Here at Panterra Finance, we are passionate about spreading as much knowledge as possible about our services and information on business, as well as different techniques that we feel can help other businesses. We recently read an insightful piece on these 7 Japanese concepts that we resonate with and truly believe that they can transform your mind, your attitude towards business and your business as a whole. Here they are;
1. Ikigai
Discover your purpose in life. Determine the reason why you wake up in the morning. Choose something that aligns with your strengths, passions and the world’s needs. This is what gives life meaning. Your business is often your passion and why you wake up every morning.
2. Shikita ga nai
Let go of what you cannot change. Recognize that some things in life are just out of your control, and that’s ok. Let go and focus on what you can change.
Following on from delegation and outsourcing, it’s inevitable that mistakes and the hiring of the wrong person will happen from time to time. People change as they become more comfortable in an environment or with the work they are completing for you. Understanding that you must let go of what you cannot change is vital for your business’s health and mental health. You must be willing to take action to realign your staff or change your service providers.
3. Wabi-sabi
Find peace in imperfections. Recognize that nothing in life is perfect, including yourself and others. Instead of thriving for flawlessness, find joy in imperfections that make life unique.
Everything in life comes with imperfections, both people and businesses alike. Imperfections in business might come in the form of customer complaints, struggling to reach targets or budgets or struggling with cash flow. A switch in mindset to using these imperfections as fuel to overcome, learn and better understand how to handle these issues in the future. The key here is to adapt and overcome rather than worry about the problem arising again in the future. The main thing in business is that there will always be an issue to handle. However, successful business owners will learn from their mistakes and struggles and become better equipped to handle the next.
4. Gaman
Preserve your dignity during tough times. Show emotional maturity and self-control even when faced with challenges. Remember to be patient, resilient, and understanding.
As business owners, when faced with challenges, we must keep our core personal beliefs and values at the forefront of our minds. This ensures we preserve both our dignity and that of our business. The perception and reputation of our business are vital to securing business and even staff turnover. Patience, resilience and understanding and key to company growth as a whole. Always remember Rome wasn’t built in a day.
5. Oubaitori
Don’t compare yourself to others. Everyone has a different timeline and unique path. Focusing on your progress rather than trying to measure yourself against others is essential.
We believe this concept to be an extremely important one. First, some people never take the leap to become business owners as they think they are not good enough, the industry is too saturated, there will be no money, or the barriers to entry are too strong. We must remember that what makes each business unique is the person and/or team behind it. It doesn’t matter that people are operating the same line of business. You will have a different approach and technique, which already gives you a differentiator in the market.
6. Kaizen
Always seek to improve in all areas of your life. Even small changes can add up and make a significant impact over time.
As a business owner, personal growth often corresponds with business growth and development. Personal growth in business starts with an open mindset. As they say, if you feel like you are the most intelligent person in the room, you are probably in the wrong room. There is always room for improvement; upskilling and bettering yourself will only improve your business. Learning from staff and taking on board the opinions of others will unlock a wealth of knowledge and new ideas.
7. Shu-Ha-Ri
“When the student is ready the teacher will appear. When the student is truly ready, the teacher will disappear” – Tao To Ching
It’s a way of thinking about how to learn and master a technique. It can take years to master how to become a successful entrepreneur. If you are hesitant to start and want to gain some foundational knowledge before jumping in head first, securing a mentor in your industry would be a great place to start. Become the student, learn as much as possible, and ensure you maintain an open mind and absorb as much information as possible to get started. Seek out influential business owners and people you aspire to become like in the future on social media platforms like Linkedin and learn from them. Once you feel prepared to start, be sure to pass on information and skills that you have learned to those who were once in your position.
Working with Panterra Finance
The part-time CFO executives at Panterra Finance have access to worldwide teams that are proficient in and have initiated innovative strategies in projects centred on Defi, Blockchain, Bitcoin, Ethereum, Crypto, Tokenization, ICO, IDO, and STO services. Getting started with us, it’s very straightforward. Book a call with head CFO Sam McQuade through the link here. https://panterrafinance.com/get-started/.
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