Why Business Owners Must Make a Choice Between 'In Business' or 'On Business' for Sustainable Growth?

“You are not stuck where you are unless you decide to be.”

-???????Wayne W Dyer

What if every aspiring business owner begins his journey by dreaming about the future to launch his business, build his business, grow his business, and finally acquire a new business to become a serial entrepreneur?

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What if every aspiring business owner set a vision for his business and focused on adopting a powerful system and processes to drive his business with the active participation of his self-managed team to realize the vision?

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Being in Business is a business scenario where the business owner considers himself at par with an employee and performs most of the jobs/tasks that were supposed to be performed by his employees. Almost everyone reports to him in his business, and in the absence of any delegation as well as accountability, every employee approaches him for decisions since the decision-making is centralized. The business owner gets into operational and transactional activities without any focus on getting things organized and managed through the system. On average, the business owner works for 65-70 hours a week working beyond office hours including weekends and holidays to clear the growing work pressure yet the workload multiplies without seeing any closure to most of the tasks that get piled up and get into the pending list. Obviously, it leads to stress, work-life imbalance, no vacation, no quality time with family, sometimes it leads to loss of temperament, conflict with team members on petty issues, and so on.

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Being on Business is a business scenario where the business owner holds absolute control with a helicopter view of his business. It is the system and process that drives and helps the organization run through the trained and engaged teams. The job role and responsibility of every team member as well as the team leader are clearly defined. The vision, mission, and values are in place and active as part of the business plan for execution. The inter-departmental coordination and alignment are excellent. The direct reports report to the CEO of the business who in turn reports to the business owner. However, in the case of a small business, functional heads report to the business owner in accordance with the matrix form of the organizational chart. The performance measurement system is in place and monthly reviews are conducted on a serious note and constructive feedback is given to the team members for course correction. Every functional goal is defined and individual goals are measured periodically such as quarterly evaluation and half-yearly measurement. ??

A Case for On Business

Every business owner has a choice between Being in Business or Being on Business. Unfortunately, the reason for the selection of any one choice out of available two choices remains unknown to the business owner till he realizes that he has paid a very heavy price and would either pay the heavy price for his wrong selection of option by remaining in business or enjoys the multiple rewards of his right selection of option by remaining on business.

The self-talk of a business owner who is in Business would cover the following phrases:

• I am not sure.
• I have a doubt.
• It is impossible.
• I can’t.
• I have a problem.
• May or may not.
• Who will do it?
• What If not delivered on time?
• I always think small.
• I do not have a dream.
• I focus on survival.
• I live in a comfort zone.
• I am a carrier of a victim mentality.
• I am low on self-respect.
• I may or may not hold values.
• I have a life full of struggles.
• I have a mindset that is a carrier of negative traits.
• I always indulge in firefighting.
• I never delegate.
• I have a limited belief.
• I am not a disciplined person.
• I have my self-pity.
• I have a fear of the mirror.
• I never talk to myself.
• I have my self-doubt that is so high.
• I always wait and struggle for the opportunity.
• I believe that Cost Comes before Investment.
• I believe Cost is always cost.
• I see big dreams without resources.
• I lost an opportunity due to my narrow mindset.
• I believe that self-development comes at a cost.
• I do not know how to differentiate between Cost and investment.
• I focus on short-term gains.
• I always think about a new venture in terms of Cost.
• I never think about generating passive income.
• I consider education and coaching to be costly.

The self-talk of a business owner who is on Business would cover the following phrases:

• I am confident.
• I have total clarity.
• It is practical and possible.
• I can if you can.
• I approached it with a proactive solution.
• It would be done for sure.
• Any of our team members is empowered to do it.
• It is going to be delivered a day before the projected timeline
• I always look at the big picture.
• I have a list of dreams with a priority list for every dream.
• I focus on creating the future.
• I always prefer an uncomfortable zone for my journey.
• I hold a warrior mindset.
• I am very high on my self-esteem.
• I live organizational values.
• I overcame every obstacle and moved on.
• I empower my mindset to carry positive traits.
• I always work with a clear planning process.
• I focus on delegation.
• I have an abundant mindset for my every endeavor. ??
• I follow self-discipline always.
• I have a success story to share.
• I encourage my reflection in the mirror for self-talk.
• I keep myself busy with self-talk.
• I always make it a point for absolute clarity. ?
• I anticipate and track every opportunity and make it happen.
• I believe that investment always comes before cost.
• I believe cost can be an investment. ?
• I make sure that I achieve big dreams with all my resources.
• I grab every opportunity with an open mindset.
• I believe that self-development is a result of the investment in self. ?
• I am aware of how to differentiate between cost and investment.
• I always focus on long-term goals.
• I always think about a new venture in terms of investment.
• I always think about generating passive income.
• I consider education and coaching to be an investment.

Summary

If every business owner had to choose between In Business and On Business, the obvious answer would always go in favor of On Business. Unfortunately, most business owners are unaware of the business scenarios where a business owner finds himself on business. Being on business is a big picture that every business owner would like to see as part of his long-term strategy for sustainable business growth.

About the Author???

Suresh Shetye is a certified Business Coach and partner of ActionCOACH Global, USA, the number one brand in business coaching in the world with a presence in 97 countries. He is committed to assisting business owners to shift the paradigm from In Business to On Business with his focus on driving personal transformation through one-to-one coaching as well as group coaching. Suresh is on a mission to help 1 lakh business owners to grow their businesses and enable them to live a life of abundance. He has helped several business owners and startups to build their businesses, including those who were stuck in businesses with his mentoring, coaching, and extending support for effective hand-holding.

Suresh can be reached for one-to-one business coaching and group business coaching, business transformation programs, keynote speaking assignment, online webinars, and offline customized workshops as well as soft skill training including leadership excellence and development programs.

[email protected]

www.boomstride.com