By Steven Ly
Imagine if you were able to get from A to B without having to actually walk the path. In terms of physical locomotion, that’s impossible (unless you somehow construct a Star Trek-style transporter), but in business, it’s actually something the smartest CEOs do every day. Instead of taking the difficult road, they pick the easy one. And sometimes, that means that there’s no road at all.
In this post, we take a look at some business shortcuts you should be making. These are designed to get you to your end-point faster, without all of the hard work, stress, emotional turmoil and financial difficulties.
Get A Mentor
Top CEOs know that they don’t know everything. Despite appearances, at their core they’re often humble people. That’s why they often have mentors. The idea here is to avoid the pitfalls that most founders encounter by working with someone who already has a lot of experience.
Just look at Mark Zuckerberg, for instance. While he’s made a few mistakes, he’s also had a lot of successes, primarily because of mentoring. His guides were able to show him the pitfalls that he faced before he got there, allowing him to make the correct decisions when they arrived.
Outsource Your Accounting
There’s no point trying to learn accounting and do everything yourself. That’s a waste of time. Instead, business founders should rely on experts, according to Perks, who specialise in bookkeeping for their particular industry.
The reason for this is twofold: first you want to protect yourself against any misfiling of your financial statements and tax returns. And, second, you want to make sure that you keep your time free to focus on your business, instead of wasting many hours figuring out whether you added up everything correctly. In other words, you want to reduce risks and save time.
Chase One Thing At Once
While there are some entrepreneurs who chase multiple objectives at once, the vast majority of highly successful individuals just do one thing at a time. They don’t start five businesses or try to spin multiple plates. Instead, they knuckle down and set up each of their brands sequentially, setting them loose when they are ready to support themselves.
If you have multiple objectives, pick the one that’s most important to you right now and then concentrate on it fully. Put the rest on the backburner.
Find Out If You Have Drive
When your emotions are running high and you feel pumped about your business idea, it’s easy to imagine that you’ll be able to sustain the same level of intensity for years to come. However, most entrepreneurs find that they get burned out quickly.
It’s a good idea, therefore, to take an honest look at yourself. Ask yourself whether you have the drive to succeed and make it through.
Network More
Lastly, try networking more often. This often leads to the biggest shortcuts. You regularly find people who can solve problems you thought would take months or years to deal with. They can put you in contact with the right people, technologies and services to get the job done.
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Source: Business Shortcuts For Smart CEOs
Category: Business, Business Shortcuts, CEOs, Smart CEOs
