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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 March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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