Do you feel like a slave to your business
Do you feel like a slave to your business?
Feeling like a slave to your business implies the loss of control; thinking that you need to be available to your customers 24/7 and that your team can't cope without you.
It can also imply a victim mentality - that this is just what it's like to be a business owner and that it's not something you can change. Maybe Covid had a huge impact on your business and you're playing catch up.
There are lots of reasons why you feel like a slave to your business. In other words, lots of excuses.
The OARBED behaviour model tells us we must act above the line; taking Ownership, Accountability and Responsibility for our actions and the choices we make. Feeling like a slave to your business is a choice.
So, what can you do to stop feeling this way?
How can you get back in control of your business
First, review and update your processes. If customers are contacting you at all hours, put in place a timeframe for responding, e.g. within 24 hour hours, and communicate this with your customers. If cashflow is an issue, review your payment terms and ensure they're being enforced.
Next, if you don't feel like you can trust your team to run your business without you, establish why this is.
Do they need more training and support?
Have you given them the opportunity to step up and take on more responsibility?
Do you need to take on more team members or outsource some tasks?
Whatever your reasons - or excuses - are for feeling like a slave to your business, now is the time to reflect on what it is you wanted your business to deliver to you.
Set goals for what you want your business and personal life to look like in 12 months.
Break these down into 90 day goals and actions to achieve those goals.
Take ownership, accountability and responsibility for regaining control of your business.
Consider the following questions
- Do you need to start going home on time every night?
- Do you need to stop accepting work from people who don’t respect your payment terms?
- Do you need to block out calendar time to respect your health and wellbeing?
- Do you need to implement 10 strategies to grow your cashflow?
- Do you need to train and empower your team to take on more responsibility?
- Do you need more time to plan?
No more excuses - it’s your business, you make the rules, choose not to be a slave!
"Success isn’t a result of spontaneous combustion. You must set yourself on fire."