The Matrix of Business

February 10, 2009 at 2:49 pm Leave a comment

There are 4 acknowledged pillars of business: marketing, production, human resources and finance. The theory is, if you can master each of them separately, you will have a successful business.

Let’s look at this a different way. What if they are inter-related and the goal isn’t to master each separately, but to master the relationships between them. What if they looked like this instead:


Marketing

Production

Resources

Marshalling the skill sets you need to ultimately sell your wares

Having everything you need to produce what you sell

Finance

Telling you how much you need to get and which of your marketing efforts are giving you the best results

Telling you if your business is financially viable and what you need to do to make it more profitable.

If this were the way business was, how would you manage your business differently?

Business is really just 2 steps– making things to sell and selling them. Managing resources and having financial information helps you do that in the most efficient way.

Given that, what are the most important skills you need for business? Leave a comment to share your ideas.

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Hard Skills/Soft Skills March 2009 Working from Your Strengths in Small Business

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The Three Success Factors

I have worked closely with 100’s of business owners and I have seen too many struggle. I have seen what works and what doesn't.

It takes 3 things to succeed:
1. Hard work - and I know you do that already.
2. Knowledge - domain knowledge: you've got that and continue to learn; and business knowledge: this is where everyone focuses and it's easy to find
3. Mindset - This is the killer app. This is what makes or breaks small business owners.

We work on Mindset here at the Business Owners Success Club: how you think about yourself and your business.

When you focus on a business that gives you what you need to live a Good Life and gives others what they need to solve a problem, everything else falls into place and you have a successful business.

Using that as a framework we work on one aspect of business every month. February is "Your Place in Your Community" month.

In March we will open the doors to our online community. Stay Tuned.

Sign up here to play along.

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