Here we are entering a new year. The clock restarts, we get a new shot at hitting our business goals for the year. It’s fresh and exciting… until it’s not, and we fall back into the same bad habits we have always had. Then next December we’ll wonder why we didn’t move the needle forward.
If you remember one thing from this post, remember this. Don’t be afraid of failure. Be afraid of being in the same exact spot you are right now a year from now!
The fact is we spend our time worrying about making mistakes that will lead our business to a catastrophic failure. The reality is that even the stupid decisions we occasionally make are unlikely to produce that kind of result. Business failures are most often a death by a thousand cuts.
It’s many small mistakes made on a daily basis, that eventually leads us to running out of cash and having to close our doors. Or worse yet, we go along for 20 years just scraping by. We kid ourselves into thinking, just one more year, then I’ll make real money! Then, one day you realize you have been at what you do for too long. You want to exit, but the business you have been trying to build for 20 years is worthless.
I’m not trying to be the buzz kill for your New Year high hitting your business goals, but you need to break bad habits. Get out of your comfort zone if you’re going to hit that record year. So, let’s review 3 things that most small business owners are getting wrong, that you can work on changing now, and all it requires is you to think differently.
The upside of all this is that when you get these lessons right you have an organization that can grow exponentially. Your profitability and growth potential is uncapped. You have built something that can survive you and can has the potential to be an enduring legacy.
Sources to learn more about the ideas presented in this post can be found it:
If you would like help hitting your business goals thsi year let us know here!
We look forward to helping you Profit, Grow, and Exit.