How to maintain entrepreneurial spirit in an established business

When we first start our business and entrepreneur life, we have a great deal of passion, enthusiasm and, motivation to create something amazing. For some, that never goes away, but there are many times where that is simply not the case and that enthusiasm starts to wane.

It can be easy to get caught up in the hectic life of a business owner and all the admin that comes with it. That’s why, we want to help you keep the entrepreneurial spirit for as long as possible, with these handy tips and tricks!


Hire employees with an entrepreneurial passion

Sometimes we need other people around us to lift us back up and give us the motivation needed to grow and develop.

It can be easy to get stuck in a rut when you only have yourself to keep you moving forward. That’s why, when it comes to hiring people to join your team, you need to look out for people that have the same entrepreneurial spirit and passion as you. These people will often be more driven, have better problem-solving skills and, be more creative, helping to keep you and your business moving forward.


Stay involved with the company and employees

Just because you are now the boss, it doesn’t mean you can step away from the business completely. It is your job, as an entrepreneur, to ensure the business continues to build towards the next big goal.

Your employees are there to help you realise your dreams for your business, so make sure you are on hand to guide them every step of the way. Ensure they feel like they have a big goal in mind and that they are part of something great.

Try and be involved with the day-to-day as much as possible and check in with your employees to see if there is anything you can do for them, that will, in turn, help your business.

Delegate what you can

Of course, there will always come a point when you are simply unable to do everything on your own and that is when it is a good idea to delegate those tasks to someone else. The main areas of delegation tend to be admin jobs like accounting and HR, leaving you free to work on the business development side of things.

It’s very important to remember, that even though you have delegated something, it does not mean you can wash your hands of it completely. Always keep your finger on the pulse, stay involved and always be thinking of new ways to evolve your business.


Don’t tolerate poor performance

When it comes to nurturing a healthy, exciting business, you need to make sure you weed out any poor performance. Those employees that show laziness, disregard for others in the workplace and are constantly churning out poor work will soon bring the rest of the team down.

It is surprising how demotivating bad employees can be, so ensure you are taking proactive measures to keep this from happening.

If you are an entrepreneur and looking to delegate your finances to a chartered accountant, we have a wealth of experience working with passionate business owners. Get in touch today to see how we can help you.


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