SMALL BUSINESS NEWS

26 Jun 2017

 

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Highly Effective Tips for Business Successful for Startups

The choice to become an entrepreneur doesn’t come with step-by-step instructions. There are no guides that can predict everything that happens from one day to the next. At most, we can only plan for certain inevitable possibilities, but the unpredictable nature is what catches most people off-guard.
Everyone going into business is going to face adversity. It’s one of those inevitable possibilities that I was referring to. All we can do is follow some of the same steps that other entrepreneurs did to achieve success. Does that mean everything is guaranteed to go smoothly? No. But following these tips will help keep you on the right path.
Always Stay Focused on your Vision

Having a large vision will take you a long way in business. Your vision is what keeps you on the right path when things take a turn for the worst. It’s a beacon of light that will guide you back on the right path. However, so many new businesses quickly turn away from their vision when things get bad. That’s a huge mistake. Rather than turn away, you should embrace your vision even more. Assuming that it’s a quality vision, focusing on it will eventually lead to success. Then you simply expand on it to grow even further.
Surround Yourself with the Best

Did you know that you are the sum of the five people closest to you? That’s why so many successful entrepreneurs are friends with other successful people. Having a team and mentors who give great advice is also another important step. You should be building this system from day one. Also, keep in mind that you need to foster an environment that allows everyone involved in your system to participate. Building a successful business is a team effort.
Persevere Through Adversity

As I mentioned earlier, perseverance goes hand-in-hand with having a vision. You must strive to keep moving forward at all times. Sometimes you might only be able to take baby steps, but you have to push on. As challenging as your path might seem, you should still move forward toward your vision. The concept here is simple, although its execution might seem difficult at times – that concept is to develop the mindset always to move forward.
Develop a Plan, But Also be Flexible

The truth is that a plan is necessary when starting a business. That’s a given. But what many people don’t understand is that the best plans are flexible. Successful entrepreneurs are laser focused on their overall vision, but they create flexible plans. When setbacks occur (and they always do), a plan will need to be adjusted accordingly. Think of it as a road map when you’re going on a trip. What happens if you plan the entire trip ahead of time, but one of the roads is closed? Would you let that completely ruin your trip or would you find an alternate path? Hopefully, you’d choose the latter. Business plans are the same way. There are multiple paths to get to the same destination, so you might have to take a detour.
You Don’t Have to Reinvent the Wheel

Breakthroughs are usually based on an idea that has already been explored, but taken on from a unique angle. For example, Thomas Edison’s breakthrough invention was based on an already existing idea. The idea of an object casting light wasn’t exactly new, but his unique premise for using electricity to power a bulb was a different take on that idea. The same ideology is true for startup businesses. Your goal should be to utilize existing ideas but make your approach to them unique.
Utilize the Power of Leverage

You see the phrase “life hacks” blasted all over the online world. They can teach you an important, howbeit small lesson in just how powerful leverage can be. These life hacks are ways to leverage tasks in your everyday life. When discussing a startup business, the most powerful form of leverage at your disposal is outsourcing – a step skipped by so many people. We could refer to streamlining business tasks as “business hacks” because it follows the same pattern. Virtual assistants are used to leverage tasks like scheduling and emails. Writers are used to leveraging streamlined writing tasks. The idea is to leverage these tasks so that you free up time to grow your business.
 

By Catherine Park

 

 

 

 

 

 

 

 

 

 
 

 

  
 

     

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