Want A Successful Small Business? Work On Yourself First

So, you dream of being a successful entrepreneur with your own business that you love. Life no longer feels like a chore, you love your work (if you can even call it that), and you’re raking in enough money to live a very comfortable life and take care of your future. That sounds fantastic, but before you start working on the plans to your business and figuring out how you’re going to make it successful, it’s a good idea to start working on yourself.

You’re the boss, and your attitude and ideas on various things will play a huge part in just how successful your business is. If you want a successful small business, it’s only partly down to your ideas, and largely down to the skills you have, how determined you are, and how prepared you are to keep the momentum up no matter what.

So, if you want a successful small business, it’s a smart idea to work on yourself first. Below we’ll give you some tips and pointers so you can begin working on yourself and get ready for what entrepreneurship will entail.

 

Work On Your Attitude Towards Money And How You Treat It

First of all, it’s a good idea to work on your attitude towards money and how you treat money. You might start a wildly successful business, but if you don’t work on the way you feel about money, you might lose it all or struggle to manage it. By getting your mindset right, you’ll be able to get the money you want and keep it. Once you’re happy with your relationship with money, you can build an emergency fund and start figuring out your numbers for your business.

How do you work on this, though? The key is to being mindful and paying more attention to the limiting beliefs that could be holding you back. What thoughts do you find yourself thinking about money regularly? Notice anything that comes up and write it down. You can then figure out where they came from in the first place, why they aren’t true, and things you can think instead. Using positive affirmations and visualization can help to change the way you feel, but you must be consistent with your efforts. There are many resources out there that can help you too, such as books like Think and Grow Rich and videos on YouTube.

Get Some Experience

Getting experience before you start your own business could help you to avoid silly mistakes and improve upon businesses that are already out there. You will get a feel for how to manage employees and vendors, gain experience in the industry, and hopefully learn a little about marketing, accounting, and more. Try to work in a similar company to what you would like to begin or see if you can shadow a business owner so you can learn a thing or two.

Expand Your Knowledge

The more you know the better, especially when you want to take a giant leap and start a business of your own. Take a look at courses, such as Aston Online University’s programmes to see what suits you and the type of thing you’d like to learn. Don’t wait until you feel like you know absolutely everything to get your business started, or you’ll be waiting a long time. You’ll never fully feel ready, so remember that. Just bear in mind that it’s important to know a thing or two about business and being a business owner before you get started.

Build Your Network

Who you know is extremely important – not always what you know. The more connections you have, the more people you have to turn to when you need advice or a recommendation. Build a solid network by going to events and conferences, connecting on LinkedIn, and finding other creative ways to connect with people. You must be willing to become a people person and work on your communication and listening skills. You never know what valuable advice and introductions you might get when you make the effort to build your network. Start today!

Know Yourself

Knowing yourself is so important. Being self aware will help you to no end when you want to become a business owner. It’s important to be aware of how you work, how you learn, and anything else that will allow you to get things done to a high standard.

Being aware of your strengths and weaknesses is key. The list below will give you something to look at when you’re gauging your strengths and weaknesses:

  • Management skills
  • Interpersonal skills
  • Industry expertise
  • Finance skills
  • Marketing skills
  • Technical knowledge

This will also give you a good idea of where you should outsource and automate in your business, as doing those things will help you to get work done faster and more effectively, and you can often stand to make more money. You’ll also know what to look for in potential employees, as you’re going to want people who will bring something new to the table. Below are some questions you should ask yourself. Write down the answers:

  • Why are you starting a business?
  • What are your goals?
  • What are your skills?
  • What income would you like to generate?
  • What are the pros and cons of owning your own business?
  • How long do you want to run a business?

Get Comfortable With Failure

You can’t expect everything you do to be a big win, but you can expect everything you do to be a great lesson. Get comfortable with failure and reframe it as a learning curve. Don’t give up. Many of the most successful entrepreneurs failed numerous times before they became a success.

Get Comfortable With Being Outside Of Your Comfort Zone  

You’re going to want to be able to live out of your comfort zone as an entrepreneur. This is where the magic happens. Start small and do something that scares you each day. If something excites and terrifies you in equal measure, it’s usually a good idea.

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Lynn Beattie

Aka Mrs MummyPenny

Personal Finance Expert

I write about personal finance made simple, lifestyle choices that will save you time and money, as well as products and services that offer great value.

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One Response

  1. Thank you very much, great article! It’s important to change yourself and try things differently. It is important to seek out new information for yourself, to try things you haven’t tried before. After reading articles like this, my principles change for the better every time. Check out Maven CEO profile, this person has become very successful in his field, which proves that you should always work on yourself.

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