We are already more than halfway into the year. So how’s your Profit Plan looking? Chances are, it’s time for an update. Especially this year! We know most small businesses don’t have an annual Profit Plan. Hopefully all the struggles we’ve all experienced with COVID-19 will change people’s minds on planning.
Are you getting in the way of your business? Not that you are trying to get in the way, but it just seems that every time you dive in and get involved in something that it tends to go differently than you anticipated? Are you in touch with your power as the business owner?
How come nobody understands me? Didn’t I already tell you that? How many times do I have to tell you not to do it that way? We hear these questions and many more from business owners who are frustrated that they are having trouble communicating with folks.
We were talking with a client was lamenting about a key employee who had recently given her 2-week notice. We asked her a simple question we learned from Jim Collins in his book Good to Great. We asked her if she was distraught about the resignation or secretly relieved. Our client said she was secretly relieved.
Most successful business owners, heck most successful people, have a group of folks who they talk with about their business on a regular basis. So do you have a group of folks you talk with about your business? And we don’t mean your spouse, siblings, or friends. We’re talking about people who actually get it. Other business folks.
With so many things changing over these past 3 months, it’s good to know that some things stay the same no matter what. When it comes to business, one thing that endures is MVP’s 7 Keys to Success. These guiding principles for how to run your business successfully continue to be tested in all sorts of areas including a global pandemic.
One of the biggest challenges of this entire COVID-19 pandemic has been the need to adopt and adapt to new technology as a business owner. But this indigestion we are all experiencing with technology may actually be a great benefit to business going forward.
How do you think differently and more creatively about how you compensate your people? There’s never been a better time to try something new than the current situation with COVID-19.
What’s the world going to look like in 2030? More importantly, what’s your business going to look like in 2030? Does that seem like a crazy question with all the uncertainty in the world today?
There’s never been a better time to fail! Think about it. Nobody has the answers right now so why not try something new or different? Is there something you’ve been thinking about trying for a while and yet you’ve made all sorts of excuses for why you can’t do it?