On Your Terms

It's understandable that you want to do business on your terms. After all, it's a primary reason why you own your own business at all. Of course, there are other reasons too.

Most of us don't know that most businesses start out of necessity: a couple decides one spouse should stay home and there are no viable employment options out there right now are common business start scenarios. Again, those are examples of doing business on your terms.

But, are there times when doing business on your terms can lead to paths that are less successful? Absolutely. Business principles are business principles. We could expense more than we sell, as an easy example. The other example, though, is not typical.

What if we have done business a certain way, and now the market (customers, competitors, suppliers, distribution, product use, etc.) has changed? Most of us are stubborn. We don't want to change.

That's where advisors, peer group members, coaches, and others we trust can come in to play to truly help us see different paths when we are or feel stuck.

On your terms: yes! But have you checked in with your advisors, peer group members, and coaches lately?

If not, add it to your early 2024 calendar. Now might be the best time.

ryan

Ryan Kauth

Ryan Kauth is a business coach, fractional executive, university lecturer, and founder. You can book 30 minutes on his calendar just to run something by him or ask him a question. It's that easy.