This is a simple yet effective way to create a cycle that will produce repeatable and positive results
Perhaps one of the most beneficial things that a small business owner can do for themselves is to set themselves up for success as quick as possible. And one very effective way to do that is to create a cycle of success that provides positive, repeatable results, yet also allows you to stretch yourself to new heights.
When you are creating a cycle of success, you want to keep a few things in mind. One is to make sure that it keeps you focused both on actions as well as the end results. Another is that it should allow you to have creative freedom yet still hold you accountable. And lastly, it needs to be a repeatable sequence that allows you to change direction at any time, as well as continue to reach new levels of success over and over again for a long period of time.
So, for the small business owners, these are the six steps to create the best success cycle for repeatable, positive results:
Know what you want
Most business owners don’t want to fail, they don’t want annoying customers, they don’t want employees who are unproductive. But that doesn’t help you to accomplish your most important goals. So, be crystal clear on your goals and paint yourself a vivid picture of what your end results should look like by knowing this:
Expanding your workforce
Expanding your online presence
Efficiency of sales funnel
Quality of customer service
New product creation
The more detailed and clear you are on the end results you’re striving for, the easier the rest of the cycle will be to implement.
Keep in mind that if a goal is tied to a number, it is much easier to measure, track and achieve.
Have a plan
Knowing what you want to achieve is always great, as it provides direction. However, just setting a goal is not enough. You need to know the “how.” You need to know what actions you should be taking each day and week to achieve the goal. So, what’s your plan? Does it include daily, weekly and monthly action items? Looking at your business and industry. What are the smartest action items you should be taking? What actions can you take that will get you closest to your goals?
Remember: By failing to plan, you’re planning to fail.
Have a teacher to help
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Take consistent action
Usually this step isn’t so hard. Most small business owners are doers, and they can get stuff done. The difference here is that now you’ll know exactly what you’ll be doing each day, because you already created a plan of action in step 2. Each day, you’ll simply look at the list of action steps and then do it.
You need to stick with these actions over a long period of time. Doing something once or twice is not enough to produce sustainable results, at least not when you’re looking for a high level of success in the world of business.
The secret to success at this step is to focus-in the word “consistent.” Anybody can take action, but not every business owner can stay consistent for the long haul.
Take action every day
Take action every day for a long period of time
Take more action
Get to the point where not taking actions feels weird
Review your progress
Sounds simple, yet far too many business owners almost refuse to look at the results they get. Usually, it’s because they know the results aren’t good. That doesn’t matter, though. What matters is that as a business owner, you know where you stand. When you know that, even if you don’t like the results, it allows you to better manage your plan of action. Every business does a course correction now and again.
Review your progress by asking yourself few questions:
Where are you now and where do you want to be?
How far off are you from where you want to be?
What can be done to decrease the gap?
What extra staffing do you need?
What extra funding do you need?
Who can help with this?
What new products or services need to be created?
What new advertising or marketing need to be done?
Renew your goals
Before you think that this is the easy step, think again. To continue to climb the ladder of success for your business, you need to be as detailed here as you were in the very first step. Be clear. Be concise. Be as detailed as possible.
This steps are also crucial for this cycle of success to work, because it helps you to avoid resting on your past accomplishments. Far too many small business owners will make some achievements, get some results, and then take a break for like a year or two. Don’t let this be you. Work on this steps and find your new goals.