Business Essentials: Business Owner Mindset

Establishing A Business Owner Mindset

Launching successful businesses start with one fundamental step, i.e. establishing a business owner mindset. We look at 4 key areas that you can start with.

Be purposeful in terms of strategy, including:

• Goal Setting: clear attainable goals are set.
• Education & Learning: devote time to improving your business and leadership skills.
• Time Management: manage every hour several weeks in advance.
• Repeating existing successful steps and habits developed this far: sponsoring tactics, creating volume for your business and coaching downline ABOs.

Independent business owners think differently than employees:

• Employees tend to seek direction, business owners create pathways.
• Employees tend to like steady employment, business owners are okay with less stability.
• Employees typically follow procedures, business owners create their own methods to succeed.
• Employees typically work a regular schedule with set hours, business owners create their own schedule based on their business plan.

Cultivate a business mindset. As an ABO:

• You are responsible for all decisions, good and bad.
• You must maintain both short and long-term visions of where you want to go.
• You identify potential pitfalls and challenges at each stage as you build.
• You continuously analyse numbers.
• You master your time!

How to maintain a business mindset? Create a business plan!

• The process of putting the business plan together forces you to take an objective, critical, unemotional look at your entire business process.
• The finished written plan becomes a tool which may help you manage your business.