Take risks when you go into business and as the business grows. Many agree that it is best to minimize risk and, if possible, avoid risking everything for a business venture. But, if you see something that you really think you ought to do, and you re good at it, go ahead and take risks because that s the way you will reach your success. Sometimes, when entrepreneurs look back, they wonder how they got the courage to take the risks they took, but are always happy they did. Accept a change in your own role as your business grows larger.
Many entrepreneurs are very detail oriented and believe that they can do it all.
In addition, they can do it all better than anyone else. But as a business grows, they must realize before it is too late, that they just can t. Quit being a micromanager. This is one of the stumbling blocks for many, but those that learn to accept this and surround themselves with competent employees will be in much better shape. Look beyond the horizons of your business-but maybe not too far. Aspects of our society are always changing and some of these changes can affect business operations.