7-12-22 – Develop a Bias for Action

This podcast is sponsored by SBS Accounting & Advisors.  Use the promo code FLASH and get 20% off your set up fee!  https://sbsaccountants.com/.---------- NEWS ROUNDUP1The CBIZ Small Business Employment Index saw a seasonally adjusted increase of 0.29%.  In June, 29% of companies increased their headcounts, while 17% decreased their staffing.https://www.cbiz.com/insights/articles/article-details/cbiz-small-business-employment-index-showed-a-modest-gain-in-june---------- 250% of owners said they can’t find candidates to fill positions in the latest National Federation of Independent Business Small Business Economic Trends report.The Small Business Optimism Index dropped to a record low again, a trend that has continued unabated every month this year.https://www.nfib.com/surveys/small-business-economic-trends/----------  3Proposed legislation, called The American Innovation and Choice Online Act, may be stalled in the US Senate.https://seekingalpha.com/news/3855521-antitrust-bill-targeting-amazon-google-apple-may-not-exit-senate-before-summer-recess---------- 4On Wednesday, July 20, American Express will be hosting a free, all-day conference for small businesses to provide them with opportunities to learn from industry experts, leaders and entrepreneurs.https://web.cvent.com/event/7769dad5-6b21-4779-9fd7-1e1893ad9a6f/summary?RefId=PRP---------- FEATURE – Develop a Bias for ActionIn the bestselling business classic In Search of Excellence, authors Thomas Peters and Robert Waterman examined dozens of large companies and attempted to distill down the factors of their success.  Eight common attributes emerged.  Even though the research was published back in 1982, the wisdom still rings true today, and a lot of it is applicable even for the smallest of businesses.Let’s examine one:  Developing a bias for action.Here’s a quote from the authors:  “We have come to believe that the key success factor in business is simply getting one’s arms around almost any practical problem and knocking it off – now.”There are probably opportunities you’re missing because of inaction.Don’t let excuses prevent you from action.Foster the habit of experimentation – that kind that is results-focused.Make experiments short and manageable.  You don’t have to be overly committed.  When one experiment proves unsuccessful, scrap it.Fruitful experimentation also needs employee buy-in.---------- I would love to hear from you! Please email me at [email protected]. ----------Email me at [email protected] give me feedback on the podcast.Show web site:  www.smallbizflash.com