12 Tips for Entrepreneurs

12 Tips for Entrepreneurs

On the first day of Christmas… 2014 has been such a busy year for me with starting a new business, entering the blog world, and realizing just how much interest is out there for my work! I would love to sum up the year by pulling out some important tips I’ve posted in 2014. Here’s a tip for each day of Christmas.

  1. Take care of yourself and your family. I cannot overemphasize the importance of this. As an entrepreneur, you are going to have a lot of people relying on you and asking you for things. And especially when starting up, you are going to be losing a lot of energy. So please, please, make sure you are taking care of yourself and your health, as well as making sure your family doesn’t slide in importance. They will be such a support to you in this process.
  2. Take care of your employees. A healthy business has healthy employees. Make sure they are feeling rested, invested and encouraged! If they feel like an important part of the business, they will be able to fully engage in their work and want to go the extra mile.
  3. Take care of your clients. This might seem like a no-brainer, but make sure your clients feel the love. Send them out a free holiday gift or a Thanksgiving bonus! Make sure you are frequently emphasizing to them how important they are and how much you value them. Your business’s reputation will spread and your clients will stick with you.
  4. Brainstorm. Make brainstorming a regular part of your business’s rhythm. Sit down with your employees (if you have a lot, make sure to include everyone at least once a year), and take feedback. Visualize where you could go or what you could do differently. By brainstorming regularly, you will evolve and not become static.
  5. Be open. When you have these brainstorming situations, make sure you are truly listening and valuing what your team is telling you. They are on the ground in ways you aren’t, and will feel invested in the company when you hear them. Be open to some radical ideas.
  6. Research. Always keep an eye out–and have your team keep an eye out–for new methods and what the market is saying. This will really feed your brainstorming sessions as well as keep you on the edge of innovation.
  7. Be flexible. If the market has a drastic change, make sure that you are ready to be flexible with your business. Change with the tides.
  8. Make decisions and don’t look back. After all the brainstorming and research is done, you really need to make decisions and stick with them. This is the only way progress will happen. Being unable to let old tricks die will only damage your business.
  9. Be diligent. As you move forward with a decision, be diligent to keep a habit of the previous steps. And be careful and persistent in the way that you move forward with your decisions.
  10. Have long-term goals and short-term goals. This is absolutely important for team health. Have long-term goals–a vision of where you want your business to be. This helps your team foresee their future as well as aim for it. Have short-term goals to make that vision not seem impossible. By breaking it down, your team will feel like the goal is accomplishable in these smaller steps.
  11. Communicate everything. Actually, over-communicate. I’ve italicized this for a reason. Miscommunication isn’t only a big destructor for marriages–but for all relationships. Please, over-communicate and spell things out. Do this with your team, and you will all be on the same page.
  12. Enjoy your holiday and break! Lastly, when it comes to holidays that you celebrate, enjoy them. Take time off, be with your loved ones and give yourself time to rejuvenate. These national holidays are in a place for a reason–we all need a break sometimes!

And that’s it! I hope this blog has been an inspiration and resource for you this year. Merry Christmas everyone!

How do you plan to rest this holiday? Let me know in the comments below!

Come back tomorrow for 12 Tips for Real Estate Investors!

Billy Epperhart
Billy Epperhart
  • Freda brodbeck
    Posted at 09:29h, 22 December Reply

    This is great. I especially picked up on: truly listen; make decisions and don’t look back; and overcommunicate.


    • Billy
      Posted at 09:32h, 22 December Reply

      Thanks for sharing, Freda! Merry Christmas!

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