It’s easy, once you have a business up and running, to ‘go with the flow, to no longer take risks and settle for the business that you have. Frankly, that decision to stay where you are may be the riskiest of all.
You see, without some courage to take more risks, you not only will not get more profits, but may even lose your footing and lose money! Business, particularly online business, changes so quickly that if you’re not ready and willing to seize new opportunities you can be left behind. Your business can become obsolete before you know it.
Look, at one time as an entrepreneur you had a large amount of courage. After all, starting your own business involves risk. And staying in business means you’re willing to continue to face the risk of failure and financial stress.
So what’s the answer?
To have more courage in business there are a few tried and true tactics:
#1 Track Everything!
When you track your successes and your failures you have an abundance of information at your fingertips. You gain confidence from your successes and you gain valuable data about your failures. This information is the foundation for good business decisions. Additionally, when you can take a look at your failures you realize quite quickly that failing isn’t the end; it’s merely a step toward success. Failing can give you confidence to take risks.
#2 Plan Everything
Planning helps you establish goals and create a system to achieve them. It helps organize your steps so the risk you’re taking doesn’t seem so risky. For example, maybe you decide you’re going to launch a membership site. The risk is that no one joins and all of your efforts, time, and money will go to waste. However, when you plan every step of the way you can often see hiccups in your processes before you launch and you can anticipate challenges.
#3 Stay Ahead of the Curve
Knowledge is power. Attend conferences, take seminars, go to workshops and read like your business depends on it. Pay attention to what’s happening in internet marketing and what’s happening in your niche industry. When you stay educated and informed it accomplishes two things. You gain confidence in your ability to recognize opportunities. You also stay at the forefront of your industry and can seize opportunities immediately, when you’re inspired.
Finally, make a practice of taking risks, even small ones. This habit helps you become accustomed to risk and helps you develop a courageous mentality. You’ll prepare yourself to take larger risks and muster up the courage for them when opportunity presents itself.
Business, particularly online business, changes so quickly that if you’re not ready and willing to seize new opportunities you can be left behind. Your business can become obsolete before you know it.
Need a little more courage? Need to ask for some help? Take a risk and join me for two free Q &A sessions (no opt-ins required). Go to http://businesscharmschool.com/sandyandshannon and http://businesscharmschool.com/ShawnandShannon to find out how to get your questions answered about business and marketing!