Lots of folks want to go into business for themselves but few folks really do. And those who do, 6 out of 10 of them fail within the first five decades. I will expose 3 harmful thought patterns that could destroy your business and how to overcome them. #1: Doing What You Want To Do With No Clear Vision A good deal of people, who go into business for themselves is an authority in their craft. Unfortunately, the majority of them set themselves up for failure since they begin doing what they know to do and ignore the rest.
These businesses begin operating according to the needs of the owner instead of the requirements of the business. It’s this dangerous thought pattern that dooms their business before it even starts, and the reason is simply this: The owner is so focused on doing what they are an expert at, they fail working on what the business requirements.
They don’t have any vision for where the business is moving or plan for advancement. It’s vitally important that you build a compelling vision, values, purpose, and mission for your business that provides you the clarity and fortitude to withstand the ups and downs that Initially, you can do anything your business needs you to perform. However, after some time, you end up doing not just the job you know how to do, but all the challenging stuff you do not know how to do too.
Then, ever so slowly, you understand there is more work to do than you can possibly get done. There is nothing wrong with being an authority in your craft. There is only something wrong with being a professional crafts-person who owns a business without changing this dangerous thought pattern! As a professional crafts-person turned business-owner, your focus is upside down. You find the world from the bottom up, from a worker’s perspective, as opposed to from the top down, from an entrepreneur’s perspective.
You’re so used to working in somebody else’s business which, now, you are working on yours. But, as you’re working in your business, there is something more important that is not getting done. And it is the tactical work, the implementation of systems which will lead your business ahead, so it is possible to live the dream you have envisioned. If you would like a viable business and not work yourself to death with this dangerous thought pattern, you have to have the ability to produce growth predictable and orderly.
You will need to consider a business as a set of systems that will result in growth. #3: Getting a Tactical View Rather Than a Strategic View When a business owner is focused on working in their business as opposed to on it, they become uncertain of their priorities and attempt using every tactic they can get their hands on to bring in the earnings they desperately require. They impulsively try the most recent trend or newest procedure hoping it is going to work. With this dangerous thought, the pattern isn’t how you run a successful business!
You should have specific objectives or any way to quantify whether that strategy is working or not. You want to use a Vision-Based Framework that will assist you to get the clarity, focus, and direction your business should go forward. It helps you filter out distractions and use the proper tactics which are in alignment with your business’s vision and strategic plan. That is so important because what your business is about is more important than what you’re selling.
So long as you have the harmful thought pattern of seeing your business from a bottom-up perspective, you’re doomed. Knowing the difference between what goes on in a specialist craftsperson mind who owns a business, the mindset of an entrepreneur whose focus is on developing and building a successful business, and the 3 hazardous thought patterns which could ruin your business, is crucial to discovering why many businesses do not flourish and ensuring that yours does.