COMMIT FIRST; FIGURE IT OUT LATER
The process for setting your company vision, “No money or time constraints”, does not require you to know exactly how you are going to reach it. It requires you to get 100% behind your vision before you figure out every detail. Success comes to those that commit most passionately to their vision, not necessarily to the smartest.
When you encounter a potential path that can help you achieve your vision, start your walk and figure out along the way what needs to be done.
Small business is all about talking risks and pushing the growth button. Fortunately, most of the risks do not require a lot of capital not, if properly tracked.
The ability to “risk” and act on an opportunity quickly, is what allows small companies to outmaneuver bigger, richer competitors. Unlike a big company that has layers and layers of management before something new is attempted, a small business owner can make a decision and act on it.
Nowhere is the caveat: just as big business has to jump thru a lot of hoops before something new is attempted, a small business owner may be “over eager” and ends up going in too many different directions. The key is to make sure that your vision is always in front of you and that the new directions you may be tempted to try are beneficial.
A frequent example is where a small business owner deviates from the vision which will ultimately provide the revenue goals and takes time, energy and perhaps financial resources to make a few dollars. Instant gratification, as I call it, may be the beginning of a dangerous path, where focus is lost and the business starts to decline.
This blog may seem like a contradiction, but it’s better to try something new as long as it leads you closer to your vision than to not take any action.
Tips & Advice by Nick Petra, CFP – Founder of Strategic Duck and BizQuack
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