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An Entrepreneurs Secret To Owning Multiple Enterprises.
Being a kingpin means being accountable for your actions. The balancing act of juggling various priorities require a calm confidence and immense focus on the task at hand. This quality can be developed through practice. Here, discipline is the magic wand. Although, its important to remind yourself that everything will not turn out to be perfect, yet your dedication should be the backbone of your performance. Time Management plays a vital role in executing the disciplinary traits.
Equip yourself with things that will make your journey comfortable and effective. Things like a note pad; it may be in physical form or electronic form based on your ease. This will help you immediately record ideas and information that crops up in mind and later you can review them and put to use accordingly. You will find you are more organised and you'll develop great momentum as well.
Another important factor is to centralise everything into one office. You can have different places to operate from, yet, there should be one place from where everything not visibly seen by the customer is run by the same engine, this results in reduced cost and helps to achieve scale faster. Hire a team for your companies that can do things that you can't do. Hire people that are smarter then you and then give them the freedom to explore their talents. This will result in sustaining high quality employees and in turn lead to success in your ventures. The only way to run multiple ventures is to have a rock-solid team. Treat your team with understanding and respect and boost their self-esteem occasionally. Believe in your team and acknowledge their feedback and opinion for improvement. Communication is the strength and friendship is the foundation of any successful relationship whether personal or professional.
Look for support from people further along than you. These are the people who will encourage you to take calculated risks and will guide you to not get affected by unnecessary criticism from people who fear risk or can't relate to entrepreneurs.
Another crucial factor and one which has a game changing effect is to learn to educate yourself, and by this I don't mean gaining educational degrees and diplomas but what I mean is to develop a habit of reading. Reading opens the door to different perspectives and possibilities. The best investment is to invest in improving yourself consistently, as it will in turn improve all your endeavours.
It's a great quality to measure performance as it makes it easy to catch where we are falling short from achieving our goals. Know what matters to your business and have reports prepared at necessary intervals, which will vary according to the type of business.