Articles

Assessments

Books & Publications

Free Stuff

Past E-Newsletter Articles

View Our E-Newsletter Archive

Recommended Reading

The FAQs

Newsletter To subscribe, enter your e-mail address:

June 2004 Are You A Strategic Or Tactical Business Owner?

I am on a crusade to re-educate and re-focus business owners/managers to lead more, work less, and enjoy greater freedom, financial success and happiness. In short, trying to get owners and managers to think and act strategically and effectively.

Too many owners/managers are gifted technicians but not very effective as strategic leaders. If you are not leading in your business, who is? If you are not being strategic, who is? If you are not proactive, who is? To find out if you are you a strategic business owner, ask yourself the following questions:

• Do I see the big picture and have a long-term view?
• Do I think more like a CEO than an employee?
• Do I create a yearly business plan?
• Is my leadership purposeful, proactive, and planning-based?
• Do I constantly think about the direction and objectives of the business?
• Do I focus on the entire business and not just the technical work of my business?
• Have I created plans, procedures and policies to help operate your company?
• Have I developed and documented all our key business processes?
• Do I utilize the leverage of marketing to grow my business?
• Do I spend more time on important matters rather than trivial/urgent matters?
• Have I created a systems-dependent business instead of an owner-dependent business?
• Do I conduct one-on-one monthly coaching sessions with my managers and/or key employees?
• Do I avoid getting buried in the day-to-day details and headaches of the business?
• Have I shaped my business more by design than by default?

If you answered “no” to most of these questions, you are operating as a tactical, reactive business owner. You could benefit greatly from becoming a strategic business owner (SBO). In short, a strategic business owner gets the highest and best return possible for his time, money and effort. He/she focuses on working smarter, not harder.

Interested in transforming your mindset and behavior to be more strategic? Give us a call at (818) 716-8826 or email us today.