Where Do You Invest Your Time?
The answer may be killing your profits and your passion.
As a business strategist I help business earn more and have more fun doing it. How we do that varies for each client. Sometimes we expand into new markets or tweak how they talk about their offer. However, one thing nearly every client needs is greater clarity about where they should invest their time and capital for the greatest return.
Let’s face it, today there are thousands of options for growing your business. But in a hour of work time, what should you do? You could write a blog, post in Facebook, answer emails, run a campaign, call a client, form a JV alliance, go to a networking event…AHHH… it can drive a person batty!
To help ease your pain and confusion, here are some tips for deciding the best use of your time for the highest return.
BEGIN WITH THE END IN MIND: You may think you have a clear vision for your business but do you really? Is it a written vision that includes both the right and left brain components? When I work with a client, we spend time clarifying the creative, feeling-aspect of your vision but we don’t stop there. We get super detailed around what must go with it – the sales figures you’ll hit, the team you’ll have, the marketing strategies you will implement and so on.
ESTABLISH REASONABLE BENCHMARKS: These are smaller goals that when completed, move you closer to your big vision. My studies show that 85% of entrepreneurs begin their month WITHOUT specific goals or a plan.
All I can say is… you can’t hit a target you can’t see!
CHOOSE THE RIGHT STRATEGIES: I see so many well-meaning entrepreneurs investing in programs, tools and information without really considering whether it’s appropriate for their plan or personality. Then they feel guilty when they don’t follow through. Give yourself a break – choose 3 to 4 strategies that are aligned with who you are and what you love. You’ll be more courageous, you’ll follow through and you’ll get much better results. I promise!
DESIGN YOUR WEEK: One of the tips my clients love is to ditch the Daily To Do List and move to a Weekly Action Plan. It gives you freedom, a longer range vision and allows you to be flexible and kind to yourself. What do you put on your Weekly Action Plan? Single steps that are born out of something I call a Freedom Plan. This is a simple document that outlines your main objectives for a specific period of time, identifies the strategies you’ll utilizes and specifies the steps you’ll take to get there. A Freedom Plan is freeing!
So there you have it… you need a clearly defined one year vision, specific monthly goals, 3-4 appropriate marketing strategies and a weekly plan of action. Add a great Business Coach (that would be me!) who guides and supports you in the implementation and watch the magic happen and the sales soar!
Click here to learn about coaching with Jane.
Business Growth, Business Vision, Marketing Innovation, Sales
Humility, in its purest form, has been hailed in movies, honored in classrooms and preached from the pulpits. But what is it really? What is at the heart of humility? Look up humility on line and you’ll see it defined as the quality or condition of being humble; modest opinion or estimate of one’s own importance, rank, etc.
It started off as a typical strategy call with me and the client quickly diving into the nuts and bolts of their business. Our goal was to uncover the missing links that were blocking this client from getting the sales they wanted from their marketing efforts. Like Sherlock Holmes, I got out my magnifying glass to see what I could see.
Usually when I pose this question I am using it to help a client more clearly define their ideal customer. But that’s not the intent of my question today. My question “Who does your business serve” is a check in for you regarding who you want your business to ultimately benefit. Is it your customer, your employees, your creditors, or perhaps YOU?
While I have the privilege of serving all kinds of entrepreneurs through my coaching and training programs, one group I truly resonate with is made up of speakers, authors and trainers. I resonate with them because I am one of them. So I speak from experience when I say… How we are delivering our content to our clients when we are not face to face or belly to belly has to change! The illusion that we can change a life through a CD, a PDF or a standalone webminar is an illusion. No, the next generation of delivering our content is an interactive, multi-media training platform that creates connection, inspires action and keeps students wanting more.
I remember my “dog days” like they were yesterday… working long hours, achieving the goals, and bringing in revenue BUT leaving no time at all for ME. This has been a recurring theme for business owners since the beginning of time. We love our businesses, our clients, the challenge, the excitement . . . but, at the end of the day, we are losing a piece of ourselves on the way to our dreams. This has got to stop!!!!
Thankfully…. organization and time management are two skills I have truly mastered over my 22 years in business. In fact, I feel it’s these skills, combined with my ability to manage my mindset, that enable me to get so much done in so little time.
Something significant happened to me last Thursday. It may have seemed subtle on the outside but inside it felt as if I’d experienced a shift at the DNA level. It happened at The Profit Builder’s Summit – my first live, solo, local event here in Monterey, CA. While the primary purpose was to step out locally after working nationally and internationally for so many years, the event also served as an opportunity to share a new message that’s been brewing inside for a while.
In a recent survey co-sponsored by Network Solutions, LLC and the Robert H. Smith School of Business at the University of Maryland, researchers not only concluded that having a serviceable website is key to the success of small businesses but that doing so can improve their competitiveness in the marketplace.