Thanks for all the interest in my last blog post for WWPR. I thought I might expand a bit on point #4, He/She Who is Wise, on learning from others by surrounding yourself with folks who are a lot smarter than you, learning from their achievements and mistakes, and making your own along the way.
In order to help myself in learning how to run my own company, I observed the successes and mistakes of other entrepreneurs. It is an ongoing process that never stops and should never stop. I will admit that I am intrigued with the ultimate question of why some companies make it big while others can’t seem to get to that breaking point. Actually that topic fascinates me on a daily basis.
I think a lot of factors are involved, including finding out if the right leadership is in place and what steps are being taken to execute any strategic plan. These factors help to make that key difference that separate those that excel in business and those that might not be so fortunate.
For as long as I can remember, I asked tons of question, acted like a sponge and put myself in as many scenarios where I could be among business/entrepreneurial greatness as possible. It’s a humbling experience. From this, I worked to calculate what worked and why and tried to apply the right strategies and integrated them into my own company, avoiding common mistakes that I watched people make over and over again. By doing so I was able to actively seek-to-learn, grow and in turn make smarter choices.
It is important for all of us to remember that most of the lessons that entrepreneurs learn come from making their own mistakes but there is much to learn from others, as one who is wise is one who surrounds themselves with wise men and women and then learns from all they have to offer. I very often preach to folks in business (and in their personal lives) that it’s essential to play out scenarios in your head and talk them through with people you trust to find out what the likely outcome might be. Sounds obvious right- but I’m always astonished that people look like they never considered this. If you take action X, then the reaction might likely be Y given the scenario, and so on. A topic I have a lot to say on!!
After three years of SilverStrategy, I still go through constant ups and downs from the choices I have made. It is a roller-coaster of a ride even when business is at its peak but we make the best decisions we can most of the time with a lot of room for growth. With SilverStrategy hitting its third year mark this past May and being founded at the height of the recession we know a thing or two about challenges and being able to push yourself to the next level.
We as a firm need to focus on our own internal strategies; having a diverse client roster with different needs and having to keep focused on business development. It compels us to juggle a lot. It is a strenuous job in itself and results in us habitually pushing our own needs aside.
Something we work on reminding ourselves of every day.
We as entrepreneurs are constantly looking forward and pushing ourselves. We place so much value judging how much further we have to go and how much farther we are from where we think “the end goal” really is. This is OK; it keeps us on our toes, motivated, moving forward, seeing the big picture with hopefully a healthy amount of pressure.
Through it all don’t forget to stop, take a look back, and feel good about how far you have come from where you started. Never take that part for granted, not everyone has been able to get where you are now. That should help give you that leap of faith and positive outlook needed to keep moving forward.