Ways to Stay Motivated as a Business Owner

25 Jul, 2016 / Comments: Comments Off on Ways to Stay Motivated as a Business Owner / By

Once you’ve established your business and the thrill of getting it up and running has worn off, you may find yourself with quite a few challenges that you have to work through. It can be tough to stay motivated to keep your team going strong and your business thriving. Although being the owner of your own establishment has major benefits, there are times when it can feel like an uphill battle and you need to remind yourself why you decided to become an entrepreneur. Let’s take a look at ways to stay motivated as a business owner.


Get Out of Your Comfort Zone

Comfort zones are all about feeling safe and in control. However, after a while your comfort zone can get boring, which can lead to a major lack in motivation. Don’t be afraid to step out of your box and into new territory that you’re not necessarily familiar with. For example, try something you’ve never done before such as kickboxing or cliff jumping. You’ll often find that when you do something that you’ve never done before, you’ll get a major boost of motivation in all aspects of your life, including your business.



Surround Yourself with People That Motivate You

Being a successful entrepreneur takes a lot of perseverance. The desire to succeed and achieve often is what keeps entrepreneurs going and motivated, even when they fail. If you’re having difficulties in keeping your morale up after an extended period of time of running your business, then determine the key people that will make you successful. Whether it’s a mentor who will keep you motivated to attain goals or a younger employer who keeps your energy up, surrounding yourself with people who are rooting for your success. It will help keep you going and motivated no matter the hills you must climb.


Get Thirty Percent of Your Work Done In the Morning

There have been several studies that show that people are the most productive when they first wake up in the morning. Take advantage of this fact by getting straight to business after or even during your morning cup of coffee. You’d be surprised by how much work you can get done in the first 40 minutes of waking up. In fact, some of the most successful entrepreneurs claim that this morning routine helped them in achieving success.


Create Realistic Goals for Yourself

If you are getting a startup up and running and your initial goal is to make a million dollars by the end of the year, then you may end up being disappointed. Instead, create a set of more reasonable milestones that you can use to keep track of your progress. Establish a long-term strategy for your business, and then create realistic goals with the means to achieve them. This should include everything from increasing your social media strategy, marketing, networking, partnerships, as well as hiring great employees. Design a plan and tackle it every day.


Surround Yourself with Positive Affirmations

Although you may think positive affirmations are cheesy, there’s a reason that some of the top entrepreneurs swear by them– they really work. Make sure that you change up your affirmations and even move around where they are posted to shake things up. Whether you post a quote from Richard Branson or an inspirational speech from your favorite football movie, maintaining small affirmations around you will help keep you on track and ensure that your mind doesn’t wander from the tasks you have at hand.


William Mahnic
William Mahnic is a Finance Professor at Case Western University and has spent more than 20 years in the finance industry before becoming a professor. Mahnic has appeared as a commentator on both TV and radio talk shows including NPR, Crain's Cleveland Business, WKYC 3 and The Washington Post. He has been interviewed in BusinessWeek, Wall Street Journal and The Los Angeles Times.

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