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28 Dec Just stop it! What things must you stop doing in your business in 2017, and 3 other important questions to ask

At year end, an entrepreneur’s mind is on many things, from a look back at the past year to a look at next year and how to organize it. To that end, I created “The December Project” to help take stock of where I’ve been and where I’m going in order to hit the ground running next year.

These four basic questions are usually pondered one at a time, but when separated out, they help us to see things a bit differently. And when asked of your entire management team, these questions help foster an enlightening and productive conversation on the current state of the company and where it’s going. (Plus, their answers and perspectives just might surprise you…)

Q1 – What 2016 accomplishments are you most proud of?
This is tough for most entrepreneurs, as we rarely take time to pat ourselves on the back and usually focus only on the misses. But taking the time to reflect and expand on our wins reminds us how good we really are. It also allows your team to feel good and celebrate a bit too.

Q2 – What were your major challenges/failures for 2016?
OK, back in our comfort zone. We can create this list, but this time, write it down. You can then better discuss each in-depth in terms of what went wrong, and you can then learn from it and let all of it go—because it does you no good to enter the new year harboring past guilt.

Q3 – What are your key goals/focus areas for 2017?
To be sure, we all have an extensive list rattling around in our heads, so here again, write it down! This will prevent the pace at which business runs from combining with our short attention span and causing things to fall through the proverbial cracks. Plus, hearing your team’s list in its entirety helps you to prioritize the first quarter, ensuring a fast start to the year.

Q4 – What must you stop doing in 2017?
You may think this is the same as Q2, but it’s not. This is more about what tired old habits need to change going forward in order to grow and succeed. Just because it has worked since 2010 doesn’t mean it’s effective today, so identify those soon-to-be bad habits and let them go before they really cost you.

As always – these are my thoughts, I could be wrong. So, if you disagree or simply want to add to it, please do so. I look forward to the conversation.

Dwain – CEO Rider

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28 Nov I love my lifestyle but hate my business. What now?

hate-my-business-imageLife is about evolution in that your needs and desires change as you experiment, learn and age—and this natural state of growth can often cause difficulties in business. The very company that affords you the ability to raise a family, buy that motorcycle and take those great vacations is now the albatross around your neck holding you back from true happiness.

You’re in an endless Groundhog Day loop, and that’s a tough place to be. It’s caused many an entrepreneur to leave their company emotionally and physically looking for relief in all the wrong places. They begin developing real estate, invest in another business or start coaching others only to crash and burn because while their skills and experience may transfer to another venture, this stage of life isn’t about expertise; it’s about passion and focus.

Besides, after running the business for a decade or two, it’s a major part of who you are and how the world sees you. So the challenge isn’t about finding the new, new thing but instead figuring out how to continue running a business when you no longer want to.
I’ve worked with many successful entrepreneurs as they go through this passage, and each case is as different as the person going through it. There is no universal solution. However, here are a few tips that may help.

Take some time away. Tom Peters once wrote that we all need to take a minimum of 30 days a year away from the job, as the day-to-day pressures slowly whittle away our desire and cause us to simply go through the motions. Take a couple of weeks off in a row and go for a long bike ride, either alone or with a group of your peers, to get a different perspective on an old picture.

Re-define your job. During your time away from the business, create a “T-account,” listing what you love about your job on one side and what you hate about it on the other. Then take all the things you hate to do and give them to someone else.

Let someone else run it. This is taking the “T-account” thing to the ultimate level. If you’ve developed a great team or a successor, start handing over the reins. Just know that it’s a process and one that takes time and planning, usually 3-5 years. Not a quick solution, but at least you’ve now got a new finish line.

Find a new frame of reference. It may seem as if everyone else has it better, but know that 99.9 percent of the population would trade places with you in a heartbeat. Change your perspective by volunteering at your local Center for Entrepreneurship to work with younger (and hungrier) entrepreneurs. Not only will you remember what it took to get where you are today, you’ll also feed off their energy—and that can only be a good thing.

Re-define how and with whom you spend your time. Broaden your current circle by joining a peer group. There’s strength in numbers, and you’ll now have someone to talk to who doesn’t have a dog in the fight while realizing that you’re not alone.

Through it all, know this is a normal passage of life that only becomes a crisis if and when you don’t handle it properly.

Dwain – CEO Rider 

As always – These are my thoughts, I could be wrong. So, if you disagree or simply want to add to it, please do so. I look forward to the conversation.

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11 Nov Moving forward

Our national election may be over, but the debate continues in earnest, as always.

moving-forward-imageLike you, I have friends to the right of me and friends to the left – some who are happy and others who are not. But in either case, our success or failure still depends on the ability to identify and work with, around and through the new limitations or opportunities that come with this change.

Remember, it was a short eight years ago that the outrage and fear was on the opposite side of the aisle, and our country is still here … hell, we’re still here. So if you’re on the winning side, temper your elation; and if you’re not, work through your grief and anger ASAP because our country stands on the shoulders of entrepreneurs

This ain’t new — entrepreneurship is very much alive, and our products and services are needed now as much as ever. So let’s get our focus right and do what we do. There’s a country to build.

Dwain – CEO Rider 

As always  These are my thoughts, I could be wrong. So, if you disagree or simply want to add to it, please do so. I look forward to the conversation.

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27 Oct It’s that time of year

November is upon us and that means the beginning of the holiday season and end of the year. Yes, there are still a few things left to be done, but essentially the “hay is in the barn.” It’s that time of year when we begin to close things up for 2016 and look to the future.

october-2016-image
This year may well go down as the most challenging of my life and business career, filled with tremendous loss, creative challenges and huge opportunity — so I’m especially looking forward to its end and the beginning of 2017. Here are a few things I’m doing to close the year out in order for the new one to rock.
1. Cross my finish lines – We all have projects that have to roll over into the New Year, but make sure they are the right ones, as there’s nothing worse than bringing unnecessary business into the next year. So don’t let them slip through the cracks during the party season.
2. Reflect on the past year – It’s important to remember the lessons learned and celebrate the victories achieved throughout the year, so take time stop to think about them. I’ll clear my head by taking a long ride or sit down with a favorite cigar and libation … or both.
3. Reach out and thank those around me – A successful year is never a solo effort. There are those who contributed greatly to the cause, and there are those who, without that little nudge or opening, the big things couldn’t have occurred. Try not to forget anyone.
4. Look to the future – “2017 will be a good year if…” Answering that question pretty much identifies my key goals for the year.
5. The first 90 days – the first quarter sets the tone for the year, so what am I going to do on January 2? What needs to happen in February and March?
Remember, preventing things from falling through the cracks is as simple as stopping to think about what needs to be done and writing it down.
Cheers to a great holiday season!
Dwain – CEO Rider
As always – These are my thoughts. I could be wrong. So, if you disagree or simply want to add to it, please do so. I look forward to the conversation.

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