Running a business is like riding a bicycle 🚲. You learn by doing, not by reading the manual.
Hands on the steering wheel.
Look forward.
Pedal firmly and with strength.
Shift gears when needed.
And above all: you quickly learn that speed gives you stability.
Yesterday I was discussing what wealth 💰 meant to me personally. Wealth is an important and interesting concept. Even useful day to day. It gives guidance 🔜 and offers me a sense of freedom.
Wealth to me is my level of financial freedom 🆓. I can actually calculate it and reduce it to a simple number 🔢.
my wealth formula: liquid financial reserves / cost of lifestyle that makes me happy = financial wealth in months or years
Eg: 100.000 € savings/5000€ monthly cost = 20 months. Wealth of 20 months.
It shows that both parts of the equation are variables. Happiness 🐬 is a given.
Be happy with less or more, earn or save less or more. All have an immediate impact on my amount of wealth, i.e. financial freedom.
The same is true for small businesses. And financial freedom can be a basis for more innovation, risk taking, embracing change, creativity,…
Do you know your wealth? Personally and as a business?
You are an entrepreneur or work at a small business and determined to make an impact💥. That requires doing things you – and maybe nobody – has ever done before. R-I-S-K. Good. Expose yourself.
But you do not want to be the lone rider, the kid on the playground without friends,… You can survive alone, but you cannot grow 🚀 or be truly successful all on your own.
Partner up 🤝. Determine who you are, why you do what you do and find like-minded people. Don´t take anyone. Be picky but partner up.
You will have to work on the partnership. But when you do it will be worth it for all involved. Also your customers.
PS: and if it does not work out – be straight and fold. No drama.
The problem with patience as a concept is that it’s passive 💤 – it’s a concept of tolerance. Literally. Here’s the definition:
pa·tience
ˈpāSHəns/
noun
1. 1.
the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset.
What we need is passion 🌹, drive 🏎 and willpower 💪🏻.
At least if you want to have an impact with your business.
Peace ✌🏼 out.
Design thinking is a solution-oriented way of thinking. (as opposed to problem-oriented thinking).
It is often used in architecture and product design. But ever more it is finding its way into business thinking.
It makes us question ❓everything, even the assumptions and not take anything for granted. Design thinking also teaches us to “prototype” and not fall in love with our first idea. But above all it makes us search 👀 for “what could be”. Instead of building on past or existing structures.
In my view this is key 🗝 to become and remain relevant in 21st century business.
In case you are interested in how Design Thinking can apply to your business take a few minutes and read through this blog post (see blog from lightsaber Strategyzer).