Part 4: Deliberate Practice for Business Growth
We mentioned before that Deliberate Entrepreneurship practice is not just about business. Foundational to the concept of Deliberate Entrepreneurship is that it connects your personal and professional lives, and you can’t imagine one without the other.
But in this chapter of our guide, we’d like to focus on what Deliberate Practice can do for business growth.
Focus
There are countless business opportunities out there. It can be tempting to try and pursue them all, but that’s not always the best strategy. Instead, it’s essential to focus on the opportunities that have the potential to make the most significant impact.
For example, if you’re a small business owner, you might be tempted to pursue every social media platform out there. But instead of spreading yourself thin, focusing on the one or two platforms that have the most potential for reaching your target audience might be more effective.
The focus might be the most underrated entrepreneurial superpower, but trust us – if you can harness it, you’ll be unstoppable.
Capabilities
Another fundamental aspect of Deliberate Entrepreneurship is maximizing your capabilities. This means developing your skills and knowledge so you can be the best at what you do. It also means setting your business up for lasting growth rather than pursuing short-term gains.
Learning how to make the best out of what you already have can help you move your business forward significantly without overspending. Think about tools, connections, processes, and products you’ve already mastered. Each and every one of these aspects can be improved at a fraction of the cost of setting up new systems.
Networking
People have equal opportunities. It’s as simple as that. The more people you know, the more chances you can find the right business opportunities. But this doesn’t just apply to business partners; your team member and your friends can be just as valuable stakeholders in your success.
The key to networking is building genuine relationships with the people you meet throughout all stages of your life. You never know when one of those relationships might turn into a profitable business opportunity. Furthermore, understanding what drives people around you and what they care about can help you tap into their potential, which will give you change to help them grow too.
Feedback
A solid support network makes it much easier to succeed as an entrepreneur. This means finding people who will give you honest feedback and hold you accountable for your goals.
A great way to start is by joining an entrepreneur accountability group or a mastermind. These groups typically meet online or in person, providing a safe space to share your ideas and receive feedback.
Another way to get support is by working with a business coach or consultant. This can be an invaluable investment, as they can help you troubleshoot problems, connect you with resources, and keep you accountable for your goals.
If you are still looking for a community of your own and want to learn how to put the principles of Deliberate Entrepreneurship into practice, consider joining our Deliberate Entrepreneur Community. This is an online membership group that provides access to resources, accountability, and support to help you create success on your own terms and grow your business with intention. We would love to have you join us!
Prioritization
As a Deliberate Entrepreneur, you have to be able to prioritize. This means knowing what’s important and what can wait (or be delegated). Just like with focus, prioritizing taps into your ability to work on the tasks that will significantly impact your business.
What is the difference between focus and prioritization? It’s simple: prioritization helps you choose the most valuable tasks, and focus helps you stick to them when there are distractions.
The two go hand in hand, and if you can master them, nothing stops you from achieving your business goals.
Lasting growth
You’ve learned by now that Deliberate Entrepreneurship is a long game. It’s not about quick wins or short-term gains; it’s about building a solid foundation for lasting growth.
This is a literal foundation, like the one that houses have. The stronger the foundation is – the taller the building can be and the more it can endure. Without a foundation, it will eventually crumble.
The same goes for businesses. A business with a strong foundation – a team of experts, a clear vision, and a robust strategy – can weather any storm. Yes, you can always reach for the low-hanging fruit and get some quick wins, but if you are aiming for something bigger, you need to think long-term.
So there you have it: Deliberate Entrepreneurship is the way to go if you’re looking to set your business up for lasting growth.
Now that you know all there is to know about Deliberate Entrepreneurship and how it can help your business grow, it’s time to put the concept into practice.
