Are you unsatisfied with the current state of your business and believe that there is more you can achieve? Well, you're absolutely right. You deserve better, and you have the potential to do better. That's why I have developed a transformative five-step process to help you turn your current situation into the desired future state for both you personally and your business.
Before we delve into the process, let's explore an important concept: the key to overcoming business challenges lies in being organised.
Don't just take my word for it; allow me to present some compelling evidence.
Business failures are alarmingly high, especially in the building and construction industry. Numerous statistics support this claim.
According to the Statistical Brain, incompetence is the primary reason for business failure, accounting for 50% of cases.
Reputable sources like the Harvard Business Review Research School have identified the lack of competence in management and planning as a significant factor. These statistics gathered from various countries such as Australia, the USA, and Singapore, emphasise the importance of organisation in running a successful business.
In the building and construction industry, the lack of organisation stands out as the leading cause of failure. With evidence backed by multiple sets of statistics and renowned researchers, the significance of being organised cannot be overstated. Neglecting this crucial aspect of your business increases the likelihood of failure.
However, let's shift our perspective and reframe it positively.
If you embrace organisation, you can double your chances of succeeding in business.
Now, it's crystal clear, isn't it?
This idea forms the foundation of my approach.
Here's the theory: You bring your business into the market to thrive. The market is where you interact with your bank, suppliers, tax office, staff, customers, and others.
Additionally, there's you - the skills you possess, your resources, your cash flow, your assets, and the support from your family and friends. You bring all these elements together and strive to become the best version of yourself. The first step in my five-step process is simple: recognise your current position. Builders often face high levels of stress because they take on multiple roles in the business.
You work on job sites, manage people, sell to clients, and handle client management. Essentially, you handle every aspect of the business. Builders constantly need more cash, more customers, and reliable staff.
Take a moment to write down your pain points on a piece of paper.
Here are a few examples of pain points you might be experiencing:
- lack of time;
- insufficient cash flow;
- loss of control, and so on.
Reflect on how you manage your people, suppliers, finances, yourself, and your family. Creating a comprehensive list of your current situation will provide a sense of relief once you transfer these thoughts from your mind onto paper. Managing your identified pain points is crucial.
Next, let's shift our focus to the prize - the desired future state you aim to achieve.
Imagine the possibilities that await you when you become organised. To clarify this, let's craft a story about your business.
Start envisioning your desired state.
- you could aspire to regain your freedom;
- spend more quality time with your family;
- build a valuable business;
- work with the right people in the right positions; and
- attract your ideal customers.
Moreover, consider having a healthy cash reserve in the bank.
Writing down your desired future state provides clarity, relief, and motivation.
This simple step sets you on the path to turning your business around. I recommend checking out my video on winning and how to craft an aspirational statement for your business, which will further enhance your motivation.
By taking these two simple steps: Recognising your current position and setting your desired future state, you will begin to sense and experience the benefits of being organised.
Remember the core idea: being organised makes business easier and the good news is, getting organised is within your reach.