Process + Practice = Success
Having served as both an entrepreneur and investor, I’ve come to realize that the reason most businesses fail (or fail to achieve the desired levels of success) is not because of the product, price, promotion, or the initiative of the business owner, but rather a failure to consistently and steadfastly follow an established process in working towards their stated goals. In fact, what’s even more interesting is the discovery that the exact semantics of the process aren’t as important as the commitment to aligning, evaluating, and truly following the process as a daily discipline for informing the tactical and strategic decisions required for effectively managing the company.
Listed below are a few of the exceptional philosophies or practices that I have had the good fortune of being introduced to (in no particular order).
1. No Man’s Land: A Survival Manual for Growing Midsize Companies by Doug Tatum
3. Traction: Get a Grip on Your Business by Gino Wickman
4. The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change by Stephen R. Covey
5. The Great Game of Business: Unlocking the Power and Profitability of Open-Book Management by Jack Stack and Bo Burlingham
Putting Process into Practice
While there are numerous business philosophies predicated on pillars, beliefs or best practices, the bottom line is it only works if you commit to FOLLOWING IT ON A DAILY BASIS.
As a business owner, if you have best practices that you have found success with and could share with your peers, please leave a comment, I would love to hear from you.