For many first-time entrepreneurs, there will always be setbacks. In fact, at times, it may feel like all of your day-to-day operations revolve around handling various obstacles and roadblocks that are constantly preventing you from reaching your overarching goals. While of course these challenges can be difficult and down right disheartening, do not give up! In the world of entrepreneurship, these hardships are, believe it or not, normal. But the biggest challenge you will face each and everyday with your business is to constantly stay motivated and confident in your decisions and your abilities as a boss.
Now every successful business leader can attest to their own personal anecdotes about the ups-and-downs and delicateness of running a business. In fact, many of which have even questioned their own selves of who they are and what they are capable of as a CEO. While doubt can definitely spark uncertainty and fear, it can also play a positive role with the idea of reflection. When reflecting, you are not just thinking about yourself, but every element and every factor that is impacting you directly. To be a true leader and a successful business owner, you need to take that holistic mentality of evaluating your own personal and professional flaws in order to develop and grow for the betterment of your company. In fact, communicating these thoughts can reveal your own personal values and visions of what got you started and where you want your business to be within the next year, five years, ten years, or twenty years down the line. Because of this, I would advise you not to strive for perfection. Instead, strive for excellence. And the only way that you can do that is comes from within.
To start, begin by reminding yourself of ‘why’ you decided to open your business. For many entrepreneurs, you did not just wake up one day and say to the world that you wanted to be a CEO. Instead, your reasoning came from a single idea, a single goal. For some, it began with a problem. For others, it started because of a passion. Whatever your reasoning is, reflect on that. Knowing ‘why’ you started is an excellent way spark motivation and inspiration to keep on going.
Once you have complied your reasons for what got you started, reflect on your success. This can be a strong financial backing or the overall growth of your company. No matter what fact you pick, you have to remember that you have already seen success. The idea of remembering what you have already accomplished dictates that you can and will be successful. To aid this, consider the road bumps that you have faced and how you were able to overcome them. Not many people, especially within the entrepreneurial field, could have handled the situation like you did. Note those moments and internalize the positive impacts those moments have made for your company.
After your reflection process, you want to of course complete this with some type of strategy. For many entrepreneurs who are doing this, they are usually trying to figure out a particular solution that can help alleviate some of their problems within their company. At times, this requires you to go back to the drawing board and revising and reevaluate your business plan. Be sure to leverage that reflection period to optimize and perfect any holes you were able to see that can improve your company’s status today.
Now, one of the last pieces of advice that can help build your confidence is of course learning to say no. As a novice entrepreneur, it can be easy to just go with the flow and test various ideas to help hit that viable market. As great as those moments are, you have to understand that if you want to grow, you need to put specific limitations on your company and yourself. Not everyone will be pleased with your stance, but that is the best for the business. Having that type of balance can prevent you from overworking yourself or overspending.
Now the last thing I will say is that it will always be easy to be confident when you total control of the day-to-day operations. But it becomes very difficult to keep that confidence when you have to take whatever hurdles that your business with throw at you. Do not be careless. But do not be too careful either. To overcome that fear will and forever give you the power to assume control when the odds are not in your favor. If you find that this is overwhelming you, seek out help from a family member, a mentor, or a friend. Expressing your thoughts and concerns will be the first step to greatness.