Published: Wednesday, 10 April 2019 06:48
Written by Rose Tilford
Stop Playing the Blame Game
Tag. You’re it. Blame game over. As the CEO, you’re the one ultimately responsible. Suck it up and realize that you make mistakes. Not you? Think again.
The SBA states that only 30% of new businesses fail during the first two years of being open, 50%during the first five years and 66% during the first 10.
Success Isn’t a Destination, It’s a Journey
You’re already on your journey. Do you know where you’re going, how to enjoy the journey and the best ways to get there? And will “there” be the same place in 2, 5, 10 or 20 years? Success isn’t what it’s about. After you’ve achieved success, where do you go? CEOs who realize they have taken things as far as they can are successful. CEOs who want to accomplish goals are visionaries. Which one will you be?
Know the 51 Fatal Business Errors - FREE Webinar
You think you’re doing everything right to have the best business possible? Think again. Take a peek at just some of the 51 Fatal Business Errors. Does any of this sound familiar?
Trading Your Time For Money
A business should be much more than simply punching a clock and getting paid. Super-successful business owners don’t get paid by the hour, they get paid by the idea. Learn to separate how hard you have to work from how much money you make. Tweaking your business model can create an easier to run business that makes more money and allows you to work ON your business instead of IN it.
Flying Upside Down
Military pilots will tell you that they can fly upside down at high altitudes and only know they are upside down from their instruments. In business, flying upside down is failure to monitor your KPI’s. Key Performance Indicatorsare your dashboard that keeps your business profitable and flying right-side up.
No Repeatable and Predictable Sales System
Most businesses use the sales system called “Don’t just stand there, sell something.” Every business can create a predictable, repeatable, and highly profitable sales process. Learn the 7 components to every great sales system.
Wearing the Dog Collar
“Should, gotta, have to.” Every time you say one of these words you acknowledge the “collar” your business has on you. These low impact activities that trap you are the “Dog Collar.” Learn how to identify the Dog Collar and GET RID OF IT.
The Rising Tide Will Carry My Boat
When I don’t know what to do, I do nothing. This slowing economy is scary, so I am staying put, cutting expenses, and waiting for President Trump to fix my issues. Come on, you are better than that. Turmoil brings opportunity. Let us show you the seven options to successfully deal with a slowing economy and the five best opportunities to thrive in one.
There is nothing reasonable about deciding to run a business. It is either one of the hardest low-paying jobs in the world or one of the easiest, high-paying ones. Being reasonable—accepting the normal, average and mediocre, is a sure way to make it hard and low paying. Try the other option, being unreasonable; expecting your people to give their very best, all of the time.
Hiring Your Competitor’s Rejects
Think of your two-best people. Did you steal them from the competition or did “cream” rise to the top? Cream, right? Hiring supposedly qualified people from your competitors is typically a recipe for disaster. Stop wasting your time and learn how to attract, train and retain the future superstars in your business.
Nobody Can Do It As Well As Me
Ever catch yourself thinking this? “No one can do this as well as I can, and by the time I teach it to someone else, I could have had it done.” As long as you are doing it instead of training someone else, you are the bottleneck to your company’s growth. Figure out what you can stop doing, give away, or systematize to turbo-charge your growth.
Democracy Is Important In My Workplace
Servant leadership is a great thing if it WORKS. Your people are looking for a LEADER, not a servant. Learn the 4 qualities of a benevolent dictator and ditch the kowtowing.
I Bet You $1,000,000 You Can Make $1,000,000 More
For years, we have been touting accountability traps. That same fierce independence that makes you a fantastic entrepreneur makes you lousy at being held accountable. You can’t hold yourself accountable, so learn 5 other ways to dial up your accountability and simultaneously dial up your profits.
My Business Should Be Worth More…
You’re right, it should be worth more, but it probably won’t be unless you employ two simple techniques to double or triple the value of your business.
I Wear 27 Hats
Yep, you are the CFO, Operations Manager, Sales Manager, and Chief Bottle Washer. There’s a right, and profitable way to wear 27 hats and also a crazy, insane, low-paid way to wear those hats. Learn the difference between the two and how to slip into the Emeritus Role for the easiest, best-paying job you have ever had.
Your Business Model WILL Fail
80% of your business’ success is accounted for by your business model. However, even the best business models STOP working. Name a business that has been successful and not tweaked their model. You have to modify your model, or it stops working. Learn the 8 components of a great business model and how to improve yours.
My Expanded Vocabulary Frequently Includes “YaBut”
The word “YaBut” creeps into your conversations like a noxious weed, choking the life from your business. Does this sound familiar? “YA, this could work, BUT here’s why it won’t.” YaBut really is just another way to makeEXCUSES, EXCUSES, EXCUSES. Start removing “YaBut” from your vocabulary.
I’m Not Any of These….I’m Mr./Ms. Perfect
Don’t break your arm patting yourself on the back. If you said, “well, that’s not me.” Better change it to “that’s not me, so far.” There’s a lot more to consider besides the few points mentioned here. If you want your business to progress, you’ll have to consider all 51 to really know if your Mr. or Ms. Perfect.
Learn to be the Best CEO you can be…
Join us for a 360 Business Coach FREE Webinar
The 51 Fatal Business Errors!
How Many Could You Survive??
Please reserve my seat at the 360 Business Coach webinar Its FREE! I hope to see you then https://expertise.tv/webinar/how-to-overcome-51-fatal-business-errors/landing/10828