I hear often with clients they struggle with making time to work on their business and whilst often get ‘stuck’ working in their business, they recognise the benefits of the hands-on approach too.
Balancing time spent working on your business with a hands-on approach is key to building a thriving business. Working on your business entails stepping back to focus on strategic planning, growth, and vision, rather than just handling daily tasks. This focus lets you plan for future expansion, adapt to market changes, and strengthen the business’s long-term viability. When you dedicate time to this level of planning, you can anticipate trends, identify new opportunities, and set goals that provide clear direction.
This approach empowers you to create systems and delegate effectively, which prevents burnout and boosts productivity as your team becomes more self-sufficient.
At the same time, a hands-on approach is essential to stay grounded in the daily realities of your business. When you’re actively engaged with your team and aware of operational challenges, you can make more informed decisions.
Being involved in the business’s core activities provides valuable insights into customer needs, operational bottlenecks, and team dynamics. This understanding helps refine strategies to be more practical and relevant, bridging the gap between high-level plans and on-the-ground execution. Employees also benefit, as they feel a stronger sense of connection with leaders who work alongside them, which can improve morale and teamwork.
By combining both approaches, you cultivate a business that is resilient and responsive. Spending time working on your business allows you to streamline processes and introduce automation, making operations more efficient and less reliant on your constant presence.
However, by also staying involved in day-to-day tasks, you maintain a pulse on business health, foster a positive company culture, and adapt swiftly to any operational issues.
This balance can lead to a more agile, customer-centric and / or client-centric, and efficient business, helping you stay competitive while achieving sustainable growth. In essence, the synergy between high-level planning and hands-on involvement creates a business that is not only prepared for future growth but also well-grounded in present-day success.
Working towards having a healthy balance between in and on your business will enable you to manage your business more effectively and plan the next steps of your business growth.
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