1. Retain Your Talent
According to Bryan Hawker, all entrepreneurs should cater to their employees. Any company can do marketing, sales and provide a quality product or service. However not all companies can hold onto their most talented employees. Ultimately talent is what separates the mediocre to the mega successful. Employees want to feel valued and want to be rewarded for their good work. Successful companies realize this and cater to their employees with vacation time, work freedom and growth opportunities.
2. Meet the Needs of the Market
Succeeding in business requires focus, work ethic, curiosity and persistence. Too many people in business chase what is trending or what they believe will make them rich and famous. In business you need to get out of your own way and focus on what the market needs. Of course you should focus on something you are passionate about, says Bryan Hawker, but make sure there is a strong market for what you offer.
3. Help Others Succeed
Helping those around you to succeed has a bigger impact on your character than focusing on yourself. This commitment to team over self won’t go unnoticed. Always look for ways to help lift others and put them in the limelight. They will in turn drop any negativity towards you and always want to work with you. Bryan Hawker says this is how true leaders are formed and how they succeed.
4. Continuously Evolve
Entrepreneurs don’t succeed by doing the same thing over and over. To be successful in the modern business world, they need to continuously evolve. Music CDs didn’t become less popular because of poor quality; they became less popular when MP3s came on the scene. Blockbuster didn’t become yesterday’s news due to poor selection; they were phased out by RedBox and movies on-demand. The bottom line is if you don’t evolve in business, someone else certainly will.
5. Don’t Fear Failure
There is a steep learning curve in any business. Successful entrepreneurs didn’t get that way over night. If it was a piece of cake, then everyone would do it. Making mistakes in business is what ultimately brings success. Bryan Hawker had to fail a number of times before finally succeeding. He says these lessons and failures are more valuable than any book or article.
6. Learn to Work with a Remote Team
The modern workforce is always changing and more people are working remotely. Successful entrepreneurs need to adapt and set up their businesses to cater to these workers. It is estimated that in the US 50 percent of the workforce will work remotely. Employees don’t want to be tied to an office. They want the freedom to work from home, and entrepreneurs need to be prepared to adapt. Especially in 2020 with the global pandemic, businesses need to rely on remote workers to succeed says Bryan Hawker.
7. Give Employees Room for Growth
Business succeed because of its employees. The key to attracting and retaining good employees is by giving them room to grow. This can be done by letting them wear multiple hats, let them be involved in business operations and let them make a lot of their own decisions. Always remember that employees are what make your business what it is. If they feel like they are part of the success of the company they will be your best long term allies.
Source: Forbes