A skilled business owner is focused on what’s important – if not every day or every week, at the very least they check in on what’s happening and needs to happen, every month. This check-in requires Focus .
While it’s easy to become inhaled by the day-to-day activities between staff, customers, inventory, service promises and marketing messages…. It’s also easy to look solely on that near horizon, put out the fires and continuously connect the dots, losing sight of the bigger horizon.
Successful businesses are driven by the bigger horizon focus. It’s the driver of strategy. And, it’s an important discipline that takes practice.
Entrepreneurial Focus requires the ability to maintain the birds’ eye view, constantly checking that action matches three crucial factors in your business: Vision , Strategy and Targets .
Vision: Where is your business going – what’s the destination? What will be happening (or not happening) when it is successful? At what are you aiming? What does the team understand as the ‘end-game’ of why they come to work every day? If you haven’t already articulated a vision statement to your team and customers, you should. A vision statement (ONE sentence only) drives the efforts and FOCUS of the whole team. And keeps the core leadership team on track.
In the millennial era of business teams, knowing where the company is going, and how each person will contribute to the greater success is crucial. In one simple sentence, skilled entrepreneurs can make their single most effective impact on the company’s forward momentum.
If you’re aiming at nothing, you’ll hit it with huge accuracy – and so will your business. Everyone in your business needs FOCUS. If you’ve ever had staff in your midst who ‘just don’t ‘get it’, and your business operates without a vision statement, then you know exactly what I mean.
If you don’t give clear direction, who will? Ask yourself these two crucial leadership questions if you don’t have a clearly stated vision statement: If not me then who? If not now then when? You need a razor-sharp vision statement to have Focus.
Strategy: The infamous ‘Strategic Plan’ leaves many business owners rolling their eyes, muttering something about having not enough time under their breath. The truly successful effective business owners are the exception. They understand the importance of the road map.
By now, most of us have experienced a bad piece of advice from an in-car GPS – that we follow somewhat blindly with deep trust. What the GPS is missing is the understanding of the context of your preferences for the journey. They usually get you to where you want to go eventually, but often in an inefficient, wasteful way (time, distance, traffic patterns etc – despite setting your preferences for the journey). They are helpful when traffic is moving along smoothly – just like your business – and typically become increasingly inefficient as unplanned things get in the way – just like your business. Journeys started with greatest plan – rarely ending with adaptability and focus on what’s important.
Think of your business in this way. Without all of the information laid out (the strategy), how can you determine to what you need apply resources, how much and when. Even more to the point, how can you engage the team (or attract them) if you’re unclear as to what contribution they will need to make (and the Return On Investment they will bring)? The strategy is the road map from which you FOCUS What, When and How. And you need one.
Targets and Goals: Whether daily, weekly, monthly, quarterly or annual – targets are an important part of business success. They are the milestones on which the team, your marketing and business results depend. They bring clarity and create important metrics, driving what gets measured and when. They provide Focus.
Everyone needs to be focused on results. Targets and Goals help to create the ability to measure performance. This is what drives accountability. It’s what rallies the team and drives FOCUS.
‘If you’re aiming at nothing, you’ll hit it with huge accuracy’ – remember? When there is an absence of clarity, there’s an absence of FOCUS. If you don’t set targets and spur on all efforts to meet or exceed them, who will?
The Focused entrepreneur will maintain the birds eye view, constantly checking that action matches strategy, vision and targets. We can help you sort through the intense pace of your business, gain crystal clear Focus, and launch your results to break through to your next level of success.