Starting a business is exciting and ambiguous – and that’s the fun. It’s a time of possibility, experimentation, imagination, and showing the world what you can do. But, it can also feel slow, frustrating, and full of traps and distractions, leaving potential entrepreneurs to question their self-worth and to wonder why they started in the first place. As a small business coach, I’ll help you cultivate an entrepreneur’s mindset, so you can start and grow your businesses with confidence and step boldly into the role of business owner. Subscribe to get access to weekly tips, small business interviews, and more.
🔄 Refine What You Do with Standard Work
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Hi Reader, As a small business owner, your time and energy are precious resources. One way to protect them and amp up your productivity is by creating Standard Work – clear, repeatable process for your most essential tasks. Think of Standard Work as the foundation of your operations. By documenting how you do something (like onboarding a client or processing an order), you set yourself up for consistent output. Once the process is in place, you can focus your mental energy on improving it over time, rather than remembering how to execute all the steps. Refinement over time is the key. Maybe you realize steps can be combined, tools upgraded, or tasks automated. Each tweak or adjustment saves you time, reducing errors, and freeing you up to tackle more complex challenges. Standard Work isn't about rigidly following a process; it's about building a strong foundation, on which you can create momentum. Until next time, Michael
Michael Schefman | 321 Liftoff Copyright © 2024 by 321 Liftoff LLC |
Michel Schefman, 321 Liftoff
Starting a business is exciting and ambiguous – and that’s the fun. It’s a time of possibility, experimentation, imagination, and showing the world what you can do. But, it can also feel slow, frustrating, and full of traps and distractions, leaving potential entrepreneurs to question their self-worth and to wonder why they started in the first place. As a small business coach, I’ll help you cultivate an entrepreneur’s mindset, so you can start and grow your businesses with confidence and step boldly into the role of business owner. Subscribe to get access to weekly tips, small business interviews, and more.
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Hi Reader, Michael Porter – the godfather of business strategy said: “the essence of strategy is choosing what not to do.” He’s saying that you need to do a few things really well and outsource the rest. You don’t want to overextend yourself. You need to stay focused. But, it’s deeper than that. He’s also talking about building a strategic, competitive advantage over other players in your field. What are those things that you’re known for – that only you can do? For example, if you make great...
Hi Reader, I recently re-listened to an episode of How I Built This with Guy Raz from last year. In this episode, Guy sits down with organizational psychologist, Adam Grant. This quote from Adam struck a chord: "The [entrepreneurs] who managed to have repeat success and bounce back—and forward—from failure are the ones who invest their egos in their future growth as opposed to their present comfort." It’s easy to protect your ego by retreating when you experience setbacks. But real growth...