Peter Drucker's Biz Transforming Tip

Peter Drucker’s Biz Transforming Tip

This week on Winning In Life, Angus Pryor the Practice Growth Specialist will be sharing with you about Peter Drucker’s business transforming tip.

Now, today, we’re going to look at Peter Drucker’s Business Transforming Tip. If you don’t know who Peter Drucker is, look him up. He’s an absolute expert, and he’s actually no longer with us, in terms of management, leadership, and business. And I want to talk to you about a tip that he gives that can really transform your business.

For your business to be transformed, one of the things that you need to be looking at is your leadership. All right, just put that there, dot dot dot. Because the better a leader you are, the better your business is going to be. And if I can say this I’m not saying this to be critical, but, a lot of dentists struggle with this.

And the better leader you can be, the better your business is going to be. And for your leadership to improve, one of the things that we want is for you to know thyself. The better you know yourself, the better the leader you are, the better your business will be transformed. So this is what Peter Drucker says. “When you are making a big decision,” and we’ll talk about that in just a second, a big decision, that you actually record what you think that’s going to be.

So for example, at the moment, lots of opportunities for making big decisions, aren’t they? I mean, we’re, you know, in this COVID environment, that means I’m going to, maybe start doing some things, maybe stop doing some things, maybe changing doing things. And when you make a big decision like that, then what you do is on your calendar, in nine months’ time, you write down what the decision was and importantly, what you think’s going to happen.

And the reason this is so helpful is because nine months down the track, you’ll be able to contrast what you thought was going to happen and what actually is going to happen. And this of course will help you to know thyself much better. Now for me, I’ve done this a number of times. In fact, I did this only two days ago. And having done this, you, like nine months might seem like a long time, but it comes around quick enough.

I’ve done this enough times now that I know when I’m starting something new that my predisposition, know thyself, as a leader, is to be too optimistic. Now optimism’s great for business, but it’s not great to be too optimistic when you’re making decisions. So that’s the process. Big decisions, write it on your calendar in nine months time, what do I think the outcome’s going to be. That will pop up in your calendar and then you can compare it. That will help you to know thyself better and improve your leadership, and ultimately transform your business.

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