If you are an entrepreneur, you know full well that clarifying your vision is one of the hardest things to do, because it can be so broad and often overwhelming.
If you related to that first statement, I am sure you also know that without a clear vision of where you want to go, it is extremely easy to get “shiny object syndrome” and focus on small, insignificant tasks and metrics.
We would all benefit if we knew how to simplify our vision so we could more easily achieve it.
Simplify to win!
Even though there are so many variables that can go into your vision for your business, there are only a vital few that will make the difference between whether or not you get there.
To understand what those vital few things are, we need to apply the 80/20 rule (aka the Pareto Principle) which states “for many events, roughly 80% of the effects come from 20% of the causes”.
Once you are able to narrow your vision down, you will realize there are a2-5 key drivers that you will want to track relentlessly, as those will make or break what you are trying to achieve.
But why is it that our visions are rarely formed into financial pictures?
The cause most likely is that when we do get to look at our finances, it just looks like one big spreadsheet of numbers that hardly tells you where you are, let alone where you need to be going.
Focusing on the essentials.
“Essentialism is not about how to get more things done, it’s about how to get the right things done. It is about making the wisest possible investment of your time and energy in order to operate at your highest point of contribution.” – Greg McKeown
Ask yourself this…
What is preventing you from getting to where you want to go? What are the key things that would make a difference for you and your business?
Narrowing your focus on to what is important is never an easy task, but it is almost always a beneficial one. Lao Tzu says “To attain knowledge, add things every day. To attain wisdom, remove things every day”.
To get to your desired 80%, you have to be laser-focused on the essential 20%.
Interested in learning more about how to connect your goals and vision with your financial metrics? Schedule a strategy call with Kahuna Accounting and we can discuss best practices for driving cash flow, profit, and growth!Schedule Discovery Meeting