5 Things Successful Small Business Owners Have in Common

5 Things Successful Small Business Owners Have in Common

It’s fairly easy to start a business. If you have a decent idea and can fill a need in the market, most people are quite successful at launching a business.

It’s quite exciting in the beginning as your vision turns into reality and your business starts to operate. You might even get some business right away as news of your business launch spreads and your network sends you referrals or leads to support you in your new venture. This first wave of business can often last a little while, and perhaps for the long term if you’re lucky.

But for most small business owners, achieving consistent revenue for the first few years of business can be quite challenging. Some find their way through this challenging time, while others don’t.

The ones that don’t find their way through often give up. They lose hope in their dream and they lose confidence in themselves. They give up on the idea of entrepreneurship and look for other ways to make an income.

But for those who find their way through and create sustainable long term businesses, there are 5 key things they all have in common.

5 things successful small business owners have in common

Here are 5 key things that successful small business owners all have in common.

1. They address their underlying fears

Small business owners who do personal development work to address their fears and limiting beliefs are more confident, self-assured and authentic. With this stronger foundation within themselves, they’re also able to weather the ongoing challenges of business more effectively and be more agile and adaptive in change. 

2. They create a success oriented mindset

Small business owners with long term businesses are generally more optimistic and they have a strong, unrelenting vision for success. They have a success oriented mindset and are diligent with managing their thoughts. They actively work to ensure their thinking consistently points towards their vision for success. 

3. They take action no matter what

Small business owners who can ride the waves of their own internal challenges as well as weathering external factors take action no matter what. If they feel self doubt, they still take action. If they think they might get rejected, they still take action. If they think their idea might flop, they still take action and try anyway. It’s in the action that business owners can move things forward, move through fears and find out what works and what doesn’t work. Without action, nothing moves forward.  

4. They embrace the long game

Small business owners who have businesses that last embrace the long game. They accept that their efforts today might not be rewarded until sometime beyond tomorrow. They know they have to sew seeds now in order for things to grow next season or even next year. They know they have to keep a steady course, stay on track and be patient. They know that success takes time. They also know there might be many failures along the way. But they stay the course for the long game. 

5. They surround themselves with supporters

Small business owners that have lasting businesses surround themselves with people that support them and have a network of raving fans. They have colleagues and mentors that challenge and grow them and want the best for them. They’ve spent the time to build genuine relationships with others and collaborate in a mutually beneficial way. They give as much as they take and actively contribute to supporting others. With so much support around them, they’re more equipped to overcome the challenges that come with small business ownership. 

small business ownership tips

Building a business for the long term is not for the light hearted. The odds are stacked against you. The statistics for small business success can be a bit discouraging. 

BUT, there are millions of individuals operating thriving and growing small businesses around the globe. And, there are key things that you can start to do to ensure your long term success. 

Rome wasn’t built in a day and neither can your business be. 

Be patient. Stay the course. Keep a success oriented mindset. 

You’ll be surprised at what will start happening for you. 

Your Why Is As Personal As It Gets

Your Why Is As Personal As It Gets

Your ‘why’ is as personal as it gets.

What do I mean by why? It’s the intersection of your values, the impact you want to make and your strongest skillset, aka gift.

When I was at the lowest point in my life, it was also when I was furthest away from my ‘why’. I was completely out of alignment with my values, I was compromising myself and had lost sight of the impact I want to make in this world.

And the comeback was all about finding my ‘why’ and stepping inside my true self again. And why this process is so personal is because you have to break through the barriers and limits you have around yourself in order to authentically discover what’s already there within yourself. You have to shift to more supporting beliefs to visualize the impact you want to make. You have to do the personal work, hold the mirrors and let go of the past in order to create a vision for an inspiring future.

That’s the reason your ‘why’ is as personal as it gets. And once you find that, then you become unstoppable, then you build confidence within yourself, then you believe you can make an impact in the world.

Choose Growth Over Fear

Choose Growth Over Fear

Choosing our path can sometimes be easy, but most often it’s not.

What often clouds our decision making is fear and stories we’ve made up. Sometimes these fears sound like:

  • what if I fail
  • what if this doesn’t work
  • what if they discover the truth, that I’m a fraud
  • the last time I did this it didn’t work out
  • be realistic, that path is only for dreamers
  • you can’t make money doing that

What if there was a way to address those fears and stories in a new way, would you want to find out? What if those fears and stories were just BS? What if the only purpose they serve is to protect you from getting hurt? What if you knew that those fears will NEVER push you out of your comfort zone and into a place of new possibilities?

Where would you rather stay, trapped in fear and crappy stories that don’t serve you, OR, in a new place of growth, possibilities and opportunity?

The choice is always yours, what do YOU choose?

Don’t Let Fear Stop You

Don’t Let Fear Stop You

If I had let fear stop me, I would never have done what I’ve been able to do and achieved what I have.

Fear can be the very thing that holds us back from doing great things and tapping into the greatness and potential that lies within ourselves.

When I lived in Australia, I used to do downhill mountain bike racing. And it wasn’t about being fearless. In fact, it was about using my fear as a resource to push myself through to the next level of riding. I knew that it was fear that stood between me and the rock face or the drop that I wanted to clear. And if I could do those things, that meant that I could push beyond my fears. And if I could push beyond my fears, well then I would be free and that’s the ultimate feeling, to be absolutely free. And that’s why I ride, because I get to do that every time I get out on my bike.

And looping into personal and professional life, it’s no different. In fact, I get to use what I learn through riding and apply it to the other things where fear comes up:

  • Changing my career at 40
  • Learning a new profession
  • Signing up for a half-marathon
  • Opening my heart to love again
  • Facilitating a workshop for the first time
  • Creating an online course and hoping people will buy it
  • Putting my heart into my work and trusting that’s the way

So my question to you is if fear wasn’t stopping you right now, what would you want to do, create or change? And if you could find a way to overcome that fear, would you?

Secret To Change: Where You Focus

Secret To Change: Where You Focus

The secret of change is not about fighting the old but rather on building the new.  ~Socrates~

Easier said than done Socrates. It takes courage to face the change we’re in, accept what is, let go of what might be holding us back and learn and grow from the experience.

It takes a perspective that there are more positive things awaiting us on the other side and that it will be in fact better than where we are now.

It takes a growth mindset to focus on building the new. And that’s not for the faint hearted, as many of you know.

But what’s the alternative. When we stay focused on the past, we only get results that resemble the past. But when we focus on the future, as uncertain and unknown as it is, we open ourselves to possibilities we never could have dreamed up.

The choice is yours and starts with you. What do you choose?