It’s done – You have done it. You started a business to offer the world your expertise. You took the risk and you launched the business. Like being a new parent there will be plenty of people with advice, suggestions, and insight, but you have the last say. You can veto any idea and create your own.
When we start a business we don’t really think of ourselves as “being at the top.” Yes, we have the final say, but what should we be investing in, focusing on, doing with our time? There are so many things to learn as a new business owner and so many ways to fail. Having that veto is a liability more than a earned responsibility. What advice is the best for your new business and what should you not pay attention to?
In small business startups, there is a tendency for an attitude of “It’s all about me”. After all it was your idea, your money, your expertise, your time and your sleepless nights. It IS all about you. Who else is going to care about your business success as much as you do? Who else will put in the overtime and weekends? Who else will give up taking a vacation for years? It’s all about you because you are the one to make it happen and it will feel lonely.
To be able to manage your business and continue to love it you need to remove the loneliness, and that will not be easy.
Tip #1 Friends without benefits
Befriend employees but do not share your full business and personal struggle insider information with them unless they are the Vice President. By relieving them of the burden of risk and insider issues it will gives them the ability to do what they do best in their position at the company, which is why you hired them in the first place.
Tip #2 Intrapreneurs
Hire intrapreneurs. These are people with excellent entrepreneurial skills that will use their insight, drive, and risk tolerance to help grow your business. Having people like this on your team will make running your business easier. If they are good, then your job will be less stressful as well.
Tip #3 Peer-to-Peer Networks
Surround yourself with like-minded people that will support you when you are struggling, lift you up when you are down, and celebrate with you when you make great choices or accomplish something new.
Tip #4 Don’t Do It Alone
Stop thinking you can do everything yourself. You need people in your life you can share your plan with, trust with your challenges, people that understand what it takes to be there and do what you are doing, as well as people that love you and will support you even if they cannot fully understand what you are up to. It can be very lonely as an entrepreneur but you don’t have to be alone all the time if you consciously choose to involve other people.
You can start a business on your own but NO ONE can succeed in business alone.