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How To Be A Great, Not Good, Entrepreneur
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How To Be A Great, Not Good, Entrepreneur

As professional golfer Walter Hagen famously said, “No one remembers who came in second.” The quotation above ...

How To Be A Great, Not Good, Entrepreneur

As professional golfer Walter Hagen famously said, “No one remembers who came in second.”

 

The quotation above perhaps comes across as a little harsh, but if you’re a good entrepreneur who aspires to greatness, perhaps you could do with a few tips to improve your business skills. Here is a selection to get you started:

 

1. Decide to what you aspire

What would you rather be—a comfortably successful entrepreneur with a happy staff, a successful family man with a good work/life balance, or the person who sacrifices everything just to be the richest guy in town? It’s your own definition of “great” that really counts.

 

 

2. Inspire loyalty in your staff

Bullying and belittling may seem like the way to behave in business if you watch TV shows like The Apprentice and Dragon’s Den, but “ruling by fear” is awfully last-century. Build your staff team on friendliness and mutual respect.

 

3. Promote ethical practices

Establish your moral code and stick to it. Plenty of really big firms have experienced a nasty backlash when unethical practices have been uncovered—so don’t follow that path.

 

 

4. Do good for the world

If you and your business become successful, think about how you can give something back. Perhaps you could offer apprenticeships for disadvantaged youths or sponsor local charities. Bill Gates, the founder of Microsoft, has given over $28 billon to charities, and he quite rightly commands significant respect for it.

 

5. Always look out for the next project

A true entrepreneur never rests on his or her laurels. If you want to remain inspired and at the top of your game, you should always be looking for the next big thing and trying out fresh ideas. Never allow your entrepreneurial life to become stagnant.

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