Building A Business That Works For You

Written by Gordon Goh


Before you want to build your business, you need to know why you are in this business.

Many of us entered business as a technician. You knowrepparttar technical nature of this business; you do it everyday; over and over again. The question is: How can you do this technical work withrepparttar 103025 highest level of efficiency and effectiveness so that you'll have a great business?

Some of you enteredrepparttar 103026 business asrepparttar 103027 manager. You plan, you quantify, and you implement it with and through others. The question is: How can you do management work that will get your team to work for as though they're running their own business?

Some of you enteredrepparttar 103028 business as an entrepreneur. You have this wonderful idea. You're an innovator. How do I get others to see it, to feel it, to breathe it?

Is this familiar to you? It should be, there is an entrepreneur, manager and technician in all of us. We need all three to have a successful business.

Building a Business FOR YOU is just about 3 steps:

Step 1: Why You Do What You Do

The starting point for building a business that works begins with why you do what you do. The challenge facing most business owners isrepparttar 103029 understanding of what they want for their life. It's notrepparttar 103030 cars,repparttar 103031 money, orrepparttar 103032 house. It isrepparttar 103033 essence,repparttar 103034 purpose of their life. It'srepparttar 103035 source of their passion and their vitality. It gives them clarity and purpose. It is their guiding light. It is what we call their Ultimate Objective.

Do you know your Ultimate Objective? The business is designed and built to give you what you want, because it's your life we're talking about.

Step 2: Your Strategic Vision

Delegate, Don't Abdicate

Written by Gordon Goh


One ofrepparttar key skills forrepparttar 103024 leaders of growing businesses is to 'get'repparttar 103025 distinction between delegation and abdication.

Many managers and business leaders fall into one of two extreme categories:

They delegate too little and try to do it all themselves or they give too much away, abdicating both their responsibilities andrepparttar 103026 prerogatives of power.

As their businesses grow, many entrepreneurs try to micro-manage. We've all heardrepparttar 103027 term, but too often we fail to recognizerepparttar 103028 symptoms until it's too late. For entrepreneurs,repparttar 103029 sense that this is 'my company' orrepparttar 103030 belief that 'if I want it done right I have to do it myself' causes them to hold on too tightly and limit their results.

Atrepparttar 103031 opposite end are managers who 'hire someone to do that' and abdicate their role as supervisor and leader. One ofrepparttar 103032 first employees many entrepreneurs hire is a bookkeeper. As entrepreneurs, they want to focus on buildingrepparttar 103033 business and recognize that their time is not well used onrepparttar 103034 details of bookkeeping. So, they hire someone and never think about it again.

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