Maintaining your Entrepreneurial Spirit

Did it ever occur to you that you are trying to get to the goal of business zenith without actually understanding your reality? Well, as an entrepreneur you probably have better things to worry about than go onto a philosophical tangent! But, the truth of the matter is, often we entrepreneurs fail to see the big picture in our quest to achieve success.

There is not one way of doing business right. Everybody has their inherent talent to bring into the picture and use it to benefit the business. That said, what still remains to be an undisputed reality is that without taking care of what is most important to the business, you are not helping yourself — let alone your business.

If you still don’t know what we are trying to stress here, let’s cut the drama and get straight to the point! To do business and to get profits from it you have to set your priorities right. This means you have to stop and take notice of what you are capable of doing. This is possible only when you know what limits your abilities. After all, we are all humans and we do need to recharge our batteries every now and then to get things done.

Here, we are not trying to imply that you are not capable of doing what you are set out to do but, simply trying to reiterate the fact that conserving energy is important to you as well as your business’s growth. While this statement does not give you a practical step by step approach to how you can save your energy, the next few paragraphs will tell you what you can do to achieve this goal.

First, analyze your strengths. Does this advice sound familiar? We are sure it does, for the single point of focus of business education is to make the student realize this very aspect. Well, now it is time you follow this advice. It is true that you are the boss of your company and you enjoy that position as you have what it takes but let’s face it, you are not an expert in everything you do.

There are people in your company who do what you do better than you. Then, why not save your energy and focus on things that you are really good at doing? This way you get to do what you like and at the same time don’t feel drained at the end of the day. The result, if your business needs attention even at an odd hour, you are there just like a good entrepreneur.

Let’s say marketing is your forte and you are not that great with finances. Knowing this, if you still push to pursue goals that are foolish, you are going to be at the receiving end of loss or pilferage. Instead, if you take complete charge of the marketing department and leave the accounts department to the experts, think about the time you will be saving not to mention the energy to carry on with other challenging activities all throughout the day.

Where most entrepreneurs fail is in drawing the line. They think they have achieved a lot so far, so doing that extra bit should not be much of a trouble. However, reality works differently. Although an entrepreneur by definition has the ability to take charge of the situation no matter how grave it is, there are times when he burns out, in other words uses all his reserves to pursue the impossible.

One advice given to all businessmen regardless of their position is to trust their employees and co-workers with some of the tasks. An entrepreneur is a manager of sorts and as a manager it is his call to delegate authority accordingly. If he fails at this task he cannot be called an able manager.

Delegating authority has several benefits for an entrepreneur. One, it makes his job of managing an entire company easy. Two, it is an approach that makes sure company resources are utilized optimally by the company’s best. And, three giving responsibilities to others will encourage them to perform when the spotlight is on them.

As the company grows, there are a few key players managing the process. This excludes you because your job is not only to be a part of the process but also to oversee the operations. Therefore, you are that person whose job is to also make sure that everybody on your team is happy, satisfied and contented with the kind of responsibility you have entrusted them.

Being an entrepreneur is thus a job that holds great importance in the context of your company’s growth. That is because after a certain point, your company is not yours anymore. It is the result of collaborative efforts put towards the direction of targeting sustainable growth.

So, now does all this information add up? If you are still not sure of what we are trying so hard to convey here, don’t worry because in this blog we are trying to drive a very strong point home. A point that is often ignored and often misunderstood for something else. This blog is dedicated to entrepreneurs who want to adopt a smarter approach to managing tasks and keep the entrepreneurial spirit going.

And, one way to do that is accept reality as it is and preserve what is important and not what is presumed to be important. Your energy and how you channelize it to get what you need depends on how well you use it. This includes understanding from close quarters what your abilities are. In fact, this applies to your personal life as well.

Some of the many successful people in this world have managed to support their family by being present when their presence was actually needed. As a businessman, you should know one thing and that is there is no greater power than the power that is vested in you. If you are not careful in utilizing it, you can fall flat on your face and achieve zero results in life. So, make your business a part of your existence and not the other way round!