Making the leap from a mere idea to a successful entrepreneur is an incredible journey. But what many people don’t realize is that it can often be just as difficult to figure out how to keep moving forward in that entrepreneurial journey as it was getting started in the first place. Whether you’re starting businesses, growing them, or pivoting your strategies, there comes the point when you need to make changes – and those changes can sometimes feel overwhelming without guidance. To help, here are some valuable tips by Jim DePalma for enacting change on your entrepreneurial journey.
Jim DePalma’s Tips For Enacting Change In Your Entrepreneur Journey
1. Start Small: Enacting lasting change in your entrepreneur journey can seem daunting, so it’s best to start small, says Jim DePalma. Begin by setting achievable goals that you can easily complete and build upon. Doing this will create momentum as you progress towards more complex objectives over time. Data from the Journal of Applied Psychology shows that specific, short-term goal setting increases motivation by up to 72%. Additionally, a study published in Harvard Business Review found that when people set ambitious business goals, they achieve them 74% of the time.
For example, if your aspiration is to break into a new industry or launch a new business venture, start with something less overwhelming, like networking with industry professionals or researching related services and products. Taking these small steps will give you the confidence to tackle larger goals and bring about meaningful change in your entrepreneurial journey.
2. Ask for Help: Change can be difficult, especially when navigating the uncertainty that comes with being an entrepreneur. That’s why it’s important to ask for help from those who have gone through a similar experience or who possess useful knowledge related to your goal. Reaching out and seeking assistance doesn’t make you weak; rather, it demonstrates courage and resourcefulness as you strive to better yourself. According to research conducted by Gallup, only 7% of employees feel actively engaged in their workplace, which is likely due to a lack of support. Don’t let this happen to you – ask for help when needed, and don’t be afraid to accept advice from others.
For example, if you’re trying to pivot your business model and need guidance, look for an industry expert or someone who has done it successfully before and reach out to them. Don’t be shy – chances are they will be more than happy to help.
3. Measure Your Progress: When striving towards a goal, measuring your progress is essential in order to assess whether you are on track and make changes if needed. According to Jim DePalma, tracking certain metrics like sales figures, website visits, or customer feedback can provide valuable insight into how effective your efforts have been so far. According to a survey conducted by Forbes Insights, 50% of businesses that measured progress against strategic goals achieved their desired results compared to only 32% without a measurement strategy in place.
For example, if your goal is to increase brand awareness and you decide to use social media as a tool, track the number of followers you gain over time and measure the engagement rate on each post. This will provide valuable insight into how well your efforts are working and allow you to adapt accordingly.
Jim DePalma’s Concluding Thoughts
By following these tips by Jim DePalma, you’ll be well on your way to enacting lasting change in your entrepreneurial journey. Remember to start small, ask for help, and measure your progress so that you can reach success faster and easier than ever before.