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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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Published on March 25, 2019

How to Find New Growth Opportunities at Work

How to Find New Growth Opportunities at Work

Career advancement is an enticement that today’s companies use to lure job candidates. But to truly uncover growth opportunities within a company, it’s up to you to take the initiative to move up. You can’t rely on recruiter promises that your company will largely hire from within. Even assurances you heard from your direct supervisor during the interviewing process may not pan out.

But if you begin a job knowing that you’re ultimately responsible for getting yourself noticed, you will be starting one step ahead.

Accomplished entrepreneur and LinkedIn Co-Founder Reid Hoffman said,

“If you’re not moving forward, you’re moving backward.”

It’s important to recognize that taking charge of your own career advancement, and then mapping out the steps you need to succeed, is key to moving forward on your trajectory.

Make a Point of Positioning Yourself as a Rising Star

As an employee looking for growth opportunities within your current company, you have many avenues to position yourself as a rising star.

As an insider, you’re able to glean insights on company strategies and apply your expertise where it’s most needed. Scout out any skills gaps, then make a point to acquire and apply them. And, when you have creative ideas to offer, make it your mission to gain the ear of those in the organization who can put your ideas to the test.

Valiant shows of commitment and enterprise make managers perk up and take notice, keeping you ahead of both internal and external competitors.

Employ these other useful tips to let your rising star qualities shine:

1. Promote Your Successes to Your Higher-Ups

When your boss casually asks how you’re doing, use this valuable moment to position yourself as indispensable: “I’m floating on clouds because three clients have already commented on how well they like my redesign of the company website.”

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Tell your supervisors about any and all successes. Securing a new contract or signing a new customer should be a cause for celebration. Be sure to let your bosses know.

2. Cultivate Excellent Listening Skills

Listen well, and ask great questions. Realize that people love to talk about themselves.

But if you’re a superb listener, others will confide in you, and you’ll learn from what they share. You may even find out something valuable about your own prospects in the company.

If others view you as even-minded and thoughtful, they’ll respect your ideas and, in turn, listen to what you have to say.

3. Go to All Office Networking Events

Never skip the office Christmas party, your coworker’s retirement party, or any office birthday parties, wedding showers, or congratulatory parties for colleagues.

If others see you as a team player, it will help you rise in your company. These on-site parties will also help you mingle with co-workers whom you might not ordinarily have the chance to see. For special points, help organize one or two of these get-togethers.

Take the Extra Step to Show Your Value to the Company

Managers and HR staff know that it can be less risky – and a lot less costly — to promote from within. As internal staff, you likely have a good grasp of the authority structure and talent pool in the company, and know how to best navigate these networks in achieving both the company’s goals and your own.

The late Nobel-Prize winning economist, Gary Becker, coined the term “firm-specific,” which describes the unique skills required to excel in an individual organization. You, as a current employee, have likely tapped into these specific skills, while external hires may take a year or more to master their nuances.

Know that your experience within the company already provides value, then find ways to add even more value, using these tips:

4. Show Initiative

Commit yourself to whatever task you’re given, and make a point of going above and beyond.

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Position yourself so that you’re ready to take on any growth opportunities that present themselves. If you believe you have skills that have gone untapped, find a manager who will give you a chance to prove your worth.

Accept any stretch assignment that showcases your readiness for advancement. Stay late, and arrive early. Half of getting the best assignments is sticking around long enough to receive them.

5. Set Yourself Apart by Staying up on Everything There Is to Know About Your Company and Its Competitors

Subscribe to and read the online trade journals. Become an active member in your industry’s network of professionals. Go to industry conferences, and learn your competitors’ strategies.

Be the on-the-ground eyes and ears for your organization to stay on top of industry trends.

6. Go to Every Company Meeting Prepared and Ready to Learn

A lot of workers feel meetings are an utter waste of time. They’re not, though, because they provide face-time with higher-ups and those in a position to give you the growth opportunities you need.

Go with the intention of absorbing information and using it to your advantage — including the goals and work styles of your superiors. Respect the agenda, listen more than you speak, and never beleaguer a point.

Accelerate Your Career Growth Opportunities

A recent study found that the five predictors of employees with executive potential were: the right motivation, curiosity, insight, engagement, and determination. These qualities help you stand out, but it’s also important to establish a track record of success and to not appear to be over-reaching in your drive to move up in your company.

Try to see yourself from your boss’s position and evaluate your promote-ability.

Do you display a passion and commitment toward meeting the collective goals of the company? Do you have a motivating influence with team members and show insight and excellence in all your work?

These qualities will place you front and center when growth opportunities arise.

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Use these strategic tips to escalate your opportunities for growth:

7. Find a Mentor

With mentorship programs fast disappearing, this isn’t always easy. But you need to look for someone in the company who has been promoted several times and who also cares about your progress.

Maybe it’s the person who recommended you for the job. Or maybe it’s your direct supervisor. It could even be someone across the hall or in a completely different department.

Talk to her or him about growth opportunities within your company. Maybe she or he can recommend you for a promotion.

8. Map out Your Own Growth Opportunity Chart

After you’ve worked at the company for a few months, work out a realistic growth chart for your own development. This should be a reasonable, practical chart — not a pie-in-the-sky wish list of demands.

What’s reasonable? Do you think being promoted within two years is reasonable? What about raises? Try to inform your own growth chart with what you’ve heard about other workers’ raises and promotions.

Once you’ve rigorously charted a realistic path for your personal development within the company, try to talk to your mentor about it.

Keep refining your chart until it seems to work with your skills and proven talents. Then, arrange a time to discuss it with your boss.

You may want to time the discussion around the time of your performance review. Then your boss can weigh in with what he feels is reasonable, too.

9. Set Your Professional Bar High

Research shows that more than two-thirds of workers are just putting in their time. But through your active engagement in the organization and commitment to giving your best, you can provide the contrast against others giving lackluster performances.

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Cultivate the hard skills that keep you on the cutting edge of your profession, while also refining your soft skills. These are the attributes that make you better at embracing diverse perspectives, engendering trust, and harnessing the power of synergy.

Even if you have an unquestionably left-brain career — a financial analyst or biotechnical engineer, for example — you’re always better off when you can form kind, courteous, quality relationships with colleagues.

Let integrity be the cornerstone of all your interactions with clients and co-workers.

The Bottom Line

Growth opportunities are available for those willing to purposely and adeptly manage their own professional growth. As the old adage says,

“Half of life is showing up.”

The other half is sticking around so that when your boss is looking for someone to take on a more significant role, you are among the first who come to mind.

Remember, your career is your business!

More Resources About Ever-Growing

Featured photo credit: Zach Lucero via unsplash.com

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