Author: Jim Woods

7 Ways to Make Your #Startup Immensely Successful #Business #SMB

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An entrepreneur’s biggest concern is probably how to make his or her company a success. There are some fundamentals that every startup needs to possess in order to survive: a good business model, a great product, a viable market and a flexible plan.

But to exceed the path of many would be entrepreneurs where nine out of every 10 startups go out of business, it takes more than the basics for a new company to stay afloat.

Take a look at these ways to beat the odds .. profitably:

  1. Be Slightly Delusional and Crazy Passionate
  2. Be a learning and humble leader. You don’t levitate nor are you a know it all. You need your people.
  3. Build trust.
  4. Social skills matter. Network and then network again.
  5. Master time.
  6. Execution is what matters.
  7. Keep the end in mind.

Expect supporters to flee when your persistence extends beyond their comfort zone. “When everything seems to be going against you, remember that the airplane takes Now, bear in mind that it is possible for entrepreneurs t not recognize the warning signs of bad timing. Sometimes you also need t know when to stop. off against the wind, not with it.

Pay no attention to the Naysayers

Fear of judgement is one of the great fears of the human existence. All entrepreneurs have been judged by the naysayers and the critics at some point in their journey. Often these people judge you because your success can highlight their failures and so in turn, they want to see you fail. Understand that this is the dark side of humanity and that it’s normal. You can’t be in control of this you just have to be in control of what you do.

Even if you’re onto your third failed startup you should keep going as long as the desire is still there. The average millionaire has gone through eleven different failures, so if you really want it and it’s in your blood, you should go for it! The only real question though is how long do you keep going on the same venture until you move onto the next one? Only you will know when the time is right but don’t quit too early because a lot of entrepreneurs quit just before they are about to hit momentum and then they never get the reward.

Once you’re an entrepreneur there is no going back. For you to go from being an entrepreneur, back to a day job, would be like prison on earth, so keep persisting.

via Addicted 2 Success.

Jim Woods is a partner with the Business Coaching Group and President of the Jim Woods Consulting Group. He has 30 years experience in helping organizations improve the quality of their leadership, build competitive advantage and engage their employees.  

Follow Business Coaching Group on Twitter 

What Great Leaders Stay Focused #Leadership #SMB

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Staying focus is a matter of overcoming fear, guilt and unworthiness. A lack of focus can be the result of overwhelming yourself subconsciously with more than one can handle. Implicitly making the plate perpetually full. Here are just a few tips on how you can overcome this form of procrastination.

How do you like to learn?

It’s important to build up your personal work space in a way that best suits you. If you learn best by reading, then ensure you keep a strong to do list within reach to close out the things you need done by that day. If you work better when things are within sight, then compliment that by using color coded tabs and clear containers to stay organized. If you’re like me, and learn best by listening and conversing, then before you go into that interview or meeting, say out loud some of the points you will be raising to yourself so you’re prepared in a way that best suits you. via 3 Tips To Stay Focused.

 

 

Here are 15 tips that scientists have found that enhance focus.

1. Minimize multitasking

 

2. Meditate

 

3. Exercise regularly

 

4. Establish a to-do list

 

5. Try a small amount of caffeine

 

6. Take breaks

Jim Woods is a partner with the Business Coaching Group and President of the Jim Woods Consulting Group. He has 30 years experience in helping organizations improve the quality of their leadership, build competitive advantage and engage their employees.  

Follow Business Coaching Group on Twitter 

 

How to Become an Entrepreneurial Leader #Smallbusiness #SMB

employee-engagement-leadership-speakers-ken-blanchard-john-c-maxwell-james-a-woods-jim-woods-leadership-speakers-conference-speakers-team-building-4Entrepreneurship is leadership with a flexible strategy, a culture of trust and engagement between leaders, employees and customers. It is the discomfort of “good enough” in pursuit of great individually and organizationally.

Writes Randel Carlock for Insead:

I would posit that entrepreneurial leadership will (and should) define the next era of management theory. Entrepreneurs have always existed to improve society by spotting gaps and filling them. Henry Ford’s mass market automobile made travel exponentially more efficient and comfortable. The iPhone put a portable computer in our pockets, giving us information on demand. Entrepreneurs today are going one step further, from addressing market opportunities to addressing market failures. James Chen’s new venture, Adlens, which aims to provide adjustable and affordable spectacles to the sight challenged, with goals of eventual profitability, is one such example. It has a related social venture, Vision for a Nation, that aims to make the glasses available in the developing world.

Source: The Need for Entrepreneurial Leadership | INSEAD Knowledge

Here are quick steps to get started:

  1. Organize your employees to achieve a common goal using proactive entrepreneurial behavior by optimising risk.
  2. Teach them to innovate to take advantage of opportunities.
  3. Take personal responsibility.
  4. Manage change and use complexity and uncertain as competitive advantage.
  5. Stay nimble.

As an entrepreneurial leader your task is to embolden your employees in a culture of trust and respect where people act out of desire not control. Build a culture where you and your employees have a defined dissatisfaction with the present, a well articulated vision for how things should be, and an idea of the steps that need to be taken.

Jim Woods is a partner with the Business Coaching Group and President of the Jim Woods Consulting Group. He has 30 years experience in helping organizations improve the quality of their leadership, build competitive advantage and engage their employees.  

Follow Business Coaching Group on Twitter