Being a successful entrepreneur relies enormously on how you conduct yourself. The best idea in the world is useless to anyone who’s not got the mindset and work ethic to see it to fruition. So, what makes a world class business owner? Which of these could you adopt to drive your business forward?
Perfection is one of the biggest barriers to success. It’s easy to think that people’s success is because their product is the best in the world – but the reality is that it’s probably not, it’s just that they’re doing it and that perfect product is still being formulated on someone’s design bench.
Get out and do it, start before you’re ready. The detail will come together – and you might find your product or service takes different direction that you first imagined. It’s better to have your product shaped by demand after 3 months of development, than be stuck with a product you thought was incredible but turns out to still miss the mark after 3 years of ‘perfecting’.
The chances are, if you’ve found yourself creating a new business – thoughts and plans are running wild through your head. If you consider yourself the owner of a ‘busy brain’ then creating a journaling habit can be the difference between seeing your racing thoughts as a curse – or a wonderful gift.
The key here is to not be overly selective with what you’re writing – you’re not creating a best seller, you’re just giving your thoughts some space to breath. You might never look back over your journals, and that’s fine – research shows that just the act of committing thoughts to paper improves memory, reduces stress and helps correctly order priorities.
The same research suggests your journaling is even more productive if you do it by hand – so push the keyboard aside. Experts say that even 5 minutes a day is enough to make a big difference.
If you’re heading up a team you might feel like you have to work yourself into the ground to make sure you’re setting a good example and maximising what the business is doing. Brian Tracy, one of the world’s leading business coaches, says otherwise:
“Only by maintaining one’s own excellence can that excellence spread to others”
Think about being on a plane, every safety demonstration says the same thing – fit your own oxygen mask before attempting to help others. Self-care can be a big ask for some people though, stopping and asking yourself if you’re okay is rarely in the nature of those who want to drive a business forward – but it needs to be if you’re going to give your best over a prolonged period of time.
If you’re adopting the habit of journaling, consider how you feel before you begin writing, be honest – and if something comes up for you that might mean you’re not able to give 100%, then look at dealing with that – it might be time for a holiday, a day off, booking a massage – or whatever ‘looking after yourself’ means to you.
Gary Veynerchuk, a key investor and advisor to giant companies like Facebook, Uber, PepsiCo, Snapchat and many others, extols the virtues of surrounding yourself with the right kind of people. In fact, he cites being around the wrong people as one of the most prevalent reasons that entrepreneurs crash and burn.
Are you feeling downtrodden and unable to lift you head out of the mire? Try moving in different circles and see if the energy of the people you surround yourself with helps with buoyancy.
It’s not just peers that can elevate your business, having the right partners is also important. SAS, a highly regarded UK managed IT provider say one of their goals is ‘helping IT teams become heroes’ – and they do so by providing valuable articles like this one – offering comprehensive tips on how to reduce costs across your network, increasing efficiency, business expansion – and much more. When you find people to outsource to that have your success at the heart of what they do, you can’t help but be elevated.
This is another doubly beneficial habit to develop. Asking questions of what you hear means you’re far less likely to wander into an action that results in a “Oh man, I didn’t see that coming” conclusion. What you’re looking to develop here is some important critical thinking skill. If someone tells you a plan will work, ask them why.
The key here is to boil everything you do down to bare facts. When you’ve got a good handle on what’s happening you can decide if the course of action moves you toward or away from your key business goals. You’re never going to mitigate risk entirely, even if you’re privy to the absolute truth of a matter – but you are going to be in a far better position taking any action with your eyes totally open.
This habit is doubly beneficial because of its application outside of business decisions. If you’re constantly asking questions of the people you meet you glean a far greater understanding of why others operate in the way that they do – and if you believe that the key to brilliant business relationships is by offering value, your questions help identify the value others seek, potentially leading to opportunities.
There aren’t many ‘top tips’ for entrepreneurs that will revolutionise your mindset or business in isolation, the key is really to make lots of tiny little changes that add up to more significant successful behaviour patterns.
This is good news, because big changes are difficult to maintain. Rather than trying to change your life and attitude overnight, try to introduce these things one at a time. Perhaps make Monday an action day where you drive things forward regardless of your desire for perfection. Make Tuesday your journaling day – and so forth.
You’ll start to see what makes a difference – and when you do, you can take steps toward turbo-charging that new habit.
CEO and Founder at Mighty Shouts.
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