As a business owner, you are the company’s most important asset. Of course you must invest in the maintenance of your business, an attractive work environment with training opportunities for your staff, quality products and guest loyalty. But above all, you need to invest in yourself! You are your company’s greatest asset and that creates obligations. Working in your business, yes, that is necessary, but working on your business is even more important.
Take a hard look at your marketing efforts, menu and leadership. And ask yourself this one question: is it all still up to date? Responsible business does not mean just being there every day to open and close your business, but making decisions based on newly acquired insights. Those who only consult their own social bubble are wrong. Go out one day a week and look around you. Follow workshops, go to networking events, attend interesting meetings, events, lectures and inform yourself. Also look at what’s going on in other industries, in retail, in e-commerce, on platforms. Gather knowledge that you can apply in your business. Guests will only be happy because they see an entrepreneur with vision.
The news that brown cafes are being hit the hardest right now should wake you up. Even these entrepreneurs can no longer get away with ‘this is how we have been doing it for years’. Those who think this way have always worked in their business and not on their business. They have missed the development with an empty business as a result. Because stagnation is decline. Did you work your whole life for that?
And agree: not every entrepreneur has the luxury of taking a whole day off a week. But moving with the times, you have to. And half a day or a few hours a week will get you far, too. If you believe it or the will isn’t there, then it’s time to pass on the baton or quit. That too is investing in yourself and working on your business.