Being a Practioner/Business Owner 5 Things to know

There’s 5 characteristics you need to be a solid business owner/practioner, no matter the industry, or the type of a business.

1. Vision/ Plan
   1. What is your grandest Vision.  How will you accomplish it.
      1. Usually accomplishing the vision requires a plan.  For Planning there are three strategies:

1.Strategy 1

1. Create a business map.  This is a timeline of the different milestones of your potential or actual business.  Putting down details of exactly when you will add employees, what goals and milestones you will hit, and when and how your leadership team will grow and build.  Be very specific and detailed, and list the milestones.

2.Strategy 2

1. Identify a communication plan for your business, how you talk and communicate changes to your clients, your vendors, and your employees.  Utilize the business map to fill in what your culture will look like and how you want to develop in a way that makes it right for you.

3.Strategy 3

1. Research your market, and potential customers.  Identify the trends, and the people that will be a part of your business and enjoy it.  If you are an existing business, identify what your current customers like, and what your competition has developed, and then create a strategy around it.
2. What do you want those around you to see or talk about

1. Knowledge
   1. There is obviously a specific knowledge you need to know about product or services you are offering, but don’t let this stop you from getting started.
   2. The knowledge you need to improve and know about though are the following:
      1. Industry specific knowledge – how the industry works, operates, etc..
      2. Client Behavior – Both Micro and Macro. 
         1. Who your clients are?
         2. How do they operate?
         3. What are the buying habits?
         4. What are your clients opinions?
   3. Employees – Know about your employees, their wants, their needs, etc…
   4. Competitors
2. Know Your numbers
   1. What does it take to get a client
   2. Inner Workings
   3. How much activity do you need to do?
3. Communication
   1. How do you communicate to your employees, clients, competitors, vendors?
4. Positive Self Talk/Execution
   1. Positive
   2. Important not Urgent
   3. Execute
   4. Build it