As entrepreneurs, we’re all seeking success. Some of us want to use it as a vehicle to propel social change, some want to be rich and some just want to own a successful business that provides financial stability. It doesn’t matter what grand vision we have for ourselves, our business or our impact on the world. The Silicon Valley founder and the electrical contractor, despite following completely different paths, have one thing in common – they both need to pay the bills.
In the pursuit of bigger profits and healthier margins, a business can often lose sight of what really matters. When the first business plan is drawn up, it all looks so straightforward on paper – the ultimate purpose of the business, sitting atop the organizational pyramid, trickles down into the strategic, tactical and operational approaches of the business, all aligned in perfect harmony.