A Business is Like a Shark
Headed by successful entrepreneur and business man Nick Bell, and with many budding entrepreneurs working within WME’s office walls, we decided in this blog post we’ll explore the key motivators behind some of today’s most successful entrepreneurs. Perhaps you’ve already adopted some these approaches to your professional life, or perhaps not, either way there’s no time like the present to start.
Cultivate a team that believes in your vision
Skills and expertise are imperative to the overall functioning of your business. However, there isn’t much in this world that is more valuable than respect and honesty. If you choose to hire employees that simply just don’t believe in you or your business vision, you’ll soon find out how quickly they’ll jump ship given an opportunity they perceive as better. If you fill your company with people that believe in you and what you want to achieve, in the long-term they’ll prove to be amongst the most loyal, and ultimately, valuable employees you’ll ever have. Pro-tip: ‘Good on paper’, or alternatively, ‘good in theory’ doesn’t always translate to ‘good in practise’.
Woody Allan was on to something when he said “A relationship, I think, is like a shark. You know? It has to constantly move forward or it dies.” and I think it can be applied to the arena of business too. In order for your company to stay relevant and compete with its competitors, it has to continue to drive forward. You have to be willing to change with the times, adapt to meet new demands, and likewise, realise when something no longer serves you and move on. This analogy can also be adapted to making mistakes. Although mistakes are discouraging, they’re a necessary by-product of success. Do not measure how successful you are as an entrepreneur by how many mistakes you make. Instead, focus on how you choose to move past those mistakes, learn from them, and use the experience to spearhead future business success.
The ability to lead VS expertise
The ability to lead isn’t always accompanied by a specific set of expertise, or vice versa. Thus, as the leader of your company, you need to realise that sometimes you have to rely on those smarter or more equipped than yourself. This is not a criticism. If you can move past feeling as though your ego has been bruised and recognise these different, though equally important, strengths are necessary, the closer you’ll be to achieving long-term success.
Though these may seem like pretty obvious points to some, you’d be surprised how many young entrepreneurs lose sight of these basics in their pursuit of that ever elusive success. By adopting these tips to your business ethos, you’ll be able to develop a much stronger foundation for success.