Life Lessons that Every Business Should Know
March 25, 2014 11:55pm CST
Whether you are a start-up or a veteran entrepreneur, chances are you know how it’s like to be out there in the market. Every day can be a struggle to be seen and heard and possibly even beat the competition. And even if your business have succeeded and you’re reaping the benefits of your success, it doesn’t mean that you stop learning. There are still things that you as a businessman should know. Here are a few life lessons on success, personal growth and hard work, which we all can learn from. Handpicked from successful entrepreneurs who have imparted their experience and knowledge, these valuable lessons are sources of inspiration not just for businesses but to people who want to achieve the same success in life. Have a clear vision – as a business owner, it would help to have a clear vision on what you want to achieve in the long term. A lot of start-ups fold just after a year or two because they lack the foresight to achieve their business goals. Thinking ahead will greatly help you manoeuvre your business towards where you want it to be ten or twenty years from now. At Flat Planet, we are guided by our principles of creating a better future for both businesses and professionals by providing access to high value virtual talent. This is our vision that defines us as an organization as we strive to look ahead and anticipate whatever challenges may come our way. Never overpromise – it’s understandable for start-ups to fall under this trap – overpromising to customers in the hopes of impressing them to close the deal. More often than not, businesses that overpromise end up failing to deliver what was expected of them. The best practice among business leaders is to underpromise and overdeliver than to overpromise and underdeliver. Explore possibilities – look for better ways on how to improve your business. Do not settle for something that already works or is generally accepted. Sometimes pushing the envelope can lead to better things that can possibly put your business on the map. Know your weaknesses and improve – even a successful business has a few weaknesses. Study your business processes and look for loopholes that prevent you from achieving your objectives. It’s perfectly all right to make mistakes as long as you learn from the experience. Once you know your weaknesses, make the necessary adjustments and focus on turning these hindrances to possible strengths. Be a risk taker – Stepping out of your comfort zone can do wonders, especially when it comes to coming up with business strategies. Risk is always a factor when achieving success. Successful leaders often fail many times before they made their accomplishments. So don’t be afraid to take a few risks. If you fail, you can always get back up and try again. Taking risks is definitely something that Flat Planet is familiar with. Building a business offshore and becoming a part of the outsourcing industry was a risk that not many businesses are willing to take. However, because of our dedication to provide equal access to global talent, we have pushed boundaries and continue to do so to support our vision of building a better community. Use these words of wisdom as your guide in improving your business and for personal growth. As the saying goes, “There is a difference between knowing the path and walking the path.” While hard work and determination are often essential in achieving goals, the choices you make will be the defining point of your success.