Tyler Martin is a Certified Business Coach and Consultant who helps business owners grow and scale their business using proven systems.
Starting and building your own business isn’t easy. Being an entrepreneur will require you to overcome challenges and put out fires almost constantly.
Even Gary Vaynerchuk, the famous serial entrepreneur, investor and social media guru, has openly talked about the problem-solving challenges that entrepreneurs must face and overcome on a daily basis in order to be successful. And perhaps he said it best in the following quote, taken from a YouTube video where he talked about how entrepreneurs are actually better described as “business firefighters”: “If you don’t want the fires, be an employee — and enjoy yourself.”
But here’s the real question: Which challenges should be your number one priority to overcome? And very close to the heart of that question lies another: What challenges do you need to be focused on the most if you want to be incredibly, dynamically successful as a business owner and entrepreneur?
Well, today you’re going to learn about three essential keys to explosive business success that every entrepreneur needs to be hyper-focused on. I believe that businesses that ignore these crucial tenets are doomed to spin their wheels without gaining traction. And if you’ve been feeling stressed out about the lack of progress in your business, it’s highly probable that you’re suffering in one of these three key areas.
1. Develop A Conviction-Oriented Mindset
Let’s talk about “heart” for a minute. The heartbeat of your business lies within your passion to create value and solve customer problems. Yes, being a business owner means being a problem solver. But to grow a business that stands the test of time, you’re going to have to become intimately acquainted with your purpose and vision. You can’t be content to just create mediocre products and market them in traditional ways.
Many small businesses fail because they lack a proper business model. “Business plan problems” is also cited as one of the six primary reasons why small businesses often fail to succeed. In today’s business environment, you need to be edgier. You need to be a trailblazer, at the forefront of your industry.
You must harness true passion and conviction for what you’re doing. Linear-thinking entrepreneurs sometimes overlook this conviction because they can have a tendency to get lost in the day-to-day details. But conviction isn’t a detail that you can afford to compromise on. This speaks to the artistic expression of your business idea and the passion you have for bringing your vision to fruition.
You must have a firm conviction and belief that your solution is the best solution. And if you don’t believe that, it’s time to do whatever soul-searching work is necessary to figure out where you deviated from it to begin with.
2. Build An Operational Machine To Create Results
You’re about to hear something that you may not want to believe. As a business owner, you can’t do it all yourself.
These probably aren’t words that you want to hear since you’re a go-getter. You’re a solution creator. And to your credit, that’s why you’ve achieved so much success as a six-figure entrepreneur. But it’s also vital to understand that without operations and processes, your business is always going to bottleneck. You need to delegate.
But learning how to delegate isn’t always easy for business owners. Why? Because by their very nature, entrepreneurs are creative problem solvers who liked to do things on their own. However, it’s crucial to learn how to delegate so that you can lead your business to success without bogging yourself down.
Some entrepreneurs even hire business coaches to help them learn delegation and managerial skills. This can be a great investment, as it can help you to learn how to create processes and operations that’ll fix bottlenecks, allowing you to scale your business to those seven- and eight- figure milestones.
3. Make Everything Scalable
You’ve probably made it this far because your business idea is awesome and because you’ve created a fantastic solution to a problem. You probably saw a need, created a solution for that need and built a business based on supplying that solution. And guess what? Theoretically, that’s a winning formula.
But here’s the hard part. Unless you convert that formula into a scalable solution, your business will always struggle to push against the ceiling. Why? Because if it’s not scalable, you can’t replicate it for efficient growth.
Verne Harnish may have explained this the best in the following quote: “Letting go and trusting others to do things well is one of the more challenging aspects of being a leader of a growing organization.”
As an entrepreneur and business owner, it’s crucial for you to make every part of your business scalable with documented systems and processes. This is non-negotiable if you want to hit those seven- and eight- figure numbers.
You can’t do everything forever. And at some point, there’s going to come a time when you’re going to have to trust the systems and processes of your business to fill the increasing needs and demands of your growing business. And if you don’t work today to create scalable systems and processes to replicate your business’s solutions, it’s going to suffer.
Hopefully, this post has helped you to understand three of the most essential keys to explosive business success. All that’s left now is to get out there and deploy it.
There are many crucial aspects to consider when running a business. But if you make sure to develop your business in these three areas, I believe that you’re going to remove a lot of obstacles and create a lot of opportunities for massive success — regardless of where your business is currently at in its life span.