PART 1 – GUIDE TO A BETTER BUSINESS

The three cornerstones of a better business

THE BIG PICTURE

WHY

VISION

PRINCIPLES

A
C
T
I
O
N

STRATEGISE

EXECUTE

Success, Pupose, Freedom, Fulfilment, Peace

The three cornerstones

There are three fundamental cornerstones to growing a business.

Each cornerstone underpins your business and plays a vital role in ensuring you achieve your financial and lifestyle goals.

This is a high-level overview of the three cornerstones to help you understand how they interact.

They are then covered in more detail within their own parts of this series.

1   THE BIG PICTURE

2   ACTION

3   PERSONAL GROWTH

1 

The Big Picture

Your Big Picture will be a key driver for the direction of your business.

It matters because it will directly impact the business strategies that you will use. For example, if your vision is to have a nationwide distribution for your product in 10 years-time, you’ll need to implement strategies that push the business in that direction.

Besides, the Big Picture impacts the culture of your business and can therefore change the type of employees and customers you attract.

This first cornerstone is ‘anchored’ by the following:

  • Why: Why you’re in business and why should anyone care
  • Vision: The long-term vision you have for your business
  • Principles: The core principles that you truly believe in and won’t waver from

These three anchors make up the ‘belief system’ of business’. They don’t tend to change quickly or often.

However, it’s important that they evolve. For example, if you start a family after starting your business, your priorities and beliefs are naturally open to change.

This means that your Big Picture is open to challenge by both yourself and your team members.

1 

The Big Picture

Your Big Picture will be a key driver for the direction of your business.

It matters because it will directly impact the business strategies that you will use. For example, if your vision is to have a nationwide distribution for your product in 10 years-time, you’ll need to implement strategies that push the business in that direction.

Besides, the Big Picture impacts the culture of your business and can therefore change the type of employees and customers you attract.

This first cornerstone is ‘anchored’ by the following:

  • Why: Why you’re in business and why should anyone care
  • Vision: The long-term vision you have for your business
  • Principles: The core principles that you truly believe in and won’t waver from

These three anchors make up the ‘belief system’ of business’. They don’t tend to change quickly or often.

However, it’s important that they evolve. For example, if you start a family after starting your business, your priorities and beliefs are naturally open to change.

This means that your Big Picture is open to challenge by both yourself and your team members.

2 

Action

The second cornerstone to underpin business growth involves taking action: designing and executing the strategies you decide to follow, while also keeping in mind your Big Picture.

All strategies should be developed in order to achieve your vision, while staying true to who you are and the beliefs you hold.

The world is constantly changing, so your Strategy will also need to adapt and evolve.

When these strategic ‘shifts’ become necessary, the more clarity you have the more likely you’ll be successful.

But your strategy will mean nothing if it’s not Executed.

We believe that having effective ways to execute your strategies is the most valuable asset a business owner can possess. Because so many business owners fall at this hurdle.

An average strategy, ruthlessly executed, has a great chance of achieving amazing success. (Though it’s obviously best to have a great strategy, ruthlessly executed!)

2 

Action

The second cornerstone to underpin business growth involves taking action: designing and executing the strategies you decide to follow, while also keeping in mind your Big Picture.

All strategies should be developed in order to achieve your vision, while staying true to who you are and the beliefs you hold.

The world is constantly changing, so your Strategy will also need to adapt and evolve.

When these strategic ‘shifts’ become necessary, the more clarity you have the more likely you’ll be successful.

But your strategy will mean nothing if it’s not Executed.

We believe that having effective ways to execute your strategies is the most valuable asset a business owner can possess. Because so many business owners fall at this hurdle.

An average strategy, ruthlessly executed, has a great chance of achieving amazing success. (Though it’s obviously best to have a great strategy, ruthlessly executed!)

3 

Personal Growth

You will be better positioned to develop and execute successful strategies if you’re also constantly striving to be better as a person.

As a business owner, you need to develop a wide array of skills. These can help you create better services/products, market and sell, and engage with customers/suppliers/team members more effectively; not to mention get the best from your employees and use your money wisely, etc.

But your development should not only be limited to professional skills. Your success will be measured by the quality of your life, so you’ll also need to work to develop your emotional, physical and spiritual wellbeing (Personal Growth).

3 

Personal Growth

You will be better positioned to develop and execute successful strategies if you’re also constantly striving to be better as a person.

As a business owner, you need to develop a wide array of skills. These can help you create better services/products, market and sell, and engage with customers/suppliers/team members more effectively; not to mention get the best from your employees and use your money wisely, etc.

But your development should not only be limited to professional skills. Your success will be measured by the quality of your life, so you’ll also need to work to develop your emotional, physical and spiritual wellbeing (Personal Growth).

GUIDE TO A BETTER BUSINESS (PART 1-7)
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By |2021-05-23T03:10:41+00:00April 10th, 2021|0 Comments

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