While 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’ve been coaching clients on during their private planning and strategy retreats lately:
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 #5) 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 in place a process for how you will handle the abundance that’s too 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 fulling 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.
I’d love to know your thoughts and which one of these four resonates with you the most. Please leave your comments below.
“You either have excuses or you have results. Which one do you have today?”
This was a tweet posted by a former Platinum client of mine, Liz Dennery Marks, owner of SheBrand.com and Dennery Marks Inc., a very successful brick-and-mortar branding and celebrity outreach firm in Beverly Hills.
And it really struck a chord with me. Why? Because I’ve been having that conversation more often than ever lately, with both clients and colleagues.
So let’s see if I can help you figure out which is true for you:
Think of *one thing* in your business right now that is frustrating you.
Once you have that ‘one thing’ in mind, what was the next thought that popped into your head?
Was it…
– I’m waiting for so-and-so to get back to me first.
– I don’t have the time, money, resources.
– I don’t know what to do next.
– I’m not sure this is right for me.
– I’m feeling lost, confused, unsupported.
– Anything thought that has ‘yeah, but…’ in it
All of these thoughts and feelings are absolutely valid. And they are all excuses. Choose a different word than ‘excuses’, if you’d like, but if you’re not moving forward and getting results, then I’m going to suggest that the issue isn’t truly any of the above.
By the way, I worded it that way – ‘what’s one thing’ – on purpose, because how we do anything is how we do everything.
And that’s my intention here – to shine the light on the fact that as long as you focus externally as the ‘reason’ something isn’t working for you, you’ll continue to be frustrated and stuck.
I had a client who was frustrated by what she considered to be my lack of support of her and her business. When she shared this frustration with me, I didn’t get defensive or take on her frustration. What I did do was ask her a series of simple questions that drilled down to the real issue.
In this case, it was that she wasn’t taking any action, including asking her coach (me) for the support she needed. Once she realized that she had everything she needed to move forward, including the very help she was paying for, everything shifted for her. She began asking for direction and implementing the information she already had, and her business started flowing immediately.
But more than that, she realized that she was doing the same thing in her personal life with her husband. She was frustrated by his lack of support, and yet as soon as she asked for it, he immediately sought out ways to help her.
So let me repeat:
How you do anything is how you do everything.
Think about that.
Are you like many online business owners who are confused or stuck when it comes to creating a unique, memorable, and authentic brand? If so, you're not alone. I've been there myself, so I understand the frustration of feeling stuck on this whole branding thing.
But once I discovered that if I looked at it from a completely different perspective, that my brand wasn't just about my business, but about ME, everything shifted.
Creating your brand from the inside out allows you to fully step into your business identity in a truly authentic way. It's also the easiest way to stand out in the sea of others who do what you do.
So, if you're stuck, let me give you three things you must be clear on in order to create a truly compelling and unique business brand.
Strategy 1: What results do your clients experience from your service?
One of the exercises I do with my Platinum clients is have them generate a long list of the results their clients get from working with them.
You can easily do this right now. Just complete this sentence 30 times:
The results my clients get from working with me are ___________________________.
If you get stuck, here's my secret: Send this question to your clients so they can tell you the kind of results you're helping them create!
For example, when I asked my own clients this question, here's some of what they shared:
"The results I get from working with Alicia are…
– clear, easy to follow instructions on strategic Internet marketing techniques
– insightful advice from a trusted mentor who understands my business
– generous knowledge and expertise, honest feedback and support, focus and direction
– more clarity on which steps to take to experience more alignment with my business/life purpose
– I now see the bigger picture and base my decisions on the whole of my business, rather than just the next thing.
– stretching me in ways and areas that I could/would not do on my own.
– more clients, more money and more fun in working with my business.
– getting me out of my comfort zone so that I discover what is possible when I play a bigger game.
– more clarity and awareness around time sucking activities that I am engaging in so that I can STOP doing them.
Strategy 2: What are you an expert at?
Once you have a solid and in-depth grasp of the value you bring to you clients and the results you help create with them, you should easily be able to define what it is you're an expert at.
Complete this sentence: "I'm an expert at________________________."
Strategy 3: What does your brand promise?
Let's take it one step further…
Your brand promise is a statement that is pretty specific. It's true regardless of the program, product or service you may offer. No matter what the program, product or service, it always fulfills your brand promise.
And just to be clear, I'm not talking about your marketing tagline. What I'm talking about goes much deeper than that, to the very core of what it is that you are so passionate about providing to others.
My brand promise is, "I passionately inspire women entrepreneurs to breakthroughs in their business so they create the life they ache for."
So, my Platinum programs, Online Business Breakthrough Brainery, 21 Easy & Essential Steps to Online Success System and Take Action Group, Coaching Cafe, and the rest of my offerings all fulfill this brand promise.
Here's one from one of my Online Business Breakthrough clients, Dale Carter at TransitionAgingParents.com:
"I provide trusted information and personal insight to inspire adult children to passionately pursue, for their aging parents, the quality of life their parents hunger for."
So everything that Dale offers to her specific market fulfills this overarching promise. Dale knows what she is an expert at and that shows up in her brand promise very clearly.
So, what does your brand promise? What is it that your clients can count on you for?
The formula for an effective, compelling, memorable, authentic, fun and fabulous brand is really very simple:
"I get X results for my clients, which makes me an expert at Y, which means they can count on me to provide Z."
Voila!
(c) 2009 Alicia Forest
About the author: Alicia M Forest, MBA, 6-Figure Business Breakthrough Mentor, teaches self-employed professionals how to attract more clients, create profit-making products and services, make more sales, and ultimately live the life they desire and deserve. For FREE tips on how to create wild abundance in your business, visit http://www.ClientAbundance.com
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