1 Simple Question Can Change You Into an Entrepreneur
I was at a networking event this morning for business transition planning. The statistics were shocking as to how few small business owners really think about transition planning, or more traditionally referred to as exit planning.
As the speaker referred to these statistics my recent post Entrepreneurs Build an Asset NOT Just a Job came into clear focus. The reason most small business owners don’t think about exit planning is because they see their business as a long-term job!
An entrepreneur or investor looks at a business in a completely different way. They see a business as an asset, not a job. They start by asking “how long do I have to invest or work on this business before I get a return on my investment? They start with the exit plan in mind!
This is a BIG shift in thinking. This shift in thinking also changes the way you build the business and ultimate increases the value of the business.
But why does asking such a simple question completely shift your thinking? Easy, the requirements change, which means the solutions you begin focusing your attention and resources change. Instead of just looking at “what do I need to do to make my salary this week or month?” You begin looking how to answer questions like, “who buys this kind of business and what would make it attractive to purchase?”
To me this is the real difference between a business owner with a job and an entrepreneur that is building an asset. It’s the kind of questions that they ask daily, weekly, monthly and annually!
So, what do you need to do to make the change? Ask better questions!
If you’re not sure what questions to ask I suggest you look at our Personal & Business Goal Assessment. In it are questions that will make you take a step back and really look deep within yourself. It is with reflection and soul searching that you will get clarity. Clarity on what you want from life and how you should use your business to get there.
So, what are you waiting for? I know it can be a little scary, but you have to get past that fear if you really want the success you say you want!
For those of you that have conquered that fear, share what you did to get past it. By sharing yourself, you will help others cross over to that place we all search for – SUCCESS!!!