If you are planning to start your own business in Canada or open up a franchise you need to be prepared for the inevitable ups and downs. There will be moments when you are riding high on being your own boss and business is good, and times when you really need to knuckle down the get the job done.
It is important to maintain a strong belief in yourself and your abilities as a businessman. Self confidence can go a long way to ensuring that your business continues to be a success. So, How do you go about making sure that you are able to stay on top of your game as you begin this new venture? Here are a few tips to get you started
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1. Find a mentor as you start your own business
Being your own boss and not having to answer to anyone can be a real thrill. In fact it is something that you should be very proud of. It takes a great level of ambition to even consider this. If this is your first time in this role, then you may want to consider looking for a mentor so that you can bounce some ideas off them. You can also really benefit from the experience that they have.
2. Don’t make the same mistake twice
If you make a misstep then the important thing is not to dwell on it, but learn from it. Every entrepreneur, no matter how dedicated or prodigiously talented, will face setbacks on the road. You need to stay positive and keep moving forward.
3. Don’t shy away from challenges
You are going to find that you are stepping well outside of your comfort zone. This may seem a little daunting, but you should not let this hold you back. If anything, you should embrace this side of things and really enjoy every moment as you repeatedly conquer each challenge that you’re presented with.
4. Celebrate every win
It’s important to take the time to acknowledge your victories as an entrepreneur, no matter how small. Whether it’s a sale, a contract or even a bit of good news, allow yourself a little celebration to validate your hard work. Celebrating has the powerful effect of creating a positive feeling you associate with your small business. The more victories you savour, the more you’ll be motivated to keep working hard.