You know, deep down that you should be doing more. You could be doing more in your business. What’s holding you back from taking action?
What’s preventing you from making decisions that would, without a doubt, super-charge your success? Is a desire for perfection holding you back?
It’s easy to blame things, circumstances, and other people, but the truth is, the person looking back at you in the mirror is your biggest opponent.
Lack of knowledge is usually not the problem because you’ve taken training after training, and spent lots of money purchasing products. Some very helpful; others, simply shiny objects. Continue reading →
“The most important thing in communication is hearing what isn’t said” –Peter Drucker
How can you improve listening skills to increase impact? Your main function as a coach is to elicit information from your clients and support them in getting the results they desire so they can achieve a transformation.
Do you have the mindset of a successful small business owner? The statistics often paint a gloomy picture of small business success. Does it necessarily mean that has to be your reality? No, It does not! There are essential considerations that need to be given attention so as to change the picture and change the results so you become a successful business owner.
Small Business Statistics in the United States
According to the US Small Business Association, there are 28.8 million small businesses in the United States. A small business in defined as one that has less than 500 employees, hence, the number could be even larger as not all micro businesses may have completed the proper registration channels.
Firms with fewer than 100 employees have the largest share of small business employment
Over 22 million small businesses are self employed with no additional payroll or employees (these are called nonemployers)
Approximately 543,000 new businesses get started each month (but more employer businesses shut down than start up each month)
Approximately 75% of all U.S. businessesare nonemployer businesses
About two-thirds of business survive 2 years in business, half of all businesses will survive 5 years, and one-third will survive 10. These findings are from The Bureau of Labor and Statistics.
One of the biggest causes of small business failure is lack of financing.
Without discounting the value of the above research and results, another significant area that must be given attention is the small business owner’s mindset.Continue reading →
When you build an email list, it becomes the number one asset in your business. In some circles, an email list is referred to as your opt-in list. They are one and the same. Building an email list should be your number one priority.
As a business owner your goals should not be just to build a list of subscribers. Instead you want to build an email list comprised of a responsive list of subscribers. By their responses to your questions and offers, and to the extent that they engage with you, this is what helps to determine if you have a responsive email list.
Offline businesses should also create opportunities to build an email list. For example, if you own a pizza restaurant you can follow-up with customers and send them special offers that are not offered to the general public.
No matter what size your business is – whether you’re just starting up, you’re a solopreneur, or you have a staff of employees, good business systems are most definitely a best practice for helping your business run smoothly and grow. Business systems do include software, which is what many think of as systems. But they’re also the other more intangible ways that you do any part of your business. It’s how you do things.
As a business owner, you should get everything you know about your business out of your head and commit it to writing. Create a procedure manual (in either physical or digital form) and start writing out how you do things in your business. Don’t overwhelm yourself with trying to get it all completed at once. Start with one or a few items at a time then add as you are able to. Just get down as much as you can, then you can always expand on and edit what you have written. Eventually you will have a complete, comprehensive manual.Continue reading →