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How to Be Your Own Boss

How to Be Your Own Boss

Do you want to be your own boss? It’s not easy, and it’s not for everyone, but it can be incredibly rewarding for the right person. Here are some tips to help you be your own boss.

1. Find your brilliance

Having passion for your work is great, and if you’re not sure what you’re passionate about, click here for a free workbook to find your passion. Even better than passion, though, is when you find your sweet spot where your passions and strengths collide with what the world needs and what people will pay you to do. When you find the spot where those areas meet, you can be amazingly brilliant in your business endeavors.

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2. Focus on your ‘why’

Think about why you want to be your own boss. What are you craving in your career, and why? Having a strong, meaningful, personal reason for being your own boss will compel you to persevere when times are tough. For more about finding your why, check out this TED Talk by Simon Sinek.

3. Become awesome at time management

When you are working for someone else, there is often some (or a lot of) structure to your days. Typically, companies have set expectations for employees. When you’re your own boss, it’s essential to plan how you’ll spend your time productively. It’s important to spend your days doing things that are truly moving your business forward, rather than getting caught up in busy-work that’s not actually productive. One very simple way to start improving your time management skills is to spend a few minutes each evening writing out a tentative schedule for the next day. This can help you stay on track toward your goals and minimize time spent on unimportant activities.

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4. Be prepared to take massive action

Many people significantly underestimate the action required to become successful in their business ventures. If you’re determined to be your own boss, get ready to take massive action toward your goals. You will need to act when you don’t feel like it. You will need to act when you’re scared, you’re tired, you’re frustrated, and you’re doubting yourself. You can have wonderful ideas, but if you’re not taking action, you won’t achieve your big dreams.

5. Become financially literate

To be your own boss, it’s important to have an understanding of finances. Understanding the financial picture of your business can help you make smart business decisions. Also, keeping track of the numbers will help you determine where you can cut costs, where to focus your efforts, and which of your services are the most profitable.

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6. Develop a mindset for success

Being your own boss will require you to step out of your comfort zone over and over again. You will need to learn to act in spite of your fear, to persevere when you are struggling, and to think big. You will need to learn how to tackle procrastination and to do things that scare you. Developing a mindset for success can take a lot of time and effort, but can drastically improve your business.

7. Become great at connecting with others

As your own boss, it will be important to focus on serving others and building relationships with your clients and partners. Delivering great value with excellent customer service will help you build your business. Life is all about connecting with others, and you will notice a positive change in your personal life and business when you work on connecting with people in a genuine way.

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Being your own boss is not for the faint of heart, but for certain people is a very fulfilling experience.

Featured photo credit: Flazingo Photos / https://flickr.com via flickr.com

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Dr. Kerry Petsinger

Entrepreneur, Mindset & Performance Coach, & Doctor of Physical Therapy

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Last Updated on March 12, 2019

20 Inspiring Vision Statement Examples (2019 Updated)

20 Inspiring Vision Statement Examples (2019 Updated)

There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

What Is a Vision Statement?

A vision statement is like a photograph of your future business, which gives your business shape and direction.

A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

The Importance of a Vision Statement

Without a vision statement, your business will lack motivation to keep going.

If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

How to Craft an Inspiring Vision Statement

1. Dream big and use clear language

An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

  • Imagine how you want the business to be like in five to ten years.
  • Infuse the business’ values in the statement.
  • Make sure that the statement is implying a clear focus for the business.
  • Write your vision statement in the present tense.
  • Use clear and concise language.
  • Ensure the statement is easily understood.

There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

2. Get inspirations from the successful companies.

Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

Short vision statements made up of a few words only:

1. Disney

To make people happy.

2. Oxfam

A just world without poverty.

3. Ikea

To create a better every day life for the many people.

Quantitative statements are based on numbers, quantities:

4. Microsoft

Empower every person and every organization on the planet to achieve more.

    5. Nike

    Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

      Qualitative statements are based on qualities that you want to have:

      6. Ford

      People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

      7. Avon

      To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

      Competitor based statements – this type is becoming less common, but famous examples are:

      8. Honda – in 1970

      We will destroy Yamaha.

      9. Nike – in 1960s

      Crush Adidas.

        10. Philip Morris – in 1950s

        Knock off RJR as the number one tobacco  company in the world.

        Role Model Vision Statements – using another company as an example:

        11. Stanford University – in the past

        To become the Harvard of the West.

        12. Reach for Success – in the past

        To become the next Tony Robbins in self development.

        Internal Transformations vision statements:

        13. Apple

        To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

        14. Giro Sport Design

        To make sure that riding is the best part of a great life.

        15. Tesla

        To accelerate the world’s transition to sustainable energy.

        16. Sony

        To be a company that inspires and fulfills your curiosity.

        17. Facebook

        To give people the power to share and make the world more open and connected.

          Longer and more detailed vision statement:

          18. Walmart

          To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

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          19. Coca Cola

          To achieve sustainable growth, we have established a vision with clear goals:

          Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

          People: Being a great place to work where people are inspired to be the best they can be.

          Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

          Partners: Nurturing a winning network of partners and building mutual loyalty.

          Planet: Being a responsible global citizen that makes a difference.

            20. Heinz

            Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

            The Bottom Line

            Remember, always keep your vision statement up-to-date to direct your company’s actions.

            Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

            Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

            Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

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            To your success!

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