success people

In these challenging economic times, it’s tough going for many, small Businesses and households alike are experiencing it. Budgets are stretched to the limit!

If you are a small Business operator it’s very likely you are facing increased pressure to maintain profitability and sales and attract product growth. Not an easy task!   

The key is what to do to survive these difficult times. 

And there are those, you may be one of them, Businesses that are making it work. 

It’s been said before, ‘successful people find a way through tough times’! 

But more importantly the question is, 'how do they do it'!  

Google ‘successful businesspeople’ and the word ‘entrepreneur’ appears, and with that certain characteristics and traits to describe them. Many enjoy huge success, and they are to be applauded for what they have achieved.  

If you are a small Business operator you will probably recognise yourself with the same traits and qualities. You too are to be applauded. You may be one of the everyday small Business owners enjoying the success of running a healthy Business that supports you, a family and Team.   

Traits of successful Business people include 

    • Effective Communication skills:- open, active listening, seek and take feedback 
    • Adaptability & flexibility:  in thinking and actions, embrace change and challenges as opportunity 
    • Initiates ideas and action orientated to achieve outcomes
    • Positive mindset: optimistic, self-confidence & motivation – belief in self, others and take action 
    • Strong leadership – leads by example, rolls up sleeves, make the hard decisions 

  

Finding a Way through! Here are 8 Ways to consider

    1. Flexibility & Adapting 
    1. Sound Business practices 
    1. Technology   
    1. Marketing mediums 
    1. Communication  
    1. Value people 
    1. Mind-set 
    2. Action orientated
    • Flexibility & Adapting – this is about being open to and making changes in any areas if needed. Includes revisiting all aspects of your operations, review of Business model, products, pricing etc. Seek professional guidance if required. 
    • Adopt sound Business practices – implementing solid accounting principles builds a strong foundation for financial activities, providing transparency of cashflow and business health. Blackburn Accounting is experienced in providing these services. 
    • Technology explore opportunities – automation, AI, the latest equipment or cost and time-saving methods, investigate how your product or service may benefit 
    • Marketing – social media activity is a must. Explore platforms and mediums to get your presence, Brand and products out there. 
    • Customer Experience – make it memorable for all the right reasons. Provide personalised service, a friendly environment, along with warm greetings and don’t forget quality service and products. Be open to and welcome feedback. 
    • Communication – encourage open, honest conversations, discussion and debate. Engaging in meaningful ways, whatever the medium.  
    • Value people – your Team, employees and your customers, existing and potential.  Respect is the foundation of healthy relationships.  
    • Mind-set – optimism, belief in self, others and having and sharing your vision. Think you can, see the glass half-full! 
    • Action orientated - be open to new ideas, and thinking. Initiate follow through and action to achieve results.