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The 5 questions entrepreneurs should ask themselves every day

November 8, 2020

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The They make an impressive number of decisions each day, and face opportunities to seize and problems big and small to resolve.

The 5 questions entrepreneurs should ask themselves every day
The 5 questions entrepreneurs should ask themselves every day

As you ask yourself a framework of questions to ask yourself every day, you will get some markings that will guide you through difficult situations. When you know where you stand on these questions, you can be sure that you are making the right decision that will lead to the results you want. They will give you a deeper understanding of what motivates you and what you think about your company and help you formulate your plans for the future more clearly.

Here are five key questions any business owner should ask on a daily basis to ensure they are working toward their goals. aims consistently and in order to make the best decisions for you and your business. Answer these questions honestly and openly and see where they take you.

1. Why do you do what you do?

What makes this question so powerful is that it forces you to explore your wants and needs, and helps you channel the motivations that change over time. It forces you to see things from a different perspective. As you ask yourself this every day, you reaffirm your ambition and attitude behind what you are doing. If you don’t know the answer, you’re in trouble!

This question opens the door to a variety of other questions that will stimulate your thinking. What is the reason you started your business? What is your passion for what you do? Are you the right person to run your business? The questions can change over time. At first, it can be difficult to summarize the why behind what motivates you. Perhaps there are competing interests that are motivating you. But when you think about the answer, there is probably a very simple answer. Just be honest with yourself.

The reason you do something begs the question, what do you hope to achieve? You need to know what the outcome you want will look like and what success means to you. Is it about a certain level of wealth? Is it all about being the best out there? Does it have to do with people who respect you? Do you want to dominate the world (or at least a niche in the market) or do you just want to make enough money to do something you love?

Start your day by asking yourself this and see where your answer takes you. Taking a few minutes to do this will give you the clarity to steer your career in the direction you really need to go.

2. What is the purpose of your company?

Try to answer this question in one sentence. A good starting point is your company’s mission: what are your company’s formal goals, objectives, and values? This should be clear, concise, and speak to the heart of your company.

The purpose of your business is the foundation on which everything else is built. It has to be flexible enough to grow and change, but specific enough to be meaningful and relevant. In the end, this question should help you understand what you are really doing.

This question should be on your tongue as you make important decisions. Ask yourself if this new business or idea logically strengthens or contributes to the overall purpose of your business. Are you true to your purpose

This does not mean that the purpose cannot change over time. However, when you change, you must do it with a clear purpose and with great care. Thinking about it can help identify your company’s long-term goals and potentially lead to even more important questions, such as: B .: What should your company represent for your customers? What is your company’s place in the world and what is the ideal market?

3. Where is your business at the moment?

The aim of this question is for you to evaluate your company both analytically and emotionally. It is the opportunity for you to take an objective look at the place where your company is located. Are you on the right track What is missing? What is good and how can you reproduce that in all areas of your company?

It is also important to recognize your emotions and mentalize your attitude towards your company. What is your instinct telling you? Do you feel anxious or excited? It doesn’t matter if you have negative or positive emotions. The important thing is that you recognize what you are feeling and why you are feeling it.

This gives you a chance to better understand your state of mind and how it affects the decisions you make. It’s about understanding the kind of sentiment you’re sending out. Do you feel balanced? Or do you feel like everything is going wrong and you don’t have the resources to fix the problem?

When you are in tune with your emotions and have a clear idea of ​​what is going on in your company, you are in optimal balance and cannot over- or underreact in every situation.

4. What lessons do you learn?

All entrepreneurs face an uphill battle for success. Every day should be filled with learning and growth. The best way to do this is to think deeply about the lessons that are presented to you on a daily basis.

Ask yourself if you are learning from your mistakes. Failure is part of every entrepreneur’s journey. The question is whether your mistakes allow you to learn and grow. If not, you will likely make the same mistakes over and over again. Are you learning when to take an opportunity and when to miss it? This is one of the most important realizations for an entrepreneur, and it’s not easy at all.

The next time you have to decide whether or not to take a risk, ask yourself, “When I’m 80, will I regret not taking it?” Jeff Bezos does this to see more clearly whether or not he will regret a decision. When we look at the bigger picture, our biggest mistakes in life have to do with the opportunities we miss.

5. What’s next?

Answer one of these questions every day and you are covered. As a business owner, you always need to know what’s next. You need to anticipate what’s in store and have a plan of action. This is the question that compels you to review all of the work piled up on your desk and think about the bigger picture and next steps for your business.

What strategies do you need to further advance your business in the future? What trends or interests are emerging that could influence or benefit your company? How are new technologies affecting the way you run your business?

Disruptions occur in all markets as changes are inevitable. Businesses that survive do so because they see the wave coming and make the necessary adjustments in time to bypass it. In a way, change is predictable because it always comes. Innovation and ingenuity will always be the keys to success, and those who take the opportunities will be the ones who do best to navigate the waves.

So if you are wondering “what’s next?” Make sure you look at things openly and curiously. Make sure you are open to new ideas and creative solutions. Look for the “wow” factor in everything you do.