{"id":44,"date":"2021-06-10T04:55:32","date_gmt":"2021-06-10T04:55:32","guid":{"rendered":"https:\/\/nicholasomiccioli.com\/?p=44"},"modified":"2021-08-01T05:09:00","modified_gmt":"2021-08-01T05:09:00","slug":"working-on-your-business-vs-working-in-your-business","status":"publish","type":"post","link":"https:\/\/nicholasomiccioli.com\/working-on-your-business-vs-working-in-your-business\/","title":{"rendered":"Working ON your Business Vs. Working IN your Business"},"content":{"rendered":"
\n

Michael E. Gerber, a business expert and author, once stated that “if your business depends upon you, you don\u2019t own a company \u2013 you have a job.”<\/span>\u00a0It’s also the most dangerous job because you work for a lunatic.<\/span><\/em><\/h3>\n<\/blockquote>\n

Many business owners feel overwhelmed when they open a new venture. They believe they have to do everything.<\/span>\u00a0They feel the need to do everything, even after years and months of business ownership.<\/span>\u00a0Worse, they don\u2019t have the time or energy to focus on future opportunities, plan strategies, or grow their business.<\/span>\u00a0They can’t do it when they are stuck in a cycle of work IN and ON their business.<\/span><\/p>\n

People who own businesses are often ‘doers’. They tend to get involved in a business because they love the work.<\/span>\u00a0However, they don’t trust others to do what they do.<\/span>\u00a0They are so engrossed in the minutiae of running the business that they don’t see the forest from the trees.<\/span><\/p>\n

Business owners must not only trust their employees to manage their business but also allow them to have the time and space to grow their business.<\/span>\u00a0They must also make time for personal growth, networking, education, and education in order to become more effective leaders and business owners.<\/span><\/p>\n

How can you break this cycle?<\/span>\u00a0How can you, as a business owner give yourself the time and space to grow your business beyond the daily grind of running it?<\/span>\u00a0It is all about setting boundaries and scheduling time that are specifically focused on creating strategies and planning the future.<\/span>\u00a0To succeed, you need to build a team.<\/span><\/p>\n

I have published several articles and steps in June to help you build a winning group.<\/span>\u00a0Building a team that works together requires several key elements.<\/span><\/p>\n

    \n
  1. Leadership is key<\/span><\/strong><\/li>\n
  2. Common Goals<\/span><\/strong><\/li>\n
  3. The Rules of the Game<\/span><\/strong><\/li>\n
  4. Clear Action Plans<\/span><\/strong><\/li>\n
  5. Support Risk taking<\/span><\/strong><\/li>\n
  6. 100% involvement\/inclusion<\/span><\/strong><\/li>\n<\/ol>\n
    \n

    Robert Kiyosaki is a business guru who once stated, “If your business or investment operation cannot function without you, then you are thinking too small.”<\/span>\u00a0Think team and systems .”<\/span><\/em><\/h3>\n<\/blockquote>\n

    Your team will continue to learn and develop their skills, allowing them to contribute external knowledge to the organization.<\/span><\/p>\n

    As an owner, you can begin to work on your business once you have a team that is responsible for the daily operations of the company.<\/span>\u00a0It can be very frustrating to try and hit all the targets on your own.<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n
    Work IN Your Business<\/span><\/strong><\/td>\nWork ON Your Business<\/span><\/strong><\/td>\n<\/tr>\n
    Making stuff<\/span><\/td>\nEducation and Personal Development<\/span><\/td>\n<\/tr>\n
    Delivering stuff<\/span><\/td>\nPlan<\/span><\/td>\n<\/tr>\n
    Administrative stuff<\/span><\/td>\nSet your goals<\/span><\/td>\n<\/tr>\n
    Invoice payment<\/span><\/td>\nFinancial forecasts and projections<\/span><\/td>\n<\/tr>\n
    Activities to hire<\/span><\/td>\nStrategic alliances<\/span><\/td>\n<\/tr>\n
    Conflict Resolution<\/span><\/td>\nAutomating processes and setting up systems<\/span><\/td>\n<\/tr>\n
    Handling calls<\/span><\/td>\nStrategic vision<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

    You must set aside time and schedule the time you need to work on your business.<\/span>\u00a0Set a schedule to accomplish the tasks that will help you grow your company.<\/span><\/p>\n

    This system allows you to find a balance and focus on the most important job of a business owner.<\/span><\/p>\n

      \n
    • Keep a schedule and be disciplined.<\/span><\/strong><\/li>\n
    • Even if you have perfect employees, it is likely that they will make good decisions 70% of the time.<\/span>\u00a0If your decisions are not perfect, your batting average will likely match theirs.<\/span>\u00a0So, what are you waiting for?<\/span><\/strong><\/li>\n
    • To challenge the status quo, and to expand your knowledge, you should seek out a mentor or coach.<\/span><\/strong><\/li>\n
    • Keep your eyes on the goal of your company and make sure that your actions are in line with it.<\/span><\/strong><\/li>\n
    • Be truthful with yourself. Measure your business’s performance using data and facts.<\/span>\u00a0Your gut feeling and intuition can only get you so far.<\/span>\u00a0It is important to use objective measures to evaluate performance and track progress.<\/span><\/strong><\/li>\n<\/ul>\n

      You must let go all control.<\/span>\u00a0Take into account that only 30% of businesses make it past the 10-year mark, while 66% make it to the 2-year mark.<\/span>\u00a0This is due to the fact that very few business owners invest the 20% required time in their businesses, which contributes to businesses falling (Gamechanger, 2019).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

      Michael E. Gerber, a business expert and author, once stated that “if your business depends upon you, you don\u2019t own a company \u2013 you have a job.”\u00a0It’s also the most dangerous job because you work for a lunatic. Many business owners feel overwhelmed when they open a new venture. They believe they have to do […]<\/p>\n","protected":false},"author":1,"featured_media":48,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/posts\/44"}],"collection":[{"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/comments?post=44"}],"version-history":[{"count":1,"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/posts\/44\/revisions"}],"predecessor-version":[{"id":52,"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/posts\/44\/revisions\/52"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/media\/48"}],"wp:attachment":[{"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/media?parent=44"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/categories?post=44"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nicholasomiccioli.com\/wp-json\/wp\/v2\/tags?post=44"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}