With Hallowe’en season upon us again, I thought I’d write about something a bit scary – the BHAG, or “Big, Hairy, Audacious Goal”, to give it its full name. The term BHAG was coined by Jim Collins and Jerry Porras in their 1994 book, Built to Last: Successful Habits of Visionary Companies. A great BHAG can build a strong team spirit, foster innovation and really stretch you and your team to perform at the highest levels, and achieve so much more than you ever imagined you could! Read the rest of this entry »
Just imagine if your business was like a Formula 1 Team – how successful do you think you would be? On race day, would you be the Team Manager, completely in control of the situation and calmly orchestrating events from the safety of the pit wall? Or would you be running around, doing every job to make sure it is done properly and getting in everybody else’s way? You may feel good because you are busy helping, but the end result is that the car goes out long after all the others, and with only 3 wheels on! Read the rest of this entry »
Running a successful SME is tough. There are so many jobs that need doing that it’s a wonder that we actually get anything done at all! One apt definition of a business owner is:
“Somebody who would rather work 16 hours a day for themselves than 8 hours a day for somebody else.”
However, just working hard does not mean you will be successful! Sadly, I have met many hard working people who never achieve their full potential, or whose businesses even go bust, including my own father. So what do you need to do to ensure that your hard work brings you the success you desire? Read the rest of this entry »
Why did you go into business for yourself? Perhaps you had a great idea for a new product or service that you wanted to develop. Maybe you longed for the freedom to be your own boss. You may have been unfortunate enough to be made redundant. Or were you in a badly run business and knew that you could do much better? Whatever the reason for starting your own business, your journey on from that starting point will be the same as the thousands of other people who have also taken the brave decision to become business owners. Read the rest of this entry »
Have you ever wondered why reaching the top is not all that you hoped it would be, when you were lower down the ladder? The biggest reason that managers and directors find life at the top so hard is that the skills that got them into that position can act against them when they are there. It’s not like a sport, where you just get better at one thing. Everything changes when you get to the top of your business, and you are actually playing a completely different game. Read the rest of this entry »
There is a myth that entrepreneurs are born that way, just like there is a myth that talented sports people are born with a superstar gene. When we watched Usain Bolt run, it was easy to say that he won because he was born with the attributes that make a world class sprinter. Well, the reality was very different. In fact, Usain’s training regime was incredibly tough, and although he possessed some useful physical attributes for a top class sprinter, it was his commitment and discipline at putting in the training that made him so special.
Read the rest of this entry »
The chances are, when you first started your business, you were very passionate about it. Everything was new and exciting, and at last you had a way for you to make your mark on the world, to do things your way, to set new standards, to bring something new to the market, to help more people – in short, you were in love with your business and the opportunities it promised for you. Read the rest of this entry »
Many business owners I meet have the same wish:
“ If only I had a few more hours each day to get things done!”
The reality is that there’s only ever going to be 24 hours in a day and frankly, if you are working for more than 50 hours per week, some part of your life is going to be suffering, whether it be your health, family, fitness or enjoyment Read the rest of this entry »
I came across a post on Facebook recently, setting out the “12 F***ing Rules for Success.” I don’t know who originally penned these rules, but I thought they were pretty much to the point, so I have paraphrased them below (without nearly all of the swearing!)
- Do the work. Don’t be lazy.
- Stop waiting. It’s time.
- Rely on yourself. The Universe doesn’t give a damn.
- Be practical. Success is not a theory.
- Be productive early. Don’t mess around all day.
- Don’t be a baby. Life’s hard. Get on with it.
- Don’t hang out with idiots.
- Don’t waste energy on stuff you can’t control.
- Stop bullshitting. It’s embarassing.
- Stop being a people-pleaser.
- Stop putting toxic stuff in your body. It’s stupid.
- Stop doing the same thing and hoping stuff will change.
Do any of these resonate with you? Well, now you know what to do!
I have just read an interesting article in the Financial Times on the topic of UK productivity. UK workers are significantly less productive that their counterparts in France, Germany and the US, and are less productive than they were in 2007, when the financial crisis hit. This lack of improvement in productivity will hamper the expansion of the UK economy. Read the rest of this entry »