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Are You Creating a Job or a Business?
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A job is different from a business. When you have a job, you are helping somebody else make money for himself. When you have a business, you will make money to pay people helping you make money. People want to indulge in business to have freedom. The sad reality is there are business owners who actually treat their business as a job. If you are creating a business, it can run without you. Your business is a job if it cannot function without you.
If you wish to create a business rather than a job, you should first create a powerful company culture. You can do this by establishing the core purpose of your company and then believing in it. You also have to find people who believe in the purpose. Never work with people who do not believe in the objective of your company. If you want a powerful culture within your company, work with the right people.
The next thing you should do to create a business rather than a job is to develop processes and systems permitting your business to operate even if you are absent. If you do not want to have your business as a job, work with employees who run to you for company problems. Do not dictate what to do but train your people to find out the cause of such problems and then look for a system to produce solutions in the future that do not necessitate your involvement. Make sure to document this system so that you can use it to train your personnel. In short, train your people for them to run your company.
To create a business and not a job, do something to make the market go to you instead of letting your people do all the selling. To make customers come to you, treat them right and be with them if they need your presence. Make sure to stick to your promises and then finish what you begin. Always say thank you and please to your customers as they appreciate gestures of politeness. All these will let your customers market your business for you to their own friends.
Have a strategic plan for your business and do use it. To make use of your plan instead of ignoring it, your priorities must be broken down into daily, weekly, monthly and quarterly activities.
In summary, to create a business rather than a job, you need to have the right people whom you will train, put up a system, be nice to customers to continuously earn profit and have a strategic plan which will guide you every day.
Reactive vs Proactive
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Knowing if you have a reactive or proactive business will help you make it successful. Two of the styles of management are reactive and proactive business. These styles are done once the business is set up and operating and if changes need to be done to boost or sustain a market. These styles have their advantages and disadvantages and using either of them depends on the kind of business you have.
If you plan ahead and anticipate the problems your business may encounter, your business is in a proactive mode. You usually study your market so that you will know the trends before they happen. If you wait for the problems your business may encounter before you address them, your business is in a reactive mode.
When you are proactive, problems are eliminated before they sprout and you can execute your tasks more effectively. You may extend the planning process though and without you knowing it, you may over-plan because all options and ideas are assessed.
If you are reactive, you simplify the entire planning process. Thus, you would be able to act quickly. Problems that are unpredicted may arise however; thus, you may need more effort and time to solve them.
When you do proactive management, your customers’ needs are met even if they do not ask for it. You implement proactive management by adding product or service protocol, or updating your storefront or marketing materials before your customers ask for it. When you do reactive management, you adjust to the changing needs of your customers. You conduct reactive management when you do all these things once your customer requests for it.
Proactive management needs continuing research expenses via customer surveys, general market research, implementing changes and data mining. Reactive management acquires expenses when these changes are applied.
Proactive management is usually used with businesses having so much competition and when the market share level is unstable. Reactive management is used with businesses having fewer rivals and a target market gradually altering.
To maintain a successful business, you need to know the benefits of being proactive and at the same time you always have this enthusiasm to act. You should therefore balance correct planning and efficient execution to achieve success. A proactive solution that is well-planned has the potential to succeed and very minimal chance to incur excess stress. You should therefore have proactive contingencies readily available so as to face problems easily rather than develop reactionary contingencies only at a time a problem happens.
Assess your business first and see if it is in a reactive or a proactive mode with these tips.
Does Money Grow on Trees?
By · CommentsI am sure we have all heard the expression, money doesn’t grow on trees at some point on our life, right?
I do believe that money does grow on trees, and it is as abundant and plentiful as air or water.
However, I have to admit, not too long ago, I didn’t have this belief. I was sitting on the deck in our new home here in Dallas drinking a cup of coffee and thinking how incredibly blessed and thankful I am for my amazing life and wonderful it is not worry about money anymore.
It’s actually the most free I have ever felt in my life and I attribute that to one huge decision I made for myself, my family and my business and the ripple effect has been outrageous.
It all started with a decision on made on a private VIP strategy day with my coach and mentor and my life and business has never been the same, seriously, from 5 figures a year to 5 figures a month, in less then 4 months. My mentor would say, Kim, you can change it and can change it on a dime, and now that I am consistently making 28k per month since then I believe and for me money really does grow on trees and it can for you too!
I thought about what did I really do to have these massive shifts in my business and the massive success in such a short period of time and I want the same for you. So I have put together a special offer for you because I want you to have the same success as me or greater.
Here’s what it looks like, I am going to be opening my calendar with 5 spots for virtual or in person VIP Strategy Days, for those of you who are serious and want to take action NOW and have success NOW.
VIP Days Include:
- Pre-questionnaire to complete prior to VIP days so we can maximize ways for you to create success during our time together.
- Spend the day with me (4 full hours) to get clear on your next steps, have a clear plan to achieve them
- Email support from time of scheduling until one month after your VIP Day.
- Two follow-up calls (or one prior to get clear on what you want) to solidify the work and help you in case you get stuck and to keep you on track.
Are you ready to have massive success in your life and your business?
- Do you want to grow your business and fast?
- Do you want to have a clear plan to get you where you want to go?
- Do you want to have money grow on trees for you too?
- Do you want to have freedom in your life and your business?
Than I encourage you to take action now, schedule a call with me to see if a VIP Strategy Day
Together we will dive deep into your mindset and your business including:
- What’s getting in the way and what do we need to shift so you can have massive success NOW
- We will look at your big picture goals of what you want to create and why – where you are going
- We will look at and/or create a plan for new revenue streams (or to revive old ones)
- We will look at your business systems – so we can set you up to have a freedom based business instead of you being a slave to your business!
- And whatever else comes up throughout the course of the day
At the end of our day together you will walk away with your implementation plan and list of exactly what steps you need to take in order to bring your plan to fruition and create massive success now!
VIP Days can be done in person (in Dallas, TX) or virtually.
I am really picky about who I work with so I want to make sure we are match and I am best person to help you
==> Click here to schedule a complimentary call with me to see if a VIP day can help you sky rocket your success!
How to Prioritize Your Ideas
By · CommentsPrioritizing is thinking rationally what comes first. You think of a lot of ideas for your business to succeed. You need to sort these ideas out and see which of them should be done immediately to help you gain your goals.
The first thing to do would be to decide which of your ideas are really worth keeping and pursing. List all of them down and see which are more pressing or appealing, what their consequence or outcome would be once they are completed, and what kind of effort is necessary to complete such ideas. After a careful review, you will find out which are realistic and which will help your business to succeed. Delete those that are presently unrealistic and unimportant.
Once you have a short list of ideas you will work on in the near future, decide which shall come first. Utilize a well-formed outcome for this so that you will comprehend your idea more, be aware of the reason you are pursing it, know what the necessities are to have your idea implemented and what the outcome shall be. These are vital details that will help you determine the chronological order of your ideas.
Once you work on many ideas all at one time, you may not be able to accomplish any of them at al. You may even do a half-baked job for all of them. When you work on too many things at once, your family, friends and colleagues may resent you for that as you will no longer have time for them.
Try to work on just a couple of ideas at one time. Check your list and do the first two to three ideas. This shall help you focus on them; thus, you would be able to think of how they would best be implemented. You will then be able to save not only your sanity but your relationships with people you care about as well as your money.
Decide on the amount of time you wish to pour on your projects every week and then determine the number of ideas you will work on. The purpose for this is to achieve a balance in all your commitments.
You need to ensure you get the best ideas and implement them so that your business shall flourish. If you do too many things at once, you lose focus and direction which may eventually make you lose your business. Learn to prioritize your ideas always when it comes to your business.
Do You Have a Follow Up Plan?
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In business, it is important to have a follow-up plan or scheme so as to gain customers and keep them coming back. It is not enough to inform people about your business, but you have to make follow-up efforts to get them to buy from you not only once but a lot of times.
When you have a follow-up plan, this will help make your business grow. Statistics say that only less than 52 percent of business owners actually follow-up business prospects thus, you have a chance to beat your rivals. Eighty percent of sales are done the 5th to the 12th time a salesman contacts his customers in a market that has heavy competition. This means you can eliminate your rivals simply by making follow-ups.
When you make follow-ups with your customers, never forget to show appreciation and gratitude. Prior to communicating with them, think about your customer and the last time you met. Try to remember if you talked about something which helped you in any way or made you learn a new thing about your business that can make you win more customers. Check if he gave you leads or referrals or anything beneficial to you. Call him and thank him for that. Afterwards, mention your business again.
Try to remember how somebody said thank you to you via email, text message, a phone call or a personal meeting. Recall how you felt when that person offered his thanks. That is the exact feeling your prospective customer feels when you show or verbalize your appreciation. It builds a stronger bond with him which can lead to a close relationship. When a relationship is formed, your prospect will be encouraged to become a buyer and he shall voluntarily refer more customers to you.
Once your customer makes a purchase, thank him immediately. You can give thank you cards to your new customers or those who make another purchase. You can also write a buying customer an email thanking him for doing business with you. You can add a feedback form and further information for additional support and service if he needs it. Assess the future needs of your customer and then contact him by phone, direct mail or email to remind him of your products and services.
The whole key to the follow-up plan is to make your customers feel appreciated and wanted. Those who do feel valued will be loyal to you and shall keep coming back to you. If ever your customer was not pleased with your service the last time he transacted with you, do these steps in this article to win him all over again.
Are You in Control of Your Money?
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Many people feel they do not have control of their money; thus, they end up in a financial rut. Being out of control financially means you buy things you do not need with your credit card, incur a debt which you will not be able to pay, dismiss unpaid bills, not paying your insurance because of your debts and so on. Later on, you buy something expensive that you do not need and the cycle goes on, but you spend more money and earn more debts this time. You become scared and you avoid responsibilities which make you step into the wrong path. Before you know it, everything is just out of control.
For you to control your money, decide once and for all to pick yourself up regardless of the financial crisis you are in. Do this even if you do not have money. Check your assets and liabilities though this may be a scary thing to do. When you acknowledge your real financial condition, the fear will slowly evaporate and will no longer control you.
Have a budget plan and know what you buy. Always keep track of your daily expenses. After a month of doing this, you will know what are your unnecessary expenses and the things that contribute to your loss of control. When you are aware of these, you will have more choices coming your way.
Ask yourself why you have such spending habits and the explanation you have for purchasing the 5 items you last bought. Know the reasons for taking out your last loan and making such an investment. Try to recall why you bought a car and a house and if these reasons were because they were a necessity or if you just wanted to please someone and be admired. If you find out from all these questions that outside factors dictate your decision-making, you will all the more be unable to control your finances.
Do not discard your unpaid bills and check them out one by one. Be aware of where you financially stand and acknowledge that you are the lawful owner of the things you possess.
In the following quarter, do something different. You can start saving an additional $100 from your earnings, pay extra money to your debts or take a course in business or financial management. Do anything that would help you control your money.
Once you have personal integrity and are responsible enough, you will be more confident in handling and controlling your money.
