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12 Advice From Business Gurus To Young And Aspiring Entrepreneurs

12 Advice From Business Gurus To Young And Aspiring Entrepreneurs

While it may seem that most entrepreneurs become successful without any help, this is not usually the case. You can learn a lot from a mentor, but it may take a while to find just the right person. For now, here are some tips from top business gurus that will help steer you in the right direction.

1. Get Over Your Fears

Every entrepreneur is scared, but if none of them got over their fears, there would be no small businesses in the world. Arianna Huffington has been quoted as saying that she finds fearlessness to be a muscle, and the more it is exercised, the stronger it is. The more you face your fears, the stronger you will be.

2. Give Yourself Challenges

Richard Branson may have never finished university, but he lives his education, and considers his life to be an extended university education. He learns something every day, and so can you. Even the little things you learn can be extremely valuable, both in your everyday life and for your small business.

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3. Love what You Do

You need to enjoy running your business, and to do that, you need to love what you do. Steve Jobs says that if you don’t truly believe in what you are doing, you are never going to be completely satisfied in your life. For instance, you may want to write novels, or sell digital products online that you have created. Do what you love, and you will love what you do.

4. Plan Your Financing

Getting financing for a small business isn’t always the easiest task in the world, so you need to create a plan for raising capital. Richard Harroch said, “It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.”

5. Be Willing to Take Risks

You never know if something is going to work unless you try. If it doesn’t work, learn from it and try something else. Never stop taking risks, because you will never know what you could actually be doing. Jeff Bezos says that he wouldn’t regret failure, but he would regret not trying, because that is an even bigger failure.

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6. Know what You Want

You need to have a vision, and know exactly what you want. That way, you have something important to work towards. David Karp, founder and CEO of Tumblr, says that an entrepreneur is a person who has a vision and who wants to see that vision come to life. The clearer your vision is, the better able you will be to see it and see what you have to do to make it happen.

7. Listen to Complaints

You aren’t always going to do things right, and your customers will let you know when you aren’t doing things right. Listen to them, and learn from their complaints. Bill Gates has said that your “most unhappy customers are your greatest source of learning.” They can teach you what you are doing wrong and help you to succeed.

8. Learn from Your Mistakes

You can learn a lot from your mistakes, as well as from the mistakes of others. In fact, many successful entrepreneurs will tell you that your mistakes are your best teacher, as long as you are learning from your mistakes.

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9. Take Action

If you don’t do anything with your ideas, you aren’t going to be as successful as you want to be. Walt Disney said that the “easiest way to get started is to quit talking and start doing”. These are wise words that you should include in your mantra.

10. Put In Your Time

Your business isn’t going to be a success overnight. You need to work hard, and put in a lot of hours to be successful. Steve Jobs once said, “If you look closely, most overnight successes took a long time”. Truer words were never spoken.

11.Set Goals

You need to know the goals you want to achieve, and set them. Remind yourself every day about your goals, and each time you do so, jot down a way that you can reach those goals. Ryan Allis said that when you have the end in mind, you are sure to be working toward it daily.

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12. Understand Your Customers

When you know what your customers want, you can give them what they want, and that is going to help you to succeed. Dave Thomas said that knowing your customer was one of his three keys to success.

Featured photo credit: Charis Tsevis via flickr.com

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Jane Hurst

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Last Updated on October 13, 2020

How to Get Promoted When You Feel Stuck in Your Current Position

How to Get Promoted When You Feel Stuck in Your Current Position

Have you been stuck in the same position for too long and don’t really know how to get promoted and advance your career?

Feeling stuck could be caused by a variety of things:

  • Taking a job for the money
  • Staying with an employer that no longer aligns with your values
  • Realizing that you landed yourself in the wrong career
  • Not feeling valued or feeling underutilized
  • Taking a position without a full understanding of the role

There are many other reasons why you may be feeling this way, but let’s focus instead on learning what to do now in order to get unstuck and get promoted

One of the best ways to get promoted is by showing how you add value to your organization. Did you make money, save money, improve a process, or do some other amazing thing? How else might you demonstrate added value?

Let’s dive right in to how to get promoted when you feel stuck in your current position.

1. Be a Mentor

When I supervised students, I used to warm them — tongue in cheek, of course — about getting really good at their job.

“Be careful not to get too good at this, or you’ll never get to do anything else.”

This was my way of pestering them to take on additional challenges or think outside the box, but there is definitely some truth in doing something so well that your manager doesn’t trust anyone else to do it.

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This can get you stuck.

Jo Miller of Be Leaderly shares this insight on when your boss thinks you’re too valuable in your current job:

“Think back to a time when you really enjoyed your current role…You became known for doing your job so well that you built up some strong ‘personal brand’ equity, and people know you as the go-to-person for this particular job. That’s what we call ‘a good problem to have’: you did a really good job of building a positive perception about your suitability for the role, but you may have done ‘too’ good of a job!”[1]

With this in mind, how do you prove to your employer that you can add value by being promoted?

From Miller’s insight, she talks about building your personal brand and becoming known for doing a particular job well. So how can you link that work with a position or project that will earn you a promotion?

Consider leveraging your strengths and skills.

Let’s say that the project you do so well is hiring and training new entry-level employees. You have to post the job listing, read and review resumes, schedule interviews, make hiring decisions, and create the training schedules. These tasks require skills such as employee relations, onboarding, human resources software, performance management, teamwork, collaboration, customer service, and project management. That’s a serious amount of skills!

Are there any team members who can perform these skills? Try delegating and training some of your staff or colleagues to learn your job. There are a number of reasons why this is a good idea:

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  1. Cross-training helps in any situation in the event that there’s an extended illness and the main performer of a certain task is out for a while.
  2. As a mentor to a supervisee or colleague, you empower them to increase their job skills.
  3. You are already beginning to demonstrate that added value to your employer by encouraging your team or peers to learn your job and creating team players.

Now that you’ve trained others to do that work for which you have been so valued, you can see about re-requesting that promotion. Explain how you have saved the company money, encouraged employees to increase their skills, or reinvented that project of yours.

2. Work on Your Mindset

Another reason you may feel stuck in a position is explained through this quote:

“If you feel stuck at a job you used to love, it’s normally you—not the job—who needs to change. The position you got hired for is probably the exact same one you have now. But if you start to dread the work routine, you’re going to focus on the negatives.”[2]

In this situation, you should pursue a conversation with your supervisor and share your thoughts and feelings to help you learn how to get promoted. You can probably get some advice on how to rediscover the aspects of that job you enjoyed, and negotiate either some additional duties or a chance to move up.

Don’t express frustration. Express a desire for more.

Present your case and show your boss or supervisor that you want to be challenged, and you want to move up. You want more responsibility in order to continue moving the company forward. Focus on how you can do that with the skills you have and the positive mindset you’ve cultivated.

3. Improve Your Soft Skills

When was the last time you put focus and effort into upping your game with those soft skills? I’m talking about those seemingly intangible things that make you the experienced professional in your specific job skills[3].

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Use soft skills when learning how to get promoted.

    According to research, improving soft skills can boost productivity and retention 12 percent and deliver a 250 percent return on investment based on higher productivity and retention[4]. Those are only some of the benefits for both you and your employer when you want to learn how to get promoted.

    You can hone these skills and increase your chances of promotion into a leadership role by taking courses or seminars.

    Furthermore, you don’t necessarily need to request funding from your supervisor. There are dozens of online courses being presented by entrepreneurs and authors about these very subjects. Udemy and Creative Live both feature online courses at very reasonable prices. And some come with completion certificates for your portfolio!

    Another way to improve your soft skills is by connecting with an employee at your organization who has a position similar to the one you want.

    Express your desire to move up in the organization, and ask to shadow that person or see if you can sit in on some of their meetings. Offer to take that individual out for coffee and ask what their secret is! Take copious notes, and then immerse yourself in the learning.

    The key here is not to copy your new mentor. Rather, you want to observe, learn, and then adapt according to your strengths.

    4. Develop Your Strategy

    Do you even know specifically why you want to learn how to get promoted? Do you see a future at this company? Do you have a one-year, five-year, or ten-year plan for your career path? How often do you consider your “why” and insure that it aligns with your “what”?

    Sit down and make an old-fashioned pro and con list.

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    Write down every positive aspect of your current job and then every negative one. Which list is longer? Are there any themes present?

    Look at your lists and choose the most exciting pros and the most frustrating cons. Do those two pros make the cons worth it? If you can’t answer that question with a “yes,” then getting promoted at your current organization may not be what you really want[5].

    The two most important days in your life are the day you are born and the day you find out why. —Mark Twain

    Here are some questions to ask yourself:

    • Why do you do what you do?
    • What thrills you about your current job role or career?
    • What does a great day look like?
    • What does success look and feel like beyond the paycheck?
    • How do you want to feel about your impact on the world when you retire?

    Define success to get promoted

      These questions would be great to reflect on in a journal or with your supervisor in your next one-on-one meeting. Or, bring it up with one of your work friends over coffee.

      Final Thoughts

      After considering all of these points and doing your best to learn how to get promoted, what you might find is that being stuck is your choice. Then, you can set yourself on the path of moving up where you are, or moving on to something different.

      Because sometimes the real promotion is finding your life’s purpose.

      More Tips on How to Get Promoted

      Featured photo credit: Razvan Chisu via unsplash.com

      Reference

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