There are many good companies, but to make the leap from good to great, the company needs to discover the intersection of what they can be the best at, what drives their economic engine, and what drives their passion.
Passion is often a misunderstood virtue when it comes to business. Most businesses are a commodity which is hard to get passionate about. Passion for business, not the product or service, will give you the perseverance necessary to work through tough times.
Fear prevents action. Waiting for all the stars to align means you will never start. Taking small incremental steps toward a goal builds confidence. Mindset is important, but action trumps mindset.
Traditional land battles are carried out with three types of forces: Infantry, Calvary, and Artillery. Each force has strengths and weaknesses. Each military force can be equally applied to a type of business: Large Corporation, Small Business, and Startup. Success in a battle or business means pitting your strengths against the adversary’s weaknesses.
Hunters and Farmers in business represent a metaphor that describes the different types of small business owners. Most startups benefit from a hunter as the founder since the path of starting a business is very linear. More established businesses benefit from a farmer overseeing operations because their path forward is more cyclical. CEOs are first and foremost hunters, while Presidents are Farmers.
To make a better decision, business owners must go beyond stage-one thinking, look past the immediate or perceived outcome of their decision, and ask a series of “and then, what will happen?… questions to find the unseen consequences of their decision
There are 4 types of entrepreneurs, each requiring different advice to succeed. Following the advice for the wrong type can lead to catastrophic results. Learn which type of entrepreneur you are.
Related link:
https://stevebizblog.com/how-to-know-if-you-are-a-hunter-or-farmer-entrepreneur/
Throughout the day, everyone is in various states of busyness and is, therefore, more or less receptive to an interruption. By adopting a color code to describe how open a person is to interruptions makes it clear what conditions exist to accept an interruption.
Even individuals with a well-calibrated moral compass can have motivated blindness when facts and data conflict with self-interests.
Related link:
https://stevebizblog.com/the-truth-about-how-motivated-blindness-affects-business-decisions/
Bad leaders look out the window to blame others when things go wrong and the mirror to take credit when things go well. Good leaders do the opposite. When things go bad, they look in the mirror to see what they could have done better and out the window when things go well to see who to credit.
