Nov 27 2010
How to shift from being a practitioner to being a business owner.
The end of the year is a perfect time to fine tune your business plan and get focused for the next year. The challenge of most small serviced based business owners is that they tend to think like practitioners. It can be a challenge to change your mind-set to one of a “business owner”.
One thing that makes it hard, is when well meaning people ask you how your “practice” is going. People ask me if I have new clients and how many people I see per week. I appreciate the interest of course, however they don’t really get that this is the wrong question.
The right question is, “How is your business doing?” How my business is doing is not so much about new client appointments. It’s really about cash flow, marketing, new programs, loyal clients and developing systems.
I spend at least half of my time on marketing. For instance, writing my blog posts here is part of marketing. Some of my new clients struggle with this idea because they are so in need of immediate money. This is true for most new solo business owners. They tend to see marketing as work without direct payment and get frustrated when their marketing efforts don’t have immediate financial benefit.
In a service based business, it doesn’t work this way. Marketing is what brings in the cash flow, but it is an ongoing endeavor, and any marketing strategy takes about four months before you notice the benefit. You have to determine your prices based on the hours spent on marketing as well as all of your administrative tasks. In this sense, there is a direct financial gain.
Plan your marketing strategies for January, February and March including:
• Local and online networking.
• New freebies to offer people a taste.
• New products and programs to offer your clients.
Make decisions based on your niche market clients and what they need and where they are.
• Be persistent and consistent.
• Focus on the long term results.
Avoid your tendency to offer “sales,” This will make you sound desperate and in general not a good marketing tactic. it works for Target and WalMart but not for services. Instead, create a solid marketing plan, get a support group and find a workbook to help you focus, overcome obstacles and become a leader of your business!









