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How to Work On Your Business Instead of In Your Business

2 Frugal Dudes June 16, 2020 79

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    How to Work On Your Business Instead of In Your Business
    2 Frugal Dudes

Episode 186: Learn how to be a boss rather than an employee as an entrepreneur. We’re talking about how to take a high-level approach to your business without getting caught in the day-to-day work with Terry Ogburn of Ogburn’s Business Solutions. Tune in for a free consulting session!

Working on Your Business vs. Working in Your Business

What’s the difference between working on your business and working in your business?

Every business starts with a vision. It’s an idea about an opportunity that begins to take form.

Then comes the detailed planning. Things like procuring office supplies and putting a financial plan in place. In essence, you become a manager.

Then comes the technical side of your work: the skills and execution.

For many entrepreneurs, the technical side becomes a comfort zone. It becomes challenging to delegate without stifling their creativity or micromanaging.

When you work on the business, you set standard operating procedures, job descriptions, and high-level tasks that make delegation possible. It means looking ahead and reverse engineering your goals to get outside the one-person show and grow. You execute, analyze, and adjust.

Maximizing Your Business During the Pandemic

The pandemic has caused a lot of challenges for many businesses. However, there are also vast opportunities that can take your business to the next level. From acquiring new assets at a low rate to providing solutions to help customers recover, there’s always an opportunity to succeed.

Look at your competition and see who is going out of business and selling their supplies. Look at your customers and see how you can be proactive during these changing times.

Be the person that steps up and fix something that’s wrong. Consumers are looking for innovators and leaders in this situation. Be proactive, mobilize, and capitalize.

How to Push Ahead as an Entrepreneur

Take an objective approach to everything you see and hear as an entrepreneur. Find ways to evolve and adapt to changing times.

To do this, you’ll need to take a step back and look at your business as a whole. Find the workaround and find wiggle room within protocols to change your offerings and adapt to the market.

Creativity and discipline will be your two greatest assets as an entrepreneur, regardless of what situation you find yourself in.

Four Keys to Success when Working on Your Business

  1. You have to be committed. Burn the boats and don’t look back.
  2. Be totally determined in everything you do. If there’s something you want, you need to take the approach that nothing can stop you from getting across the finish line.
  3. Put disciplines in your life that allow your dreams to come true. Procrastinate on the things that don’t lead to your goals.
  4. Visualize your success. Visualization is a powerful mental tool. Think about what your business will look like in the future, then visualize the path to get there.

Show Links & Related Episodes


Disclaimer: Kevin and Sean are not professional financial advisors. Do not take any advice they give without first speaking with a professional and performing your own due diligence. This post may include affiliate links.

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