How To Grow Rich In Business
There are things that never change.
All of the success that business people have only comes from one place; from one source.
And that is… how they think about business.
Even if a business person has more knowledge than anyone else, if the individual doesn’t have the right attitude; if they are not thinking correctly or with an open mind and they don’t have a business plan, chances are they will either not get the success they want or their business will fail completely.
In our fast paced business world people, in general, have very little time to think. There is always something going on, there is always distraction and always business problems to solve. What there isn’t in many cases is visionary thinking.
It has been said, “what we eat is what we are”. That’s a true statement for many people. If you don’t eat well; if you eat a lot of junk food then at some point in your life it will catch up with you. You will experience the effects of poor eating habits.
It’s also true that “what we think is what we are”. Business people who understand this concept know that no matter how difficult or challenging a business situation may be, they can positively think their way through the situation.
That why you need to read (or reread) the book, Think and Grow Rich by Napolean Hill. Although it was written in 1937 it is still valid today. When you get a copy of the book make sure it is the updated version and not an older copy.
But that’s not enough.
It’s how you use that knowledge. It’s how you think about that knowledge that creates the success. One business person can take knowledge, have a positive attitude and plan to succeed. Another business person can take the same knowledge but have a negative attitude with no plan and their chances of long term success is questionable.
It was recently quoted in the Wall Street Journal that CEOs spend an average of 18 hours per week in meetings, including three hours on calls and five hours in business meals – and have little time for thinking, planning or working alone.
The question is: How can you be the visionary and the problem solver for your company if you don’t have the time to think? As the saying goes: Are you having meetings to have meetings? Chances are many of those hours in meetings are wasted.
If you want to be successful you have to think to grow rich.
Time is the only thing you can’t get more of.
As a CEO, president or business owner, how do you use your time to create greater success and profit? Or are you permitting your precious time to be wasted?
By doing tasks someone else could do, going to meetings you don’t need to attend and being caught up in the things that “just happen” during the day, this can all cause you to lose valuable work time.
If the size of your company permits you to have department managers, directors or even divisional VPs, delegate more to them and design a reporting system to keep you informed and actively involved where needed. You are not giving anything up and in fact, you are actually gaining something – your time to think, strategize and create.
The statement I often hear from CEOs, presidents and business owners is, “It’s easier for me to do it myself than to explain it to someone”. If that is your attitude then you will never have the time to grow your business.
You employ a staff of people to help you do what needs to be done to be profitable. Delegate. Delegate. Delegate. When necessary, follow up to make sure things are done properly and to company standards. If something isn’t done properly make sure the employee is coached as to what needs done. If you do it for them they will never take responsibility and you will always be overwhelmed with your desk piled high with work you can’t get to.
Not to mention there will be no time to think and plan – or to think and grow rich in business.
Read any good business books lately? Joining me this week on the Talk Business With Howard show on Blog Talk Radio is Ivana Taylor. Ivana is the book editor at www.smallbiztrends.com and the publisher of www.DIYMarketers.com. We’ll be discussing great business books for marketing and managing your business. The show airs live on Wednesday at 11 AM/ET or you can catch the audio replay of the show. Click here to go to the show page and listen to the show. The show can also be downloaded on iTunes.
For more great business books, Ivana has shared these two links:
Great marketing books for your business success:
Great management books for your business success: