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Mindset as a Business Strategy

3 things you need to know to build a conscious practice of working ON your business.

The Formula For Success

BE x DO = HAVE

WHY THE FORMULA FOR SUCCESS WORKS

  • The word BE represents your thoughts as a business owner, and how you think about business in general. The first variable in this formula requires an owner to have a vision, then channeling their thoughts towards achieving what they are targeting.
  • The word DO represents your actions as a business owner. While you may work in the business every day, its the actions you take working ON your business that lead to greater control and better results. The second variable in this formula requires an owner to discern and decide what to do as the owner.
  • The word HAVE represents the results produced as a result of an owners thoughts and actions.  It is the product of the formula.The higher the value you place on Being and Doing, the greater results you will Have.
  • When you think about business do you have big dreams and ideas but actions toward achieving those dreams don't measure up, then your results will suffer.
  • When you engage in taking lots of action with no clear plan on the strategies needed to succeed, then your results will suffer.

BEING THE OWNER VS. DOING THE WORK

BEING = MIND

BEING a business owner is recognizing the importance of separating working IN the business, versus working ON the business. BEING a business owner is recognizing that time is a the limited resource. Intentionally making the time to analyze results, identify obstacles, and think strategically on how to continuously improve is an act of working ON your business.

DOING = BODY

DOING. These are the decisions and actions the owner takes, and the business implements, based on the owner's strategic thinking. Actions include, simplifying to determine what's most essential to the business now. Prioritizing to focus on only 2-3 strategies at a time. Executing consistently over time while measuring for results. Then as strategies gain traction and the business transforms, repeating this process over and over. With this practice your business will be on a trajectory of continuous improvement.

3 Tips For Building A Conscious Business Practice

YOU ARE NOT YOUR BUSINESS

Business owners must separate the BEING from the DOING. No matter how busy an owner is working in their business, they must recognize that business friction is usually an issue an owner must lean into rather than avoid. Devoting time to thinking deeper about problems facing the business and orchestrating changes needed to keep it healthy and growing. And as the leader of your business it’s your role to be strategic, analytical and forward thinking. BEING the business owner is not a task that can be delegated away.

SYSTEMS RUN YOUR BUSINESS

People execute the systems. Too often employees take the blame when most often the reason for business friction is the systems. Often it's because the systems have become the norm and changing them is hard. This is especially true when the owner works in the business daily. When they feel the strain of this friction they must recognize it's on them to search where it's coming from and refrain from placing blame. The owner must make quality time to understand the issue, analyze the situation, then decide what changes if any need to be implemented. Then hold others accountable to the new system and test and measure for results. It's here where emotions can interfere with the facts if the owner doesn't act accordingly.

THE TIME CONUNDRUM

While all humans have 24 hours in a day, time can be especially cruel to the business owner who also works in their business. Tired from putting in a full day's work, owners must now handle the things they and only they can do. The more they hold onto the less time they have to work ON what's most important for their business. An owner of a growing business cannot do it all alone. Whether it's delegating to another person in the business, or finding outside help, it's the best way for an owner to find the time to work ON the business, which only they can do. Another aspect of the time conundrum is that anything an owner discovers and chooses to implement takes time to implement, and then time to see the results. A business owner seeking to continuously get better and grow knows it's going to take more time than they want, and is committed to allowing that time, even when feeling the pressure to increase income.

YOUR OPTIONS

01

Done By You

It's achievable to build a business all on your own. Using my resources and others you find, you might eventually breakthrough. DIY can save money, but it doesn't always mean it can help you make more money, and it's time consuming.

02

Done With You

This is for busy business owners still working in the business, and seeking solutions to improve their business knowledge. They know they don't have the time to learn all they need, and are open to exploring all resources to accelerate business growth.

03

Done For You

You may be able to hire and pay someone else to do the heavy lifting for you. While this is a viable option for some, it doesn't always translate into the best solution. Business growth strategies work best when the owner is engaged.

FREE Download... The 6 Business Essentials Guide & Videos

By focusing on these 6 essential areas of your business, you'll simplify and clarify what your business needs most right now, and start a practice around improving those things.