Physical health – Working on your fitness will help you stay healthy and fend off any sickness that could prevent you from working to drive the business forward. Fitness is also great for improving your mental health through the release of endorphins which are produced by the body to relieve stress and pain.
Diversity – Learn to develop a range of skills because in the beginning, you will be responsible for covering multiple aspects of the business including; customer service, admin and sales. Specialising in one area won’t cut it.
Calculated risk taker – Risk equal’s reward. It’s true but you need to be careful that you don’t take a risk that is going to sink you and the business. Instead, you need to become good at taking calculated risks without becoming too risk-averse. This means that you need to analyse the data available to you to inform your decisions and reduce the chances of something going wrong. As mentioned, try to avoid paralysis by analysis.
Visionary – There multiple methods you can use to improve your idea generation and create a stronger vision for your business. Some of these can include; reading, travelling, meditation and socialising.
Determination – Overcome adversity and push through the biggest challenges to find success. Becoming focused on your idea and being determined to make that success will improve the chances of success in all scenarios. If you chase two rabbits, you catch none. Hone in on one idea and be determined to make that a success.
Passion – Having a passion for the work you do makes everything a lot easier. Passion helps you to push past the low points and provides you with the determination to make your idea a success. As they say, “If you do what you love, you’ll never work another day in your life”.
Growth mindset – In Carol Dweck’s book ‘Mindset’, she focused on the difference between a fixed and a growth mindset. Having a growth mindset will help business owners thrive as they seek knowledge to further develop the business. In a fast-moving world, keeping up with advances in technology and changing behaviours could be the difference between success and failure.
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