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Business Tips – From Employee to Entrepreneur – Part 7

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Please note that this pertains to South African Legislation and Best Practice requirements.

So far we have looked at:-
1. The difference between being an employee and an employer;
2. Your Purpose:
3. The People around you and
4. Your Personal Footprint.
5. Knowledge & what you do with it
6. The Generosity of your Spirit
7. The Role of Technology in your Business
8. Self Confidence
9. Creativity
10. Focus
11. Vision
12. Result
13. Networking
14. Leadership
15. Management

Believe it or not there are a whole lot more – today we will explore a few more.

1. Problem Solving
I doubt that there is a single business owner or entrepreneur out there who can honestly say that there is a single day that they don’t have to solve some sort of problem or another. You have to be able to think outside of the box, change your mindset or your perspective and even think laterally. Remember each problem that you solve successfully brings you one step closer to your ultimate goal and your success in the long term.

2. Being Innovative
In keeping with the previous point, all small business owners are innovative in one way or another – yes all of them, even the bookkeepers and accountants. They have to be in order to compete. Each business owner or entrepreneur has to find a ‘different’ way to do things. They each have to make what they offer different to what everyone else offers (and I am not suggesting that anyone does anything illegal here okay!) The more unusual your offering or product, the more likely your company will become valuable.

3. Teamwork
A task/problem shared is a task/problem halved . . . There is nothing truer than that, provided of course that you have the right team in place. Even though every team has a leader, someone who carries the ultimate responsibility and accountability, the reality is that a team where everyone contributes to ‘ideas’ as well as the tasks, works better together. A team where everybody is part of the decision process is stronger as they are all working towards a common goal. Make sure that you have such a team!

4. Strategy
Winning the Lotto is by chance (provided of course that you have bought yourself a ticket). Winning in business is because you have planned properly and you have a strategy in place. Beware that your strategy and planning don’t stay in that stage, remember you need ‘action’ to get the work done and succeed.

Next time we will continue to look at some of the other issues that you will need or be aware of to become a successful Entrepreneur.

 

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