Sponsored by VISA Business:
In the words of Steve Jobs, “About half of what separates successful entrepreneurs from the unsuccessful ones is pure perseverance.” One of the most essential secrets to owning a successful small business for any businesswoman is committing to the long haul and never giving up. Many successful entrepreneurs had multiple business failures before they hit on something big. If you’re struggling today, that doesn’t mean you should start over. Perseverance is often rewarded.
Successful small businesswomen have a clear view of what they want to accomplish and where they want their businesses to go. They are laser-focused and don’t allow anyone or anything to distract them. They set specific goals and surround themselves with people who are equally committed to achieving those goals with a similar laser focus. However, they’re also capable of recognizing new opportunities when they arise. In other words, their focus is an asset to their success, but not an obstacle.
Change is going to happen. Embrace it and thrive on change rather than fearing it and trying to avoid it. Successful small businesswomen actively seek out new opportunities and aren’t afraid to proactively make changes to improve short-term and long-term results.
4. Problem Solving
The most successful small businesswomen are excellent problem solvers. They are able to make decisions but welcome diverse opinions, particularly from experts in fields in which they are not as experienced. They are excited and enthusiastic to tackle problems, and that enthusiasm motivates people around them to take action.
Successful businesswomen are agile and can adapt to different environments, cultures, and situations as needed to drive results. If a new opportunity arises, they’re not only willing to take risks to seize the opportunity, but also flexible enough to do so quickly and effectively. They’re prepared with an exit plan and ready to move onto the next project if the existing project is failing with no signs of being revived. In other words, they aren’t afraid to admit failure. Instead, they’re confident enough in their decision-making to know when and how to make the hard decisions for the better of the company.
Now that you know the secrets to owning success for small businesswomen, you can invest time and effort into integrating these traits and behaviors into your own personality and leadership style to boost your effectiveness and success. Check out the infographic for some statistics about women owning small business success!
What success secrets for small businesswomen would you add to this list? Share your suggestions in the comments below.
I am blogging on behalf of Visa Business and received compensation for my time from Visa for sharing my views in this post, but the views expressed here are solely mine, not Visa’s. Visit http://facebook.com/visasmallbiz to take a look at the reinvented Facebook Page: Well Sourced by Visa Business. The Page serves as a space where small business owners can access educational resources, read success stories from other business owners, engage with peers, and find tips to help businesses run more efficiently. Every month, the Page will introduce a new theme that will focus on a topic important to a small business owner’s success. For additional tips and advice, and information about Visa’s small business solutions, follow @VisaSmallBiz and visit http://visa.com/business.