Why Accountability Is Important In Your Business

Accountability

“Accountability is the glue that ties commitment to results.” -- Bob Proctor

As micro business owners, we must be accountable for our actions for the sake of the survival of our businesses!

This means that we must look at all that stuff that we say we have to do in our business and hold ourselves accountable for actually getting that stuff done.

Bob Proctor said “Accountability is the glue that ties commitment to results.”

Think about that for a few seconds.

It is a short statement, but it is a very powerful statement. To help understand the power in that statement, let’s talk about what accountability means.

What Does Accountability Mean?

In the Merriam-Webster Dictionary, accountability is defined as “the quality or state of being accountable; an obligation of willingness to accept responsibility or to account for one’s actions.”

On Dictionary.com, accountability is defined as “the state of being accountable, liable, or answerable.”

So, what does accountable mean?

On Dictionary.com, accountable is defined as “subject to the obligation to report, explain, or justify something; responsible; answerable; capable of being explained; explicable; explainable.”

You might be wondering why I am spending time on the definition of accountability and accountable. There is a reason for it.

Over the past few months, I have spoken with several business owners, specifically micro business owners. These are business owners who also call themselves entrepreneurs, solo practitioners, founders, CEOs, or small business owners. One of the main things that they have in common and that makes them micro business owners is that their business is comprised of less than 10 employees.

So over the past few months, in my many conversations with micro business owners in several different industries such as health, beauty, fitness, accounting, legal, insurance, mental health, finance, education, and non-profit, just to name a few, we talked about accountability.

The micro business owners shared with me that they want to be more accountable to their business. We talked about how a business coach can help them with improving their accountability. But a big part of that discussion was what does it mean to them to “improve their accountability.”

This is why I spent some time at the beginning of this video sharing a few definitions of accountability and accountable.

Now that we have the definitions out of the way, what does accountability and being accountable mean for you and your business.

Why is Accountability Important for your Business?

As Bob Proctor said, "accountability is the glue that ties commitment to results.”

As micro business owners, we need to be aware of what are our responsibilities in our business. When we have that awareness, we are in a much better position to take action on the goals that we have for our business so that our business can grow.

This means that we need to be committed to our success. We need to be committed to our goals. It is through that commitment that we take the necessary actions that result in our business actually growing.

We talk about all the stuff that we have to do in our business, but without a plan to ensure that we know how we are going to get that stuff done, we might end up procrastinating or starting and stopping without getting anything done.

As micro business owners, we have to focus on working ON our business in order to get that growth happening.

So why is accountability important for your business?

It is important so that we can work ON our business and not in the day to day weeds that we encounter as micro business owners.

It is important because when we establish our system of accountability, we are:

1. Setting expectation

2. Measuring progress

3. Evaluating effectiveness of our actions

In each one of those steps, we must be honest with ourselves.

We can choose to work on our accountability by ourselves, with an accountability partner, or with a business coach.

Another option is to join a peer advisory board.

Regardless of the option that you choose to help you with improving your accountability, you must set the frequency with which you will be meeting and outline what actions you are committing to by the time you meet each time.

If you are ready to be more accountable to yourself and your business, submit your coaching application and see if you qualify for a customized coaching program to meet your specific needs.

Thank you for taking the time to read my article.

Regards,

Dr. Priscilla "Dr. P" Kucer

Solutions+Actions=Results! (SoAR!)