A year ago I paid $500 for a short meeting with a local multi-millionaire. I’d like to share with you the best advice I received:
"Acknowledge your Weaknesses but focus on your Strengths."
How does that translate to you and your business?
Say for example you are great at sales and crap at paperwork. Focus on your strength – sales. Hire a PA or an admin person to do the paperwork. Don’t do the paperwork yourself if it’s not your thing.
Or, say you’re great at managing people, but not sales. Hire a salesperson/team and manage him/her/them.
In business all tasks are important: marketing, sales, production/delivery of your product/service and admin. So you have to cover them all – either yourself or hire people to cover your weaknesses.
I realised that being regimented at sales calls is difficult for me. So I have my own appointment setter.
How would you rate your Strengths and Weaknesses on the list below? What could you do to counter your weaknesses and build on your strengths?
|BUSINESS SKILL||YOUR RATING|
|Negotiation skills (ability to make deals)|
|Organisational ability (having a well run business)|
|Management ability (being able to lead others)|
|Operations ability (being able to make / provide what the business sells)|
|Financial skills (the ability to understand financial statements)|
|Add others here…|