3 fundamentals for achieving success in business

by | Apr 10, 2020 | Marketing, Public Relations

What does it take to be successful in business? Although the following tips will not guarantee success in business, they are elements that every good business person needs in order to have a chance at success. From running your own business to working your way up the corporate ladder, here are some tips to follow to help you on your path to success:

Work on social skills for networking

Business is all about developing relationships—with coworkers, clients, contractors, suppliers, and so on. But it’s also about being able to network effectively, and to do that, you’ll need to have a strong set of social skills behind you. These skills will help you to form better relationships with others which will help you to network better.

Some of the most crucial social skills that you must have for networking include: eye contact, active listening, clear communication, composure, and confidence. You should also be true to yourself and open-minded. A good poker face wouldn’t hurt either, especially if the conversation takes an unexpected turn (but you don’t want to ruin the relationship). And lastly, do your research if applicable. If you’re going to a networking event, learn about the guest speakers or top players in your industry beforehand. The last thing you want is to show up looking clueless and uninterested in your field.

3 fundamentals for achieving success in business

Build a solid team

You’re nothing without a good team behind you, and you can’t do it all by yourself. Whether you’re starting your own business, a boss that needs to lead the team, or else a member of the team, you need to be able to trust others to do their job. To build and sustain a good team, this also includes clear communication, establishing rules and boundaries, and recognizing successes and failures. Know your team’s strengths and weaknesses and be willing to adapt when necessary.

For leaders, building a good team means that you should hire good workers who will be able to work well with each other. Consider the best worker for the job—not the worker who will cost the least to hire. For team members, this means recognizing that you have individual and group responsibilities to fulfill, and a proper team won’t function if every person isn’t pulling his or her weight.

Manage your finances well

This is necessary for anyone who wants to succeed in business, but it’s especially crucial for entrepreneurs and small businesses. If you think this tip goes without saying, think again—it’s one of the main reasons new businesses fail. So, how can you better manage your finances to ensure that your business has a fighting chance?

The main thing to focus on is creating a strong business plan and a realistic budget. Don’t overspend on aesthetics. This is especially crucial in the Instagram Age where new businesses are constantly trying to prove that being successful means looking the part, and that looking the part means having expensive clothing and offices. If you’re just starting out, you’re not there yet. Work your way up to it. That doesn’t mean you have to sacrifice style or first impressions, just make sure you keep your budget in mind.

3 fundamentals for achieving success in business

Develop a good poker face

It’s safe to say that a good poker face will get you far in the business world and beyond. A good poker face is useful in all types of situations, from ridiculous or unexpected situations to business deals. In business, it can help you to mask your true feelings when you need to most, such as meeting with a big client or dealing with uncomfortable coworker situations. Because the last thing you want to do is lose a big client because you laughed at the wrong moment or couldn’t hide conflicting personal views.

Developing a good poker face will help you to remain composed and in control of your emotions, which will help you to be more professional. And that’s the type of person that everyone wants to work with.

Steve Conway
Steve Conway is a content marketing professional and inbound marketing expert. Previously, Steve worked as a marketing manager for a tech software start-up. He is passionate about discovering new software that will that will advance his already well-honed digital marketing techniques.