Ep. 108 - Avoiding the Entrepreneurs’…Squirrel…Trap

One of the strong suits of the entrepreneur is their vision. They see the possibility even when others think it’s impossible. Tons of ideas are constantly racing through their…Squirrel!...heads. Unfortunately, that can also be the trap that keeps them from building a great business. Vision and creative ideas are absolutely necessary but it doesn’t mean you implement them immediately or all at once. 

Moving too quickly from one idea to another causes a lot of starts and stops. This creates a lot of unfinished projects. Entrepreneurs are known as great starters but not great finishers. 

So how do you avoid the entrepreneur trap and become a great finisher? That’s what this episode is about so take a listen. 

As a thank you for listening, we want to give you this free guide on balancing business and marriage better. Click the link and download now. https://www.powercouplesbydesign.com/balance-business-marriage-better 

Key Takeaways:

• Vision is essential

• Entrepreneurs are great starters not good finishers

• One particular company that was flat at $1million/year because they went from one idea to another. Never fully finishing one.

  • Drives the staff crazy

• How to stay on track while keeping the vision alive

  • Good counsel

  • Establishing metrics/milestones before you move to the next thing

  • Have doers around you. - Administrators, managers, and executors

  • Leave them alone. Not get mad because they don’t do a lot of things at once or are “slow”

• The 6 month fade

• I lost by 10 points by quitting prematurely

• Long term commitment is important. Especially in marketing/advertising