Archive for November, 2011

Nov 28 2011

5 Things That can Sabotague Your Business Success

I  love working with creative people. They are fun, spontaneous and passionate.

Those are all positive traits that help them to be great at helping people via their services.

Creative people are also notorious at struggling with getting their businesses to be successful.

If you can relate to this statement, you most likely have a vision for your business that is way too small. This can hold you back and will affect every decision you make!

Here are 5 things to consider. Look at this list and ask yourself if this sounds like you.

1.  Not seeing multiple income streams.
All business owners have blind spots; areas you just can’t see.

If you offer direct service to clients, this is the easiest route to begin to bring in cash flow, but there is a limit to how many clients you can see in one week or how many direct jobs you can take on.

In order to develop a business it is important to look at how to leverage income by offering programs to  groups of people or creating passive income by offering products to your niche clients. If you know your niche client, it is all about offering more and more value and a variety of ways you can help them.

2. Not wanting to invest more money.
Solo business owners tend to feel hesitant to invest in their own business.

Maybe your lack of confidence makes you question your ability to be successful, so you view investing as creating another debt, rather than helping you to grow in prosperity.

It is hard, if not impossible, to grow a business without investing money, however you need to perceive a return on your investment and  in order to do that you need to see with your entrepreneurial hat on.

3.  Incorrect priorities.
It is easy to spend time doing the things you love.  Most people end up focusing the majority of their attention on their services and products learning more skills and developing more expertise.

Although those activities are important, it may be more important to focus on business skills; your marketing plan, organizational systems and your money map. Without those, you will never grow a real business.

4.  Limiting thinking.
I often ask my new clients about their financial goals and how much money they want to be earning per year when their business is fully developed.

People are notorious for giving a very low figure based on what they think they are capable of, what they think people will pay and generally undervaluing themselves. Your own limiting thinking could be your worst enemy.

•  Self doubt
I always mention this one because it is the biggest culprit!

Your own self doubt will stop you dead in your tracks and make you question your decisions, your ability and will undermine your confidence.

The best cure is to get help from someone who sees more in you than you see in yourself and then to act as if.

How many of these five things could you relate to? I am an expert at each one :)   I would love to know I am not alone!

One response so far

Nov 14 2011

5 Ways to “Occupy” Your Business and Make a Bigger Difference.

I’ve been engrossed with the Occupy Movement like many folks.

It’s great to see so many people speaking out about topics that effect everyone’s quality of life.

Last night I heard a man, who identified himself as a community activist,  interviewed about Occupy Portland. He said that Occupy is not about one particular issue, but many and all are important. Makes sense!

Wanting to make a difference is an inherent entrepreneurial trait, regardless of your specific points of view. It’s about listening and giving value to people.

As small business owners, you are in a unique position. You are an integral part of your community and within your businesses you face many of the same issues yourself everyday, including health insurance, social security, retirement and other financial issues. You also want to have a sustainable business.

Here are a few things you can do right within your own world that can make a huge difference. It is not all about camping down in the park. It is about fully occupying your own business in a more conscious way.

1. Be an excellent listener. Listen to your clients, their issues, concerns and desires. Your business is all about them and how you can help them. In order to give them excellent service, you need to hear what they have to say first.

2. Be open-minded and accept new points of view. Most people begin their business with knowing a lot about their product and service but very little about how to be a business owner. Let go of your subjective ideas and get help so you can really lead your business.

3. Present yourself as a professional. Acknowledge your self doubt and share that with your mentor but make decisions from a place of empowerment. Build a professional website and see yourself as a successful person.

4. Get out of your office and connect with other entrepreneurs in your community. Find a variety of business groups and people. Staying in your comfort zone won’t help you to grow.

5. Create a plan and keep updating it. New business owners waste a lot of time going around in circles and then feel frustrated. A good plan for marketing and growing, will keep you focused and on track!

These five things might be obvious but it is easy to forget how important they are. Doing each of them will keep you grounded and you will be able to help way more people and make a much bigger change in your community. Can  you see how they will make a difference?

 

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Nov 03 2011

Why is it so hard to ask the right price?

Pricing seems to be the issue of the week.  It seems like everyone I meet with is having a crisis around charging for their services.

It makes me wonder if this problem is contagious!

I also think this is more a women’s issue. I want to whisper this in case it is not politically correct to imply this, but women do seem to end up giving and giving without getting paid enough.

Here are some examples I have heard already this week:

•  Under-acknowledging the value of your service. One woman admitted to me today that she has no trouble expecting a hefty bill from her lawyer or paying her counselor, because she needs those services, but she is not seeing her own service is equally important. She wonders if people will really value it.

•  Giving too much! you offered a free 30 minute introductory meeting and then end up going for over 90 minutes. You offered tons of solutions to a potential client who has not yet hired you. Client hears too much and gets confused and then backs away. Giving is part of marketing but you have to know how much to give and how to lead it into a sale.

•  Poor communication about what you are offering. You lack clear written documents that outline exactly what is covered in your program. As a result clients keep asking for more and you keep giving more without any additional charge, because of your fear that if don’t, the client will be angry and feel not taken care of. Lack of clarity makes everyone confused.

All of these situations are a result of a mixture of low self-worth, self-doubt and not fully stepping into a full leader of your business. If you can relate to any of the above issues, here are a few things you can do.

1. Make sure there really is a burning need for your service. You need to see the value on a gut level, not just in your head. You have to feel the value 100%. If you don’t, this is the first place to begin. You can’t successfully offer a service you don’t really believe in.  If you do acknowledge the value fully, then the issue is about you, not your service.

2. Your own self-worth needs to come from knowing you are a really good person, skilled and an expert at what you do. You help people and make a difference.  If your self-worth depends on everyone liking you,  hiring you and paying you, your potential clients will feel your desperation or discomfort and it won’t make them feel secure and trusting that you can help them. When you feel good inside, you can put forth clear structures that then help people to feel safe with you. They know where they stand and won’t feel confused.

3. Be willing to step into those big leadership boots. Operate from a clear business plan and vision that states how much money you plan to earn and where it will come from. From that plan you can figure out what you need to charge in order to run your business. Get away from charging by the hour as you have a whole infrastructure to support. It is not just about the minutes you spend with the client.

By the way- I can identify with all the above. I used to be similar and it was painful to look at myself. The good news is that I followed my own advice and changed!   If I could do it, so can you.  I would love to hear your stories and comments below and if you want more help just let me know.

Read more about why people undercharge.
The dance of giving and receiving.

3 responses so far

Copyright © 2012 Kaya Singer – Awakening Business Solutions LLC

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