A Billionaire’s Formula for Success

J. Paul Getty used to say that all you had to do to make money was to get up early, work hard and strike oil. Not bad words to live by, unless you happen to live in a condo.

Bob Parsons, founder of GoDaddy, condensed his life and business philosophy into a series of rules, recently published in the WSJ. Most apply to all small business owners, but a few really stand out for health care providers:

      • Get and stay out of your comfort zone. Believe that not much happens of any significance when we’re in our comfort zone. I hear people say, ‘But I’m concerned about security.’ My response to that is simple: Security is for cadavers.
      • Always be moving forward. Never stop investing. Never stop improving. Never stop doing something new. The moment you stop improving your organization, it starts to die. Make it your goal to be better each and every day, in some small way. Remember the Japanese concept of Kaizen. Small daily improvements eventually result in huge advantages
      • Be quick to decide. Remember what General George S. Patton said: ‘A good plan violently executed today is far and away better than a perfect plan tomorrow.’
      • Measure everything of significance. Anything that is measured and watched, improves.
      • Anything that is not managed will deteriorate. If you want to uncover problems you don’t know about, take a few moments and look closely at the areas you haven’t examined for a while. I guarantee you problems will be there.

 

Bottom Line:   Back to the Basics of Business! Take a few minutes to see how you can apply each of these to your clinic. Read the list WSJ – Billionaire’s Rules

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