In today’s landscape, a home business can be just as competitive as a big corporation. Thanks to instruments such as digital marketing and outsourcing, you can grow your business in a sustainable way and achieve the success you are aiming for in time. It all depends on how you run your business and carry yourself as an entrepreneur, but there are a lot of successful entrepreneurs to learn from.
Here are the three things you can learn from successful business moguls who started out with small businesses:
Stay Curious
Curiosity is one of the most important traits to have as a business owner. By staying curious, you can always find new avenues to explore and enjoy more opportunities from those explorations. Being curious is also a great way to overcome challenges in business, especially the ones that require you to learn new things and master new skills before you can conquer them.
Michael Alden, a producer and studio executive at Cannon Films, believes that staying curious is also how you stay relevant. Sticking to what you know isn’t the kind of attitude you want to have as an entrepreneur. It may be necessary at times to venture into new territories and pursue opportunities so that you can really grow as a business owner.
Give Back to the Community
Giving back to the community isn’t just a way for the business to write off taxes and gain credibility; it is a way to build a genuine relationship with the community and its members. Many more opportunities will come from the strong bond you have with community members around you.
Evangelos Marinakis, investor and international businessman, is a huge advocate of helping communities grow alongside businesses. When the city of Mandra in Greece was hit by a huge flood, Mr. Marinakis and the Olympiacos football team were the first to offer support.
That aid was crucial, and Mr Marinakis led efforts to help the people of Mandra himself. This resulted in the team and the businesses behind it becoming more attached to the local community, and the community was more supportive in return.
Be Objective
Emotions and personal thoughts are healthy things to have as a business owner. When you are faced with different challenges every day, having the ability to process emotions and to think things through is essential. However, you must not let your emotions control a large chunk of the decisions you make.
“Becoming the calm operator who is decisive when others get emotional gives you the unfair advantage,” said Com Mirza, the man behind Mirza Holdings. He went through a series of failed ventures, but staying calm allowed him to learn from those mistakes. That experience is also the reason why he is now worth more than $500 million.
These moguls went through a lot and learned so many things. Now that you have learned from them, you can implement these insights and become a successful mogul of your own, all while avoiding making the same mistakes.
