There is no magic formula for having success in your small business.
It’s a combination of hard work, determination, strategy and luck.
Some of these business tips will work for you, and some won’t.
This article (like all learning out there) is best taken as a smorges board: Take what you want, leave what you don’t.
I have my own best tips for small business success that I’ll share in this post, in other blogs and in my book.
- Fire fast and hire slow
- There will always be someone who will do it cheaper
If you’re a business owner or freelancer then you most likely don’t get paid by the hour to “be there”
You get paid for results, you get paid for output, and you’d (probably) rather get paid more than less.
You want to make the most with what you have and so you need to do two things:
- You need to manage your personal energy
- Make prioritizing tasks your friend
This is harder in practice than it seems, but that’s why it’s call practice: You need to practice prioritizing so that you get better at it and it gets easier over time.
As an (start up) entrepreneur no two days are the same.
No two days are alike
Except the first and fifteenth, pretty much- Jay Z
I suppose that’s what appeals to entrepreneurs.
I’ve been running small businesses since I was 12, and with varied levels of success.
The question then is: What is success?
As the end of each year I go through a planning process for my strategic consulting company, and this year I’m reviewing my mission statement to make sure I’m on the right path for where I want to go.