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Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.

How a Small Business Can Boost Strengths

8/8/2022

 
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By Jennifer Musser, JLM & Associates Consulting, LLC
Small business owners share many strengths. However, when we intentionally prioritize, delegate, and execute we don’t personally have to excel at all facets and details of running a business. Think back to prior jobs or schooling when we weren’t expected to specialize in everything. This concept applies to entrepreneurship. 
Do an Assessment

We can do ourselves a favor by taking inventory of our own strengths and weaknesses. Entrepreneurs typically share three superpowers:
(1) Courage – to carve disruptive paths
(2) Creativity – to craft unique offerings
(3) Curiosity – to explore value opportunities

As part of an honest assessment, we examine hard and soft skills to remove business success roadblocks. Entrepreneurs often share three areas that require assistance.
(1) Prioritization – thoughtfully allocating time to capture the most value
(2) Delegation – entrusting others to be responsible for assigned work
(3) Execution – completing the projects/tasks that need to happen within a certain timeframe

We can help ourselves, first by realizing we can yield superior results when we refine our own performance.

Get in Touch

Some big business concepts apply to small business smarts. For example, Peter Drucker wrote a thought-provoking article in Harvard Business Review “Managing Oneself” in which he instructed folks to develop themselves to chart their own course. Drucker encouraged readers to ask themselves some key questions, three of which are particularly relevant to the topic “How a Small Business Can Boost Strengths”:
What are my strengths?
How do I perform?
Where do I belong?

Drucker’s view is that successful careers happen for those who are aware of their strengths and how they best perform, making them prepared for challenges. By being aware of our capabilities, we can play to our strengths.

In the article “Managing Oneself”, Drucker says, “One cannot build performance on weaknesses, let alone on something one cannot do at all.” We are in control of our careers whether we work for a big, global company or our own small business.

Reach for Help

Small business founders often try to do it all. Creating. Planning. Leading. Hiring. Running. Number crunching, etc. This is not sustainable. This mode of operation causes stress, fatigue, frustration, and distraction. It’s ok to enlist support where needed. This means we are in touch with the health of our business. For example, if we are a creative type who doesn’t like or follow along with numbers, don’t try to be the company’s numbers guru. Hire one.

Reap the Benefits

​As the creative force behind our businesses, we must know where we excel today and where we need help to excel tomorrow. Figure out the strengths. Turn weaknesses into strengths by enlisting adequate support. Then, you will set your company up to perform better.
San Bernardino link
8/30/2022 03:30:08 pm

We are in control of our careers whether we work for a big, global company or our own small business. Thank you for making this such an awesome post!


Comments are closed.

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    Please Note: The views and opinions expressed here are those of the authors and do not necessarily reflect the position of the Morris County Chamber of Commerce.
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  • JOIN
    • Become a Member
    • Premier Membership
    • Membership Inquiry
    • The Value of Membership >
      • Grow Your Business
      • Build Your Brand
      • Professional Development & Education
      • Government Advocacy
      • Community Outreach & Volunteering
    • New Member Survey
  • About
    • Chamber Team
    • Our Mission
    • Our President
    • Board of Directors
    • Morris Business Cabinet
    • Ambassadors Council
    • What Members Are Saying >
      • Share a Testimonial
    • Frequently Asked Questions
    • Forums & Committees >
      • Business Development Forum
      • Business Strategy Exchange
      • Health & Wellness Forum
      • Human Resources Committee
      • Not For Profit Roundtable >
        • Nonprofit Donations
        • Not For Profit Conference Scholarship App
      • Real Estate Forum
      • Tech Trends
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      • Monthly Agenda Submission Form
    • Code of Conduct
  • Membership
    • Member Benefits
    • Member to Member Deals
    • Member Exchange Online Community
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    • Grand Opening Support
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    • Member Referral Bonus
    • Connect to Morris Job Bank
  • Events
    • Chamber Event Calendar
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    • COVID-19 Safety
    • Signature Events & Programs
    • Submit an Event Idea
  • Directory
    • Searchable Business Directory
    • Member Spotlights
    • Nonprofit Organizations >
      • Not for Profit Spotlight
    • Legal Resources >
      • Employment Law
      • Commercial Services
      • Business Representation
      • General Legal
    • Enhance Your Directory Listing
  • News & Info
    • Certificate of Origin
    • Business Resources
    • Chamber Magazines
    • News Around the Chamber >
      • Around the Chamber Archive
      • Submit a Press Release
      • Submit a Neighbors Helping Neighbors Story
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      • Contribute to Our Blog
    • MCTV Let's Talk
    • Actionable Advice Video Library
  • Programs
    • Economic Development Corp
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    • Public Policy Series
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