Smartest Owners

November 5, 2014 3:18 pm No Comments

The 7 Habits of Highly Effective People.  A book that was based on a simple idea – the idea that successful, highly effective people have certain habits that they all share.  The idea itself was so simple and effective that it spawned a multitude of additional titles – The 7 Habits of Highly Effective Teens, Families, etc.  Similar to the authors of this series, we’ve noticed, from working with many small business owners over the years, that the most successful small business owners all share some core traits.  If you want to be successful in running your small business, you may want to look into developing these skills.

5) They use TIME efficiently.  Running a business is hard work, and it involves a huge time investment.  There are always things to be done, fixed, looked into or updated.  It’s very easy to get caught up in the minutia of the day to day of running your business, and lose sight of the big picture.  Successful business owners know how to delegate, whether by assigning tasks within their organization or by hiring outside help.  By taking small, mundane tasks – or larger tasks that are outside their wheelhouse – successful business owners free up their time and energy to focus on growing their business.

4) They manage their MONEY .  Money is the most important commodity for a small business owner – the urge to hoard it all away for a rainy day can be strong.  But the smartest business owners know to put their money to work for them by reinvesting in their business – in systems and support teams that will help them grow.  The trick, of course, is figuring out which systems and support teams are worth your money.  Successful business owners take the time to research all the options, and determine which is best for their individual business’ needs.

3) They TRAIN their staff.  Doing everything themselves is something every small business owner wants to do.  The best business owners know that their employees are their best resources, but not if they aren’t properly trained – on the processes you prefer or the software you integrate.  While it is an investment in both time and money, successful small business owners know that the return on that investment is huge.  Properly trained staff members ensure your business runs smoothly, ensuring that your clients as well as your internal finances are well taken care of.  They free up your time to focus on the big picture, allowing you to grow your business.

2) They embrace PEACE OF MIND – A stressed business owner is doing nobody any favors.  It’s tempting to try to do everything yourself – after all, you know you have your best interests at heart, and you certianly know what you’re doing.  But refusing to accept help simply winds you tighter and tighter until you finally snap – and that doesn’t do anybody any favors.  By accepting help – from within your staff as well as hiring outside assistance – and embracing the peace of mind that the help brings, you bring a totally new energy to your business that helps it grow.

1) They’re just plain SMART.  OK, in some ways this can be seen as a bit of a cop-out, because it does encompass all four of the other traits.  After all, being smart with your time, money, staff and energy are what they come down to, right?  But this is somewhat bigger.  It’s about keeping your eye on the prize, keeping the future of your business in your sights and not getting lost in the day-to-day.  It’s simple, but it’s true – smart business owners know to always keep the future in their sights.

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