Two of the focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. When you become an entrepreneur, it will become very important to hit on all cylinders so that your maximizing your full potential. The following contributed post is entitled, 7 Ways To Reach Your Full Entrepreneurial Potential.
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Reaching our real potential life is a sore spot for most people. Each and every one of us can do something great in our lives. However, whether or not that capacity is reached depends on us! Beyond excuses, setbacks, and struggles, taking the initiative to begin reaching your full potential takes hard work. If you’re wondering how you can achieve your full potential as an entrepreneur, here are 7 points to think about.
Aim High
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The issue with aiming low as an entrepreneur is that you can either expect that what you’ll achieve your goal or less than this. Therefore, if you intend to only breakeven at the end of your first year in business. You can expect that your efforts will either help you to achieve your aspiration. Or worse, help you to accomplish less than this. To maximize your full potential, aim high with your business goals. This will prevent you from limiting your capabilities and stretch your comfort zone, enabling you to strive for better results. Stepping out of your safe zone is the only way you’ll ever know what you’re truly capable of achieving.
Practice Resilience
One thing you will never, ever avoid as an entrepreneur is setbacks and failure. It’s part and parcel with the occupation, and so it’s something you need to get used to. Although it may seem in the moment as though the prospect of running your new venture is crumbling, you must focus on the positives. Successful business people see issues as opportunities, failures as a chance to show themselves and the world what they’re made of. Until you start getting back up from your setbacks, you will never reach your full potential as an entrepreneur. Your resilience levels will remain the same, and your personal growth will suffer too.
Don’t Get Comfortable
This section ties in with aiming high. If you aim low to achieve a set goal, and you produce it, you may think its an opportunity to take your foot off the pedals and cruise for a while. After all, you’ve reached what you set out to achieve, so what more is there to do. Maintaining a small perspective of success will only stunt you from reaching your full potential. Don’t stop trying and working just because you’ve surpassed your competitors. Or because going further fills you with fear, or because you’re not sure about where to go next. Start carving a new path and new goal to accomplish, even if it seems impossible.
Invest In Your Biggest Asset
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You, as the entrepreneur, are the biggest asset and so you must grow and learn continuously. There is an abundance of resources out there at your fingertips. However, not many entrepreneurs are utilizing these and remain stuck in their old ways of thinking. With an ever-changing world and business sphere, you must change too. To bring innovative ideas and to find new ways of doing things and new ways of helping others through your business. If you stay stagnant in both knowledge and experience, you will not reach the potential of becoming a great business person.
Think About Your Values
It’s incredibly essential to inspire self-motivation, particularly when we’re feeling down or exhausted. A more efficient way of becoming motivated against the odds is to create a business that matters. This requires assessing your values and what matters most to you as an individual. For instance, Cynthia Telles invests some of her time and effort into Operation Splash, to help disadvantaged communities swim or learn how to become lifeguards for free. This is a project that allows poor communities to improve their skills, but also to save other people’s lives too. Another example of a venture with meaning is a property developer that seeks to create more than just housing developments. For instance, the intention behind the architecture they choose to sell to the working-class could be to create a visually pleasing and safer community. Once you know your values, you can create a purpose thread throughout your entrepreneurship. This will give you unrivlled motivation and perseverance through tough times as you attempt to pursue your purpose.
Develop A Routine
There are habits in your existing routine that you do on autopilot every day. Whether making breakfast or driving your car. After practicing these for so long, they become ingrained into your brain that you know longer have to really put any thought into them. To reach your full potential as an entrepreneur, you need to create consistent healthy and smart habits. From waking up early every morning to go to the gym and start work while the house is peaceful and the children are asleep. Or blocking out your working week, a week in advance, with networking events, sales calls, and segments for learning and development. Creating a routine is what will get rid of the worry anxiety of ‘what should I do now.’ Above all, it saves you wasting time and shall allow you to reach your full entrepreneurial potential.
Self Love
You are your company’s biggest asset. You’re the ideas and the leader that shall lead your concept to creation, and so nurturing you is essential. From what you eat, the amount of sleep you get, to socializing and connecting with loved ones, it’s vital to take care of your physical and mental health. In doing so, you will have the strength, creativity, and willingness to return to your business fighting fit each and every day. It can be as simple as scheduling routine exercising to keep active and endorphins flying. But also to prioritize healthy eating and plenty of water over eating takeaways. Failing to prioritize your mind and body, will eventually impact your entrepreneurship. So be the best you can be, and take care of yourself.
Reaching your full potential and as an entrepreneur doesn’t just happen. It takes a conscious effort to implement the above. To make sure you’re making the most out of each and every day. To make sure you are allowing yourself to grow as an individual, and to seek business opportunities that hold value.
