The Habits of Entrepreneurial Work
| Written by: Michael Lloyd |
| Position: , E-Myth Worldwide |
| Article: Permalink |
| Category: Leadership |
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| Published on: December 5, 2005 |
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| Trackbacks: (97) |
| Comments: (8) |
Many business owners are not very skilled at thinking and acting like an entrepreneur. Your Primary Aim, the words you use to describe the essence of your life, and your Strategic Objective, your vision for your ideal business, may be your first experience setting priorities and identifying what is really important to you. Once you have them articulated, it's time to practice strategic thinking so that you can build your business and your life intentionally and in accordance with the goals and objectives you've set for yourself. (For more information about your Primary Aim and your Strategic Objective, read Chapters 12 and 13 of The E-Myth Revisited.)
Most business owners spend far too much time working IN their business, doing what we call Technician-type work that could be done by any employee with the necessary skills. The E-Myth Point of View says you need to go to work ON your business. (See Chapters 1 and 2 of The E-Myth Revisited for more about the Technician and the Entrepreneur). Doing more Technician or "hands-on" work will not help you move your business closer to your Strategic Objective. Only when you work ON your business (strategic work) will you change the way the business performs. So it's important to make time for strategic work. If the business owner uses time management tools to do nothing but more Technician work, they'll turn this tool into a shiny new fire hose. Putting out the fires is not your objective! Your objective is to trim back the undergrowth and build some new fire-resistant structures so the fire doesn't start in the first place.
Here are some ways to keep you focused on the strategic work. Business owners who achieve the results they want will develop similar habits and attitudes. Two of the most important attitudes you need to develop are:
- Strategic work is the most important work you can do. Make it an absolute priority every day no matter what else happens.
- You need to make decisions and then take action on those decisions, even though you don't have all of the information about the situation. In other words, cultivate a willingness to step into the unknown.
Many, if not most of our clients, come to E-Myth lacking in one or both of those attitudes. To effect change, you need to develop the following habits:
- First and most importantly, spend at least ONE HOUR A DAY devoted to strategic work. Strategic work is any work related to planning, tracking, or managing the operation of the business. You need to make this a daily practice and it must take priority over everything else. If you develop this habit, you'll begin to change the way you see their business. If you don't, you probably won't change, or it will take a lot longer to make the shift.
- Try doing something different at least once a week. Whether it's a new way of training employees, a new way of interacting with customers, a new way of producing the product or service, a new way of answering the phone, or even something as simple as a new way of dealing with incoming mail, trying something new helps you exercise your entrepreneurial "muscles." You need to take a stab at it even if you don't have all of the answers or aren't sure how it will work. It does not have to be perfect. Waiting for perfection is just an excuse to not try anything new! Just try it, and observe it closely to see what works and what doesn't work. You can make adjustments as you go based on what you learn.
- As soon as possible, start looking for ways to delegate technical work to others. Make a list of what kind of technical work you want to delegate, decide which position (not person!) is most appropriate to delegate to, and create a timeline and a plan to hand it over.
- Take away employees', customers', and family's permission to interrupt whenever they feel like it. Few strategies will have a greater impact on your productivity! Have employees get in the habit of prioritizing their "crisis" and develop a proposed solution to the issue before they come to you. Only events that require immediate attention are worth an interruption. If the situation does not require immediate attention, the employees must find another way of communicating with you. E-mail, voicemail, adding it to the agenda of the next scheduled meeting, or putting it in a report are all preferable to interrupting you. Make someone else in the business the point of contact for your customers. Change your cell phone number and don't give the new one to your customers. Instruct your employees not to give out the new number to ANYONE. Instruct your family to limit calls to you during the workday. Let your voicemail pick up the calls that do come in. You can listen to your messages and return them in batches a couple of times a day, instead of dealing with every perceived "crisis" in the moment.
- Once a week, review your Strategic Objective and create a plan to do some work to generate observable, quantifiable progress toward that Strategic Objective.
Making these habits a daily practice takes time and effort, but they will have significant benefits for you and your business. These habits allow you the space you need to think about how to do business differently. And doing business differently than you've been doing it is absolutely essential to you getting what you want from your business and from your life!
*Edited at 09:10:11 AM on Dec 19 2005
Comments:
Cheri May 8, 2008 12:39:40 PM
Chris February 3, 2008 04:38:51 PM
- I absolutely agree with everything except changing the cell phone number. I'll just put it on silent. Customers, and I'm thinking about one in particular, love the fact that I answer when ever they call. But they pay the bills so I feel obligated to. However you are right - taking away permission to interrupt whenever it suits them is the first habit I am going to put in place.
Chris
Hasan
May 19, 2006 02:37:25 PM
Thank you for your question. If your feeling stuck in this important first step you might consider signing up for the Embark E-Learning Leadership Course. This course covers Your Primary Aim, Your Strategic Objective, and Key Strategic Indicators. The course includes animated chapter introductions, rich content, worksheets, guided tutorials by an e-myth coach, and completed samples. Overall it is a great value and will help you get moving.
To learn more visit: www.e-myth.com/e-learning
Please let me know if you have any further questions or comments.
Michael May 19, 2006 09:20:39 AM
But that seems to be my hold up. In fact I've been paralysed for about 9 months - too scared to take the entrepreneurial plunge for fear I'll wind up working another 20years for someone elses dream.
The information in the emyth revisited doesn't seem to be enough to get me started. There should be a process to get people started! Don't you think?
Is there a worksheet or a process to help develop the primary aim and strategic objective?
Hasan
January 4, 2006 08:59:58 AM
Hello Carlos,
Thank you for a great comment. as you are getting this business off the ground it will be very important that you take the time each day, we suggest one hour to begin with, to work on your business. When the business is in the infancy stage the place you might want to start is Your Marketing Strategy. Think about and document who the most probable customer for your particular business is, what do they look like, where do they live or work, and what do they need from a cleaning service? After that you can work on your Products Strategy to align the products and services you offer with the need of the market segment you are serving. This is strategic work, and it will take concentration and diligence but the rewards will be a business that works.
Thank you for posting and let all of us know how we can assist during this critical stage of your entrepreneurial venture.
Adam November 29, 2006 05:20:21 AM
Product/Service enhancements are things you offer that create more of a desire for others to buy: guarantees, service contracts, community or ecological benefits, etc...
Does that help?
Carlos January 3, 2006 09:00:06 PM
Carlos Castro
Carlos January 3, 2006 08:59:27 PM
Great article, thank you
Carlos Castro
SEGUN November 27, 2006 11:23:27 AM
professionalism without adequate result producingmanouvres is an exercise in futility.Thanks
DR.OWOLABI
Hasan
November 22, 2006 09:00:51 AM
I would be really interested in hearing about what different business owners have planned for lead generation during the holiday shopping season.
Hasan
November 15, 2006 04:38:58 PM
Jayne November 13, 2006 11:58:27 AM
At the top of your screen, you'll see two icons you can click on -- E-Learning Home, and Essentials Home. I would recommend that you check out these two affordable ways to learn about the E-Myth point of view and how it relates to sales and marketing. Essentials helps you assess your business and your skills objectively, and produces a report that will suggest strategies and resources targeted to your particular needs. The e-learning product, Embark, includes Marketing, Client Fulfillment, Lead Conversion, and Lead Generation courses to give you a solid foundation in the areas you said you urgently need help with. Good luck, and keep us posted!
Digby November 12, 2006 06:57:01 PM
George November 10, 2006 01:41:17 AM
George.
maka-naka@hotmail.com
Nate November 9, 2006 10:21:33 PM
Esi December 13, 2005 04:31:55 PM
~Esi Fassi




















