SBM #19- What’s Your End Game?

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As a business owner, do you even know what you’re trying to achieve? Waking up and hoping that today will be better than yesterday is not much of a strategic initiative and will do nothing to advance your dream. Alternatively, simple statements like I want to be wealthy or sell the company someday and retire just don’t cut it, they are just too vague.

Being successful in business is a combination of hard work, focused attention, and luck. Unfortunately, all three elements must work in harmony to ensure a fruitful outcome.

Hard work is not enough

Hard work on its own is not enough. Heck if it only took hard work, most entrepreneurs would be multi-millionaires. Similarly, focused attention by itself won’t do anything if you don’t put things into action. 

It’s like spending the day watching an aquarium full of fish, entertaining but not very productive. And lastly, there’s luck. They say that luck is nothing more than preparedness meeting opportunity and preparedness is equal parts hard work and focused attention on your desired outcome.

Stephen Covey stated that you must begin with the end in sight and in my opinion the best way to do that is to take the time and define why you went into business in the first place. 

Once that is completed, sit down and write a one pager describing what your business will look like when in five years. This exercise will force you to crystallize all those thoughts running through your head and give you a target to hit.  In other words your end game.

For examples and worksheets go to my website at www.gregweatherdon.com/download

Copyright © Greg Weatherdon 2015

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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.

Get More LIFE Out of Your Business

ORDER HERE

SBM # 11 – Passion

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Entrepreneurship is currently all the rage. It’s the Pot of Gold at the end of the rainbow. It’s the magic elixir that will fix everyone’s problems and so many people are spending hours daydreaming about the life they will enjoy once they get into business.

Unfortunately for the uninitiated, going into business is very hard work and for the most part the reality of being in business doesn’t come anywhere near your dreams.

So if you’re bound and determined that being a business owner is on your horizon, you need to have one important ingredient- Passion.

Passion vs Excitement

Now don’t confusion true passion with excitement. Passion is your secret sauce, your silver bullet. Passion will keep you going when all hope has vanished. Passion is that internal flame that keeps burning long after you would have normally packed it in and quit, excitement won’t do any of that.

Believe me when I say, there is absolutely nothing wrong with dreaming about being in business. I’ve started thousands of businesses in my mind and the beauty is, it cost you nothing, so go ahead and dream. But if you’re going to turn your dream into reality, just make sure you choose the right dream and that you’re passionate about it.

 

Copyright © Greg Weatherdon 2015

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.

Get More LIFE Out of Your Business

ORDER HERE

SBM #10 – Work Life Balance

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One of the biggest challenges entrepreneurs face doesn’t have anything to do with revenues or expenses, but has everything to do with achieving that elusive goal of Work Life Balance.

Starting a business requires a total commitment and dedication over an extended period of time because overnight successes are very rare.

Fortunately for most of us, we are blessed with a significant other who is willing to support our ambitions for extended periods of time but we must also live up to our end the deal and this is the challenge.

If the world was right, we should be able to have equal parts work and family time. But the world is not right.

In business, having Work Life Balance is akin to being on a teeter totter. One minute you’re in the air with your feet dangling, that would be work, the next you’re on the ground in control, that would like life and rarely are you ever equally balanced.

So instead of stressing over achieving that perfect balance every day, look to be 100% present in your life when possible.

 

Copyright © Greg Weatherdon 2015

 

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.

Get More LIFE Out of Your Business

ORDER HERE

SBM #9 – The Blame Game

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Successful entrepreneurs rarely engage in the Blame Game. The Blame Game is when anything negative happens it’s always someone else’s fault and never theirs.

You see at the end of the day, we make the decision to proceed down a given path even when we’ve consulted or solicited input other professionals. And once we have gathered as much information as we think we’ll need, it is then we make the decision to proceed or not proceed. The operative word is “we”. Right, wrong or indifferent “we” make the decision and as a result we must wear the consequences of that decision.

Blame someone else

Of course it’s always easier to blame someone else as it protects our self-esteem or egos, but successful business owners rarely go there and when they do, they don’t stay long.

They understand they are going to get incomplete advice and that they’re going to make a wrong decision, but when that happens they chalk it up in the loss column and move on.

Wallowing in self-pity or playing the Blame Game is just counter-productive to the successful entrepreneur’s way of thinking.

Copyright © Greg Weatherdon 2015

 

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.

Get More LIFE Out of Your Business

ORDER HERE

SBM #6 – What Made Us Successful?

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At one time or another, many owners are faced with a business that has stalled out, and often it’s a simple matter of a sluggish economy and with a little patience things recover and growth resumes.

Look under the hood

For others though, their business has just plateaued and are at a loss as to how to regain their rhythm and push through to next level. When this happens, the first place I look is under the hood of the business. Is it structurally sound with the right people in place to go to the next level? In other words is the company ready, willing and able?

In many situations all the elements are in place. I then turn to the owner and ask “What made you successful?” “What did you do when you first started out to generate business?” Was it networking, participating in associations, cold calling and how much of that do you do now?

What typically happens is that we get so busy servicing customers and making money that we stop doing those things that made us successful in the first place.

So when you find yourself with a stalled business, ask yourself “What made us successful?”

Copyright © Greg Weatherdon 2015

 

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.

Get More LIFE Out of Your Business

ORDER HERE

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