If trying to define your unique idea of business success feels overwhelming, try focusing on the three F’s- Freedom, Finances, and the Feel-Good Factor. These tend to be what most owners report as the driving forces behind their pursuits in business.
Freedom and Flexibility Add Up to Success
Having autonomy in your business gives you the freedom and flexibility to be your own boss, set your own schedule, and work in a manner that suits your values and preferences. As an entrepreneur, you may be able to avoid many of the challenges that come from working for someone else including time constraints, and micromanagement.
If having more time with your family is important, or being able to work remotely, part-time, or in the middle of the night, then achieving the freedom and flexibility to do so is a measurement of success. Click this link for some examples of this type of work and be careful to make sure you are not being scammed. In addition, you can also look at freelancing as an option.
Hitting Financial Goals Feels Great
There are plenty of measurements for success aside from economic, but most people prioritize making money. Setting, hitting, or exceeding financial goals is an amazing indicator of success. You can help determine this through the use of analytics tools, both native and third party.
Being a business owner generally means there’s no lid on your earning potential. Instead of relying on an employer to value your work and provide compensation, you can chase after your financial goals without roadblocks. Additionally, your goals may be revenue goals for your company as a whole. Watching your business grow and reach these goals can be incredibly motivating whether you’re a solopreneur or work with a team.
Feeling Great About Your Work Creates Purpose
If your work comes from a purposeful place, every day can feel successful. If your goals are to make an impact, create change, help others, or solve unique problems, the path to success isn’t very long.
Knowing your work serves a purpose and seeing others benefit is definitely an indication of your success. Feeling great about your business can help you stick with it when financial struggles come and go or when your work requires long hours to see a project through. Being passionate about your work and feeling good about why you’re in business can often override any stressors or negatives that come up. You should create a mission statement to help these align.
When trying to define your unique idea of success, take a look at how important freedom is. Consider what extent financial gain matters for your personal and business income and determine how important feeling good about your work is to you. Setting goals and creating tasks to achieve in each of these areas could help you experience triple the amount of success.