“All great achievements require time.” Maya Angelou
Women’s History Month is a great time to look at the words of Maya Angelou and the lessons they have for entrepreneurs. This quote above has a powerful lesson for entrepreneurs. That lesson is, don’t be afraid to let your business age.
Most entrepreneurs want to succeed and to achieve great and wonderful things with their businesses. It is important for entrepreneurs to keep in mind the fact that great achievements take time. It can be discouraging to try to achieve something day after day after day and not be successful. Some entrepreneurs get frustrated trying for great achievements. Some get so tired they give up.
When running your business, make sure you have a business plan in place. Make sure that business plan is a SMART plan. Then work step by step, piece by piece to accomplish the things in your plan. If you created a SMART plan when you created your business plan, you have a realistic time frame and an idea of how long it should take for you to reach the achievement you desire. Most likely, your business plan does not state you will have overnight success and achievement.
Let this article serve as a reminder that great achievements take time. So, while you are trying to achieve great and wonderful things with your business, give yourself a break. Success may not happen overnight. In fact, success may not happen over the course of many nights. If it takes months or even years for success and achievement to come in your business, be encouraged and continue to push forward.
Entrepreneurs who want to succeed should ABL aka Always be Learning. So, the question for you this fantastic day is what achievement are you working on in your business and how to you stay encouraged while waiting for it to happen?
“Surviving is important. Thriving is elegant.” Maya Angelou
Women’s History Month is a great time to look at the words of Maya Angelou and the lessons they have for entrepreneurs. This quote listed above has 3 lessons for entrepreneurs. These lessons are:
- First you must survive
- You need a reason to live
- Seek to thrive
First you must survive
No matter what else an entrepreneur does, she must make sure her business survives. All the great ideas, net profits and community outreach a business does mean nothing, if the business is not able to survive. It is important to take care of your business so that your business survives. This means a business should keep good records, pay obligations in a timely manner, treat employees with dignity and show respect to customers. This is how a company survives.
You need a reason to live
Every thing needs a reason to live. This includes your business. Your business needs a purpose, a reason to exist. Look at your business. In five seconds or less can you define its purpose? Is there a reason why your business is alive? If you know your business’ purpose – excellent. If you do not know the reason why your business is alive, stop. Literally stop right now and find it. There is no right answer. Some businesses are alive to create jobs. Others exist to make money for their founders. Others exist to prepare people for other jobs. Your business must have a reason to exist.
Seek to thrive
Once survival is secure, the next thing to do is thrive. When a person thrives, they prosper and flourish. That is what we want for our businesses. This is a good thing and a wonderful goal to have for our businesses. When a business is in survival mode, it is operating day-to-day and doesn’t have time, energy or ability to think about what is going on in the future. Survival makes it hard to plan, organize and grow. Look for ways to develop your business. Seek out partnerships that enable you to make best use of resources. Look for ways to thrive.
Entrepreneurs who want to succeed should ABL aka Always be Learning. I firmly believe that you can learn something new every day if you try. Poetry, affirmations and inspiring quotes from others are a great source of lessons for entrepreneurs.
So, the question for you this thrilling day is, is your business in survive mode or thrive mode?
Entrepreneurs must ABL Always Be Learning and Lolapalooza one of today’s top news stories has 3 lessons for entrepreneurs.
Lolapalooza is in the news because ticket s are now on sale for this multi-day music extravaganza. Entrepreneurs should pay attention to this story because there are 3 lessons For entrepreneurs found in this story. These lessons are:
- If you build it, they will come
- People pay for what they want
- Dependability breeds loyalty
If you build it, they will come
I am famous among my circle of friends and professional colleagues for saying, “There is a lid for every pot.” I use that expression to share the idea that there are all kinds of people and there is always someone who likes whatever you have to offer. Often as entrepreneurs, we are afraid to sell a new product or service because we are afraid no one will buy it. Once you realize that there is someone who wants to buy almost everything under the sun, it gives you a new perspective. If you have something good to offer in the marketplace, step up to the plate and offer it. If you build it, they will come so get going!
People pay for what they want
Entrepreneurs are often afraid to charge a high price for good and services. We mistakenly think that if our price is too high, customers will go to lower cost options. This is not always the case. It is important to keep in mind that people pay for quality and they pay for what makes them feel good. In addition, people weigh their options and will make sacrifices to get things they want. The trick for you is to find a way to make your products and services what customers want and then let them figure out how to pay for them.
Dependability breeds loyalty
When customers know they can depend on your company to provide quality products and services, they will come back to you again and again. Customers want to feel secure that your product or service will work as advertised. Customers want to know that if they give you their money, you will be around if there is a problem. They also want to know that if they refer a friend, you can be depended upon to provide good quality, good service and a good experience.
Just as people go to Lolapalooza year after year because it was built, people find a way to pay the high ticket prices and it is a dependable source of entertainment. You must also build, charge for your products and be dependable. So, the question for smart entrepreneurs this what song gets you up and moving, doing what you need to do each day?