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 07, 2009. So far, 2 people have left their thoughts. Share your own thoughts.
Occam’s Razor says that given two possible answers to a problem, the simpler one is usually right. If we applied this ancient idea to business, we’d make a lot more money.
I find that business owners who succeed know how to sift through the Tyranny of the Urgent and focus on the Priority of the Important. To that end, it almost always seems that the Simple things are what make us successful, and the Complex things are what make us busy.
I make money doing the Simple things – connecting with people, returning a phone call, scheduling a paying event. I waste time doing the Complex things that seem hard to do, but in fact are usually easy for me – building a fancy spreadsheet, answering complex emails, researching something to death. All of these things make me impressed with myself, and others are impressed with me, too. But rarely do the Complex things make me money, they just make me busy.
The Complex things are where we look and feel product, the Simple things are where we actually are productive. The Simple things make us effective, the Complex things make us Efficient (efficiency without effectiveness is a waste of resources).
The irony is that the Simple things more often than not are hard to do, and the Complex things are easy to do.
The Complex things are where I hide. When faced with some simple thing that will make me money but I find hard to do, I look around for some Complex thing I can do that will waste my time but make me feel I’m being productive. Successful business owners know what the Simple things are that will push them forward, and they focus their time and attention there.
Managers deal with the Complex, leaders deal with the Simple. Lead your business – stay focused on those few simple things that will make you more money in less time.
Simple = Hard to do. We are effective and succeed here.
Complex = Easy to do. We are efficient and hide here.
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.
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Thoughts
Anthony
06/08/09
Great post.
I have been really simplifying my life recently after reading a lot of zen habits.
I love it because I concentrate on the big payoff stuff, that I prioritize for myself.
The little things are what make the difference and keeping it simple is always best.
Chuck
06/08/09
Anthony,
Great way to say it – “concentrate on the big payoff stuff”. It will help us all make more money in less time.