Tips From A $50M Female Entrepreneur (Third Part)

Lose the fear of asking for help

6. Avoid People Problems By Hiring Right And Setting Expectations

Ramsden said one roadblock of entrepreneurship which consistently rears it’s ugly head is “managing people.” But you and I both grasp the importance of taming this monster. Build the right team with the right people, you set the foundation for success. But the wrong team with the wrong people equals disaster.

Ramsden’s solution? “Hire based on culture and core values fit the intangibles not shown on their resume then be very clear about your expectations and leadership weaknesses up front.”

7. Look In The Mirror And Be Brutally Honest With Yourself

Want to know the number one factor to your success or failure? Look in the mirror. Yes you’re the factor. Wise entrepreneurs have the ability to look at themselves with unbiased judgement. When they see warts and shortcomings, they make a move to improve themselves. Ramsden agreed; “Be honest with yourself in a way where you’re very realistic about what you’re capable of.”

8. Ask For Help When You Need It

Ramsden battled cancer and won. “Cancer cells are cancer cells and they will go on reproducing whether you acknowledge their existence or not. Same in your business. Cancer is there regardless so keeping a business healthy means you have to get over yourself and ask for help to eliminate it.” The best entrepreneurs surround themselves with those smarter than themselves and then aren’t afraid to ask for help when they need it.

Do you follow these best practices? As for me, I look forward to applying #7 and 8 with more intensity as these are two keys to continued prosperity.

Read the full article at:http://www.forbes.com/sites/ericwagner/2014/02/04/8-simple-tips-from-a-50-million-female-entrepreneur/

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

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