This year I took all my money and just bought equipment and made no money
What is your view on this? Was this a good thing or a bad thing? Did you plan this out or did you realize this at the end of the year?
My problem has been mismanagement and growing faster than the business could sustain itself causing an ultimate implosion of the business.
What's crazy is, we always want more more more. Bigger, Stronger, Faster.
We don't just want a Pepsi, we want a MONSTER energy drink. We want to supersize everything.
We want the fastest car or motorcycle and once we get on it, we want to hammer the pedal to the floor.
The problem with all that goes back to the old saying 'power is nothing without control.'
What that can mean in business is, we want everything big and new. As many crews as we can get. As big of properties as we can get. Yet we focus on the big and don't focus on the control.
Control is the last thing we ever worry about. Whether it is understanding our cash flow. Understanding how to manage our business. Understanding how to manage our employees.
I think the reason why we never seem to worry about control, is because control is not something big and physical in front of us. It is more of a concept. You don't necessarily see it in other businesses when they drive by or when you drive by them. You simply see, mowers, trucks, employees, and buildings.
You don't see the infrastructure laid in place over years of trial and error. You don't see how the office is run. You don't see if the owner is enjoying running his business or pulling his hair out daily.
If we realized more that we needed to learn more control, we would focus on it more and affirm that it is something we need to pay more attention to.
Their are entrepreneurs out there that make it all look so easy. That is because they have systems in place to make operations smoother. You can do it too. You just have to acknowledge control is something that needs to be part of your focus. As you look into it more and research it more, you will find ways to organize and streamline your business structure.
Realize control is an issue before it becomes uncontrollable.