I’ve been asked that question many times over the years, but never with the word “recipe.” That got me thinking. Recipes for cooking or baking can contain a lot of ingredients. Owning or managing a business requires a variety of business activities to produce desired results.
If you want an honest answer, I would say yes and maybe. I don’t mean to waffle on the question, but there are many correct answers. Just like any good cook, the best recipe is usually stashed away in the brain. It all depends on what you consider a success.
Some people want buckets of money and nothing more. Others want peace of mind and the ability to provide a good living for themselves and their employees.
It’s not easy owning a business or managing a business. Just because you have the guts to start or manage one, doesn’t mean you are going to succeed.
If you believe in yourself, committed to long, hard work, and seek expertise from others, you do have a chance to succeed.
Quick tip: Don’t be afraid to hire people who may be smarter than you or fire those people who may be holding you back.
As in sports, a bit of good luck doesn’t hurt your chances for success. Remember, on any given day or night, the underdog will win. But luck can only take you so far. You need to make your own luck.
You need to embrace change. Something ventured is nothing lost if you learn from the venture. Like sports, you can be down and then you can be up. It’s all part of the business world.
You and only you can define your definition of success in the business world. I believe an ambitious person requires multi-levels of success. As I reached my first definition of success, I challenged myself with another definition.
I needed to push myself and reaching that next level of success was always a good catalyst for helping me succeed. Don’t take your eye off of the prize.
Taking small steps, some with more risk than others, and trying not to make the same mistake twice, was my recipe for success. Can it be yours?
Maybe yes, maybe no, or just maybe parts of your recipe for success will be realized. It depends on you. There are many recipes for business success. You need to choose one, add something new, do something less, eventually creating your own recipe. Then, you’ll have your answer.
Thoroughly enjoy each new recipe, and share the results with others. Remember – your next recipe for success is waiting.
Let me know what you think or if you have any questions, don't hesitate to call 800.251.3608.
Enjoy your day,
I love the idea of hiring people smarter than you... if you are to grow this is a great way! You should continuously get new perspectives from your employees. My job as a manager is to work with my team so that they can move up - even have my current job one day... hopefully, at that point, I'll have grown too!
Rosalind - I have worked with literally 100's of businesses and there was a strong selection of bright people in each. I love your point about teamwork. That is another strong benefit any small business can use.