Most small business owners start with a dream. The freedom to be their own boss, live life on their terms, and do work that matters. Yet according to the SBA, nearly 70% of small businesses don’t make it past ten years, and most failures come from cash flow challenges. The truth is, it’s not always about sales or effort. Often, it’s about mindset.
Building Success Through Integrity: A Practical Guide for Entrepreneurs
A practical guide for entrepreneurs about integrity? You might be thinking “Shouldn’t all business owners have integrity?” However, integrity is often perceived as a moral compass that we should do our best to show integrity. For a business owner, I argue that it needs to be a lifestyle and way of operating daily if you want long-term success. The term has its roots in the Latin word “integritas,” which means ‘wholeness’ or ‘completeness,’ and extends to the concept of integration. Integration also has its roots in “integritas,” which is also about harmoniously melding values, principles, and actions. But how does this abstract idea translate into a practical guide?
How can I Spend More Time Working ON my Business?
As we work to create a growing business, we often find ourselves caught in a relentless cycle of day-to-day tasks, leaving little room to step back and view the bigger picture. The concept of working ON your business, rather than getting bogged down working IN it, is a transformative mindset that promises not just growth, but a rekindling of the passion or zest for why you started your business to begin with. “I don’t have time for that,” you might think, or “Isn’t that just diverting from crucial daily tasks?” But what if I told you that finding time isn’t about searching—it’s about creating? And it’s not just beneficial; it’s non-negotiable for your business’s growth and your fulfillment.
Why Spend Time Working ON Your Business
Ready to talk about an uncommon mindset that I believe is a FUNdamental topic that every business owner must understand? That mindset is the distinction between working ON your business and working IN it. I want you to understand why you must make the distinction and why you must find a way to commit time to work ON your business, not just always in it. This distinction might seem subtle, but it can be the game-changer in how you approach your business and, ultimately, how successful you become. Share in the comments your thoughts on working ON your business versus working IN it. Do you make time to work ON your business currently? If not why? Do you see the value in working ON your business?