High achievers – in both the online world and in the corporate world – generally have positive attitudes, know how to take action, and know how to ask for help. They are also not afraid to bring in coaches to help them improve their leadership and planning skills.
Who wants to be around pessimistic people? Having pessimistic coworkers is bad but having a business owner or department head who is constantly finding fault in other people’s work or who is always pessimistic about project outcomes is a sure way to send morale plummeting.
Luckily a mindset coach can help the pessimist turn their negative thoughts into positive thoughts.
Taking action is not necessarily an inborn trait but it’s certainly a skill that can be learned.
High achievers don’t reach their level of success by overthinking their business plans or by waiting for opportunities to present themselves.
Those are quick ways to stall your business.
Instead, high earners learn to develop the...
As the great Benjamin Franklin once said, “If you fail to plan, you plan to fail.”
With all the moving parts of a business to look after, it’s no wonder that some things fall through the cracks affecting your business growth and bottom line profits.
Let’s examine 5 mistakes that will diminish your profits if not fixed right away.
1. Inconsistent Marketing
It’s just not enough to publish one Facebook post or a couple of tweets every week. Likewise, ignoring your email list is also detrimental to your business. If you don’t keep up with a consistent marketing plan, people will forget your name, will forget how they ended up on your email list, or forget why they’re following you on social media. These forgotten people need to be won over yet again and they need to hear and see your company name on a consistent basis before they decide to spend money on your products or services.
2. Failure to Automate
Are you stuck in the old school way of doing...
It seems the current popular advice for growing your business is, “You need a coach,” and you’ll see dozens of people hanging up their coaching hat, advertising for clients.
But the term “coach” is extremely broad and general so the key to hiring the right coach is knowing what you’re looking for and what TYPE of coach to hire. After all, you wouldn’t hire a college rugby coach to bring the school’s football team to a league game, would you?
Every coach has their own niche – much like your business serves a particular niche – and within those niches, every coach has their own strengths and weaknesses. Let’s look at some of those niches in full detail.
Mindset coaches focus on your brain’s mindset, how you think and feel about your business and your life; and how to turn any negative thoughts into positive thoughts.
Mindset coaches do not solely focus on business; if you’re unhappy with any...
Are you trying to learn everything about everything in an effort to save money? Sure, it’s tough to admit you need help but if you continue being everything to everyone, you’ll burn out and resent your business.
Years ago when I was first starting my business I was in an online conversation about the importance of choosing a niche for your business rather than just saying, “I want to serve EVERYBODY.”
Of course, you want to make money so instinctively business owners tell themselves that it’s better to appeal to more people than a selective few. But somebody in the conversation responded by saying, “Do you want to be known as Walmart or do you want to be known as Neiman Marcus?”
The point is Walmart appeals to everyone, but they depend on the sheer volume of customers to make their profit.
Neiman Marcus (designer goods), on the other hand, appeals to a very specific demographic which has the disposable income to spend and they don’t...
Good business coaches are able to look at a company objectively, ask pertinent questions, and guide the owner through the process of creating a plan for future growth. Consider a business coach your objective third party, the one who can sort through the processes that work and those that don’t work and help mold the company into a profitable entity.
For any business owner with an online presence (and EVERY business should be online!) there are many passive ways to build income streams into your website and products that will bring in extra money while you focus on serving your current customers. Passive income is good and will help your bottom line while you actively market your business. You’ve invested good money into your business and your website; why not make it work harder for you?
1. Affiliate Marketing is a simple way to make commission by recommending products or services to your audience. This process is similar to telling your friend or neighbor about the...
Certainly you’ve heard the old adage, “Time is money.” If you’re a business owner, your time is valuable because you have valuable knowledge to share with your audience. Your time is best used catering to those customers and clients who need your knowledge instead of struggling over some back office tasks that are not customer-related at all.
The time you spend doing these non-customer tasks is money that you’re not earning back. So why is it you still find the need to do everything in your business yourself, instead of investing some of your money on a virtual assistant or in software that will help automate certain business processes?
Outsourcing to Grow Your Business
Outsourcing tasks to a virtual assistant or biting the bullet to hire a business coach can be scary, especially if you’re already on a tight budget or have limited clients. But in the long run, hiring these experts to handle tasks they are experienced to handle will make you money...
Online business owners can easily “open their doors for business” without a firm business plan in place.
Some may test the waters to see if they attract any clients and some start out doing this online work as a side gig while working their full-time job.
So, if this is how you are opened your business (or are planning to), do you have a business or a hobby?
A hobby traditionally is an activity that brings you pleasure that you do in your spare time. A business, on the other hand, provides a service or products to clients, has regular business hours, and strives to make a profit.
Here are some questions to ask yourself to determine if you are working a business or a hobby:
• Do you have firm business hours or are you working sporadic hours as your family or full-time job allows?
• Do you make the most of your business hours or work time, working as efficiently as possible, or do you get distracted with social media or other behind-the-scenes tasks?
• Do you...
Over the last four weeks, I have given you some tips about how to recognize and heal from business burnout.
It is a huge topic but I hope the ideas I have given you have helped in some way.
This week I am going to share with you my ‘How To Recognize And Heal From Business Burnout’ checklist.
The checklist brings together all the areas we discussed on this subject which I hope will help you now or in the future.
Next time I will be covering daily self-discipline for entrepreneurs.
Download my ‘How To Recognize And Heal From Business Burnout’ checklist.