Five ways to become a Successful Entrepreneur

1. Delegate

In the early days, nearly every entrepreneur takes on 100% of the work. However, to truly grow the business, you are going to need help. It does not necessarily mean you need to hire full-time employees, but recognizing that certain duties should be outsourced to contractors is key to freeing yourself up for the critical tasks that must be handled by you.

2. Always have a pipeline of replacements

Once you have committed to outsourcing some of the work, focus on building your “team bench.” Indeed, you always want your best players out on the field, but good labor will come and go, and finding and hiring good employees is a major challenge to success. Here are some tips:

• Just remember that your favorite employee or contractor is not “one of a kind” or irreplaceable.

• Always shop around for prices if you are hiring freelancers, and look at their testimonials. If you are hiring employees, use references.

• If you notice yourself heavily relying on one person, slowly introduce a part-time employee (or freelancer) as a back-up to take on any projects that do not fit on your favorite employee’s plate.

• Make sure you have your favorite employee create an operations manual. This is a simple way to mitigate chaos in the event of an unforeseen transition.

3. Ignorance is not bliss

You need to delegate tasks, but it is also your duty to understand the ins and outs of every aspect of your business.

4. Always know your vision

As you change and adapt to new challenges and realities, your vision will change too. But no one is in charge of knowing where you are going in business like you are. Know that vision and write it down. Every choice you make should be aligned.

5. Strive for mastery

Many people do not take much pride in what they do. Ask yourself: “Who is an example of someone who strives for mastery?” Then study what they do, how they work, what their mission is, and how they approach the challenge of meeting their objectives. Figure out how can you strive for that kind of mastery.

Source: https://www.business2community.com/small-business/can-become-successful-entrepreneur-01889649#BM0TEKXhKoGKLr0b.97