Small business growth is in direct proportion to the amount of quality time and effort that is expended.
The two issues that hinder the growth of a small business are:
- Time management
- Business financial planning
This blog will go back to discussing the issue of time management. Unfortunately, I find that the misuse of time by owners/management is one of the main reasons for business failure. All the good ideas, all the business and marketing plans and all the best intentions, will not, by themselves, grow your business. Business growth requires planned action by the owner(s).
Procrastination is an inherent human trait. Everyone practices some form of procrastination, some more than others. There are countless books, videos, seminars, etc, that you can spend your money on and be exposed to time management solutions. After reading a book or attending a seminar, the attendees are all excited about implementing what they learned as soon as possible. The reality sets in when they get back to the office and find out that they do not have the needed CHARACTER (the ability to carry on after the mood has left you) to implement what they learned.
Then it’s back to doing the same things and expecting different results.
Yes, there are a few business owners (the ones who have CHARACTER) that grow their business. Those that don’t have that attribute, say that they were lucky.
The solution for the majority of small businesses is to add an “accountability factor”. After all the business and marketing plans are developed, then a time line for action is developed and someone holds you accountable for the implementation.
As a business consultant and coach for more than 25 years, I find that the “accountability factor” is one of the most useful things that I, or any other good coach, will bring to an owner who wants to succeed.
There are no magic software solutions or fancy charts on a wall that will make someone manage their time. There has to be a desire in the heart and the willingness to work with a coach and to commit to doing what is necessary; it’s called planned work.
The secrets to success are often hidden in our minds; it’s our job to let them out. Nick J. Petra CFP
It’s good to be in business for yourself, but not by yourself. Let Strategic Duck be your partner for success.
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