8 Things I’ve Learned in Business in 8 Years

This year 45 Inc Birmingham celebrated it’s 8 year anniversary working with our telecom client.  We’ve experienced a lot of successes, trials and lessons learned over the years.  We are proud to say that we’ve had a good student mentality working with our telecom client over the past 8 years and know that in order to keep growing we have to be life long learners!  Even though we’re new to Birmingham, 45 Inc.’s CEO brings over 15 years of business experience to the table.

Here are 8 quick things we’ve learned that has helped us to be better as a company, as leaders and as entrepreneurs.

1. It’s not about me, it’s about my guys. Invest in your people.

The people at 45 Inc. are our greatest asset.  We know we wouldn’t be where we are today without the hard work, dedication and passion of our team!  Investing in our team means quality time inside and outside of the office, mentoring, holding them to high standards and building a personal relationship.  We’re not in a sales and consulting business.  We’re in a PEOPLE business!

2. Save your money because no matter how good business is today, tomorrow is unknown.

This is just a good life practice not only for business.  It doesn’t matter how much money you make if you spend it all.  Some of our tips for saving money?  Make it automatic!  Get direct deposit into your savings account or automatically pull out 10% or more into your savings every pay period.  If you don’t notice it or see the money being saved, the less likely you will spend it!

3. The best way to predict the future is set goals and work towards them! Self discipline is the glue that holds it all together.

Set goals! Flickr CC WOC in Tech Chat

We all have dreams but without hard work and self discipline, we see a lot of these dreams fizzle out.  Attaching a BIG REASON WHY you want to achieve a goal is our tip for creating the habits necessary for self discipline.  It’s easy to say no to the wrong things and yes to the right things if you know WHY you’re doing it and WHY you want to hit that goal.  Example: It’s way easier to say no to that sugary snack if the reason you’re trying to lose weight is to have a long healthy life and to see your kids grow up and see your future grandkids.  Talk about motivation right there.

4. Don’t do it all by yourself, ask for help. Trust your mentors

Some people can see asking for help as a sign of weakness.  At 45 Inc. it’s a sign of maturity and respect. No man is an island and in our business there are plenty of people that want to help you succeed.  That’s the beauty of our company structure, you can only move up by helping others.  Squeaky wheels get the oil as they say!  Don’t be afraid to ask for help from someone who has been in your shoes and has been successful.  Better to learn from their experiences and their mistakes instead of making the same ones yourself.

5. Continue to develop yourself. If you’re going to cut down trees, then you have to sharpen your saw. If not, you become dull and ineffective.

You can’t help others if you can’t help yourself.  Sharpening the saw allows us to rejuvenate and refresh.  It is important to constantly work on improving our selves in all aspects in and out of business.  If you’re not eating right, sleeping right, having good social relationships, how can you be the most effective in business?  One trick to try this week?  Set an alarm to go to sleep.  That’s right, to go to sleep not to wake up.  Comment below to let us know how a good night’s rest has helped you in your business!

6. Leadership by example is the only way to lead.

The saying is monkey see, monkey do, not monkey tells other monkeys what to do.  There’s a reason!  As a leader, it is our job is to inspire our team to push themselves to reach their full potential.  To do this, we must show them the way by doing it ourselves.  We start everyone in our company at the entry level.  We wouldn’t expect any of our team members to do something we haven’t done already!

7. You have to run a business not walk it.

Run, don’t walk, your business! Flickr CC Raulito 39

Be intentional and intense about your business!  No one is going to be more excited, more passionate, more amped than you!  You have to set the pace for the rest of your team.  Be willing to do whatever it takes in order to get to the goals.  Otherwise what’s the point of setting goals if you’re not in constant pursuit of them. Physically move quickly and have a sense of urgency when going about the day. When working, WORK, don’t do anything else. .

8. Comparison is the root of all unhappiness.  Don’t compare, just compete.

With social media nowadays it’s really easy to think that the grass is greener on the other side.  Make your own grass green. Water it, give it sunshine, cut it and it will grow. We’re all on our own path and journey.  Our tip for this business lesson is to focus on your own growth.  If every day you’re learning something new, challenging yourself to get of your comfort zone, and being grateful for the things you have you’ll definitely be the friend other people are envious of on social media!

Although there are many lessons to learn to be successful in business those are the 8 we have for you!  Please share and comment with your own tips!


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