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Learn from the Masters

June 22, 2011 by Anne Bachrach Leave a Comment

By emulating the actions that drive success used by other successful business owners and entrepreneurs, you’ll save yourself a lot of headaches and growing pains.  Below are the top four effective actions of successful business owners and entrepreneurs.

  • Stop procrastinating!  Successful people wouldn’t dare procrastinate because they know that their success is riding on their ability to grow their business.  Discipline yourself to work on a daily schedule and stick to it.  Focus on income driving and client building actions during the day and leave personal actions to after hours and weekends.
  • Become a master marketer!  Successful people are aware of the fact that clients are the reason why they’re still in business.  They take the time to allocate funds and time to effective marketing plans.  This is not something you have to know how to do – just hire the right person with a proven track record of delivering results.
  • Delegate, Delegate, Delegate!  Chances are you became an entrepreneur because you like being in charge, but you have to learn to give up control of certain tasks.  Successful business owners value the art of delegation and know that it is a vital part in expanding the reach of their business.  Hire an assistant to take on the tasks that don’t lead to directly putting money in your pocket.  And yes, you can even delegate grocery shopping, running various errands, and cooking to an assistant.
  • Successful entrepreneurs spend money to make money!  Successful business owners know that in almost every profitable situation, you need to spend some money to earn more.  They don’t think twice about paying for the billboard ad or hiring an assistant to place cold calls, because they understand the results that money will bring.  Businesses need ongoing investments to expand.

Filed Under: Blog Post, Choices, Effective and Efficient Behavior, High Pay-off Activities Tagged With: Accountability, accountability coach, accountability training, achieve goals, client acquisition, communication for small business, increase sales, no excuses, personal development, practice management, practice management for advisors, results, revenue generation, support team coaching, training, work life balance, work life balance coach

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I’ve sometimes thought of myself as not coachable – fits & starts on progress – but when I looked at where I’ve come, I can tell it works. This year, I’ve experienced over 50% growth – and with that growth came some confidence… confidence to finally go after what I know I should have done – we’ve added a flat-fee-only option to our offerings, and that’s ALL I’ll be targeting for 2014 and beyond. With that under our belts, I can foresee another 50% growth year for each of the next 2 years!

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Mind over matter, right? Sometimes, that’s easier said than done. When we’re faced with a laundry list of to-dos and with not enough time in the day, it can be easier to distract ourselves and push things off to the next day. And when more items get added to our list, it becomes overwhelming, and we continue to procrastinate even more. A vicious cycle, but one that can be overcome. That’s the good news!

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