5 Signs That Preach Progress in a Startup Environment
By Kristen Vanstrom, entrepreneur.com
As a startup owner, you obviously want to figure out the best way to measure success. In the early stages of business ownership, financial gains are not necessarily a good measure of forward movement. Instead, look out for these positive reinforcers.
Looking for progress in your startup? Prioritize these outcomes, and you’ll definitely work towards results and long term business success. Looking for more productivity enhancers? Check out this awesome infographic,
As a startup owner, you obviously want to figure out the best way to measure success. In the early stages of business ownership, financial gains are not necessarily a good measure of forward movement. Instead, look out for these positive reinforcers.
1. The industry is taking note.
If
your competition is starting to get
a little uneasy, that’s definitely a
good sign. You want the industry to take you seriously. You don’t want
your fellow competitors writing you off as the “new kid on the block.”
Make them nervous. Have them second guessing their current strategy.
Heck, take it one step further and start redefining the industry. This
helps boost business longevity.
2. Your employees are eager to learn.
In
an ideal world, every single employee would resemble a sponge. They’d
soak up industry knowledge, and always be looking to better their
performance. Although this is ideal, it’s not necessarily realistic.
But, in a startup environment, this type of behavior is a borderline
necessity. Because you’re a new business, you need to regularly test,
evaluate, and adjust. You need to figure out what works and what
doesn’t.
3. If you’re observing month to month financial growth, you must be doing something right.
I’m
not talking extreme numbers. You definitely don’t want to shoot for 50
percent net profit increase in the first 60 days of business. That just
doesn’t make sense. But, even just a minimal increase goes a long way.
Long story short? You don’t want being in the red to become a trend.
4. There is a complete sense of transparency in the workplace.
Want
to encourage better individual performance? Keep all employees in the
loop, especially when it comes to long term decision making. Don’t
forget to ask the question, “So, what do you think?” This helps every
single employee feel like they’re a part of something bigger than just
the day to day grind. For the most part, there should be no secrets.
5. There’s an accountability towards the greater good.
Your
employees all prioritize “we” over “me.” It’s not about what can you do
for us, it’s about what we can do for the company. In that, each
individual also walks away with personal satisfaction. Remember, you
want to prioritize the word “team.” Your startup will go nowhere fast if
you can’t make morale and group performance an obligation.Looking for progress in your startup? Prioritize these outcomes, and you’ll definitely work towards results and long term business success. Looking for more productivity enhancers? Check out this awesome infographic,
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