5 Methods To Sustain A Successful Business!

5 Methods To Sustain A Successful Business!

I come across many businesses on a daily basis, and some of them follow my philosophy and some of them look at me as though I’m an alien. I tell people all of the time, to keep their businesses simple and focused-slow and steady wins the race! But, time and time again, I’m met with those who think putting their hands in many pots makes them both versatile and bring them closer to success at a faster rate. Yes, I’ll agree my company offers many different services, however the true service we offer is office management. That’s what I own-a virtual office management company, and to say I’ve moved at a turtles pace in building and sustaining this company of mine is an understatement. It’s the key though to building a secure and strong business! Here are my top ten methods to building and sustaining a successful company. Do you utilize any of these tools?

 

1. Dream Small-When one sets out to start a business, it’s easy to dream big-why not? Mark Zuckerberg dreamed big and look what it got him? Big returns! For the rest of us however, we need to dream small. Be realistic about your goals and don’t set out to reach goal 2 and 3 before you reach 1. Complete each task in it’s entirety or you’ll only set yourself up for failure. Build an air-tight foundation to your business and it cannot fail!

2. Captain or Deckhand? Pick one!-You can’t both lead a boat and row at the same time. It’s impossible. So, why do so many businesses think they can do EVERYTHING by themselves? I hear every excuse, “I can’t afford it”, “I don’t see the point in hiring someone to do what I can just take care of myself” and so on, and so forth. Of course, you can probably manage your office AND do your very focused job, but do you want to? Probably not. Do what you’re really good at, and hand off the rest to keep you from losing focus. Doctors have nurses for a reason…you should have an office manager for that same reason as well.

3.The Elevator Speech-If I asked you to tell me who you are, the name of your company, and an overview of what your business does, could you do it? Of course you could! But, could you do it in 30 seconds? Maybe not.  Rehearse this, even if you don’t need to actually use it, to really boil down the essence of your company. It’s a great practice to help keep you focused on who your business and you are in your core.

4. Mr./Mrs. Right-If there’s anything I’ve learned from networking it’s to be uber specific about who my ideal client is. Do you know who yours is? No, it’s not “Anyone who needs plumbing!” (if you’re a plumber, of course). Write down who your ideal client is, where they live, what they do, etc. to pinpoint your market and draw a clear, narrow path to your success!

5. Get To The Point-What is your ultimate goal for your business other than make money and retire in the Bahamas? Think small here: what is your ultimate goal this year? This month? This week? Take small bites, set small goals and create positive habits to reach those goals consistently!