YEAR OF THE BOSS

This is the year we declared greatness in our lives.  This is the year we promised to stop procrastinating and GET IT DONE! This is the year we committed to launch our business.  We have made some great resolutions, now it’s time to start generating some amazing results.  As we come to the close of this second month of the new year, it is important to stay focused and encouraged.  Many of us have already blown our diets, stopped going to the gym, and have spent all the money we planned to save, so……… let’s not allow our dream of launching a business follow that pattern.

One of my favorite quotes is:” If you do what you’ve always done, you will get what you’ve always gotten” -Tony Robbins

This means it’s time to look a little deeper into our game plan for 2017.  Here are a few things to consider as we stay true to our dreams and truly make 2017 the year of the BOSS:

1.Trust your gut!! We’ve heard this many times before, but how many times have we overlooked that gut feeling and walked right into a pit?  Then we kick ourselves later, because we already knew we should have make a different decision. A valuable message to the Boss of 2017: Trust yourself. Trust your instincts. Step intentionally in the direction of your instincts.  You will find creativity, inspiration, and solutions on that path- just trust your gut to lead the way.

2.Do right by people, and people will do right by you. Maybe not the exact same people, but the good deed will be returned.  When launching a new business, it easy to get absorbed with what you need and what your business needs.  As a 2017 Boss, it’s important to remember to GIVE, not just receive.  Many people are in a hustle and grind mindset, which is necessary during a launch.  However, it is equally important to give and build relationships along the way. You never know who will help you out one day, so plant seeds of kindness along the journey.

3.Pay attention to who claps when you win. Not everyone that’s with you is for you. I usually keep posts light and positive, however, this is a topic that must be addressed. It’s a painful lesson but very valuable to have this in mind before it happens. This is just a note of caution, especially when sharing your dream. Guard your gifts and limit your inner circle.  In the post WHAT WOULD A BOSS DO?, I share the concept of developing a Boss Council.  Check out the full post for a full explanation, in the meantime, just pay attention to who is really for you and who is just hanging around.

4.Focus on possibilities, not limitations.  One of the main reasons we get off track with planning a business launch is that we start focusing on the limitations.  We stress about the time, energy, finances, and lose sight of the abundance of possibilities.  In my book,  “Think Like A Boss”– I share that one of the important keys to being a Boss is to be Open-minded. As a 2017 Boss, we must remain open to the possibilities, instead of complaining about the limitations.  There is a quote by Confucius which says- “ He who says he can and he who says he cannot, are both usually correct.”  We get what we focus on, if you want more possibilities- focus on possibilities.

Stay tunes for part two of this article coming next week.  In the meantime, get out there and be amazing!! This is your year!!

5 FATAL MISTAKES NEW ENTREPRENEURS MAKE WHEN LAUNCHING A NEW BUSINESS

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You’ve got your:

  • Basic 2 pager business plan
  • DBA established
  • Email marketing system
  • Social media plan
  • Basic website
  • Logo
  • Facebook page

Your all set to launch, right? The answer is yes and no.  Many 5 day start-up plans and other quick start systems can be misleading.  An eager entrepreneur can quickly fall victim to incomplete information, which can lead to an unsuccessful launch.  With all that being said, I have compiled a short list of fatal mistakes many new entrepreneurs make when launching a  new business.

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#1- No solid plan for how initial revenue is to be used.  This is an easy trap to fall into, the minute the money starts to roll in, you start spending it. Without a plan, you will soon find yourself without the proper revenue to sustain the business and then looking for ways to keep the business going: dipping into personal accounts, running up credit, taking out loans- just digging a deeper financial ditch to pull yourself out of later- if at all.

 

img_2869#2- Being a One-Woman Band– In an effort to conserve money, most new entrepreneurs become the all in one business person- you do the product creation, sales, marketing, graphic design, distribution, accounting, ……. cleaning- everything.  Realistically it seems like an expected responsibility as a new launch- however, you will soon feel overwhelmed and start dropping balls in areas that will sooner or later be critical to the success of your business.
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#3- Under- estimated the amount of time needed to launch a business.  This is a biggie, especially if you are still working a job.  Ambitious entrepreneurs are usually very busy, especially women who have committed to any caregiving responsibilities.  The mistake is you erroneously believe you can squeeze building a business into an already tight schedule. This fatal mistake usually lead to a breakdown in business growth because not enough time has been spent nurturing the health of the business.

 

img_0375#4- Stop Grinding– Don’t lock the lid on your potential by thinking “I got this” and stop learning.  The moment you stop grinding, your business starts dying.  Grind Theory describes the endless pursuit of success.  Once you reach the top, it’s time to go to the next level.  continues growth and learning are essential to business success.

 

#5- You don’t have a business coach– shameless plug- but his is what I do.  Helping new entrepreneurs avoid such fatal mistakes and build a sustainable business.  The benefits of a coach will guide you through aspects of business development that may not be your strong suit.  For example, if you are opening a day spa, you may be great at product development, service implementation, and customer experience.  However, things such as payroll, quarterly reports, and health codes may not be in your area of expertise.  A coach is there to insure ALL aspects of your business are fully functional, therefore increasing the success and road to legacy status.  Without a coach, you are working with blind-spots, trying to self- educate in areas that require deeper levels of experience to successfully navigate.

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As a new entrepreneur, don’t find yourself making these fatal mistakes, connect with a business coach that can teach you how to build a solid plan, build an effective team, build a time management system that works, and build your business knowledge-base along the way.

Click the link to register for your free- one on one 30-minute business building assessment- learn the areas where your business structure is strongest as well as areas that will need more attention. FREE ASSESSMENT

5 AMAZING BUSINESS TIPS FOR ENTREPRENEURS, THAT HAVE NOTHING TO DO WITH BUSINESS

As an entrepreneur, it’s easy to get lost in the sea of do’s and don’ts on the road to success.  Here, I offer a few great tips on success that actually work and have absolutely nothing to do with business.

Get a pet– sometimes the road to success can get lonely. You need someone who can listen without judgement.  Pets make great listeners and they require you to get out of bed every day, even when you have decided to hibernate until Spring.  I’m a dog person and my fur baby doesn’t let me sleep in- Ever!!  She’s all about the rise and shine.  As an entrepreneur, getting out of bed can be the biggest task of the day at some points on the journey; having a pet makes sure that happens or you will have a literal mess to deal with later.Workout– As if you have time for that right? But really- working out has multiple benefits. It’s a great way to release stress and it builds energy and endurance that your body will need for the journey.  Exercise fosters creativity for a million brain-research based reasons I won’t bore you with.  Build your workout into your work schedule.  Block out one hour at the beginning or mid-day for exercise.  30 minutes to exercise and 30 minutes to shower, change and get back to work.  Think of it as a job requirement- hey you’re the Boss, make it work for you.Connect to a community service project– again as if you have time, right? By connecting yourself to an organization outside of your business, you will see the benefits of your hard work even when business isn’t booming. You will see yourself making a difference in an area that is meaningful to you.  That inspiration will feed you on days when business is less than kind.  Once a month- set a day on your schedule to work in the community, even if it’s just for a few hours.  The impact will reverberate within you and the community you serve.

 

  • Tax yourself-Taxes? You want me to pay more taxes?  Yes- this is your Boss Tax.  Establish a savings account at a bank in which you have no other accounts.  Establish a direct deposit according to a 5K/ year savings plan, depositing amounts from $20-$200/ week in varying increments.

This my friend is your FUN FUND!! Not to be touched until you reach your first 5k.  This is for the vacation you will need each year.  A true adventure.  A chance to get away from it all and recharge your batteries.  #besttaxever

  • Go to bed!!! As entrepreneur, we put in long hours on a daily basis. It’s part of the grind.  However, being sleep deprived will backfire on you and compromise your health.  Set at least 2 days where you can either get to bed early or sleep in, just to catch up on rest.  Otherwise, your body will decide for you:that important meeting you slept thru, the inventory drop you missed, the day you fell asleep on the train and missed your stop- yeah let’s not do that again.  Get to bed, life will be there in the morning.

Why are these tips so amazing? They round out your life as an entrepreneur, which at times can seem like a vortex of meetings, numbers, and expensive coffee.  Incorporating these practices into your routine will build outlets to relieve the stressful moments of entrepreneurial life.  The benefits for your body, community and family are priceless- this is a win-win situation.