The Transition of Growth in Your Business and Personal Lives
After a few years into my business career I realized that I dedicated the years in my 20's to learning and the years in my 30's have been spent earning. I’m not sure yet what will happen in my 40's, 50's, 60's etc… I haven’t gotten there yet.
If you think about that a little bit, you start out in business or life in the trial and error phase, you’re not exactly sure what to do or what you want to do but you go at it full force with ambition... You’re learning, reading, pursuing and going through a lot of motions that you are unsure of until it finally hits.
I learned everything about lending and real estate investing in my 20's and in my 30's I thought, “Cool, I finally get it and have a clear roadmap, now it’s time to take it to the next level. Let’s spend time on growth and higher level activities so we can start really ramping up what IS working and profitable.' Than it turns into a disciplined rinse and repeat of what’s working.
Lately I’ve been thinking that another way to look at this is as competition. As a young entrepreneur, early in your career, your competing as a one or two person operation, grinding on a regular basis to get to the next level in your business. I think the powerful thing is, you do that early on and then you get to the next phase of business. The phase that isn't heavily focused on the transaction part of your business, but some higher level activities. Being a visionary, coaching others, managing, etc...
Instead of grinding INSIDE your business on transactional work, you’re working OUTSIDE your business coaching, helping others grow in other positions inside your operation.
I’m a big advocate of hiring employees—in-house or outsourced—to help replace yourself so that you can focus more on growth. Back in the day when my business was first getting started, I was the one who was competing, grinding, doing everything myself, or with my business partner. Now, I have the opportunity to coach and help others grow. I still have my core responsibilities that I need to focus on on a regular basis, but because I’m spending a lot of time energy learning how to coach and help others grow inside the organization, it’s a steady transition of growth. Then, those staff members or business associates that I was able to help grow will be able to help someone else grow, and overtime, it’s a steady stream of the business getting bigger and more successful.
Don’t let yourself get stuck inside your company as a one person operation. You won’t be able to grow and you are really just giving yourself a job, trading time for money. If having a solo operation is all you want, that’s fine, but if you’re looking to grow and expand a business, you need to get into some next level mindset.