Date Posted: 12/8/2013 10:44:03 PM
Posted By: Makara Membership Level: Silver Total Points: 415
Entrepreneurs always suffer or undergo hard time in developing strategies to run the business as well as separate the business venture to His or Her personal life.Globalization and the fast speed of technological development have caused increase and more complex demand of entrepreneur’s time, talent and energy. This has resulted to increased illness and sleep deprivation due to dilemma of boundaries across all aspects of our lives. Ultimately the key challenge is the challenge of execution of substantial, meaningful and productive things.In today’s business venture wise and focused entrepreneurs do the following in order to achieve the set goals and objectives.1)They determine and live the mission of their business and meaning of success. They check if the business mission is serving others. A truly and Authentic mission serves others, meet the needs for common good and ensures that you achieve a triple growth in the target group as well as in the profit generated. 2)They detect, document and review their personal mission as an individual. They do this by asking why am I on earth? They also align their commitment to the mission. We all have a mission inbuilt in us which need to be detected and lived truly. 3)They assess the relationship between the company’s values and their personal value.4)They conduct a quarterly personal Review and quarterly business assessment. Wise entrepreneurs conduct their SWOT assessments regularly and in doing so there are key relationships between the variables in each. They decide which are the priority opportunities and threats to work on for the next quarter and begin to work on them decisively.5)They focus and develop their personal five aspects Life, to develop and attain a sense of overall well being we need to focus and develop our physical health, spiritual health, emotional-social health and financial health.6)They develop critical leadership behavior that results in true transformation. One key aspect that drives entrepreneurs is to make the highest profit possible in order to make sustainable profit rather than sporadic profit, good entrepreneurs invest time regularly to learn and unlearn business skills. Wise entrepreneurs invest time to develop their character as well as their business.7)They ensure their business is a role model to others and as an individual that they are role model to others and have a role to play in the society. 8)Any business has a reputation to uphold and safeguard. They always ensure that the business does not lose credibility for the entrepreneur to achieve His or Her set Goals.9)They take daily assessment of daily action and take remedial actions quickly for anything that might have gone amiss.In order to be a successful entrepreneur, adopt and implement these strategies and your business will yield much.All the best in your endeavors.
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