I remember as a child, whether I was butting into my brother’s or sister’s business or other kids’ business at school, either my parent or my teacher would say, “Mind your own business.” We were all kids once, and I’m sure everyone reading this can relate to that phrase at some point in time. However, now that I own a business, mind your own business has taken on an entirely different meaning. And it means exactly that. Mind your own business. Our job as business owners, CEOs, and such is to mind everything within the four walls of our business or organization to make sure it’s running synergistically.
Let’s take a moment and go through a little checklist this morning. The first step in minding everything within the four walls of our business or organization to make sure it’s running synergistically is Mastery. Mastery consists of four components; Time, Money, Delivery, and Destination. Are you effectively mastering your time where you’re intentionally spending your time and effort, where you’re going to get the best result? Are you effectively managing your numbers, where you’re reading and reporting your balance sheet, your P&L, and your cashflow analysis so can have the numbers work for you versus looking at a spreadsheet and getting all confused? Have you mastered the destination of exactly where you want to go with your organization? And is your delivery process in delivering your goods and services to your clients, on the up and up? This is all about minding your own business.
Have you created a niche and uniqueness for your organization to stand out compared to your competitors? Have you created a culture of your organization and a brand that people recognize and want to be a part of? Have you created the systems within your business that have it run synergistically? Understand that SYSTEM stands for saving, yourself, stress, time, energy, and money. Have you created prudent operating procedures to deliver structure for your organization and team to adhere to as opposed to them asking you questions while you explaining to them how to do it? And speaking of the team; do you have the proper onboarding process? Do you use position agreements when you hire people? Do you do the review process so you’re proactively letting them know of their expectations of where they can shine up to get better over the next 90 or 180 days? Is all this in place?
Do you have the culture articulated to where the team and the employees will align with it to create consistency? Mind your own business means exactly that. Forget everything else that’s going on outside of the four walls of your organization. There’s always something going wrong or right outside those four walls. You can’t control that, but you can control everything within the four walls of your business, and that’s what you need to work on. So, when you think of that little phrase, “mind your own business,” as an adult business owner or leader, take it to heart.
COACH MICHAEL DILL is an Award-Winning Certified Business Coach, global speaker, and published author. He is a proud Action Coach Franchise partner as well as the President of Power & Ice Wealth Creation a strategic leadership company that works with business owners, leaders, teams, and entrepreneurs to both develop a systematized and structured organization while accelerating their mindset, efficiencies, and effectiveness to grow both personally and professionally to achieve extraordinary results. He brings more than 40 years of business and entrepreneurial experience in his leadership, team training, and mentoring practice. Businesscoachmichaeldill.com