Understand the Business

Understand the Business










Habits of a Successful Career

Habit #6 – Understand the ‘Business’

In understanding how things operate, you need to know what makes them tick – their ‘gears’.  This analogy is the same for all organizations and business ventures.  Most people’s careers are associated with business ventures: small, medium, or large.  These ventures can be for-profit, non-profit, or public service.  No matter what your position/career, consistently successful people must have, at a minimum, a good working knowledge of the breadth and depth of their business venture.  Of course, they have a greater depth of knowledge in their chosen professional/career area, but they also know all of the business ‘gears’, and interactions with each other.  Go for breadth of knowledge, then depth, of the ‘gears’ outside of your area.  Habit #4, Passion for Learning, complements Habit #6.  Continually learn and expand your knowledge in the business areas including, but not limited to:

  • Industry and Competitors
  • Business Model and Business Units
  • Economics and Key Performance Indicators
  • Products and/or Services
  • Business Processes
  • Technology and Systems
  • Accounting, Budgeting (capital and operating), and Financials
  • Sales and Customers
  • Critical Projects and Initiatives
  • Organization Chart and Key Leaders


This knowledge will make you more valuable inside and outside of your company.