It
is a presuppose expectation of all entrepreneurs to record optimum success
possible during a given business cycle but ironically, the fact remain that
those that fail along the way may not necessarily conceived failure
intentionally. However, for every successful business owner there must be
underline tenets observe by the owner to attain the success achieved. Hence,
base on my practically observable experience, the following tenets if adopted
by new entrant and existing business owners can lead one to obtain plausible
successful result in the business world.
The
identified tenets include the following:
1.
Anchor
your operation in line with your vision
Vision
is eternal, it is one of those powerful invisible sense of possibility that
preceded any visible achievement attain by man. It is a source of internal
light to lighten up the darkest moment of all activities. If your business is
anchor on the vision you have hence you are better off because this will
propelled you to broaden your objectives, see and perceived all challenges as a prospect, overcome
challenges and channel new course for success attainment
2.
Develop
and adopt a SMART objectives
Setting
objectives help to set target and goals to be achieved. Hence, it is good to
note that any business objective set that is not SMART is likely to result to
business failure. In this case
§ S
which stand for specific i.e. specific about what is to be achieved
§ M
which stand for measurable : the objective must be tractable and measurable
over a specific period
§ A
which stand for Achievable: business objectives set must have possibility of
being achievable
§ R
which stand for relevant: it is good to note that the business objectives
should be relevant to spear head the
identifiable and listed target
§ T
which stand for time based implies that objective stated must have start and completion
date
- Have desire for success attainment
The
road to business success is never smooth and handsomely free from hitches and
hiccups but one of the mechanisms that can help individual is to hold on to
self desire for personal actualization. A good personal desire back up with
unshakeable determination will go along way to make entrepreneur successful
- Back up one desire with unshakeable determination
Desire
may arise as a result of mere want but in the presence of multifarious problems
that can shatter business success desire, the only thing that can help in this
case is the ability of the entrepreneur to live above it challenges and create
more prospect from that problem but this required undoubted selfless
determination to succeed
- Sacrifice now to inherit the future
Although
the benefit or dividend of entrepreneur is multidimensional i.e.
it might be short, medium or long-term benefit but hence, expectant successful
entrepreneur should not be too concern about the benefit of the moment but
trading the sacrifice of the moment to harness bountiful benefit later in
future. Most of intending successful entrepreneurs’ trade off the benefit of
now to plan, build, rebuilds to fortify the future benefit
- Learn from your mistakes and from experience of others to set and reset your business goals
The
trip to achieve success by entrepreneurs is a journey and the business highway
is never too smooth without bumps i.e. in an effort of achieving business
breakthrough some non avoided errors are committed either by one or similar
colleagues in same or different line of business. Hence, what matters is not
the error committed but the ability of the so called entrepreneurs to use the
situation to create more opportunities and business prospect for self
advancement
- Be careful of false mentor and unworkable business philosophy
Adoption
of other peoples strategies cannot be totally eradicated and invalidated in
business but this must be carefully handled. As a result of series of
challenges posed by entrepreneurial activities, many people take advantage of
this to fathom series of philosophy, teaching, models and theories and several
laws on the pretence of assisting their victims of solving their business
challenges and snags but indirectly paving ways for their own economic
attainment. Mentoring is part of learning process but be the best mentor for
oneself is the most efficient. Hence, one need to understand that what works
for others might not work in your own case. “It is good to note that most of
these false mentors are not practicing entrepreneurs but business motivators
and campaigner who lack basic practical knowledge of business intricacies”
Fashioned
out and develop your own appropriate methodology that could grant you
measurable success in what you are doing is most important but avoidance of
these false mentors and business philosophers but not practicing entrepreneurs
would go along way in helping you realize your dreams as entrepreneurs
In summary,
expect the worse: do not be scare away from challenges, remember the more
problems you face and solve the better you are as entrepreneurs. A successful
entrepreneur in making never deter away from worst expectations but what
matters is to take advantage of the situation to create more business prospect
capable enough to open doors to laudable opportunities
Send
your opinion, question, inquires, consultation, and problems to: slybizinfobank@gmail.com or syolanconglomerate@gmail.com
