Sometimes the thing an entrepreneur needs is just a little wisdom from those who have been there before. With so many elements to your business to consider, it’s easy to let the details fall between the cracks. The insights of hindsight from entrepreneurs who have made it and have found success with their ideas can provide an incredible resource for those who are starting or growing their business. This week’s Gig Economy roundup is all about getting a glimpse into the fundamentals of success, from the basic day to day tips to the overarching mindsets of those who made it.
Words of Wisdom from 5 Small-Medium Business Owners
Mashable has spoken with 5 very different people who own and manage 5 very different businesses about what it takes to stay on track. These wise words of start up entrepreneurs who became fully-fledged business owners offer invaluable insight into what it takes to manage a team, keep your cool throughout the trials of building a business, and grow your brand.
Perhaps one of the most important pieces of advice comes from Lisa Falzone, who is the CEO and founder of Revel Systems. She reminds us, “There’s no need to beat yourself up for mistakes you’ve made — every company, and every manager, experiences the same problems at some point. How you’re able to learn from your mistakes and how quickly you overcome them determines the success of your company.”
Your Logo is Your Brand
Sometimes it’s so easy to get caught up in the nitty gritty of your business, or in the grand idea of it, that the most important details get lost in the fray. Business Week offers some useful tips for designing your company’s logo. It may not seem important with all of the other challenges an entrepreneur encounters, but your logo is the face of your brand and a strong logo that conveys your message and sticks in your customer’s mind can be a huge benefit.
Accounting for Your Business
Speaking of the challenges that entrepreneurs face, there is one challenge which is never-ending, no matter how solid your business is. Every April, tax season rolls around and business owners and entrepreneurs have to account for each dollar. Smart accounting can make a huge difference when it comes to adding up tax-deductible items that you accumulate over the year. An accountant can be expensive, so many entrepreneurs turn to apps and computer programs. Here, Fox Small Business compares two of the most popular programs to help you make an informed choice.
Bad Habits You Need to Quit
We talk a lot about what entrepreneurs should do, but what about some of the biggest mistakes that new business people make? The Huffington Post has a piece about 5 of the most common business mistakes and why you need to be careful to avoid them. Their top mistakes include:
1. Not Marketing Yourself
Modesty is not always a virtue! Know how to define your personal brand and don’t be afraid to present yourself as the qualified and driven person you are.
2. Poor Communication Skills
Can you explain your brand and introduce yourself succinctly and clearly? If not, you may be hurting your business.
3.Not Learning Leadership Skills from the Opposite Gender
Traits that are “typically male” or “typically female” can both contribute to strong leadership skills. Make sure you integrate rather than shy away from those traits that may not come easily to you.
4. Being a People Pleaser
You know your business best and your grit and assertiveness will propel you forward if you let it.
5. Not Finding a Mentor
The help of someone who has been there and done that can save you a lot of frustration and money. In turn, be open with advice for those who are where you once were.
Have you been helped by a mentor? What was some of the wisest advice you were given? Tell us in the comments!
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