Rise and Grind!

Posted on 17 October 2017 (0)

Outwork Your Competitors, Period.

 

Starting a business is not easy by any stretch of the imagination. There are challenges coming from every which way and the problems you have the better. That sounds backwards, right? Think about it though, if your problems are helping find solutions either for your client or your business success, that means you’re making progress.

Most “wantreprenuers” think they can start a business and have overnight success, Facebook style. Yeah not likely! Even in the case of Facebook it took Mark several years to build the empire he has, the first years he was grinding in his dorm room or however the story goes.

A true entrepreneur realizes the work involved in building a successful business, even a local service business. It’s not “if you build it they will come” it’s, If you Build it, work your butt off, maybe they show up.

Getting your clients is one aspect along with legal compliance, invoicing, delivery, customer management the list goes on and on. As you dive into this journey, be prepared for the unforeseen.

A daily routine is not 9-5 its more like 24 hours, as things come up you have to get them done. Don’t let them pile up and bury you for the next day. The good news is your competitors are likely sleeping, giving you the upper hand.

Rise and Grind, not work later than your competitors, as you’re getting started, get up and start earlier. Like the old timers say, the “early bird get the worm”. There’s a lot of truth behind that.

Early in the morning our minds are fresh and more creative, after a good breakfast especially. A good idea is to save your mornings for more of your creative chores, and the evenings for more of the routine monotonous tasks.

The whole point is you should work, work and work some more to enter a market and edge your competitors out or introduce a new product or message.  Maybe in five, ten or fifteen years you will be able to let off the gas pedal and have your business on auto-pilot. Then you can enjoy the life the rest of the “wantraprenuers” so eagerly seek.

Rise & Grind!

Focus Your Activities for Success

Posted on 10 October 2017 (0)

We identified reasons why your business isn’t growing in the earlier post and know let’s talk about how you can jump start your success!

 

Have a Plan

It been said before “poor planning = poor performance” in a number of more colorful ways, but that’s the truth. If you don’t have a plan you end up just flailing in the water. Our days, weeks, years are so busy and we have numerous distractions come up each and every day. Without a plan you will simply not perform at your capability.

Having a plan for each day helps you prioritize the activities of your day and shut out distractions. Your daily plan should be focused on actions that help you achieve your ultimate goal, “America wasn’t built in a day” or something like that 😊

As well focusing on your priorities helps put those distractions in perspective and eliminate a lot of the busy work.

Have a Routine

Having a routine helps us both mentally and physically and ultimately helps our daily progress. Your routine should focus not only on your business goals for that day but should also have a time for exercise and/or meditation. This will help clear your thoughts and keep you focused on your goals throughout the day.

Exercise is phenomenal for our bodies and minds as it releases endorphins which are known to improve our mood, giving us a better attitude. That attitude will come across throughout the day and improve relationships at home and work.

As important is to make time for your family as they support you. If you have kids at home its especially important to show them the attention and teach them the life lessons they deserve. Making all the money in the world will never replace memories and lessons you can share with your kids.

Routine at work is as important. Many times we juggle multiple projects or tasks and having dedicated times to manage each task will help keep momentum of the whole company.

Execute Accountably

It’s great to have a plan but you must Execute! We all know someone who plans everything to death, literally. They plan so much they miss there window of opportunity or run out of resources. So its important to have a plan and to have someone who you trust hold you accountable.

It sounds 2nd grade but the truth is the most successful entrepreneurs in the world have or have had mentors. That’s a primary job of a good mentor, helping you develop a plan for success and then helping you stay on track.

Mentors don’t have to be family members, colleagues or personal friends; however, they can be. They can also be other local business owners, teachers, or influencers who you trust and who has accomplished what you are attempting.

5 Reasons why your Business isn’t growing

Posted on 15 September 2017 (0)

Many entrepreneurs get frustrated when their businesses remain stagnant or don’t seem to be growing. But, why? The fact that you have a great product and an exceptional customer service doesn’t mean you’ll grow automatically. You could be doing a lot of things to ensure your business grows, but still, nothing is happening. If each year your businesses still bring you the same figures in revenue, then you have stalled. It’s dangerous or rather risky to have such a predicament as it will sustain a straight line curve for some time before things begin dying.

You should always remember that owning a business can be the most comforting and rewarding thing a person can ever embark on. If your business started so well but reached some point where it stabilized and then plateaued, it’s time to check and see where you went wrong. Here are some of the reasons why your business could be not growing.

You don’t See your Customer as the Top Priority

One of the main reasons businesses stop growing is the inability to put the customer as the number one priority for the business. You can be caught up in your daily routine work and operations that you forget that you’re in business because of your customers. Every business should always refocus and remind its staff the mission, vision, and goal of the organization. You may need to discuss with your customers from time to time and find out what they expect and want to see more. How do the customers interact with you? Does your website provide in-depth, useful information about your product? How do you communicate and interact with your customers and target audience? Focus on improving your communication and interactions with your customers and build lasting relationships.

No Means to Track Numbers. You do not measure your Business Progress

There’s so much to discuss and write about this topic. Young businesses are the most affected here. Failure to keep track of important business indicators and lack of reporting functions often cause businesses not to grow. Tracking key indicators and preparing reports informs your management team on areas that need more focus and resources. They provide you with real-time feedback that helps in improving your systems and making necessary adjustments. Feedback from all areas of your business will help you make the needed adjustments and improvements to the ongoing needs of your existing customers and target audience. It also helps to you to understand your employees and cultivate a conducive working environment. Invest in your staff and encourage open communication.

Lack of growth goal and strategy.

Do you have a growth goal? The growth of a business is not dependent on the size or length of the business. The entrepreneur’s goal is the one that determines the growth of the business. During the start of a business, you always stick to the business plan. Nevertheless, once your business grows, you ignore and forget the plan you had at the start. It is recommended to a monthly review of your plan so as to track the business progress. Reviewing your plan will help you forecast and be accountable at the end of the year.

Failure to identify new opportunities and markets.

When a business matures, it starts to run on a predictable and known standard. At this time, the owner knows what and to whom to sell and the probable outcome. However, when things go wrong for your services or products, you are more than likely to be of business. You need to be vigilant about the market trends and what may happen in the near future. Ensure you understand what your business offers and look for new markets. Doing nothing about your business puts your business at stake. You can choose to diversify your business, innovate your products to make you outstanding in the competitive edge or also look for other industries that may need your products.

Lack of a Marketing Strategy

It’s either you completely don’t have a marketing strategy, or you’re starving your company of the marketing it needs. Every business, small or big, should be marketed correctly for it to keep growing. A small business with a proper marketing strategy is more likely to outperform a big business with an ineffective or no marketing strategy. Don’t starve your business of professional marketing for any reason.