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?

To get more practical tips on becoming better in business, join our learning community of entrepreneurs on Facebook.

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?

Dream Team Pick of the Week: “Mommy Millionaire” Kim Lavine

Here is Kim Lavine on the Today Show

Kim is an author, mentor, mother, and industrious woman who has gained recognition in the business world as a thought leader on international business. Talking about big thinking, then you would do well to follow the path that Kim is laying. She is blazing the trail for women all around the globe to succeed as business owners.

In this interview Kim shares valuable advice for female entrepreneurs who want to turn their big idea into the next big thing. In my weekly Follow-Up Friday posts, I discuss ways to create a thriving business. I recommend building a team of business advisers even if it means following the wisdom of the major players who advise through blog posts and videos online. Kim’s practical, no-nonsense business savvy places her at the top of my list of credible business models. Also being a Michigander myself places her on the radar as an entrepreneur that I would like to meet.

 

Five Business Blogs Written By Women For Women

womenbusinessownerThe more we learn, the more we grow.

As more and more women start businesses today it is essential that they have the resources to help them succeed. The internet is a good place to start. If you want to stay on top of what is happening in the business world, you will find these blogs helpful.

eWomen Network Blog

I give kudos to this site because the founders have discovered how to make business networking online work.  No man or woman is an island and the eWomenNetwork.com has truly figured that out. One key to succeed in business is synergistic relationships and this blog encourages this. Here entrepreneurs connect with peers who have complimentary skills and through a growing community they are helping one another build their business.

Women on Business

Another one of my favorite stops is womenonbusiness.com. They are doing a fantastic job of bringing a variety of relevant topics for femalepreneurs to the desktop.  The blog also gets my vote because the information is written to women business owners by women in the business world. This site is a great resource especially if you are operating a business alone and have yet to assemble your dream team of business advisers.

Women’s Leadership Exchange

No where on the web have I been able to find anything comparable to this site. Its niche specific brand focuses on building leadership skills of women who run small businesses. You will find womensleadershipexchange.com valuable because of its roundup of information, business insights, professional development opportunities and first-hand lessons from top women in the business world.

Mom Invented

We can all use a boost to the imagination for new ideas at times, right? Another blog for women, but especially for moms who invent, is mominvented.com. This witty mother writes regular posts that is the dream blog for people who want to inspire their creative side. With a very fun approach and from the view of a mom, you will learn from her everything you need to know about product creation, product development, product launch, and marketing.

Corporate Fashionista

Here’s where we shake things up a bit. Most of the female business owners that I know enjoy a little fashion sense. So when you are taking a break from marketing, personnel matters, and running the numbers stop by corporatefashionista.com. There are tons of ideas there for everything fashion that range from what you wear for networking to how you outfit your office.

I had fun on my tour of blogs for business women business. There are still many more excellent blogs to share and I’d like to hear from you. What business blogs do you enjoy that are by and for women?

Live Out Your Purpose by Defining Your Strengths

purposeMany entrepreneurs take jobs that there is no real desire for. Sometimes it is simply a way to make ends meet. Often it is because you still need to figure out where you fit in.

What would your life look like if:

  • You were doing the work that interests you the most?
  • Taking assignments that pull at your heartstrings? it is easy to spend endless hours with no complaints working on them.
  • Contributing your skills, talents and abilities in work that rewards you with meaning, excitement, and joy?

If you are not yet on this path, let me share that the picture looks a lot different when you do what you are wired for and excel at it. Why? You are pre-programmed towards certain likes and dislikes. Although you can doing many things, it’s good to pay attention to what you desire and want to do. This is what people refer to when they talk about purpose. It is liberating when you know what you are gifted to do. That is when you can clearly define your preferences and a plan for how to share your talent on purpose with the world.

For instance, I enjoy watching home improvement shows where women are in charge of the rehabbing. Although the process is exciting to watch I can honestly say it is not work that I would personally enjoy. However, if I were ever asked to be a part of a rehab team, I would offer my skills in administration. The reason is because this is where I excel.

How do you find your strengths and purpose? One day I had an idea to take out my resume and review my past work. I asked myself questions like, “What tasks do I feel most confident doing?”, “Where have I been acknowledged by others for doing a good job?”, “What assignments were the most (or least) interesting and why?”, “What projects do I look forward to today that put a sparkle in my eyes?” After jotting down my answers, I used the same questions to examine my roles as wife, mother, and minister. That is when my purpose became as clear as the bright morning sun.

Some insights that I gleaned from this exercise were:

  • I spend the majority of my time managing finances and administrative tasks for others.
  • The assignments that I enjoy most requires a computer
  • Using software and management tools to keep entrepreneurs on top of the financial side of business is extremely gratifying and meaningful to me.

I continue to use this process and each time that I do, I see my roles and purpose become more aligned.

Have you ever struggled with figuring out what you should be doing in life? What is one way that you have been successful in finding your purpose and staying on track?

5 Guiding Life Principles for Self-Improvement

Those who walk with God always reach their destination.  Henry Ford

Of all the women that I have ever read about,  the one that inspires me most is in the book of Proverbs.  I was introduced to her a little over ten years ago and remember the moment very well.  It was during a monthly meetup that a group of about thirty women and I came together to talk about the character of a virtuous woman. The twenty verses in this passage is a perfect place to start if you are working on self-improvement. There is much to glean from her example. I have made a list of the top five lessons from her life that have helped me grow the most.

  1. God First Lifestyle
  2. Wifely Wisdom
  3. Responsible Parenting
  4. Good Stewardship
  5. Selfless Giving

The Proverb 31 woman’s lifestyle is certainly an appropriate place of study for any woman with a desire to grow spiritually. As we mature, it is good to use her as a model. Just as the famous quote reads, If you can see it and believe it, you can achieve it.  This woman is not given a name because she is really a combination of many that we have come in contact with today. If you think about it, there is probably several women who come to mind that you know personally who is like the model in this chapter. That is the point! To get an image of the woman that you hope to become so that it becomes tangible to you. Talk with her. Ask her how she does it and figure out how to make the ideals, practices, and paradigms that you most admire your own.

As a wife, mother, entrepreneur and ministry worker, I can relate to the many roles of her life. After reading this passage more times than I can count, what intrigues me still, is how well she manages the details of her days without losing her self and giving up. This makes me a huge fan of the Proverb 31 woman because she sets the blueprint for us to follow. I continue to study her character while strengthening both faith and focus in my life.

So my hope is that you will have the opportunity to read about this phenomenal woman. If you have, what insights have you learned along the way? What other women do you consider awesome role models for the women of today?