When you have a good partner you can cope with everything that life dishes up.
Change is inevitable and now a daily part of life
Resist all you want, very little stays the same and I believe it will be the entrepreneurs and those with strong entrepreneurial skills and characteristics who will drive the future. Knowing about entrepreneurship can be a game changer for you and your business, non-profit organisations and your community.
The rules of success will keep changing and your business will either have to adapt or be left behind as the world around moves on. I wouldn’t have it any other way because of the array of opportunities and possibilities, that change presents.
If you are determined and persistent, a business can give you an adrenaline rush and excitement that measures up side by side with fast cars and other extreme sports.
So where to from here
Consider going back to basics. Find the conduit or enterprise that can give you control of your destiny and will set you up mentally and physically for life. The key is to apply entrepreneurial skills, be patient, clarify your aspirations and plan your moves strategically and with intent and commitment.
There is so much you as an entrepreneur can accomplish if you put your mind to a few tried and proven basics:
Apply the 80/20 Rule. The 80/20 Rule, also known as the Pareto Principle, is the law of the vital few and states that, for many activities we undertake, roughly 80% of the outcomes come from 20% of the actions we take. Start today and prioritise those vital tasks that will propel you towards the outcomes and future you want.
Understand the numbers. With the increasing complexity and costs associated with running any organisation, it is important to understand the key numbers, they are more critical than ever. Today, you have to survive on slimmer margins, the fat that was there to buffer any mistakes you made, has been taken out with the increased competition.
Use a to-do list. The old fashioned to-do list is still a key to improving productivity. Perhaps you need to give the way you use it an overhaul.
Become a leader, not a follower. Change is inevitable and with it comes disappointment for many but also a new opportunity for those who are ready to embrace them. Gain insight and have the foresight to recognise what is happening around you. Rather than what you have always done, take a leap of faith and turn your luck around, because entrepreneurs don’t blindly follow what everyone else is doing, they create the path for others to follow.
Welcome technology. Love it or loathe it, technology is here to stay. Cloud computing, the Internet of Things, (IoT), Big Data, smartphones, websites and social media have all become invaluable tools in today’s modern world.
“Happiness is not something you postpone for the future; it is something you design for the present”. Jim Rohn
Look after your customers. Without customers, you have no business, so make sure you provide them with the very best service and the best customer experience each and every time they deal with you. Run a business that creates positive and loyal customers who will help spread a positive consequence for everyone. Always have a value proposition that satisfies the wants and removes the worries for all who cross your path.
Think differently. About your organisation, so that you never waste time in fruitless conversations again and instinctively zero in on the actions that make you a hero to your target audience and of course make you money.
Planning keeps you focused. Planning is about bringing the future you want into the present so that you can do something about it today. No dream is too big, no challenge is too great and nothing we want for our future is beyond our reach if we plan well.
Know the problem as well as the symptoms. All too often people think the symptom is the problem. For instance, if you have a cash flow problem it is a symptom of something that needs fixing.
Apply entrepreneurial characteristics. None of these recommendations is hard to implement or requires unattainable resources or knowledge. Always strive to be the best, expect the best from the people you work with, and don’t settle for second-rate outcomes.
Become action orientated. Nothing much happens without positive actions. Even small actions add up. Procrastination is something to avoid like the plague.
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How do you go about addressing your wants and worries and making yourself more assertive as an entrepreneur?
When you’re an entrepreneur even if you’re smart, together, and tough minded, standing up for yourself can sometimes become pretty difficult.
Entrepreneurs are supposed to solve problems and smooth things over while being nice to everybody, which is an expectation you don’t want to have to live up to.
If I had to choose only three ways to address my wants and worries and get results, I would apply:
- Planning to keep me focused.
- Apply the 80/20 rule to keep me focused and productive.
- I would always want to know the key numbers before making a decision.