Connect with us

Success Advice

5 Tips for Staying in the Game: Successful Business Longevity

Published

on

5 Tips for Staying in the Game: Successful Business Longevity

You know the saying, “If hind-sight were fore-sight, we’d all be successful.” Today’s statistics are quick to remind us that the longevity of most businesses is fifteen years, and the strong stable ones last about 40-50 years. What’s the difference between short-lived with an early death, or a long sustaining business?

Most entrepreneurs are sold out to the power of the dream. They know there will be long hours, hard work and great effort to push the dream forward, but there are a few trade secrets that would be better known in advance.

Here are 5 tips for staying in the game:

1. Own your world

Define your success. If you haven’t already, write down what success means to you. Develop a mission statement about who you are as a person and business. Then filter opportunities that align with that directive. Build a strong ethical filter and modify but don’t deviate from your purpose. If you strive to be everything to everyone, you really won’t be your best for anyone. Remember everything you do, develop or become, has the potential to influence others to rise to a higher level in their lives. Bring them along with you as success stories.

“The trick is in what one emphasizes. We either make ourselves miserable, or we make ourselves strong. The amount of work is the same.” Carlos Castaneda

2. Character and reputation

You only get one. Good and bad reputations live for a very long time in people’s minds. It’s not impossible to rebuild or remake who you are, but once you’ve tarnished your character, it’s a long hard climb to repairing it. On the flip side, other people want to align themselves with quality character and positive status. Don’t apologize for who you are, but ask yourself if you would want to align yourself with you. When you put clients’ needs first, they’ll clear the way for your success, and you build repeat, as well as generational customers.

 

3. Be Passionate

One of the greatest gifts of being an entrepreneur is the freedom to be passionate about what you do. Starting a business is much like pushing a large boulder up a steep hill. It’s hard, but worth it. Consciously, use your emotional energy in a positive manner and everyone wins. Getting up every day looking forward to what you do will make the long hours and hard work worth it.  If it were easy, everyone would be doing it, stay the course.

 

4. Stress and Fear

There are several kinds of stress, it’s how you choose to perceive it. Deadlines can be stressful, or they can be forced time management. Financial strain can sometimes be the motivation for ingenuity—use it. Failure can help you understand what’s not working and inspire you to develop another plan. Don’t let fear paralyze you. When fear stays bound up inside in an emotional state it can be crippling. Call it out, categorize it and then solve it or design a new plan. Use stress and fear to your advantage and call it ‘focus and motivation.’

 

5. The balancing act

Plan for success. Work hard at it. But don’t live to work. As hard as it is, build working hours and stick to them. Work to build stability but also embrace flexibility. There’s a time to set boundaries and a time to roll with the punches. Appreciate those who work for you and value their off time as well. Spend time with friends and family. Don’t buy them off, instead spend time with them. If tomorrow everything you’ve hoped for in your entrepreneur dream explodes, your family and friends will be your saving grace, and supporters. Treat them well.

Learn to spend time alone and enjoy it. Discover the value of just being still—no electronics, no agenda. Take ten minutes every day to breath, to clear your mental clutter and to listen quietly. It’s harder than it sounds, but you’ll be better for it. Following these times write down your constructive thoughts and itemize a work list. You will be more productive through the day.

“You only have to do a very few things right in your life so long as you don’t do too many things wrong.” Warren Buffett

Knowing who you are, building a roadmap to your success, valuing yourself and others, guarding your reputation and passion will facilitate your successful longevity. Practicing some or all of these tips may make you stronger and better equip your success and longevity.

What tips are you learning and would pass on to others?

Pam is a freelance writer passionate about family and equipping others to personal success. Her online magazine, The Modern Woman (www.TMWLife.com ) is written for women, but works hard to equip parents and entrepreneurs to be their own boss of: schedules, influence and income levels. You can find her at www.pamalajvincent.com , Facebook and Twitter.

Advertisement
2 Comments

2 Comments

  1. Nick Scuderi

    Nov 9, 2015 at 4:32 pm

    This article is great. Passion is truly the force that pushes us and we need to take control of our lives. It’s sad to see life taking control of people without the people even realizing. However, balance is very important as well. I actually just did a video on balance to have a happy life and related it to driving. I just wish more people could look inside of themselves to see what they can do.

    • Pam Vincent

      Feb 19, 2016 at 8:50 pm

      I agree Nick. We live in a society where we run mach II with our hair on fire…forgetting that we work to live rather than live to work! I’d love to see your video. You can reach me via http://www.pamalajvincent.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

The Four Ps That Influence Effective Negotiation

Published

on

Image Credit: Unsplash

If you’d like to learn how to effectively negotiate so you can come out on top in life, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.


Business negotiations often feel like a seesaw of wins and losses. One day, you feel competent and on top of the world, and the next, you feel like you’ve missed something crucial. That cycle can feel brutal, especially because not a day goes by without negotiation. Every goal you set, every conversation you have—they are all forms of negotiating, and without them, the work wouldn’t get done. (more…)

Continue Reading

Success Advice

8 Traits of an Effective Business Leader

Published

on

Image Credit: Unsplash

If you’d like to learn how to be an effective leader so you can influence and inspire others, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.


If you’re leading a business, there’s no question about whether you’re a leader or not. You are a leader. The only question is what kind of leader are you? Some people think that inspirational leaders just happen—they’re a product of personality, circumstance, and talent. While some may take to leadership more easily than others, anyone can develop themselves into an inspirational leader through intentional and thoughtful work on themselves. (more…)

Continue Reading

Success Advice

Why Body and Mind Harmony Are So Necessary for a Successful Life

Published

on

Image Credit: Unsplash

If you’d like to learn how to have a good balance of mental and physical health so you can live a successful and prosperous life, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.


In the times when so many people are experiencing extreme amounts of strength and have to constantly put up with a lot of pressure, looking after mental health has never been so essential. Here is how body and mind harmony are the most important professional traits. (more…)

Continue Reading

Success Advice

Take the Time to Answer These 3 Questions if You Want to Be Successful

Published

on

Image Credit: Unsplash

If you’d like to learn how to succeed in the areas of your life most important to you so you can live your best life, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.


I’ve personally never met someone who hasn’t had or doesn’t currently have success on their mind. I do believe we all have unique and different views on what success means to us, but nonetheless success is something that we strive for. The definition of success; based on my google search of the word, is “the accomplishment of an aim or purpose.” (more…)

Continue Reading

Trending