Ways to Continually Challenge Yourself as a Business Owner
As a business owner how do you challenge yourself to create desirable results in business? Once you’ve achieved your goals of owning a business and the business is running smoothly and churning out good profits, there is a very high possibility of becoming too comfortable such that you no longer challenge yourself to grow your business to become bigger and better.
This ought not to be so because if you don’t challenge yourself but remain comfortable with the present state of your business, before you know it, innovative competitors will just sprout up and not only catch up with you but also outrun and overtake you. And you know customers are only loyal to businesses that can provide great values to them at the lowest possible cost.
So, in order for your business not to become a thing of the past, you must look for ways to continually challenge yourself.
On the other hand, if your business is not growing well as you’ve anticipated, this can make you to become discouraged to challenge yourself not to give up on your business goals. But if you think about the time and resources you’ve put into your business, you will know that the wise thing is not to give up but to persevere until you achieve your goals.
So, whether you’ve reached your business goals or you are struggling with it, you still have to look for ways to continually challenge yourself as a business owner.
And the good news is that you don’t have to look too far, if you can take your time to read through this post, you will surely find the ways.
IDEAS TO CHALLENGE YOURSELF IN BUSINESS OWNERSHIP AND MANAGEMENT
Learn New Things
As a business owner, one of the fundamental ways you can continually challenge yourself is to always try out new things. You cannot challenge yourself on something you don’t know about, it is what you know about that you can challenge yourself to try out.
Learn new skills that can make your business get better. You can even go to a business school or take an online course that is helpful to your business. Doing this will expose you to new things you are not aware of become and you will be eager to try them out.
Aside learning new things, you can also try out new things by doing something related to your business that you’ve never done before. Be innovative and creative, look for new and better ways of doing old things, look for what should be improved upon in your business.
Have a Vision Statement for your Business and make it Visible
A business mission statement talks about the future of your business. It is about where you see your business going and how it will look when it gets there. I refer to it as the big picture of a business. When you are able to clearly define the big picture of your business- your business vision statement, it will easy for you to envision it in your mind.
Once you are able to conceive it in your mind, you will see it achievable and this will challenge you to take necessary steps and actions to bring that vision into reality. But because of the very many activities you are involved in; it is possible to forget about the vision statement.
So, much more than having a business statement, you must ensure you make it visible all the time. Put it where you can easily see it in your office and at home. You can also create time maybe weekly or monthly to think about this vision statement and envision it.
When you do this, you will not only be inspired and fired up, you will be constantly challenged to do things that will make that vision comes into reality.
Surround yourself with People that will Constantly Challenge You
The people you relate with especially the ones that you spend most your time with will definitely influence you one way or the other. This is why it is very important to choose your company very carefully.
If you want to be constantly challenged as a business owner, then you need to surround yourself with people of like minds who are passionate about your business and are always there to encourage and motivate you to get better in your business.
You also need to get mentors and invest in coaches that you know can challenge you to get out of your comfort zone and take your business to a new and better level.
One of the things that dissuade business owners from taking on new challenges is failure. If you have failed at any attempt in your business, you might find it difficult to make another attempt. You might prefer to be in your comfort zone rather than trying again and failing.
You must not allow the fear of failure to hold you down and hinder you from taking on new challenges that can make your business better. Rather than shying away from failure, confront it and embrace it. Learn from the mistakes you made that resulted in the failure and look for the better ways that you can do it and achieve success.
Learn to Reward Yourself
One of the things that motivate people to do what they do is the reward they are going to get from it. If you receive rewards every time that you successfully do something to challenge yourself, you will always be motivated to take on new challenges.
So, anytime you take on a challenge and you successful achieve it, make sure you always reward yourself no matter how little. This will motivate you to take on new challenges.
As a business owner, if you want your business to consistently grow and remain ever relevant, then you must continually challenge yourself. To achieve this, you need to take conscious and deliberate steps. And I have already helped you by explaining some of the things you need to do to challenge yourself as an entrepreneur. So, you have no excuse, start challenging yourself by applying all that I have explained, one at a time.