The world is changing quickly. As an entrepreneur, if you don’t keep up with the rest of the pack in your industry you’re sure to be left in the dust.
Don’t get caught out like the taxi industry when Uber leaped onto the scene. If you aren’t keeping up to date on the latest happenings in your industry, then it will be your fault if your business fails if you can’t adapt or switch focus when a potential disrupt occurs.
If you’re wondering what habits those successful start-up heads have that you don’t then read on…
1. They Always Have Their Finger on the Pulse
Learning about the latest news in your field can avoid disasters, inform you of new technologies to employ, and keep an eye on your competition.
- Find people and companies on LinkedIn in your field and follow their news.
- Set up Google Alerts with terms that are specific to your business.
- Read industry magazines and follow industry blogs.
- Create lists on Twitter to filter the important news specific to you.
2. Each One Is A People Person
The best way to have people believe in you is to be a people person. If you’re not already good at this then it’s high time you get to practicing. As the saying goes: fake it ‘til you make it.
- Smile! Try and make your facial expressions as warm and inviting as possible.
- Practice remembering people’s names and key facts about them e.g. “Hi Stu, how’s your wife going with that birthday party she was planning?”
- Be positive. Try to highlight positives of situations rather than negatives.
- Make people feel important. Always congratulate and take note of when people are speaking with an authoritative tone on a matter to compliment on it later.
3. They’re Engaged In Professional Conversation On Social Media
Even from behind the screen you can be a people person. Become active on platforms like LinkedIn, Twitter and Quora and engage in conversations with people about your ideas, expertise and puzzles. The bigger web presence you have online, the more likely you’ll be recognized in your field.
4. Because It’s A Connected World, They’re Continually Networking
Once you’ve met a person, either in person or online, don’t lose touch. Catch up with them regularly to touch base. Ask people interesting questions and request meetings to talk shop, or just see what they’re up to.
Don’t be afraid to expand your network further too. Ask people you know - clients, friends, ex-workmates – if they have any contacts that they think it would be useful to introduce you to.
5. Every One Of Them Knows How To Accept Rejection
That guy you really wanted to arrange to meet up with for a coffee send you a no? It’s time to get over it.
In your professional life as an entrepreneur, you are going to be told “No” an awful lot. Whether it’s from potential investors, clients, people you’re seeking to network with, or even your business partner, you must stop yourself from getting defensive when you receive a “no” answer.
Ask questions, re-evaluate, and if the situation calls for it, even ask them again while further informing them. However, sometimes you just need to sit back and accept it.
6. They Easily Avoid Distractions
We don’t all have the resources available to hire ourselves a personal assistant. When you’re trying to develop your business you’ll want to spend your cash wisely.
Not only that, but you’ll want to spend your time wisely. To avoid distractions throughout the day you don’t need to delegate the menial tasks to someone else to attend to – you can simply deal with them all at once at a time set by you.
Close your emails, only have alerts for urgent ones, turn your phone on to silent, and avoid the temptations to browse by using page blockers like the KeepMeOut browser extension.
7. Making Money Is Their Prime Focus
Even if you’re in your industry because you’re passionate about it, you need to realize that making money should be the main aim of your business venture. If it isn’t, you’re only fooling yourself – and there are others out there who will take advantage of you because of it.
Plan out how much you would like to make as a wage, and then how much you would really like to earn after that.
8. Their Professional Finances Are Always Being Tracked
There is no way that you are going to be able to gauge your successes (and failures) unless you keep track of where every cent of your business goes. That means all incomings and outgoings are to be categorized and tallied, by week, month, quarter and year.
If you can’t afford an accountant to take care of the finances for you then there are plenty of resources available to use such as Mint that help to manage your money.
9. Each And Every One Of Them Knows To Seek Help When Needed
Try not to be so proud… We can’t do everything by ourselves, even if we think we can.
To be a success, you need to realize when you are butting your head against a brick wall and ask for some help. If you are struggling to sort out your business finances, don’t stare at a worksheet for a week straight, get someone over to teach you how to understand it correctly.
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