Don't Run Your Business Like an Amateur Instead, try this: 1. Know Your Numbers: -> Complete and correct monthly P/L -> Review it for at least 30 min -> Take action to cut expenses and double down on what makes you revenue 2. Build your Dream Team: -> Hire smart people that share your values -> Train and support them -> Empower them and share responsibility 3. Reflect and Plan : -> Daily, weekly, monthly, quarterly reflection -> Identify your Top 5 to-do’s and adjust as you reflect -> Have conversations with smart people and get feedback on your plans Most people get this all wrong. They think it’s about working harder than everyone. It's not. Success is about staying in the game the longest. It’s a marathon, not a sprint. Consistent progress over time wins.
I wonder how many entrepreneurs actually know their numbers. I'm not talking about half-baked excel spreadsheets. But actual KPIs they monitor on a monthly basis. I imagine it's quite low.
Scaling geospatial tech organizations by strategically aligning people, processes, and systems around big audacious goals.
6moAt the heart of all this must lie a vision supported by goals. Knowing what numbers are important -> you must know what are you working towards to know what to track. Building a team -> you need to get them excited about what you're doing so they're working with passion, not just for a pay check. Planning and reflecting -> you and your team need context to understand what must be done vs. what you'd like to do. Start by asking "why?" Your vision will follow.