The extent to which we can grow our business can largely be guided by our thoughts, actions and behaviours. However, there are external factors often at play that we can’t control, many of which could impact on us progressing to what we want. All too often we end up spending time worrying about issues that with all the will in the world you cannot have any direct impact on making them go your way. These could range from global economic factors, through to political and social issues, down as far as the behaviour and actions of other people.
Spending time worrying about the big things we can’t control can result in energy being absorbed in non value added thought. Here is a great way to think about control:
Grant me the serenity to accept the things I cannot change,
Courage to change the things I can,
And the wisdom to know the difference
Success comes from managing the things we can control. Embracing this principle will get you motivated to moving forward on those pressing issues that need sorting out. Focusing on factors outside your sphere of influence could create stress and reduce the effectiveness of your actions. Your mental toughness will become eroded by the enormity of the task associated with thinking about the things you can’t change. This habit becomes emotionally draining and will impact on your efficiency and effectiveness. Accept it!
Focus on the 10 things you can control:
- Attitude – believe you can, growth starts with believing you can
- Learning and knowledge – you must learn and acquire knowledge if you want success
- Friends – who you spend time with and who you share ideas with
- Motivation – the invisible force that comes from within
- Time – how you spend your time – who with and on what
- Capabilities and offer – what you are providing to others and how effectively you deliver it
- Financial matters – what you spend and your means
- Treat and deal with people – always with respect, honesty and integrity
- Deal with the environment – being aware of sustainability issues and how you treat your surroundings
- Reputation – what you stand for and your personal effectiveness
Successful business people tend to have a strong belief in their ability to take control of the circumstances, issues and factors that will give them their desired outcome, in particular they will:
- Actively take part in initiatives that improve their current situation
- Have a strong internal control orientation, this is hungry for goal achievement
- Actively pursue a policy of self development
- Inquire and actively commit to understanding why things turned out the way they did
- Embrace learning to ensure positive outcomes in the future
- Ignore people who drain their energy
When we master the art of controlling the controllable, additional energy will be made available for doing, consequently you will gain a better balance between activity and thinking. Success is well within your control!
Fear of the unknown can have a massive impact on our ability to realise our business dreams. Virtually anyone who has succeeded in their profession, career or sport has been able to overcome their inner fears. Fear comes in many shapes and forms, it could be:
- Fear of losing a big contract
- Fear of being unable to provide for our family
- Fear of speaking in public
- Fear of providing personal guarantees to the bank to support growth
- Fear of taking on that new overseas market
- Fear of investing in the infrastructure needed to take the business to the next level
In many instances, fear is an emotion we create in our own mind and it often results from negative self-talk. Fear can hold us back from doing what we want to do and what we want to achieve – it acts as a barrier to personal and business progression. The emotional turmoil created by fear stunts our personal growth, creates self-limiting beliefs and leads to a lacklustre performance that will not get you your desired outcome.
By getting into the habit of confronting our fears, we release the internal brakes of the mind. This allows us to move forward with our personal intentions to create the life and career we desire. Mind conditioning is required if we are going to overcome the fears that hold us back. We must get into the habit of listening to those fears but asking ourselves – how real are they? Do away with those fears by:
- Taking small steps to overcome those fears by forcing yourself to take action
- Visualise the outcome you want – not the fear factor
- Ask yourself how real is the fear?
- Dispel the invisible audience that fear creates in the mind
- How much do you want success? If you can’t do away with the fear, disappointment will result
- Exhibit courage
Surrendering to fear will hold you back, don’t fall victim to it. Take positive steps to embrace fear and push through it. Once in the habit, you will never look back – almost anything becomes a possibility.
Courage is one of the most important qualities a leader needs to acquire, without out it you can’t overcome fear, you stand still and accept the status quo. In the words of Aristotle – “you will never do anything in this world without courage. It is the greatest quality of the mind to honour”
Growing a business can be a scary thing to do; it generates lots of fears. Only when you get courageous can you move things forward.
Putting in the minimum amount of effort to a task to achieve a satisfactory result is a behaviour associated with people that have little or no ambition. Successful individuals take nothing for granted. They realise that through hard work and loyal commitment to their goals they may from time to time have to put in extra hours or do things that may feel punishing to either their mind or body – quite often both. The reality is that very few people are willing to push themselves physically and emotionally to over deliver. This maybe work a weekend to complete an important project, staying late at the office to help colleagues complete a critical bid or a teacher spending more with a pupil struggling to grasp a learning point. Going the extra mile to please others is an extremely admiral behaviour, you become respected by your peer group and the opportunities for personal progression is enhanced because others become engaged by your level of commitment.
You will place yourself well ahead of the competition when you do more than what was expected of you. It is also extremely rewarding both professionally and personally. The mindset of going the extra mile helps when:
- You don’t want to let someone down
- You want to influence a customer or stakeholder
- You have an ambition to achieve
- Someone needs your help
- You see an opportunity others have missed
- Potential has not been realised
Think deeply about what you want to achieve and accept that by conditioning your mind to embrace the philosophy of doing more you will become evermore successful purely by outperforming others. This mental programming becomes an integral part of your behaviour and winning becomes a habit.
Working long hours does not always mean you are working smart, however if you are setting up a business and trying to get it moving in the right direction – there is often no short cuts – a long shift is vital. Ambition comes in two forms…stated and genuine. Many individuals talk about what they are going to do, I am inspired by those who talk about what they have done.
Growing a business requires genuine gritty hard graft, courage and luck. Its surprising how luckier you become when you put in more hours.
The next three months will see universities churning out thousands of very proud new graduates – BA Hons, BSc’s the lot. A great education with brains packed full of new learning, knowledge and facts. But why do so many fail to find a job? How many of these bright new graduates have had their prospects limited by the conditioning of the external environment? These young adults have been supported in life skills and getting their head in shape for the next stage of their life. How many walk away with a personal growth plan that defines very clearly how to move their life on and make the best of their three years spent at university? How many have thought creatively about next steps… charity work, setting up their own business, free lancing using specialist skills they have acquired?
My view, is that we have some of the best academic institutions in the world and we create some of the finest talent, but so many never realise their potential and end up in jobs that fall way below their true capability – futures that lack direction, bouncing around from one job to another. It’s no use having a long list of qualifications if you don’t put them to best use. More effort and energy should be put into developing the creative and entrepreneurial mindsets that drive ambition and ultimately greater achievement. If you cant find a job why not create your own and set up in business? We need to see more graduate entrepreneurship.
I speak from experience, I left university in 1986 with a degree in Chemistry – great technical skills, but struggled having conversations, making presentations and generally selling myself to potential employers – no skills for life. I am not sure much has changed to be honest – I had to work it out for myself. We need to equip this next generation with a more rounded experience thereby allowing them to combine great academic qualifications with a mindset conducive to achievement and releasing personal potential. We must remember that we get what we think about. The universities are a rich seam of next generation entrepreneurs, work is needed to getting them started.
Are the cap and gown, the photograph that hangs on mum and dads wall and the handshake from the university chancellor the best send off we can give them? As well as the well-earned degree certificate, they should all leave with a “plan for life” or maybe a plan for their own business.
High growth companies are disproportionately innovative to those that are not, and whilst I believe creativity is the ultimate source of competitive advantage, I must caveat my views. The importance of embedding a culture to allow free thinking that stimulates new ideas is well documented. However, without control you end up with pet projects, loads of possibilities and hundreds of potential initiatives that absorb time, energy and resource. Large companies have processes to deal with their ideas pipeline, but in smaller high growth businesses the danger is that there is too much innovation and entrepreneurship and not enough control and discipline.
Commercial problems potentially loom when there is too much lateral thinking and lack of order. Jim Collins in Good to Great uses a very powerful phrase – “Disciplined Entrepreneurship”. This embraces the notion of balance – innovative thinking and behaviours being guided within a framework of performance measures and KPI’s.
Too much Discipline – then a disconnection with customers, markets and new possibilities takes place
Too much Entrepreneurial flair – nothing gets done because everyone is bouncing off the walls with great ideas
Successful high growth companies tend to have a disciplined approach to new idea generation and implementation – a form of commercial filter. I often wonder how much smaller high growth companies can teach large corporates about innovative thinking and entrepreneurship. The reverse is also important – how can big companies help ambitious founders embed better housekeeping within their organisation? Feels like a powerful learning forum!
This year marks Winning Pitch’s tenth anniversary of being in business. The very reason I founded our organisation was to provide the tools to create, build and support individuals get the most from themselves and their companies. To achieve our mission it was imperative that Winning Pitch demonstrated an authenticity that could never be challenged, in other words we practiced what we preach. Ten years on, I am very proud to announce that we have worked with some 6,000 companies. Those we have supported over the past two years have grown 4 times the rate of GDP, the average change achieved in net worth, following Winning Pitch help is 335.5%, their balance sheet value has also increased by more than £181.96m. Impact on local economies is so satisfying to observe, Winning Pitch assistance has delivered approximately 5,000 new jobs. As a business we have reached revenues in excess of £10M and over 100 full time employees across the North and rest of UK. These impacts are testament to our core beliefs of authenticity, trusted adviser and an ability to deliver.
There is no finishing line in business and complacency is a danger zone that every entrepreneur should avoid entering into. After a decade of passionately supporting the entrepreneurial business, we ourselves have moved up a gear in terms of our growth plans and ambitions. Helped by a £2.5M investment last year, I am delighted to announce a new look Winning Pitch – one that’s aims to deepen even further our profile and brand in the SME growth space. Growth SMEs are going to be even more important to local, regional and national economies over the next decade; they are the job generators, the source of innovation, graduate jobs and foreign earnings. I want Winning Pitch to be at the heart of making these businesses succeed – with clarity of vision, superior propositions, strong leadership and teams, an ability to live in the customers world as well good housekeeping and financial strategy and control, everything is possible.
I want to carry on supporting individuals to grow and helping the next generation of stars to accelerate their performance and win. More specifically, we want to give more attention to those companies that can scale their operation. These are the businesses with global potential, they become bedrocks of local economies by delivering jobs, this in turn helps communities to prosper and thrive. We will be placing increased emphasis on this unique set of companies, whose business support needs are more sophisticated and complex to deliver.
I look forward to another ten years of innovation and obsessive focus on unlocking entrepreneurial ambition. We will continue to build and expand the Winning Pitch entrepreneurial community by giving courageous individuals the trusted guidance they need to achieve both profitable growth and a business they can be proud of.