Entrepreneurship is not for the faint-hearted. Becoming an entrepreneur, a successful CEO who has built their business from the ground up is filled with challenges, trials and tribulations and as such it shouldn’t be taken lightly.
For most people, being a #4 or #14 in an organization is a much more manageable, acceptable and stress-free arrangement, one they welcome and enjoy. With that in mind, ask yourself, are you capable in becoming a true successful entrepreneur? If the answer s yes, don’t waste another minute and get to it, go after you purpose, destiny and drive.
People must come first in all you do and here’s why.
If you invest time, attention, focus and financial resources into attracting, retaining and growing the best people you can afford you will be positioned adequately to improve and grow your business. It all starts with people first, then processes, policies, followed by technology and everything else in THAT order.
“We should invest in people not ideas. A good idea is often destroyed by bad people and good people can always make a bad idea better.” -Simon Sinek
Branding your business and yourself is a massively important strategy that will assist with your long-term viability and sustainability. Your reputation, your accomplishments precede you and people will be mindful of what you do before they reach out to you for an opportunity.
Great brands stay a lot longer while sales come and go. Strong brands will survive and endure a bad product/service or two, while those who are focused only on transactions are at a much greater risk to going out of business. Focus on building your brand.
Here are 5 interview questions to ask candidates and job applicants that I have found useful over the years:
- Tell me about yourself?
- What motivates you?
- Why this position, business and industry?
- Where do you see yourself in 3-5 years?
- What can I answer for you?
Additionally, I spoke about 5 interview questions to ask employer which is the other side of that same coin. Finally, I would love to learn what are some of the questions you like to ask or have been asked during interviews?
Pricing your product or service effectively is of great relevance with respect how well it will be received in the market. While it is not the only aspect of importance, it certainly impacts how your prospective clients will think about the value of your product or service.
In order to be competitively priced, you must learn all you can about the market, your industry, particular segment you are in (including your competitors). Then, price the product slightly above the average price point (assuming you provide greater quality and value, which you do). Additionally, you can target a luxury market/brand and therefore price higher, but at that point you really need to differentiate yourself from competition, mostly in exclusivity and client experience.
Finally, you can always low ball the market and go for pure volume, but be careful that you have the infrastructure in place to handle a potential influx of orders, because not being able to do so can seriously damage your brand and reputation. Also, competing on price alone is a race to the bottom and it is not sustainable long term.
85% of your financial success depends on your personality, the way you communicate, negotiate and lead. Only 15% depends on your technical skills. Knowing this it is essential to focus on improving those essential skills while building your networks and friendships.
While in some career technical skills will be of greater value and impact, as you grow and advance up the career ladder their influence begins to be replaced by your personality, communication and leadership skills.
Failure is not terminal, it is not fatal. Well, most of it isn’t and shouldn’t be anyway. Failure is a part of the process, it is an inevitable component of successful ventures and endeavors and as such it shouldn’t be seen as a limiting factor. Don’t allow to be scared by the prospect of failure as then you will never make progress, you will never do anything new.
Do you remember learning how to swim, or ride a bicycle or drive a car…all of those where someone scary things, but you have pressed on until you have mastered them. The rest of life is much of the same, filled with opportunities and challenges most of which you can overcome with focus, action and strong belief in your abilities.
Don’t be afraid to fail.
Progress = happiness! Success arrives at the end of a sequence of steps, generally in smaller, more manageable increments. Success is rarely an event, but rather an outcome of a process, dedication and hard work. With that in mind, focus on small, incremental improvements and progress, not changing yourself as that will happen on its own in due time.
Take it one day at a time and make measurable actions towards your goals. In time, you will be standing in front of your goal, ready to embrace it.
5 things to consider as you are dealing with challenging individuals or situations. No matter what happens, staying cool, calm and collected with benefit you.
Here are 5 areas to focus on when you are dealing with events which are not worthy of your time, effort or attention.
- Look at the big picture and the issue’s relevance
- Look at the individual causing the issue
- Contain the issue
- Take the high road (where possible)
- Realign with your major goals for this year
What is your story? What is the excuse you keep telling yourself for not going after all the things you want and deserve in life, in career, in business, health, family…what is it, do you know?
Now, that you are being honest with yourself, let’s take this moment to reflect on what you truly desire in life and career. Do you know what that is and do you know what you need to do to get there in due time? If you do (and only your truth and awareness matters) you need to spend more time focusing your attention, energy and action on those areas. Take it one day at a time and build necessary momentum in making progress and moving forward.
One day, time will pass us by and when you look back on your life, your career, your contributions, nothing will hurt as much as regret for not acting and taking chances, even calculated risks at times. Go after your dreams and goals, TODAY!