Regardless of whether you have two or twenty employees, leadership matters and for what it’s worth, there are few natural born leaders. That’s why leadership skills need to be learned and relearned all the time.

So here’s a question I bet most entrepreneurs don’t ever consider. Do you lead from the front or the back? Some entrepreneurs know instinctively when to lead from the front or to lead from the back. Others though need to consciously work at trying to balance between the two. But sadly too many haven’t got a clue and nor do they care.

To say that leadership is a large and fragmented topic, would be an understatement. A recent search of Google on the word “Leadership” returned an astronomical 4.7 billion results. That’s “B” as in billions. Therefore it’s safe to assume that there is lots of interest in the topic.

To be sure that with this many results there is bound be a fair amount of repetitiveness in the advice given. Fortunately, there are always those tried and true nuggets of wisdom that have stood the test of time.

One of those truths is that good leaders tend to be good leaders regardless of the environment. Having said that, one of the biggest challenge facing leaders today is that they may have to up their empathy quotient. This is so that they can accommodate the current crop of employees, as many appear to need more hand holding than previous generations.

Female warrior leader aggressive stance

Why step back?

Although every situation is different, the good leaders know when to assert themselves and take charge or when to back off and let someone else lead.

They’re confident enough to know they don’t always have to be out front. By relinquishing control, they give their staff the opportunity to grow their leadership skills.

Ultimately, the more you lead from the back, the more freedom you’ll have, allowing you to tackle more strategic issues, or to simply cut back on your workload.

The trick is to know when to take charge and when to let others do so. Finding the right balance is tough and should always be determined by the situation.

So when do you lead from the front?

So how often do you lead from the front? Unless you have a very green team, it’s a lot less often than you think.
There are a number of situations that require you, the owner, to step up and lead the charge. These tend to fall into two buckets, crisis or opportunity.

A crisis can best be defined as a showstopper. It’s any situation that can negatively affect the company’s reputation or performance and has a high degree of urgency.

Many times in crisis situations you don’t have the luxury of sitting back and letting things unfold in a natural way. It often requires immediacy of action.

This is where experience and knowledge comes into play, whereby the leader can react far more quickly to the situation.

Opportunities on the other hand may require someone to lead from the front for political or strategic reasons.

Here are some situations that may require you to be out in front and leading the charge:

Let’s first look at some crises situations:
    1. Having a large client threaten to stop dealing with you after all attempts by your team have failed, would rank high.
    1. Needing to defend the actions of your team with a client would be another situation. Many times the “customer isn’t always right!”
    1. A massive competitive threat that comes out of nowhere might also qualify.
    1. A product or service failure. You need to own it!
And now opportunity situations
    1. Depending on your industry, you may need to lead the charge on launching a new product. This gives you the chance to get direct feedback, good or bad directly from your customers. Equally as important, it can show your customers and team that it is important.
    1. Setting the vision or direction of the company requires you to lead from front. It’s not something you can delegate. Your actions speaks louder than words.
    1. Matching is another situation where it’s important to be visible. Matching means exactly that. It’s where you match client title with your own.

For example, a new clients wants a presentation on your services. In attendance from their side will be mid-level person along with their company president or vice-president. In those case you should be visible and lead the conversation. It also shows the client that they are important.

The switch

Regardless of whether it’s a crises or an opportunity, the goal here is to ultimately relinquish the relationship to a team member.

This is done by stating something to the effect “Going forward Mary will be your key contact”, or “John will follow up with next week to discuss next steps”. By making that statement, you go from leading from the front to leading from the back.

Additionally, whether you lead from the front or the back, these situations must be used as teaching moments.

These teaching moments include taking the time to explain to your team the rationale for the given course of action and will be open to input.

However, being open to input doesn’t mean that you are obliged to act on it. So to counter this, you must take the time to explain why it will or why it won’t be incorporated it into the plan.

Equally important is that, when leading from the back you must let the individual know that you have their back and are available for consultation if needed.

In conjunction with this support, your job is to run interference for their team. In other words, you need to make sure they don’t get distracted with other people’s priorities.

Female warrior leader standing down

Don’t jump in

The hardest part for any leader when taking a back seat is to avoid jumping in and rescue an individual when it’s clear that their chosen course of action will not achieve the desired outcome.

This was a lesson I learned many years ago as a newly minted district manager at a major consumer goods company. A big part of my job was to monitor, motivate and train a dozen or so sales reps.

Fortunately or unfortunately, very little of this could be done remotely. For the most part this was a feet on the ground undertaking, riding shotgun for hours or days as we visited dozens of accounts.

One of the golden rules when leading from the back, was never to interrupt or critique the individual, while they were presenting to a buyer. Sometimes this was painful, when it was clear that things were going off the rails or there was a missed upsell opportunity.

Had I jumped in to save the day on any of these calls, we would have surely walked out with a bigger order, but at what cost?

Taking control in those moments risked destroying the individual’s self-confidence and undermine their authority with that buyer. Not a fair trade to my way of thinking.

Instead, the right approach was to wait until the call was completed and undertake a post-mortem. Unless the individual was brand new, these after call reviews only took a few minutes and happened in the car on the way to the next call. Simple teaching moments that paid immediate dividends throughout the rest of the day.

Female warrior confident pose

Time well spent.

In hindsight, working this closely and exclusively with any team member for a day or two pays huge dividends. Unfortunately, that’s a rarity today and that’s a shame.

Fortunately though, time spent working with your team to show them how to be more effective is always a good investment. It gives you a chance to share your knowledge and experience, usually in real life situations instead of in hypotheticals.

People go to work to be successful!

Developing your team’s leadership capabilities by knowing when to lead from the front or the back is critical if you want to grow your company.

By developing a more capable workforce, it frees you up to spend more time on strategic initiatives, such as goal setting or keeping the organization on point vis-à-vis your vision. And let’s not forget the freedom to seek out new opportunities.

Understanding that if employees are enjoying their work and feel appreciated, they’ll perform at a higher level. There’s nothing new or complicated in that statement, but it’s surprising how misunderstood this simple concept is.

As with any delegation initiatives, the goal here is to free up your time and increase employee’s satisfaction. Always keep in mind that people go to work to be successful. Being bored with their work is a sure fire way to increase turnover.

There’s a time and a place to be that hard charging entrepreneur and there’s a time to step back. Knowing the difference can really help you and your company grow.

 

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Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

You Got This-For some time now I’ve have taken issue with the advice given small business owners on social media platforms under the guise of motivation and advice. Sadly, much of this advice being spewed forth by many of these so called experts is, in my opinion, nothing more than hype to grow their popularity.

But in order to balance my opinion and for research purposes, I have spent over 20 hours of listening to the audio version of the books of some of these more popular gurus and to be honest, my opinion hasn’t changed. Listening to how we need to crush it or 10x our activity, because if we don’t, we’ll never achieve our goals, is a little much.

We all need motivation

Now granted, we all need motivation at times and Covid-19 has certainly increased the need. The ongoing pressure and changes has certainly amped up the challenges and anxiety of running a business. This increased strain can be draining and after a while can leave us feeling a little lost, worn out or just fed up.

Covid-19 aside, many of us entrepreneurs have been there over the years. Most of the time it’s nothing more than a speed bump after a prolonged period of grinding it out. You see, successful entrepreneurs are for the most part pretty positive and optimistic individuals. We have to be, considering what it takes to survive, let alone thrive. That’s why resilience is such a key characteristic of those that are successful.

But even with our higher dose of resilience coupled with a higher than average positivity and optimistic outlook, sometimes it’s just not enough, the tank is empty and were done. It’s what I like to call a “Poor Me Day”! It’s a day where we feel sorry for ourselves and wonder what the heck we got into and is it worth it? It doesn’t matter how long you been in business, Poor Me Days can happen to anyone.

The thing is, successful entrepreneurs don’t stay down long, hence the name Poor Me Day, not days. Now on the bright side, a Poor Me Day can be almost like a mental reboot, where it clears your mental cache that has accumulated bits of negative experiences over a period of time. And much like your PC, this cache needs to be cleared every once in a while. So having a Poor Me Day is ok, because once cleared, we can get back to doing what we need to do.

A witty meme doesn’t cut it when you advice

Crush it! 10X your businessAs I mentioned earlier, I do understand the need for motivation and sometimes it is the tonic we need to jolt us back to reality. But reading a pithy meme on Twitter, Facebook or Linkedin, unfortunately barely qualifies as motivation.

Motivation is supposed to help us to reset our compass and get our head screwed on straight again. Reading a witty meme or a quote that is misattributed to some personality really doesn’t quite cut it.

Digging into a book or listening to an audiobook has usually done it for me. It gets me thinking. My preference is for the audiobook, especially when read by the author allows me to get a truer sense of their message and their personalities. As a bonus, I can listen to them just about anywhere.

However, what I find disturbing by the two top personalities who’s audiobooks I have just listened to, was the messaging and the tone in which it was delivered.

Let’s start with the messaging. The last thing you want when you’re down is someone telling you that you’re not working hard enough. Telling you that you’ve got to up your game and do a lot more, otherwise you’ll never make it and you’ll be nothing more than average. Or if your not prepared to give it your all, sacrifice everything and put in longer hours in order to dominate, you’ll never achieve the success you want. Really? You call that motivational? I call it bull. But unfortunately that’s the underlying theme of these books.

As for the tone, I found them to be a little too “in your face”! It’s been my experience that what most people need when they’re down, is a calming voice or message instead of someone screaming at you telling you that you’re inadequate and you’re not putting in the effort.

Nothing more than sound bites

Listening to these audiobooks let’s you hear the sheer arrogance of these authors that may not be conveyed when reading the text. I will say, if you can get by all the chest beating that you have to endure, there are a couple of nuggets of good advice, but unfortunately, there’s far more hollow advice that it makes me wonder how they’ve become best sellers.

Much of their advice really is nothing more than sound bites and lack any sound executional details. Although, I’m pretty sure I’m not their target market, it does make me wonder who actually drinks their Kool-Aid? Considering, that there’s just so many better motivational or educational resources out there that offer much better advice.

Does it help to move your business forward?

The good news for most is that many of these resources are free if you have a library card. Although they vary in selection, many libraries have digital libraries that you can download e-books or audiobooks that run the gambit from sales, marketing, social media and so on from a variety of authors.

The only minor downside for some may be that you have to do a deep dive on a subject by reading or listening for a few hours. But let me tell you, no one book will have all the answers, but many will tell you how instead of just saying you should.

So the next time you come across one of these social media posts, take a second to assess it’s true value. How does it help you move your business forward or are the authors just looking to increase their followers and likes? The choice is yours.

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Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

Money, it’s one of those personal topics that many people are uncomfortable discussing. Why that is, varies from person to person.

Even inside a business that uncomfortableness exist, but that needs to change. Generally speaking, the only time the subject of money seems to ever comes up is in the heat of the moment in comments such as “Do you know how much that costs?”. Even then the word money is not used.

When I ask owners what business they are in, I usually get the expected answer such as “I’m in retail or I own a restaurant or I’m in a service business of some sorts.” These are all technically correct answers and serve to explain your enterprise to your external customers and strangers alike.

However, I would like you to consider an alternative definition that should be used internally within the organization and be at the forefront of your decision making process. What is that internal definition? Simply, “We are in the money business!”

dollars, pounds, yen

And it matters not one bit what industry you are in. At the end of the day, you are in the money getting business. Pure and simple. You exchange your services in return for money.

The service you offer is nothing more than the vehicle you use to get that money.

This may sound a little crass to some because they don’t want to think of their business in such impersonal terms. Others are so emotionally committed to their desire to be an entrepreneur that they have fallen in love with their idea and not the business of the business itself.

Let’s be honest, the reason 99% of us went into business in the first place, is the allure of potentially making more money. To be sure, we had other reasons such as being our own boss, validating our idea or just finding a better way to do something. But at the end of the day, the majority of us were seeking higher incomes.

Focusing on money is not to say that you have to become Scrooge like. Nor does it mean caring less about your customers or how you do things. To the contrary, having higher profitability and more money gives you the ability to actually increase your service levels. The alternative means that you’re on the proverbial treadmill generating additional low margin business just to keep the doors open, which results in customer service taking a back seat to everything else.

No, it means being selective in where you commit this precious resource. It also means getting your staff to understand that their actions can impact, good or bad, the profitability and financial health of the company. But you need to reinforce that position with them. You need to make them understand that their actions have a cost associated with it.

Loving what you do is one thing, but it’s got to be profitable and the more money or profit you make allows you to build a safety net under your company. Consider for a moment, how unprepared so many small businesses were in the face of the Covid-19 lockdowns. Sadly, many have locked their doors forever.

Changing the mindset

 

There’s really only two things you need to know about money, where you get it and where you spend it. So, the logical place to start is to understand where you get your money.

It’s been my experience that just about every business has revenue categories. Unfortunately, many entrepreneurs don’t bother to segregate their services into any formal groupings. As a result, they have no idea what percentage each product or service groupings contribute to their revenue.

 

But revenue grouping is only half the equation. We often hear that we should be focusing most of our time on revenue generating activities. I absolutely agree that this should be every entrepreneurs priority, with one added caveat. These revenue generating activities need to be profitable and we should be focusing on the most profitable of these activities.

Therefore, in order to determine which revenue generating activities are the most profitable, we need to be able to attribute what it costs to generate those revenue. You do so by allocating all the expenses incurred to each of the revenue groups. In doing so, you can now determine the most profitable areas of your business. In other words, what’s making you money, where you’re losing money and everything in between.

By having the ability to analyse your revenue categories, you can begin to make educated decisions. When you consider how much labour, overheads, and other expenses go into generating revenue and then to find out you lost money or only break even, it’s heartbreaking. Granted getting a nice big cheque for a project you just completed is a wonderful feeling. However, if it has a low profit margin, you are effectively just trading dollars.

So first and foremost, you need to prioritize your activities on the most profitable products or services you offer. Then you need to determine how you can increase your activity on these most profitable items.

At the end of the day your objective is to narrow your focus to those items or activities that are the most profitable and quit wasting time on marginal ones. There are only so many hours in a day available to you and your staff. If you subscribe even just a little bit to the 80/20 rule you’ll quickly determine that a lot of your energy and your staffs is wasted on low value products and activities.

I know many will say that they have to keep their prices low in order to compete. This is where you need to get your head around the fact that you are in the money business. If that’s truly the case, get the heck out of that line of business or quit offering that product. If you need to stay in that line of business, then find a way to increase the value of your offer without increasing your costs. That way you’ll you can demand a higher price, thereby increasing your profits. These decisions are well within your control.

A True Story

Many years ago, I undertook this exercise to determine where we were making our money. Although it was a tedious process, it was an eye opener. The net result of that undertaking was that I cut over $300,000 of revenue from the company by identifying low margin activities and clients in industries where, due to competition, we were unable to manage any form of price increase to make them more profitable.

This was at a time when my company had just achieved breakeven and this decision was going to be a major setback. However, as expected or maybe I should say hoped, our profitability grew significantly, and we were profitable in less than a year.

In hindsight, it made perfect sense and the risk was more imagined than real. When you consider that we focused on fewer but more profitable services and clients or labour and other expense inputs dropped dramatically, which resulted in more profits for the company.

In addition, this exercise helped us to identify and target those clients and industries where there was very little competition. Doing so allowed us to regain the lost revenue within 18 months and our profitability continued to grow. 

Just to reinforce this point, Covid-19 forced many global foods companies to reduce their product offerings in order to focus on their core products. Lays, Procter & Gamble, Kraft and the Campbell Soup Company, stop producing, not just cut back many of their slower moving products because demand on their core products exceed their ability to supply. Some of these companies reduced their offering by upwards of 18%. Many of these cut products may never return to our grocery shelves because the companies realized that their profits came from their core products.

Spending money is easy, making money is hard

Another thing to keep in mind is, that spending money is easy, making money it is hard. Because of how hard it is to make money, every spending decision, whether that be on equipment or staff needs to be paid for somehow. For example, if you’re netting 10% profit on the bottom line, a $10,000 expense requires you to generate extra revenue by a factor of 10. In other words, you need to generate $100,000 in additional revenue just to cover the cost of that expense.

So before you or your staff clicks the “Add to Cart” button or slap down your credit card on supplies or that new piece of equipment, you better make sure it’s necessary. Because at the end of the day, that’s less money you’ll be able to take out of the company personally.

Money is such a precious commodity in any business. Some of the benefits of having money in the bank, is that it’s a great stress reliever knowing we have the capabilities to meet our obligations. Taking that stress off the table, then allows us to concentrate our time on more productive duties.

It’s in times of crisis that the importance of money is reaffirmed. Crisis come in all shapes and sizes. From key customers that quit buying to pandemics, each can seriously mess with your business. So by adopting the attitude that you’re in the money business, will go a long way significantly increasing your profitability and your income.

I’d like to know your thoughts if you were faced with a similar situation. So, leave your comments below.

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If you found this of value, please pass this along to any business owner that you fell could benefit by understanding that they’re in The Money Business

Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

What if, you had the chance of starting over? What if you could reboot your business? What would you do differently? Theses are questions that I regularly ask small business owners, especially when I come across those that are struggling, stressed out and unhappy.

The answers I get range from, “I’d hire better people” to “I would not have tried to grow so fast”. Let’s not forget the commonly heard “I was happier when I got to do the stuff I liked doing”. Depending on the individual and their speciality, that could range from selling to working in the shop.

Keeping your foot to the floor

The reality of business ownership is that we are driven to build the company as fast as possible. Of course, that makes total sense as we need to generate revenue and get profitable as soon as we can, or we just don’t survive. Simple enough and it makes total sense.

Where the problem arises for many, is that they just keep their foot to floor, to steal a metaphor, and don’t back off once they hit that threshold of profitability. For others, the bigger they get, the less money they seem to make. At some point, they reach that tipping point whereby they’re just tired of chasing what seems to be an elusive goal and now feel trapped in a future of their own making.

So why is that? Well the answer is pretty simple. Everything we read, see or hear regarding entrepreneurial success is about growing your business. Everything is sensationalised. Rarely do we hear about the thousands upon thousands successful small business owners who are quite content with the size of their businesses and are not looking expand other than by organic growth. But they exist, they’re successful and they’re happy.

If you’re not growing, you’re dying!

I too wanted to build that empire. I was also caught up in the grow your business mentality, where the mantra “if you’re not growing, you’re dying” was the battle cry of the day. There’s a small bit of truth in that statement, in that your revenues should be growing annually, if nothing more than to keep up with inflation. But as with most of these statements, they’re always taken to the extreme, which put undue stress on an owner and their ability to keep up. For example, the current buzz words are that you need to “10x” your business or grow it 10 times the current size. Really? Why?

It took a while for me to ignore the hype and focus on what’s was important to me. What I came to realize was that I wasn’t prepared to make the personal sacrifices required to grow the company at all costs. My family and quality of life were my priorities.

That’s not to say I didn’t have any drive or ambition. On the contrary, but I was no longer in a rush and I came to enjoy the measured approach to growth, where I could have some degree of control over it. Put another way, I subscribed to the notion that “the journey is the destination”. Once I realized what was important to me, I found my level or balance if you wish.

You don’t have to ask for permission

So, when I hear the answers to the question – What would you do differently? I usually ask, what’s stopping you? Which usually stops the individual in their tracks. They really don’t have an answer. Oh, they say things like, I’ve got too much invested, or I can’t just fire these people. To which I respond, you can do whatever you want. Who’s stopping you and why can’t you?

Seriously, we have the control. We don’t have to ask permission of anyone. As owners we are not infallible. We make mistakes. We make mistakes in hiring. We make mistakes in our strategic planning. We make mistakes in the products or services we offer. We are human and no one has a crystal ball. Yet too many of us get trapped by past decisions. So, what’s stopping us from changing? Is it ego? I believe that’s part of it. Is it pride? Yup I believe that also part of it. However, I believe the biggest issue is fear. Fear that we might make the same mistake all over again. That’s certainly a risk, but frankly it’s a small risk because you’re far more knowledgeable than you used to be, and you now know what you don’t like. The alternative of course is to do nothing, and I can pretty much guarantee you’ll continue to be miserable.

The beauty about starting over is you already have a business, so you’re not really starting over. It’s more of a makeover and it doesn’t have to happen all at once. However, you do need a plan because without one, you risk ending up right back where you started. What that plan looks like varies by individual.

Don’t get paralyzed

Yes, this process can seem a little overwhelming, so you need to make sure you don’t get paralyzed with all the decisions you need to make. So, the first thing you need do, if you’re looking to morph your business into the one you want, is to make a list of everything you want to change. Be tough and list everything and everybody. The objective of making the list is not just to get organized, but to break down everything you want to do into bite sized pieces. This will make the whole process more manageable and also help feel like you’re making progress as you check off the items.

Now rank the items from urgent to less urgent. Don’t forget to include your own personal improvements on this list, because you’ll also need to do things differently than you have. Next, just start with the first item. Remember, some things can be done immediately, and some may take a little longer.

A common example I run into is having to let someone go. You’ve most likely been contemplating dismissing the individual for quite some time. You’ve probably been putting it off because you’re hoping that they’ll improve or, more likely, it’s because you just hate doing the deed. But the truth is that deep down inside, you know it’ll never work, so why wait any longer? To use the Nike slogan “Just Do It!”. Although you may not enjoy the process, the sooner it’s done, the sooner it’ll be in your rearview mirror and you won’t be stressing over it.

Leadership

This whole process is about leadership. It’s about taking charge of your destiny, your future. Sometimes you lead from the front, sometimes you lead from the rear. This is one of those times you need to lead from the front, and you do so by taking action. No more hesitation. This is about your life and your happiness.

For example, I work with a number contractors in various trades. Many of them miss being “on the tools” as they like to say. For them it’s therapeutic and gets them away from the day-to-day running of the company. Unfortunately for most, their toolbelts are just hanging on the wall collecting dust. So, what I recommend to these individuals is to just schedule a few days a month where they strap on their toolbelts and go work on the job site. It’s that simple.

Do you miss the customer interaction because you’re too busy doing administrative duties? Then just schedule a couple of days to visit clients. The upside to getting out is that you may just discover missed opportunities with your existing customers.

Getting your business to align with your needs is easier than you think, because you have the power to make the changes you want. It just takes the sincere desire to make changes. If your goals have changed from when you first started, that’s ok, they’re your goals. You don’t need anybody’s permission to adjust course. If you do, I give you permission.

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Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

What if, you could start your business all over again? What would you do differently? What do you like or dislike about your current business? What would you change?

Why Mess With A Good Thing?

These sound like simple questions and that’s because they are. As entrepreneurs, we seem to get ourselves trapped into doing things one way. And why wouldn’t we, if it’s brought us some success? Why mess with a good thing, right? Not necessarily.

One of the problems is that the longer we’re in business, the harder it is to make changes. We’ve managed to survive and maybe even consider ourselves successful or resigned ourselves to the fact that this is as good as it gets, even if deep down inside we know it could be better. But aren’t entrepreneurs supposed to work hard and overcome challenges? Of course, but not everyday!

It’s Not A Fair Trade

Didn’t you go into business to have a better life? I don’t believe anybody goes into business to sacrifice their life or their family for the cause. But so many do and all the long they know it’s not right. It’s not a fair trade, but they do it anyways, and many lose more than they gain.

So, what if you could do a “do over”? How would organize and operate your business differently than it is now? Should you have grown bigger or stayed smaller? Would you have a larger staff or less? Should you have targeted different customers? Should you have narrowed your product offerings? Wish you could have more automation or electronic processes?

Don’t Let Fear Stop You

The point is we all make mistakes and head down rabbit holes that take our businesses to places we wish we weren’t. Then, for some reason we lose sight that we absolute control over our destiny. We forget that we can change whatever we want and all it takes is a little courage and faith in our abilities. Don’t let fear stop you from something better.

Transitioning a business to where you’d really like it to be, is not a revolution, but more an evolution. The reality is we have existing commitments to clients, staff and suppliers. Refocusing our business should be done gradually, unless of course there is a crisis. Doing so, gives you the chance to monitor each change you make to ensure they are impactful and taking you where you want the business and your life to go.

Don’t Overwhelm Your Organization

Alternatively, the revolutionary approach risks alienating employees and customers and potentially overwhelming your organization with changes that can’t be managed. Doing too much too fast can leave you worse off than before.

So, what if you could do it all over again? What do you wish your ideal business would look like? Write it down. Don’t let the fact that you don’t know how to do something stop you. You can learn how or find someone who does know and get the help you need.

The objective is to get started down the road to reinventing the business you really want and it all starts with the simple question – What if?

You may also enjoy Define Your Own Success

An interesting read Shoe Dog

Copyright © Greg Weatherdon 2017

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Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

As entrepreneurs, we all set goals. It’s a way to measure our progress. The biggest difference I have found between individuals is the size of the goals. Some people are just more ambitious than others. But the size of ones’ ambition is not a precursor to success.

“Without Goals

We Risk Drifting Aimlessly”

Goals are wonderful, they keep us moving forward. Much like a ships compass, goals give us a heading or a direction in which to sail, even when our destination is over the horizon. Goals give us focus, because without them, we risk drifting aimlessly.

 

One of the most common goals entrepreneurs have, is a million dollars! It could be a million dollars in sales, a million dollars in profit or a million dollars in wealth. Regardless of what anybody says, a million dollars is still a lot of money and damn hard to achieve. and the 1st million is the hardest. The million dollar goal was immortalized by The Barenaked Ladies hit “If I Had A Million Dollars”.

 

The problem with having such lofty goals is that, although achievable, they’re rarely short term, nor easily attained. When you think about it, if we were to measure our progress on a daily basis, most of us would become disillusioned very quickly. The painfully slow progress would be akin to watching a kettle boil.

Patience and Resilience

Most big goals require the compounding effects of time and effort to achieve. Having a healthy dose of patience and resilience usually doesn’t hurt. A major setback can easily destroy the will to continue our journey, turning a goal into another failed impossibility.

 

To avoid the goal crushing reality that are part of the entrepreneurial life, I use a simple formula or process to break down my loftier goals into a series of smaller more manageable objectives. Simply put, if the 1st million dollars is the hardest, it also stands to reason that the $10,000 is the hardest. Yet $10,000 feels much more achievable in the short term.

 

Intermediary Goals

Once we get to that 1st $10,000 under our belt, we can set our sights on the $20,000 mark, then $30,000 and so on, relishing in our achievements along the way. Before we know it, we’re hitting our 1st $100,000 and have settled in and marking off the mileposts of our smaller, yet more manageable, intermediary goals.

 

Whenever, I’m faced with a large seemingly insurmountable goal, I always try to remind myself of the adage on how to eat an elephant and that’s one bite at a time.

 

Celebrate Our Successes

I know this sounds simple and that’s because it is. By setting smaller more realistic short term goals it gives us the opportunity to celebrate our successes along the way. More importantly though, these shorter goals allow us to refine our methods so we can achieve the next one much faster than the previous one.

 

Setting smaller more numerous goals will give you a sense of progress. Success can then be measured in months versus years, if not decades. Because the 1st million is the hardest.

 

An interesting read Pre-Suasion by Robert Cialdini

 

Copyright © Greg Weatherdon 2017

 

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Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

When we first hang out our Small Business shingle, we outwardly exude confidence in our idea and our abilities that we will succeed. But if truth be told, we have absolutely no idea how the story will end. Will it be a fairy tale or a horror story?

Mouse in a maze

Throughout the planning stages, we have spent hours upon hours dreaming of the future we will create. We hope that this future will take us on an amazing and positive journey. Realistically though, this journey will not be in a straight line from A to B. It will not be simply a matter of putting one foot in front of another. Often, the entrepreneurial journey is more akin to mouse in a maze where it keeps running into dead ends in search of that elusive piece of cheese.

 

Of the many challenges we face is that success and failure can exist in the same day and frequently collide creating an emotional roller coaster. But true believers have the confidence that no matter what obstacles come their way, they’ll have the wherewithal either go through it, around it or over it to be successful.

 

Self-assurance

This confidence is not based on wishful thinking but is a feeling that resides deep within them. It’s a belief in themselves. A self-assurance, if you will, that lets them focus on the end goal that allows them to continuously move forward even if they don’t have all the answers. They know they’ll eventually figure it out.

 

Having that inner confidence is what sets the successful entrepreneur apart from the rest of the pack.

 

Recent book read Deep Work by Cal Newport

Copyright © Greg Weatherdon 2017

 

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Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

Why would anyone want to be an entrepreneur?

 Why would you want to have to constantly worry about getting business, hiring employees, making payroll, covering rent, dealing with grumpy customers, finding customers, firing customers, firing people, sending out invoices, collecting payment, marketing, fixing the computer, quoting on jobs, preparing presentations, working too hard, sleeping too little, meeting with lawyers, meeting with accountants, explaining to bankers, being rejected, losing customers, out guessing the competition, managing your time, trying to be creative, managing people, selling, being late, shipping, receiving, paying bills, getting home, getting home on time, prospecting, closing, reporting, profits, networking and deadlines?

Why The Heck Not?

On the other hand, maybe the question should be, Why the heck not? When done right, the freedom and rewards far outweigh the alternative.

If you found this helpful, Tweet, Like or tell a friend.

Copyright © Greg Weatherdon 2017

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Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

A wonderful piece of advice we can all use is that we should all have two mentors. One that is older that can share the wisdom that comes with age and can helps us avoid the many pitfalls that they’ve experienced.

The second and younger mentor, and by younger I mean at least one generation behind us and not just a few years our senior. This mentor or group of mentors will be the ones that keep you in tune with the new trends and applications that are changing as quick as the seasons.

“have a mentor for sales and another for logistics”

In either case you may want to have more than one mentor in both these categories. For instance, you may have a mentor for sales and another for logistics, depending on your industry. As for the younger mentors you may have one for the technological changes and another for the social trends including social media.

I encourage you to give this concept some thought, because no matter how good we think we are, there’s no way we can know everything and having generational mentors reduce our learning curve and reduce our risk of errors.

Copyright © Greg Weatherdon

If you found this helpful, Tweet, Like or tell a friend.

 

Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.

Have you ever taken the time to actually inventory your achievements? Every once in a while we should stop and look back over our shoulder to appreciate really how far we’ve come since we stepped into the abyss of self-employment.

Success has many definitions. To some it’s a state of mind, to others it’s a financial achievement or the accumulation of possessions. Unfortunately, many have yet to create their own definition.

Define Your Own Success

The advantage of being an entrepreneur is that we can set our own parameters to this definition. In this age of over-hyped 24/7 news cycle, it’s easy to get sucked into someone’s else’s definition of success.

Just remember that you and you alone can determine your success. What is important for one person may not even be on another person’s radar.

Some people take a more holistic approach and are less concerned with the materialistic trapping normally associated with success. To some personal health, happiness and well-being are part of their definition? To others they look at success as a full contact competitive sport, where the one with the most toys wins.

Take A Moment

It’s funny how we plan for so many things in our lives from next vacations, car or TV we’ll purchase, yet we never seem to plan for success. To be sure we have some vague and random thoughts, but most of us are so busy chasing an undefined goal that we usually don’t even stop at the crossroads of success and achievement.

Let’s be clear, there is no right or wrong answer. The only definition that matters is yours. Comparing your situation to someone else’s is a fools’ game and one that can be rarely won.

We spend a tremendous amount of time developing business plans based on revenue, profit, market share, etc. So how come we don’t add a section on life goals and success?

Copyright © Greg Weatherdon

If you found this helpful, Tweet, Like or tell a friend.

Get More LIFE Out of Your Business

You shouldn’t be the hardest working person in your company.

Many small business owners find that even after the struggling start-up years, they’re working too many hours and still managing every aspect of their businesses.

Greg Weatherdon has been there, done that. As an entrepreneur, he learned not only how to get a business to the point of running smoothly, but also how to reduce the number of hours he worked, delegate more responsibility to his employees, and take longer vacations while his business chugged along like a well-oiled machine. And now he is providing the secret to success.

Do you suffer from any of the following?

1. Business ownership isn’t living up to the dream.
2. Endless workdays.
3. You can’t find good people.
4. Profits are less than expected.
5. You can never take a vacation.

You’re not alone. But there is a solution. As Greg demonstrates, with some time and effort, you really can Get More Life Out Of Your Business.