This week I will be joining hundreds of successful Entrepreneurs and Business Owners at Wales’ biggest business expo, Introbiz.
From Grant Cardone to Lord Sugar, delegates will have the opportunity to learn from Entrepreneurs who have made it big through a series of talks and seminars, where I am looking forward to introducing Lord Sugar to the stage.
So, what does determine business success? Having built Hunter Jones from a start-up into a multi-million-pound investment introducing firm in just five years, I’m certain that the following 5 points are key:
Your network is your net-worth
Ever heard of the saying ‘show me your friends and I’ll show you your future’? Well, it couldn’t be more accurate. Part of being successful in business is surrounding yourself with like-minded professionals – those who support and believe in your goals, not those who drag you down. Ultimately, spending time with people who are more successful than you, will make you strive for the same level of success.
Seek out a mentor
Finding a Business Mentor with the success credentials to prove it, will directly influence your growth. From talking through their own successes and failures, to being on hand to offer advice, support and guidance, Business Mentors can help advance your problem-solving skills, whilst boosting confidence in your own decision-making capabilities.
Delegate, delegate and delegate some more
When starting a Business, you have no choice but to do everything yourself. However, as the Business grows, it’s important to recognise the point at which you need to hire staff and let go of some of the day-to-day responsibilities. So many Entrepreneurs struggle with delegation, but it’s this struggle which affects their business growth for the short and long-term.
Make yourself valuable and customers will come
The majority of people purchase a product or service in order to solve a problem. Therefore, making sure that your product or service is standout and valuable is key to sales success.
For example, if you are a Personal Trainer, take the time to become an asset to your clients, by providing them with additional tips and advice outside the gym, such as tailored meal and exercise plans. If your clients experience continuous value, they will not leave and, more importantly, they will be more likely to recommend you to others.
Don’t be afraid to take risks
Taking risks and business success come hand in hand. The majority of regrets are associated with the things people didn’t do as opposed to the things they did do. You’ll never know whether something was right for your Business if you simply don’t try.