instead we think of new ideas for making a million dollars. Eventually we forget about the idea, or at least push it into background. This is a waste of creative energy. Coming up with new ideas is certainly important, but you cannot profit from them unless you turn them into something concrete.
Spend your time making money. Many business owners spend too much of their time doing things that don't generate revenue. My advice is that they should delegate work that they don't need to do themselves. By outsourcing mundane duties (accounting, administration, etc.) you can spend your time on the tasks that will bring in money - planning, meeting with clients, training employees, and so forth. These days it is easy to outsource work to virtual professionals.
Don't spread yourself too thin. If you do, it will very difficult to accomplish any of your goals. Focus your attention on one or two projects at a time. If you try to do too many things at once, you may not get anything wrapped up and put away. Even if you eventually get things completed, you'll always have a lot of unfinished projects. This can be very frustrating and demoralizing.
If you want to become successful in business, follow my advise. Find something you love doing, make a practical plan, act on your ideas, and be efficient about expending your energy. These are the key ingredients for success.