A few weeks ago, I gleaned knowledge and some business insight from a fellow Orange Mound Memphian and self made millionaire Carolyn Hardy at the Entrepreneur’s Roundtable Luncheon.
Here are a few tidbits I gathered if you’re in business:
1. Business is who knows you and who knows you favorably. Continue to network.
2. Be patiently aggressive. Haste makes waste. Follow your ideas and stay on top of it. Stay market sensitive.
3. Don’t leave dead bodies. What and how you say it matters. The CEO is the biggest salesperson in your company.
4. Life is not and never will be a fairy tale. Business requires a balanced life, team and goals. Entrepreneurs dislike negativity. Don’t interrupt positive vibes. Your significant other needs to be supportive of your business.
5. Know your worth and be comfortable in who you are. Know your business better than anyone else. What is the gold standard? Listen to your customers to see how you can improve your business.
6. Don’t allow excuses become your food to failure. You always have A,B,and C options. Plan A is optimal but Plan C will get you there.
7.Problems are opportunities that have yet been invented yet.
8. Destiny is not a matter of chance, but it’s a matter of choice.
9.The best friend you can have is the one who tells you the truth.
10. Don’t fall in love with your company. Your company should raise itself. Sometimes you’ve matured and can’t take your biz any further. Know when to bail out. Be truthful with yourself.
11. Know what your end game is in business.
12. Your network is your biggest ally. Pick up the phone. Make contact. You have to get pride out of the way. Use your resources.
13. The more bumps you have, the more successful you are in business. Look at the bumps as a positive.The gravity of your bump is up to you. Get pride out of the way. Keep moving forward.
14. As an entrepreneur you want to stay away from being normal.
15. There are 2 kinds of cycles. A cycle of poverty and a cycle of success. Which one are you going to buy into?
16. Business is about sacrifice. Stop giving excuses about not having enough time or money. Investing in your business is investing in yourself.