- Don’t Start a Business Only for Money
Ramsden sees many entrepreneurial actors plunging into the world of business ownership for only one reason, namely money. But he warned it was a dangerous principle. If you do business solely for money, you will be disappointed someday. Indeed money is an important thing and can be used as a benchmark, but Ramsden thinks that most experienced entrepreneurs will say that money is usually the last thing to come.
- Know the Right Time to Focus on Time and Energy
Chasing every opportunity that is there will certainly cause an inefficiency that might result in chaos. If you have too many things to do, don’t have a clear picture of where and how to give time and energy, then your movements will slow down. Therefore, you must think of everything before you put your time and energy into something new.
- Prioritize Activities to Improve Relationships
Ramsden said, “Continuous failure is usually due to the weakness of a relationship.” You can certainly make changes by identifying various relationships that are considered weak and find out how to get the relationship back up. You can usually find the weakest relationship in handling trade problems directly with customers and also the lack of proportions offered to the target market and also a lack of communication.
- Holding Accountability by Pursuing Accountability
Dr. Kjell Nordstrom, writer and business expert, said; “We live in social conditions that are alone.” When an entrepreneur suffers from loneliness and separation, Ramsden feels the structure of accountability to be very important. Having a mentor, advisor, and other business partners where you have accountability is a must. Either face-to-face or virtual connections remotely.
- Determine the System to Reach Your Goals
Smart entrepreneurs don’t just set goals, they also build systems to support those goals. Ramsden claimed to have started doing it “completely wrong”. Most people determine what they want to achieve, determine the time frame for completing it, and then work to achieve its goals. But it turns out the system is wrong (the time determined by the tools needed to work to reach the destination). This is like wanting to lose as much as 5kg (goal) in the summer (time frame) and by participating in a gym membership (tool); but do not schedule appointments one hour per day (system) for training.
- Avoid Problems with Others
Ramsden said one of the obstacles to entrepreneurship that is often problematic is “managing relationships with others”. But we all know how important this problem is. Building the right management team with the right people is the basis of business success. But if you form the wrong team, with the wrong person, it’s tantamount to planning a disaster. Ramsden’s solution, “Employing people is based on the suitability of core values and culture, which might not be displayed on a resume.” In this way, you will clearly know whether the person is the right person to work with you.
- Look at the Mirror and Be Brutal as It Is
Want to know one factor in your success or failure? Look at the mirror. You are the factor. Wise entrepreneurs have the ability to see themselves with judgment without including elements of prejudice. When they see flaws, they will take steps to improve themselves. Ramsden agrees; “Be honest with yourself by fixing the shortcomings in a way that is realistic and in accordance with one’s own abilities.”
- Ask for Help When Needing It
Ramsden struggles with cancer and wins. “Cancer cells are cancer cells and they will multiply even if you know or not about their existence. Cancer is indiscriminate, so you must maintain the health of your business. And that means that you also need to know when to ask for help from others to get rid of cancer. “The best entrepreneurs surround themselves with smart people more than themselves. And then not be afraid to ask for help when they need it.
Are you an entrepreneur who has the same experience? Maybe from here, you know how to handle it. Hopefully, this can be an inspiration and fresh tips for all of you.