Smart Dos And Don’ts For Your Small Business

Truly, you might want to argue that there’s no one-size-fits-all advice for entrepreneurs. Indeed, there’s diversity in the type of mindset it takes to be a business man.

However, there are certain common place  qualities and traits that will make the path to success easier for you if you are in the entrepreneurship space.

Let’s look at a few things you can be doing to win and keep a positive reputation plus a few to avoid to help your small business climb the SMEs ladder swiftly and efficiently too.

First off, the best small business owners don’t have ulterior motives. They’re committed to eradicating dishonesty, corruption, and unethical practices from the industry. Be the company your customers come to and feel comfortable with after being jerked around by your competitors. Therefore, if something is not in the best interest of everyone, including your customer, please don’t push it.

Secondly, the best entrepreneurs treat all people with respect, from the poorest to the richest, without any judgements. Franklin D. Roosevelt said “If you treat people right they will treat you right … ninety percent of the time”, and that’s a great quote to keep in mind while building your customer base.

Again, try as much as possible to be approachable. Your business is taking off- congratulations! Just make sure you don’t turn into a big shot that no one wants to be around anymore. The most successful business owners don’t make it a popularity contest nor are they obsessed with their successes making the local news. The best leaders aren’t arrogant and don’t boast about themselves, they make themselves available to others and do what is needed to be done without accolades.

Similarly, take some risks. Take some calculated risks, friend. You may keep your doors open, but you’ll never reach your business’s full potential without taking some calculated risks along the way. You can take that to mean applying for another loan from the bank, but this doesn’t have to be only financial risks.

Now let’s say a few things about the DON’TS. As a matter of DON’T, please don’t jump on things simply because you think you know them too well. Perhaps, you know things about your industry. Important things, secret things, expert-level things! GREAT! But have you thought it through? Much of what you know about your industry may in fact be your opinions on the best ways to do it, not facts. Only share these opinions in appropriate settings. If you’re a mentor or a guest speaker, share away. If you’re just using it as a way to talk about everything you know in that long grocery line, don’t.

The Bottomline

Can we agree that the above business ‘hacks’ should be adopted by every entrepreneur? Truly, what you do and don’t do matters a lot in taking your small business to the next level. Always remember that as the owner of your small business, you are often the public face of your company. A business owner who respects those around him and stays approachable will always be perceived better than those who act better than everyone else. Keep yourself humble, stay thankful, and don’t forget to take strategic risks to help shoot up your small business like a meteor.

Good luck.

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