10 Entrepreneurship Tips for Business Owners

Not all business owners become entrepreneurs, and not all businesses become enterprises. There are many aspiring business owners and even money makers who are already calling themselves entrepreneurs because they have escaped the corporate cubicle and made themselves their own bosses. However, entrepreneurship is not all about freedom. It’s not all about having a business, making money, and having flexible time that you can enjoy in life. Entrepreneurship is something that is greater and deeper than those things. But with the right qualities and disciplines, every business owners can evolve to entrepreneurs and make their businesses great enterprises. The following are 10 entrepreneurial tips for business owners, whether they own a micro, small, medium or large business.

1. Have a greater purpose why you’re doing business

Business owners, to become real entrepreneurs, should not only enter into business to make profits, gain freedom, and have more time in the world. Instead, they should have a great purpose, vision or mission in doing business. Real entrepreneurs usually start a business or enterprise to change the world and provide people a better way of living. That’s why they become very passionate and persistent despite of the many tough challenges they face on their business. Thus, be in business, not only to become your own boss, but to have more bosses who are the people in your community, in your country and in the world.

2. Be a leader and make your followers happy

Don’t just aspire to become a leader, but do your best to make your followers happy. Business owners consequently become leaders because they earn some authority to influence their employees and even their customers. However, mere leadership doesn’t guarantee entrepreneurship. Business owners, to have an entrepreneurial spirit, should be real leaders – leaders who follow the ways where they can make their followers (employees and customers) lives even better. Moreover, business owners should lead the market, not to create monopolies that make people suffer, but to create enterprises that make people’s lives better.

3. Be unique and maintain your uniqueness

Entrepreneurship is about creativity and innovation. Entrepreneurs don’t like copying things from other people, but they want to start something out from their own. They don’t explore on problems that already have solutions, but they explore on problems that no one have provided with solutions. If you want to put your business on the top, don’t just copy ideas that already exist in your target market. Be a discoverer of new ideas so that your business will become unique. Furthermore, because our world is constantly evolving, don’t just be unique once but continue in being a revolutionary or innovator.

4. Focus and forward

Business is busyness. And to mix entrepreneurship into your business, you have to choose the right things that you have to be busy of in your business. You have to focus on these things and keep on forwarding. And when I say forwarding, this means you have to focus on things that will give you long-term benefits. If you will only focus on temporary things like instant money and profit but not on greater things like integrity and reputation, your focus might only be wasted. Thus, concentrate on things that will make you constantly forwarding now and in the future.

5. Take the risk, but be accountable

Courage is one of the top qualities of an entrepreneur. However, entrepreneurship is not all about being bold in taking business and entrepreneurial risks, but it is also about accountability. Business owners should realize that their business has many stakeholders who are their workers, customers, and the public. Hence, they should not be reckless in making business decisions, but they should always come up with the right plans to ensure that their stakeholders will not be placed in a risky situation. Also, whenever they commit mistakes, they should always admit their mistakes rather than throwing the blame to other people.

6. Have fun, but be responsible

The job of a business person and entrepreneur is difficult and stressful. That is why they have to learn how to stay calm and cheerful. However, this doesn’t mean that they should just take business and entrepreneurship lightly. Business owners who want to be real entrepreneurs should take their business seriously. Besides, sincerity doesn’t mean misery as you can also be joyful and happy while being serious. Thus, if you really love your business and everyone who rely on it, don’t just treat it like a hobby but take it as a serious business.

7. Win your competition by starting to win yourself

When you enter into the business world, you have to deal with a lot of competitors. However, the worst competitor of all competitors that you should overcome is none other than yourself. That is why you have to overcome yourself, your worst habits, attitudes and other negative qualities that hinder your success in business and in life. If you can win yourself, you could have the best ally that will help you beat all your other business competitors.

8. People first before profit

If you will not make money on your business, your business will be bankrupt. However, if you will not motivate your workers and make your customers happy, you will not also make money in the long run. So what you gonna do now? You have to choose both money and good relationship with people, but you have to give more priority with the latter to ensure you would earn both of them in the long run. Remember that when your employees are motivated and your customers are satisfied, your profit would be inevitable.

9. Don’t forget the important people in your life

Business owners are working hard to build a bright future for their family members and loved ones. But sometimes their diligence causes them to forget about spending enough time and creating more moments with their loved ones, especially when they become too obsessed with their business. Thus, don’t overlook your loved ones but make them the center of your inspiration. You could always have a break from your business or busyness to have time with them. Besides, you really need to have a break to enjoy life with them and to recover from the stresses brought by being in business.

10. Be humble and continue learning

Finally, business owners should be humble enough to admit their weaknesses and lack of knowledge. They should constantly do experiments and continue learning to evolve into real entrepreneurs. Remember that entrepreneurship is an evolving process and it involves a lot of disciplines, including personal development and accomplishing one’s social responsibilities. Thus, keep on exploring and getting better, not only for your business, but also for your life in its entirety.

I hope those tips will further strengthen your entrepreneurial spirit for your business success!