This week's selected question:
Q: What is the most important determinant of a business's success?
A: While having a Unique Selling Proposition (USP), great sales people, best location, best products, good customer service or a strong local economy are all factors, based on my experience, the most important determinant is
you- the business owner. History is riddled with examples of successful businesses that have failed with a new owner and lackluster businesses that have flourished under new ownership.
The point is,
you are your most important business project andyou should be investing significantly in yourself. This includes reading books, examining your strengths and weaknesses, setting development goals for yourself, seeking outside advice, tracking your own personal development and getting a mentor to keep you on track. You probably spend plenty developing and maintaining your business's physical assets. How much time and money do you spend on developing yourself?
The great motivator and speaker E. James Rohn advises: "
Work harder on yourself than you do on your job". If you are serious about your business and what you want to get out of life, you simply must dedicate 5-10% of your time to self-development. And, yes, set aside the money to pay for it. This investment will likely give you the highest return on investment possible.
To maximize your investment, engage the services of a mentor who can help identify the 'gaps' in your knowledge, skills and abilities and create an action plan to fill them. At
ActionCOACH, we employ a comprehensive set of educational resources combined with literally hundreds of proven business strategies.
So, find out what an
ActionCOACH can do for you. Set up a Complimentary Coaching Session appointment with Earl Kemper by calling (720) 981-0926.
SPECIAL ANNOUNCEMENT: Reserve your spot for the
BusinessRICH Weekend Retreat, being held at the
Village at Breckenridge, June 8th-10th.
BusinessRICH presents the "
6 Steps to Massive Results" in detail. To make your reservation, call my office at (720) 981-0926 or go online at
www.Go2Coaches.com for details and registration. Don't miss this! Do it NOW!!!
Have a question for Coach Earl?
Go to
www.YourHub.com and ask, you will get a response. If your question is selected, you will receive a Gift Certificate for your FREE admission to the next
GrowthCLUB (90 Day Planning) event on May 25
th valued at $295.