I was attending a local networking event today. The presenter was a local serial-entrepreneur that shared his most recent success story and his philosophy on what he felt was important to entrepreneurial success.
Everything he said was right on point and what I have experienced myself over the years. One thing that really jumped out at me was his adamant return to answering the question of why you are doing what you are doing!
I couldn’t agree more. While most all people have their eye on the prize in the beginning and understand their WHY, I find the longer you’re in a business the more you lose focus of you WHY.
I have written often of the power of passion in business. Read those articles to get a better idea of my philosophy on the subject. But, this presentation validated what I’ve said for 2 decades. If you don’t understand WHY you are doing what you’re doing you’ll wander aimlessly.
Do you remember WHY you started your business in the first place? If so, share your story below so others with a similar WHY can see they’re not alone.
An even harder question for many to answer is, will the path your business is on right now get you there in 3 – 5 years or less? If not, you may be setting yourself up for failure and not even realize it.
Too many of my clients have found themselves on this path. Guess what, it takes them 3 – 5 years to make the shift, so why not start down the right path in the beginning?
This is why many of our tools and resources for startups are focused on doing the right things from day 1! If we get them headed down the right path in the beginning they will have success sooner rather than later.
OK, so how do you determine where you’re at – reflection! If you have a hard time getting this process going or don’t even know where to start I would recommend our Personal & Business Goal Assessment. The purpose of this tool is to help you remember what drove you in the beginning so that you can refocus you fire again.
So do you remember your WHY?!! It’s still early in the year. Don’t think that it’s too late to get focused. It’s better to start sooner rather than later.
About Dino Eliadis
I started my business out of necessity. After suffering the 5th layoff of my career, I decided to no longer put the fate of my livelihood in the hands of someone else. I took a skill I had developed (or craft, if you will) over the course of 20 years, did my diligence in the market (discretionary income spend but little to no competition), and launched. Main mistakes leaned the hard way have been underestimating startup cost (by 50%) and choosing a few bad ad mediums with no return on investment. Not getting rich but I’ve also been profitable since year one.
I couldn’t ask others to comment if I wasn’t willing to comment myself:
“To help other which gives me a level of self-satisfaction and joy.”