3 Reasons Why Great Business Owners Can Run More Than One Business

Look at Richard Branson. He has more than 300 businesses and even if he only put in 30 minutes a day on each business he would have to work 150 hours a week – IMPOSSIBLE! So why is it so hard for the average business owner to find the time to run one business, grow that business, and still have time for their family? Here is my insight into the things I see successful business owners doing that the average business owner do not.

1. Ask Why Not

When someone tells them, it cannot be done they ask “Why Not”.  If there is a challenge or obstacle in the way of their goal they are more likely to start asking the questions that will give them solutions instead of stating reasons why they cannot do it.

One of the biggest challenges for the small business owner is not having enough time to do something new. I hear the excuse, “I just don’t have time” so often it is discouraging for me to listen. I’m not suggesting that people are lying and they do have time, but instead of stating their obstacle I would love to hear the question, “how could I make that work?” or “what would that look like with everything I am doing right now?”. Getting into the habit of looking for solutions before you discard the idea is how you find opportunities you would not have otherwise found.

2. Great Teams

Even when great business owners were starting out the most successful did not do everything themselves. It does not mean that you have to hire 7 people to work in your business, but it also doesn’t mean that you build a business that does not have a way to hire the people you need. You have to create a business plan that envisions the growth you expect to see and build your systems for that size of business. You also need to know exactly which role in the business will be yours to hold on to.

When it comes time to grow and you find yourself saying things like, “It is just easier if I do it myself” then you are sabotaging your chance to move forward. It is easier to do it yourself at first, but, like raising children, if you don’t teach them what is important and the fundamentals of what needs to get done then you will never have a team that will function for your business. Take the time to bring them up to speed and then take the time off when they are.

3. Grounded Lifestyle

The people I know that run successful businesses are like everyone else. They have family and obligations, they have happy times and sad times, and they work hard to make sure they can give the most of themselves to their families. The difference is that they are doing the things they want with their free time right now, not as a wish for the future, after their business has grown.

If you find yourself saying things like, “I’m going to take my kids to Disney World when my business is more stable” then you may be wishing away your ‘today’. Get grounded in your lifestyle and do what you can right now to live the life you are building for your family in the future. If you are always looking to the future for your next, best event or opportunity then you will likely walk right past all the amazing things that are happening around you right now.

So replace these three statements:

  1. I just don’t have time…
  2. It is just easier if I do it myself.
  3. I’m going to take my kids to Disney World when my business is more stable.

With these three statements:

  1. What would that look like with everything I am doing right now?
  2. I am going to take the time to bring them up to speed and then take the time off.
  3. I’m spending the weekend with my husband and kids so contact me on Monday.

And see if you start having more opportunities to create more in your business.

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