Do you know the most powerful question as a business owner you can ask about the business? Well come and find out and we’ll let you know.
Hi all, Nathan McDonald, Chief Business Instructor here at Black Belt Business. I get to work with a lot of clients day in day out and I love asking some really good questions. But there is always one powerful question that a lot of business owners can’t answer correctly. That is “What does your business do for you?”
Here’s the thing, you might sit there and go my business provides me money. Well that’s great and that could be one thing but what else does it do? If you had to dig down on that question what else does it provide you? When I speak to a lot of business owners some of them actually say it provides me time with the family. Other businesses say it doesn’t provide me time with the family because they’re too busy stuck in the business. Others will actually say it provides me a lot of stress. Others will say it provides me a lot of fun and enjoyment and I get a lot out of it.
I want you to actually think about that question for you. What does your business do for you? Most of the time we are sitting here running around trying to get the business to work, but not getting it working for us. I’m just wondering if you’re stuck in that rut? Sometimes we need to take a deep breath and find out what your business is really doing for you.
Yes, money and time are just the by-products of any business. But what else is it doing to you? What else is it doing to you emotionally? What is it doing to you physically? What is it doing to your relationships that you’ve got out there with people?
So I’m going to be challenging you to be asking that question. What does your business do for you? And you know, be very honest about it, spend five minutes working out what it does for you. Some of the things may be positives and some may be negatives. But what does it do? There are some instances where I have seen the business actually change the business owner, they are always angry or always tired. Is that what the business should be there for? Is that what it should be doing for you?
And it’s a very, very powerful point. One of the best things and the best education that I’ve worked with and listened to and read lately is Marshall Goldsmith’s, “Triggers”. Thank you Mr Goldsmith for that great education. Go and check it out “Triggers”. It actually talks to you about giving yourselves the right questions you need to be asking. Literally in the last 30 days since I’ve been doing my nightly questions my actual weight has come down. My health has improved and my weight’s come down. It’s because I’m challenging myself on those daily questions. But going back to the most powerful question you should be asking in your business , what does your business do for you? And again be honest about it and if it isn’t providing you an income and it is making you miserable be clear on that. Ask yourselves that everyday, because if it consistently stays that way and it’s not providing you what you actually need then you know you’ve gotta change it or get rid of it.
It’s really funny, I’ve spoken to business owners and I’ve actually worked with them to help them get out of the business, to help them sell it, to help them either just close the doors because reality is they knew they were no longer happy in the business and that is one alternative. The other alternative is put the stuff into place to make the business work.
That’s where here at Black Belt Business we come in, we show you the strategies to actually get your business where you need it gotten to. So guys ask yourself that question “What does your business do for you?” and be honest about it. Then I guess the next point, make sure you’ve got a list of things you want the business to do for you. If you’re miserable in your business and you want to be happy in your business, you need to actually sort through that and go forward from there.
So guys that’s it for On The Mats today, if you haven’t done it yet go and find out what belt you are in business!
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Looking forward to catching up with you soon!