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David Lancaster | Business Coach, Sydney Australia

Ph: 0410 47 11 88

Success Since 1992

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'How To Run A Business' | By David Lancaster

A firm resolve and a soft heart. In the early stages of setting up or running your business you need a good deal of personal discipline.

Often first timers see the many things that need to be done and lose their focus on the important details...

...they fail to delegate what they could because of a misguided feeling that it is easier to do it themselves than to explain what they want to somebody else.

This has several drivers:

1. A desire to keep costs to a minimum
2. An uncertainty about what to do.

The first point often results in things costing you more because those who have experience will complete the task faster and avoid the errors that an inexperienced person will usually make. Unless you have an unlimited lead time for establishing your business you are better off getting professional help early.

They will complete the task faster and will be in a position to flag areas to watch out for, whereas those without experience ‘don’t know what they don’t know’.

The second point causes the new business owner to hide or mask their own uncertainties under a cloud of bravado. Bravado is not a perfect disguise because others detect the mask and decide to remain silent rather than embarrass you or confront you.

My advice is to choose one or two people that you respect and let them know that you want their insight. Tell them you would be honoured if they would provide advice or an opinion from time to time. Run your ideas past them occasionally to let them know you are serious.

A firm resolve about your future will prevent well meaning people from stealing your dream. A soft attitude toward others will enable you to capture time and money saving ideas and will help you put substance into that dream.

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