Being a Successful Business Owner

Being A Successful Business Owner

The 8 Core Areas of business success focus on the fundamentals of your business.  The other critical determinant of your business success is you.

Why do two businesses in the same industry who have access to the same information end up in two different places?  It is what they do with the information that counts.  It is all about their attitude and their actions.

The fact is the more you grow as a business owner the more successful your business will be.

And it is our thinking about our self and our business that determines how quickly we grow and what we will do or won’t do to build a successful business.

Too often we can be our own worst enemy with some of the things we think or say to ourselves.  These can include things like:

Blaming others when things go wrong

When something doesn’t work out it can be easy to blame someone else.  But it’s not the government, your customer or your suppliers fault.

If something does go wrong with a customer, contract or staff member … own it.

The first place you need to look is in the mirror.

Take responsibility and make it right.

You will get things solved in half the time, rather than avoiding, denying, blaming or whatever other thing doesn’t involve owning it and fixing it.

Being closed off to new ideas and opportunities

This is the old ‘can’t teach an old dog new tricks’ and can really hold your business back.  The pace of business is so fast these days that you need to be able to be open and nimble to adaptable to changes in your market place.

Unfortunately, many small business owners get stuck in ‘I’ve always done it that way’ or ‘Everyone in my industry does it that way’… and this keeps your business in the same place

It comes back to the definition of insanity – doing the same thing and expecting a different result.

For things to change, you must be open to new ideas and new possibilities.

Thinking your business situation is different

This is another area where you start to close off before even having a go.  It is where you tell yourself that that it won’t work in your situation or you’ve tried it before.

Perhaps you tried it the wrong way.  Perhaps you didn’t try at all.

The reality is that at their core all businesses are the same.  Every business must deal with people. Every business needs to make sales.  Every business needs good cashflow.  Every business must make profit.  Every business should pay its owner to work there.

Your job is to get great at these core areas of your business.

Thinking no one can do it as good as me

If you think that no one can do it as good as you then who ends up doing it?  You!

This thinking keeps your business small because when you think this it is hard to delegate and hard to trust people…and running your business becomes hard.

The reality is there are better people to do some of the things in your business.  It is up to you to find them, hire them, train them and lead them so you can get more done in your business.

Fear

We all have fears, of different things: fear of failure, fear of rejection, fear of loss, fear of heights, fear of death.  Fear is actually a good thing as it is designed to protect us.  The problem comes when we are feeling fear when something is outside of our comfort zone… as this is often where growth comes from.

Successful people still feel fear, but they will still act.  At the end of the day being in business is about taking calculated risks.  Your job is to educate yourself so you can make an informed decision and move forward outside your comfort zone.

Left unchecked, all these types of thoughts can sabotage your success as a business owner.

To combat this you need to be always working on a success mindset so that when things get a bit tough you are able to come through stronger on the other side.

Check out the tips below on how you can become a successful business owner

 

 

  • Simple Tips To Improving Business Results

    Getting business results is very similar to achieving good health and fitness. Both require effort, discipline and consistency. So, here are four simple tips you can apply to improving business outcomes: 1) There are no magic pills It takes discipline and consistency. There are no magic pills. Working on your…

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  • Do You Celebrate the Little Wins in Your Business?

      It is important to celebrate your wins, whether they are big or small, so that you can keep the motivation and enthusiasm up in your business. Typically, most people would wait for something significant to happen, or a big achievement before they start celebrating. That is probably because people…

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  • Processes and People In Your Business

      Get your business humming along with these two key areas. Businesses fundamentally run on some key processes. For example, the process of acquiring customers, or the process of getting a specific task completed. Processes enable your business to run smoothly if they are followed consistently. Without them, it would…

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  • What Are You Grateful for In Your Business?

      Usually in business, when problems arise and when things are not working out, you will tend focus on the negative things, the problems and what is not working. This can send your business into a vicious downward spiral. In that moment, you can often forget to look at what…

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  • The Importance of Asking Better Questions In Your Business

      You might have heard the famous saying that “nothing is impossible“. When working towards your desired outcomes, it is always important not to take anything at face value. There is always a way around issues in every situation. Consider this situation: You have broken your foot a few weeks…

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  • Where Are You Working Hard, Instead of Smart, In Your Business?

      Are there areas of your business where you are working harder instead of smarter? Working hard is one of the keys to success but only if you work hard on the right things. Here are four things for you to consider to help you work smarter in your business…

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  • How You Can Move Your Business Forward by Learning the Lesson

      Have you ever been in the place where the same mistakes or situations keep happening in your business no matter how you attempt to solve it? These repetitive problems can frustrate you, and even your team. It can possibly frustrate your customers too. No matter where you are in…

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  • The Importance of Asking Questions In Your Business

      Have you ever wanted some advice on a situation but someone just marched in with a solution even when they did not have enough information about what is exactly going on? There are a lot of facets relating to your business that involve yourself as a business owner, your…

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  • Are You Treating Working On Your Business As A Luxury or Necessity?

      Many small business owners seem to think that working on your business is a luxury. Working on your business is not a luxury; it is a need. If you choose to go into business for yourself, then you must work on your business. So let’s explore the difference between…

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  • What Do You Do When Things Seem Hopeless In Your Business?

      What do you do when everything in your business looks hopeless? Have you ever felt at one point that you could not find the solution that you needed to get you out of a bad place in your business? If you have not, chances are as a small business…

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  • The Importance of Having Time With Your Support Groups In Your Business

        Do you have a great support network around you in business? Having a few support groups is crucial for the success of your business. There are the more obvious people helping you in business like your staff and suppliers but there are many others behind the scenes that…

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  • How To Manage Problems In Your Business

      Have you ever felt frustrated about the never-ending problems in your business? What if your role as a business owner was to become an expert problem-solver? What if it is possible to look at your problems differently so that you can create a more successful business? The reason why…

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

1) Join the Construction Business Owners Network

It’s our new Facebook Community where business owners in the construction industry learn how to make their business more efficient, more profitable and more enjoyable to work at.   Click here to join

2) Watch the ‘From Business Slavery to Freedom’ Video Training

Watch this 20 minute crash course on how to take control of your time so you are more efficient, less stressed and have more freedom. Click here now to watch

3) Book Your 30 Minute Exploration Call 

Ready to take your first step towards business freedom?  Let’s jump on a call and brainstorm the simplest, quickest and smartest path to achieve your business goals.  Book your call here

4) Join our Business Freedom Program

If you’d like to work with us directly to create a business that makes the money you want and gives you choice of how much you work… email us here with the word ‘Freedom’ in the subject line and we’ll get you all the details.