I Wish I Had Known Then...

January 15th, 2013
David Anderson believes in taking time to make time.

Experience is the best teacher, but we're not always the best students when we're young. We asked established business leaders in the Valley to tell us things they wish they'd known when they were beginning their careers. This month, David Anderson, co-founder of Off Madison Ave + SpinSix, takes time to give some advice on....time. 

The most important thing that I have learned over my 14+ years as an entrepreneur is, as an owner, to spend your time working "ON" the business and not "IN" the business every day. What is the difference?  Working "in" the business means you are focused on taking care of clients, working with vendors, working with partners and the general tasks of providing your products and services. Working "on" your business means taking the time to plan your long-term growth, manage your finances, look for strategic partners, and spending time communicating with your employees. In the early years, this is not only difficult, but at times impossible.

However, to ensure long-term success, it is imperative.  Set aside time to work "on" the business in your schedule.  Schedule a minimum of four to six hours a week to do this.

Many times, it has to be done after-hours and on weekends during the early years of your company.  Over the long haul, make sure you build a team that allows you to move away from the day-to-day activities of your business and evolves your role into the person who spends most, if not all, of your time working "ON" the business.

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Off Madison Ave + SpinSix

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