3% of all business owners make 84% of all private biz income. Why? They’re not covering for unknown weaknesseses.
3% of all business owners make 84% of all private biz income. Why? They’re not covering for unknown weaknesseses.
This article was published on June 12, 2009. So far, 4 people have left their thoughts. Share your own thoughts.
“We’re going to try to…”
Yoda – “Try not. Do, or do not. There is no try.” Intentionality is a huge key to getting where you want to go. When a business owner uses “try”, their escape route is clearly identified, and they have no intention of seeing things through, especially in the rough times. Great business owners don’t try, they do.
“This could have worked, but outside forces kept us from…”, or “But I don’t know how…”
“But” is the victomology word for business owners. It keeps us from figuring things out and pushing through to victory. Great business owners don’t use “but”. They make lemonade with every lemon they’re given.
We “tried”, but we *can’t*…
Vision is critical. If you don’t have clarity about where you’re going, you won’t believe you can get there. Great business owners are too busy getting where they’re going to give in to “can’t”. They’ll figure it out.
“Good enough.”
Great business owners don’t settle. What was the passion that brought you into business in the first place? Why would you allow circumstances to change your commitment to that passion?
Circumstances don’t make us who we are. Our responses do.
I have only one set of goals – my Lifetime Goals (things I can never check off as completed). I have no goals for my business, only objectives and waypoints. My business exists to serve me in getting to my Lifetime Goals, so each month, quarter, and year I set objectives and waypoints in my business to use my business to get there. This keeps me from having false victories by beating a quarterly or annual “goal” and or false defeats by not having achieved them. They are merely milestones or waypoints along the way to my Lifetime Goals.
Great business owners don’t get hung up on intermediary milestones – they are completely focused on getting to the end game, their only set of goals, the ones they can never check off – Lifetime Goals.
Conation – the will to succeed that manifests itself in single-minded pursuit of the goal.
Bad plans carried out violently many times yield good results. Do something. The #1 indicator of success in early stage businesses is not how great your plan is, or how smart you are, or how much research you’ve done. The #1 indicator of success is Speed of Execution. Later never comes.
Three things changes us when we do them:
Great business owners get an idea, move on it, and figure it out as they go, and they understand the value of going public with their intentions.
Everything we do in life, from taking a spouse to joining a bicycling club has the element of “community” in it, except for business ownership. Good luck with that one, you’re on your own.
There isn’t another place in society other than business ownership, where we have fully institutionalized the nonsense myth of the rugged individualist. A friend of mine did a study on leadership and found that the single biggest indicator of success or failure was whether the leader had people close to them who the leader gave the authority and permission to call them on their actions. John Wayne is dead. We should have buried the rugged individualist with him.
Great business owners have Outside Eyes on their business all the time.
Which of these words are you using to run your business? Here’s a way to remember them – “Try” to strike them from your vocabulary, “but” if you “can’t”, you can “settle” for only using a few and make a “goal” of getting rid of the rest “later”, when you’re “alone” and nobody’s watching.
You’re too busy making money; no business can survive that. Your business should give you both time and money. Not just money.
I started Crankset Group out of a desire to help small businesses in the Denver, Colorado area grow and mature. It continues to mature itself as we bring a lot of the tools and practices that I’ve created working one-on-one with business owners over the years online. Now these tools and resources are available to you.
Twitter is a great way to get ahold of me or interact with me.
I’d love to let you know what I’m up to from time-to-time.
Add Your Own
Thoughts
Anthony
06/21/09
Great list!
I will make sure to keep these out of my client speak.
I particularly dislike “can’t” and “settle.”
Can’t is a cop out, and settling doesn’t get anything worthwhile done.
Dwain
07/05/09
I’ve always been conscious of those terms, especially ‘settle’, but have never seen them in a list. Great job…I now have something else on my wall to remind me!
Luis
11/01/09
Good , but too frigid….
As a business owner there is no exact formula that can guaranteed success, we live in a world of gray instead black and white, and that’s why some words may not work for certain occasions and for other occasions you will get different results.
Chuck
11/02/09
Luis,
Good point – life and business is full of exceptions! I maybe should have said that these are words that should never be used as excuses for not being successful.