What's Your RROI?
Legacy signals
Legacy popularity: 1,153 legacy views
You’ve had numerous conversations about your ROI—the Return on Investment—your company achieves.
But what about your RROI—the Redefined Reality on Investment—you achieve?
Think of your RROI as what’s different—new and improved—about your business and lifestyle since you started your company. If you previously worked for someone else, what’s better now that you own a business?
A desire to Redefine our Reality is the #1 reason most of us buy or create our own company. But is your investment of time, energy, and money redefining your reality in the ways you imagined?
Give your attention to three key areas within your business to truly Redefine your Reality through your Investment:
Unique Contributionr
What primary activities do you invest your most valuable resources—time, energy, and attention—in daily?
Are they activities that are uniquely yours, i.e., tasks that you do best, that maximize your profits of money and lifestyle? Or, are they lower-producing duties that someone else could do, either outsourced or by an employee?
We all start out doing everything, which is part of the entrepreneurial blessing and curse—blessing because at first, we feel the need to do it all; curse because we’re just good enough to think we have to do it all the time.
You define your USP—Unique Selling Proposition—that distinguishes you from the competition. Have you defined your UCP—Unique Contribution Personal—that you make to your business that is yours and yours alone to do?
To grow your RROI and receive the lifestyle you want, define your UCP and be vigilant in outsourcing or employing everything else.
Core Valuesr
How do you achieve your unique contribution daily at work?
For many of us, we start with high ideals, expressing our desire to do business differently; core values like integrity, honesty, commitment to exceptional customer care, etc. But after we do business a while, we get worn down, particularly if we are still doing it all. Less beneficial core values sneak into our practices.
These unpreferred core values come in via the cracks of our business kind of like the “stink bugs” that somehow keep finding their way into our home this spring. Despite our best efforts to seal and spray, these odiferous critters show up in the strangest places.
What stinky core values creep into the way you do business? The intense pressure this negative world brings to bear on us today as business owners provides opportunities to either shine or stink.
To grow your RROI and receive the lifestyle you want, define your core values and guard your business practices as a valuable asset.
Focused Prioritiesr
When the phone rings, the email bings, the Facebook messages sing, the Twitter feed dings, and the text messages ping, you understand this is an ADD world. Getting your UCP done while driven by your core values sounds good, but is like trying to do physics while caring for a toddler…
…which makes it all the more important for you to focus laser-like on your priorities. All of that technology has a place, second place, to your focused priorities.
Remember: you pay the bills for all of this technology. Find the “on/off” button. Use it.
Focus your priorities on your UCP, driven by your core values, and be amazed as your RROI—Redefined Reality on Investment—emerges in front of your very eyes.
The business owner lifestyle you imagined becomes yours as you Work Positive.
Article author
About the Author
Dr. Joey Faucette is the #1 Amazon best-selling author of Work Positive in a Negative World (Entrepreneur Press), coach, and speaker who help professionals discover success in the silver lining of their business and achieve their dreams. Discover more at www.ListentoLife.org/speaking.
Further reading
Further Reading
Article
Diamonds and Dollars: It’s Not What Your Product or Service Is Worth. It’s What the Customer Thinks It’s Worth.
One summer while I was on vacation from college I became a tin man: selling aluminum siding and roofing door to door in the Boston area. The business has a bad reputation but our siding and our roofs were the finest available. Our prices were high but fair. In spite of what consumers always want to believe, you can’t get the best without paying for it.
Related piece
Article
A Small Change Can Make a Big difference
A Small Change Can Make a BIG Difference All the talk about the economic climate at present, both in the UK and around the world, is of doom and gloom. It even appears to be heading towards some degree of that dreaded ‘R’ word, recession. My immediate response is ...
Related piece
Article
A New Meaning To Minding Your Own Business
How would you like to be in business with no stress or strain? Today there are many authors and lecturers talking about the power of the mind. Spirituality, meditation, and visualization are now en vogue. As an entrepreneur and adviser to growing companies speaking and writing about an ...
Related piece
Article
The Multi-tasking Myth
Okay, so enough already. We hear from managers all the time about how they “multi-task” to be more effective. It may be time to really review this myth. Multi-tasking came from the home, where multiple projects can happen simultaneously. A good example might be that the laundry is ...
Related piece