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3 Critical Most Important Factors to Entrepreneurship

3 Critical Most Important Factors to Entrepreneurship

September 29, 2014 @ 11:55 pm
by admin
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If you own your own business, that doesn’t necessarily make you an entrepreneur. Most small business owners simply create a job for themselves. One of the main differences between someone who has simply created a job for themselves and an entrepreneur is knowing what needs to be done and what it’s going to take to get it done. An entrepreneur plans for the future and should always be one step ahead of the game. Having a solid vision is key to the success of any business. Here are the key factors to entrepreneurship that everyone should know and utilize.

There are tons of great strategies to being an effective entrepreneur but one of the top, most important, factors to know and to implement is knowing when to delegate work out to others. Too many people get stuck being the jack of all trades in their business but they end up being the master of none. They try and wear every single hat possible in their business. They are the sales person, the customer support department, service delivery agent, warehouse manager, and the janitor all at once. The most common excuse that I always here is that as a small business owner, you can’t afford to hire out the work so you have to do it all on your own. The real key here is to stop doing everything yourself because as a business owner, your time is way better spent elsewhere in your business. If you focus on spending your time in areas that bring you revenue and hire out all of the rest of the monotonous tasks that you do on a day to day basis, trust me, the money to pay your employees will come faster than you think.

Lastly, the most important factor in being an entrepreneur is being humble, accepting your results whether good or bad and deffinitely being able to remain 100% fully accountable for the results of your company and the people you hire. Nobody will care more about your company than you which is why you need to be accountable for the results that you have brought in thus far. You also need to remain accountable for doing whatever it takes to make the necessary changes to take your business to the next level and beyond.

To summarize, a good business owner knows that it’s not necessarily up to you to be busy but it’s your responsibility to know what needs to be done, and to get it done. Whether or not it’s you doing the work or you delegating that work out to others. It is equally your responsibility to remain accountable for the results of that work. That is the true key to success as an entrepreneur.

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