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Tag Archive small business

Who do I need to be? To be a successful small business owner

Fancy starting your own business. Who do I need to be, to be a successful business owner?

Do you own a small business and find yourself asking that question from time to time?

I am sure I am not alone as I have asked myself that question many times over the last 10 years. My journey has been one of many winding paths and turns, ups and downs. It has also been character building and has forced me to step outside my comfort zone.

I have put together my top 5 traits of a successsful business owner:

Patience – your dream career/company is unlikely to materialise overnight. To avoid throwing in the towel at every hurdle you will need to have patience.  You will work very hard and do long hours as you strive to get your venture off the ground, and this is likely to be with little or no income too when you first start out.

 

Hard working– In the early days you will feel like you are working 24/7 as you will not switch off the minute you leave your place of employment. The upside is it is such an exciting experience being your own boss. Allowing your creativity to flow and being able to make decisions without having to consult anyone else. Hard work is what will make the difference between success and failure. But the rewards and sense of achievement are so worth it.

Resilience – There is often a lot to learn when you switch from being employed to working for yourself. There are so many more responsibilities which you probably didn’t have to worry about before.  So often working for yourself is viewed by outsiders as the easy option – however the truth is there will be knock backs, unsuccessful outcomes and missed opportunities and resilience is one of the traits you will master to manage these setbacks.

Flexible – You will write a business plan and envisage your future business. As you start to put into practice the steps of your plan you may see things differently. The ability to be flexible and not rigid in your way of doing things will enable you to move forward and in the right direction to meet the needs of your customers. Always ask for feedback from all sources this will help you to understand how your product or service is being received. Use this feedback to fine tune your offering to ensure that you get the best results.

Committed– Remember your why. Why did you set up your business? If you have adopted the above 4 characteristics you are on the right road. Commit to it, stay focused. Mix with like-minded individuals and never be afraid to ask for support. Many experienced business owners are delighted to offer advice and support. It is always good to get a view from a different perspective. There will be tough times but show commitment and never give up.

What do you think? Have you got the stamina to run your own business?

Out of all the highs and lows I can honestly say I would not change any step of my journey. It is very rewarding and getting recommendations and repeat business tells you – you are doing something right! I love being my own boss, constantly learning new skills, forcing myself out of my comfort zone. I constantly amaze myself with the tasks I set myself or the jobs I hear myself saying yes to and then must find out how to do it!

If you are currently in the process of starting your business – Good luck and enjoy the ride.

Sharon

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