How to Overcome the 4 Most Common Struggles of Every Entrepreneur

4 Most Common Struggles of EntrepreneursWhile the message and the market of your business may be different, there are some stumbling blocks that seem to pop up for even the seasoned entrepreneur.

Here are four of the ones that I frequently coach on with my private clients:

1. Not moving ahead even when they know what to do.

Almost always, this is a fear-based immobility. Whether it’s fear of failure or fear of success (the later seems more prevalent for entrepreneurs, including myself).

We come up with all kinds of excuses as to why something isn’t getting done, but most often it has nothing to do with anything other than fear of the possible result of moving forward.

If you’re afraid of failing, remember that in our online world, we get to test things out with very little risk. My favorite strategy is to ‘fail fast’. Put it out there, see what happens, tweak until you get the result you want.

If you’re afraid of success, then you need to take a look at your Big Money Why (BMW – see #4) to see how you can make it more powerful and motivating (tip: money is never enough of a motivator, believe it or not). And you need to put a process in place for how you will handle the abundance that’s to come.

2. Being self-disciplined enough to make and stick to self-imposed deadlines.

The wonderful thing about being an entrepreneur is that you’re your own boss. The tricky thing about that is most, if not all, of our deadlines are self-imposed. Which makes them very easy to move, doesn’t it? I know because I’ve struggled with this one more than once.

If we go back to knowing what your emotionally driven motivator is for the success you desire, you’ll be more likely to stick to those self-imposed deadlines – but only if that BMW is strong enough.

Here’s a simple but very powerful tip for you in sticking to your own deadlines: Make them public. When I launched my first info-product, I told my ezine list that they would be able to buy it on a certain date, which gave me about 3 weeks to get it done. And done it was.

3. Claiming leadership status and fully stepping into the role of the CEO of your business.

Once an entrepreneur gets the foundational pieces in place for their business, it’s actually easy to stay in the start-up phase, because it’s comfortable. And because often they don’t know what the next step is, what the next layer of the business should look like, to take them to the next level.

The sooner they can take on the leadership role, by becoming the CEO of their business (even if they don’t call themselves that), the faster the growth of both the entrepreneur and the business.

One of the ways you can step more fully into that role is by delegating. So if you’ve been in business for a couple of years and you’re still doing too much of the managing of it, and especially if you’re doing all the admin work, and you haven’t hired an assistant yet, it’s time. Start with one small project and add from there.

For every task in your business, ask yourself, “Is this something I should be doing?”

Because remember, even if you CAN do something doesn’t mean you SHOULD.

If the answer is no, then pass it off to a capable assistant.

4. Having an emotionally driven motivator for your Big Money Why (BMW).

This is probably the most important one…

Money is NOT enough of a motivator, no matter how much you want it, or are attached to the ’6-Figure’ or “million-dollar’ mark. There has to be a reason behind wanting it, something that is so strong that it drives you and the business forward, no matter what.

If you find things aren’t moving as quickly as you’d like, or it feels too hard much of the time, or you just aren’t using your time and talent effectively, take a look at your Big Money Why. And if you haven’t done this before, then that’s your coaching homework.

In as much detail as possible, write out why you want the financial success you do. Is it to give to your family, is it to give to others, is it to create a charitable foundation, is it to take care of elderly parents, is it to enable your children to get the best education you can give them, is it to travel and expand your world view, is it to buy a nicer home for your family, is it to give experiences to those you love – they are a thousand reasons why, but you need to be very clear of what they are for YOU before you can make them happen.

Inside the Lively Biz Business Club, we focus a lot on your Big Money Why, as it’s one of the most powerful exercises for shifting the members into passionate action in their business.

Click here to get on the wait-list to be first to find out when the Club re-opens

How to LEAP Forward in Your Business (and Personal) Growth

For the first year in my business, I tried to do it all alone. Then I joined a group here and there, mostly free forums and free classes. And they helped some. But the real momentum and shifting came when I joined a paid mastermind group.

It was $5400- and at the time, I couldn’t afford it. And yet, I couldn’t afford not to get the expert help and the group support I so desperately needed so I wouldn’t have to resort to getting a J-O-B.

The first year in that mastermind took my business from $15k to $43k. Ok, so not to a million bucks or even 6 figures, but I was pretty darn happy with tripling my income, considering I was still only working about an HOUR a day on my business, as I tended to my young family.

The second mastermind I joined had some private coaching peppered in, and that year my income doubled, getting me to just shy of that $100k mark, while still only working about 15 hours a week.

Then I took the big leap into a high-level private program, and that pulled me into the 6-figure+ mark, with a net of $127k cash in the bank. And I still only worked less than part-time AND took the entire summer off (again).

I’ve been leading my own successful masterminds since 2010, and I’ve noted three things that seem to help the members make the BIG shifts they’re seeking:

  1. Focus

In our intimate mastermind, you get to focus on monetizing what you already have or are about to create. You get to focus on where you’re headed, instead of staying stuck in where you are. You get to focus on getting crystal-clear on who you’re serving and how you love to serve them, within a structure that honors your highest values.

  1. Implementation

You get the support you need to implement everything you already know (and especially the things you don’t) to get money in the door sooner than later, all while honoring your values and lifestyle. And when you invest in yourself at a high level, it spurs you into taking the big leaps so you get the most out of your investment (that certainly happened for me!).

  1. Sacred Support

You get the kind of support from the other members that may be really hard to find otherwise. Your spouse, best friend, or mom may not ‘get’ what you’re doing but your mastermind members do – and they are available to you in a moment to help you push past your fear, give you that next piece of information you need to take that next step, listen to you vent, offer advice and suggestions on how to move past any challenge, and giving you loving support whenever you need it.

So here’s what I know:

When you’re going it alone, it can be much more difficult to focus, to implement and to get the kind of sacred support we all need to bring our messages out into the world in a much bigger way.

In the beginning, I resisted this – I thought I liked being a lone-ranger. But once I open up to the possibility of allowing a group of lovely like-minded people to support me (and vice versa) everything changed in my business – and my life – for the better.

In my Lively Biz Mastery, you get this kind of personalized coaching and sacred support from an intimate group (max of 12) of other like-minded and lovely lady entrepreneurs.

Interested? Limited spots open in a few days so join the VIP waitlist here.

Make Your Desire Bigger Than Your Doubt

If you’re wondering if you can make your online business work, here’s something I often say to my clients and members…

Your desire has to be bigger than your doubt.

And in order to get there, sometimes we have to MAKE our desire bigger than our doubt.

So, think about why you want to have a successful business? What’s driving that desire? Journal that out. Talk it out with a supportive colleague or your coach. Get deep in touch with that.

Because it’s usually not IF, it’s HOW that causes the doubt.

And when we connect – emotionally and energetically – to our deeper why, we often find the HOW. ❤️

Break the Rules

“Break the rules.”

But I didn’t understand what that meant. Well, not in business, anyway. I’d broken the rules plenty in my personal life over the years.

But in business, I thought I was breaking the rules, by having boundaries and following my intuition and creating a calendar that worked for me, among other things that other entrepreneurs raised their eyebrows at.

It’s been a few years since I’d asked for clarification on what was next in my business when this particular piece of advice came through (quite literally from my guides ;-)).

I’ve only just understood it now.

It’s not just about having boundaries. It’s about tightening up who and what they even apply to. It’s not just about following my intuition, but trusting that my deepest desires ARE my intuition. And it’s not just about creating a calendar that works for me, but also about creating a calendar that allows me to have a much greater impact much sooner.

Breaking the rules means not worrying about what others think about what I’m doing – or not doing. It means standing stronger in my resolution to serve myself first so I can serve others better. It means doing it my way, no matter what, and trusting that as long as my intentions are good, all will be well.

How that plays out going forward is exciting, liberating, joyful and life-altering for me – and I can hear clearly and distinctly, “It’s about time!” in my head and my heart. 🙂

Personally, my priorities are always to take care of my family first, then my inner community, then my outer community. That includes several initiatives that aren’t served by sharing publicly (and frankly would only be self-serving if I did). It’s included stepping back from being online earlier this spring to have the time and energy to dedicate to those initiatives. As they continue on, this is my best and most powerful way to contribute – and it feels right too.

Business-wise, it means letting go of some things that no longer align with who I’m becoming and where I’m going and how I can best contribute. It means being on purpose with my purpose. It means more of what I love to do and unapologetically cutting out the things I don’t love to do – no matter how popular they are or what other people consider ‘musts’. Nope, no more. It’s time for my brain to step aside so my heart can lead.

For me, this is doing it my way.

Want some help with doing it your way?

I’m putting together a practical step-by-step guide on the how (because I am the how-to gal ;-)) for my Lively Biz Business Club members. If you’re interested, go here to find out more when it’s ready.

Cheers,
~ A

 

How Much Money Do You Really Need?

I’ve personally invested over $100k in my own business education
(not including my MBA) and I’ve leveraged that investment into
over $1 million dollars in sales.

I’ve always said that I will make my million – in my time and on my terms. And I’ve done just that. Did I make it in 12 months? Nope. In 3 years? Nope. It took 8 years. But I did it on my terms (keeping my family first) and in my time (less than 15 hours a week on average).

And because I’m sensing this strong undercurrent of desperation in many business owners about making 6 or 7 figures, I wanted to invite you to take a different tact:

Ask yourself, what’s the least income you can make right now and still live a happy life?

Not ‘I want to make a million dollars by the time I’m 40′ and you’re 39 now and the most you’ve ever made is $50k. Not ‘I want to make 6 figures by the end of this year′ and your current monthly revenue is $2k.

What’s the least you can make that will take you to that very next step in your vision – not the BIG vision – but just the next bump up?

What’s the least amount of money you can bring in that will give your current lifestyle the boost that will make you smile, that will make you feel and know you’re moving forward, and that will continue to motivate you onward?

Here’s how you can figure it out for your own business:

Step 1: Get cash clear

Get crystal clear on how much money you really need to live the lifestyle that you’re happy with, not the one you’re striving for (I guarantee when you give up this grip, money will flow more abundantly to you).

This may mean having a conversation with a spouse or partner. Do it. Especially if you are in a financial partnership with someone else, you’re likely not the only one feeling the push and the pressure for more. Do yourselves both a favor and figure out what’s the minimum level for you. You may be able to give up or put aside one or more of your current income streams so you can have more of the time freedom you crave, knowing you still have enough to enjoy your life.

Step 2: Be sure all your eggs aren’t in one basket

If you’re relying on high-end pricing and programs to carry your business, you may be setting yourself up for a financial fall. Your clients and customers are being more and more discriminating about where they’re spending their money.

Be sure to have different ways in which you can serve your market, not just one-on-one. Offer lower priced programs and products to help more people as well as to diversify your cash flow.

Step 3: Build your business around your life

This is a mindset shift for many people. But if you’re in business for yourself, isn’t it so you can design the life you want to live? Not so you can work more, but so you can work less, and still enjoy a great life with the income to support it?

In order to do that, you have to schedule your life first, then your business-building activities around that. This is how I’ve been able to take off 3 months every summer for the last 15 years. My business doesn’t suffer; in fact, it grows because of my commitment to this principle.

Figure out how to make the money you want for the next level of your business (again, not the BIG vision, just the next bump up) in the time that is left after you’ve planned the life you want to live first. Then ask for the support or hire the team you need to help you make this happen.

When you put your life first, the time towards what makes you happy, the focus on just the next bump while you tend to LIVING, all the ‘more’ you want (which we all want, by the way – we are all here to grow and to be, do, and have more) will come. This I know for sure.

10 Ways to Earn More, Work Less, and Enjoy Your Summer

If you’re anything like me, you start looking forward to summer as soon as the calendar flips to a new year. 😉

Why not take advantage of summer’s slower pace and people’s more casual attitudes and plan to not only take time off but to make some money while you do?

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