Breakdown of the Pros and Cons of Working on the Business
Navigating the business world often presents a significant crossroad: should you work in the business or on the business?
On one hand, working in the business typically means dealing with day-to-day operations, customer service, and the nitty-gritty details that keep the wheels turning. It's hands-on, it can be gratifying, but it can also be time consuming. Perhaps it saves on cost, but there is always an opportunity cost!
On the flip side, working on the business involves strategic planning, looking at the big picture, and setting the stage for growth and innovation. It requires a step back from daily tasks to focus on long-term goals, development, and sustainability.
Like most things, the key to success lies in finding the right balance - depending on what stage you are at in the journey.
I'm curious to hear from business owner-operators! What strategies have you used to effectively toggle between these two roles in your business? What tips can you share?
Neil Sayer
Business Coach
Offering a track record of coaching & hands-on CEO leadership that results in serious growth & profitability for SME companies.
With 40+ years’ experience, I understand the essential elements that drive growth and bottom-line profitability; what works and what doesn’t.
CEO of 2 leading New Zealand SME’s - Glidepath and Stormwater360 - for 6 and 5 years’ respectively; leading both to record results.
Business Coach for 10 years working with a whole range of SME business owners.
20+ years in a range of mid- management positions in the private and public sector - spanning business development, commercial management, sales &marketing.
International experience across Australasia, North & South America, Southeast Asia and the UK.
Education
BA Economics (Honours) - Manchester
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