If you had to start over
If you could create your business from scratch where would you start? Think outside the old constraints and that can give you the impetus for action, and action can build into momentum… says Brett Davidson, CEO, FP Advance
If you had absolutely nothing and had to start from scratch what would you do?
By all means think about this in the context of your life because it’s an interesting question. What would you do to get back on your feet? Would you stay in the same industry or career? What would you do first to get started?
But it’s also interesting to think of in the context of your business. If your business went bust last Friday how would you rebuild it? You now have the blank canvas you have sometimes wished for. What would you re-create?
More of the same, or something new, fresh, 21st century, and inspiring (for you and your clients)?
Let yourself go wild. Oh the possibilities!
This is not as crazy an exercise as it might appear. By contemplating how it might look from scratch you get to think outside the old constraints, to be the master of your new destiny. This can create some amazing new thinking and be really exciting for a while
Then what happens?
Usually all the practical constraints come flooding into your brain. Oh yeah, but what about [insert your blockage here]? And what about…etc, etc. Don’t get stuck in the blockages because they are not real. I know they feel real enough but they can all be overcome, it just requires some free thinking.
Here is what comes up for me when I allow myself to do this exercise:
The ‘new’ business ideas on the blank canvass really excite me.
If I refuse to let the blockages in (remember there is plenty of time to consider them later) I can often see how some of my free form ideas could actually be incorporated into my current business.
If I think a bit harder I can almost see some steps I could take to transform the current business I have into the one I’d really like to have (this is the really exciting part).
You can now map out a new way forward from where you are currently. You don’t need to go bust or start with a blank canvass to create the business (and the life) of your dreams.
- Working with different types of clients
- Providing a new range of services (broader or narrower than you do currently)
- Positioning yourself as an expert
- Dealing with underperforming staff member/s
- Splitting from your business partner/s
- Getting some new business partner/s
- Merging with or acquiring another firm
- Selling off an underperforming segment of your business.
You will know some of this stuff already, but doing the exercise can really bring it to the fore, providing you with the impetus to take action.
It’s not the things you think up that get you there, it’s the things you actually do.
If there are multiple steps, break them down into smaller and smaller actions. The first one should take less than 5 minutes to complete (make it that small). Once you get going it is amazing how that momentum builds.
For more on FP Advance
Subscribe to Adviser Business Review for a chance to win a day’s business consultancy with Brett Davidson. Click here to Subscribe