7 Tips for Starting a Successful Small Business
Getting a small business off the ground is challenging to say the least. Here are some tips that will help set a strong foundation for running a successful small business.
1. Have Goals
This is where it all starts – goals are the foundation of success. Knowing exactly where you are heading is critical. What will your business ‘look’ like in the future? How will you know when it is a ‘success’? Develop a solid business plan that establishes your goals and maps out the action steps you’ll need to follow to run a profitable business.
2. Take Action
The difference between success and failure comes down to the actions you take. All the thinking and planning and talking and visioning and goal setting in the world will get you nowhere unless you follow up with movement. Successful small business owners take ACTION.
3. Ask for Feedback
“Feedback is the breakfast of business champions”. Talk to your customers, your family, friends and fellow entrepreneurs (both within your industry and outside of it). Getting a fresh perspective on everything from the name of your company to your website copy and your offerings is critical to business success. You don’t have to like or take all of the feedback you get, but talk to enough people and you will hear some great ideas you can use to make your business better. A small business coach is also an excellent place look for feedback and advice.
4. Find Out What You Don’t Know
You can’t expect to know everything about running a business. Know where the gaps in your talents and expertise are and take action to fill those gaps. This does not mean you have to go back to school to learn everything there is to know about business. Enhance your knowledge in the areas that interest you and outsource the rest.
5. Stay Focused
It’s easy to get distracted when you are your own boss, particularly when things aren’t going the way you had hoped, or particularly when things are going the way you had hoped (off to the beach!). It’s important to stay focused through the good times and the bad.When you lose sight of the dream or vision you have for your business, get back in touch as soon as possible, and don’t be afraid to change what success looks like for you and your business.
6. Take Risks
Successful business owners are prepared to jump off the cliff a few times. Good business risks are strategic, well planned and yet push you out of your comfort zone. Not sure if your next move is too risky, or not risky enough? This is another area a small business coach / mentor can help you make the right decision.
7. Think Positive
Perhaps the oldest cliché in the book, but totally true. See the positive in everything. If something has not gone well, train yourself to ask, “What good has come out of this?” Understand that in every problem there is the potential for a silver lining. Learning from your mistakes and resolving issues will ultimately make your business more successful.
Pamela Finnesand, The Business Maximizer supports small business owners in many different ways. Schedule your complimentary Business Breakthrough Strategy Session today to learn more about how we can help.
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