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Published On: Mon, May 14th, 2018

How To Establish Yourself As A Respectable Entrepreneur

In order to succeed in the world of business, it is vital that you establish yourself as a respectable entrepreneur. This will make it far easier for you to build up an impressive client list, negotiate with your industry peers, and keep your employees happy. It will also help you with your future plans, as you won’t be forced to rebrand yourself. Instead, you will be able to move forward with a spotless reputation and the respect of those around you. Below are nine steps that will help make this happen.

handshake photo/ Michael Jarmoluk via pixabay

Keep a close eye on your finances

Firstly, you will need to keep a close eye on your finances. This is one area where a lot of entrepreneurs fall short. In the competitive world of business, it can be tempting to take out loans that you can’t pay back. It can also be tempting to stretch your company finances too far, as you aim for success. In the long-term, this strategy could come back to bite you. After all, it will be impossible for people to trust you if it is revealed that you have run up large debts or dodged important taxes. Luckily, you can take control of the situation by hiring an accountant. With a trained professional on your side, it will be much easier for you to keep your affairs in order.

Establish a positive relationship with your employees

The next step is to establish a positive relationship with your employees. You might be surprised by the amount that people talk about their bosses. Make sure that you are praised, rather than complained about. Even if you are dealing with someone who can’t offer you any help in the short-term, there is no need to take them for granted. Further down the line, they could be the individual to make or break your reputation. That is why you should treat everyone you encounter with the utmost respect.

Provide a fantastic service for your customers

You should also work hard to win over your customers. You will only secure an impressive reputation if you are able to provide products and services of the highest quality. Whatever you do, don’t make promises that you can’t follow through on. It may take you longer to achieve your goals, but refusing to cut any corners is the best way to achieve longevity. In years to come, you don’t want dodgy products and questionable practice to be thrown in your face.

Embrace an ethical approach

Another great tip is to embrace an ethical approach. Whilst this isn’t a mandatory aspect of succeeding as an entrepreneur, it is a sure-fire way to improve your standing. Whether you decide to turn your business green or to donate a percentage of your profits to charity, the most important thing is that you are looking beyond your bottom line. This will help you to answer questions about your life as an entrepreneur. Instead of appearing greedy or selfish, you will be able to establish yourself as someone who is willing to share their good fortune with others.

Get involved in your local community

You can also make this clear by getting involved in your local community. Not only will this help you to improve your reputation, but it could also even generate sales for your business. You will find that people are a lot more likely to support you and your company if they have already benefited in some way. Perhaps you have paid for improvements to their local park. Or, maybe you have sponsored their upcoming theatre production. Whatever you decide, just make sure that your involvement is clearly advertised and grabs the attention of the local press.

Consider a move into politics

If you are hoping to help out even further, you should consider a move into politics. This is a natural fit for many entrepreneurs, as the world of politics is a fast-paced, competitive, and high-stakes environment. In order to make this transition successfully, you will need to have a spotless reputation. This also applies to your online presence. Consequently, you should be reaching out to a defamation public figure lawyer to help you to understand your rights as a government official. Rather than putting up with online slander and defamation, you can secure justice. Why allow salacious gossip and unfair rumors to ruin your chances?

Network with your fellow entrepreneurs

Even if you eventually make a move into politics, you will still need to maintain positive relationships with your fellow entrepreneurs. You can ensure this is the case by regularly attending networking events. The more people you can connect with, the better. Try to avoid holding back. There is no shame in taking center stage and putting yourself on the map. However, you should also focus on establishing deep and meaningful connections. Don’t just grab people’s numbers and walk off. You need to ensure you are in a position to follow up on your encounter.  

Take a close look at your personal life

Although it is a good idea to keep your work life and your personal life separate, often this may not be always possible. Sometimes the activities and relationships you enjoy in your free time are brought into the spotlight. This is especially likely if you run a high-profile business that garners a lot of media attention. Of course, it is important to live your life on your own terms, but you should also be prepared for the judgment of the public. Perhaps there are certain aspects of your lifestyle that need to be changed. If not, you need to be ready with a statement and a positive spin.

Offer complete transparency at all times

Finally, you should endeavor to offer complete transparency at all times. This is an excellent way for you to stand out for all the right reasons. If possible, you should be totally truthful about your business, your personal life, and your plans for the future. This may not always place you in the best light, but it will save you from being caught out. It could also help you to draw people in, as you will give your followers the sense that unlike other entrepreneurs, politicians, or people of standing, you are wearing your heart on your sleeve.

Author: Carol Trehearn

On the DISPATCH: Headlines  Local  Opinion

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