The Seven Attitudes to Success
Any entrepreneur will tell you that their main goal when starting a business is for it to be successful. It’s not always easy, but it has unique advantages such as working for yourself and determining your growth potential. One of the most exciting businesses to start is a remodeling business. The remodeling industry is booming with a total revenue of $99 billion, according to IBIS World, but that also means that it is a competitive industry with a lot of consumer demand. So, you might be asking yourself, “How can I run a successful remodeling business in a highly competitive industry?”
At DreamMaker Bath & Kitchen, we believe that there are seven key attitudes that are critical to business success. Imagine as if the keys to success were the keys to a safety deposit box. You have a key and your bank teller has a key, and you need both keys to open the safety deposit box to the treasures inside. Our treasures will vary, as they are based on what success means to us personally.
DreamMaker Bath & Kitchen treasures strong margins and quality of life. We define strong margins as the financial ability to recruit the best people, to compensate company owners for all the jobs they perform, to provide world-class service, to raise investment capital, and to show a strong net profit and equity growth. Quality of life refers to the ability to create free time for life pursuits such as God, family, friends, community and hobbies.
We believe that the combination of strong margins and quality of life produce happy owners, employees, vendors and customers. It is a win-win strategy for all involved. Here are the seven key attitudes that help us reach that winning combination:
1. Work Hard:
Success doesn’t come easy. It takes hard work and dedication, but it doesn’t have to consume you or your time. Put in 40-50 hours a week – no more than 60 – to achieve your goals. If it takes more, something is not working right.
“Good to Great,” the best-selling business book by Jim Collings, studied top-performing companies over the long haul. They all had this in common: disciplined people, thought and action. The ability to discipline ourselves to change, adapt and grow is critical. Discipline sets accountability for our work, which then increases the trust in responsibility within your team.
Be organized and know your numbers. This means updating them daily, weekly, monthly, quarterly and annually. It can be a lot of work to keep detailed data tracking, but it will help everyone get clarity on what drives business. Once the data is available, empower your associates to analyze the insights, identify the biggest business challenges and propose what their solutions are on their department level.
4. Applying Best Practices:
Find the best practice for each area of your business and make it the guideline. When applying best practices, you are creating organization within your business. When you create organization then you are able to execute projects in a more efficient and effective manner. Not only does it create efficiency throughout an organization, it provides credibility. Your strategies will be more recognizable and understandable to your team when they see your practices being most effective to the business success.
Do it right and do it the best that you can. Excellence is not achieved overnight. In fact, it takes three to five years to change a lifestyle, because it is made up of hundreds of individual habits. A business has a life to it as well. Making a change to a business is like exercising, you start to feel the results quickly, but the entire makeover takes time.
When setting goals for your business you must believe in your heart that you can accomplish them. Have faith that you will succeed. If you don’t have that faith, then take action to change that today. Look for a resource like a business coach or consultant to help you implement a plan to accomplish those goals. Look for other systems and business opportunities to help you reach your goals.
Have passion for what you do and accomplishing it “passionately”! This doesn’t mean you have to go around hyped up all the time, however you should maintain a certain intensity, drive and urgency about your day’s activities. Don’t settle. Choose to live passionately and encourage those around you to do the same.
Starting and running a business is a lot of work, especially when starting a business in an industry like remodeling. It takes discipline to do everything, diligence not to give up, searching out and applying best business practices, striving to do everything with excellence, having faith it can be done, and having passion and purpose behind that passion, otherwise it would just be a job. These seven key attitudes have been the road map for success in business for DreamMaker Bath & Kitchen. If you would like to learn more about starting your own remodeling franchise, click the button below to download our Free Franchise Kit.