What Jack said.

Recently, I’ve been having an ongoing discussion with a business owner who is finding cracks in their business.

A lot of what we’ve been talking about is foundational.

Not because the business owner isn’t smart, but because it makes no sense to talk about the complexities of a bottom of the ninth inning squeeze bunt if you’re struggling to get to first base.

A few of those foundational thoughts:

  • Every business owner is good at something. Likewise, every business owner is bad at something. Be sure to delegate the latter, focusing on your strengths.
  • from former General Electric CEO Jack Welch – “Pick a general direction and then implement like hell.”
  • Take a look at the fat part of the bell curve of your market. How is your business serving that market right now? Honestly.
  • From 2002-2007, a rapidly expanding economy allowed businesses to rest on their laurels or “Just show up”. In 2008, we paid dearly for our sloth (and a few other things). For many, 2009 was like a long night spent hugging the porcelain. 2010-2019 are in no mood for “just showing up”. So don’t just show up. What Jack said (above).
  • My dad told me forever (and repeatedly), “Be a good listener”, a lesson that took a long time for me to fully understand. Tom Peters talks about how doctors listen for an average of 18 seconds before interrupting the patient. Don’t be a doctor, at least in that respect. Listen.
  • Call 2 customers a day and ask them what you could do to make your business more valuable to them.
  • A last minute comment from today’s GapingVoid cartoon, where Hugh nails it with this: “If you want to be more successful, you have to take a leadership position on something that matters.”

Finally, none of this matters without execution. Get off your duff and make something happen. Like Jack said.

2 thoughts on “What Jack said.”

  1. Every business owner is good at something. Likewise, every business owner is bad at something. Be sure to delegate the latter, focusing on your strengths.

    I totally agree with this line, don’t be discouraged if you are weak something because there’s always an option to outsource or to let somebody else do it. This way you can always focus on what you do best and get something done with your business.

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