Every entrepreneur starts off with great intentions. You research, form your plan, get all your ducks in a row and then you run into a snag. The bump in the road that slows you down…UGH!
What many startups don’t realize is that it takes more than technology, skills or experience to achieve success in business. You also need to have the proper business mindset. The more you know about what to expect the better prepared you are to handle these inevitable bumps.
So with that, here are 10 tips for fostering a healthy business mindset that will help you attain your goals and a sustainable business.
1. Your Offering to the World
Obviously your business exists in order to make a profit. That’s how a business keeps running. But rather than thinking about money, growth or success, frame it differently. Consider how your business is going to help people. What are you going to offer to the world? This is a better mindset because it allows you to put your customers first and meet their needs.
2. State Your Vision
Clearly identify exactly what it is you’d like to do with your business. Without a clear image or purpose, it’s impossible for you to attain your business goals.
Successful people spend a great deal of time thinking about purpose and vision. Create a vision for your business and write it down. Keep this vision handy when you need inspiration or direction.
3. Don’t Fear Rejection
There’s always a fair amount of selling, whether you’re making cold calls directly or simply putting your offer out there online. Selling is uncomfortable for people when you’re starting out because of the fear of rejection. If a customer rejects your offer, it feels like they’re rejecting you personally. Learn to recognize that it’s the offer or product and not you that is being rejected.
4. Turn Failures into Lessons
Successful people learn by making mistakes and failing. Through these failures they learn how to run their business and gain valuable experience. Learn to see your mistakes as important lessons and learn everything you can from them.
5. Think About Growth
People typically consider things fixed. They believe they have fixed abilities, fixed talents, fixed character traits, and so on. Instead of a fixed mindset, try to cultivate a growth mindset, where you consider future potentials rather than accepting things as they are.
6. Running a Business Is a Journey
Learn to love the journey and process, and not just the end result. Running a business is a journey. There’s no shortcut or easy way to realize your dreams. It’s an adventure full of daily surprises where you gradually see your goals coming to fruition.
7. Take Responsibility
When things go wrong, it’s easy and comforting to blame others. Others may actually be the ones to blame. But if you take responsibility for whatever happens in your business, this puts you in a position of power where you can direct and change things. Whenever something goes wrong, even if it wasn’t your fault, understand what you could’ve done differently and learn from it.
8. Value Your Time
Successful people are excellent time managers. Plan your working time in order to get the most out of it. Avoid activities that waste time or don’t use it effectively. Time management is a skill that takes time to learn, so try different techniques to see what works, and monitor results.
9. Stop Self-Sabotaging
Identify ways you may be sabotaging yourself so that you can get to the root of the problem. Things like procrastination and perfectionism are often manifestations of inner fears or other problems.
10. Learn to Love Change
OH, this is a hard one for me, however there’s only one constant when you run a business and that’s change. Some business owners fear change and perceive it as a threat to their business. Others embrace it with all of its new opportunities and potential gains. When change comes along, get excited about meeting it.
Something to Remember About Your Business Mindset…
All of the above tips involve creating new habits of thinking, which can take some time. But the effort you put in to creating this healthy business mindset will pay you back for years to come, GUARANTEED!
What is one area you need to work on? I’d love to hear your plan to make it a new habit.
Your success is my business!