Business ownership is one of the American Dreams; being able to be in control of your own destiny and have the freedom to choose what you want to do and when.
But for many entrepreneurs, that dream has escaped them. They have fallen into the business trap. The dream of freedom has fallen into the daily challenges and frustrations that struggling entrepreneurs face every day.
No Cash – You may be selling, but there’s never enough cash to pay the bills at the end of the month. There no cash left over to invest in new technologies or to upgrade equipment or put into your pocket.
No Time – You’re not running your business, it is running you. You are spending most of your day solving problems and putting out fires. Instead, you should be planning your company’s next big venture, or just have time to do things you want and spend it with the people you love.
No Team – Instead of having a team of professionals that are working together toward a common goal, you have a group of employees that are looking out on how to better themselves. It’s more about “I” than “We”.
Feeling Stuck – Your Company has hit the glass ceiling. You can see as clear as day where you want to go, but something or someone in your organization is holding you back from crashing through that barrier. Nothing you have tried has worked.
If you find yourself struggling in any or all of these areas you are not alone. These are very common challenges for most businesses. Though very common, successful businesses have learned to overcome them by focusing on these 5 areas to get there businesses working hard and they can enjoy more life
- Planning & Vision – Having a common focus & goal that everyone can buy-in to.
- Leadership Development – The business is not working because you are. You need to develop leaders within your organization that are aligned to the company’s focus and goals that will run organization.
- Test & Measuring – What gets measured gets improved! Each leader and team member in the organization needs to have an activity based scorecard to help them stay on track towards reaching the company’s goals.
- Systems –Leverage is about doing more with less. To get your business working as hard as you do, you need to create written systems for your team to follow to drive consistency throughout your organization.
- Implementation – Without Action nothing happens. This is where accountability and discipline come together. This is where most businesses get stuck and spin their wheels. Your organization must agree on 3-7 priorities that they will focus on. Each team member must know and be responsible and accountable to how their role leads the company towards achieving your top priorities.
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