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While reading Forbes magazine recently, a featured article called “The World’s Billionaires.” It’s the 30th anniversary of their guide to the world’s wealthiest people. Examining the 2,043 billionaires for this year, I found it striking how many were self-made. In the US alone, 68% of the billionaires were self-made. These were people (men and women) who were not born wealthy. With their brilliant ideas and focus, they could break through and succeed in reaching their goals.
Now, the vast majority of these billionaires made their billions in the finance and investments sector (which is an area that screams mathematician and statistics geniuses); many of these billionaires were also in the Food and Beverage, Technology, fashion, and Retail sectors.
What do all billionaires have in common?
While reviewing the list, I realized they all had one thing in common: They were all visionaries. They did their research, determined what worked and didn’t work, and course-corrected their business as needed, just like all of us do in our small businesses. So, why aren’t we billionaires? Well, that’s the million-dollar question, isn’t it?
Seven areas to help become a visionary
All these successful people figured out their vision and determined the detailed steps to reach their goal. They could look at the big picture and see beyond the mindless tasks that would most definitely deter them from the goal. They were able to determine the steps to get there. And they were able to adjust their path as needed. They also asked for help through this process. They looked beyond what was before them and changed to satisfy their needs.
This is possible for anyone if we take on a visionary persona by following these seven ways to become a visionary in your small business.
Know your business inside and out.
Know what your business has done. Review and know your expenses and income. What service do you offer that is the most profitable? How much money do you spend on different areas of your business?
Rethink all areas of your business.
Look at the different areas of your business as if you were new to it. Pretend you are the boss in the Undercover Boss show.
View your business from the customer’s perspective.
Put yourself in your client’s shoes and see what they are seeing. Notice all the activities. Some you may be taking for granted. Others may have forgotten a crucial step that may impact your entire business. Revisit, revisit, revisit all areas. We get complacent and forget these areas are critical.
Change up your daily routine.
Instead of going to work early, try working later in the day. Do tasks that are more difficult in the morning or the afternoon.
Brainstorm writing each day.
If you feel this is difficult, start with a 15-minute brainstorming session on any area you wish. Pick the time of day that you feel least active. Sit down, have a nice cup of your favorite beverage, put some music on, and write. Write about anything and everything. It doesn’t have to be all about your business. Learning to brainstorm is a skill that needs to be practiced.
Implement your vision.
Break down each step and see if it will work for your business. Asking others to walk through the process will give you a third-party perspective and allow you to know if it works honestly.
Work with your team, whether you have subcontractors or employees, and make your meeting as effective as possible, creating ways to have tangible tasks for the appropriate person to handle before the end of the meeting. So, in the next meeting, you can see a process toward the vision. Read more about effective meetings in my blog post: How to Have a Small Business Effective Brainstorming Session.
Be able to express your enthusiasm about the vision.
Write down the process and why the change will make a difference for your customers and your employees, and of course, yourself.
While these steps may be easy, they can take up much of your time. Scheduling time in your week to do these steps will give you the confidence and strength to pursue and accomplish what needs to be done to achieve your goal.
For more information on how to become a visionary, here are some excellent articles on the subject.
5 Steps for Becoming a Visionary Leader
Three tips to becoming a visionary leader
You Can Learn To Be The Next Steve Jobs: Nine Ways To Become A Visionary
How to become a visionary in five easy steps
How To Become A Visionary Leader (Without Really Trying)
I hope this helps you realize that being a visionary is essential when you own your own business. This also helps you to move beyond the day-to-day and see the big picture. Let’s continue the conversation; please share below if you are a visionary. If you are a visionary, please share any tips you may have.
Need help with your small business? I can help! Feel free to visit my summary page to see how I can help you and your business achieve your goals.
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Jen Monks says
I need to change up my routine. That sounds like a great suggestion. Thanks for the inspiration!
Janet Barclay says
As I’m not a big picture thinker by nature, this is very helpful – thanks!
Sabrina Quairoli says
I’m glad this helped. Thanks for commenting, Janet. You’re the best. =)