It takes drive, determination and creativity to lead a business, whether you’re a one-person operation or leading a firm with hundreds of employees. Entrepreneurial thinking – having that ability to create, lead, and grow your business – is important for business owners across industries.
Some of our most successful entrepreneurial thinkers…
Take risks. New ideas don’t come with a playbook on how to achieve success. Successful entrepreneurial thinkers must be willing to take a risk and understand that failure is a real possibility.
Have high initiative. Developing a new idea, process, product, or service can be difficult. Having the ability to out-hustle the competition and a willingness to “dig in” to accomplish a goal can be game-changing.
Accept that mistakes will be made. Understand that none of us are perfect. Giving yourself permission to make mistakes along your journey can be healthy. Learning from our mistakes is key to growth and developing new ideas.
Create a network for feedback. Look for opportunities to get input and feedback. This will also promote a greater awareness of what others may want or need and could help shape the success of your next great idea.
Are flexible. Allowing for a change in course can transform a good idea into a great one. Entrepreneurs are known for the ability to think big and consider many ideas. Deciding how much effort to put into each idea is key to a successful enterprise.
Invest in determining the needs of potential clients. Keeping your potential clients close provides insight to make informed decisions. Researching is part of exploring new ideas. Before you make a large investment, do your best to determine potential adoption and the ROI.
Know their environment. Environmental scanning can be a great way to determine where and how to spend your time and resources. Seeking insight from sources that may not be part of your everyday routine can provide greater perspective to an idea that is being developed.
Set goals and seek progress. It’s difficult to tell where we are going if we don’t have objectives or goals. Providing a gauge for progress allows us to determine our success.
Headquartered in Lancaster County, Warfel Construction is committed to supporting our business partners in the Mid Atlantic region. Join us at the Cultivate Lancaster Entrepreneurs Forum on January 24 to learn more about Lancaster’s growing community of entrepreneurs, startups, small business owners & business resource providers.