Launching a Startup? Drive Success with the Right Mindset
This is an excellent article that provides insight about what it takes to successfully launch a business. The original article can be found here:
If you want to make your startup a success, the first thing you need to do is get into the right mindset. This might be your first venture, or you may be a veteran at launching new businesses—it doesn’t matter.
The fact is this: It’s easy to become the biggest obstacle to your own success. Your thoughts and your emotions can hold you back and get the better of you. If you don’t go into the office every single day in the right frame of mind, you’re going to end up making bad decisions.
You need to focus on what really matters if you want your startup to grow fast and succeed. Here’s what you need to focus on if you want your mindset to be a strength rather than a weakness.
Know You Cannot Do Everything
You might want to do everything when you first start out. You might think you’re the best at every job. But smart startup owners know how to delegate. Once you understand this concept, you will be ready to grow your business faster.
Focus on your strengths—and let other people focus on theirs. Identify skills you can delegate. Don’t try to be a web designer, a computer programmer, and do all the marketing all at once.
By delegating out tasks, you can focus more time on growing your business rather than wasting time better spent elsewhere.
Clarify Your Vision
You need to know what you want right from the start, and that involves having a clear vision. Only by having a clear vision of what you want will you know that you’re on the right track (and get back on track if you need to).
What does success mean for you? Knowing this will guide everything you do and give you a sense of focus.
In addition, it will help you to communicate your goals to your team with greater clarity so they will know exactly what’s expected of them.
You need to constantly be learning when you launch your startup. That means reading (Elon Musk is a famous reader), attending conferences, networking, listing to speakers and constantly looking for ways that you could be doing things better.
Crucially, know how to learn from your mistakes—it’s the best way to learn. This creates the right mindset, one of consistent improvement, and as a result, you will always strive to be better.
Making effort is one thing—making a consistent effort is completely different. You have to work hard consistently to be great. Doing a burst of activity and then stopping achieves exactly nothing.
You need to be consistent to keep improving. Are you not great at communicating what you want to your team? Then keep doing it every day and improve. Have you delivered a fantastic result for your client? Then keep on doing it again and again.
You Don’t Have to Enjoy Everything
You’re launching your startup because this is what you want to do. You want it to be a success, and perhaps it’s in a niche that you love. But that doesn’t mean you will enjoy every moment.
You need to get stuff done. Even when it’s something you really don’t want to do, some things just have to be done. You have action, and you have inaction. It’s your choice.
Go Above and Beyond
You cannot be average; you have to be the best. When you’re trying to break into a competitive marketplace, you have to over deliver every time. That means making big promises and then over delivering on them.
Don’t do what every other business in your niche does. Be different—and be better.
Improve Your Mindset and Watch Your Startup Thrive
Yes, you need a great idea. You need a great team. You need funding. You need lots of things to launch a successful startup. But don’t let your mindset hold you back. Don’t let it be the weak link. Change how you think, get into the right frame of mind, and you’ll be on the road to success.
Abraham | Law: Experienced and Exceptional Business Startup Representation
Michigan Entrepreneurial Business Attorney Mathew J. Abraham and ABRAHAM | LAW have been providing effective legal representation to individuals and businesses for 25 years. If you have questions about starting a new business or management of an existing business, you should call ABRAHAM | LAW at 810-750-0440 or submit an online request to schedule an initial consultation.