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4 Bulletproof Strategies That Are Key to Achieving Your Lifelong Entrepreneurial Goals

4 Bulletproof Strategies That Are Key to Achieving Your Lifelong Entrepreneurial Goals

The most successful entrepreneurs are driven, highly motivated and goal-oriented individuals. They always have a clear vision of what their end-goal is, whether it’s being the most dominant player in the industry or offering a unique service that others have shied away from. Merely starting a company is not enough to have a successful career. You need to be able to sustain it. Sadly, 90% of startups fail within the first 5 years, and only 10% are able to find success. At times, failure comes due to poor planning, at times due to sheer bad luck.

While the new government is said to be planning to change some rules regarding businesses, the basic formula for success remains the same. Without much ado, let’s have a look at what you need to find success in this the business world.

1. Clearly List Short and Long-term Goals

Setting goals is one thing, but do you plan to track them with the passage of time? Do you have any systems in place to keep you on track?

So you’ve listed down your goals. That’s great! You now need to break them up in increments, setting up short-term goals that will act as a platform for achieving long-term goals.

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Write down what goals you’re accomplishing this year. Take a step back and think… is there anything in particular you should be doing this month in order to meet that goal? Think again – what should you be doing this week that will take you a step closer to your monthly goal?

A number of entrepreneurs tend to fail when it comes to achieving goals because their thought process or strategies are flawed. They may be setting goals, but it doesn’t quite inspire them to aim high or set unusually high expectations. Don’t fall for that. Be practical and set attainable goals, and continue to track those goals.

2. Set Deadline-oriented Milestones

So you have clearly articulated goals but it doesn’t end there – you’re not just in the business of setting goals but achieving major milestones. Pick a realistic timeframe and estimate by what date you’ll be achieving a particular milestone.

In addition, set intermediate milestone periods to act as reference points along your entrepreneurial journey. For example, if you plan to gain about 20% market share in the first quarter, the goals revolving around that will take you to your very first milestone. Done! Cross it off your list and move on to the next one. Keep your chief milestone in mind all the while.

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Remember, there’s no such thing as unachievable goals, only unachievable deadlines. Give yourself time, stick to that timeframe and deliver the goods.

3. Don’t Run Away From Change

Every year holds promise – new technology and trends, legislation, ever-changing needs of consumer groups and industries, etc.

New innovations in the market might completely change consumer behavior.

If you’re far-sighted enough to realize that change is inevitable and you’ll need to embrace it, you are in the black. For example, what are your customers talking about? What do they desire the most? Are there any real benefits you can add to the marketplace?

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Try to be on top of these things and you’ll achieve one of your greatest lifelong goals as an entrepreneur: continuing to generate revenues and having people approach you as “the go-to guy”.

4. Come to Terms With Your Purpose

It doesn’t matter if you’re a solo entrepreneur or an entire corporation – this one is absolutely critical for long-term success.

Aside from the generating revenue bit, you really need to know why you’re in this. And this sense of purpose and vision needs to be shared all across your team.

Sit down with a cup of coffee, find a nice view to gaze at and think about how you want to bring change into the world. How will your product change lives? Is your primary purpose just to educate and spread awareness or do you also want to add a touch of luxury and convenience to people’s lives?

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You will probably not come across a single successful entrepreneur today who hasn’t made it big without a well-defined purpose. You see, when you define a purpose for doing business, you’re setting a standard for what direction you need to move in.

So once you have set clear and measurable goals, sync them with your purpose and then stick to your guns.

In the entrepreneurship game, you need to have a sense of purpose and fulfill that purpose through meaningful goals which will help you reach your end goal or grand finale, if you will. Embrace change when needed and honor your deadlines to achieve lifelong success as an entrepreneur.

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Ahmed Raza

CEO of Samurais.co

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Last Updated on July 16, 2019

7 Powerful Habits To Win In Office Politics

7 Powerful Habits To Win In Office Politics

Office politics – a taboo word for some people. It’s a pervasive thing at the workplace.

In its simplest form, workplace politics is simply about the differences between people at work; differences in opinions, conflicts of interests are often manifested as office politics. It all goes down to human communications and relationships.

There is no need to be afraid of office politics. Top performers are those who have mastered the art of winning in office politics. Below are 7 good habits to help you win at the workplace:

1. Be Aware You Have a Choice

The most common reactions to politics at work are either fight or flight. It’s normal human reaction for survival in the wild, back in the prehistoric days when we were still hunter-gatherers.

Sure, the office is a modern jungle, but it takes more than just instinctive reactions to win in office politics. Instinctive fight reactions will only cause more resistance to whatever you are trying to achieve; while instinctive flight reactions only label you as a pushover that people can easily take for granted. Neither options are appealing for healthy career growth.

Winning requires you to consciously choose your reactions to the situation. Recognize that no matter how bad the circumstances, you have a choice in choosing how you feel and react. So how do you choose? This bring us to the next point…

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2. Know What You Are Trying to Achieve

When conflicts happen, it’s very easy to be sucked into tunnel-vision and focus on immediate differences. That’s a self-defeating approach. Chances are, you’ll only invite more resistance by focusing on differences in people’s positions or opinions.

The way to mitigate this without looking like you’re fighting to emerge as a winner in this conflict is to focus on the business objectives. In the light of what’s best for the business, discuss the pros and cons of each option. Eventually, everyone wants the business to be successful; if the business don’t win, then nobody in the organization wins.

It’s much easier for one to eat the humble pie and back off when they realize the chosen approach is best for the business.

By learning to steer the discussion in this direction, you will learn to disengage from petty differences and position yourself as someone who is interested in getting things done. Your boss will also come to appreciate you as someone who is mature, strategic and can be entrusted with bigger responsibilities.

3. Focus on Your Circle of Influence

At work, there are often issues which we have very little control over. It’s not uncommon to find corporate policies, client demands or boss mandates which affects your personal interests.

Gossiping and complaining are common responses to these events that we cannot control. But think about it, other than that short term emotional outlet, what tangible results do gossiping really accomplish? In most instances, none.

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Instead of feeling victimized and angry about the situation, focus on the things that you can do to influence the situation — your circle of influence. This is a very empowering technique to overcome the feeling of helplessness. It removes the victimized feeling and also allows others to see you as someone who knows how to operate within given constraints.

You may not be able to change or decide on the eventual outcome but, you can walk away knowing that you have done the best within the given circumstances.

Constraints are all around in the workplace; with this approach, your boss will also come to appreciate you as someone who is understanding and positive.

4. Don’t Take Sides

In office politics, it is possible to find yourself stuck in between two power figures who are at odds with each other. You find yourself being thrown around while they try to outwit each other and defend their own position; all at the expense of you getting the job done. You can’t get them to agree on a common decision for a project, and neither of them want to take ownership of issues; they’re too afraid they’ll get stabbed in the back for any mishaps.

In cases like this, focus on the business objectives and don’t take side with either of them – even if you like one better than the other. Place them on a common communication platform and ensure open communications among all parties, so that no one can claim “I didn’t say that”.

By not taking sides, you’ll help to direct conflict resolution in an objective manner. You’ll also build trust with both parties. That’ll help to keep the engagements constructive and focus on business objectives.

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5. Don’t Get Personal

In office politics, you’ll get angry with people. It happens. There will be times when you feel the urge to give that person a piece of your mind and teach him a lesson. Don’t.

People tend to remember moments when they were humiliated or insulted. Even if you win this argument and get to feel really good about it for now, you’ll pay the price later when you need help from this person. What goes around comes around, especially at the workplace.

To win in the office, you’ll want to build a network of allies which you can tap into. The last thing you want during a crisis or an opportunity is to have someone screw you up because they harbor ill-intentions towards you – all because you’d enjoyed a brief moment of emotional outburst at their expense.

Another reason to hold back your temper is your career advancement. Increasingly, organizations are using 360 degree reviews to promote someone. Even if you are a star performer, your boss will have to fight a political uphill battle if other managers or peers see you as someone who is difficult to work with. The last thing you’ll want is to make it difficult for your boss to champion you for a promotion.

6. Seek to Understand, Before Being Understood

The reason people feel unjustified is because they felt misunderstood. Instinctively, we are more interested in getting the others to understand us than to understand them first. Top people managers and business leaders have learned to suppress this urge.

Surprisingly, seeking to understand is a very disarming technique. Once the other party feels that you understand where he/she is coming from, they will feel less defensive and be open to understand you in return. This sets the stage for open communications to arrive at a solution that both parties can accept.

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Trying to arrive at a solution without first having this understanding is very difficult – there’s little trust and too much second-guessing.

7. Think Win-Win

As mentioned upfront, political conflicts happen because of conflicting interests. Perhaps due to our schooling, we are taught that to win, someone else needs to lose. Conversely, we are afraid to let someone else win, because it implies losing for us.

In business and work, that doesn’t have to be the case.

Learn to think in terms of “how can we both win out of this situation?” This requires that you first understand the other party’s perspective and what’s in it for him.

Next, understand what’s in it for you. Strive to seek out a resolution that is acceptable and beneficial to both parties. Doing this will ensure that everyone truly commit to the agreed resolution and will not pay only lip-service to it.

People simply don’t like to lose. You may get away with win-lose tactics once or twice but very soon, you’ll find yourself without allies in the workplace.

Thinking win-win is an enduring strategy that builds allies and help you win in the long term.

Featured photo credit: Unsplash via unsplash.com

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