Monday, November 7, 2011

So what is the key to success for a young business entrepreneur?


Recently I read an article about a woman that started a restaurant business in Canada in 1987. She is Cora Tsouflidou and is the founder of Chez Cora and Cora’s Breakfast & Lunch Restaurants. They now have over 100 stores in Canada and are looking at further growth.

In the article she stated that young entrepreneurs should be dreaming less and have more discipline in their business. So what is the discipline that she speaks of?

Discipline by definition is controlled behavior or self-control. That means having a plan or a way of executing all aspects of your business. It is not flying by the seat of your pants and hoping that things work out right.

How do you get this discipline? It starts in the training or orientation process. Let me give you an example. Have you ever baked a cake? Let’s say if the recipe stated that you put 1 tablespoon of baking soda and you put in 1/2 of a tablespoon? What would be the result? According to my spouse the cake wouldn’t rise. It is the same when you do inappropriate things at the wrong time in your work. So discipline is needed. It is so important that an Operations Manual must be developed for all aspects of your business.

What actions can you take today to become a more disciplined business?

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