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 richest people. Examining the 2,043 billionaires for this year, I found it striking how many of the billionaires 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 to reach 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); there were a lot of these billionaires that were also in the Food and Beverage, Technology, as well as, Fashion and Retail sectors.
What do the 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 need be, just like all of us do in our small business. So, why aren’t we billionaires? Well, that’s the million-dollar question, isn’t it?
All these successful people figured out their vision and determined the detailed steps to get to their goal. They could look at the big picture and see beyond the mindless tasks that would most definitely deter 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 in front of them and changed to satisfy the need.
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.
How to Become a Visionary in Your Industry?
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.
Looking at 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 15 minutes brainstorming session on any area you wish. Pick the time of day that you feel least active. Sit down and 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 and 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 to honestly know if it works.
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 a lot 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 reading on How to become a visionary, here are some wonderful articles on the subject.
I hope this helps you realize that it’s essential to be a visionary when you own your own business. This helps you to also 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.
Please note these are affiliate links through Amazon, and at no additional cost to you, I will earn affiliate fees if you decide to make a purchase.