There’s no doubt that there has been a massive influx of entrepreneurship and business ownership, especially among young people. For these young people, the desire is not to get out of their daily 9 to 5 routine but also to change the world and make a difference. However, entrepreneurship and successfully running a business regardless of size is one of the most arduous tasks anyone can take on, especially considering how competitive the business space has become.
Even though the business industry has always been complex and unfavorable to the faint-hearted, thousands, if not millions, of successful businessmen and women have emerged throughout history. For the next foreseeable future, more people will follow the path of entrepreneurship.
In this list, we have gathered the opinions of established business owners and managers as they share a few practicable tips on how to successfully stay afloat as a business and what pitfalls to avoid as an entrepreneur.
- Elon Musk
Business success doesn’t come in handy, and as difficult as it is to reach the pinnacle of success, lifting off from the ground is even more challenging. However, if you must achieve success, you must first find your business endeavor interesting because only when something is important enough will you feel the need to get up and do it. Regardless if the odds are not in your favor. Most importantly, if you get up in the morning and realize that the future will be better, you have more reasons to get up.
Understanding why you do the things you do is another crucial realization to come to terms with. For instance, when you answer questions like, What Inspires you? Why do you want to live? And the most critical question, what do you love about the future? If the future does not include you being a star and a multi-planet specie, then there is no point in living.
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- Sarita Pittman
I highly recommend that all business owners conduct a business audit every 90 days. Whether it is reviewing client feedback, profits, pricing, marketing, missed opportunities, or holes in customer transaction processes; it’s good to be informed about what needs improving and fixed. Don’t simply stop at knowing the results of your audit.
Choose what you can tackle head on first and work to improve that one thing until it’s no longer a problem. This behavior maintains the momentum for growth and shows your clients you’re constantly improving. Companies that fail to address major flaws can see them stockpile which leads to overwhelm and wasted time. It’s always good to know there is always something that can improve.
Never forget, the market and customer demands are forever changing. Knowing how your company can remain relevant and in the flow of trends will keep you ahead of the curve and in the minds of your ideal customers.
- Fia Johansson
The difference between ordinary and extraordinary is that little extra. Nobody’s perfect. We all fall down. What matters most is how quickly we get back up, learn from our mistakes and move on. The fear of failure is a common motivation killer. People don’t try something new because they fear they will fail at it. Stop saying I wish” and start saying “I will.”
Accountability in the workplace is linked to an increase in commitment to work and morale. Ask for help, they laugh. Do it yourself, they hate. If you want to be successful, you will need to be your own cheerleader. You must push yourself because no one else is going to do it for you. Success is not won by those who were destined, it is for those who were determined.
- Austin Zelan
A purpose-driven business looks beyond the surface level that everyone sees. Business decisions must always be taken in view of the purpose of the business, otherwise they could eventually come to compromise it. Do things based on purpose, not on cost or convenience. Those things should not be the main driving factor of any business and are secondary in nature. Always remember that purpose must come first, and everything else will fall into alignment.
- Jason Pierce
Do what you love, love what you do. Utilize the OODA Loop: Observe – Orient – Decide – Act.
Set achievable micro-goals, feed the courage wolf, and starve the fear wolf. Practice daily routines to flow to the positive, and set time aside daily for positive winning visualization. Establish your “Ethos” (a written creed to live by). Ours is: We are constantly challenging the status quo in everything we do. Win in your mind. Flow & Joy. #PlayOn
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- Sima Azadegan
There is nothing more important in life than to believe in yourself and the mission you were destined to accomplish. No matter how dark the outside world is, you have to stay true to yourself with strength and confidence. My company, Sima Collezione, stands for all the positive forces of nature. It’s mission is to empower women by creating bold and vibrant dresses which bring out their inner beauty and light. Each purchase will help another woman in need through the brand’s charity. We all have a responsibility to carry out our dreams and make them one true.
- Shane Michael Sleeper
Addressing reality is key to acquiring the proper change. Reality can be ugly, uncomfortable, and risky. In addressing reality, you must come to terms with what your end pursuit is as well, and put the two in line for maximum impact, using what you are given along the way to do so.
All of these things will vary from person to person as we are all individuals given unique ability, gift, and circumstance, but the story as a WHOLE still gets told. Where end pursuits tend to make the greatest impact, greater than we could ever imagine, occurs when we are in line with the correct foundation.
It can not simply be beliefs and ideas that bring change, but action so that real change happens. If you focus on the necessary, the unnecessary will be taken care of. It won’t always be pretty. If you are bringing the change, you will find the same ones doing nothing are the same ones bitching about you doing something. Do it anyway.
- Keith Ross Nelson
My two tips I learned recently in Kung Fu. One is a saying on the wall of our Dojo. It says “Train only to Master Yourself.” Are you doing your best? You’re only in competition with yourself. Don’t worry about others.
Just do you. The second one I came up with was, you never know so always be respectful. Be nice; be respectful; be honorable.
- Jessica Lewis
To have a purpose-driven business, you not only must know your purpose as the leader but also find the need to solve a problem. To be purpose driven, you must be people focused and solutions oriented. One cannot go without the other. Otherwise the disconnect will lead to discontent and discourse. Combining purpose, solutions to problems, and people-focused efforts, your mission will be solid and you will never lose passion for your purpose.
- Preston K. Buhrmaster
Each and every day, give yourself a reason to get up in the morning. Set goals and exceed your wildest expectations. Block out the negative influences from your life and begin spending each day setting and reaching new goals. Put an exponential amount of energy into each task at hand, and you will be amazed by the tenfold of results that follow. You are the only one holding you back; go get it! Each and every day, give yourself a reason to get up in the morning. Set goals and exceed your wildest expectations.
Block out the negative influences from your life and begin spending each day setting and reaching new goals. Put an exponential amount of energy into each task at hand and you will be amazed by the tenfold of results that follow. You are the only one holding you back; go get it!
LinkedIn: Preston Buhrmaster