Sometimes the toughest obstacles on the road to success are the ones that are all in your head

Making it in the world of business is no easy task. There are plenty of real world obstacles that you’ll have to overcome before you can truly call your business a success, so why do we create so many extra obstacles for ourselves in our own minds?

Many of us indulge in mindsets and behaviours that are counterproductive to our business journey. But by becoming aware of these habits and making an effort to change them, you can increase your chances of success. Here are 6 ways to improve your business mindset.

Make your goals more specific

When you start your own business, it’s important to know exactly what to say if someone asks you what your goals are. It’s not enough to simply want to ‘make a profit’ or ‘be successful’. You need to have set goals in place which you can actively work towards. These goals act as stepping stones to cross on your road to success, helping you know if you’re on the right track. Without them, you’re more likely to feel demotivated and aimless.

Learn the basics

If you don’t take the time to understand the basics of your industry, you’re making it harder for yourself (and consequentially your business) to advance and grow as time goes by. If you want to make a name for your business, it’s vital that you take the time to learn, and sometimes relearn, the foundations. Think about how, when you watch a film for the second time, you pick up on all sorts of details that you didn’t the first time around. Well, the same logic applies to business.

Seek out a mentor

Nobody gets anywhere without a bit of help and support, so don’t let your pride get in the way of progress. Many people suffer from the notion that success is only valid if you get there yourself, but by thinking this you’re only making things more difficult than they need to be. Even the greatest business minds speak openly about the help they received from mentors when they first started out, including the likes of Bill Gates and Oprah Winfrey.

Don’t care too much about what others think

Being a people pleaser isn’t necessarily a bad thing. Wanting to satisfy those around you is a good trait to have, but don’t let the opinions of others overshadow what’s best for you and your business. No matter what you do, you will never please everyone, so don’t let the opinions of others dissuade you from taking a course of action which you feel is right.

Manage your time

If you ask any entrepreneur what they wish they had more of, chances are 90% of them would say time. Once you start to find success, it will feel like there simply aren’t enough hours in the day. This means that it’s up to you to manage your time effectively. Create regular to-do lists and ask yourself which tasks are top priority.

Never stop learning

One of the most dangerous mindsets for business owners to get into is thinking that you’ve already learnt everything there is to know about your business. The world of business is constantly changing, and you have to stay on top of these changes by keeping your mind open to new information. Even if you’re a veteran in your field, no one is above discovering something new.

 

Got a business idea you’d like to get off the ground? Let TEDCO Business Support give you a helping hand. Call our team today on 0191 516 61 02 or email us at enquire@tedco.org.

Success Stories

“With the Virgin StartUp loan in place to fund the renovations and equipment, I am now absolutely delighted to be able to start welcoming the first visitors to Inclusion Archery. I hope it provides a new facility for budding archers to give the sport a try.”

Steve Ward - Archer, Entrepreneur

“TEDCO helped me strengthen and tighten up my ideas into a robust business plan. They remained a positive voice throughout. Their support gave me the confidence that I needed to push on, secure the vital funding through Virgin StartUp and turn my dreams into reality.”

Simon Laing - Cullercoats Bike & Kayak, Entrepreneur

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TEDCO offers one-on-one support provided by a dedicated team of business advisors and a range of pre start seminars available to clients who are taking the first steps into self-employment. This could be looking at an initial idea and developing it further, looking at how to start a business plan, business competitors, business marketing.

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Business owners must be at least 18 years old

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Businesses must be UK based

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Businesses must have been trading for less than 2 years

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