Erika FerencziHostEntrepreneur in Hot SeatGuestThinking strategically by understanding the different kind of mindsets, the different mindsets that you need to do different things in your business.
Running a successful business and for that matter, running a successful business and a successful life is and will require strategic thinking.
And the reason why you're getting easily overwhelmed is because there are so many priorities at any given moment.
The smaller the business, the more luxury you will have to give your undivided attention for longer periods of time to any given thing, right? Because the smaller the business you are juggling, imagine you have five or six plates, right? So you have, let's say that you sleep for seven hours a day, you eat for another two, so that's nine.
So you have 15 hours or 14 hours or 13 hours that you can dedicate to five different things.
But the more that you grow your business, those plates turn into from five to seven, from seven to 10, from 10 to 15, and so on and so forth.
So it's not only the owner, it is also the people that are managing your people.
But the more that the business grows, the old ways of managing the business no longer work.
And the reason why these old ways of juggling the business or handling, they don't work is because you have more plates and your mind is going to be doing like mind acrobatics all day.
moving from marketing to sales, to hiring, to the associate, to the paralegal, to the payroll, to AR, to this project, to that project, to this vendor, to that vendor.
So it's literally, have any of you ever feel like squeezed? Have you ever felt squeezed by all of the things that you need to do? And you go like, oh my God, where do I begin? You feel squeezed.
Thinking strategically by understanding the different kind of mindsets, the different mindsets that you need to do different things in your business.
Running a successful business and for that matter, running a successful business and a successful life is and will require strategic thinking.
And the reason why you're getting easily overwhelmed is because there are so many priorities at any given moment.
The smaller the business, the more luxury you will have to give your undivided attention for longer periods of time to any given thing, right? Because the smaller the business you are juggling, imagine you have five or six plates, right? So you have, let's say that you sleep for seven hours a day, you eat for another two, so that's nine.
So you have 15 hours or 14 hours or 13 hours that you can dedicate to five different things.
But the more that you grow your business, those plates turn into from five to seven, from seven to 10, from 10 to 15, and so on and so forth.
So it's not only the owner, it is also the people that are managing your people.
But the more that the business grows, the old ways of managing the business no longer work.
And the reason why these old ways of juggling the business or handling, they don't work is because you have more plates and your mind is going to be doing like mind acrobatics all day.
moving from marketing to sales, to hiring, to the associate, to the paralegal, to the payroll, to AR, to this project, to that project, to this vendor, to that vendor.
So it's literally, have any of you ever feel like squeezed? Have you ever felt squeezed by all of the things that you need to do? And you go like, oh my God, where do I begin? You feel squeezed.
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