Learn how to improve your business.
Truly great companies are thoughtful and focused on three things: people, process, and product. Business improvements begin with a willingness to analyze your operations and be honest with where they may be falling short.
You can start by asking yourself these questions:
DO YOU DELEGATE?
If you're running the daily operations or still doing the craft work that got you started, you aren't a true owner. You're a manager and odds are you started this business to free yourself from the daily grind. If you worry about stepping away from the business because it would fall apart without you, then delegation is one area of focus for improvement.
ARE YOU CONSTANTLY INNOVATING?
The needs and interests of your existing and potential customers change over time. These shifts can happen noticeably quickly or creep up on you incrementally. Running a successful company isn't about keeping up with the competition but nurturing an internal culture of innovation. The products and services you offer must continually satisfy changing customer preferences.
WHAT'S YOUR EXIT STRATEGY?
By escaping the 9-to-5 workplace, you wanted the freedom. But if you're still going to the office everyday and no plan beyond the next quarter or year, that's just another job with loads more responsibility. Creating an exit plan isn't about abandoning your hard work and relationships with your customers and partners. It's about designing the life you want.