Entrepreneurs are a rare breed. In an environment which gets more competitive all the time, it can be difficult to succeed. That’s why we, as a society, idolize the ones who make it, who are able to create a business that works, sustaining themselves as well as creating jobs for others in the process. Even though there are many different businesses which someone could start, there are a few behaviors that are beneficial to any aspiring entrepreneur. Although these habits may not be the first ones they teach in business school, they have proven to be effective strategies for would-be entrepreneurs to adopt.
Be Different, But Work Harder
In business school, one side of this equation tends to be emphasized over the other. In reality, the businesses that break out the soonest, with the most staying power, are those that manage to provide a new service/product, and work at it harder than the people offering more traditional services or products. It’s hard to know when you have a great idea worth taking a risk over, but plenty of businesses succeed, even with ideas that aren’t fully fleshed out. Working hard can be difficult for entrepreneurs who are still figuring things out. Without the structure of an established company, knowing exactly what to do can be challenging. That’s why many new companies fail within a few years. There are some great options for entrepreneurs, however. For example, working from a virtual office can help present a professional appearance to clients or business partners while coworking spaces offer the social encouragement and potential for collaboration that’s necessary for some entrepreneurs to be successful.
Finding ways to stay healthy, in both body and mind, are important for the aspiring entrepreneur. People don’t do their best work when they don’t feel well. The stress of starting a new business can lead anyone to feeling unwell. Though everybody takes a different approach to improving their health and wellness, it’s important to be mindful of your stress level and what you can do to relieve it. Whether it’s weight-lifting, meditation, learning, or any combination of these or other tactics, stay well and you will be able to work more effectively.
One of the hardest things to do is ask for help. If you are asking for someone’s honest perspective on the early performance of your company, you may be able to get outside help that reveals what is working and what isn’t. This requires that you open yourself up to criticism without becoming defensive or angry. It’s important to ask someone who has real insight to offer. Of course, it’s also important to remember that, while outside perspective can be valuable, you’re the master of your own destiny. It’s your responsibility to decide, as objectively as possible, what advice is beneficial and what advice is best to ignore. If you are able to set aside your ego and do this, you’ll be much more likely to expose blind spots which may be holding you back from long term success in your business.
There are many different ways to succeed in business. These are just some strategies, though they aren’t always the ones you’ll hear about at business school or in your favorite business book. Apply these, and you’ll be setting yourself on the course for long term success.