When you own your business it is your sandbox. You get to decide who plays in it and what happens inside. Just remember that these decisions also have consequences. As an advisor to my clients, my role is to get them to appreciate this fact. I’ve often watched people make decisions that I don’t agree with. Sometimes I am right and sometimes I am wrong about what happens next. My track record is usually pretty good but far from perfect. I just want to make sure that these decisions are somewhat informed and well thought out. I am fine with being pleasantly surprised by good results that I didn’t foresee or anticipate. I learn from these situations as well – never underestimate the resolve and creativity of a committed leader. Most importantly, I strive to ensure that these decisions are aligned with the outcomes the client is aspiring to achieve. Success can be defined in many different ways and unless there is a moral or ethical component, it is not my role to judge.
Month: April 2013
If I had to pick one thing that inhibits success the most amongst small business and nonprofit leaders I would say it is a lack of sustained focus. By the very nature of them being entrepreneurs, they tend to be very opportunistic. It is common for them to see a business opportunity around every corner. Their mindset is that every problem has a solution and the only obstacle to progress is a lack of effort. Unfortunately, this is only partially true. Yes, every problem does have a solution, but the effort needs to be put forth by the right people with the right plan. It is not merely a question of resources, attention and willingness to put forth effort. Great leaders and strong businesses focused on the wrong opportunities/problems typically only achieve mediocrity at best. At worst, this distracts their true potential for greatness by limiting their attention on what they should be doing in the first place and creates business vulnerabilities that should never have existed.
I feel fortunate to have made it this far in life. Not everyone gets to have this much time. As we age it becomes more obvious that time is finite. I wish you well on your own journey and that the time you have left is well spent.
More than 1,500 Vistage members surveyed in the Q1 2013 Vistage CEO Confidence Index reported an improved economy and brighter prospects for their own firms despite recent cutbacks in federal spending.
I have always been a fan of Sir Richard Branson. He has so much wisdom to share but more importantly his energy and passion for entrepreneurship and individual initiative is infectious. He is very inspiring. I encourage you to take the time to watch this interview and/or read one of his many books: