How to start your own business and succeed: 5 key ideas

Several tips on what to do to start a business project and succeed.

These are changing times. Everyone is exploring their own ways to make a future for themselves, and many are trying to do so by starting their own company.

But beyond the bureaucratic difficulties that we can find in this process, we must take into account many other factors at a psychological level, which must be crystal clear before starting the adventure.

Do you want to know some of the most important ones?

5 keys to founding your own company and making it a success

Let's forget for a moment all the paperwork with the Administration, which is neither few nor easy, that is needed when you want to register a new company. Instead, we are now going to focus on the psychological issues that, if properly addressed, can be one of the keys to the success of your brand new organization..

We must not forget that, in essence, a company is a group of people working as a team to achieve a common goal, and therefore it is essential to take maximum care of the quality of the interactions between them. And, going deeper into each member of the group, it will be necessary to establish the appropriate guidelines so that each one is as comfortable as possible in their job and therefore motivated to perform their tasks, so that they are ultimately as efficient as possible.

In the following we are going to explore individually the keys that will allow you to start your own company and succeed in the attempt.. Some of them may be obvious, but others are not so obvious and therefore it is interesting to study them carefully. We hope you find them very useful!

Tips for success when starting a business

Psychology has a lot to say in the probable success we can have when we create a company. These are some of the secrets for it.

1. Taking care of interpersonal relationships

Possibly the most important psychological key when it comes to managing a company is to ensure the best possible interpersonal relationships. It is necessary to think that, except in very specific sectors where the jobs are solitary and there is hardly any interaction, in the majority of the companies there is an interpersonal relationship, in most companies there is an incessant flow of communication between individuals and, of course, a coexistence and, of course, coexistence, as they share a common workspace.

Someone working the usual 40-hour work week will be spending a third of each day in an office, shop or other type of office space.or store or other commercial premises. He or she will probably spend more time with co-workers than with most of his or her family. Imagine how important it is to take care of the relationships between workers!

Many times the employees themselves will have the necessary psychological tools to self-manage and know how to maintain a healthy work environment, but at other times we may have to establish a series of rules of coexistence that mark the red lines that cannot be crossed, in order to maintain the healthiest work environment possible.

The importance of a good recruitment process is also reflected here.It is also important to ensure that, as far as possible, each employee has the required skills for the position, but also an adequate psychological profile to adapt smoothly to the team, as it is equally important and sometimes a factor that can be neglected during the selection process.

2. Motivation

If you want your company to succeed, your employees must be motivated.. Obviously a good salary is a powerful reinforcement to achieve that a worker fulfills his objectives, but although it may seem a lie, it is not the most powerful. And about this, the psychologist Frederick Herzberg has a lot to tell us, through his famous theory of the two factors, also known as the theory of motivation and hygiene.

According to Herzberg, in the workplace there are a series of factors that will have a direct relationship with the employee's satisfaction or dissatisfaction with his or her job. in his or her job, and therefore with his or her motivation. All these factors can be grouped into the following two categories.

Motivational factors:

• The achievements you may experience in your job development.
• Promotions, growth within the company.
• Responsibilities that you assume in your job, people in charge.
• Autonomy to be able to exercise their functions with reasonable freedom.
• Recognition of the merits achieved by his or her good performance.

Hygiene factors:

• Salary, pay and everything related to the remuneration itself.
• To have a status appropriate to their position.
• To feel stability in your job.
• To work in adequate facilities.
• To have good relations among workers (as we saw in the previous point), but also with the bosses.
• That the company has an adequate distribution of work.
• To feel that their work is supported by their superiors, and that they are competent.

What Herzberg proposes in his theory is that the hygienic factors do not make the worker satisfied, but their lack does cause dissatisfaction.. On the other hand, the lack of motivating factors will not lead to greater dissatisfaction in the individual, but their presence will have the effect of making him more satisfied in his job.

In conclusion, we must take care of both factors, some because they allow us to ensure that the worker is not dissatisfied, and others because they will make him more and more motivated.

3. Emotional management

We already anticipated how important it is to have an adequate work environment, and for this it is essential that the emotions of employees are managed in an optimal way.

This is especially important in areas where nerves are often on edge, such as in the sales department, where there are usually highly motivated people.This is especially important in areas where nerves are often on edge, such as in the sales department, where there are usually people who are highly motivated to achieve certain objectives that are often demanding, but with very attractive rewards. The problem arises when the objectives seem unattainable, or the ambition to achieve them is excessive and this generates a certain emotional tension in the individual.

It will therefore be of vital importance that the leaders of each department establish clear objectives from the beginning, that they are reasonable (although they imply an effort, of course), and that they are given the appropriate tools to achieve them.

If there is no correct emotional management in the company it is possible that our employees may experience from a gradual loss of motivation to more serious pathologies such as burnout or burnout syndrome.

4. Time management

Time is one of the most valuable resources, if not the most valuable, not only in the workplace, but in life. Therefore, time is one of the most valuable resources, if not the most valuable, not only at work, but in life. We must be extremely careful not to waste it and make the most of every second in the most intelligent way possible..

It will be of vital importance to establish appropriate schedules for our workers. Measures such as flexible working hours or teleworking, which help to reconcile family and work life, are extremely motivating, and can make the person more productive than working the same hours in rigid split schedules, or having to travel to the office, far from home, from where he/she can perform exactly the same tasks.

When setting project deadlines, we must be realistic.. No matter how much hurry we are in, a quality work implies a time of dedication to it and, sometimes due to impatience and other times due to a deficient awareness of reality, we can set very unreasonable deadlines that will only result in exhausted and frustrated workers, and in a final work that will most likely have to be redone or modified (with the consequent sum of time involved), which therefore will not meet the initial expectations.

It is also essential to to have an efficient protocol for prioritizing tasks, giving way to those that are essential.It is also essential to have an efficient protocol when prioritizing tasks, giving way to those that are essential for the development of the company's activities and postponing those that do not have a special repercussion for the company. But beware, this can generate a problem, and that is that the task that today is not a priority, tomorrow may be, and perhaps there will come a time when we find ourselves with a significant backlog of postponed projects, which added to the day-to-day tasks and possible unforeseen events, are difficult to remove in time to achieve our goals.

It is essential, therefore, to anticipate these possible casuistry, being very conscious at all times of the time we have and knowing how to use it in the most efficient way.

5. Self-care

All these measures on how to start your own business and be successful would be based on the care of workers but, equally important and often forgotten, is the entrepreneur's own self-care. It is essential that, in the face of such a demanding challenge as running a company, we take care of ourselves physically, but above all psychologically.

Creating your own company is an exciting, motivating and very enriching project, but to achieve success it is essential that you have an optimal mental state, which allows you to be the leader that your employees need.that allows you to be the leader that your employees need as a guide. If you have the right psychological tools, you will have an important part of the way done. And if you think you don't have them, maybe it's the perfect time for a professional to make you discover them. They are inside you!

Bibliographical references:

• Herzberg, F., Mausner, B., Snyderman, B.B. (1959). The Motivation to Work. New York. John Wiley and Sons.
• Gil-Monte, P.R., Moreno-Jiménez, B. (2005). El síndrome de quemarse por el trabajo (burnout). Madrid. Ediciones Pirámide.
• Salanova, M., Llorens, S., Martínez, I.M. (2016). Contributions from positive organizational psychology to develop healthy and resilient organizations. Papers of the Psychologist.