Tag Archive | Delegate Duties

What To Expect In Your First Year Running Your Own Business

entrepreneurial-musclesThe nature of being an entrepreneur is such that you are probably good at thinking on your feet. You are creative, inspiring and self-motivated. To succeed, you need to have confidence, perseverance and a great deal of patience. All these things aside, life will always have a surprise for you.

It is impossible to be prepared for every eventuality of every possible situation not least because it would take a supercomputer to calculate all of those variables. Besides, this is the real world after all, and it can be strange sometimes. Dealing with people is always unpredictable too.

The idea of setting your course and starting a new business can be daunting. You have to worry about the economy, about the strength of your idea, and about securing funding for it. Supposing you are successful, you then have to worry about maintaining that success. It will never be without its setbacks, but some are more predictable than others. Here is a list of three things to be aware of before you take the plunge:

Learn the dynamics of business

Murphy’s Law states that if something can go wrong, it will. This also goes for things breaking. Whether it is some important equipment, or your computer on the morning of a pitch meeting, or worst of all, your car, you will need to fix them right away. To be prepared just remember not to get too stressed out.

Things break. That is what happens. Hire someone to fix it and move on. If you want to save some money and you know a little something about whatever has broken, you might think about sourcing parts yourself from companies like digsemi. That way, you won’t be at the mercy of sometimes merciless contractors.

Understand Customers

Second, forget any notion you had about the reasonable nature of customers. All you need to do to be disabused of your illusions and find someone who worked as a Christmas temp when they were young. They will tell you that customers can be rude, demanding, petty, insulting and even threatening.

However good your customer service skills might be, the reality is that your patience will be tested to the limit. It will not be long into the first weeks of your new business when you will want to slam the phone down on a customer. Don’t. Take a deep breath and keep going. Next time you will be more prepared.

Delegate;

Third, it is crucial that you learn to delegate. When you start a new business its initial energy will be the ambition with which you infuse it. As it grows it will at some point become something that you cannot run alone. You have to trust others to take care of the thing that you raised and have loved. It is a difficult lesson to learn, but once you master it, you will find that it was to your own benefit and the benefit of your business.

Your first year will probably be difficult, but like everything else, the more you do something, the easier it will get. The world of business is no different.

 

Entrepreneurs Need A Break Too!

work-from-home

Everyone needs a break sometimes. We all need some time to relax and also need time to allow ourselves to take the stress off, away from our busy lives. Whether we need a break because of work, because of difficult personal situations or simply because we are feeling worn out and think a break would do us some good, it is important that we do take the time to relax and free up our minds.

Relax Your Mind

This goes for everyone from all walks of life, and the people that do need to realize they need to take a break more than others sometimes are people who are entrepreneurs. The majority of entrepreneurs are very busy people, with minds so finely tuned to their business idea that they can even find themselves dreaming about their business while they are asleep!

However, entrepreneurs do need to take a step back from their business every once in a while and need to try to reconnect with the aspects of life that they enjoy doing in their free time.

Balance Life

This can be quite difficult for a big chunk of entrepreneurs, though, and it is understandable why they feel the need to work so much and for so often. They have developed an idea they had into a fully formed company, and as a result of this, they will be (or should be) constantly thinking of different ways in which they can further develop the company in terms of expansion, profit and various additions that could benefit the company.

Delegate Duties

All of these aspects, though, can eventually be very stressful when they are constantly on someone’s mind. Also, if an entrepreneur has got a number of employees within the company, tasks can be assigned to them which can take the pressure off.

If the boss (entrepreneur) has ideas of how to improve the social media use of the company, assign the task to the marketing or social media executive. If the boss wants to improve employee morale or amend workloads, assign the task to a manager or supervisor.

If financial amendments need to be made, hire a professional firm to help – if doing this, it could be useful to have a look at bswllc.com. If a rebrand is desired, assign the task to the design team or even hire a third party.

When it is time to take a break and relax, it is a vital component that the free time you have is used well and that you allow yourself to enjoy aspects of life that you have either not been able to, or have had to neglect because of your business.

Visit New Places

It could be a good idea to travel outside of your home location to enjoy your free time, somewhere where you can become totally distracted by what is going on. If you stay around the area you live, or where your business is situated, there is a possibility that you could become drawn into thinking about your business and won’t be able to enjoy your free time at all.