Many people think “boring” is bad.
But there are several things we do every day that really are considered boring: grooming, driving, washing dishes, etc. Sure, you can find ways to make them interesting, but as tasks, they are just meant to make other opportunities possible.
We can think of a well-run business like that. If it is “boring” – meaning that it’s cash-flowing easily, no drama, no headaches, no stress – it can free you up for other opportunities. Things that are exciting and important to you in life like creative projects, loved ones, adventure and travel.
This article highlights a few different ideas to help you take stock and move towards having that streamlined “boring” business:
– How do materials, information and talent flow?
– Do you have strong leadership?
– How do you manage client relationships?
– Do you have systems that help grow a continuous pipeline and nurture creative innovation?
– Do you have a knowledge base that team members can easily reference?
What would you do if you had a boring business? (hint: many of our clients have one and so have started more!)
I enjoy drama, action and suspense when I watch a movie to relax and let my mind and emotions wander. However, I don’t find heroics and craziness entertaining or useful in business. In fact, my goal with entrepreneurs and business owners is to build a boring business based on systems, processes and execution that produces consistent cash flow.
That sounds reasonable, but often it goes against the programming and nature of the owner operators that believe charisma and heroics has won the day. I get it. We like superheroes and long to be one.
Emergencies pop up and uncertainty continually deals a hand here and there. When I see volatility or repeatable drama, then my conclusion is that something foundational is not working.
If you ever have gone on factory tours of large manufacturers of cars, electronics or packaged goods, you don’t see chaos and frenetic energy. You see systems that…
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