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Build your business on the 5 elements of simplicity

More often than not, the idea of starting a business seems way too complex and frightening. Most believe they wouldn’t be able to handle the challenges or have no idea what awaits them. And so, they decide not to pursue an idea or a dream and quit before they even start.

Build your business

However, Accountant Online are presenting five easy steps to build your business. Like little checklists, they’re there for you to rely on whenever you feel overwhelmed. Believe it or not – they work like a charm!

Priority

“If you chase two rabbits, you will not catch either one.” – Russian proverb

Prioritise the thing that your company needs the most right now.

Is it improving your product? Finding investors? Getting a new office space? Sort them from the highest to the lowest priority, and then focus on doing them one at a time. Once you know what the first goal on your list is, you can start organising your tasks and pushing all your efforts into achieving that goal.

Focus

“My success, part of it certainly, is that I have focused in on a few things.” – Bill Gates

It becomes easy to lose focus when your every day is hectic. Ensure you have ways to keep yourself grounded and focused on building your business. Make monthly milestones that will be visible to you and your team. For personal use, write up daily and weekly to-do lists.

Also, try to set aside up to an hour each day to take a step back and assess your company’s current state.

Commitment

“Winners never quit and quitters never win.” – Vince Lombardi

This has to be the single most important element of them all. The economy, the market, and almost every industry are like shark tanks. Building a business from the ground up is a difficult uphill battle.

There will be days when you will doubt yourself and your business. It’s an all-too-normal reaction. To make sure you stay committed, whenever you falter, remind yourself why you are building your business. Have a personal mantra that you’ll repeat when the going gets tough.

Consistency

“We are what we repeatedly do. Excellence, then, is not an act but a habit.” – Will Durant

Some goals can seem far too big to be achieved, or difficult to work around as we hit wall after wall. What’s important then is to keep finding new approaches.

The best thing you can do is to break down the goal into bite-sized tasks and spread them out over longer periods of time. You’ll notice how less scary a mountain looks when you prepare for the climb in advance.

Flexibility

“Blessed are the flexible for they will not allow themselves to become bent out of shape!”  – Robert Ludlum

Now that your business goals seem achievable, you’ve gained some momentum and you’re working on those smaller tasks, feeling good. All of a sudden, a more immediate task or goal becomes important and you need to jump out of the routine.

In this case, it’s good to remain flexible and set aside your primary goal to put out any fires that have come up. If you have any experts on your team for that specific issue, delegate the work to them. For example, a lead programmer for a massive website error, or an accounting company for financial trouble. Note that it has to be someone trustworthy. Someone who will know how to act in your and the company’s best interest.

In conclusion

Staying focused, committed, consistent and flexible, all at the same time seems unachievable, doesn’t it? But the key is in going one step at a time and finding simple solutions that will bring you closer to your goal. Success hides in dedicated work, and the experience you gain from both good days and bad. So, grab the bull by the horns and take that leap!

More on starting up your business and motivational quotes from business leaders.

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