Finding yourself through business is a journey, and often, business success or failure are tied to things in your personal life. Business people are starting to recognize that there is a connection between business and personal, and personal struggles may impact things that you might be struggling with in your business. Developing a successful business requires you to refine and grow, and it will help you to improve certain skillsets.
#1. Communication. If you are going to be successful in business, you are going to have to communicate. There will be a lot of negotiation in the business as you get things set up and going. You are going to explain your business to a lot of people as you try to find customers, work with vendors, and grow the business. You are going to become a better communicator as you run your business.
#2. Understanding others. As part of growing your business and making your business bigger, know what others are doing and offering, and how you can benefit each other. Collaborate, whether it is with customers, or whether it is with vendors; whether it is with employees, or with strategic partners, or whether it is with the particular projects that you are working on. Understanding others and growing the business causes you to think more and more about them, what they need, and how you can work together.
#3. Know your limits. As a business owner, you learn what your limits are, what you can do or cannot do well, and what you should and should not be doing. As your business grows, you are going to get more focused over time. The business process is going to make you think about where you should and should not spend your time.
#4. Rely on others. If your business is going to grow, you have to specialize. You have to involve others in some capacity, whether they are vendors, independent contractors, employees, or outside teams. In order for your business to succeed, rely on others to do what they do. This helps you to be a better leader, understand the risks, delegate, and do things correctly.
#5. Become more human. The business process is challenging. It is full of ups and downs, good days and bad days. As you work with others, you will start to understand the human process, the struggles, and what is going on in life, in both yours and theirs. This may be one of the greatest benefits of owning a business, becoming more in touch with mankind.
What has been your experience in business? How has your journey been? What skills have you picked up that you didn’t expect? What are you working on? Please comment below.
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This posting is intended to be a tool to familiarize readers with some of the issues discussed herein. This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique. Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Magdalena Pawlowska.
About the Author
R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.