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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.
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