The report published by the SBA Office of Advocacy about the trend and data of Small Businesses confirms the fact that for every 5 businesses started, about 6 established businesses go out of business. Despite the pitfalls of business ownership or the atrocious numbers, the failure rate of businesses is not a deterrent to someone who wants to start his/her own business.
Just like you. Business ownership is not for the faint-hearted. There are both risks and rewards involved. Let's rephrase that- calculated risks.
The ENTREPRENEURIAL MANTRA (tm) is simply: the higher the risks the bigger the rewards.
So, is your business ready to create massive results in 2011? How much thought have you given to where you want your business to go? What are you goals, what are your plans, who will be executing the plans?
A great plan is as good as the efforts you put into executing the plan. Otherwise, your Plan sits on your shelf or in your computer for another year, unharmed, untweaked, untouched and zero results.
Have you heard of the saying "'Doing the same thing over and over again and expecting different results?' is THE definition of INSANITY." So what are you executing in 2011 to achieve results?
5 Checkpoints To Get Your Business Ready for 2011
NUMBER 1: Time to review your BUSINESS PLAN.
Did you start your business off with Business Plan - the one you took to the bank or shared Trusted Advisor when you were all excited about being your own boss?
If you did, well time to take it out and review it. When did you create the plan? 1, 2, 3 or 5 years ago? Are you where you thought you would be now?
If you answered YES. CONGRATULATIONS. You deserve every bit of praise. It means that you are committed, focused and disciplined to execute your PLAN! It seems that you are on track to getting to your goals of the original business goals.
If you reached your mark - 1, 2, 3 or 5 years of the business plan; what are you going to do in 2011 to take your business to the next level. A business can only grow to the level of Leadership that you can take it to. So as a Leader in your business, what knowledge, re-education, skills or add-on talent do you need to grow your business?
If you answered NO. CONGRATULATIONS to you too. It means that you've actually taken the time to review and acknowledge that you are not where you should be! You are not in denial and that's a great thing.
You know where you are, the state of your business and all you can do is plan and move forward. Time to tweak your plan, rewrite it and build into your plan SMART Goals! Maybe you were too excited about starting your business and you dreamed about the empire you were going to build. Now that you have your feet firmly on the ground, you'll need to figure out what you need to do in your business - better planning, better execution, the right people on board, etc.
If you have a Trusted Advisor and a Business Coach for your business, there is the best place to start. Remember that to succeed you'll need the help of other people. Your customers, your clients, your family, your business associates, your friends and most of all, CONFIDENCE in your self. So, start LEVERAGING to get to where you want your business to be.
It's ALL about seeing OPPORTUNITY in everything you encounter.
PS: By the way, just how high is your level of INSANITY?
No comments:
Post a Comment