Today I want to talk to you about fitness. Yeah ok, you are all thinking I though Sarah was the finance girl??
But I want to talk about a different kind of fitness.
I’ve run a few marathons in my life and you definitely have to have a level of fitness and training for that if you are going to make the whole 42km. You can’t just rock up to the start line on the day and hope for the best, it just won’t happen. At some point along the way to physical drain on your body's energy and fitness level will be depleted and you will have to stop.
If we want to stay fit physically, we take measures to ensure that we eat well, stay away from McDonald’s and fast food stores. We may do some exercise like running or going to the gym. Over time we reap the rewards of a healthy lifestyle. We are mentally and physically fit.
If we want to stay financially fit, we may be frugal with our money, invest it in the right areas and stick to a budget, not spending beyond our means. In time we will reap the rewards of a larger bank balance, reduced debt and more freedom to choice how we live.
But how healthy or fit is your business? If you get sick and unable to work, will you business continue on while you are not there? Are your staff well trained to cope and do you have best practice and procedures in place so they understand how to run the business in your absence?
As small and micro business owners, our businesses all to some degree rely on us to keep the wheels turning and the money coming in. Some days we just need to 'get the work done' in order to pay the bills.
But my point today is, look after your business and it will look after you. Just like you would your physical health, keep your business fit too. So my 3 tips today for business fitness are:
- Surround yourself with other like minded business owners who ‘get you’ and can give you help and advice. Like being in a mastermind / advisory group or local business networking group.
- Know your numbers and understand where your money is going. Be honest with your business income and don’t try to cheat the system.
- Train and develop yourself and or your staff (if you have them) to enhance yours and their skills in the areas of your business expertise and personal interest through professional development and coaching.
Steven Covey once stated when talking about leaders and managers:
Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.
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