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Small Business Success: Commitment One Piece of the Puzzle
| Guest post by: Leanne Hoagland-Smith |
Article Overview: With the high rate of business failure, many entrepreneurs continually seek small business help to ensure success. Learn how commitment may be that one piece missing from your success puzzle.
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Free Download - How to Craft an Engaging Message That Highlights What You Do to Increase Sales By Leanne Hoagland-Smith |
Small Business Success: Commitment One Piece of the Puzzle
Sustainable success for small businesses is very much like a puzzle with a lot of pieces. Every small business owner's success puzzle is different. What works for some doesn't always for works for others. Yet, one piece in everyone's success puzzle is commitment. The piece may be a different shape and size, but it is always present.
Commitment by its very nature implies some action to be taken to achieve a desire, a dream or what can be also be called a goal. Think about a recent business achievement and your level of commitment. Then, think about a goal that wasn't successfully achieved and your level of commitment. Compare the two levels of commitment – were they the same or different?
For example, a colleague and myself publish a monthly newsletter Power Choices as part of our marketing plan. She and I are committed to creating value in this monthly newsletter based on our own goals, values and what we have learned from our readers. Sure, we could cite some statistics and write more research based or scholarly articles. However, would those actions actually add value by helping our readers realize that next level of success? I sincerely doubt it. Making this monthly commitment to be honest and share our personal experiences is what makes this newsletter unique.
As a small business evolves so does the level of commitment. Entrepreneurs are committed in the early years to working the business by wearing many different hats. As time passes, the business grows (hopefully), the commitment changes to working on the business while letting others work in the business.
Understanding how you define commitment and how you execute commitment is absolutely essential. For commitment is the one of the critical pieces to completing your own success puzzle.
During the last few years, I have spoken with numerous small business owners, level C executives and entrepreneurs. What I have learned is that no one wants to be a failure and yet everyone wants to be a success. Then, the simple question is: Why don't we have more success? Remember: Most small businesses fail in the first couple of years
The answer to this question is multi-fold. However, commitment to doing the right thing at the right time in accordance with the right plan and aligned with the right values is always part of the answer or in the words of Peter Drucker "Unless commitment is made, there are only promises and hopes; but no plans."
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About the Author: Leanne Hoagland-Smith RSS for Leanne's articles - Visit Leanne's website Her book, Be the Red Jacket is a no-nonsense and quick read to help discover potential gaps that may be keeping you from your goal to increase sales. The forward is by Evan Carmichael of EvanCarmichael.com Remember if you think you cannot or you think you can either way you are right. (Henry Ford). Sales Coaching Tip: Change your thoughts; improve your results. Click here to visit Leanne's website   Leadership Audit For Business Business Building Check List Leadership Assessment |
Related Forum Posts
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
These maybe the coldest franchises out there:
- Here are the worst 15 performing franchises in regards to having the highest Small Business Administration (SBA) loan failure rates. The list is dotted with sub sandwich shops, fitness centers and car shops.
WORST FRANCHISE LOAN FAILURES Failure %
1 OBEE'S SOUP SALAD SUBS 55.56%
2 LADY OF AMERICA 41.94%
3 COUNTRY CLUTTER (BED & BREAKFAST) 41.18%
4 COPY CLUB 36.36%
5 ALL TUNE AND LUBE 35.71%
6 PICKERMAN'S 35.71%
7 PHILLY CONNECTION 35.59%
8 ROLY POLY ROLLED SANDWICHES 34.78%
9 COTTMAN TRANSMISSION 34.48%
10 HAIR COLOR EXPRESS 33.33%
11 LEE MYLES AUTOMOTIVE TRANSMISSIONS 33.33%
12 GODFATHER'S PIZZA 33.33%
13 SMOOTHIE FACTORY 33.33%
14 BLIMPIE 31.39%
15 GOLF U.S.A. (RETAIL GOLF EQUIP.) 30.77%
Source: Small Business Administration, SBA Loan Performance Within Franchise Code for the Period of FY 2001 - 2005
Exclusive: Interview with Results
- Hi Forum Members,
I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles).
As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business.
This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business.
I am looking to interview about 30 businesses across North America over the span of 3 months.
At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews.
I would like to extend this opportunity to members of the Forum.
If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM.
Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
Re: Biz Plan Competition
- i just wanted to say that posting Small Business Events on CanadaOne is a great resource. Thanks Julie!
New Small Business Topic
- Hello everyone,
I'm on the lookout for new topics to add to my site. We just launched a Franchising section and are planning Human Resources section. Do you have any thoughts for a new section?
Here's a list of what we currently have:
Angel Investors
Branding
Bank Loans
Business Coaching
Business Plan
Franchises (New)
Insurance
Legal
Marketing
Public Relations
Sales
Small Biz Loans
Venture Capital
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