Are you too focused on one thing – whether it’s in your business or in your personal life, that you are missing something as obvious as a gorilla walking into the room? No judgments here. Over 50% of us subject to the intentional blindness experiment miss the obvious! That’s a sobering phenomenon that gets even the best of us, at times. No sense in hiding from it.
So, we have a problem - potentially. As highlighted often, the beauty of small business is that we are nimble! All that is required is to keep aware and leverage the tools available to us, of which there are many. One I swear by is the 80/20 rule. It was formulated in the late 19th century by the Italian economist Vilfredo Pareto. The “Pareto Principle”: 80% of results, work, etc. comes from 20% of causes, actions, work being done. This is not set in stone and will vary, but it’s a theory that holds true over time.
How can you use this to your advantage? Spend 80% of your time/effort/attention on the 20% that matters most – this can be activities, people, etc. Spend the remaining 20% of your time on the 80% that is everything else. In running your business, this rule aligns well with CEOs who focus on the priorities - the things that matter most. And let’s get real if you’re doing it right, that’s cash Xow and growing the company - so that it is not only sustainable but viable, long term. (PS: you can grow your income all day, every day, but what’s the point if you’re not doing so efficiently?)
We’re committed to inspiring and supporting our small business 5/17/22, 2(46 PM https://bigpicresults.freshmarketer.com/mas/ Page 2 of 8 community to make more in less time, and we hope those are a few tidbits you can implement today. If you want to go deeper on all of the above and more, hit us up!
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CDC Small Business Finance CDC Small Business Finance
A SBA lender, non-post and advocate for entrepreneurs LINK HERE.
QBO Capital QBO Capital
Offers short to long term Znancing tied to your QBO merchant account, fast, easy, capital based on what you process. More info (HERE) and schedule link (HERE)
Founders First Capital Partners Founders First Capital Partner.
Prepares and invests in under-represented PoC and women-owned businesses. Find out more info on their pitch contests, grants, and bootcamps: LINK HERE. Check out the Job Creators Quest grant for Pennsylvania/New Jersey: LINK HERE
Progressive Commercial Insurance Progressive Commercial Insurance
$25k towards purchase of a commercial vehicle to accelerate their $25k towards purchase of a commercial vehicle to accelerate their business. business. Must be 51%+ Hispanic owned. Applications open through June 17, 2022. Applications open through June 17th, 2022.
Our favorite resource for speciZc grant opportunities, has a Round Two of the 2022 Small Business Growth Fund, $5k grants
Webinars on Grants Webinars on Grant
CORE’s recorded webinar on How to Find and Get a Small Business SCORE’s recorded webinar on How to Find and Get a Small Business Grant Grant
CORE’s recorded webinar on How to Access Capital