Sometimes, it is unimaginable to know that some of the biggest and greatest businesses come from humble beginnings, such as Apple or Amazon. I is because you see the big scale and greatness today, making it hard to imagine how humble they were in their beginning. However, humbleness one of the keys to success. In fact, it should be a norm in business rather than exception. There is a reason why humble starts can contribute significantly to major success in business.
The importance of humbleness in business
You can see that many of the most successful brands today had humble beginnings which play huge role in their success in building their big empire. Humbleness is not a weakness in business. It is something that can help you reach the success you expect, here is how:
Humbleness keeps cost manageable
Many successful founders understand that maintaining positive cash flow helps them learn valuable principles not only for the present but also for the future when they scale their business later. Hence, they put more effort to keep their cost manageable by reducing expenses during those early stages when every penny truly matters. Many successful founders even started their business in their own garage or any other unassuming places instead of flashy buildings. They tried hard to not let their eyes bigger than their stomach because it would help them avoid spending far more than what their new business could actually afford.
Focus more on what matters most for long-term’s success
By reducing unnecessary expenses, successful founders are able to focus more on what truly matters for long term’s success. Cutting out unnecessary expenses is a great way to eliminate distractions that often come especially in the beginning of business. You won’t think of buying unnecessary flashy sofa for your workspace or throw an office party. You will focus your attention on fine-tuning your strategies so you make the best decision for your business by being as productive as possible.
With limited resources, you are also getting better at sorting out the best strategies knowledge of the industry. You are forced to take a deep dive into learning skills and strategies that will have the greatest impact on your business’s growth. It also means that humbleness as foundation of growing business can help develop discipline.
Humbleness helps reset expectation
When you grow your business with humble beginning, it requires you to reset your expectations. Or at least adapt the way you work so you can deal with unusual circumstances due to lack of resources. It teaches you flexibility as well as other valuable leadership lessons along the way. Your mindset will become more flexible to use what you have to create the most positive outcomes.
You will be trained to act with agility to adapt with any situation. It also means that you will be better equipped with the ability to pivot anytime the situation requires. With humble beginning, stronger work environment is created where everyone feels valued while trying their best to reach the goals.