Like many successful business owners, Houston native and owner of Motorsports Technologies Inc. (MTI) Jayson Cohen had no experience in running a business. However, over the course of the past two decades, he has learned quite a lot on how to keep a business steady and ensure continued growth, even in the midst of tough time. Regardless of the industry, business owners can find the following tips to be very helpful:
Know your strengths
While you may have to wear many hats at the beginning, be frank about your strengths and weaknesses. Don’t try to be everything, because it will mean you won’t focus on what you’re good at. Many people who stretch their abilities often jeopardize their chances of focusing on their strengths and working within their limits. The resultant pressure to perform risks the business’ chances of growing.
Eyes on the prize
You have to be strategic when it comes to growth. Set short, medium and long-term plans, track progress against these plans, and change them where necessary. If you don’t set goals early in the process, you won’t have a way to measure progress. When everyone in the business understands the vision, it allows for better accomplishment of operations.
Foster your talent
A business grows and expands on the back of its talented workforce. You should always look for ways to improve the work environment, benefits, and culture – aspects that motivate employees to keep working for you. For Houston’s Motorsports Technologies Houston Inc., the nature of work allows employees to be creative with performance packages, which enables them to feel like a part of the business.
Know your strengths
While you may have to wear many hats at the beginning, be frank about your strengths and weaknesses. Don’t try to be everything, because it will mean you won’t focus on what you’re good at. Many people who stretch their abilities often jeopardize their chances of focusing on their strengths and working within their limits. The resultant pressure to perform risks the business’ chances of growing.
Eyes on the prize
You have to be strategic when it comes to growth. Set short, medium and long-term plans, track progress against these plans, and change them where necessary. If you don’t set goals early in the process, you won’t have a way to measure progress. When everyone in the business understands the vision, it allows for better accomplishment of operations.
Foster your talent
A business grows and expands on the back of its talented workforce. You should always look for ways to improve the work environment, benefits, and culture – aspects that motivate employees to keep working for you. For Houston’s Motorsports Technologies Houston Inc., the nature of work allows employees to be creative with performance packages, which enables them to feel like a part of the business.
