So you want to own your own business? There are some things that you need to remember that will help you on your journey to success. Below are 8 things you need to consider when you have or want to have your own business.
1. Have a clear vision with tangible goals.
Knowing where you are going is one of the most important things a boss needs to know. The boss is the captain of the ship, the person at the steering wheel. It’s great to push and move forward but without direction you will simple be turning in circles or spinning your wheels. Your vision is your destination and your goals are markers on a map. Sometimes you may get lost or loose your way but it is easier to recalculate your route than it is to start from scratch.
2. Don’t let someone control 90% of something that they only contribute 10.
This is one of the most important things for a boss to remember. Don’t let someone control something that they are not contributing to. Everyone has an opinion; just make sure the opinions that you listen to are the ones that matter. The people putting in the work should be the ones making the decisions. Don’t get off track listening to someone who isn’t putting in the other 40 with you.
3. Think of your clients as partners.
In marketing they teach you that the best form of advertising is word of mouth. The client that you are working with now, could be the one bringing you the clients in the future. It is better to build lifelong relationships than to simply fulfill orders. Clients you do a couple of jobs for, partners you continually work with.
4. Choose the people you share your vision with carefully.
Everyone is not going to understand your vision. Sometimes people will knock your vision because it’s too big for them to understand or because they can’t do it themselves. It’s important to keep people around you that have the same goals and ambitions as you. In my experience people with high ambition tend to encourage, while those with low ambition tend to discourage.
5. Look at the big picture instead of focusing on the short-term.
Sometimes you have to fail before you can succeed. If you are too focused on those short-term battles, you may get discouraged and give up right before your breakthrough. You have to break some eggs before you can enjoy an omelet. Most businesses are not profitable the first few years but every one that makes it past that time begins to experience success.
6. Your short-term goals should support your vision.
Every goal in the short-term should be moving you closer to your vision. Think of short-term goals as rungs on a ladder. Every goal you accomplish should move you closer to fulfilling your vision. It is easier to see 3 steps ahead of you then it is to see 12.
7. Commit to your vision.
You have to master one thing before you move on to the next. If you are not committed to your vision you may want to switch back and forth between multiple things. Make sure the vision that you have is defined and that you consistently work towards that vision. Focusing on too many things will leave you too spread out and you will be lucky to accomplish anything.
8. Define what success is for you.
If you don’t define what it is for you to be successful then how will you ever know when you become successful? Success is not always about money. Sometimes success can be about accomplishing something or achieving a goal. Whatever it is, make sure you clearly define it.