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How do you Measure Success in your Business?

What does success mean to you and how do you measure it? Business owners measure lots of things but what is the real KPI for success for you?

I recently did a video interview with a person I am lucky to call a friend. He is not just any person though, because as well as being an unbelievable entrepreneur and a motivational speaker, he is also a 2-time world karate champion who trained many more to follow in his footsteps. His name is Ricardo Teichiera, and he is a Portuguese based business owner just like you and just like me.

The concept of measuring KPIs goes to the heart of being a business owner, being an entrepreneur, being a leader, being the best version of you that you can be. This impacts everyone who owns a business, no matter what walk of life, sector or niche they come from.

Let’s take a 7-day week, 24 hours per day; that gives 168 hours in total. Between sleeping, eating, self-care and just living, that it takes 12 hours per day so that is half your week gone and we now have 84 hours left.

Take that 84 hours and halve it. Let’s say you work 42 hours per week and there are 42 hours left for everything else.

Here is the true measure of success in your life and in your business.

Success is spending the minimum amount of time possible doing things you do not like doing.  Success is spending the maximum amount of time possible doing the things you love doing.

Of your working hours, how much time do you spend doing things you do not like? How much time do you spend doing things you hate? Assuming you do all your sleeping and all that other stuff in 12 hours, how much of your remaining 84 hours are spent doing things you love, and how much is spent doing things you don’t care for?

Look at your business, look at your life and draw out a pie chart of where you’re spending your time. What does it look like, and what are you going to do about becoming more successful.

So, wherever you’re reading this, please leave a comment. Find out more about me and what I do on theprofitpro.com. I always want to hear from you and what you think, how do you feel about your success / or what can you see that you can change today.  If you got any value out of this, please share it with your colleagues and friends. In the meantime, until I see you again, let’s get it done.