Perseverance is Neccessary

Perseverance is defined as the steady persistence in a course of action, a purpose, a state, etc., especially in spite of difficulties, obstacles, or discouragement.

How appropriate that an Entrepreneur possess this quality to be successful? Facing difficulty, obstacles, discouragement, setbacks and even failures are nothing new for Entrepreneurs. Frustration due to obstacles is common for all endeavors. The successful Entrepreneurs are those who keep on going and overcome obstacles.

Entrepreneurs who come through even after facing challenges are the ones who have a laser focus on their Mission and can navigate a steady, persistent course without being unduly discouraged. The story about the spider weaving a web despite repeated failures comes to mind.

If you desire to succeed in achieving your Mission, have perseverance! Your people will be inspired and support your efforts.

Ravi Patel

www.patelCFOservices.com

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Published in: on November 28, 2017 at 4:36 am  Leave a Comment  
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Be Thankful!

Entrepreneurs have a lot to be thankful for!

First and foremost are our country and the free market system that allow Entrepreneurs the opportunity to create and grow businesses and prosper.

Employees are the backbone of companies and Entrepreneurs should be thankful for the dedication, loyalty and hard work put forth by their people to make businesses successful.

No business can sustain itself without customers and clients. Be thankful to your sources of revenue for putting their trust in you to provide services and products.

Entrepreneurs should also appreciate their suppliers and service providers who continue to supply essential goods and services to sustain their businesses.

Shareholders and financiers who have invested in your abilities to grow the business and provide a return on their capital should be high on the list of people to whom Entrepreneurs are grateful.

Do not forget to appreciate your gratitude to your business advisors who provide a sounding board for you to share ideas and seek advice.

Lastly, the community that you operate your businesses in should be appreciated also.

So on this Thanksgiving, I encourage Entrepreneurs to express their gratitude to the above stakeholders in your companies.

Ravi Patel

www.patelCFOservices.com

Published in: on November 21, 2017 at 4:43 am  Leave a Comment  
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How to Make the Right Decision?

Being faced with hundreds of decisions, how do Entrepreneurs go about making the right ones?

Generally ideal decisions are made with facts, experience, skills and other people’s input gained over time. Sometimes one’s gut or instinct plays an important role too.

Irrespective of how Entrepreneurs arrive at it, the perceived popularity of their choice must never be a factor in the decision-making process. Do what is right, not what is popular!

Right and wrong does not depend upon how many people are for or against a decision. Entrepreneurial leadership is not a popularity contest, but rather leading people the right way towards fulfilling a common Mission. Popularity comes and goes, but true leadership remains.

Entrepreneurs must have the courage to make the right decisions.

Ravi Patel

www.patelCFOservices.com

Published in: on November 14, 2017 at 4:53 am  Leave a Comment  
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Be Credible

Talking a great game is easy for a lot of people. They convince others that they are successful even though they might not have done anything. Are they credible?

Entrepreneurs should learn from such people how not to conduct themselves.

Whenever speaking about your product, capabilities and skills, be confident and assertive yet understated. Don’t oversell yourself. In any case, don’t lie.

Let your actions speak loudly. Be exceptional in delivering results and let that do the talking for you. People who need to will be more impressed with your results rather than your promises.

Be understated in your talk, but exceptional in your actions to build credibility!

Ravi Patel

http://www.patelCFOservices.com

Published in: on November 7, 2017 at 4:34 am  Leave a Comment  
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