Why Most Small Businesses Fail

Why most small businesses fail

Most small businesses fail because the owner acts like the paint rather than the painter. The owners time is tied up in the details as oppose to painting the picture of how the business should look and function.

Letting go of the control is one of the hardest things you can do as a business owner. It’s a matter of choosing a path and painting the moving parts as if you were painting on a blank canvas. But it’s also about dropping the ego that you’re the only one that is good enough to do the job. Author Micheal Gerber calls this the technician mindset in his book the E-Myth.

Instead of trying to do everything the owner needs to turn the attention over to their team. Coaching and trusting them to deliver something just as good if not better than you can.

“The man who chases two rabbits, catches neither.” ~ Confucius

Time is a limited resource and when you own a business you can’t give 100% of your time to every moving part. It creates mediocrity across the board. You owe it to yourself, your customers and your team to be the painter not the paint.

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