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10 Successful Entrepreneurs Stories About Getting Through Tough Times

10 Successful Entrepreneurs Stories About Getting Through Tough Times

We all face challenges, regardless of what field we choose to operate in. In our little way, we have developed mechanisms to help us fight them. And while these tactics might not necessarily be the same, we all have stories about how they’ve worked for us — and in some cases, how they’ve not worked.

So, to help keep you in check, here are 10 successful entrepreneurs stories which are also some intense challenges that all businesses face. You will also find expert advice from professionals concerning how they they deal with these challenges.

1. Jeff Brodsly: Working Through Tight Finances

    How do you keep yourself and your business engaged when you don’t have sufficient funds to continue operating?

    Finances are the engine which drives your business, and a lack of sufficient funds is especially dire when you have an innovation or a means to, and you have just so many developments that need to be made before your product can launch.

    Still, there’s no cash.

    It’s a problem that Jeff Brodsly, Co-Owner of Elite Merchant Solutions, is all too familiar with. The company set out to provide merchant account setup services across the country, and things didn’t always start so rosy. However, his solution always comes in the form of compartmentalizing.

    He said,

    “Compartmentalize… when budgets got real lean, I compartmentalized the immediate pain of a tight budget and kept the long term goal in mind.”

    2. Doug Burgoyne: Work-Related Stress

      When the stress of the business gets excessive, how do you keep yourself form capitulating?

      You can’t have a business without necessarily going through some stressful times. These periods make you question your motives for even owning the business, and they could cause you to begin doubting whether you truly can pull through.

      However, it is important for you to keep your eyes focused on the vision of your business and where you see yourself going to. You built a vision for your business at the onset, and you have status or situation or place where you see yourself. Never lose sight of that, as it is what will give you the drive to keep going.

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      Doug Burgoyne, President of Frogbox said,

      “My philosophy on managing my attitude when things are stressful focuses around four things: Mission, Vision, Values and a Realistic view of the financial situation.”

      3. Retha Sandler: Feeling Stuck In Business

        Is there any way to work around multiple commitments?

        Time and task management are two things that you will need to develop as a business owner. Managing multiple tasks over a short period of time will come to be an invaluable skill as you move on down the timeline of your business, and you need to understand how to merge both.

        However, it is also important for you to understand which tasks take priority and which might affect the mold you’re looking to build. These should be given your attention.

        Retha Sandler, President of Blamtastic said,

        “I make 100 decisions a day, 99 of which I don’t want to think about. The little things cannot be ignored and take up a big portion of your time as a business owner, but keeping the big picture in focus is vital to survival.”

        4. Loredo Rucchin: Handling Online Staffing Problems

          In a world where things move rapidly, what are the basics that my business needs?

          In most times, it becomes impossible for you to scale through certain challenges on your own. That’s why you’ve got employees and a team of people working on a project with you.

          So, make sure that you hire the right crop of people to help you scale these challenges, and you can be secure in the fact that they’ve got your back as well.

          Loredo Rucchin, CEO of JukeBoxPrint, said,

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          “As you grow, your challenges will change dramatically. If you are operating your business mostly or even partially online, you need a good IT team (yes, you need to hire multiple people) to keep your website stable, secure and operating smoothly.”

          5. Adam Anthony: Obstacle To Your Position

            As the head of a business or company, how do you tackle people or situations that threaten your authority?

            Hostile takeover attempts are common. How do you navigate them?

            The issue of holding your own when challenges come is an important one, because at the end of the day, it is what will determine your mettle as a leader and whether you truly have what it takes.

            Well, instead of cowering out, develop a mindset that enjoys these challenges.

            Adam Anthony, CEO of Creo Care, said,

            “To maintain a healthy perspective we take inventory of the great attributes of our company… Instead of cringing at challenges, we try to savor them… and reflect upon past triumphs.”

            6. Mohan Varkey: Difficult Media And Public Perception

              When change does come, it is important for you to be ready. You might have to pivot, but keep in mind that your core business practices don’t necessarily need to switch as well.

              You’re who you are, and sticking to that can help you keep your identity as you pivot.

              How do you handle people seeing you in a difficult light?

              Be a friend and keep the consistency up.

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              The public is your major market, and it is important that these people see you as a friend who is willing to help out. That’s the only way they will be guaranteed to patronize you

              Also, as Mohan Varkey CEO, of Zebra Blinds once said,

              Keep in mind that consistency is key. You don’t necessarily have to stick to the same old thing, but ensure that you’re consistently good at one thing to keep your business running.

              7. Dave DuPont: Handling Unplanned Change

                When an unanticipated dynamic is thrown into the mix, what is the best approach?

                Change is an issue that some businesses never see coming. It could be a switch in the market or an innovation that threatens to make what you do obsolete.

                It is also important for you to know- especially in your early days- that there is always an opportunity or a potential for you to pivot. Some businesses end up flipping their blueprint and moving into a model that wasn’t there from the start. If it’s essential to your business survival, then “zag” your perspective.

                Dave DuPont, CEO of Teamsnap said,

                “Perspective allows me to know that just about any successful business does not follow the plan it starts out with… Groupon [for example] was originally a cause-based message board. Call it adjusting or pivoting, whatever. I call it ‘zagging.'”

                8. Ellen Rohr: Getting Ready For A Shake-Up

                  When change comes, how do you deal with it, especially if it has the potential to make my company obsolete?

                  A way to ensure that you’re ready for the inevitable change is seeping a holistic view of things. The problem that a lot of business heads and owners make is never keeping a view on the various things that could drive their businesses, and it ends up coming back to haunt them.

                  Being a leader is understanding the facts and knowing how your business progresses along a certain curve. Be in the know.

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                  Ellen Rohr, public speaker and president of Ellen Rohr ZOOM DRAIN – Zoom Franchise Company said,

                  “Once a week, I review my business plan, review our top projects list, look through the marketing calendar and the financials. I believe you plan or get planned for.”

                  9. Christian T. Russell: Defying Existential Crises

                    If you’ve had a business for a long time, then you’ll understand what it means to have an existential business crisis. Essentially, it is a challenge that is so significant, and it makes you wonder why you built your business in the first place and whether you truly have what it takes to pull through

                    When these times come, the solution is to remain resolute in the fact that you understand your purpose for being here. Challenges will come, but that conviction in your identity will keep you standing.

                    Christian T. Russell, President of Dangerous TACTICS, said,

                    “You HAVE to know your purpose for running your company in the first place! Why does your business exist? Who do you serve? What do they need most from you, right now? 99% of business owners do not take the time for this introspection.”

                    10. J.T. O’Donnell: Getting A Challenge For Control Of Your Business

                      There is always a chance of people looking to believe that they’re more essential to your business than you are. You get threats over what you can and can’t do, and it could even seem that people might want to hamstring you at some points in time.

                      So assure yourself of your purpose here.

                      Challenges could be internal (within the company) or external (from outside sources it could be competitors, customers, or contractors). When these happen, keep in mind that you own the business and there’s a place you’re going to. This will fuel you to deal with any such conflict.

                      J.T. O’Donnell, President of advocacy and career consulting firm, Work It Daily said,

                      “I remind myself that nobody is making me do this. I chose to build a company… I can stop if I want. This always reminds me that I’d be miserable doing anything else.”

                      Final Thoughts

                      Challenges are a part of every business journey, and you need to be ready to tackle them. Using any of these tips from bonafide entrepreneurs, you can easily get things done and reach a stage where challenger are unable to surmount you anymore.

                      More About Entrepreneurship

                      Featured photo credit: Austin Distel via unsplash.com

                      More by this author

                      Tanvir Zafar

                      The founder of ISU Technologies, passionate in writing about productivity, creativity, entrepreneurship, work and technology.

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                      Published on January 7, 2021

                      How To Train Yourself When You Lack Attention To Details

                      How To Train Yourself When You Lack Attention To Details

                      Some people see the trees for the forest, and some see only the forest, meaning they lack strong attention to detail. But even if you’re one of the people who take a macro rather than a micro view, true professionalism requires balancing both.

                      If focusing on the fine points is not your forte, you will benefit from training yourself to pay attention to details. You will profit by saving yourself time, effort, money, and credibility.

                      Why Training Yourself in Attention to Details Pays Off

                      You add value to your organization when you make the effort to ensure that you performed your work thoroughly and effectively. This is why job postings often list “attention to details” among the required skills.

                      When you present your supervisor or client with well-completed, high-quality work the first time, it maximizes your value and minimizes wasted time. Detail-oriented people are also more adept at catching mistakes that could lead to costly blunders.

                      Moreover, attention to detail is an indicator of possessing other in-demand employee qualities, such as organization, thoroughness, and focus. In some professions, such as accounting, engineering, medical research, and more, you can only excel if you have trained yourself to pay attention to details.

                      In other professions, possessing strong attention to detail is the very quality that will get you promoted to a position where you will be asked to consider the big picture.

                      Finally, if you are the “go-to” details person, everyone else on the team can relax a bit. They know the project is in good hands and will likely throw you more projects as a reward. This will ultimately lead to your advancement.

                      3 Important Aspects of Becoming More Detail-Oriented

                      Here are the 3 important things you need to learn if you want to remedy your lack of attention to detail:

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                      1. Respect deadlines
                      2. Understand the work-flow plan
                      3. Build in time to mess up

                      1. Respect Deadlines

                      Deadlines lend all projects a finish line. One smart idea is to take the given deadline and work backward from it, calculating when your piece of the project is due. Then, if you stick to the proscribed schedule for completing the mini-projects that you have, you will never miss a deadline.

                      One important note on this: It is smarter to stick to the deadline and turn in work that merits a “B+” than to blow the deadline with “A” work. Chances are, through revision and suggested changes from others on the team, you can bring up your B+ work to an A later. But if you disregard deadlines, you will lose the respect of your boss and fellow teammates.

                      2. Understand the Work-Flow Plan

                      Your team is developing work in conjunction with other teams who have projects and deadlines of their own. When you grasp the whole work-flow plan, you may be able to either add insight to the greater project or to your own smaller piece of it that others at the firm will consider valuable.

                      3. Build in Time to Mess Up

                      You can expect that “what can go wrong will go wrong.” Don’t overpromise on deadlines. Something likely will mess up, but when it does if you built in the time to fix it, those around you won’t freak out.

                      Chances are, you already give your attention to several details. Take heart. You can do this! You can overcome your lack of attention to detail and become more detail-oriented.

                      For starters, consider this: Most people take the time and put in extra effort into the activities or undertakings that matter to them most. Training yourself to become more detail-oriented can mean adopting a similar pattern of behavior.

                      Apply the same attention you give to your appearance. Are you a meticulous dresser? Do you pay attention to how you pair patterns and colors, and how you accessorize a particular outfit?

                      This is the same system to use when you lack attention to detail with your work. Give every item careful consideration so that each one contributes to the perfectly pieced-together whole.

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                      Assemble the ingredients the way you do when you cook. Cooking and baking from scratch require close attention to details as you measure and add each ingredient in sequence, and you time everything so that the meal comes together at the same time.

                      Similarly, your work product requires you to gauge whether all the ingredients have been added and that your final product is delivered on time.

                      Organize your business network like you do your social contacts. If you follow a broad base of friends and acquaintances on social media, you can apply similar skills to stay up-to-date on details associated with business acquaintances.

                      When you meet somebody who could be influential to your career or a resource for improving your skills, follow that person on social media. Respond to their posts to keep the lines of communication flowing.

                      12 Tips to Help You if You Lack Attention to Detail

                      Teaching yourself to take note of important details involves sharpening your perceptions and thinking ahead. The following tips will help you adopt these practices. Master these habits when training yourself to become detail-oriented.

                      1. Learn to Listen Well

                      You will pick up relevant information and needed nuance when you apply the skills of active listening. In conversations, train yourself to make eye contact, give your undivided attention to the speaker, and ask pertinent follow-up questions.

                      Training yourself to pay better attention to details in conversations includes learning to fully concentrate on what others have to say. If you find it hard, there’s no harm in taking notes on what they say.

                      2. Pay Attention to Social Cues

                      Make a point of noticing body language and facial expressions that provide insights into how others perceive a situation. Social cues offer details that give you an understanding of how words and actions impact others. The infamous character Michael Scott of the television show “The Office” epitomizes the consequences of not paying attention to others’ body language.[1]

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                      3. Follow Rules

                      Rules and protocols usually come about from lessons learned and are put in place to avoid further mishaps—whether from a safety or efficiency standpoint. If you’re given step-by-step procedures to follow, check them off as you go. Also, return to the rules at the project’s end just to make sure you adhered to them all.

                      4. Take Notes

                      Note-taking is a way to boost your retention and gives you something to refer back to when you need to keep track of pertinent details. You will also heighten your focus as you listen for relevant information. Review your notes shortly after the meeting or conversation and highlight the content that you intend to apply.

                      5. Prioritize What Needs Your Attention Now

                      When you have a full slate of work that demands your attention, take a few moments to sort assignments from most to least urgent. Keep a calendar, spreadsheet, or project planning software up-to-date with schedules and deadlines to help you stay organized.

                      As you tackle each urgent assignment, give it your full attention so no details are missed. Give yourself ample time—especially if you tend to be someone who waits until the last minute—as rushing can make you overlook important details.

                      6. Have a Detail-Oriented Assistant Check Your Work

                      If you lack attention to detail, then it makes sense to seek help from someone detail-oriented. If you have this option, take advantage of it. Two sets of eyes are better than one. Just be sure to credit your assistant for their help once the project is completed.

                      7. Learn the Rules of Writing Well

                      English is a difficult language, and grammar, punctuation, and spelling can all sabotage you unless you pay attention to detail. When in doubt, look it up. Free to use website services such as Grammarly can help.

                      8. Proofread Before You Hit Send

                      Nothing is perfect in its first draft. If you lack attention to detail, then put in the extra effort before submitting things. Before you send off any written work, check carefully not only for misspellings and incomplete sentences but also for improper tone, inappropriate colloquialisms, and inconsistent formatting. When your written communications are error-free, they will have their intended impact.

                      9. Minimize Distractions

                      It is impossible to stay focused when colleagues carry on conversations nearby or your mobile notifications ding you throughout the day. Do your best to limit distractions.

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                      If you are working where there is a lot of noise or side activity, try wearing noise-canceling headphones or seeking out a quiet corner. Disable your notifications when you need to focus, and resolve to only check them after you have completed your assignment.

                      10. Take Breaks

                      It may sound counter-intuitive to stop and take a walk, but it’s necessary. Walk away from the screen. Moving from one task to the next across the span of your workday is a recipe for brain fatigue. Give your brain a recess time when you come to a natural stopping place or after you complete one project and before you start the next. These short pauses are necessary for sorting through all the details needed for coming up with successful solutions.

                      11. Make Time for Reflection

                      At the end of a workday, take a few minutes to go over the day’s events in your mind. What was said or relayed in conversations? What is the status of the projects you worked on? What else occurred that you should pay attention to? Could there have been any details you might have missed that you should address tomorrow?

                      12. Keep a Detailed To-Do List

                      This simple organizational tool is your best ally for getting your work done on time and for paying attention to the details. If you are pressed for time (and who isn’t?), write your list to coordinate with dayparts.

                      Allot a certain number of hours to complete each task, do it, and then check it off. Nothing feels more rewarding than completing all the tasks on your list. But if you can’t finish them, then carry them over to the following day.

                      Final Thoughts

                      Details may seem small, but they can become a lot larger when they are overlooked. If you know you lack attention to detail, commit to training yourself to embrace the many facets that can help you consistently excel in the tasks you set out to accomplish.

                      When you begin to catch your mistakes in advance or apply the tidbits of information you gathered from paying close attention, you will know that you have trained yourself in the fundamentals of becoming detail-oriented. After that, you should start hearing the phrase “Great job!” more often.

                      More Tips on Boosting Your Attention to Detail

                      Featured photo credit: Cristina Gottardi via unsplash.com

                      Reference

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