All Articles Tagged "tips for entrepreneurs"
Feeling down about your career progress? Perhaps you need a renewed mindset. Who better to take advice from than Ernst & Young’s Entrepreneurial Winning Women. Inc.com reports that the women participants in this group have all already achieved $1 million in revenue and know that their potential will take them even higher. Independent research on the group proves that companies who participate in this group grow about 50 percent on average each year, and have a job growth rate of over 25 percent. Hear four of the participating women CEOs and company founders give their tips for making it big in the business world.
The first tip is all mental—it is imperative that you change your mindset. You’ve got to be confident and to think big and bold. Always, aim high and think big. You can do it!
Next, it’s important that you forget the word “job.” You aren’t doing a job, you’re running a business, so act like it.
“I don’t have a job. I’m not a recruiter or a sales person. I manage policy,” Gayle Brandel, CEO of Professionals for Nonprofits said to Inc.com. She discloses that before you realize that you don’t have a job, you simply have a job you own. You are not yet an entrepreneur. Starting a business so that you can be your own boss is great, but it is not the mindset of a high powered CEO.
“Those entrepreneurs who want to grow large have to step back, and they have to bring on employees,” she said.
Always continue to push beyond your comfort zone. If you stay satisfied with your current growth level, you’ll never know how high you could have gone. As Deborah Sweeney, the CEO of MyCorporation, a document filing service company said, “Engaged leaders who think big and are passionate about business growth are far more likely to see growth and success than those who are merely content.”
As with the previous tip, continue to aspire for higher and bigger dreams. That’s what Dareth Colburn, the founder of online wedding accessories store USABride did. At first, she never thought she’d make it to the $1 million mark. But she did, and she then changed her goal to $3 million and next to $5. When you realize you can achieve big goals, dream even bigger and you’ll find your success will be that much greater.
The last piece of advice the ladies offer is to leave the fear behind you. Without risk it’s not possible to have gain.
“Entrepreneurs who made it really big also lost really big,” Gloria Larkin, president of TargetGov, said to Inc.com. Her company assists in government agency sales. Larkin quotes Woody Allen to explain why risks and loss is necessary. “If you’re not failing every now and again, it’s a sign you’re not doing anything very innovative.”
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by Sakita Holley
The beauty of studying successful entrepreneurs is that you can learn what took them 30, 40 and sometimes 50 years to learn in a matter of hours. And no matter what industry you’re focused on, you can always find that common thread that links everyone together.
So even when you think business owners like Tiffani Bell, Daymond John, Jacqueline Nwobu and Damone Roberts are worlds apart in terms of experience in the game, you’ll find that they all share at least one or more of the following attributes.
1. Passionately curious
Most entrepreneurs have an insatiable appetite for information about their field and related industries because they are always searching for that tiny nuance or lingering question that could lead to their next big break.
2. Have a great team
No self-made man ever got that way on his own, which is why most successful people in business surround themselves with individuals that are often more intelligent and capable than they are. Oh, and then they delegate which is a huge reason why it seems like they are able to do it all.
3. The right to be wrong
They say that the fastest way to get to success is to experience your fair share of failures. Because if you’re not failing then that means you’re not taking any risks.
4. Laser-like vision and focus
The most revered business owners are known for sticking to their plan no matter what is happening around them. When the proverbial blinders are on, no industry change or economic volatility can deter them.
(Inc) — Recently I asked Sam Ifergan, a venture capitalist who invests in tech companies, fresh off his $75-million exit of Visualsonics, to detail what goes on inside his head when he is asked to invest in a business. You may not have any plans to raise money for your business but understanding how these consummate capitalists think can sharpen your entrepreneurial skills. Here are six thoughts he offered up.
(Inc) — 1. Treat the Customer Like Gold: “When you’re in business, there are two doors you can walk through,” says Bob Moore, of Bob’s Red Mill, a natural-foods chain based in Milwaukee, Oregon. “You can walk through the door where you treat the customer like your guest, operating by the rule that the customer is always right. Or you can be cutthroat. The first door is the door of kindness. That’s the one I decided to walk through.”