The Habits of Entrepreneurial Work

2005 | Dec 5 in Leadership

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!

The Habits of Entrepreneurial Work

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