Episode 118: What Does Working "ON" Your Business Mean?
Feb 26, 2024
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The podcast discusses the difference between working 'in' and working 'on' your business, emphasizing delegation, system creation, and strategic focus for scalability. It also explores the impact of clear vision on organizational growth and the importance of leadership development strategies.
Working on the business involves creating systems and processes for scaling, increasing efficiency and freeing up time for high-impact tasks.
Focusing on vision and strategy alignment helps employees understand the company's direction, facilitating organizational success and removing roadblocks for team alignment.
Deep dives
Focus on Systems and Processes for Scaling
Working on the business involves creating systems and processes for scaling. By dedicating time to writing processes that can be delegated, business owners can increase efficiency and free up time for more high-impact tasks. Delegate and elevate strategies help in identifying tasks to delegate and streamline, ultimately leading to better time management and organizational success.
Emphasize Vision and Strategy Alignment
Working on the business also entails focusing on vision and strategy alignment. Painting a clear vision for the organization helps employees understand and engage in the company's direction. Consistently zooming out and reassessing strategies ensures that the team is aligned and moving towards common goals. Leaders play a crucial role in removing roadblocks and facilitating alignment for organizational success.
Continual Self-Development for Organizational Growth
Self-development is a vital aspect of working on the business. Leaders need to continuously evolve and adapt to meet the changing demands of the organization. Recognizing the need for personal growth and skill development is essential for leading and scaling the organization effectively. Engaging in activities like reading, journaling, and building relationships with mentors facilitate ongoing self-improvement.
There's a big difference between working "in" your business and working "on" your business.
But do you know what the difference is? In this episode, Matthew walks through three aspects of working "on" your business and how, through working on your business, you can achieve your growth goals.
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Connect with Matt and Spencer at Evernest: Evernest.co