In today’s continuously evolving world, we are in a constant phase of change. It means that the business model thriving today may become outdated within a decade or possibly even sooner. An excellent example of this is brick-and-mortar stores, so keep reading to learn the real secrets for business success.
It was a preferred shopping method; however, Covid-19 has reshaped many aspects of our lives. The lockdowns and advancing technology have helped online stores take over previous physical models.
It has empowered millennial entrepreneurs with a low budget since you don’t need any inventory, a place to showcase your products, or a team to run the store. You can single-handedly run the entire show and pave your way to success.
All you need is a killer website, products that clients crave, and unparalleled shipment services. Unfortunately, this model comes with its own set of challenges: credibility, consistency, and reliability.
For those that want to make it big and are ready to dedicate their time and energy can overcome this by cleverly integrating technology with incredible client service. However, those who only focus on making money fast suffer.
Take a look at Nike and how it connected the digital experience with brick-and-mortar experiences by launching its flagship in SoHo, NYC. This experience-driven retail experience encourages buyers to visit retail stores by offering a one-of-a-kind experience. But more importantly, the store also boosts its digital marketing strategy. Since it’s fully integrated and connected with Nike’s mobile app and website, your data is instantly stored and accessible.
By introducing its innovative flagship, focusing on the client experience, and providing both a digital and physical store experience, Nike attracts the attention of sports fanatics across the globe.
So, what sets your brand apart in the swarm of start-ups, small and medium-sized businesses? You learn to listen!
Listen to the stories of successful business owners, listen to how badly they may have failed, and listen to how they picked themselves up. But most of all, you need to listen to tips that industry experts have shared over the past years.
Let’s explore the five secrets that can help you succeed as an entrepreneur.
- Learn to Take Full Ownership of Your Story
People who find true, lasting success don’t achieve it within a single night or by accident. They do the hard work, identify their strengths and flaws, figure out their priorities, and are very intentional in everything they do.
These people don’t blindly listen and follow the suggestions of their friends, family members, and peers on how they operate their businesses. Instead, they recognize that they need to live their own lives and take full responsibility and ownership.
They understand that if you want to achieve business success, you need to realize that your goal shouldn’t be making your life easier. It should be about making yourself resilient.
And the only way to achieve this is by deciding to no longer sit on the sidelines of your story. To take control, become the main character, dream big, and give everything your best shot.
- Step Outside Your Comfort Zone
Here’s the thing: our thinking paralyzes us from accomplishing the simplest tasks. In fact, simple activities outside your comfort zone can feel repulsive. Trying something new and different can cripple you into inaction within seconds.
As humans, you learn to be comfortable with certain things and uncomfortable with other things. Your attitudes towards different tasks, whether public speaking or scrolling through Facebook, become your habits.
But if you want to succeed, you need to change your attitude and your habits. Challenge yourself, tell yourself, ‘I can do this,’ and push yourself outside your comfort zone. Go beyond the limits to secure financial freedom and business success.
Unfortunately, Nokia missed out on its opportunity to make it big by failing to adapt and step outside its comfort zone. The company overestimated its strength and arrived in the smartphone market a little too late.
In 2007 Steve Jobs launched iPhone, a phone without all those buttons and extra tapping, and people had already forgotten about Nokia. By the time the brand introduced its smartphone in 2008, it was already too late.
I believe that successful people are comfortable with being uncomfortable all the time. That is how they got to be successful and continue to be successful, and you can also learn to be comfortable with being uncomfortable.
- Find Opportunity Where Others See Failure
Learn to focus on the intricate details of a task to find new opportunities. This intensity, focus, and devotion to your goals help successfully eliminate distractions and wasted effort.
Being dedicated to your dream and taking the right opportunity can easily mean the thin line between success and failure.
While Apple never actually filed for bankruptcy, it was on the brink of bankruptcy in 1997. However, times changed when Steve Jobs returned to the fold with a whopping $150 million investment.
He transformed the company into the first trillion-dollar company by identifying the missed opportunities and the current market demands. The millennial was the driving force, and they wanted revolutionary tech innovations. By listening to their consumer’s needs, the brand could manufacture advanced products that are still ubiquitous such as iTunes, iPhone, and much more.
Had Apple missed the opportunity and failed to identify its growth potential, it would have been wiped clean out of corporate history.
- Obsess Over the Details
Understanding the finer and intimate details of your adventure is essential. Sure, it’s not going to help you appear on the cover of Fortune, but it will help you keep a clear head.
Multiple stories reveal how poorly business leaders understand the risks they take. What entrepreneurs need to understand is that success doesn’t necessarily mean making an innovative breakthrough. It comes from a well-thought-out strategy and flawless execution.
Jack Dorsey, the founder of Twitter, believes that you must plan out your week beforehand. Every Sunday, he sits down and draws out a map (comprehensive plan) for the coming week. And on Monday, he sets out to achieve his weekly goals.
- To Sum it Up – Learn to Set Your Goals
Yes, you want to set five-year and long-range goals and plans, and you also want to focus on one realistic (with a stretch) and reasonable goal. In case your goal is too big, you’ll end up finding it impossible and unachievable during your moments of self-doubt.
Instead, ask yourself: what is the first thing you want to achieve in the coming 90 days. Make sure it’s the only thing. Next, make a list of actions to support your goal. Then just get started, and you’ll find that doing so motivates you and drives you forward.
The thing about entrepreneurship is that it does not require special training. Instead, it’s about leveraging pre-possessed, innate practices and talents, and applying self-discipline. Apply these five real secrets for business success and accelerate your results to having the kind of business and life you truly want.
Do you feel like your business has plateaued or you are sick and tired of being sick and tired? Could you use a shot in the arm to make even more progress on your goals? Consider working with The Accountability Coach. I’m here to help you accelerate your results, so you can enjoy your ideal business and ideal life! Reach out today for your complimentary consultation.
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