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How to Be a Successful Businessman (The Complete Guide)

How to Be a Successful Businessman (The Complete Guide)

Do you want to be a successful businessman?

If you expect this to be a list of tips about marketing or why social media is so important, then think again. Instead, we will focus on the most important asset when it comes to becoming a successful businessman – you.

Often, a lack of knowledge or confidence lies at the root of failing at something in life. So, imagine the difference it will make if both of these areas are no longer an issue. Would this change your perspective and belief in your ability to become a success at pretty much anything?

Well, that is where these person-specific tips will change things for you.

I will take you through 15 simple points that will alter your perception of yourself. By doing this, it becomes easier to overcome personal obstacles or difficulties that have the potential to hold you back in business.

With this guide, you will not only find it easier to become a successful businessman, but a more successful person in general.

So, are you ready to become a success?

1. Make Grit Your Foundation

Finding that ‘inner grit’ will lie at the heart of your foundation as a successful businessman.

Grit evolves into determination and perseverance, which is essential in achieving success. Grit stops you admitting defeat as soon as things get tough. Furthermore, it pushes you onwards even when others have their reservations.

No businessman can be a success without having this grit.[1]

Look to your past where you showed this grit to understand its positive impact on what happened next. Since it worked before, it creates a strong pathway in your mind that grows as you conclude that grit achieves results.

Understand your own inner grit, which motivates you, which pushes you forward and inspires you to achieve your goals. Nourishing those inner strengths and gifts will enhance your own special asset, yourself.

2. Work to Reduce Your Fear

Fear can destroy everything, and not only your business.[2]

Fear cripples you. It changes your way of thinking. It challenges your ability to carry out the correct actions. It inhibits your intuition which is pivotal to your success. Besides, it stops you taking those calculated risks that can push you forward.

Take time to think about your fears and where they stem from. Often, it’s only an illusion or a sign of an incorrect belief or way of thinking.

Was it justified? Did it protect? Did it impede? Seek to both understand and rationalize your fears to dilute their power. As Richard Branson said in 2015,[3]

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Overcoming fear is the first step to success for entrepreneurs.

Identify those fears and build your confidence in those areas even with small steps. The more confident you are, the less power fear has at its disposal.

Remember there is positive stress, that is the one that says, ‘Get up and go’ and then there is the other which holds you back. Use your get up and go motivator and work on dropping fear.

This guide can hep you conquer whatever fear you have:

How to Overcome Your Irrational Fears (That Stop You from Succeeding)

3. Visualize Your Future on a Daily Basis

Do you day-dream about your future? Visualization makes it easier to turn it into a reality.

But, avoid thinking about the house or luxurious vacation. Instead, be sensible and tangible with your visions. Also, define them as clearly as possible since that will make your visions more real.

Write down your visions or sketch them with the pathway that you wish to follow. Any successful businessman knows what they are doing, where they are going and how to get there thanks to visualizing it.

Take a look at this article and learn to visualize:

How to Become a Person Who Can Visualize Results

4. Get Honest with Yourself

Being honest with yourself is often not nice nor easy. Identifying areas where you’re weak in can be soul-destroying; but only if you allow it to affect you.

People who are successful accept that it’s impossible to be good at everything. They will either learn new skills or outsource to resolve the issue.

Set aside time to be hard on yourself. Note the areas where you accept that you’re lacking. Even ask others who know you for their input.

Remember, this isn’t a personal attack but to see where extra help can stop those weaker areas from hampering your career. Through this process, you’ll find your positive strengths too and know what you’re working with.

5. Be Willing to Absorb New Information

Nobody knows everything. Business evolves constantly, and so as information.

This isn’t about gaining qualifications. It’s about studying and understanding the field you work in. You learn new ideas, theories, or methods and reduce the chances of making costly mistakes.

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Take time to learn from successful people you admire: read case studies that you find on City of Hype, identify common issues and see how others overcame them.

Learn to be a sponge that soaks up information that’s relevant, and then act upon it.

Embrace change or at least learn to like it. Change is something you can count on and is important for the dynamic businessman.

6. Be Prepared to Commit

Committing to yourself and your career is a long-term must. Even a businessman who appears to be an overnight success has put in both effort and work to get to that position.

Some struggle to achieve success because they find it difficult to commit to the process. They are anxious or fail to have the passion that is required for success.

Commit to yourself, your business and your family. You need to understand what you are doing this for and develop that grit; write it down and look at the reasons; be in it for the long road and not some quick fix which could be your undoing.

You need to know your goals and zero in on how to achieve them while being aware that this can take years and that’s nothing unusual.

Seeking motivation from those that are winning in their chosen fields can help as this can refresh the goal you have and keep it real.

7. Tackle Your Stress and Anxiety

Here’s something you may not have expected us to say. Get help!

A study carried out by the University of California states that 72% of entrepreneurs are affected by some mental health issue. From this, stress and anxiety play a significant role in these statistics.[4]

Realizing that business incorporates stress and anxiety lets you counteract it before it becomes a problem. While some stress is good, learning how to deal with it so it never undermines what you’re doing makes sense.

Seek out a stress expert or talk to a counselor who can help you face your stress in life and prevent it from bleeding over into your career.

If you’re not very good at asking for help, this article is useful for you:

Afraid to ask for Help? Change Your Outlook to Aim High!

8. Focus on Personal Growth Rather Than on Business

There is no successful businessman without personal growth. In fact, the stronger and more confident you are, the easier it will become.

Working on your character, your understanding of things or your weak points makes sense. Which parts are you unhappy about? Who can help with this? Realize you are never a finished product, and accept it.

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Look at the earlier point regarding your weak areas and work on improving them.

Also, have a strong foundation for yourself by seeking ways to improve what you already have. The core of success is within you; it’s a case of helping it to emerge. Maximize your strengths and try to mentor someone. It may reignite your inner introspection and enable you to move forward with confidence.

9. Understand the Way in Which You Make Decisions

Do you act on impulse or do you procrastinate too much?

Coming to terms with how you make decisions tells you a lot about your personality. Over-thinking can mean a lack of confidence while impulsive decisions shows recklessness that increases the risk of making a mistake.

Study what successful businessmen say about their own decision-making. Understand their processes and what works for them to formulate your own approach. It may be uncomfortable at first but if it makes things smoother, then your confidence will grow.

10. Work on Your People Skills

If your people skills are inadequate, then life will be tough. After all, you have to deal with people at some point.

Poor skills results in damaged belief in you and an inability to trust. Poor people skills also cost businesses billions of dollars per year due to bad experiences with customer service.

You don’t need to be able to talk to everyone, but work on your posture, and how you project your voice. Consider faking your confidence until it becomes easier too. Look at where you did well and feel inspired as a result.

Check out this article to learn more about people skills:

16 Bogus Myths About People Skills that Popular People Already Know

11. Become Involved in Networking

Being unable to network in any form will result in your business failing. As your people skills improve, so will your ability to network. Not networking affects your self-esteem and limits your business growth potential because the two go hand in hand.

If you lack in confidence, then start networking close to home and gauge the response. Move on to people who are perhaps not quite so close and also gauge their reaction.

Getting a positive reaction increases those positive vibes and networking will become easier, as will dealing with people in general.

Networking is a strange thing, the more you network the easier it becomes. Most successful businessmen have an easy style when networking and they do it without even thinking.

Networking also becomes a habit once you start a positive habit you want to practice early on.

Here’re some tips for networking:

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How to Network So You’ll Get Way Ahead in Your Professional Life

12. Understand the Need to Sacrifice

To succeed, you must understand the need to sacrifice. This applies to your social life, time with hobbies, even having to drop salary to gain experience to then move forward.

Being unwilling to sacrifice indicates a lack of passion and commitment.

Look at areas of your life that are distractions. How could you reduce them to boost your career? Where is the wasted time and energy?

No successful businessman ever got there by only putting in 50%. You must put this near the top of your list of priorities.

Learn the concept of balance and understand that there is a time for everything. Don’t over sacrifice, instead learn to balance like a pro.

13. Plan Every Aspect of Your Life

Planning equates to structure, and you will not be successful without it. I mentioned how successful businessmen know where they are going as they have visualized it. Well, change this to planning and the rules are still the same.

Plan when you will sleep, plan when you will eat and plan the order in which things must be done. You can outsource your marketing while you sleep. If your day is quite regimental, then there is less room for mistakes. You know what needs to happen and when, so nothing should be a surprise.

This may sound boring, but it is effective in saving you time and helping you take advantage of opportunities as they arise.

14. Nourish Yourself

Giving your body the correct fuel to get it through the day will make a huge difference. Ignoring your nutritional needs has a negative impact on your energy levels and your ability to think. This results in an increased chance of making mistakes.

You must commit to having a shut-down time each day. Consider reducing artificial light in the evening to encourage better sleep. Some of the techniques you can use to help you relax include exercise, meditation, healthy eating, avoiding sugar and caffeine and actually making time to stop work to eat.

Creating a business is exciting stuff but you have to make time to rest, to eat and to have fun. Remember the idea of balance?

15. Have Time for Yourself.

It cannot be work, work and more work. Having time for yourself and doing things that you enjoy or find relaxing will play a key role.

You must force your mind into thinking about something else to prevent fatigue. You must have that cut off time where you go back to your life pre-business.

Note what you like to do, and how long it usually takes. Then, look at your planning schedule from earlier and see how it can all fit in. With perfect planning, it will be easier than you think.

The Bottom Line

You may have a number of areas to work on. You might also have the best business or career mapped out already. But if you’re lacking in these core areas, then you will burn out, lose motivation or even give up your goal soon.

These points will lead to the success you are looking for. By taking into account the above points, you could place yourself well ahead of the pack and the competition when it comes to business sense.

Featured photo credit: rawpixel via unsplash.com

Reference

More by this author

Chris Porteous

The CEO of Grey Smoke Media / My SEO Sucks, helping entrepreneurs to grow their businesses.

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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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