Being a Successful Business Owner

Being A Successful Business Owner

The 8 Core Areas of business success focus on the fundamentals of your business.  The other critical determinant of your business success is you.

Why do two businesses in the same industry who have access to the same information end up in two different places?  It is what they do with the information that counts.  It is all about their attitude and their actions.

The fact is the more you grow as a business owner the more successful your business will be.

And it is our thinking about our self and our business that determines how quickly we grow and what we will do or won’t do to build a successful business.

Too often we can be our own worst enemy with some of the things we think or say to ourselves.  These can include things like:

Blaming others when things go wrong

When something doesn’t work out it can be easy to blame someone else.  But it’s not the government, your customer or your suppliers fault.

If something does go wrong with a customer, contract or staff member … own it.

The first place you need to look is in the mirror.

Take responsibility and make it right.

You will get things solved in half the time, rather than avoiding, denying, blaming or whatever other thing doesn’t involve owning it and fixing it.

Being closed off to new ideas and opportunities

This is the old ‘can’t teach an old dog new tricks’ and can really hold your business back.  The pace of business is so fast these days that you need to be able to be open and nimble to adaptable to changes in your market place.

Unfortunately, many small business owners get stuck in ‘I’ve always done it that way’ or ‘Everyone in my industry does it that way’… and this keeps your business in the same place

It comes back to the definition of insanity – doing the same thing and expecting a different result.

For things to change, you must be open to new ideas and new possibilities.

Thinking your business situation is different

This is another area where you start to close off before even having a go.  It is where you tell yourself that that it won’t work in your situation or you’ve tried it before.

Perhaps you tried it the wrong way.  Perhaps you didn’t try at all.

The reality is that at their core all businesses are the same.  Every business must deal with people. Every business needs to make sales.  Every business needs good cashflow.  Every business must make profit.  Every business should pay its owner to work there.

Your job is to get great at these core areas of your business.

Thinking no one can do it as good as me

If you think that no one can do it as good as you then who ends up doing it?  You!

This thinking keeps your business small because when you think this it is hard to delegate and hard to trust people…and running your business becomes hard.

The reality is there are better people to do some of the things in your business.  It is up to you to find them, hire them, train them and lead them so you can get more done in your business.

Fear

We all have fears, of different things: fear of failure, fear of rejection, fear of loss, fear of heights, fear of death.  Fear is actually a good thing as it is designed to protect us.  The problem comes when we are feeling fear when something is outside of our comfort zone… as this is often where growth comes from.

Successful people still feel fear, but they will still act.  At the end of the day being in business is about taking calculated risks.  Your job is to educate yourself so you can make an informed decision and move forward outside your comfort zone.

Left unchecked, all these types of thoughts can sabotage your success as a business owner.

To combat this you need to be always working on a success mindset so that when things get a bit tough you are able to come through stronger on the other side.

Check out the tips below on how you can become a successful business owner

 

 

  • How to Build a Strong Business Foundation

      Quite often when people go into business, no one teaches them the fundamentals.  This means they are learning on the fly.  Building a business is like building any building.  You need to put down a strong foundation otherwise it will lead to problems down the track. In fact, if…

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  • How to Stay Focused as a Business Owner

          Would you like to be more focused as business owner? Before answering this, the big question is why do we lose focus? One of the biggest reasons why we can lose focus is that we never had clarity in the first place. We never had something that…

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  • What To Do When You Get Stuck In Your Business

      Are you feeling stuck in a particular area of your business? When you get stuck in your business, you can get worried, you can get anxious, you can get frustrated and go, “how am I going to get out of this rut, how am I going to get out…

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  • What To Do When You Feel Alone in Business

      We speak to a lot of business owners and are often amazed at how often people in small business think they are all alone. And we understand that. Running your business can be a lonely place. Quite often as a small business owner you think ‘hey, the problems I…

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  • One Key Thing Successful Business Owners Do

      What separates an average business from a successful one? There are a number of things, but one that stands out is: successful business owners will work ‘ON’ their business.   See, most small business owners are really good at their profession or trade, so they spend far too much…

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  • Don’t Let Your Mind Take You Out

        Do you often worry about things that are about to happen in your business?  In some cases, you are your biggest enemy. Often things that happen in your mind can take you out because you’ve built up a story up about what’s about to happen rather than what…

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  • The Importance of Sowing Into Your Family

      In every small business, it is important that you get constant support from your family or your loved ones. The question is how do you make sure that you continuously get their support? It is ideal that when you are working hard in business, we get our family behind…

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  • The Importance of Business Routines

      Are you too involved in your own day-to-day operations ?   Do you ever find yourself neglecting the necessary things that require your attention to keep your business on the right track? To stay on top of things and to run your business successfully, it is crucial to take…

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  • The Importance of Having a Vision for Your Small Business

    Do you have a vision for your business? Some business owners either lose sight of their vision, or that it becomes clearer and stronger for them over time. So where are you taking your business? When we are so busy doing the ‘do’ in the business, we don’t often take…

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  • The True Purpose of a Small Business

        Do you remember why you started your business in the first place? Wasn’t it to get more time back?  Wasn’t it to make more money?  Wasn’t it so you could spend more time with your family ? So how is it working out for for you?  Are you…

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  • 3 Things That Could Stop You From Achieving Your Goals

      Did you achieve all the goals you set for yourself last year? How do you feel about the results you achieved in your business?   Would you rather put last year behind you and forget that it even happened? Having a successful small business needs to happen by design…

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  • How to Take More Time Off This Year

        Being a small business owner, you can often be very busy. There is always lots to do with a seemingly never-ending to-do list. There are customers to follow-up, quotes to get out, jobs to do things to follow-up… all the different things that you need to do to…

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P.S. Whenever you are ready here are 4 ways we can help you build and grow your business:

1) Download your copy of 3 Proven Tactics That Give You 5 Hours Back in Your Week

This totally free guide includes tips, time-savers, and expert advice on how to immediately claim back 5 hours of your time each week. Inside you’ll discover 3 proven tactics to stop time being wasted in your day so you get more done each week. To access the guide click here

2) Watch the Business Freedom Formula Video

In the video you’ll to discover the step by step blueprint we use to help small businesses create their version of business freedom. This could be simply streamlining your business so it runs more efficiently, increasing your profits so you have more choices or setting your business up so you can have time off without worrying that it is all going to fall apart. Click here now to watch

3) Book a 10 Minute Exploration Call

If you would like to explore how Biznostics can help you run and build your business, then book your 10 minute exploration call. On the call we’ll find out a little bit about your business and work out if and how we can help you.  Book your call here

4) Join our Business Freedom Program

The Business Freedom Program is designed for business owners who feel stuck in the day to day running of their business and their business is not running as efficiently as they like. It helps you make your business much more profitable, much more efficient and much more enjoyable to work at.  We are putting a new group together next month so if you would like to build a strong and successful business email us here with ‘Business Freedom’ in the subject line.