Attention Women Entrepreneurs: it doesn't matter whether you are new to the entrepreneurial world or if you have been struggling to make a profit in your current business €" this article is for you and you will want to read on!

With so many corporations still down-sizing, right-sizing or €cap€-sizing these days, there has never been a better time than NOW to become an entrepreneur! However, there are 5 basic essential functions that you must do and take action on if you want to make a profit and be successful in this economy.

Step #1 €" €Do What You Love€ and decide what and where you want to take your business. When you do what you love to do or in other words what some people call your €passion€, you loose all track of time, €work€ seems to be more fun and meaningful, and you have the motivation to sustain you when you run into €hiccups€ along your journey.

Step #2 €" Set measurable goals. Having an overall plan is a great place to start €" but don't stop there. Set some measurable short and long term goals for yourself. This not only helps you to get extremely clear in your business, but it also is a great way to track your progress along the way. As the saying goes, what gets tracked and measured, improves.

Step #3 €" Put systems in place immediately. Putting systems in place to help you with your business is smart because you leverage your time, energy and money. There are many different types of systems for all different types of businesses, so you will want to find the one that is compatible with your business. Remember €" Time is Money and you don't want to waste either one.

Step #4 €" €Mind-Your-Mind€. This tip is probably the most important one. Keeping a positive €can do€ attitude about you at all times is critical to the success of your business. As a coach, author and speaker, one of the €major€ hurdles that I see stop people from €growing€ themselves or their business is the little negative voice we all have in our heads that tell you €you can't do that€, €you're not good enough€, or another popular one is €who do you think you are?€

The difference between successful women entrepreneurs who are thriving in this economy and the ones who €fizzle out€ are the ones who simply notice that small negative voice and push beyond it instead of listening to that negativity and believing it is true. Simply know that you will likely get this negative voice every time you try something new or set a bigger goal€¦and push through it. You can do it!

Step #5 €" Hire a coach to keep you on track and moving forward. Just like all the successful athletes, politicians, business people, our presidents and many other successful millionaires have coaches (and many of them have several for various different specialties), you wouldn't want to do this on your own if you haven't done this before! €Recreating the wheel€ takes time and money, probably not something you would want to spend either. When you find someone who has done what you want to do and is still doing it (successfully), take a look at what they are doing and duplicate it €" you will cut your learning curve by up to 96%. This little investment in itself will propel you to the next level quickly!

I don't know about you, but that's a huge time and money saver to me! And, ultimately, you want to be able to run your business effortlessly, so you can have more freedom, time and wealth in your life and business. As a few of my coaches have said to me: €you are not in business to run a business, you are in business to make a profit.€ So€¦let's go make a profit and be successful women entrepreneurs in this economy!