This final blog in a 3 part series is about strategy. Every day you should think about the overall strategy for building your business. It’s not magic and it’s no secret: hard work, focused effort, discipline, and a burning desire to create something you can see clearly, those are the beginning stages of your strategy. The first article was about PEOPLE, the second about PROFITABILITY and now STRATEGY.

Give the following some thought:

Q: When is the time to transition? A: When you’re willing to live with the consequences of your decision. If you are considering transitioning while working at your current job, remember, part-time is tough! How much can you work if you are also working for someone else? And if you’re working after hours, will you be able to serve your clients when it’s a convenient time for you AND them? If you have a product, will you be available to speak with your customers and ship items in a timely manner?

Being an effective and successful entrepreneur requires you to be completely present and listening and responding on multiple levels. If you stretch yourself too thin, you may not succeed. Strategy is about having a plan that you’re prepared to implement and then live with the outcomes.

To summarize, leap when you’re ready to leap with joy and abandon. Business is a risk – but success comes from risk that is calculated and well planned. Be prepared for success by knowing what it will take for you to be successful.

ACTION ITEM: What will I do today to develop my strategy for succeeding in my existing business or building a new one? What people will I connect with to advance my goals? Do I need a coach to play my best business game?

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Victoria Trabosh

Victoria Trabosh

Since 2003, I have leveraged my 40-year business career and life experience into a role as an executive coach and international speaker, author and columnist. Practicing what I preach, I have been my own agent of change during my career. It has sparked in me a passion for helping others change as well. In fact, I’ve committed my life to it.

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