The Business Edge Blog

July 17, 2012

7 Keys to Success for Business Owners – Part 2 – From Vision to Action

From Vision to Action –  In the last issue I introduced you to the 7 Keys to Success that successful business owners focus on as they grow their businesses.  The 7 keys are:

Vision, Profit Plan, Marketing Plan, Organization Plan, Leadership, Cash Flow Forecast, and Presenting

The exercises in the last issue included drawing the diagrams to formulate the overall vision for your business so that you could describe it to someone.  More specifically, refining your vision to the point of defining details of your business 3 years from now including:

What are your offerings?
What does the organization look like?
What is your role in the organization?
What rewards are you enjoying?
Who are you working with?

My business coaching clients enjoy doing the exercises.  It’s fun to look into a crystal ball and dream BIG.  How did it feel for you to envision the growth of your business?

Now it’s time to define what it would take to get your business from where it is today to where you envision it could be.  Regardless of what your vision is, or what your business is, I guarantee that it takes ACTION, often different action from what you are doing today.  Albert Einstein said it well…..

Insanity: doing the same thing over and over again and expecting different results. Albert Einstein

I know you are busy.  I know you are working “IN” your business every day.  But it’s time to start working “ON” your business.  If you keep doing the same things over and over again, you can’t expect different results.

Look at each of the areas in your business vision that are different from where your business is today.  What ACTION do you need to take to move forward toward your vision?  Start a brainstorming list.  You’ll think of more things as you spend more time on this.  Often you can define big steps you need to take, but they can be daunting.  List the big steps, but then begin to list all the small steps that it will take to reach the big step.  Let me give you an example –

Let’s say your vision includes moving to a different location.  What are the big steps involved?  At a minimum you’d need to find the location and build it out to suit your needs.  Huge steps.  Start with the first one, find a location.  What steps do you need to take to get to that point?  Define your space needs?  Look at existing spaces or building sites?  Determine the cost?  Explore ways to pay for it?  Once you start breaking the big step down into smaller steps you can start to define the ACTION that you need to take to get from where you are to where you’d like to be.  One small step at a time.  If a step feels too big, break it down again into smaller ones.

What are the ACTIONS that you need to take in your business?  If you don’t start doing something differently, where will your business be 3 years from now?  In contrast, if you DO start taking ACTION, where could your business be even one year from now?

I look forward to hearing from you in the comments below.

Until next time – Remember to mind your business!

Holly Hanson
Licensed Professional Business Coach
The Business Edge
The Headlights and Guardrails for Your Business

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