Are there really only three ways?

I’ve been wracking my brain to find a new one, but there’s no way around it.  Although there are hundreds of specific approaches, when you distill them all down, there are only three ways to expand a business.  Three main ways, and only three.  What are they?

1. Sell more to your existing customers
2. Find more new customers
3. Merge or acquire your competitors

You might ask, “What’s the point of talking about three when there are ‘hundreds of specific approaches’?”  That’s a reasonable question – it’s easy to think consolidating them obscures the opportunity.  But in fact, it’s just the opposite.

I just had a fast lunch at Panda Express (you know, you can substitute steamed vegetables for rice or lo mien, making this almost healthful). At the end, I cracked open my fortune cookie which said:

Counting Time Is Not So Important As Making Time Count.

I had to re-read it a few times to be sure, but I find it profound. Perhaps not the first part, but Making Time Count. That’s my new time management mantra.  Make sure that the time I have available, whether it’s 4 hours a week or 60,  is well used and never squandered.

Yesterday I wrote that “perfection prevents progress,” and that was a mis-statement.  Just as “money” is not the root of all evil, but “love of money” may be, it is “perfectionism” that prevents progress.  Perfectionism is the love, desire and single-minded pursuit of perfection, and that is what truly slows things down. Perfection is great if you can have it.  Just don’t spend too much time going after it.

How many times have you said, “This (fill in the blank) still isn’t perfect…?”

I’m not guiltless – I find myself saying such things and try to stop myself in mid-sentence before the P-word gets out. I find that perfectionitis — as it’s called in the medical profession — is the number one impediment to my writing. I don’t mind speaking “imperfectly” but I struggle with publishing words that aren’t perf…. Argggghhhh, I can’t say it. P-P-P…

It doesn’t just slow writing, but marketing, product development, seminars, new ideas — it slows down everything.  Dedicated perfectionists would say that’s a good thing.  I say it slows down progress.

Your number one job as an extraordinary entrepreneur is to have an extraordinary vision.  Your number two task is to execute until that vision comes to life. 

If your vision is important enough you most likely can’t do it all yourself.  That’s why you build an organization in the first place. If you’re more of a lone ranger you have contractors, or outsource relationships, or joint venture partners.  Problem is, once you have these relationships, these people must be in action or you get nothing.

Key question: Does anyone do anything meaningful without someone asking him or her to, and without them promising to it in return?