Did you know that nearly 70% of all entrepreneurs start by running their businesses from their home?
What about the fact that entrepreneurship is responsible for creating over 3 million jobs in the United States alone?
The reality is that, no matter what industry you choose to work in, where you start your company from, or even how many employees you have, you need to have an incredible drive in order to succeed as an entrepreneur.
Of course, drive alone isn’t enough. You also need to continually and rigorously work to refine and better your personal entrepreneurial development.
How can you make sure you’re doing that?
You can start by reading this article.
In it, we’re telling you the top 7 things you can do to grow entrepreneurial development and become a better entrepreneur.
1. Surround Yourself With Good People
The company you keep is one of the most important factors when it comes to entrepreneurial development.
We know you’re already probably attending tons of events, talks, and other networking events in your industry.
But keep in mind that, in order to keep developing your own skills, it’s not enough to just milk these connections to grow your business. You have to be willing to really learn skills from others on your team or in your larger industry.
You also need to know how to delegate tasks according to what each member of your team is good at. This can be difficult, as it will often mean acknowledging your own shortcomings.
However, the reality is that every person on your team is an asset in their own unique way (which is why it’s so crucial to hire a diverse team.)
You want to find people who share your vision of success and who you work well with, but they need to be leaders just as much as you are. Ask yourself what you can learn from everyone on your team, and what you can teach them in return.
2. Know How To Measure Your Progress
We all want success – but unfortunately, it never comes overnight.
Instead of focusing on one giant (often unattainable at your current phase of business, anyway) goal, you need to break it down into several smaller goals that you can actually reach.
This won’t just hone your entrepreneurial development and keep you motivated to moving forward.
It will also allow you to clearly evaluate whether or not the current steps you’re taking, and methods you’re using, are actually effective.
3. Outsource What You Can
Especially at the start of your business, you need to seriously evaluate how much time you’re losing every day to tasks that, in the end, could really be done by someone else.
As an entrepreneur, every minute of your day is incredibly valuable – and every wasted one represents a real loss.
To foster your own entrepreneurial development, ask yourself and your team to think of the tasks that can only be done by them, that could probably be done by someone else (especially down the line) and that could easily be outsourced.
For example, only you can meet and pitch your company, vision, and projections to a potential million-dollar investor. However, someone else can probably run the updates on your computer.
4. Know How To Lead
Even if you’re just starting out, we know you ultimately want to still be in charge when your company grows to a multi-million dollar empire.
But to do that, you’re going to need to teach yourself how to be a good leader. This doesn’t just mean managing your specific team.
It means becoming an innovative thought leader in your field of choice.
Ask yourself: what are you continuously doing every day to make sure you know the latest news and trends in your industry? How are you incorporating that into your own management style and product/services?
Always learn from mistakes – your own, and other people’s. Make sure those you work with feel valued, and take the time to listen to and ask for their ideas.
5. Take Risks
Especially in today’s hyper-competitive world, if you don’ take risks as an entrepreneur, you’re never going to see the kind of growth you want – personally and professionally.
If you’re not comfortable playing around with money, keep in mind that there are lots of other ways to take risks.
Hire someone who thinks differently than you do. Attend an industry event with people you look up to, and make it a point to talk to them. Take on a bigger client.
Do something that your competition is afraid to.
It’s the only way you’re going to be able to differentiate yourself.
6. Avoid Distractions
Yes, it’s true – in order to get the most out of every day, you’re going to have to schedule your time like crazy.
This also means that you need to be incredibly protective of it.
Especially in today’s world, it’s easy for a “quick five-minute break” to turn into a long lunch, cocktails, happy hour, and a hangover the next day. If you don’t see your time as one of the most valuable aspects of your business, you won’t make it far.
This doesn’t mean you can’t take breaks. In fact, they’re incredibly important when it comes to keeping you productive! It just means that these breaks need to be scheduled.
Give yourself at least 5 minutes every hour to unwind. Otherwise, you’ll find yourself losing hours of time later.
7. Always Remember Why You Started
Accepting some losses and going through some challenging times are an important part of entrepreneurial development. But often, especially if these are big losses, it can make you feel like you want to quit.
When this happens, think back to why you started your company in the first place. What problem did you want to solve? Who would you help? What do you love about it?
This will encourage you to push yourself through the tough times.
Build Up Your Entrepreneurial Development With These Tips!
Thanks to these tips, you’re ready to make this the year your company hits its all-time highs!
Looking for more ways to motivate yourself and manage your time?
Want to know what else you can do to push yourself to grow?
Check out the blog and website to ensure that you never let another opportunity pass you by.