There are many traits that successful small businesses share, according to one of the leading small business experts on the planet, Steven D. Strauss. If you run a small business, you may be curious to learn just what those traits are, so that you can transform yours to a “great” small business.
Here is a quick overview of what traits small businesses share:
They’re fun. Let’s be honest here; there are few jobs that anyone would call fun, but in the best small businesses, the sense of teamwork and value placed on employees adds to an atmosphere of joy, creativity, and fun. Do your employees feel valued, and enjoy what they do?
They’re innovative and don’t mind experimenting. Given the rapid pace at which technology changes, it’s vital to keep up with current trends and learn how to do things not only faster, but better. Tweeting, sharing, growing, learning, and adapting – it’s what business is all about, and you can find yourself behind the times quickly if you’re not ready for change.
They’re bold, even when it comes to risk. Today’s small business entrepreneurs aren’t afraid to take a risk, as long as it’s prudent and not too far fetched. Sometimes when you go for it, the risk pans out.
They combine work and play, and are passionate about both. Every successful small business owner will tell you that it’s necessary to put in the hours and the effort to reach success. Work hard, keep learning, and push yourself hard. Push your team hard, too, if yours is a team that “gets it” and understands that reaching the bigger goal is part of the fun, and that reaching those goals results in rewards. The downtime should be savored, but all in all, your entire team is ready when it’s time to put your noses back to the grindstone, saying “bring it on!”
They know it’s about serving others first and foremost; money is not the priority. Sure, every small business owner goes into business to make money; otherwise, what would be the point? What sets those “great” small businesses apart from the rest is that profit is simply one element of a larger whole. Adding value is key, and serving others including not only customers but shareholders and employees is key. Performance can often be measured by the success of the people you serve!
Ultimately, it seems that great small businesses believe in teamwork, fun, being bold when it’s necessary, and being willing to adapt to an ever-changing business world. When money is not the top priority, businesses often find their greatest success.
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