Whether you succeed at starting, or running your own small business is going to depend primarily on your ability to master the mental games; the mindset that will allow you to run your business with as little stress as possible, and the most efficiency. In this section, you’ll find suggestions about how to hone your small business thinking and emotions, whether you run a business with employees or a solo, one person business.
Many people learn their business principles via schooling, training courses,? books, or even by trial and error. Trial and error is a poor method because the mistakes you make due to not knowing the in’s and out’s of running a business can put your business…
Since all people are subject to various cognitive biases on a regular basis, at least some of those biases act as double edged swords — they can negatively impact on a business owner’s decision making by distorting the reality of the business and the market….
Cognitive biases are not just the stuff that researchers and psychologists discuss and analyse. They play critical roles in how we make decisions as small business owners and operators, but they also affect our decisions made as purchasers of services and products from other vendors….
We view the world through a range of prisms and distorting “googles”. All of us. In turn we make decisions everyday that affect our lives and small businesses. However we all suffer from cognitive biases that can throw our decision-making off due to reality distortion…
You can’t respond to complaints unless you know they?exist. In addition, if your goal is to gather business intelligence?about your customers’ wants and needs, you need?to know where they are and what they say. To identify?people you might want to contact, you need to scan,?search,…
There are really THREE stages of business growth for small businesses (defined as having less than 100 employees). The first is the solo entrepreneur who starts the business and operates it as the sole person in the business, perhaps sometimes assisted by external resources (family…
Q: Robert, you’ve just semi-retired after twenty five years running Bacal & Associates as a solo business. Was there ever a point where you wanted to grow your business into something a lot bigger, with employees, and the trappings? Robert:? Well, yes and no. Unlike…
The universe sometimes conspires. I spent a good part of today talking with a colleague about how important is is for a small business owner to understand his or her core business, AND to orient all activity towards furthering the core business. Then I realized,…
Involving Family, Trusted Advisors As Feedback Sources To Keep You And Your Business Sane Due to the financial, mental, and time demands of starting?and running a small business, family and friends can either?help or hinder you. Perhaps more important, starting and running a business…
Handling Tough Times For Small Business Owners Small business owners will face downturns in businesses, so it’s important to master the mental game of remaining focused so as to “work through” things when they get tough, and to come out the other side. A…
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