Stalled Growth. People Issues. Lack of Clarity. Easily Distracted. Unable to Scale.

In working with the owners of entrepreneurial firms we continue to see these issues and others keep owners awake at night and cause them to be frustrated during the day. These frustrations are a sign they are not getting what they want from their business and their life.

While there are many frustrations that keep owners awake at night, the following are the big five:

Profit:

For the risk you take in owning an business you simply are not making enough money.

People:

Managing the seemingly unending conflicts and personality clashes is exhausting.

Time:

It feels like there are never enough hours in the day to complete what needs to get done.

Stalled Growth:

Everything has hit a ceiling from sales, to being able to attract enough of the right people, to your own personal growth.

Nothing Is Working:

You and your team keep re-creating the wheel in terms of how to manage the business. You have a patchwork of goal setting, planning, and evaluation approaches that are unaligned and don’t work.

If you can relate to some or all of these common frustrations, don’t worry, you are not alone. But you don’t have to accept these frustrations as givens. We help owners and their leadership teams overcome these frustrations by becoming strong in the 6 components critical to success in running an entrepreneurial business.

Overcoming the Biggest Frustrations Entrepreneurs Face

Owners and leadership teams that strengthen each of the following 6 components of their business gain more control, joy and profit from their business, and feel much better about their life:

Vision:

Clarify that preferred picture you have for your company’s future and communicate it to your team so as you can get and keep everyone 100% on the same page.

People:

Get the right people who share your core values into the right seats that will allow them to make the greatest contribution to your business.

Data:

While there are many unknowns in running a business, there are many objective measures that allow you to proactively manage the business and give a predictive pulse on future results.

Issues:

Successful people and teams are great at identifying, discussing and solving their issues.

Process:

When everyone does the work their way, there are too many inefficiencies and inconsistencies. Instead document your way of doing business at a simplified, high-level and ensure it is followed by all.

Traction:

Create a healthy culture of discipline and accountability where everyone is crystal clear on their few priorities for the quarter.

So What?

Don’t accept the recurring frustrations of running an entrepreneurial business as unsolvable. Others have overcome these same frustrations and achieved the results they want.

Next Steps

Schedule a call at NavigateTheJourney.com to discuss how we help the owners and leadership teams of entrepreneurial businesses become strong in the six areas outlined above.

About The Author

Tom Barrett is a Professional EOS Implementer™ and the CEO of Navigate the Journey, a Nashville based firm that helps entrepreneurs get what they want from their business and life.

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