In my first meeting of 2020 at Radio Guerrilla, Sorin Badea asked me to propose a few new year’s business resolutions.
Even though I own a business advisory company which is concerned with detailed financial analyses and multi-million-euro investments, the articles I write and what I share with the Guerrilla Camp contenders contain information outside the financial realm and goes beyond subjects such as how to plan a budget, what is the difference between income and inward cash-flow or what types of funding opportunities can a company access.
Numbers never lie, but at the same time, they are the result of the entreprenreurs’ business philosophy. If there is an error in the rationale of the entrepreneur, let alone if he is not an individual willing to perfect himself, his company has no long-term future perspective.
Therefore, I came up with three daring resolutions:
1 – Continuous improvement: the entrepreneur should never cease to be in control of all aspects of the business life: from bearing the effort and understanding the importance of networking to familiarising himself with all kinds of business issues from fiscality, accounting, law etc.
2 – The choice is ours. Our actions are the outcome of our choices, a realization that can induce fear. However, it is important to be aware of the moments when we are afraid. If we let the feeling of fear rule our thoughts and course of action, we terrorize our employees and our clients will definitely notice it. However, when we choose to act with care and compassion for all the involved parties, our decisions will be genuine, crystal clear and constructive.
3 – Time should no longer be our exchange currency. You will quickly understand what I am referring to if you resonate with the frustration of paying employees for 8 hours when, in fact, 2 hours are spent enjoying breaks. We pay per hour, not for the number of tasks completed. To give you an example, when I was a student I worked: part-time during the school period, full-time during the summer break and when classes started again, the HR manager decided I should be paid full-time because even though I went to courses, I always finished my tasks on time. This manager understood that time, as a quantitative unit, is not more important than how people are using their talent and energy, productively, in a given time frame.
Let’s shift the paradigm and think in terms of the invested energy and effort and not in the number of hours spent doing a certain process – energy, not time, is the most valuable resource! Time is always flying when you’re doing something with all your heart and you stop counting hours.
In 2020 – we chase progress, we do not let fear coordinate our actions and we appreciate the final result and its quality as opposed to quantifying it in hours.
What do you think?