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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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Last Updated on May 7, 2021

Productivity Boost: How to start your day at 5:00 AM

Productivity Boost: How to start your day at 5:00 AM

I have been an early-riser for over a year now. Monday through Friday I wake up at 5:00 AM without hitting the snooze button even once. I never take naps and rarely feel tired throughout the day. The following is my advice on how to start your day (everyday) at 5:00 AM.The idea of waking up early and starting the day at or before the sunrise is the desire of many people. Many highly successful people attribute their success, at least in part, to rising early. Early-risers have more productive mornings, get more done, and report less stress on average than “late-risers.” However, for the unaccustomed, the task of waking up at 5:00 AM can seem extremely daunting. This article will present five tips about how to physically wake up at 5:00 AM and how to get yourself mentally ready to have a productive day.

Many people simply “can’t” get up early because they are stuck in a routine. Whether this is getting to bed unnecessarily late, snoozing repetitively, or waiting until the absolute last possible moment before getting out of bed, “sleeping in” can easily consume your entire morning. The following tips will let you break the “sleeping in” routine.

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Relocate your alarm clock.

Having an alarm clock too close to your bed is the number one reason people simply cannot get up in the morning. If your alarm clock is within arms reach of your bed, or if you can turn your alarm clock off without getting out of bed, you are creating an unnecessarily difficult situation for yourself. Before I became an early-riser, there were many times that I would turn off my alarm without even waking up enough to remember turning it off. I recommend moving your alarm clock far enough away from your bed that you have to get completely out of bed to turn it off. I keep my alarm clock in the bathroom. This may not be possible for all living arrangements, however, I use my cellphone as an alarm clock and putting it in the bathroom makes perfect sense. In order to turn off my alarm I have to get completely out of bed, and since going to the restroom and taking a shower are the first two things I do everyday, keeping the alarm clock in the bathroom streamlines the start of my morning.

Scrap the snooze.

The snooze feature on all modern alarm clocks serves absolutely no constructive purpose. Don’t even try the “it helps me slowly wake up” lie. I recommend buying an alarm that does not have a snooze button. If you can’t find an alarm without a snooze button, never read the instructions so you will never know how long your snooze button lasts. Not knowing whether it waits 10 minutes or 60 minutes should be enough of a deterrent to get you to stop using it.

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Change up your buzzer

If you use the same buzzer day in and day out, you begin to develop a tolerance to the sound. The alarm clock will slowly become less effective at waking you up over time. Most newer alarm clocks will let you set a different buzzer tone for the different days of the week. If you change your buzzer frequently, you will have an easier time waking up.

Make a puzzle

If you absolutely cannot wake up without repetitive snoozing, try making a puzzle for yourself. It doesn’t take rocket science to understand that the longer your alarm is going off, the more awake you will become. Try making your alarm very difficult to turn off by putting it under the sink, putting it under the bed, or better yet, by forcing yourself to complete a puzzle to turn it off. Try putting your alarm into a combination-locked box and make yourself put in the combination in order to turn off the alarm — it’s annoying, but extremely effective!

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Get into a routine

Getting up at 5:00 AM is much easier if you are doing it Monday through Friday rather than sporadically during the week. I recommend setting an alarm once that repeats everyday. Also, going to bed at about the same time every night is an important factor to having a productive morning. Learn how much sleep you need to get in order to not feel exhausted the following day. Some people can get by on 4-6 hours while most need 7-8.

Have a reason

Make sure you have a specific reason to get up in the morning. Getting up at 5:00 AM just for the heck of it is a lot more difficult than if you are getting up early to plan your day, pay bills, go for a jog, get an early start on work, etc. I recommend finding something you want to do for yourself in the morning. It will be a lot easier to get up if you are guaranteed to do something fun for yourself — compare this to going on vacation. You probably have no problem waking up very early on vacation or during holidays. My goal every morning is to bring that excitement to the day by doing something fun for myself.

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As I previously mentioned, I have been using these tips for a very long time. Joining the world of early-risers has been a great decision. I feel less stressed, I get more done, and I feel happier than I did when I was a late-riser. If you follow these tips you can become an early-riser, too. Do you have any tips that I didn’t mention? What works best for you? Let us know in the comments.

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