The Mental Aspect Of Growing Your Small Business

Posted by Karen Erdelac on Aug 3, 2020

The Mental Aspect Of Growing Your Small BusinessStrategy and tactics will only get you so far. Being on your mental game is vital to the success of your small business. Being able to think clearly, control your emotions and keep a positive eye toward the future will have a greater impact on the growth of your business than most strategies or tactics ever will. Conquering the mental aspect of owning and growing a small business can be challenging. 

Maintain A Positive Mindset

If you maintain a positive attitude, this will be infectious and those around you will pick up on your positive energy. Everyone in your company will feel positive and customers will want to do business with you. This in turn will lead to you maximizing the performance of your business.”

A few tips:

  • Remember Your Purpose
  • Change Your Focus
  • Look at Your Goals
  • Talk to a Mentor
  • Take a Break from Social Media
  • See Others as Motivational
  • Look Back at Your Progress
  • Move On from Failure
  • Avoid “What Ifs”
  • Be Happy When You Work
  • Keep A Sense of Humor
  • Exercise
  • Stay Open Minded
  • Stay Flexible
  • Be Proactive

Practice Future Thinking

Futuristic thinkers have the ability to look past the events of today and into the possibilities of tomorrow. They can visualize compulsory new ideas about customers, products, services, strategies and business models.”

How to become a forward thinker:

  • Unify your team around goals tied to one vision
  • Branch out and learn from other organizations
  • Take risks, kick tires, and experiment
  • Abandon control
  • Read and watch
  • Set aside time for forward thinking

Take Calculated Risks

Successful entrepreneurship involves taking risks. If you don't embrace risk-taking, you may want to rethink being a business owner. Countless entrepreneurs have taken risks to get their businesses to where they are now. Taking risks, however, does not mean going into business blindly and then expecting great results.”

How to take calculated risks:

  • Do Lots of Research
  • Anticipate Mistakes
  • Set Checkpoints and Goals
  • Be Willing and Ready to Pivot
  • Learn to Love the Word “No”
  • Jump When the Water Feels Good

Growing a small business takes the right mindset, and the proper financial backing.  Learn how Quikstone Capital can provide the funding you need to make your business grow.

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Topics: Small Business