Take a Step Back from Your Business
If you can't take a step back from your business, you can't grow your business. What does this mean?
It implies that if you're always at the counter and don't make time to analyze what could be improved, you'll never improve.
The goal is to take a step back, so you can see the big picture and make decisions that will help transform your pawn business and help you stay ahead of the curve.
This isn't easy to do if you're constantly putting out fires, but it's crucial if you want to grow your business.
When was the last time you stepped back from your business and took a look at it objectively?
If you're like most pawnbrokers, the answer is probably "not recently."
It's easy to get bogged down in the day-to-day operations of your business and lose sight of the big picture. But if you want to stay ahead of the curve, it's important to take a step back every now and then and assess your situation.
Take a step back from your business and get some perspective.
It's easy to get caught up in the day-to-day operations of your business, but it's important to take a step back every now and then and assess your situation. When you take a step back, you can see things that you might not have noticed before and make changes accordingly.
When I did the Boardroom event last March, one of the attendees run multiple store locations never spent anything on marketing. When I asked why the answer I got was they didn't what would work. So during the two days, they were in the Boardroom, I taught them exactly what numbers to look at, their metrics, how much to spend and invest in marketing, who to do the marketing, and more. There were big AHA! moments and realizations of "if I didn't take the time off and of being out of the store, to be able to learn something, then I wouldn't have gotten this education I need."
Your business won't grow unless you grow.
Take a step back, and assess what's working and not working in your business. If you don't have the time or knowledge to do it, then it's high time to invest in yourself! It will be the best investment you ever make in your business. And if you're worried about the cost, consider this: if you don't transform and stay ahead of the curve, your competition will put you out of business. There's no price tag on that! So take a step back from your business and invest in yourself and your future. It'll be the best decision you ever make.
What are some other areas where you need to take a step back and assess? Are there any areas in your personal life that could use some attention? We'd love to hear from you!
Yigal Adato
Yigal is a 3rd generation pawn broker, and is now a mentor, coach and educator with the pawnbroking industry.
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