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5 Tips for Small Business Success

As a small business, we face certain challenges that can add stress and anxiety to our daily lives. It is not always easy meeting payroll, hiring, figuring out what platform to market on and managing the finances. But, millions of small business owners do these things every day and their businesses thrive.

As a small business owner, you may find yourself living on a rollercoaster. Some days you feel like you are going to take over the entire universe while other days you fire yourself and walk off the job. And, early on in the small business process, you have more firing and walking off the job kind of days. It is in these days that you must remember your "why." Why are you doing this? Why are you so passionate?

During the days that you are "taking over the universe" and are more clear minded, write down the answers to those question so when you get discouraged you will remember why you started and you will be less likely to give up.
Step Away

As a small business owner, you probably take your work home, talk to your partner about it, and answer calls on the weekends. But never taking a step away can lead to burnout. The last thing a business owner should do is make decisions based on feelings like stress, frustration and impulsivity. Working on you and/or your family independently of your business is a great way to refresh and gain clarity so you can be even stronger in your business. Successful people take breaks.


Hurdle the Tough Times Quickly & Learn From Them

As a small business owner, you are learning something new every day. Business owners switch hats all the time; from finances to legal to day to day operations to HR. And, it is no secret that mistakes will be made.

If you want to be successful in business, don't ruminate, internalize and dwell on those mistakes. Instead, chop it up to a learning lesson and press forward being cautious not to make that mistake a second time. Hurdling barriers and setbacks quickly will help you to minimize your stress and preserve energy in order to continue growing your business.

Get a Mentor

So many people have been in your shoes before you. They know the puddles you should not even try to step in and they can also give insight into decisions you are facing.

Reach out to these people and ask them for their mentorship. If you do not have a mentor, try networking to meet likeminded people that can share ideas with you. However, as your business grows, if you do not have a mentor, keep your eyes open for someone that you can call on for support;

Make Sure You Have Financial Options

While you switch hats, ride the rollercoaster, take calls from customers on days off, and try to somehow maintain life balance, the one thing a business owner must have peace of mind and security with is finances (personally and professionally).

As a small business, make sure you work with a banker or company that is transparent and that you can trust. As your business grows, there will be growing pains, and that is a good thing, especially if you have a banker or lender who supports small businesses and simplifies things.