Success Tips for the Entrepreneur
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Summary: 5 Success Tips for Today's Entrepreneur
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Success Tips for the Entrepreneur
Entrepreneurs are a rare breed. They embody the American Dream.
Prior to the Industrial Revolution, the majority of people in
this country owned and operated their own business. And while
today, its easier to find employees than business owners,
entrepreneurs are still the backbone of this country. According
to the Small Business Administration (SBA) in the year 2000 over
600,000 new business were started.
Below are 5 Success Tips to help you succeed as an entrepreneur.
1. Take care of yourself. Entrepreneurs are notorious
workaholics easily working 60 to 80 (or even 100) hours every
week. Investing time in your self-care will help you think more
clearly, have more energy, and head-off stress before it gets
out of hand. Some items to add to your to do list are regular
doctors appointments, daily exercise, scheduled vacations (at
least 2 - 4 weeks every year), and periodic days off. A coach is
an excellent resource to help you prioritize what needs to get
done while also making time for yourself.
2. Concentrate your energy on 2 - 3 main ideas. Entrepreneurs
are known for their many great ideas. Sometimes this asset can
quickly turn into a negative if your attention and efforts are
spread too thin. Create a system to capture your ideas such as a
tracking spreadsheet or index card file. Next, identify the top
2 or 3 ideas that will yield the highest return. Focus on those
and only those. The other ideas are safely tucked away for you
to return to later.
3. Be humble. One pitfall that many entrepreneurs fall into is
over-promising and under-delivering. Be humble and understate
what you can accomplish; this will help alleviate some of the
pressure you may be under. Getting into the habit of
under-promising and over-delivering will definitely impress your
customers with your level of service.
4. Respond, don't react. Always be forward thinking so that you
are able to plan ahead and anticipate situations. This will give
you the luxury of being able to respond and make intelligent
decisions, versus being forced to react, putting out one fire
after another.
5. Treat people like people. Your customers are not
commodities; they are people. Your employees are not resources;
they are people. Always treat people with respect and
consideration regardless of the situation. Its the relationships
that your form with people (customers, employees, vendors,
business associates, etc), that can make or break your business.