2 minute read
What business growth looks like
Action List
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1. Start a new habbit 2. Create a list of tasks 3. Which will make profit 4. Put 1-6 on your list 5. Stay focused 6. Grow by 1%
As a business looks to grow, it’s important to ensure it’s investing time on the right things. Phil Nassau of Action Coach Leicester shares his advice on how to stay on target
It’s easy to think of being busy as a marker of business growth; what you’re busy on is the key factor. Something I discovered early in my business life is that busy work is an enemy of financial success. I discovered a new approach that has helped me, and has become a habit I stick to at the beginning of the week and each work day.
I look at my day and the list of things I want to do with it. I ask myself, “which of these tasks will create income and which won’t?” Then I choose no more than six items that will generate income and add them to that day’s to-do list. By restricting how many things receive my focus, it helps me not to react to distractions throughout the day.
So why does this matter? Because growth doesn’t come from one big change – it comes from lots of small ones.
Early on when I meet with clients, I ask them what being one per cent better than the previous week would look like. In revenue terms, if each week was one per cent better than the previous one, you’d gain somewhere around 40% growth each year – not bad. What does this look like on a day-to-day basis?
If you want growth, you need a plan of what you are going to achieve throughout the year and break this down by month. These monthly goals are used to inform your daily task lists, and this strategy is what will drive growth.
If you do this every day, it may be a challenge for the first week, but you’ll find it gets easier in the second, and by the third, it’s becoming a habit. When you do something enough times, it starts to feel natural.
Now, I’m sure you’re thinking: ‘I’ve made lists before and it didn’t work’, but ask yourself this: What would most improve your overall success in your life and career? My answer is always the same: focus on what’s important to your personal growth and the growth of the business. Don’t clutter your list!
What I’ve described is a routine, designed to enable you to work towards your goals and on the tasks that create income and personal happiness.
You’ll have to practice this – for myself, it requires devoting an amount of time to a task, no matter what. It does not rely on enthusiasm or feeling like doing it – I just do it.
It’s a way of keeping focus on your growth. Design a routine and then follow it every day – it works! You will be surprised by how quickly you become one per cent better than the week before, and by how much sooner your dreams and goals become reality.