Own your business like an #OWNER and watch Success become a Reality
Running a business is like conducting an orchestra – the #OWNER is the conductor who must bring together different elements and ensure that they work in harmony.
To lead a business successfully, the owner must have a clear vision, communicate effectively, and inspire and motivate employees to work towards a common goal.
The metaphor of conducting an orchestra is apt because just like a conductor, a business owner must have a deep understanding of their business, anticipate problems, and make timely decisions to keep things on track.
A conductor also has to manage different personalities and egos within the orchestra, just as a business owner must manage employees and stakeholders with different perspectives and needs.
According to the U.S. Bureau of Labor Statistics, only about 20% of small businesses survive past their first year, and only about half make it past five years.
However, research shows that businesses with strong leaders are more likely to succeed. In fact, a study by McKinsey found that companies with high-performing leadership teams are up to 5 times more likely to outperform their competitors.
As former General Electric CEO Jack Welch once said, “Good business leaders create a vision, articulate the vision, passionately own the vision, and relentlessly drive it to completion.”
Imagine a small business owner named Shanti who runs a bakery. Shanti had a passion for baking from a young age and had dreamed of opening her own bakery. She put in long hours to perfect her recipes, saved up money to rent a small storefront, and finally opened her doors.
At first, business was slow, and Shanti struggled to make ends meet. But she was determined to succeed, so she spent time learning about marketing, customer service, and finance. She also worked hard to build relationships with her customers and employees.
Over time, Shanti’s bakery became a hit in the community. People raved about her pastries and cakes, and her employees loved working for her. Shanti’s business grew, and she eventually expanded to a second location.
Today, Shanti is a successful business owner who is known for her delicious baked goods and her leadership skills.
Actions you may take as a business #OWNER:
#O – Oversee and direct the business
#W – Wise decision-maker
#N – Nurture customers/employees
#E – Ensure financial stability and growth
#R – Remain accountable for everything in your business
In short, own your business like an #OWNER, and watch Success become a Reality.
If you need any help in growing your business consistently, feel free to connect with me a free 30 in 60 call, wherein I will show you how you can add Rs. 30 lacs to your business in just 60 minutes. Don’t worry, I won’t sell you anything during the call.
Do you resonate with being the #OWNER of your business?