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6 tips to develop the right mindset to grow your business

6 tips to develop a mindset to grow your business - Retail in Asia

People start businesses for millions of reasons; as a way of diversifying their source of income, or maybe a passion they have nursed for a long time. Not surprisingly however, many millions more people consider the odds against them and they never take the bold step to try, when they analyze the risks involved in a startup. It’s definitely possible to grow your business while working full time or while you are still in school; when you have the right mindset.

I think this is very important because many businesses fail when there are no goals. The companies possibly got started just because the founders needed some more funds and when challenges arose, there was no motivation to continue the business.

Starting with a long-term business plan will help you focus on your goals. Your business plan will also include the reasons you started this venture in the first place, which will be a motivation to forge ahead even when there are challenges.

Don’t wait for the right time to start

You might end up waiting many years thinking it is not the right time to start that business, or make that risky move. This is simply a waste of time. Begin as soon as the basic requirements to start are available and grow your business from there. According to John Morgan, Co-CEO of Stillwater Dwellings, “Time lost is very painful; just think about how far you would have come in all that time that’s been lost; my advice is to start now.”

Never miss an opportunity to develop yourself

Continuous self-development will go a long way in positioning you to grow your business to a global level. Identify any areas you’re weak in and strive to become better in these areas. Many business owners have poor time management skills while others don’t have the slightest idea how to treat their customers. As the business owner, you have to be highly productive.

Good time management and being productive will save you a lot of expense and time. Working with a plan will make it difficult for the business to deviate from your primary goals.

SEE ALSO: A serial entrepreneur explains five secrets for more B2B sales

Do not waste your free time

Many people look forward to their leisure time, and it’s usually wasted doing zero productive things. This might seem okay for people without a vision but now you have a goal. I’m not advocating skipping all vacations. But your free time can be spent developing yourself in some pretty amazing ways. Instead of looking out the window while commuting you can listen to a good book or send out business emails. Make sure every minute counts for your business.

Be proactive

Learning and self-development is a continuous process but you need to find ways to practically test all the knowledge you’ve acquired. Maybe you just read an article on self-development or business expansion that sounds great; now you should ask yourself — does this really work? There is only one way to find out.

Creating opportunities to apply your knowledge should be your top priority. It will be meaningless if you get all this information and you don’t benefit from it.

Don’t forget to work out regularly

Growing your business will require you to have at least some form of fitness planned to keep your mind and emotional strength consistent. I’ve already written several articles on how this can be achieved by engaging in different physical activities. Working out makes you happy, keeps your mind alert and prevents you from experiencing depression.

There will be challenges, and that’s perfectly normal. Do not get discouraged however, because although the business will take some effort to get started, with the right mindset you will succeed.

(Source: Forbes)

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