5 Thoughts on Being a Successful Entrepreneur
Becoming a successful business leader and definitely an entrepreneur is no easy task, and without the right people on your side, continuous planning, and constant communication, your small business has little chance to thrive.
1. Make the decision. Starting from the very first day you will be faced with decisions, sometimes they are straightforward, and other times they are difficult. No matter the industry a quick decision is critical to success. The one nugget you can take away from this is that you need to make the decision quickly and then move on. Try not to second guess yourself, time will tell whether it was the best decision or not - simply move fast, be decisive and learn from mistakes along the way.
2. Never forget communication. Call, email, text, go online, face to face meetings - it doesn’t matter, but as your team grows you must do whatever you have to do to make sure everyone is on the same page. Without consistent communication it is just a matter of time for problems to pop up all over the place. More importantly, don’t forget communications with your customers. While we have seen both ends of the spectrum from too much communication to barely a whisper, there is a happy medium in staying in front of your customers. Much business is received through referrals so ensure you listen more to your clients than talk at them.
3. Be positive. If employees see a constant positive side from their leader, it will rub off on them. Make sure you give employees the opportunity to follow in that path as this will increase their confidence. Leading by example is important, so being negative will only become a self-fulfilling business killing prophecy. We love the term common today about problems – ‘we see that as another opportunity’. It is definately work speak, but it truly is the best way to position business issues that need to be addressed.
4. Be resourceful. We recently read an article that stated over 47 million websites were added to the web world. Now, we don’t know what they are but we bet that you might be able to find an opportunity as in a way to build leads, or a way to communicate with others within your industry. The internet is the great equalizer and no one person has all the answers so listen to peers and others outside your industry using Social Media networks – and remember keys to success are many times found outside your domain.
5. Outsource non-core functions. We began developing our small business information site, dedicated to the PEO Industry, because of our desire to assist small business entrepreneurs in their success. PEOs helps the entrepreneur keep his eye on his business by handling small business HR tasks including outsourcing payroll. As your business requires more of your time, a smart decision would be to find the right PEO, to help you better focus on your strengths.
Becoming an entrepreneur can be complicated. However if you have a great idea that people are willing to pay for – there is no time like today to get started.
About the Author
Anthony Kelly is a frequent contributor to PEOcompare.com and has experience working for small businesses and PEO companies since 1997. He frequently writes about small business issues and Professional Employer Organizations.
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