Success in small business isn’t something that most people find easily achievable. It’s well known that eighty percent of small businesses fail within a few years of opening their doors. I think that number is higher with online businesses and in less time, too. How your business succeeds (or fails) is dependent upon the outcome of all sorts of different things. But it’s safe to say the biggest and most important factor is you and your mindset.
Instead of dreaming of immediate riches, think of all that you still have to learn. If you need help, try thinking about your business as a process made up of a series of stages.
You know that having a small business keeps you pulled in many different directions and it’s easy to put things off. Quit doing that sort of business and get used to taking care of things speedily and right away. You need to jump on the things that need tending to. The easiest way to do that is to use a first in, first out approach. It’s easy to see how useful this approach will be when you actually look at the ways in which you do business every day. You have emails, phone calls and many other things to respond to. You’re going to have to be patient and put forth a regular effort–these are daily habits that you are working to change here. Maybe you experience a high degree of risk in your operations, and if so then are you sure you’re minimizing your exposure? Are you aware of the nature you bring to the table in terms of degree of risk you habitually take? How much time you take when making your decisions will reveal much about you. Do what is right, and what’s right is analyzing the potential hazards, or risks, involved and being smart. As you know, failing to take the conservative decision making process will not always serve you well. We never know the best thing to do all the time, but you want to stack all the odds in your favor all the time.
It’s totally true that being an employee is a lot easier than being a business owner. It’s critical to have knowledge of what your business expects of you otherwise you’re setting yourself up for a rude awakening. The early days of your business is when you’ll eat, sleep, and drink your business tasks. This is part and parcel of being your own boss, and you know there are benefits that will offset the sacrifices. As with all things, you can control your business destiny with the right attitude and hard work.
A small business that is working well and making you money is one of the best feelings in the world. It won’t matter about all the sacrifices and suffering you may have experienced. All your positive habits will become so ingrained in you that others will kill to have what you have.