One Key Thing Successful Business Owners Do

One Key Thing Successful Business Owners Do
April 23, 2019 Biznostics

 

What separates an average business from a successful one?

There are a number of things, but one that stands out is: successful business owners will work ‘ON’ their business.

 

See, most small business owners are really good at their profession or trade, so they spend far too much time working ‘IN’ their business.  This is fine to start with but when the business starts growing things start to change.  As Michael Gerber says, we need to learn the the three stages of business:

  • the technician
  • the manager, and
  • the owner.

When you start to hire staff and are dealing with more customers, you need to change the way you do things.  For things to progress and for your business to keep growing you’re going to have to work on your business.

This is something that really needs to be thought about by all business owners.

Unfortunately, not all business owners take this advice on board. In fact, most won’t, but if you’re one of the ones who does it could change the way you run your business, and your business success, forever.

The key difference between businesses that are successful and businesses that are not, is that successful businesses work on their business.

What does working on your business mean?

Quote simply working ‘ON’ your business is taking the time to make your business better rather than keeping on doing the same things all the time.  Generally, working ‘ON’ your business will help:

  • Add profit;
  • Increase sales;
  • Makes things more efficient;
  • Build capacity.

They are often things that are important but not urgent and that is why there is a tendency for some business owners to put this off at the expense of just keeping up with the day to day.

How much time should you work on your business?

So how much should you work on your business? We suggest 10 percent. 10 percent of your time should be working on your business.  If you are doing a 40 hour week then invest at least four hours every week working on your business.  This is what it will take to make a difference.

What should you work on?

Now, what should you work on? Well, things that are going to improve your business.  Things that are going to help move your business from chaos and get it under control. This could be things like:

  • putting systems in place…
  • understanding your finances…
  • training your team… and so on

There are just so many things that you could be doing which are ‘ON’, not ‘IN’.  They improve how the business functions and business performs, and it allows you to grow it successfully.

So, really take this on board. Be one of the few small business owners who chooses to work ‘ON’ their business.  Dare to change from working where it’s comfortable on the tools, to working on your business.  Take this on board and you are well on your way to building a successful business.

 

 

P.S. Whenever you are ready here are 4 ways we can help you build and grow your business:

1) Download your copy of 3 Proven Tactics That Give You 5 Hours Back in Your Week

This totally free guide includes tips, time-savers, and expert advice on how to immediately claim back 5 hours of your time each week. Inside you’ll discover 3 proven tactics to stop time being wasted in your day so you get more done each week. To access the guide click here

2) Watch the Business Freedom Formula Video

In the video you’ll to discover the step by step blueprint we use to help small businesses create their version of business freedom. This could be simply streamlining your business so it runs more efficiently, increasing your profits so you have more choices or setting your business up so you can have time off without worrying that it is all going to fall apart. Click here now to watch

3) Book a 10 Minute Exploration Call

If you would like to explore how Biznostics can help you run and build your business, then book your 10 minute exploration call. On the call we’ll find out a little bit about your business and work out if and how we can help you.  Book your call here

4) Join our Business Freedom Program

The Business Freedom Program is designed for business owners who feel stuck in the day to day running of their business and their business is not running as efficiently as they like. It helps you make your business much more profitable, much more efficient and much more enjoyable to work at.  We are putting a new group together next month so if you would like to build a strong and successful business email us here with ‘Business Freedom’ in the subject line.