Business Owner Mentality is a way of thinking; it is a state of mind. It can be learned. It is not a natural gift or talent one is born with. It is a skill set much like leadership and contary to popular belief, people are not born leaders.
Have you ever met the owner of an Outback Steak House, Applebee's, etc?
Neither have I, and I used to wonder how those businesses could keep growing and growing and keep opening store after store and the owner isn't there to oversee the day-to-day operations? The answer-these owners had developed the skill set called Business Owner Mentality.
We go to school to get a good education and to receive the training we need to acquire a good job, but where does the training come from to be a good business owner? Most people start a business based on past experience-I can roof a house, so I am going to start my own roofing company. There are so many skills a business owner has to learn that has nothing to do with their trade. This is where a business coach can mentor a business owner, to show them how to develop a Business Owner Mentality.
How can you operate a business and not have to be there? Business owner mentality is when you decide you are going to build a business based on systems. You develop a system around running your business, not around you. The system doesn't revolve around the owner; it evolves around the business. Business owner mentality is when you decide to build a business, not to make money (because you will probably go out of business), but to duplicate or sell your business. In order for you to sell or duplicate your business it needs to be profitable, which requires your business to be focused on systems and not an individual.
There is a lot of stress that can be eliminated once you develop a business owner mentality. Your 50-60 hour workweek now becomes a 4-hour workweek. Your stress level will decrease significantly, you will be able to manage your time more efficiently, your communication with your employees and clients will be improved. These are just a few of the benefits of learning the principles of business owner mentality.
At TFL Worldwide, we are here to mentor, support, and encourage your development of business owner mentality. We want to help guide you in the direction that will make your business a success.
