Becoming a successful business owner can be a hard slog – but getting it right may bring huge rewards.
Whilst there are those who hit on a brilliant idea or develop a breakthrough new technology, most businesses offer a product or service that isn’t necessarily something totally out of the ordinary, and so there’s plenty of work needed to establish the business and to keep it running profitably.
Constantly assessing how your business is doing is an important part of making it a success. Every entrepreneur should spend some time being introspective, and learn as much as possible about their business.
Among the lessons that successful entrepreneurs can attest to being valuable is that it doesn’t make sense to go it alone at all times. Many will advise an entrepreneur to ‘learn from the best’ – in other words, tap into the thinking of the other successful business owners, whether they are big names such as Richard Branson or Jack Welch, or a former boss, or another entrepreneur in your city or in your industry. Other business owners will always have valuable insights and experiences to share, so make use of this gold mine.
According to Robert Wilcocks, the Managing Director of London financial advice firm, Wilcocks & Wilcocks, “Whether you’re looking for new business opportunities or to build connections with those in the same industry, joining a community of like-minded people is the first step in creating these opportunities. A network creates opportunities to discuss any issues or dilemmas you might be experiencing as a business owner.”
Wilcocks has found great value from his membership in a formal network, such as Entrepreneurs Organisation. He has been a member of the London Chapter of this international group for many years, giving him access to a global network of over 15 000 entrepreneurs, all of whom have businesses that earn more than US $1million annually.
A formal network such as Entrepreneurs Organisation may also provide for…
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