Starting a business is tough… we know first hand how hard it can be! Here are some top tips for business owners from some of the world’s most successful business leaders.
- Have a good website!
One of the most overlooked features of a business is it’s website. After all, your website is the shop window to the online world. Do your website well or don’t do it at all: the last thing your business needs is a bad first impression.
- Do what you love.
Without proper motivation in what you do, you will never do as well as someone who does. Profit hunting isn’t something that pays off, especially when your business is a full time commitment. Doing something you love motivates you to do more than you ever thought you could!
- Believe In yourself!
However cheesy this may sound, it’s true. If you set up a business thinking there is a small chance of success, you may as well quit there. Mindset is the key to success and if you believe that you will succeed, you will! Trust your own judgment to take risks, and they’re more likely to pay off.
- Have a vision of what you want to achieve.
It’s very easy to lose sight of your goals in business, whether it be personal goals or goals for your business. Make sure that you have a clear vision of what you want for the future, whether it’s number or brand values. This can be used whenever you lose way of what direction you’re taking the business and set you back on course. When setting goals remember S.M.A.R.T goals. Specific, Measurable, Attainable, Realistic and Time Based.
- Build a Team of character, not just ability.
When it gets to the stage of building a team to help you manage and perfect your business make sure you build the right team. Sure, you need the skills and assets that some people bring, but you also need to ensure that you actually like your partners. A team that gels together well will be more productive and motivated to do more for the business.
- Balance Energy and Time
Schedules will be tight when running a business, and it’s up to you to plan your time accordingly. Remember, time is not the only problem; energy and motivation also pose a threat. Don’t try to squeeze as much into your day-to-day cycle, as this will only end in disaster. The key to a good schedule is managing the energy you want to put into the timeframe available.
Success is never instant; just be patient and good things will come. Never lose sight of your long term goals and put in everything that you’ve got to make things work. In the end, it’s your business and you have the ability to do what you want with it: just don’t lose hope.
- Learn from mistakes!
Mistakes aren’t all bad; they give you a great foothold for the future. Take mistakes onboard and make sure that you improve on what has gone wrong in the past. Never put off fixing problems and never ignore the mistakes that you make. These are the best to learn from as you know what you have done and why.
- Take complaints on the chin!
The complaints you receive are valuable! They provide an amazing place to learn what the good and bad parts of your business are, as told from the customers. Although you may feel as if they are the worst things at first, take them on the chin and keep moving forward. Just think of it as a friendly suggestion by the customer.
- Know your customers
Get to know your customer and you can improve your business and better suit the customer’s needs. Meeting what they want more efficiently and in a way that will best please them means that they are more likely to recommend. The more you do for them, the more credible that you become as a business: go above and beyond for your customers. This is especially important at the start of your businesses life as it gains good reputation with the customers.
- Know your industry
Make sure you have an in-depth understanding of your industry. Why would a customer go to you for services if you’re not an expert who knows the ins and outs of what you do. This is especially important when it comes to customer queries, so do your homework.
- Spend wisely.
Make sure you spend wisely and think about the future spending you will do. Remember to plan for the future financially as this is something that often throws off young businesses.
- Just Do It
As the slogan of Nike says: ‘Just Do It’. This can be applied almost anywhere and certainly in business. In order to succeed you need to trust yourself and take risks in your business. Your gut can be one of the most useful tools that you have as a business, so don’t overlook it.
If you have any questions or inquiries please feel free to leave a comment on this blog.