Five Key Tips for Starting a Successful Business

March 4, 2013 by  

1. Listen more than you talk
We have two ears and one mouth, which indicates quite obviously that we need to listen twice as much as we speak. Good leaders have to be great listeners. Brilliant ideas can arise from the most unlikely places, so you need to keep your ears open so you do not miss one when it comes along. Be out there, listen to your people, draw them out, encourage input, and be willing to learn from others.
2. Keep it simple
In order to stand out from the crowd we have to do something completely different from our competitors. Nobody ever said different had to be complicated. There are lots of simple business solutions available just waiting to be discovered and implemented in the business world. Focus on innovation, but don’t try to reinvent the wheel. A simple change for the better is far more effective than several complicated changes for the worse.
3. Take pride in your work
Pride in our work and our company comes when employees have been empowered, supported, encouraged and challenged. Remember your staff is your most valuable asset and your strongest advocates, so invest in them so that they will develop their own purpose to the benefit of the company and its success.
4. Have fun, success will follow
My credo is: when I quit having fun, I am done! If we aren’t having fun, we are not doing it right. Life is just too short not to be doing something we love! If you feel like getting up in the morning and going to work is a big chore, then it’s time for a change. When we are having a good time, there is a higher happiness factor which creates a positive, innovative atmosphere in which your business will flourish. A smile and a joke can go a long way, so make use of your sense of humour, you will enjoy your life much more!
5. Rip it up and start again
If you are an entrepreneur and your first venture wasn’t successful, welcome to the club! Most successful businesspersons have experienced a few failures along the way, we are human we make mistakes;  the important thing is to learn from those errors and not to repeat them. Don’t allow yourself to get discouraged by a setback or two, rather dust yourself off, determine what went wrong, and try a new approach. Celebrate the positives, analyze where to improve, then rip it up and start over.

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