3 Business Rules for Today and Always
Normally, once Saturday Night Live is over, I’m busy doing something. As a night owl, I’m often off the sofa and into my office to work on my lengthy to-do list. But, a few weeks ago, I was a bit tired and didn’t get up before the next program began. And, I’m very glad!
Immediately following SNL, at least in this market (Las Vegas), is Your Move with Andy Stanley. Now, I’d only seen the program a couple of times, but that night’s talk really hit home, with one slight twist. Stanley was addressing viewers to make changes in their personal lives. However, I had my business hat on that day and before he spoke a word, once I saw the bullet points on the screen, I immediately went into entrepreneur mode.
Stanley wanted you to look deep inside you to make the changes necessary to become the person you’re desiring to sit across the table from you, the perfect mate. If viewed from the other’s perspective with your checklist, do you match up? I’d heard this advice before, but my business brain was running a mile a minute on his bullet points. So let’s take a look.
Here are Andy Stanley’s Three Rules:
- Get out of debt
- Stay out of bed
- Clean out your closet
Now, aside from the first one, you may be wondering how the next two apply to business. Let’s take them one by one.
Get out of debt. Some people advise you to leverage, leverage, leverage. When it comes to debt, I’m advising to be debt-free. The less debt you have, the more control you have over your company. As a solopreneur or small business owner, if you don’t owe anyone money, then you have more money to keep the doors of your business open longer. You’ll make wiser decisions because if you’re spending your money and not someone else’s, you are apt to be very cautious when signing on the dotted line. If you’re debt-free with savings in the bank, you have a more solid foundation on which to grow your business.
If you have a type of business that requires a large capital outlay and it will be a few years to get those loans down to zero, at least pay off your personal debt. Your individual credit score might be required in order to secure financing for your business. And, if you’re looking to woo a potential partner, investor or company to acquire your business, the prettier the balance sheet, the better chance you have of finding that perfect one that checks off all the boxes on your list.
Stay out of bed. Here, Stanley was suggesting you not sleep around, and while that’s good advice for the business environment as well, I immediately thought in different terms. If I were to use this bullet, I would say Get out of bed.
So many people start a business not knowing the immense amount of time and effort required just to get it off the ground, let alone maintain. If you’re lying in bed instead of working on your to-do list and reviewing your goals to see where you can move forward, your business is doomed.
You don’t even have to own a business to make sense of this advice. Taking the time to improve your skills, get a better education, network with people in your desired industry, research requirements for the job you want – they all require that you spend some time in the full upright position.
I’m not advocating you never take time off. On the contrary, rest is essential to having the endurance to be a successful business owner. Lazing around and complaining that nothing ever goes your way will have quite the opposite effect.
Clean out your closet. Dealing with past emotional baggage was the point Stanley was making here, and that’s not bad advice for a business owner. However, I took it literally. Clean out your closet. And your basement. And your garage. And any other place that’s cluttered! Clean!
Why clean? First of all, a clean environment is healthy and conducive to inspiring thought. If you only see clutter around you, your brain has a hard time slogging through the mess before it can focus on creativity. If you’re looking at a clean and organized interior landscape, surrounded by things that make you happy, your starting point for work is significantly better.
Some people say they can’t find the money to start their business. Well, it might be sitting in your garage or the back of your hall closet. Clean out and sell items you’re not using. You might fetch a few thousand, or at least a few hundred, which could be enough to get your website going and business cards designed and printed. Accomplishing a whole house cleanout will also boost your confidence to accomplish those sometimes-scary business tasks. Just don’t waste the money you gain. It can dribble in as things may sell one by one and take a period of time for everything to sell. Set the money aside so you have all the dollars ready to work for your new business.
As you can see, the same words can mean different things to different people, depending on your perspective and state of mind at the time. Andy Stanley was working on your spiritual self while I saw the words from a business perspective. Still, good advice whichever side you’re on!
What are your thoughts? Can you relate to any of these three scenarios? I’d love to hear about your experiences.