Being your own boss certainly has its fair share of perks, but that doesn’t mean success will be handed to you. If you want to be highly successful, your focus should be on the following list:
1) One of the most important habits in business is to be GOAL-ORIENTED. As a business owner, you must set smart goals and hit them. If you have employees at some point, you will find that the best workers are those who go out and hit their goals without needing to be micro-managed.
2) Entrepreneurship is all about SELF-IMPROVEMENT. You must accept the fact that you will make mistakes and fail in certain areas, which isn’t necessarily a bad thing, as long as you learn from those mistakes.
3) It is vitally important to be KNOWLEDGEABLE and EXUDE CONFIDENCE in every aspect of your business. If you are not confident in your business, then your audience (customers) won’t be either. Investors, employees, customers, etc. will be slow to get on board with you if you don’t display a certain poise and tenacity. You should take pride in your business and become an authority in your niche.
4) You must BUILD RAPPORT with as many people as possible. Building strong relationships with people can extend the reach of your business and be to your benefit in the future. Word-of-Mouth is one of the strongest ways of getting business. This builds trust and leads to easier sales.
5) You must have a NO-QUIT ATTITUDE. Running a business is not always easy and requires a lot of hard work and dedication. You must understand that there will be times when you’ll want to quit, but you’ll have to work through those rough patches. Keep focused on your goals, both financial & non-financial.
6) If you have employees, DELEGATION is invaluable. A lot of owners/managers think they have to do all the work themselves, when in reality, their workers should be doing some of those tasks for them. This will help remove some stress from yourself and allow you to focus more closely on improving your business.
7) Demonstrate MENTAL TOUGHNESS. It is inevitable that you will have to deal with tough customers (or potential customers), who may not necessarily be happy with your product/service. Every company out there has naysayers. Keep in mind that there are ways to avoid these issues before they present themselves or remedy them immediately after. Be as proactive as possible when it comes to customer service.
8) Be a VISIONARY and plan for the future. As a business owner, you must constantly make decisions on where you want to be in the future and ask yourself questions about expanding/downsizing, relocating, changing operating systems, etc.
9) Set aside time for FUN every once in awhile. If you are constantly working and thinking about your business without any type of social life, you will eventually burn yourself out. Budget some time for fun in the same way you budget time for relationships, schoolwork, chores, jobs, etc.
What qualities do you think are most important in business owners? Please leave your comments & questions below.
Written by Matthew Thomas