Every business owner knows that they need to spend time working “ON” their business no just working “IN” their business. All too common, most business owners get stuck working IN the business and rarely find the time to focus on what is important in the areas of working ON the business.
I have been running Business Growth Seminars regularly and the Number 1 feedback I receive from participants has been “Realising the areas of weakness in my business and the simple things that I can/need to do to improve”.
The number 2 feedback has been “Thank you, I didn’t realise that I didn’t know, what I didn’t know about business”.
The next thing I regularly hear is “I know what I need to work on, but I don’t know where to start” – sound familiar?
Every business will be achieving success at some level. The important thing is to understand exactly where your business is currently at in the ladder of success and where the opportunities for sustainable growth lie. This is the working ON the business stuff.
At ActionCOACH, we identify that there are 6 distinct levels in the Ladder of Success:
1. Mastery Level
2. Marketing Level
3. Systems Level
4. Team Level
5. Synergy Level
6. Results Level
Identifying where you and your business are currently at in the ladder of success is critical for determining the opportunities for sustainable growth within your business. Whilst there will always be peaks and troughs in business, there is no such thing as stagnation, you are either growing or dying. This can be identified by looking at your longer term results of your business Key Performance Indicators (KPI’s).
Many business owners find themselves in a position where they don’t know how to reach the next level of success in their business. This is generally because they have become so involved in the day to day running of the business that they forget to keep learning what they need to do to reach the next level of success.
Think about it, you have developed your business to where it is today, what will it take to grow your business to the next level of success? Where could you take your business if you applied 1 hour per day to working ‘ON’ your business studying, learning and putting into practice what you have learned?
One quality of leaders and high achievers in every area seems to be a commitment to ongoing personal and professional development. They look upon themselves as self-made people, as “works in progress”. They never become complacent or satisfied. They are always striving toward ever greater heights of knowledge and understanding.
Spending just 1 hour per day working ‘ON’ your business could be the difference between having a Good Business and having a Great Business, especially a business that works, without you!
If you would like to find out more about the difference of working IN your business compared to ON your business, please Contact Us …