Taking time to evaluate yourself and your business could help you get to your end goal at a much faster speed.
There’s a reason why it’s called "running" a small business. The role of a small business owner can be relentless, to the point where they feel like they are on treadmill – expending lots of energy but not getting anywhere fast. But the thought of stopping for a moment and taking stock can seem like an alien concept.
However, taking time to evaluate themselves and their business could help them get to their end goal at a much faster speed. Development starts at home.
It’s imperative that the business owner leads the development. Put simply, the speed of the leader determines the speed of the pack. In addition, the leading members of a business have the biggest impact on the culture, and consequently have the largest propensity to change the culture of the company.
Be willing to change
Companies today, more than ever, need to be nimble and ready and willing to change. Quite often companies products or services are still required by the market but how they are delivered needs to change. As an analogy, it’s similar to the way consumers want to have access to music. People have transitioned from Vinyl LPs to CDs to today’s MP3 players and iTunes. The end result is the same but the delivery mechanism is far more efficient and feature-rich.
This acceptance and active pursuit of change within a company is a top-down process. There is no status quo, companies are either growing or declining. Another modern phenomenon of 21st century companies is that they have a flatter organisation structure with all staff needing to be more flexible and take on varying roles. Employees will be far more tolerant of change and be more flexible - even excited by change - if there is a clearly stated vision from the leader of where the company is heading.
Another reason why taking time to develop themselves is so beneficial is that it helps the business owner recognise and address their business growing pains. Many business owners have a strong entrepreneurial spirit, which helped them start their business in the first place. But as a business grows beyond the start-up phase, some of these entrepreneurial traits can actually start to work against them.
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