9 Things to Know Once You Start a Business
Once you’ve start your real business, you’ll need to get a right mindset to continue making profit. But on top of that, these are things you must keep in mind all the time while you run your business.
1. The Paycheck Addiction
Entrepreneurs have to break the addiction of needing to get a paycheck! If you are building a business, you must think long term. Build your ground work today for the future, not the other way around. Invest in the business and make sure it has the infusion of funds it needs to succeed. You ARE your business. Pay into your business first and it will ultimately repay you more profoundly than a mere paycheck could!
2. Donâ€™t be the 99%
Donâ€™t listen to those who say you canâ€™t do it. Remember just because there is an â€śI am the 99 percentâ€ť movement, that doesn’t mean you have to listen to them. If you want to be a successful business owner you must think like the 1 percent. You must want to make the money, and to make it in your industry. You must want to sell your goods and services for a profit. Just donâ€™t forget those who helped you get where you are. Those are the most important people you have, donâ€™t forget to respect them.
3. Just do it
As a small business owner, you donâ€™t have the luxury of having a human resource department, or an assistant, or a staff to keep everything on track for you. Often, you are the one required to do it all and to do it by yourself. You may get help every now and then but is you who works hard and you who are the sole being who makes both the mistakes and the accomplishments for the company. Be like Nike -remember there are not road maps to get you there. The best way to do it is by doing the work.
4. Make mistakes
Mistakes are learning experiences. If you are going to fail, fail fast, and fail cheap. It is inevitable that you should fail — donâ€™t think you wonâ€™t. It would be arrogant to assume you are immune to it. Itâ€™s just a normal and natural part of the learning process. Think about the recent news; Instagramâ€™s first product failed and now Facebook is buying their app for $1 billion. In their case, though it looked bad at the time and it probably didn’t feel that great, the end result was that they went back and created a better product that ended up selling for $1 billion dollars.
5. Be naive
Why should you be naive if you are running a business? Well, think about the seasoned veterans out there in Corporate America doing things the way they always have. Itâ€™s simple â€“ all of the things that you disliked about them while you were working along side them encouraged you leave it all behind to sit in the seat you occupy right now, starting your own business, where ethics, integrity, and good ideas mean something. So go ahead and be naive and do things in a simple way, in an â€śI trust youâ€ť way, in an â€śI am here to help youâ€ť way. Instead of hoarding your ideas, go ahead and collaborate with others. Forget about the â€śme, myself, and Iâ€ť mentality, think about how you can work together with others to create something bigger and better and you will go places you never dreamed possible.
6. Have a good team
You need the brainpower to get where you want to go, thus you must create a good team which means you must respect them, give them tools, prepare them, and mentor them. Your team will do for you as much as you are willing to do for them. Think about it next time you think about hierarchy.
7. Comfort zone
If you are the â€śKing- Queenâ€ť of I-know-it-all, you are in the wrong place! Remember if youâ€™re in your comfort zone, you are simply not moving. You have to challenge yourself, your ideas, where you are and where you want to go. It does not matter if you challenge your team or if you challenge othersâ€¦ you must challenge yourself. Ultimately, it is your business and your challenge! For example, I always used to be so embarrassed to speak in public, as I have a strong accent. I worried that people would make fun of me or might not even understand what I had to say. But I accepted that challenge by standing there and talking. I made sure I pushed myself every single day to exist outside of my comfort zone. Every entrepreneur has something that they would like to improve about themselves. The key is to accept it, and push yourself to do it until it gets easier. It may never be comfortable, but it will get easier.
Comfort Kills Ambitious – Robert Kiyosaki
8. Your Image
What you do matters. You are your company so take care of your image. How people see you is what they will see about your company. Donâ€™t try too hard to be what you are not. Always be who you are and you will succeed because your image will be reflected through your business. If you lieâ€¦ then your image will reflect that. If you are a positive, empowering person, your business will thrive because the people with whom you interact will see that empowerment embodied in you and all that you endeavor to do.
9. You are a leader
Remember what you used to like or not like about your boss. Remember the things you used to complain about? Donâ€™t do them! It sounds simple, right? Wrong! Itâ€™s always easier to talk the talk â€“ it is far harder to walk the walk. So I recommend that you create a company culture that reflects one where you personally would want to work. It will follow, then, your team and your employees will want to work there too. Money is important but most employees would prefer to work for a company and for a boss they believe in and whose ethics reflect the organization.
You may also like...
Sorry - Comments are closed