As I was flipping through an old issue of Success Magazine I re-read an article that outlined Jeremy Jacobs’ Business Success Strategies for Growing and Going.
Mr. Jacobs is the owner of the Boston Bruins, and the Chairman and Chief Executive Officer of Delaware North Companies. He took over his family’s business at age 28.
From there, he grew the company into one of the largest, most successful privately held companies in the United States. In fact, Forbes Magazine ranks Mr. Jacobs as #746 of the world’s billionaires.
Below is a list of Mr. Jacobs 6 Business Success Strategies for Growing and Going:
- Do what you love. More than anything, Jacobs says, success is built upon a passion for what you do. If you’re just in it for the money, you’ve set yourself up for failure.
- Look at the big picture. When the economy collapsed, Jacobs began to look for bargains, but not at the expense of his core business. Be prepared to snap up deals, but don’t let a good price cloud your judgment.
- Find like-minded people. Jacobs looks for driven, competitive, thoughtful people who like to be challenged. But he also wants them to be invested in the business. “If you can find people who like what you’re doing, those are the people to put in place to give you the room to do the things you want to do,” he says.
- Don’t get bogged down. “Be aware of how your competitors function so you can rate where you’re going,” Jacobs says. “If you’re too involved in the day to day, you won’t see those competitive environments.”
- Tell it like it is. For better or worse, Jacobs is known for speaking his mind. At least his people know where he stands on issues, he says.
- Be consistent. “You need to be predictable – predictable to those people who work for you,” he advises. It helps them and gives them direction on where you’re going. If you’re not predictable, people have the tendency to operate with fear and not confidence.
So how would you rate your Business Success Strategies for Growing and Going?
1. Do you have well-defined business development strategies?
2. Do you implement your growth strategies in your business on a daily basis?
3. Is your small business growth meeting or exceeding your expectations?
If you answered “No” to any of the above questions, then it is time to make some changes in your business growth strategies.© Copyright 2013 Laureen Wishom