Saturday, December 29, 2007

Finding Success in Business

By Sean Anderson

A lot of people give advice about how to run a successful business. I tend to think of business from an accounting perspective. You need to have controls and know something about the financial picture of the company. Then again, there are a lot of morons out there that just seem to be lucky. They don't have any controls in place and(or) know anything about accounting.

A lot of people say that if you love what you are doing you will be a successful business owner. This is where we start to get on track a little. If you explore this further you'll find that there are a lot of people who are successful business owner that absolutely hate what they are doing.

The key is balanced obsession. Sometimes people aren't even obsessed about the business they are running. We've all heard of the crazy CEO who likes to base jump among other things. In the end of the day they run a successful business because that is what supports their obsession.

Obsession can bring out many traits key to business. For instance, organization. Organization is the foundation of some accounting and legal firms. Businesses seek out these entities due to their ability to keep track of every detail. At the same time that is their business. If manufacturing companies were to do this inefficiency occurs, and the business would eventually succumb to costs.

This is why balance becomes important. Balance is created by the management of obsession. Obsessing about lowering costs or anything else for that matter becomes a problem when it interferes with other parts of the business. Having balanced obsession is essential. You yourself should be obsessing about the essential elements to the business as they become relevant. If you lack the skills or drive needed assign someone else to the problem.

For instance, the morons I spoke of earlier typically have a well equipped accountants. They are obsessive about their clients and accounting. As long as you, an employee or an agency is obsessing about issues vital to your business you will be successful 50% of the time. Hey, if I could give some advice that ensured success I would be charging for this information.

Post a Comment