There is always enough time and money, no matter what your age, or situation. Never use the “I don’t have enough time”, or “I don’t have enough money” excuses. They don’t ring true anymore. Everyone has the same 168 hours in a week, so accelerate action, mobilise the troops and get going again.
The most important thing is how you use your time, your money, along with the other resources available to you. Often the problem is merely a lack of resourcefulness holding you back.
The answer is simple and within everyone’s reach, by creating the time, money and the resources you want and need. You need to understand where you are spending your time and money and taking a closer look at the other resources which could be available.
Now, remove the things which are not propelling you towards your vision and objectives. It’s not rocket science. Start with a Business and Personal Health Check.
Accelerate action by becoming a capable risk taker.
A capable risk-taker is someone that can quickly weigh up the downside versus the upside, to take calculated risks. Business today changes rapidly, so the belief you need 100% of the facts to take a chance is a misconception, and it becomes likely you will miss out.
Without good people supporting you, it’s challenging to propel and scale your business rapidly. Find people with a can-do attitude who are not afraid of hard work as you can train them on most other skills. Identify their strengths and weaknesses and skill-gaps.
Adjust your Business model, rework your Business Plan and improve your Value Chain, as every minute spent upgrading them saves you time and money down the track. Good planning practices will open up the opportunities you are seeking while improving everyone’s productivity and overall performance.
As the initial shock of the COVID-19 pandemic restrictions on your business operations sinks in it will be time to take new action. After you’ve dealt with employees, customers, suppliers, and other stakeholders it’s an excellent time to take stock of the situation and plot out in more detail the potential impact on profit and cash flow going forward and how you are going to reverse your misfortunes.
If you’re like many entrepreneurs you might have a long list of ideas for fixing your business. Contact us for a tool to stimulate “Finding Opportunities in Communities”, https://faqsupport.com.au/contact-us/
Key Message: Develop your management team’s skills, know the key numbers and apply the 80/20 rule, to help you become more action-orientated.
“Have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary”. Steve Jobs
“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved”. Hellen Keller