Why running a business is like riding a mountain bike.
How is running a small business like riding a mountain bike? To become a proficient mountain bicyclist you must need to get good at some basic skills. Like the rider in the photo below you need to know where to orient your weight to accomplish a certain challenge. In mountain biking you need to learn the basic skills until they become automatic. When riding trails a good mountain biker does not look at the trail right just at the front wheel - they look out ahead to be able to anticipate obstacles and set up for them properly.
Beginning riders usually look at the trail just in front of them. Have you ever heard of an "endo"? That is where a bicycle’s front wheel hits an obstacle wrong stopping the bike. The momentum then carries the rider’s body over the handlebars essentially flipping them end over end hence the term “endo”. This happens with inexperienced business owners as well. They become too focused on what is happening now to see the upcoming obstacles. All too often this leads to a business endo. To prevent this the business owner needs to take a couple of lessons from the bikers. First, develop your basic skills until they become second nature. These skills include but are not limited to the following:
- Financial skills
- Managements skills
- Skills of objective observation
- Planning skills
Next, the business owner needs to trust their skills to navigate immediate obstacles and look out for upcoming obstacles so they can set up for them.
By doing this they can then rely on
the basic skills to get them through the day to day obstacles while they are
focusing on how to grow the business.
Too many small business owners get caught up working in their businesses instead of working on them. Only by developing the basic skill to an automatic nature can they navigate the day to day and still grow the business.
No business is ever stagnant it is either growing or it is dying.
There are many methods to develop the necessary skills. I recommend a couple of books that help a lot.
Robert Kiyosaki’s “Cashflow Quadrant: Rich Dad's Guide to Financial Freedom ” http://www.richdad.com/
Michael Gerber’s “The E-Myth”
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