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6 Ways Fearless and Ambitious Entrepreneurs Gain Rapid Business Growth

6 Ways Fearless and Ambitious Entrepreneurs Gain Rapid Business Growth

As an entrepreneur, you’ve probably started your business dreaming of a continuous flow of money and the freedom to set your own hours and find success on your own terms. While these dreams aren’t impossible, they definitely are hard to realize, especially if you’re just starting out on your journey. However, the rewards you end up reaping will end up being completely worth it in the long run.

As a budding entrepreneur, you need to:

1. Join the competition

Don’t be afraid to dive right in. Make yourself known in your industry, even if on a small scale. This is not to say you want to start out thinking you can put other companies out of business — or even that that’s what you should aim to do at all. Rather, you should use your competitors’ successes as motivation to grow your own company from the ground up.

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You should also look to the established professionals within your industry and see them as the mentors they are. Many of them will be more than willing to help you get started on the right path.

2. Hire the right people

You’re not going to be able to run your company by yourself. You want to hire competent and forward-thinking individuals who are willing to work toward a common goal. While you don’t want to make exorbitant promises from the get-go, you want to make it clear that their efforts today will pay off in dividends tomorrow.

You want people who are motivated by more than just the almighty dollar working for you. You want the ones who understand your vision and will stop at nothing to see it come to life.

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3. Reduce your risks

Starting a business is a huge risk in the first place. And, believe it or not, getting started too quickly can end up coming back to bite you immediately.

As your business starts to grow, be careful not to take on too much. You don’t want your customers and clientele to get the impression that you’re unreliable. While you should never turn away a customer willing to pay for your services, if you’re unable to cater to their needs right away make sure they understand this, and that the only reason there may be a slight hold up is that you want to provide them with the best product or service possible.

4. Be adaptable

If you haven’t noticed by now, trends change on an almost daily basis. Because of this, your business needs to be able to constantly adapt to the needs of your customers. While you don’t want to sacrifice your integrity just to make a quick sale, you do want to listen to your customers’ advice and criticisms.

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You’re almost certainly going to make mistakes along the way to success. But if you don’t learn from them, you’ll never reach the goals you’ve set for yourself.

5. Focus on your customers

Like I just said, your business only exists because your customers do. But your company isn’t unique (at least not yet). Your audience can easily find someone else offering the same service or product as you. What keeps them loyal to your company is the personal touch you put into your business. Don’t settle for knowing what your customers want. Reach out to them as human beings. Create a community of like-minded individuals who share their ideas freely.

Not only will this give you an idea of how to move forward with your business, but it will show your customers that you truly care about them and want to provide them with exceptional service.

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6. Think ahead

This goes along with being adaptable. Like I said, you always want to be changing with the demands of your customers. But you shouldn’t be reactive in this prospect.

You need to proactively grow as a company, and never settle where you currently are. Imagine if Bill Gates or Mark Zuckerberg had just stopped working once they made their first million. Not only would they not have nearly as much as they do now, but Microsoft and Facebook would never have grown to the omnipresent entities they currently are.

Once you’ve reached one goal within your company, you should immediately start looking ahead to the next milestone on your path.

Featured photo credit: Child Entrepreneur Lemonade Stand 50 Cents Each Qiqi Lourdie June 24, 20111 / Steven Depolo via farm7.staticflickr.com

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Matt Duczeminski

A passionate writer who shares lifestlye tips on Lifehack

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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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