Employ Strategic Thinking to Become a Better Leader and Entrepreneur with Alex Nesbitt

Running a business can be a daunting task. There are so many things you need to do, that it’s easy for your business to fall behind. As an entrepreneur, you might want to hire employees to help keep your business running smoothly. How do you run your business? How is it different from running a home, or a school? What are common mistakes business owners make and how can we avoid them? Tune in Dominate Your Market Podcast as Alex Nesbitt discusses how firms may maintain and improve their systematic functionality.

Summary:
Many businesses start to fail when they miss a particular step in managing, one that can greatly affect their business. If you are a business owner, do you already know how to handle these mishaps properly?

Alex Nesbitt is an experienced mentor who helps CEOs and executives become better leaders, he helps them become strategic thinkers and mentors them. With over 30 years of experience, he has mentored big companies already.

Quotes:

• “We can choose to have intention, or we can choose to have known what we want to get done. Now, the question is what’s the mechanism to make that work?”
• “If you want to shift behavior, you have to raise the mean, you have to raise the bar”
• “To innovate, you have to move up to some of the level you have to take the whole system of your life to a whole another level.”
• “There’s this inner intermediate step between innovation and acceleration called the regulation”

Takeaway:

• Running a business is fundamentally difficult because it requires you to maintain an abnormal state, which is why it requires a lot of work, constant care for the firm, and not simply sort of cashing out all the time.
• As long as you treat the bottleneck as the system’s heartbeat and prioritize it above everything else, you can use one bottleneck to govern the entire system, which is where limitations truly work to your advantage. The rest merely serves to support that. Making that one component function properly simplifies, regulates, and makes the entire system predictable.
• Ask yourself whether you are above the line. Are you being a builder, an actor creator, or are you being a reactor and understanding your objective?

Timeline:
5:31 – Alex’s background
15:05 – Making it Work Systematically
18:39 – Raising the Mean
23:10 – Handling Constraints in a Business
31:42 – First step of innovation
40:29 – Entrepreneurs Mistake
45:04 – Three questions you should ask yourself

Resources:
Alex Nesbitt’s website: https://www.alexnesbitt.com/
Alex Nesbitt’s LinkedIn: https://www.linkedin.com/in/alexnesbitt/