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Why Do Many People Who Do Great Things Own Businesses?

January 17, 2018 // R. Shawn McBride

We work with partnerships and other successful growing businesses in helping them get where they are going. One thing we keep seeing is that people who are great, people that others admire, people that have a balance in life and a life that people strive for, are often business owners. Why do we keep seeing this over and over again? What are some key things?

#1.  Be balanced. If you are going to be a successful business owner, you have to be balanced and understand who you are. Understand how your life fits together and makes things work with multiple competing demands. People who over-focus on one area are usually not successful long-term business owners. If you only focus on your business and neglect your health, your health will eventually suffer and you may not be a business owner forever. Those who are successful in the long-term, who have families, who are healthy, and who have everything going for them typically has found ways to balance.

#2. Build a team. Being successful at business means building teams. This is a skill that is highly transferable. The same skills that work for building a team in the office will also help build a team at home and in the community. You will start building a skillset and seeing how to work with others in a better way.

#3. Have the long view. Know what you want your business to look like now and in the future. Know the balance you want to have between life, your family, and your business. This skill is powerful in other contexts because as you start seeing things emerge, you know you can work through things over time.

#4.  Set up the business to have balance. You may wonder how successful business owners achieve this balance between work and life. Years before it happened, many of the business owners already had that vision in their mind. They knew what they were going for, where they wanted to be, and they have gotten there. They are successful.

#5. Being more themselves. Being a business owner often allows people to specialize and to focus on those things they enjoy, those things that they are good at, so they can be more themselves. They can be who they really are, and they can focus more.

What are your thoughts about business owners and greatness? Have you seen a lot of great people who are business owners? What characteristics have you seen in them? Leave your thoughts in the comment section below.

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This posting is intended to be a tool to familiarize readers with some of the issues discussed herein.  This is not meant to be a comprehensive discussion and additional details should be discussed with your attorneys, accountants, consultants, bankers and other business planners who can provide advice for your circumstances. Each case is unique.  Past results do not guarantee future outcomes. This article should not be treated as legal advice to any person or entity. Freeimages.com/photographer Steven Goodwin.

 

About the Author

R. Shawn McBride is the Chief Innovation Officer at McBride For Business, LLC. His signature keynote, The 3 Laws of Empowerment, gives audiences an entertaining look at how they can prepare, plan and protect themselves. You can email R. Shawn McBride or (214) 418-0258.

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