Tim Fancher

This blog is dedicated to helping small business owners achieve greater success in their businesses and balance in their lives.

Saturday, October 3, 2009

Freedom, Independence and Fulfillment

To maintain freedom, independence and fulfillment, as your business grows, so must your leadership effectiveness and operating systems. You must stop micromanaging and start leading (macro managing). You must become more purposeful and proactive. Specifically, we suggest business owners and managers follow the following life-changing process:


1. Step one: learn to work on yourself by transitioning to a new way of thinking and behaving. Re-program yourself and your habits. Stop acting like an employee and start thinking like a CEO. Learn to work on your business, not in your business.
2. Step two: systematize your company by creating, documenting and continually improving all your key processes, procedures and policies. Trust the business system and personnel you put in place and remove yourself from the company’s daily details. Be more hands-off and more brains-on. Replace yourself with other people. Define and document the work to be done. Train others and delegate the work. This operating system is your foundation for freedom.
3. Step three: increase your leadership capabilities. Excel at leadership, not doer-ship. Your business needs a clear vision and strong leader to hold others accountable, not another employee doing technical work. Help build and direct your team.
4. Step four: develop clarity of direction for your business and employees by creating a simple business plan and an effective implementation process.
5. Step five: learn to effectively manage your people, your greatest asset.
6. Step six: instead of incremental growth, engage the leverage of marketing to achieve substantial, profitable growth.
7. Step seven: learn to let go, delegate, and truly enjoy business ownership, your relationships, and your life.

By working less in your business, you gain more time to work on your business and make those essential changes necessary to optimize your company and your life. You may well be skeptical. That’s normal. However, let me ask you “Are your current paths and strategies working”? If so, you wouldn’t be reading this article. If not, I invite you to acknowledge the problems in your business, take responsibility for them, and dare to try new approaches.

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