As a business owner, you know that success does not happen overnight. It takes lots of time, dedication, diligence, sleepless nights and a positive mindset to run a successful business. If you’re going in with a hesitant mindset and expecting failure, then that’s just what you’ll receive, but if you go in with a mindset shift of optimism and success – then you’ll have no reason not to win!
In partnership with Amazon’s Black Business Accelerator, here are three mindset shifts you can make when building a multi-million dollar company.
3 Mindset Shifts to Incorporate When Building a Multi-Million Company
- Trust that your own ideas are just as brilliant as anyone else’s
How many times have you found yourself second guessing your ideas and strengths? As business owners, too often do we second guess ourselves and ideas. You have to be confident and clear on your business mission and stand ten toes behind your ideas because if you don’t do it, how can you expect others to. Although trusting your own ideas at times can seem scary, don’t allow imposter syndrome to kick in and take control over your ideas – know that you are as brilliant as anyone else and your ideas are just as important to breed success for your company.
2. Know your value and charge accordingly
Many businesses don’t make it past the first year, and there’s a reason why – they run out of money. Take a deep dive into your business expenses and truly evaluate your services. If you know that you provide a premium, top-tier service in comparison to others within your industry, then you should be charging for that top-tier service. Making the mindset shift to charge more based on your skillset and services provided will save your business in so many ways as you pave the rode for building a multi-million-dollar company. Value yourself and your business enough to charge accordingly, unapologetically. Amazon provides a free automated pricing tool to allow you to adjust your prices quickly and automatically to become the Featured Offer. Being selected as the Featured Offer can accelerate sales up to 50%.
3. Build a team for efficiency and scaling and realize that you can’t do it all
Being a one-man band is not the way to go when building a multi-million company. Sure, it may be extremely cost effective, but it’s not efficient and will not get you to your company goals. Burnout as a business owner is real and one way to get there fast is to be a one-person wheelhouse. Take the time to outsource and build a team that you trust, because running a business by yourself can be a losing game. Be open to receiving help and guidance from others and you’ll be more successful in half the time. Amazon’s Small Business Academy has webinars, exercise guides, and more on building a team. You can find them here.
If you want to build a multi-million company, you have to shift your mindset. Understanding that it doesn’t start with a good idea or lots of hard work, but a shift in your mindset, will set your business up for success. Implement these tips to start making the necessary mindset shifts along your journey of entrepreneurship.
