Time Management has become the main reason for business owner failures

90% of businesses fail within 10 years.

Those 10% who succeed, more often than others, choose the pain of discipline over the pain of regret. Where are you?
Time management success for business owners & entrepreneurs is about wisdom & courage to say yes to the right things, and no to the wrong things. I see a majority of good and smart people succumb to the urgency of others (employees, prospects, customers, vendors, etc.). When you say ‘yes’ to others’ sense of urgency, you’re often saying ‘no’ to yourself and your needs and goals.

Saying ‘yes’ to the right things is the result of planning…and seeking others’ input on where the business owner’s strengths are to be leveraged. That plan addresses the operating model, assumptions relative to revenues, expenses;  and understanding what your true value proposition relative to your competition. This plan includes the strategies and tactics to deliver the results you need, and identifies other resources needed.

Once the strategic plan is in place, it is imperative that the owner have a time management plan that is a commitment to the areas & results where s/he will spend time in order to deliver.
It is the pain of discipline for owners to spend their time on the most important things;  conversely, it’s the pain of regret when owners say ‘no’ to that which is not important, but urgent. Do you grasp the impact of this concept?  Where do you stand?
A business owner customer is struggling with the time management discipline each day, and his team is observing it. This lack of discipline is speaking magnitudes about the ability for this owner’s business to deliver on its goals and vision.  This owner needs to choose the pain of discipline immediately, or he will feel the pain of regret very soon. That change will have profoundly positive implications.

 

According to the US Census only 1% of small businesses are billing > $1 million per year (26,744 of the total 22.5 million listed). Imagine what your life would look like if you were billing $1 million per year…or even per month!

Do you see the potential in yourself and your business?  Can you imagine your business being so successful that you can take two weeks off and the business not miss a beat?  Can you see selling or exiting the business to retire early? Are you living to work or are you working to live?

Leave a Comment

Your email address will not be published. Required fields are marked *