What is the difference between working ‘in’ your business, and working ‘on’ your business?

There is a huge difference between working ‘in’ and working ‘on’ your business. And this difference can significantly impact your sense of achievement and success as the business owner.

Working in your business refers to being actively involved in the day-to-day operations and tasks required to keep the business running smoothly. It often involves performing operational activities, managing employees, handling customer interactions, and addressing immediate issues or challenges.

On the other hand, working on your business refers to taking a more strategic and long-term approach to managing and growing the business. It involves focusing on high-level planning, setting goals, developing strategies, and implementing systems and processes to improve efficiency and effectiveness.

When you work in your business, you are primarily focused on the immediate needs and tasks that require your attention. This can include activities such as fulfilling orders, managing inventory, providing customer support, or overseeing production processes. While these tasks are essential for the day-to-day functioning of the business, they can sometimes consume all your time and prevent you from taking a step back to evaluate the bigger picture.

Working on your business, on the other hand, allows you to take a more strategic perspective. It involves analysing market trends, identifying growth opportunities, developing marketing strategies, improving operational processes, and delegating tasks to employees. By working on your business, you can create a vision for the future, set goals, and implement strategies that will help your business thrive in the long run.

Both working in your business and working on your business are important for overall success. however, finding a balance between the two is crucial to ensure that immediate operational needs are met while also focusing on long-term growth and sustainability.