How to keep your eye on the prize even when all signs suggest otherwise

Running a business is not as easy as people would want it to be. Each day poses is a new challenge that the business owner should overcome. How one handles these challenges is what really matters. By graciously increasing focus on the positive, the business owner will start to even the balance. They will find a happy medium where one can discourse downfalls and threats without letting them get the business owners down, leaving them more motivated, dynamic and likely to achieve their goals.

Here are a few tips to help the business owners remain motivated:

  1. Self Motivation

Being a self-motivated individual is by far the greatest things that one can be, especially when it comes to running a business. The right attitude comes in handy as this will make you see things differently. How you see yourself will reflect on your business. If you think that your business will fail, there is a high chance your business will fail. The people you surround yourself with will greatly influence you as a person. When it comes to running a business, if you take in everything people say; especially negative criticism, you will be demotivated to continue and your business will surely fail. As a business owner, you should know your strengths and weakness and act accordingly. Without self-motivation, a business has a higher chance of deteriorating.

2. Challenge Negative Thoughts

About 90% of the thoughts we have tend to be useless. Will I afford the rent, Will my trusted employees leave? Am I doing something wrong? Will my business fail? Are my receivables going to be paid?

Our brains tend dwell on negative events, making them seem enormous and more powerful than they actually are. As a business owner, you should fight that, Entrepreneurs must take risks in order to grow. In case the risks don’t pay off, they should be considered as learning points. Mishaps will always occur in the course of running a business. Mistakes toughen entrepreneurs and instill grit in them; useful for development.

Afterwards, challenge negative thoughts that are unreasonably self-deprecating. For example, if your startup business does not evolve as you hoped, you might think, “I’m a flop.” That’s untrue and unproductive. Instead, process solving the same event differently. Over time it will become natural and negative thoughts will be less likely to stifle your progress. This habit needs patience & practice.

3. Get Help if Need be.

No man is an island. You don’t have to do everything by yourself, even if you are a sole proprietor. Entrepreneurship is broad; it constantly changes. and keeping up might be a challenge.

Seeking help does not mean you are unable execute your duties, no. If you are determined about your business success, then find a mentor, a business adviser or a coach to model you down the suitable path. You will get a different mindset & perspective genuinely ease your path to success. This will in the long-run motivate you to work even harder as you will have a reference point in different instances.

4. Recognize Success is Not Continuous

Running a business is more of a marathon rather than a sprint. Each season has its ups and downs, its smiles and frowns. You ought to acknowledge each discovery on this journey without being discouraged when things do not go according to plan.

Each business experiences different hitches, drawbacks, makes transitions and evolves. There is no need in getting enraged when your plan goes off course, your proposal is rejected or you don’t hit the expected profit margins. If you take delight in the journey willingly, you will find motivation in all junctures.

5. Have a Strategy

Competition can really distress a business owner. You must keep on analyzing your competition and finding ways to out-do them. Mimicking them might not be productive in your attempt to be dorminant.

Competition can really distress a business owner. You must keep on analyzing your competition and finding ways to out-do them. Mimicking them might not be productive in your attempt to be dominant.

6. Find a Mentor or a Business Network

Entrepreneurs tend to face similar challenges. If you remain alone, the entrepreneurship journey may be extremely difficult. A mentor guides your direction while a business network ensures you have sufficient contacts for support or even business. Don’t do life alone. It is for this reason that ISBI Institute has most recently formed an Alumni association aimed at improving the networks of all entrepreneurs who pass through the ISBI programs.

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Mastering private enterprise.

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ISBI @ Strathmore Business School

ISBI @ Strathmore Business School

Mastering private enterprise. www.isbi-kenya.org.

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