A year ago I paid $500 for a short meeting with a local multi-millionaire. I’d like to share with you the best advice I received:
"Acknowledge your Weaknesses but focus on your Strengths."
How does that translate to you and your business?
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Say for example you are great at sales but dislike at paperwork. Focus on your strength – sales and hire a PA or an admin person to do the paperwork. Or, say you’re great at managing people, but not consistent with your sales activity (it’s not your passion). Solution – hire a salesperson/team and manage him/her/them. |
In business all tasks are important: marketing, sales, production/delivery of your product/service and admin. So you have to cover them all – either yourself or hire people to cover your weaknesses.
I realised that being regimented at sales calls is difficult for me. So I have my own appointment setter.
How would you rate your Strengths and Weaknesses on the list below? What could you do to counter your weaknesses and build on your strengths?
| BUSINESS SKILL | YOUR RATING |
| Marketing skills | |
| Negotiation skills (ability to make deals) | |
| Sales ability | |
| Organisational ability (having a well run business) | |
| Management ability (being able to lead others) | |
| Operations ability (being able to make / provide what the business sells) | |
| Administration skills | |
| Systemisation skills | |
| Analytical skills | |
| Financial skills (the ability to understand financial statements) | |
| Add others here… |
