If you want to be a successful entrepreneur, Byron Johnson has some words of wisdom to share. His concern specifically pertains to lifestyle choices that would need to be dropped. Not only are they harmful personally, but they can get in the way of running a good business.
If you are a budding or an aspiring business person and would rather avoid closing shops shortly after opening, you’ll want to keep these suggestions in mind. More importantly, if you have lofty dreams about where your business will go, you definitely want to listen to what Byron Johnson has to say.
Learn to Stand On Your Own
There is a difference between delegation or asking for advice and becoming overly reliant on others. One is just standard business practice while the other is codependency. If you are ever going to be a successful entrepreneur, you need to become independent.
This means standing on your own two feet, making your own decisions, and drafting plans for your own life. No one must make those decisions for you and you must NEVER allow anyone to influence your thoughts.
The most successful titans in the world of business are those who push the boundaries for their vision. They tell others what to do. They don’t let others tell them what to do. This is absolutely necessary for business success, Byron Johnson explains.
For many business owners who are always relying too much on friends, family, and business partners, failure is pretty much guaranteed. How can you run an enterprise when you can’t make up your own mind?
You would essentially be putting you and your business at the mercy of someone else. You won’t be in control. Not completely.
Now, the first step to gaining true independence is to obviously stop relying on others for financial support. This goes for your friends, your parents, or your romantic partner.
Next is to take charge of your life. This means planning out exactly what you will be doing with your business. What do you want to achieve? How far are you willing to go?
When you can see your objectives clearly in your mind and have no doubts about them, only then are you truly independent.
Develop a Business Perspective
When you become an entrepreneur, several things will quickly become apparent and one of them is the need to change your perspective. Several perspectives, to be sure.
As Byron Johnson points out from his experience launching his nationwide insurance agency CheapCarandHomeOwnersInsurance.com, to become a business person is vastly different from being an employee. Suddenly, everything has a price and profit becomes one of the driving forces behind your decisions. Money doesn’t necessarily have to be the main objective, but it can’t be ignored either.
The main point is that you will need to develop several habits with this change in perspective. First, you need to make negotiation second-nature. If everything has a price, you can work on this skill to always get a better deal.
Next, you must learn to recognize opportunities as they come. Whether you take them or not is a topic for another day. The important point is that you develop a keen sense for chances to make money.
Last but not least, you need to see every relationship as a business relationship. Now, there’s no need to worry. This isn’t as sterile as it sounds. Basically, every interaction takes some form of “give and take.”
This can be anything, from love and respect to profits and gains. It might seem crazy to think about relationships that way, but it isn’t necessarily wrong, either.
What’s more, by developing this habit, you will always be in control of your situation. You can see hurt and heartbreak a mile away. Likewise, it would be easier to see who is worth emotionally investing in.
Become Extremely Organized
Running a successful business requires a staunchly organized frame of mind. Becoming scatterbrained will lead to mistakes and then into a spiral of errors. You can avoid this by coming up with countermeasures and planning ahead.
Being organized means understanding the value of time. Every single second count and wasting time is also wasting money. To avoid that, you will need to plan out your days right down to the minute.
Most people would dread that level of organization, which is why there are very few successful entrepreneurs. It’s not just about coming up with profitable ideas. It’s also about making sure that the business remains operational long enough to profit from those ideas.
This means managing people, keeping an eye on the market, meeting with partners or investors, scheduling operations and events, and so much more. As a business person, you will literally be living in the future and the present at the same time.
Naturally, being organized also means being able to handle people, which is another thing on its own. It’s one thing to set shifts and task schedules. It’s another to make sure that those are done right.
As such, being organized also means putting the right people in the right positions to do the jobs you need them to do. Byron Johnson recommends meeting with consultants and advisors to get this right.
About Byron Johnson:
Byron Johnson is a serial entrepreneur and investor who started his career and opened his own business by franchising Liberty Tax in 2012 and in 2014, built his own Florida based insurance brokerage. Over the years, Byron Johnson’s credibility and leadership in the insurance industry has been topnotch, garnering several awards and regional recognition for his companies. As a skilled builder of teams, Johnson has expanded his insurance agencies, offering coverage nationwide.
On top of that, Byron owns a construction company and a 50-unit commercial property. He is an unstoppable man when it comes to business. His wit and experience combined made him a business magnate at the age of 35.
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