When preparing for your journey to begin or grow your business it is essential to evaluate your skill set. Lack of knowledge in some areas is not necessarily a disadvantage as we will continue learning and gain experience. It is important to know what your strengths are and what skills you lack to fill in the blanks. It is a skill with a process that can be learned. Being able to foresee future needs and manage the risk wisely will help in creating a successful business. Part of it has to do with stepping outside our comfort zone and taking calculated risks.
Successful entrepreneurs are highly focused individuals. They create a lifetime of goals and are constantly fine-tuning the next goal. What separates the successful entrepreneur from the less successful entrepreneur is the lack of self-discipline. Self-discipline is a skill that can be changed through dedicated practice. It will test your will power and persistence. A few key strategies in helping entrepreneurs achieve success include:
Businesses are looking for a competitive edge to stand out against the competition. What better way than to use tools that can do everything for you. Time is of the essence; being able to accomplish more tasks
in less time is what we all long for. The results are lower cost and bigger profits.
These tools can involve everything from tracking your workflow/hours, to billing, to offering customer support, and much more. According to Shopify’s blog the list of the most popular and useful tools in the market are:
As small business owners we want to learn the best practices to achieve results; to emulate good business practices and make smart business choices to properly establish/run our businesses. With our technologically advanced world, this information is readily available at the tips of our fingers. Knowing what we need to do to successfully run a business is what separates the small business owner with less experience and resources from the Fortune 500 CEO. To begin, if we can answer these questions easily then we are already ahead of the game:
Small businesses are defined as businesses with 500 employees or less. They may not generate as much money as large corporations, yet they are as important to the local economy, bringing new employment opportunities. Larger corporations may also outsource these small businesses who can provide a more specialized service or product.
What drives business owners to do what they do on a daily basis?
Business owners have a different mind-set than your typical day worker. What sets them apart is that they refuse to accept the status quo. They look at all the available options and are always looking for something better, if they cannot find it, they create it, it’s ultimately about finding the solutions.
With advances in technology, an increasing number of small businesses are moving away from a culture where employees commute to the workplace and allowing employees to work from home at least part of the time. For this to happen, companies are working at making internal changes. These include going paperless, which helps businesses to reduce clutter as well as save time and money. Additionally, becoming more environmentally friendly sends a great PR message to clients.
"The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man."—George Bernard Shaw
“If you think you can, you can, if you think you can’t, you can’t.” Believing that we will fail will unconsciously sabotage opportunities for success. We are our own greatest enemy and are responsible for our success and failures in business and life. It’s never too late for developing a blueprint to embrace a positive mind frame for our businesses/ourselves. Becoming positive involves working on our skills and internalizing what it is that we want. We are able to draw a clear picture of how we can grow/start our businesses.
Networking is the most important tool used by any small business looking to grow. It is the “linking” together of individuals/community who through trust and building relationships promote each other. Networking in today’s competitive market can open new doors of opportunity through new connections and can educate us as we absorb knowledge from more experienced entrepreneurs we meet. It is more important than ever to know the "dos and don’ts" of networking effectively and to properly put them into action.