Top 7 Flaws of Small Business Owners
Coach Andrea’s Intro
This week’s Tip does not only apply to Small Business Owners. No matter what your level is in the working world, you could benefit by awareness to how these 7 flaws could be impacting you and the solutions to overcome them. I know I’ve suffered from each of these traits from time to time.
Quote of the Week
“Aim for success, not perfection. Never give up your right to be wrong, because then you will lose the ability to learn new things and move forward with your life.”
~ Dr. David M. Burns
Top 7 Flaws of Small Business Owners
by Brian Gladu,
Small business owners often share personality traits, like confidence and determination, and we operate under similar circumstances, like limited time and high stress. These commonalities lead us to also share a set of behavioral defects that hold us back and limit our success. What’s more, over time these behavioral defects become habits that we are often blind to. Listed below are the 7 most common flaws of the small business owner. See if you recognize any of these weaknesses in yourself.
1. Working “in the business” Rather Than “on it”
We tend to spend our time working for customers or doing maintenance work while the big picture and long term plans are neglected. Our time is spent reacting rather than being proactive.
SOLUTION: Schedule time for progress and treat it as sacred. Forward progress only happens when you make it an unshakable priority.
2. Failure to Delegate
Closely tied to our Superman Complex, we are prone to do things we shouldn’t be doing because we feel it’s too much of a hassle to delegate or we think we can do a better job than anyone else. The business owner’s time is a limited resource that should be carefully spent but it is often frittered away on low level tasks that anyone else could do just as well.
SOLUTION: Force yourself to delegate. Maintain awareness of what you are working on.
3. Pattern Persistence
We are so busy we tend to stick with existing solutions and ways of doing things out of habit and simply because we don’t have enough time to stop, reflect, research, and implement better ways of doing things.
SOLUTION: Schedule time to rethink existing processes. Keep a journal of problems as they occur so you can reflect on them later.
4. Burnout-Mania Cycle
We come to rely on “elbow grease” and “burning the midnight oil” as the de facto approach to moving things forward. Unfortunately, the brute force approach to progress can only go on for so long before we become burned out. This leads to periods of extremely high activity followed by periods of low motivation and avoidance.
SOLUTION: Take time off and relax before you want to. By the time you want a break from work, the damage has been done and you’ve already lost motivation.
We have high standards for what we will attach our name to or associate our company with. We take pride in our work and have a hard time saying, “Good enough.” As a result, we slow our progress as we continually edit details that few others would notice.
SOLUTION: Become obsessed with the idea of making things happen rather than making things perfect. It’s not necessary to lower your standards but putting your focus on the act of delivering will keep you moving rather than spinning your wheels on details.
6. Superman Complex
Caused by our confidence and the necessity to function as the jack-of-all-trades in the early days of our business, the Superman Complex is typified by the belief that you can do anything. While not necessarily a bad thing, it often leads to us taking on projects we shouldn’t.
SOLUTION: Know your weaknesses, your limits, and remain humble. Make a list of things to “stop doing” to remind you when to say “no.”
7. Creative Impulsiveness
Our work is dictated by inspiration. We are inspired by our latest idea and our time and energy is directed there leaving countless worthwhile projects half-finished on the backburner.
SOLUTION: Keep a list of projects that you continually prioritize. Make a rule that you will only work on the top one or two projects at a time.
Brian Gladu, Owner, LongerDays.com, http://www.longerdays.com
Coaching Call To Action
Where are you holding yourself back by your behavior? What new habit will you create to overcome this behavior?
Thursday, September 23, 2010 – 9 am to noon ET
Pounce on a Project
Welcome back from the summer break! I hope you all took some time to recharge. What project would you like to get on top of and accomplish this month? Come to Pounce on a Project VI – - 2010.
Join Coach Andrea on Thursday, September 23rd from 9:00 a.m. to 12:15 p.m. Eastern. We will join as a group by phone and declare what you want to accomplish: preparing a marketing plan for Q4, starting the talk you have to give in two weeks, getting your new website finished, or getting rid of the piles of completed projects that grew over the summer.
During the morning, the group will gather by phone a few times to check progress and get any support needed to finish with a bang. At noon, the group will celebrate their accomplishments. Who says projects have to be boring and tedious? Bring your lightness and fun and join us for the energization.
To sign up or learn more, call or e-mail me by noon on Wednesday, September 23rd. Feel free to share this with friends and co-workers, the more the merrier. (Cost of the program is only the cost of long distance phone calls.)
Thursday, September 23, 2010 – 6:30 – 8:30 pm ET
Being Resourceful at The New England Chapter of ACRP
If you are like most people, you already have more than enough resources (people, places, and things) in your life that can be used for support or help when needed. But, are you using them effectively to increase your productivity and to develop your career?
Join me at The New England Chapter of the Association of Clinical Research Professionals
as I provide tools to show you how to: identify your resources, use your resources to the fullest, and handle resource “roadblocks”. Capitalize on your resources to achieve the results that are most important to you .at Jasper White’s Summer Shack in Cambridge from 6:30 to 8:30 PM.To reserve your place, contact Patricia Seymour (email@example.com).
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