The infograph below was brought to you by the Business Development Bank of Canada (BDC). The opinions expressed herein are those of the author and are not indicative of the opinions or positions of the BDC. For additional smallbiz tips and advice, visit bdc.ca or follow BDC on Facebook and Twitter.
Entrepreneurs have a lot on their plates:
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To say business ownership can be challenging is an understatement. When you start a business there is a tremendous learning curve. As a business owner you start a business because you are passionate and talented in solving problems for your customers. Having a talent and being able to appropriately run every aspect of your business are two totally different things.
The Fun Stuff:
I am motivated, excited and have expertise at helping small business owners market their businesses. I wish it could do just that all day long because that is the fun stuff…. However there is a lot more to business ownership then just the fun stuff.
The Not So Fun Stuff:
There is bookkeeping, web site hosting and e-commerce duties involved in running my business. These are things that I knew nothing about when I started my business. I call these the not so fun stuff. I learned what I could and I have outsourced the things that I felt were too important to handle myself. The Result? I try and spend as much time as possible doing things that I am skilled in and love to do. It is a constant struggle for me to stay focused and motivated in my business because I often feel outside of my comfort zone.
How to Keep the Entrepreneurial Spirit, Drive and Motivation Alive:
Look for sources of inspiration:
- Reading Material – I love to read business books and consult magazines and web sites for ideas and inspiration. I also like reading books that make me laugh. Tina Fay’s Bossy Pants had me in stitches, yet I learned new concepts while laughing!
- Running in natural settings – I feel most creative and tapped into my best ideas when I run. This helps me to sleep better at night. A well-rested entrepreneur is a happy and motivated one!
- Attending Events & Conferences – Just being around other business owners helps me to tap into my creativity. Networking fuels my excitement to keep going. Hard to give up when you have others around to motivate you!
The more I learn about myself the more I tap into my passion. I constantly revisit my strengths and see how I can adjust my business to be best suited for my strengths. I find when I do this I ignite my passion and boost my self- esteem to work more effectively. Great resources for this include:
This is by far the hardest one. Repeat after me: “Do what you say you are going to do”. You have no boss. You are the boss. There is no performance review. Use metrics and hard numbers to see how you are doing. Always listen to your body. What is it telling you? Looking at year over year results for me has been exciting. Every year for the last few years I have doubled my financial results. However what will I do when that matrix starts to change?
Here are some ideas:
- Have an accountability partner – someone you check in with each month to see if you are doing what you said you would do. Have goals and share it with your accountability partner.
- Here are some online tools: http://www.goalmigo.com
- Bloom (App)
- Asana (App & Web Site)
The Bottom Line:
Work daily to feed your inspiration, passion and drive to keep you going. Remember to take stock of your accomplishments and pat yourself on the back for all your little accomplishments. Having gratitude in everyday living in your business will keep the positive energy flowing.
Think passion and entrepreneurship make a perfect fit? This infograph is your proof….
The Business Development Bank of Canada is the only bank exclusively dedicated to entrepreneurs. From over 100 offices across the country, BDC helps more than 28,000 small and medium-sized businesses reach their full potential by providing financing, subordinate financing, venture capital and consulting services (www.bdc.ca).