Sign in to join Peter Williamson's fan club.
3 Proven Strategies To Effectively Run Your Business So It Doesn't Run You
by Peter Williamson
There's no question that we are our own worst enemy. As business owners, shifting our mindset to overcome fear of failure is no easy task. But stressing day in and day out can kill you. I work with a lot of business owners who call me when they are too tired and stressed to tread water any more, and feel like their whole world is sinking. Searching for a paddle on a sinking boat isn't going to help plug the holes. Let's call the "holes", in this case, stress.
Stress is the same worry.
"I worry," says a warehouse owner I'm working with, "that my family is not going to keep the business up and running if I pass it on to them."
"I worry," says another in the electrical engineering field, "about whether I have a system for controlling, managing and reporting the company finances so I can truly know if I'm building real profits."
"My biggest fear," says Steve, a mechanic, "is that I put in all this time and energy into keeping my business afloat and have no time left for anyone, including me!"
As I tell each of my clients experiencing stress in areas of management, team, finance, and marketing, there are key ways to eliminate worry and stress. I will outline 3 of them for you today:
• Your priorities might be mixed up.
• Your solid game plan might not be in place.
• You care too much.
Did you curl an eyebrow over that last one? Caring is important, but there's a world of difference between worrying and caring about something and doing something about whatever it is that's worrying you. So, here are some important "Do's" to consider.
• Revisit your "to do" list and see if some of the things on it are not a priority, or can be delegated to someone else on your team. If you realize that there is no one qualified on your team that can handle these tasks then revisit the idea of hiring a more effective team!
• Revisit your business plan, including your mission statement and vision and see if they are still realistic or if you need to modify them.
• Continue caring; just be sure that you aren't mistaking caring for avoiding whatever you're worried about.
Let's look at each of these points individually.
The ol' "Get-Up-And-Go-Has-Got-Up-And-Went" Syndrome:
Is your "to do" list growing by the minute? Are answering email and phone calls, attending meetings, compiling reports and the multitude of other responsibilities running you ragged? Part of your "new plan" involves building a reliable team. To me, reliable team members make it possible for you to run the business without it running you. If you are doing everything, it may feel like a point of pride, but in reality, you're wasting your valuable time - time that could be spent finding the right "team" handling what you do not need to be directly involved with.
The "I Know I Have A Plan . . . Somewhere" Syndrome:
Many times when we plan our business, we have visions of grandeur, projecting great feats that we will accomplish, and find the feats turning into defeats. Other times, plans are buried in a file or under a pile, never to be seen again.
By revisiting your plan and perhaps putting some systems in place that you had not been aware of originally, you will find, again, that the systems now are working FOR the business so you can work ON it.
The "Would You Care For Some Chocolate To Go With That Whine" Syndrome:
Don't get me wrong, caring is a wonderful thing. But, I'm going to call it something else for a moment and see how it agrees with you. Let's change the word caring to accountability. Someone has to be held accountable for both the success and failure of the business, and while the stressed economy is a great target to pin the proverbial tail on, it's important to eliminate any other possible reasons things aren't going well. Chances are if you focus on "fixing" #1 and #2 above, accountability will take care of itself.
While there are no "easy" answers to stressing out, there are viable solutions. A business coach can help you more clearly see what needs to be done to improve your situation and reduce your stress levels.
Think of it this way, rubbing two sticks together will undoubtedly start the spark that can be nursed into a flame, but a match against stone sure works faster and more efficiently, right?
Well, you're the match; a business coach is the stone. Let's strike a match and get the help you deserve that will reduce stress and advance your business beyond your wildest expectations.
ActionCOACH ML Peter Williamson's 23+ years of business experience includes executive positions at both startup and established manufacturing companies domestically and abroad. owning a consulting practice, and working for Fortune 500 companies. Email: firstname.lastname@example.org
Article submitted Tuesday, July 3, 2012 & read 49 times.
Please log in to leave your comments.
No comments yet.
Copyright © 2012 IcoLogic, Inc.