Many persons aspire towards achieving success, both in their personal and their professional life. Professionally, many persons have a 9-5 job, but times are changing, and lots of people are getting bitten by the entrepreneurial bug and are starting their own businesses. Entrepreneurship is not for the faint at heart, so if this is the path you’ve chosen, keep in mind that success may not happen overnight - it comes with constant dedication, hard work and faith. To keep you on the right track, here are some tips to help you along the way.
1. Follow your passion
The most successful entrepreneurs tend to be the ones who follow their passion. Passion is your drive, ambition and, most importantly, the love of what you do and who you serve. It provides you with a view of the world that others often don’t see. Following your passion means that you are better able to focus on achieving your goals.
2. Add Value
When starting a business, you should always be thinking about what is it that you’re offering and how will it add value for your customers or consumers. Simply put, value is anything that people are willing to pay for. The more value you can offer, the more customers you will attract and retain, and essentially the more it will have a positive effect on your bottom line.
3. Get Help
As a passionate entrepreneur, you may have the tendency to try and do everything yourself. Yes, you may want to get things done a certain way, but with only 24 hours in a day, there are some tasks best outsourced or delegated to others who excel at them. This gives you the room to focus on tasks that you're exceptional at while benefiting from a more fulfilling life.
4. Personally Know Your Finances
Many persons are afraid when they hear financial terms like “balance sheet”, “profit and loss”, “assets and liabilities”, etc. If that's you, don’t be. There are many resources available for you to learn and have a basic understanding. Google is your friend. :) Having this knowledge will help you to make better business decisions, identify how well your business is doing and where you may need to improve (hint: you can always improve).
5. Learn Sales
Sales is a critical component to the success of any business. In its truest sense, it is simply persuading someone of something. Without it, your business will not be sustainable. If sales is not one of your strong suits, it would be best to learn the skills for effective selling, and consider hiring people who are natural salespeople.
6. People Come First
Last, but certainly not least, people matter more than anything else in business. Always remember that even if you’re in a B2B industry, every customer is a person first and every organisation is made up of people. Your people skills will go a long way in helping you achieve success. Customers don’t only care about who has the cheaper or better product; they often buy more from the people they like and feel comfortable with, so you (and your employees) need to always be warm, friendly, and helpful. “You can catch more flies with honey than with vinegar”.
If you're in a rush, but you'd like to download and read this blog post later, download it as a PDF at the link below.