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

 

 

  • Where Are You Putting Yourself In Your Business?

      Where you put yourself in your business can have a great impact on how you feel about your business and ultimately your results especially if you are you putting others’ needs ahead of your own. Do you put yourself first or last? On an airplane, they tell you to…

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  • How To Be More Precise In Your Decisions For Your Business

      As a business owner, have you ever felt that the decisions you make are a little off and that you wished you could make better decisions with more confidence? Imagine this: You go out to the beach to have a little surf. After catching a couple of waves, your…

    Read more
  • The Power Of Words You Use (And How They Can Impact Your Business)

    One of the major things that can impact your results in business is the words you use. This is often overlooked by many business owners and can impact your business in many ways.

     

    P.S. Whenever you are ready here are 3 ways we can help you build and grow your business:

    1) Join the Construction Business Owners Network

    It’s our free Facebook Community for business owners in the construction industry where you can learn ways to make your 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) 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.

    Read more
  • How To Set Clear Goals For Your Business

      Many business owners often lose motivation in business because they do not have goals to work towards to – be it business goals or just personal goals. They get deflated easily and lose their drive because they feel that they do not know which direction they are headed for. …

    Read more
  • Build a Business That Serves You – Why Is It Important?

        Have you ever felt that you are working harder than you actually should in your small business? Have you ever felt that you are being paid less than you are supposed to for all the hard work you are putting in? Could it be that you have drifted…

    Read more
  • Who Has Helped You on Your Small Business Journey?

      Behind every small business owner there is a support network that has helped and drive them into what they are today. Running your own small business can be challenging at times. It is a journey filled with highs and lows that is made manageable with the help of your…

    Read more
  • How to stay energised when running a small business.

      There are a lot of responsibilities of having your own business. It’s easy to get caught up in things that end up taking more time out of your day. It’s important to do the things that needs to get done. But if you’re letting your business run you instead…

    Read more
  • How to identify real business problems?

      As a business owner, chances are that at some point you would have experienced a number of obstacles that comes with running a business. You try to find a solution to these problems, however it can become frustrating when you find yourself dealing with the same issues over and…

    Read more
  • How to Maintain Motivation and Stay Sharp as a Business Owner

      Finding the time to take a break and figuring out how to re-ignite your motivation can be challenging when running a business. After all, you are wearing many hats and there always seems to be a lot going on. You work harder and harder hoping one day you’ll be…

    Read more
  • Why You Should Put Family First in Business

      How can we design our businesses so it puts family first? Last week, one of the founders of Biznostics, Rueben, spent some days at home looking after his eldest daughter who was at home sick from school. During this time, it really got him thinking about how hard it…

    Read more
  • What exactly is the true purpose of a small business?

      Over the weekend, Gavin spent some time at his son’s soccer game where he got thinking about the purpose of a small business. What if the purpose of a business was to serve you, your family and your community? Growing up, the local sporting clubs were usually sponsored by…

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  • How Do We Work Smarter AND Harder?

      In this week’s BizTruth, we explore the saying ‘work smarter not harder’ and how this applies to you as a small business owner. This saying is attributed to Allan Mogensen in the 1930s who was an industrial engineering consultant who is known as the the father of work simplification.  Allan would…

    Read more

 

P.S. Whenever you are ready here are 3 ways we can help you build and grow your business:

1) Join the Construction Business Owners Network

It’s our free Facebook Community for business owners in the construction industry where you can learn ways to make your 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) 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.