As an entrepreneur you would be following a set of self imposed rules and principles which you think are crucial for the growth and success of your business. At times you may find that achieving financial success is a long and slow process and often painful. And yet there are others for whom everything falls into place smoothly, so perfectly as if by magic. No, It ‘s not magic but the sign of a business entrepreneur who understands clearly what he or she is doing and is ready to learn, adapt and grow with the enterprise.
Here are tips that will help you on your journey to entrepreneurial growth and success. Follow these lessons and find your fortunes changing
Don’t assume that customer is always right
We’ve been taught, right from day one that “the customer is king” and ‘always right’. We prefer to differ. You need not bend backwards to please the customer. Give the customers the benefit of doubt, but not at the cost of your credibility or the dignity of your employees. If you allow the customer to ride rough shod over you, its a serious disservice to your business.
Believe it or not- Your Time Really is Money
As a independent business entrepreneur everything in your business is within your control, your money, your customers your ideas, but the only thing you cannot stop from moving forward is Time. You have only a finite amount of it. So you need to make the most of it. Equate the amount of work hours and the tasks you do with money. Then ask yourself if there is someone who will accomplish these tasks competently for less money. Appoint them to do it and leave yourself free to focus on tasks of higher level that generate greater revenue.
Hire Talented People
Let’s face it. Just because you are the boss you need not necessarily be the best. There are people who are smarter than you. These talented people can do a lot of good for your business so don’t hesitate to hire them. If you are lucky to find them don’t lose them. They will take your business to level next. Focus on what you do best and also give you star employees the freedom to do what they are very good at.
Marketing is Must So don’t scrimp
Some business planning and marketing efforts whether moderate or big is needed to get people to notice you and your business. But desist from cheap marketing. It will place your brand in the ‘cheap ‘ bracket. Spend a moderate amount on good marketing and the rewards will be more than worth the effort. Your reputation as a business entrepreneur remains upbeat and clients will be drawn by the quality you showcase.
Outsource when you need it
Don’t think that you have to do everything in-house. There are a lot of outsourcing companies that give you high quality work at very reasonable prices. Why have a burdensome and large set up when you can get the work done equally well by outsourcing. So break large tasks into manageable bits and outsource. It saves time , money and your precious energy which you can focus on more profitably.