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Your Business Will Grow Quickly If You Have These 10 Beliefs

Your Business Will Grow Quickly If You Have These 10 Beliefs

Business success depends on a number of factors. Some entrepreneurs make progress based on technical innovations. Many others build companies by offering a service or product that is clearly superior to everything else on the market. No matter what industry you are in, your business beliefs make a tremendous impact. Our beliefs shape our decisions about our business, especially when we are under pressure. If you have the following 10 beliefs, your business is guaranteed to improve.

1. You choose your own goals.

The determination to choose your own business goals makes a significant impact. Many in the corporate world wait passively for their goals to be assigned by senior management. If your investors and bankers require you to meet certain goals, there’s no need to limit yourself to those goals. Set at least one business goal based on your interests and desires.

What goals should you consider? Many people choose to focus on career goals (e.g. gain a promotion, land a new job). However, Michael Hyatt—creator of the 5 Days to Your Best Year Ever goal setting program—recommends a blend of goals to cover business (e.g. increase revenue), health (e.g. run a marathon), personal development (e.g. read 30 books) and relationships (e.g. take a “bucket list” trip to Europe with your spouse).

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2. You build positive relationships and partners.

Running a business requires supportive relationships. When you’re first starting out, take the time to build good relationships with your customers. Before long, you will find out that customers who like you are much more likely to bring new business to you. At this point, you may be wondering how exactly to create a positive business relationship. While every relationship is different, most positive relationships share the following qualities:

  • You learn how to detect negative cues: Noticing the lack of an activity can be an early warning sign that the relationship is in trouble (e.g. your business partner takes three days to return your calls instead of two).
  • You practice the art of active listening: Listening effectively is a complex skill but you can become better by using active listening techniques.
  • You look for ways to help others reach their business goals: introduce your business associates to new people, share books, share articles: there are many ways you can help people reach their business goals.

3. You have a humble attitude to learn about business.

Many writers stress the importance of confidence in business. Yet, over confidence has caused many companies to fail in recent years. When you have a humble approach to business, you stay open to new ideas and different solutions. When you are humble, you tend to ask more questions about business. You ask for business book recommendations, you realize that your plans will have to change with new information and you understand that staying curious is a key to success.

4. You take thoughtful risks.

How do you feel about risk in the business world? Some entrepreneurs feel the urge to vet everything on the success or failure of a single transaction. If that level of risk unsettles you, then you are in good company. Some of the most successful people in business put serious thought into managing risk.

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When Richard Branson, the noted British entrepreneur and billionaire, launched his airline in the 1980s, he thought through risk and created the following creative deal:

Once I had negotiated the price for a second hand 747 from Boeing, I said to them that if Virgin Atlantic wasn’t successful, then I wanted to be able to hand the plane back at the end of the first year—therefore protecting the downside. (Best Advice: Protect the Downside by Richard Branson)

Here are two other ways you can increase your ability to take risks:

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  • Apply the art of rejection therapy: the risk of rejection keeps many people from reaching business success. Jia Jiang went through 100 days of rejection—his experience shows how you can grow by overcoming the risk of rejection.
  • Practice risk management in your life to keep your health, finances and career in good condition. It is easier to take risks in business if you are keeping managing your health!

5. You are grateful to customers, suppliers, and others who support your business.

From time to time, it pays to sit back and be grateful for suppliers and customers. In fact, a gratitude habit is one of the best ways to maintain your mental health. We all know that the business world is stressful so this belief keeps you going through difficult times.

6. You strive for growth in every experience.

Business brings disappointment and frustration. A key employee resigns just when you need them. Several customers abandon you. Your belief in these times of difficulty will keep you going. Researcher Carol Dweck, author of Mindset: The New Psychology of Success, has demonstrated that a growth mindset leads to success.

7. You believe in yourself and your business.

Critics are everywhere. As Theodore Roosevelt pointed out in his famous “Man In The Arena” speech, it is not the critic who counts. When you put in the time and effort to build your company’s products and services, take pride in what you have achieved! When you move forward with confidence in your business, you will make more sales than the person who is consumed with doubt and worry.

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8. You are proactive in managing your calendar.

What do you believe about your time? It’s an easy to question to answer. Think about how you used the first two hours of the day yesterday. Did you open email and start reacting to messages? That’s an easy way to become reactive and lose control of your day. Even worse, constant email checking trains your mind to be reactive to other people, rather than act on your own goals.

When you adopt a proactive attitude to your calendar, your business will start to take off. That’s why many of the most successful people in business have morning routines—they get up early for exercise, reading and meditation. Schedule at least one hour a day to work on your most important projects—creating a new product or reviewing your progress on your annual goals.

9. You have a healthy attitude about conflict.

In a business class I took, the instructor once said “never forget that buyers and vendors have different objectives.” That’s true! Competing objectives is one of the sources of conflict. You may also encounter sharply different approaches to work. When you have realistic beliefs about conflict, you can move forward to develop solutions. For the best results, look for ways to collaborate to solve a problem.

  • Do you have employees or contractors to manage? Experts estimate that managers spend 30% of their time working on conflict. If you spend anything like that amount of time on conflict, then it pays to become more effective.
  • To reduce legal expenses, consider using alternate dispute resolution (ADR) in contracts with suppliers and partners.

10. You understand the importance of ownership.

Ownership is one of the most important beliefs in business. In a financial context, maintaining ownership of your company keeps you in charge. Broadly speaking, working with an owner’s mind means that you own your choices. When you take responsibility, you can fully celebrate your victories!

Featured photo credit: Young man with laptop in hand running on meadow with dandelions via shutterstock.com

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Bruce Harpham

Bruce Harpham is a Project Management Professional and Founder and CEO of Project Management Hacks.

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Published on April 16, 2019

How Self Care Can Help You Live Your Best Life

How Self Care Can Help You Live Your Best Life

When was the last time you did something for yourself?

Whether it was deciding to treat yourself with a little something or travel for some R&R, how often do you practice self-care?

Well, as good as above sounds, there’s a common misconception that many of us have about self-care: that it’s only about indulgence and enjoyment.

However, self-care goes far beyond indulgence. It’s actually about respecting your mind and body, understanding its limits, and being able to take care of every part of yourself, in a holistic way.

And, you really don’t have to go to extreme measures or do anything specific–like meditating or following a plant based diet–in order to practice self-care. You just have to make sure that what you’re doing is in your best interests.

So how can you make that happen?

Below are a few proven methods that will help you become a better version of you. Follow through with these regularly and you’ll be well on your way to living your very best life.

Listen to Yourself

The bulk of self-care is knowing yourself.

This means knowing your body’s limitations, and being in tune with your feelings, emotions and thoughts. So it’s important, then, to know who you are and what you want to do in life, in order to truly say that you know yourself. 

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What is your purpose?

Have you ever thought about this question?

Your purpose doesn’t have to remain the same throughout your life. What you found a purpose in at age 19 would likely be different at age 49.

In your current situation, think about the different roles that you have – as a working professional, a spouse, a partner, a parent, etc.

Do you feel like you are fulfilling your purpose through any of these roles?

All you have to do is ensure that what you’re chasing is meaningful to you; this will bring focus and motivation as you strive to achieve your goals.

If you have your purpose defined, then that’s awesome! You know what drives you and why.

But, if you don’t feel like you have a purpose nailed down, it’s good to start by asking why.

For example, why are you working in your particular job or industry? If the reason is vague or unclear, then your motivational energy will be the same. In which case, you may find yourself not having a direction for where you’re headed in life.

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If you’d like to learn more about finding your purpose, then I recommend you check out this article:

How to Get Motivated and Be Happy Every Day When You Wake Up

Seek Out Continuous Education

Now, this may seem less common when you think of self-care, but lifelong learning is incredibly useful and an important component of taking care of yourself.

It’s Super Practical

Lifelong learning is extremely practical these days and does not require as much effort as it may have in the past. Long gone are the days when you could only find information on something by visiting a library. In this day of the internet, anything you can imagine is at your fingertips.

You don’t need to physically go to a learning institution to learn. You can watch Youtube videos to learn new skills, take online courses to earn a degree, and scroll through an endless amount of articles, books and journals from reputable news and informative sites.

When you’re constantly pushing yourself to learn and take up new things, your mental health also improves. Research shows that an active and engaged mind is responsible for diminishing age-related memory loss and improves overall cognitive abilities.

Your Confidence Will Skyrocket

You’ll also have improved self worth as it teaches you to step outside of your comfort zone, which will undoubtedly improve your confidence.

You’ll also connect better with others by expanding your knowledge base. Learning exposes you to a multitude of new ideas and perspectives that you may have otherwise never considered. This also increases your adaptability. Whether it’s at work or just wanting to adapt to society, your peers, and loved ones, life long learning prepares you to take on new challenges.

You’ll Be More Desired in the Job Market

Another obvious reason for continuous education, is that your employability will also increase.

With the ever changing economy, and huge influences from technology, social media, science etc., job descriptions today are moving targets. Assignments and roles change so quickly in response to changing business demands, it becomes a Herculean task to keep a job description database current.

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In years past, stability was a characteristic of the world of work. Procedures, information, jobs, and organizations were established and provided continuity. Education was completed in the first 14 to 22 years of one’s life, followed by a long career occasionally punctuated by short-term job training.

Today, however, jobs, companies, and technology are disappearing and being created simultaneously. To remain current and maintain a competitive advantage in the human capital marketplace, an individual is challenged to continually learn.

People return to school at every age to enrich their skills and knowledge for their current positions. Some even prepare themselves for new jobs or career changes, moving them forward into new opportunities and technology.

We can be assured that we will be challenged to continue to learn new tasks and information throughout our lives. Successful careers belong to flexible, curious learners who are prepared for opportunities because they know themselves and where they make their best contribution. As Peter Drucker, the father of modern management stated,

“Knowledge is choice.”

Lifelong learning also increases social awareness and perspective. To genuinely understand and empathize with others, increase social awareness, and foster strong interpersonal relationships, it’s important to seek out new perspectives. Enhancing the skills that positively impact emotional intelligence can bring even greater happiness and success, both personally and at work; and, this is all part of self-care.

Improve Your Habits (Both at Work and at Home)

Now, the last piece of advice I want to introduce to your self-care regimen, is to improve your habits.

Habits define who you are, and are built up over time. You are what you eat is a great example of this. If you make it a habit to eat foods that nourish your body, rather than make your body feel bad, then you will be much healthier overall.

Good Habits Allow You to Reach Your Goals

Since habits dictate your days and nights, such as waking up every morning to get to work before a certain time, or brushing your teeth before bedtime every night, they play a major role in whether we do or do not reach our goals.

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When you form habits that allow you to progress towards your goals, you’re automatically living a purposeful day, everyday.

Habits Make Your Time a Priority

How do you spend your free time? Do you opt to lounge on the couch watching Netflix passively, or do you engage in activities that support your purpose in life?

It’s natural to waste a lot of time during the day, but fostering good habits will make you set a pattern for how you spend your time and give you the choice of what you choose to spend your time on. By improving your habits, you’ll find that you can be a LOT more productive. When you create good habits, you become more efficient with your time and a lot less is wasted.

This in essence creates an overall positive influence on your life, allowing you to treat your mind and body well, which is why improving your habits are so important to self-care.

Your Well Being Comes First

We live in such a fast-paced society, where we are often so caught up in our work, families, maintaining our social lives, our studies and everything in between. It’s an understatement to say that life can get a little overwhelming at times.

If you’ve ever watched the safety video onboard a plane, you’ll know that they always ask for a parent or adult to put on the safety mask first, before tending to the child. This may sound selfish, but the fact is that if you truly want to ensure the child’s safety, then your safety needs to come first so that you can protect and care for the child without complications from your end.

The same goes for self-care. We need to ensure that our well being is priority, so that we can be the best for the people around us.

Listening to yourself, practicing lifelong learning and improving your habits are steps that you can take to ensure you’re constantly in the best state of mind, alongside the indulgence and rest that you reward yourself with.

Featured photo credit: Photo by Raychan on Unsplash via unsplash.com

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