{"id":171,"date":"2018-04-28T12:54:23","date_gmt":"2018-04-28T10:54:23","guid":{"rendered":"https:\/\/www.dazzlepop.net\/site\/?p=171"},"modified":"2018-04-28T12:54:23","modified_gmt":"2018-04-28T10:54:23","slug":"5-life-lessons-essential-for-business-success","status":"publish","type":"post","link":"https:\/\/www.dazzlepop.net\/site\/5-life-lessons-essential-for-business-success\/","title":{"rendered":"5 Life Lessons Essential for Business Success"},"content":{"rendered":"
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There are many truths\u00a0in starting and operating a successful business. Many business truths are common sense concepts — like if you run out of cash, your business might not make it. But, you can also draw on general life lessons when growing your business.<\/p>\n

I\u2019ve been in the entrepreneurship game for more than 30 years now. I\u2019ve applied a lot of the lessons I learned in life to starting and growing my businesses. And believe it or not, keeping these in mind has helped my businesses succeed.<\/p>\n

1. Take the plunge sooner rather than later.<\/h2>\n

If you\u2019ve been thinking about starting a business but haven\u2019t gotten around to doing it, what are you waiting for? Of course, it\u2019s important to conduct a\u00a0business risk analysis<\/a>\u00a0and develop a solid business plan. But if you\u2019ve done all of your homework and keep waiting for \u201cthe right time,\u201d you might be waiting for a while.<\/p>\n

You often hear that there\u2019s no perfect time to do certain things in life. It\u2019s easy to make excuses as to why you\u2019re putting off your dreams — like\u00a0traveling, buying a home, etc. Starting a business is the same way. But, taking risks is all part of the fun of living life to its fullest —\u00a0including starting a business. Being able to take calculated risks is an important attribute of entrepreneurs.<\/p>\n

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Related:\u00a0Your First Year in Business Is Mostly About Surviving<\/a><\/b><\/p>\n

By default, anyone who starts a business is a risk taker. There\u2019s no guarantee a business will survive. But, taking that initial plunge is the first step in proving that you have what it takes to live out your dream.<\/p>\n

Taking the plunge doesn\u2019t just apply to those of you thinking of owning a business. It also applies to those of you who are already business owners. Each day in business, you take risks. Should you unveil a new line of products or services? Should you invest? Should you expand your business?<\/p>\n

If you wait too long to take the plunge, you might miss a golden opportunity.<\/p>\n

2. Push yourself outside of your comfort zone.<\/h2>\n

To grow as an individual, you need to stretch yourself. You might try new foods, change up your routine, or travel somewhere you\u2019ve never been. Every one of us goes through difficult situations and has opportunities to leave our comfort zone. Likewise, you need to be willing to leave your comfort zone when you start or own a business.<\/p>\n

Facing situations that are outside our comfort zones is just a part of life. If we refuse to leave our comfort zones, we could miss out on big things. And, it could lead to the destruction of your business.<\/p>\n

Successful business owners are comfortable pushing the envelope in most things they do. I forced myself to leave my comfort zone throughout my entrepreneurship journey, and in my life, and I\u2019m so glad I did.<\/p>\n

I\u2019ve always been more of an introvert than an extrovert, and in my startup days, the thought of public speaking terrified me. As a business owner, I knew I needed to conquer my fears. To date, I have spoken at about 70 business conventions. Writing was not my forte, either. I graduated from college with an engineering degree, so I didn\u2019t practice my writing much. But once I started my first business, I forced myself to write a 20-page weekly newsletter. I did this for eight years!<\/p>\n

I\u2019m 100 percent\u00a0sure that my willingness to conquer my fears and push myself outside my comfort zone was instrumental to the growth and success of my businesses.<\/p>\n

So, what\u2019s your comfort zone look like?<\/p>\n

Related:\u00a03 Ways to Get Out of Your Comfort Zone and Improve Yourself in 2018<\/a><\/b><\/p>\n

3. Strengthen your communication skills.<\/h2>\n

Having good communication skills will help get you far in life. Being able to communicate helps you make connections, diffuse conflicts, vocalize your viewpoints and understand what others have to say.<\/p>\n

Likewise, I\u2019ve learned that communication skills are essential for growing your business. In fact, they just might be the most important trait for business growth. You don\u2019t have to be a TV talk show host, but you must be willing to be a little outgoing.<\/p>\n

If you\u2019re a good verbal communicator, can speak well enough that people understand you\u00a0and are able to speak in front of an audience (if necessary), your odds of business success increase.<\/p>\n

Public speaking and writing were very limiting constraints for me when I started my business. I was terrified of public speaking, and I was a terrible writer! \u00a0If you want to strengthen your communication skills, practice. Consider starting a blog or\u00a0speaking in public<\/a>. And, you can practice every day in your personal life, too!<\/p>\n

4. Stay loyal to the people who helped get you where you are.<\/h2>\n

Think about all the people you\u2019re loyal to in your personal life. And, think about how strong that relationship has to be for you to want to be loyal to them.<\/p>\n

Being loyal in business is another vital part of business growth. It\u2019s important to stay loyal to the people who have helped you get where you are, especially your employees and customers. When you\u2019re loyal to your employees, you can expect high retention rates, quality work\u00a0and increased employee engagement. When you are loyal to your customers, you don\u2019t sacrifice the quality of your offerings. You help them work through questions and concerns they have.<\/p>\n

If you remain loyal to your customers and employees, the majority will remain loyal to you.<\/p>\n

Related:\u00a0Why You Should Launch a Loyalty Program in 2018<\/a><\/b><\/p>\n

5. Embrace failure.<\/h2>\n

Failure is probably one of the least liked words in the English language. But if we spend all our energy getting self-conscious and closing off when we fail at something in life, we won\u2019t be able to bounce back, learn from it and grow. In life and business, once you learn what causes failure and learn how to recover, you have a recipe for success.<\/p>\n

Business failures might shake you up for a bit. But instead of thinking that every failure is going to end in\u00a0small business bankruptcy<\/a>, you can look at them as learning experiences. Every time you fail\u00a0in business, you have the opportunity to turn your situation around.<\/p>\n

Running my businesses hasn\u2019t always been a walk in the park. I\u2019ve made decisions that cost me money, and I faced failure during the Great Recession. At first, I didn\u2019t want to admit that these failures were happening. But once I did, I embraced and fought through them. Thankfully, my startups pulled through. And, I learned a great deal from that those experiences.<\/p>\n

Sometimes, the only way to learn important lessons is by failing.<\/p>\n

 <\/p>\n

Source:\u00a0https:\/\/www.entrepreneur.com\/article\/311972<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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