Are You Right to Run a Business?

It is hard to run a business. There are many plates to juggle even if you’ve got a great team and lots of your stuff is automated. A staggering number of businesses fail within 5 years, some more spectacularly and noticeably than others. Some never become as successful as they could be and just get by every month. Now, I don’t believe that running a business is right for everyone. Some people just aren’t built to be the person in charge, and that’s OK since most businesses aren’t successful with just one person in them. Let’s take a look at a couple of things that may make you the right person to run a business.

You have the leadership to run it. Last week we talked about exponentially growing your business and 4 keys to doing it.  If you want your business to succeed, you have to be able to step up to the plate and lead your clients, suppliers and employees.  Or if you aren’t able to be the needed leader you either have to hire someone who can lead on your behalf.

You know how to prioritize, schedule, get things done and stay on task. If you really want to succeed things have to get done! If you can’t create a plan on how to get things done, can’t figure out what is really a priority, get yourself on task to accomplishing the things on your schedule, you will soon fall behind on the details and the business will flounder or fail.

You have the support you need. No business is run without some kind of support, whether the technical stuff like social networks or websites or product creation or service delivery.  Part of prioritizing is knowing when you need more help and to hire the right help. It may be tempting to go with the person or company who can do stuff the cheapest, but it may be better for you in the long run if you choose the company that’s a little more competent and willing to work with you long term.

You are willing to love your customers.  Depending on how you see things this could be the first question in whether or not you can run a business or just one of the top 4. In many ways for many businesses the customers they work with become part of their family.  If you aren’t willing to really care for your customers and their needs, you either have to constantly get new customers, or only be in business a short time.  The most successful businesses are those who really pay attention and care for their customers.

What would you add to this list and what words of advice would you have for those just starting a business or considering one?

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