Running a business is hard work. It doesn’t matter if you’re just getting started with a clean sheet, are struggling to gain traction or you’ve cracked it and have a thriving business – you can’t afford to pin your hopes on ‘luck’.
If I could only
recommend one book to read to anyone starting or running a small business it
would be Michael Gerber’s The EMyth Revisited. It’s full of excellent and
straightforward advice and good common sense.
When you’re
enmeshed in the day-to-day running of a business, it’s easy to forget to look
at the big picture and your goals and aspirations for your business frequently
get lost.
All the management
gurus will tell you to have a vision of where you want to be in one year, three
years, five years, ten years, etc. If
you’ve been on a business course you’ve probably done some rough ideas of what
those visions look like, but it’s hard to look into the future and see things
clearly when you are doing an exercise for 20 minutes. I’m going to suggest something a bit more
practical.
Take some time away
from work and spend some of it dreaming and the rest turning those dreams into
a plan.
Why do you need to
be away from work? Two reasons –
firstly, you don’t want to be interrupted and secondly, you need to get into a
different head space. It’s difficult to
dream when you can see an overflowing inbox.
Your dream will
start by looking at what you’d like your life to be like this time next
year. What will need to happen in your
business to allow you to have that? This
might sound very personal, but if it’s your business your personal goals matter
as much as the business goals.
Write down what you
want to be, do and have. This goals strategy might be a useful tool.
Then repeat this
for a time further into the future – three or five years.
What is your end
goal for your business? Do you intend to
keep it until you retire? Then
what? Will you close it or sell it or
put in a manager and keep it? Let your
imagination fill in all the details until it feels real.
If you intend to
grow it to sell or to float on the stock market, what is your target date for
that? Let yourself dream about what that
will be like.
With these visions
clear, it will be much easier to work out how you achieved these outcomes.
Block out at least half a day
every three months
Treat this as though you’ve made a commitment to your most
important client – because you have – yourself!
Put it in your diary and don’t accept any appointments for
that time.
Choose your location carefully
You might have an office environment that allows you to go
somewhere and be undisturbed, but if not go somewhere else. I know people who go somewhere rural and gaze
at the landscape or simply walk and others who take themselves to a corner of
their favourite coffee shop. You might
have a local library or a hotel where you can tuck yourself into a corner – or
you may simply stay at home if everyone else is out at work or school. I know people who literally go away and stay
in a hotel for a day or two to work on their business goals.
Equip yourself before you settle in
For the dreaming part you won’t need much except your
imagination – and maybe your favourite tea or coffee.
For the planning part you’ll need either a laptop or lots of
scrap paper and coloured markers.
For each big goal, create a to do list with actions,
responsibilities and deadlines. You’re
building your business’s operating plan for the future.
Why do this every three months?
Every plan needs to be reviewed. Circumstances change and people come and go. Opportunities arise you hadn’t foreseen, legislation changes and the world evolves. You need to ensure your goals are still going where you want them to.
You change too – your aspirations for the future may need to be reassessed and accommodated.