Here is some of the advice I gave them:
Part of the key to being a good business owner is having a degree of humility and being a person people enjoy working with, having the confidence in your abilities to know that everything is going to be fine, developing the confidence within your business to be proficient and knowledgeable about your companies issues and growth. Then finally, being a good communicator who is able to effectively communicate with your customers and understand their needs.
- The hardest parts to accept as you are new business owner is that everything will take longer than you expect it to take.
- You will never have enough time or resources to do the quality of work that you want in the timeframe that you need it.
- Everything you will do as a new business owner will cost more than you think it should.
- Many people will disappoint you along the way.
First and foremost I told him to always act with integrity. Simple integrity goes a long way with business and your customers.
Be aware of your operational tempo and know when you need to seek out additional help in terms of improving your communications, improving your operational performance, diagnosing problems, training your employees, increasing your market base, or improving customer satisfaction. It takes time to develop the ultimate package of management skills for managing a new business but with a good plan and good vision all you need is drive and motivation. Don't be afraid to ask for help.
Need a bit of motivation try this:
“When it hurts” at https://www.instituteforstrategicimprovement.com/links-page.html
Need help with fine-tuning your operational performance. Contact us here”: