Don’t Be Too Hard On Yourself

Entrepreneurs are people who drive hard to achieve their goals. Most want to do everything right and are generally impatient for results.

Similar to everyone else Entrepreneurs too make mistakes. Some are relatively minor while others can be major and might even result in losing their company. When they make mistakes Entrepreneurs are hard on themselves as they feel totally responsible. How should they react?

Learning from mistakes is the correct thing to do. Learn why the mistake was made and implement processes and controls to prevent future occurrences.

Depending upon the nature and impact of the mistake, Entrepreneurs often dwell on it. Entrepreneurs need to learn to forgive themselves for such mistakes. Forgiving one’s self doesn’t mean absolving you from responsibility. As long as it was a mistake and not a calculated act of unethical or unlawful behavior, forgiving themselves would allow Entrepreneurs to move forward positively instead of drowning in guilt.

Accepting responsibility, taking corrective action and forgiving yourself for mistakes is the right thing to do for yourself, your company, employees and family. Don’t be hard on yourself!

Ravi Patel

Published in: on October 22, 2019 at 6:38 am  Leave a Comment  
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Freedom Brings Responsibility

Working for themselves and not others lead Entrepreneurs to start their own businesses.

Entrepreneur magazine states that people who work for themselves are happier because of the freedom that working  for one’s self permits. So valuable is the opportunity to be one’s own boss that  studies show you have to pay people twice as much to get them to work for others and still have the same level of job satisfaction as being self-employed.

Being your own boss will definitely grant you freedom, but be aware that it comes with serious responsibilities. There is no one else to take responsibility of and for your company and its stakeholders except you.

Self discipline is critical as someone else is not telling you what to do each day – you need to set you own agenda. Setting an example of leadership for the organization is your responsibility – there is nobody else above you. If you consistently play hooky, how can you expect your people to work?

Freedom is great, but make sure you learn to be a responsible “boss” for yourself!

Ravi Patel

www.patelCFOservices.com

Published in: on October 4, 2016 at 4:46 am  Leave a Comment  
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Entrepreneurial Freedom Comes With Responsibility

Entrepreneurs often start businesses as they want the freedom that comes with working for themselves and not for others.

Entrepreneur magazine states that people who work for themselves are happier because of the freedom that working  for one’s self permits. So valuable is the opportunity to be one’s own boss that  studies show you have to pay people twice as much to get them to work for others and still have the same level of job satisfaction as being self-employed.

Being your own boss will grant you freedom, but it does come with serious responsibilities. No one else is there to take responsibility of your company and its stakeholders other than you.

Self discipline is paramount as someone else is not telling you what to do each day – you need to set you own agenda. Setting an example of leadership for the organization is your responsibility – there is nobody else above you. If you consistently play hookey, how can you expect your people to work?

Freedom is great, but make sure you learn to be a responsible “boss” for yourself!

Ravi Patel

www.patelCFOservices.com

Published in: on June 23, 2015 at 4:15 am  Leave a Comment  
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