Entrepreneurs Get Too Busy Making Money…
It sounds crazy doesn’t it? How can you be too busy making money? The truth is you can and it will ultimately hurt
Focus On Fundamentals
your business. Why? Because when you focus on making money you forget about all the little things necessary to continue making money. You are focusing totally on the prize and forgetting about the process.
Focusing On The Result
Think of this as a basketball player focusing completely on making a basket and not developing his or her skills necessary to be a successful scorer? You might get lucky for a period of time, but eventually your lack of preparation and training will catch up with you and the player who did prepare and train will surpass you. It is the same in business. Prepare and train. In business training is putting the right processes, and people in place.
Write down 5 to 10 questions you should ask yourself at a minimum once a week. Get in a habit of asking yourself these questions. Doing that will keep you focused on the little things that will make you successful as you grow. An example of a few of the questions would be: Am I getting the correct information to make the right decision?, Do I have right amount and quality of people in place that I need to move forward?, Am I delegating enough?, How can I make my company be more prepared for growth?. These are few examples and should give you the sense of the type of questions that you should ask yourself.
My hero is John Wooden, the basketball coach. He was a great coach and better leader of people. His take on this is:
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“It’s the little details that are vital. Little things make big things happen.” |
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Nice post. Ignoring the hard word and dedication it takes to build a profitable company, often goes hand-in-hand with neglecting to focus on what it will take to sustain & surpass any relevant level of success.
Companies have to be profitable (in one form or another), and often its revenue that potentially sets a company free. However, with every milestone of financial success better come a sense of urgency to reinvest, improve, and grow. Human nature and the laws of diminishing returns are on business owner’s side with respect avoiding this trap and should influence them to never be satisfied.
If not, they will get run over!
Sweet site, I hadn’t come across ushareideas.wordpress.com earlier in my searches!
Carry on the excellent work!
Thank you for the comment. I try to keep the topics down to earth and very real. Most of my topics come from working with entrepreneurs in real life situations. I hope you keep coming back. Please, if you have any suggestions on topics you would like see me address please let me know. Brenda
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