{"id":24636,"date":"2025-01-12T16:48:38","date_gmt":"2025-01-12T16:48:38","guid":{"rendered":"https:\/\/peraltafinancing.com\/accounting\/practical-applications-of-a-must-read-book-into-your-small-business\/"},"modified":"2025-01-12T16:48:38","modified_gmt":"2025-01-12T16:48:38","slug":"practical-applications-of-a-must-read-book-into-your-small-business","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=24636","title":{"rendered":"Practical Applications Of A Must-Read Book Into Your Small Business"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"hs_cos_wrapper_post_body\">\n<div>\n<p><span>It&#8217;s amazing how some books stand the test of time. We usually refer to one of our most recommended, Stephen Covey&#8217;s The 7 Habits of Highly Effective People, when we mentor our contractor clients and employees. Although it was first published three decades ago, its lessons are still incredibly relevant for business owners. You might wonder \u2013 how these habits fit into today&#8217;s landscape of changing trends, tight deadlines, and constant distractions. The short answer is that they&#8217;re timeless because they focus on principles that help you stay grounded while growing your construction business.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Below, we&#8217;ll break down some of Covey&#8217;s key habits and explore how you can bring them to life in your business today. Think of this as your blueprint for thriving in the chaos, not just surviving it.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<\/div>\n<p><iframe loading=\"lazy\" style=\"border: none; margin: 0px auto; display: block;\" title=\"Libsyn Player\" xml=\"lang\" src=\"https:\/\/html5-player.libsyn.com\/embed\/episode\/id\/34791315\/height\/45\/theme\/standard\/thumbnail\/no\/direction\/backward\/\" width=\"560\" height=\"45\" scrolling=\"no\" allowfullscreen=\"\"><\/iframe> <!--more--><\/p>\n<p><strong><img decoding=\"async\" src=\"https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/.Stock%20images\/Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg?width=600&amp;height=480&amp;name=Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg\" width=\"600\" height=\"480\" loading=\"lazy\" alt=\"Practical Applications Of A Must-Read Book Into Your Contracting Business\" style=\"width: 600px; margin: 0px auto; display: block; height: auto; max-width: 100%;\" srcset=\"https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/.Stock%20images\/Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg?width=300&amp;height=240&amp;name=Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg 300w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/.Stock%20images\/Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg?width=600&amp;height=480&amp;name=Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg 600w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/.Stock%20images\/Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg?width=900&amp;height=720&amp;name=Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg 900w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/.Stock%20images\/Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg?width=1200&amp;height=960&amp;name=Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg 1200w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/.Stock%20images\/Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg?width=1500&amp;height=1200&amp;name=Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg 1500w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/.Stock%20images\/Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg?width=1800&amp;height=1440&amp;name=Opened%20book%20and%20hand%20drawing%20building%20sketches-1.jpeg 1800w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\"\/><\/strong><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span style=\"color: #0600ff;\"><strong>1. Be proactive \u2013 the power of owning your choices<\/strong><\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Covey&#8217;s first habit, &#8220;Be Proactive,&#8221; is about owning your life and decisions. For business owners, this means focusing on what you can control instead of stressing about what you can&#8217;t.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Here&#8217;s the thing about being reactive\u2014it&#8217;s debilitating. Complaining about a slow economy or frustrated customers doesn&#8217;t solve anything, but switching to a proactive mindset is a game changer.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li><span>Anticipate potential challenges before they become disasters. For instance, if team morale starts to dip, address it early with open communication or team-building initiatives.<\/span><\/li>\n<li><span>Focus on solutions, not problems. Instead of dwelling on a client who backed out, consider what adjustments in your sales process could improve retention.<\/span><\/li>\n<li><span>Teach your team the same mindset. An empowered team that problem-solves proactively is a considerable asset.<\/span><\/li>\n<\/ul>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Proactive leadership doesn&#8217;t just keep you afloat; it helps you adapt and innovate in a competitive landscape.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span style=\"color: #0600ff;\"><strong>2. &#8220;Begin with the end in mind&#8221; &#8211; set clear goals<\/strong><\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>This one often hits deep because how many rush into a workday without a clear direction? Covey&#8217;s second habit reminds us to define our goals before taking action.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>If you&#8217;re running a business, you have to think long-term. What kind of company culture are you building? What legacy do you want to leave behind? Once you&#8217;re clear on those things, aligning your daily tasks and decisions with the bigger picture becomes easier.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li><span>Create a vision statement that both you and your team can rally behind.<\/span><\/li>\n<li><span>Before launching a new service, ask, &#8220;What does success look like?&#8221; and &#8220;How does this align with our core mission?&#8221;<\/span><\/li>\n<li><span>Use goal-setting frameworks like OKRs (Objectives and Key Results) to ensure everyone in the business knows where they&#8217;re headed.<\/span><\/li>\n<\/ul>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Think of this habit as your compass. Without it, you&#8217;re likely to work hard but still feel lost.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span style=\"color: #0600ff;\"><strong>3. Put first things first \u2013 manage your time<\/strong><\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Quick question \u2013 how often do you find yourself buried in &#8220;urgent&#8221; tasks, only to acknowledge at the end of the day that you didn&#8217;t touch what&#8217;s important? That&#8217;s where Covey&#8217;s third habit, &#8220;Put First Things First,&#8221; shines. It&#8217;s all about distinguishing between urgent and truly important, then acting accordingly.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li><span>Use Covey&#8217;s Time Management Matrix. Focus on tasks that fall into Quadrant II \u2013 essential but not urgent (strategic planning, team development, or building new partnerships).<\/span><\/li>\n<li><span>Delegate or eliminate tasks that don&#8217;t move the needle. Not everything deserves your attention.<\/span><\/li>\n<li><span>Start each day by asking yourself, What&#8217;s my biggest priority? If I do nothing else today, what task absolutely must get done?<\/span><\/li>\n<\/ul>\n<p><span>\u00a0<\/span><\/p>\n<p><span>When you focus on what truly matters, you&#8217;ll feel less like you&#8217;re playing catch-up and more like you&#8217;re moving forward.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span style=\"color: #0600ff;\"><strong>4. Think win-win \u2013 building mutually beneficial relationships<\/strong><\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Business isn&#8217;t a zero-sum game. Covey&#8217;s fourth habit, &#8220;Think Win-Win,&#8221; pushes us to find solutions that benefit everyone involved\u2014clients, employees, and business partners. It&#8217;s the foundation of trust and collaboration.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li><span>Negotiate with empathy. During discussions, consider the other party&#8217;s needs and goals and find a compromise that works for everyone.<\/span><\/li>\n<li><span>For your team, create opportunities where employees feel empowered and valued. A win-win work culture keeps talent engaged.<\/span><\/li>\n<li><span>Innovate with your customers in mind. Ask how you can provide more value to them \u2013 and watch how that mindset leads to loyalty and referrals.<\/span><\/li>\n<\/ul>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Win-win isn&#8217;t always the easiest route, but it pays off in the long run.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span style=\"color: #0600ff;\"><strong>5. Seek first to understand, then to be understood \u2013 empathetic communication<\/strong><\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Have you ever been in a meeting where everyone is talking, but no one is actually listening? Covey nailed it when he discussed the importance of understanding others before getting your point across.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Empathetic communication is one of the most valuable tools for construction business owners. Whether with a frustrated client or a team member struggling with workload, truly listening builds trust and clarity.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<ul style=\"list-style-type: square;\">\n<li><span>Pause during tough conversations and fully grasp the other person&#8217;s perspective before responding.<\/span><\/li>\n<li><span>Use active listening techniques like paraphrasing or asking thoughtful follow-up questions.<\/span><\/li>\n<li><span>Encourage this habit in your team to strengthen collaboration and reduce misunderstandings.<\/span><br \/><span><br \/><\/span><\/li>\n<\/ul>\n<p><span>The better your communication, the stronger your relationships \u2013 and a thriving business is built on great relationships.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<div>\n<p><strong><span style=\"color: #0600ff;\">6. Synergize<\/span><\/strong><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Combine the strengths of diverse team members to achieve innovative solutions. In construction, this can mean leveraging the unique skills of various trades to enhance project efficiency. Encourage collaboration through joint problem-solving sessions, where team members can share ideas and work together on challenges. The combined efforts of a well-coordinated team can lead to exceptional results.\u00a0<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span style=\"color: #0600ff;\"><strong>7. Sharpen the Saw<\/strong><\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Invest in the ongoing development of yourself and your team. This includes professional training, certifications, and wellness initiatives to ensure everyone functions at their best. Encourage a culture of continuous improvement through workshops and skill-building exercises. Regularly reassessing and refining processes keeps your business adaptive and innovative in a competitive market.<\/span><\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p><span>What makes &#8220;The 7 Habits of Highly Effective People&#8221; priceless for construction business owners today? Its focus is on principles over trends. Trends come and go, but these habits ground you in what truly works \u2013 proactive leadership, clear goals, thoughtful planning, and fostering meaningful relationships.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Adapting these habits to your daily life won&#8217;t happen overnight, but even small shifts can create momentum. Pick one habit to focus on this week, cultivate a proactive, goal-oriented, collaborative environment, and see how it transforms your leadership and business growth.<\/span><\/p>\n<p><span>\u00a0<\/span><\/p>\n<p><span>Remember, no matter how fast the business world moves, the principles in this book will always hold relevance. They don&#8217;t just make you more effective \u2013 they make you a better leader, decision-maker, and collaborator. So whether you need an excellent book or a knowledgeable bookkeeper, we are here to help.<\/span><\/p>\n<p><span style=\"color: #0600ff;\"><strong style=\"background-color: transparent;\">About The Author:<\/strong><\/span><\/p>\n<p><strong><a target=\"_blank\" href=\"https:\/\/www.fasteasyaccounting.com\/sharie-dehart\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/Avatars\/Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png?width=113&amp;name=Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png\" alt=\"Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1\" width=\"113\" srcset=\"https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/Avatars\/Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png?width=51&amp;name=Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png 51w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/Avatars\/Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png?width=101&amp;name=Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png 101w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/Avatars\/Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png?width=152&amp;name=Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png 152w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/Avatars\/Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png?width=202&amp;name=Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png 202w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/Avatars\/Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png?width=253&amp;name=Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png 253w, https:\/\/www.fasteasyaccounting.com\/hs-fs\/hubfs\/Avatars\/Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png?width=303&amp;name=Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1.png 303w\" sizes=\"(max-width: 101px) 100vw, 101px\" style=\"width: 113px; float: left; margin: 0px 10px 10px 0px;\"\/><\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.fasteasyaccounting.com\/sharie-dehart\" rel=\"noopener\">Sharie DeHart, QPA,<\/a> is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on managing the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call <a href=\"https:\/\/www.fasteasyaccounting.com\/blog\/tel:18003611770\" rel=\"noopener\" target=\"_blank\">1-800-361-1770 <\/a>or\u00a0<a href=\"https:\/\/www.fasteasyaccounting.com\/blog\/mailto:sharie@fasteasyaccounting.com\" rel=\" noopener\">sharie@fasteasyaccounting.com<\/a><\/p>\n<p>\u00a0<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 36px;\">Access\u00a0Code:\u00a0FEAHEROS<\/span><\/h2>\n<div class=\"download1\">\n<p><a href=\"https:\/\/itunes.apple.com\/us\/app\/myaccountants\/id1317268476?mt=8&amp;ign-mpt=uo%3D4\" target=\"_blank\" rel=\"nofollow noopener\" data-mce-rel=\"nofollow\" data-mce-target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.melaniecurtisaccountants.co.uk\/images\/App_download_button.png\" style=\"width: 300px; margin: 0px 0px 10px 30px;\" width=\"300\" height=\"91\"\/><\/a><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=uk.co.myfirmsapp.one.accountants&amp;hl=en\" target=\"_blank\" rel=\"nofollow noopener\" data-mce-rel=\"nofollow\" data-mce-target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.melaniecurtisaccountants.co.uk\/images\/Google_download_button.png\" alt=\"\" style=\"width: 300px; float: right; margin: 0px 30px 10px 0px;\" width=\"300\" height=\"91\"\/><\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=uk.co.myfirmsapp.one.accountants&amp;hl=en\">Click here to download the App on Android:<\/a><\/p>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/app\/myaccountants\/id1317268476?mt=8&amp;ign-mpt=uo%3D4\">Click here to download the App on iOS:<\/a><\/p>\n<p><span>Simply scan the QR code or search for \u2018MyAccountants\u2019 in the App Store<\/span> and enter the <span style=\"text-decoration: underline;\"><span style=\"text-decoration: underline;\">Access code:\u00a0FEAHEROS<\/span><\/span>\u00a0to utilize the powerful App features and capabilities, and benefit from having our Construction Accounting App at your fingertips, 24\/7.&#8221;<\/p>\n<p><span>PS: Even if you are not a Construction Contractor<\/span> you will find a plenty of benefits in the app so we invite you to download it too! It&#8217;s Free so why not?<\/p>\n<p>\u00a0<\/p>\n<\/div>\n<p><script>(function(d, s, id) {\n  var js, fjs = d.getElementsByTagName(s)[0];\n  if (d.getElementById(id)) return;\n  js = d.createElement(s); js.id = id;\n  js.src = \"\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&version=v3.0\";\n  fjs.parentNode.insertBefore(js, fjs);\n }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s amazing how some books stand the test of time. We usually refer to one of our most recommended, Stephen Covey&#8217;s The 7 Habits of Highly Effective People, when we mentor our contractor clients and employees. Although it was first published three decades ago, its lessons are still incredibly relevant for business owners. You might [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11759],"tags":[15834,2268,907,6050,2058,709],"dealstore":[],"offerexpiration":[],"class_list":["post-24636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","tag-applications","tag-book","tag-business","tag-mustread","tag-practical","tag-small"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Practical Applications Of A Must-Read Book Into Your Small Business - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=24636\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Practical Applications Of A Must-Read Book Into Your Small Business - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"It&#8217;s amazing how some books stand the test of time. We usually refer to one of our most recommended, Stephen Covey&#8217;s The 7 Habits of Highly Effective People, when we mentor our contractor clients and employees. Although it was first published three decades ago, its lessons are still incredibly relevant for business owners. 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