Starting a business is easy – you just have to submit a few forms, get the required permit or license, and offer legitimate products/services. But making your business a success is altogether a different story.
Leading people, making mistakes, feeling overwhelmed, and being criticized are a few of the many business challenges you have to overcome to turn your business into a success.
In the recent, Survive and Thrive Growth Summit, Brian Hess & Scott Simons have shared business lessons they learned during their entrepreneurial journey. By implementing these critical business lessons, you can maximize your business success.
Critical Business Lessons to Learn from Brian Hess & Scott Simons
Brian Hess is an entrepreneur, author, and sales expert. He has 20 years of business expertise. And Scott Simons is managing partner and general manager at Carter Myers Automotive.
Both the experts have achieved success through trial and error. So, they certainly know what it takes to make a business thrive.
Let’s dive in:
1- Lead Your People with Compassion
Managing people plays a critical role in the success of your business. Even if you don’t hold a managerial post, you may still have to offer guidance to your team to be on the right track.
To bring out the best in your team, you should lead your people with compassion.
Find out what your employees want to achieve professionally in their lives, and then try to align their goals with your business goals.
Scott Simons emphasizes,
You have to care about others and know what’s important to them.
How would you know what your employees want?
The best way is to ask them. Brian Hess does the same. His company has a how I want to be coached form where they write their goals, what motivates them, what demotivates them, and the things they are striving for.
It’s simple – if you take care of your employees, they will take care of your business.
2- Learn from Your Mistakes
The path to entrepreneurial success is paved with mistakes and learnings. There is no successful business owner out there who doesn’t make mistakes.
Instead of complaining or brooding about your mistakes, you should try to learn from them.
Also, you must invest in yourself if you want to succeed. Join a good Small Business Workshop, get a mentor, read books on small business success.
Scott Simons says,
It is important to invest in yourself!
Brian Hess believes that working with a mentor can help business owners minimize setbacks and achieve their objectives.
The best thing someone starting out can do is get a mentor. Someone that has been there and can pave the way for them and help them stretch their vision
3- Never Let Low Points in Your Life Dictate You
Entrepreneurship is often a lonely journey. According to research, many business owners face mental health challenges.
Being a business owner yourself, you might feel sometimes that you’re going through low points in your life. Brian Hess also reckons that everyone has days where things seem to go wrong.
But successful business owners look at the brighter side. There is always a silver lining, and you should try to focus on that.
Scott Simons says,
A great leader is self-aware of their strengths, weaknesses, and how they impact others.
Focus on your strengths, find out your areas of improvement and work on that, and be a part of a business network. Doing so will keep you get going when the going becomes tough.
4- Manage Your Time Efficiently
Everyone has a limited amount of time, and small business owners are no exception.
So, you should manage your time smartly to do more. Make a list of tasks that you can easily delegate to free up your time so that you can focus on growth-driving activities in your business.
Scoot Simons rightly points out,
Being busy doesn’t matter, it’s about being productive.
Here are a few tips to better manage your times:
- Figure out where you waste time
- Use time management tools like a mobile app or a software application
- Prioritize your tasks
- Make a habit to set time-limits for tasks
- Implement a time-management plan
Make the best use of your time. And do only things that movies the needle.
Brian Hess says,
A lot of people aren’t honest about their time. People say they don’t have enough time but they’re just not being effective enough with their time.
The above critical business lessons, if you implement them, can certainly help you grow your business.
Check the complete discussion below:
Smart Hustle Resources
Growing Your Small Business from Humble Beginnings to Global Ambitions with Help from a CRM
Follow-Up: The Most Powerful Tool for Your Small Business Success
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