Do you ever get the feeling that things aren’t going quite as well as you think they are? Or perhaps you feel like you have taken off more than you can chew and that you maybe aren’t in quite the right career?
In short, do you struggle with your confidence as an entrepreneur?
Well, have I got news for you! You will be happy to know that the majority of entrepreneurs have had these thoughts in the past, especially as they were just starting out with their new business.
These feelings of inadequacy are so common that they’ve actually been given a name – imposter syndrome. But just because you feel these feelings and emotions, it doesn’t necessarily mean they are true.
Some of the most successful entrepreneurs, such as Richard Branson, have even felt like this before.
One way to overcome all of this negativity is to take stock of just how well you are doing.
I’m sure if you take a look at your business, you will see a few signs that will show you just how well it has come on since you started it.
Here are a few of the main signs of success that you should look out for.
1. You Can’t Remember Your Last Cash-Flow Problem
When businesses are in the very early stages, it can be quite difficult to manage their finances.
There are a lot of startup expenses and costs that new entrepreneurs will encounter over the first year or so. These can quickly lead to some cash-flow problems.
Thankfully, these should just be teething problems and
This will mean that your bank balance starts to look healthier and you can pay all of your bills on time. So, no cash-flow issues
2. Your Business Looks Completely Different Now
When you look back at how your company was when you first set it up, do you notice a distinct difference? If so, that’s a very good thing indeed!
A successful business will be constantly growing and developing. There’s a chance that it won’t look the same as what it did even just a year ago!
You might have a couple more well-established departments and more employees. You might have even had to change the overall business structure as well.
But in the business world, change is usually good and a business that looks completely different from how it did at the start of its life is often doing very well indeed!
3. You’re Always Recruiting
A successful business is always growing and that usually means that you will always need new hires to help you take on the extra workload. As a result, you might be continually recruiting.
Even though the recruitment process and employing new staff can often be expensive, you should be making money in the long term from taking on all the extra projects and contracts.
To keep costs down, you might want to look for offshore
Using offshore recruitment methods could help you reduce this overall cost but you will still be able to find some fantastic talent.
4. Your Professional Network Is Always Growing
Of course, the signs might not always come directly from your business. You should also look at yourself and your professional relationships to see if there are any signs there that you are actually a lot more successful than what you think.
For instance, you should consider your professional network for a few minutes.
Does it seem to be always growing? Are you always meeting new people and swapping contact details with them for future projects and collaborations together?
If so, then that’s a fantastic sign as it shows that you are surrounded by so much professional support.
5. You Look Forward To Work Every Day
It’s also a good idea to think about your emotions and feelings towards work.
If you are always fed up when sitting at your desk trying to get your work done, then maybe things aren’t going quite as well as planned.
Or perhaps you are just in the wrong type of career. In this case, it could be time to change things up a little.
On the other hand, if you are always happy to be at work and are excited to head off to the office every morning, then you are obviously doing something right.
The work we do always affects our wellbeing. So it’s worth checking in on how you are feeling every now and then to make sure that you aren’t too stressed out or unhappy with things.
The happier you are, then the more successful your business must be!
6. You’re Known As a Thought Leader
Do people regularly ask you to be a speaker on a panel, judge prizes or give speeches at local business events? If so, then it looks like you could be considered a thought leader in your local business community.
This is a huge achievement and shows you just how well respected you are. In fact, some people enjoy these type of tasks and jobs so much that they try to carve a career out of being a thought leader.
Not only do they run their company
This is something that you may want to consider doing. But, even if that isn’t the right path for you, you can still be happy knowing that you are a well-regarded leader within your local business sector.
You’re Not Phased By Mistakes Anymore
One thing that worries the majority of all new entrepreneurs and business owners is making a mistake.
They think that making a mistake will lead to the downfall of their company. Of course, this isn’t always the case.
Most seasoned entrepreneurs will know that making a mistake can actually be a good thing for the business. That is because it provides the company with a learning curve and a chance to grow.
Lots of successful business owners actually embrace errors and mistakes as they give them the chance to learn from them so that they never make them again.
Not only that, though, but they also give the whole company a chance to improve and learn some very important lessons.
You Don’t Care What Others Think of Your Business
Another thing that many new business owners find is that they are always worried about what other people think about them and their business.
This is often down to a lack of confidence. But as your business starts to grow and turns over a larger revenue, you should find that you aren’t particularly bothered about what people think about you.
After all, you are making money and doing well, so who cares what others might think?!
Just keep on being true to yourself and working hard. You will find that this reaps some great rewards.
9. People Have Already Heard About You Before They’ve Met You
Does your reputation precede you? Do people know all about you even though they’ve never met you before.
Don’t worry; this isn’t something that should panic you! In fact, it’s a really good thing.
It shows that people are talking about you and your company, which is really good for exposure and word of mouth marketing. Let’s just hope that they are talking about you for all the right reasons!
So, just how successful are you?!