By Bob Willbanks, CBIZ Inc.
Apologies to Clint Eastwood as Dirty Harry: A business owner’s got to know his limitations. New business owners have a tendency to do everything by themselves. At first it might make sense, especially when revenue is slow in coming. But successful entrepreneurs are those who figure out their weaknesses and seek outside help so they can focus on what they do best.
That is a trait we at CBIZ see among successful entrepreneurs. They recognize when a task has become a distraction and is hurting their business. Many of our Clients didn’t recognize the areas they were neglecting or needed help with until they took the time to meet with us. As we talk about their goals and the challenges they face, they begin to realize that they need additional help. That leads to broader discussions about insurance, benefits, accounting, payroll and HR issues; services they need now or will in the future.
I have spent most of my professional career helping entrepreneurs deal with these issues and believe I’ve helped contribute to their success. Along the way, I have learned a lot about how successful businesses run, how they make decisions and how they compete.
The following are some of the common traits that I believe are behind their ultimate success.