Becoming a business owner has fundamentally changed my perspective on how business works. I no longer think that you can guide or inspire someone else on how to manage their business if you have never operated it yourself.
● You don’t have influence over other people’s behavior; however, you can manage your own reaction.
● Saying “no” is acceptable.
Following are a few things that I have learned by being a business owner:
● You can start your own company and hit the jackpot!
I never had any plans to start my own business or become an entrepreneur. However, after determining the pause, I was requested to consult with lawyers who had earlier been competitors. It seemed pleasant in contrast to work, and I could do it while “on a break” from the life of a law firm. After a few years, I now supervise a group of marketers and work with law firms all across the nation, helping both my team and my clients achieve success.
● Some people will treat you like you don’t deserve it, no matter how skilled you are at what you do.
No matter how many years of education, degrees, or experience you have, there will always be those individuals who will attempt to make you feel less important, treat you like you don’t matter, or minimize your abilities. Avoid working with them. Dismiss those clients and never hire someone similar to them in the future.
● You can only manage how you respond to your clients; you can’t influence them.
The majority of marketing companies do not refund clients for money already paid. I once had a client who was uncooperative, unfriendly, and rude. The company was dissatisfied even though we provided what they had paid for. I consequently dismissed them and gave them a full return of their money. My business suffered a financial loss as a result, but the cost was worthwhile.
“The Advantages of Setting aside some margin to Work On Your Business, Not In It”
● You can run a seven-figure business without having an actual office.
After the pandemic hit, many chairs in the office would be empty, not by choice. And people headed for remote work. Without a physical location, we have been able to accept more clients than ever before.
● If a fresh hire causes you trouble right away, they probably won’t work out.
An experienced business owner once informed me that I could tell whether a new hire would be working well after just two days of working with them. I laughed at what sounded like a lack of concern and a reluctance to put in more effort throughout onboarding.
Two days may seem rapid even after 10 years, but it does not take long to decide whether a new recruit is the correct choice. Things become worse for the new hire and the current staff the longer you delay addressing them. Reduce your losses as soon as possible so that individual may go on and you can begin looking for the best match.
