Three Actions You Can Take Today that Will Grow Your Business Without Taking Time Away from HomeOct 04, 2023
You shouldn't have to sacrifice time with your family, your physical fitness, or a good night's sleep to grow your business. Entrepreneurship isn't for the faint of heart. It requires a resilient mindset, a well-thought-out plan, a robust team, and the ability to switch off when you're not in "CEO Mode."
So, how do you grow your business without sacrificing time and energy spent with your family? The answer lies in four key steps:
Plan: Craft Your Mission Statement and Vivid Vision
Before you can set out to achieve your business goals, you need a mission statement that actually drives action. Using Donald Miller's formula, your mission statement should be framed as "We will achieve [three economic goals] by [a certain date] because of [the vision or purpose behind it]." This creates a sense of urgency and serves as a rallying cry for your team.
Vivid Vision: Cameron Herold's Vivid Vision concept is about creating a detailed, vibrant, and clear vision of what your business will look like three years from now. This vision should be so vivid that anyone who reads it can see what you see. It serves as a roadmap for your team and stakeholders, guiding them toward a unified goal.
Action Step: Craft your mission statement using Donald Miller's formula and create your Vivid Vision for the next three years.
Systemize: Streamline Your Operations
The next step is to create Standard Operating Procedures (SOPs) and processes for every aspect of your business. This ensures that your business can run efficiently without you constantly having to intervene.
Action Step: Document all your processes and create SOPs for each one.
Delegate: Utilize the Six Working Geniuses
Identify your team's strengths using Pat Lencioni's Six Working Geniuses model. This will help you delegate tasks effectively, ensuring that everyone is working in their area of genius.
Action Step: Figure out your team's Six Working Geniuses and delegate roles and sub-roles based on that.
Optimize: Leverage Technology
Finally, use tools, systems, and AI to create efficiencies. This enables your business to grow even when you're not actively involved, allowing you to spend quality time with your family, work on your fitness, or even go on vacations.
Action Step: Implement tools and systems that automate repetitive tasks in your business.
By following these steps, you'll not only grow your business but also maintain a healthy work-life balance. If you're looking to take your business to the next level, I'm offering a free profit strategy call to help you increase profits without sacrificing time at home.