7 Ways to Lead Your Business and Ensure It Succeeds

succeedIf there was ever a time to pay close attention to leaders that are blazing the business trail, it is now. Entrepreneurs who desire to create viable companies will find it easier to learn from the experience of others. Let’s take a look at seven traits of today’s top entrepreneurs inside this article.

  • Enterprising Outlook. High achieving business leaders constantly seek ways to multiply their money. They are in the field making things happen and are not afraid to share their skills with the world. In order to grow they allow themselves to be stretched to do things that are out of the ordinary. Boldness and perseverance are stamps upon their character.
  • Willing to Get Help. An important principle that they embrace early on is partnerships. Successful entrepreneurs learn to build trust and collaborate with others to achieve bigger results in less time. Once the right team is in place, they go the extra mile to foster solid relationships, supporting partner’s success along the way..
  • Delegates to the Pros. Entrepreneurs who run viable companies have the right team members in place. True leaders realize the extent of their capacity and readily release the things that do not desire to do.
  • Always Learning. They are consistently learning, changing, and growing with their company. These individuals want to know “how to” elevate their business. They know that the business world is a constantly changing environment and those that do not change with it will not survive.
  • Self-Motivated. As business leaders look within themselves and connect with their own mission and purpose. This is what causes them to excel at what they do each day. True entrepreneurs will go to their grave having said, “I gave it my all and my all was good enough.”
  • Uses Common Sense. It is often said that entrepreneurs are born, not made. You can see this in the lives of many who may have dropped out of school or never completed a college degree. What makes them successful is their application of practical business principles and life lessons that they combine and turn into financial gain.
  • Never Allow Failures to Determine Success. Instead of quitting when the going gets rough, they are able to take a step back and a break, if necessary, but they do not stay down for long. Any time that you see them reeling from having missed the mark is a period of refocusing and getting their mojo back. You can bet that they are creating a plan of action so don’t let their temporary delay fool you. Be on the lookout because nothing aside from leaving this earth will cause them to lose their way.

 

Which of these qualities do you most relate? Were there any lessons that learned that can make your company more viable? How will you put them in action today?

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Seven Strategies That Enterprising Women Use To Create a Thriving Business

womenentrepreneurIt’s safe to say that no two women-owned businesses are exactly alike. Yet, even in our differences, the way that we run our companies have many things in common. Here are seven secrets to female business success that stands out for me:

  1. The first thing I notice among female entrepreneurs is our goal to consistently reach new markets. We build companies with staying power. That means we are conscious of not putting all of our eggs in one basket. We add diversity in our companies by adding new products, services and market segments. We also consider new ways  to fill a different need by focusing on our core strengths.
  2. Women in business seek better ways to get goods and services to their customers. We run our companies like lean organizations because we want them to be efficient. Keeping our eyes on logistics is key as we look for ideas to streamline our processes. We are careful to control costs while doing our best to meet high standards of quality.
  3. Female CEO’s realize that a successful enterprise is a growing enterprise. Women in business know the difference between being thirsty and being hungry for success. That’s why we set the bar high. For us, the focus is two-fold: Give extremely high value to customers and add extremely high value to the companies we own.
  4. We are also interested in building relationships. In business the adage, “Time is money” is true. That’s why it is key to build strong business relationships.  Industrious women know that the investment of time is the seed that produces long-term growth.
  5. Women business owners build companies with strong teams. No woman is an island. So women achieve their goals in business by delegating where they are weak and building teams to complement their strengths.
  6. We look for ways to reduce costs without sacrificing quality. When it comes to saving money, enterprising women are careful of where and when to cut expenses. We also look at costs as investments when they make our brands and market positions stronger.
  7. Enterprising women are interested in managing money well. This is a strategy that most women business owners do not take lightly. We start with the end in mind picturing where in retirement we want to financially be. Then with the help of financial professionals, we create our companies around our goals.

As an entrepreneur of over a decade I have personally used these in my business but can always improve (especially in number 5 — getting better at delegating roles).

So tell me in the comments below, did any of these tips strike a chord?