At a recent retreat with the members of my Smart Women SOAR Elite program, they had a chance to “rate” different aspects of their business on a scale of 1-10 with one being “Nope, never heard of it” and a ten being “Nailed it.” Together, we focused on the areas that are essential to wildly thriving business success. As one member commented, “It’s like keeping a scorecard on your business.” The key to long lasting business growth is to evaluate periodically what’s working, what’s not working and course correct so that you can continue to gain momentum and accomplish those bigger goals.
Here are five areas to assess in your business now so that 2015 can be the year you soar to a new level of success:
- Your Vision and Mission – Is your vision and mission on track for the New Year? You can get off track in your business if you’re vision isn’t laser focused. I refer to this sometimes as “BSOS” or “bright shiny object syndrome.” When new opportunities present themselves, the key is to ask yourself if the new opportunity or new idea relates back to your WHY. Will this opportunity get you closer to your goal? Avoid spinning your wheels on things that don’t get results and opt for a solid plan of action.
I’ll make this quick as I bet you’re shopping or traveling to loved ones for the Thanksgiving holiday.
You probably know by now about my MOXIE Retreat. But, chances are you haven’t had the time or taken the time to actually read it or make a decision, since you’re one busy woman. I get it and that’s exactly why I created my MOXIE Retreat. I truly want to help and support busy women entrepreneurs, just like you, transform their businesses so they can enjoy their success and create the lifestyle they want and deserve.
No need to read this email…..unless:
1. You consider yourself a success but you have little time to enjoy life because you’re in overwhelm most of the time. (i.e. you are working too darn hard)
2. You’re not sure what has to be done to increase your profits and eliminate your overwhelm… (but you really want to…ASAP)
3. You know exactly what you have to do but you can’t spare 5 minutes to implement the strategies you know will propel your business forward…(i.e. you are stuck)
There’s one slight shift you can make in your daily habits that could reap BIG rewards. In fact, this habit has been linked to better decision-making, creativity, health and even weight-loss. Do you know what it is? Sleep.
Making a commitment (experts say seven to eight hours is preferable) to sleep can create a dramatic impact in every area of your life. In Arianna Hufffington’s new book, “Thrive“, she shares a study from Harvard Medical School’s Division of Sleep Medicine that lack of sleep impacts mood, ability to focus, creativity and generally affects our mental performance. Mental performance is a top requirement for entrepreneurs!
Ever notice when the topic of sleep comes up, the conversation goes something like this: “I only had four hours of sleep last night – working on a big project.” “I had so much work to do that I just couldn’t get to bed before midnight!” Lack of sleep has become a status symbol. If you get too much, somehow this gets translated into: “She doesn’t have enough to do-she’s not busy enough.” Stop the madness. Move away from this mindset.
Remember Lucy Van Pelt in the comic strip Charlie Brown? I woke this morning thinking about one of her famous lines, “I told you so, you blockhead!” Lucy was known for setting up a psychiatric booth in the neighborhood offering advice to her friends for five cents per person. Clearly she caught the entrepreneurial bug early but I’m not sure I’d want to get my business direction from her. : -) This got me thinking about how women entrepreneurs need to be cautious when seeking advice, coaching and mentoring on their road to success.
When I first had the idea to birth Smart Women Smart Solutions®, something happened that nearly convinced me to hang up my coaching hat before I got started. I was attending a party with my husband and shortly after we arrived, I ran into an old acquaintance. I could hardly contain my excitement about my new business idea. After our initial conversation, I blurted out my new big idea and guess what happened? I’ll never forget it. She had this loud, high-pitched laugh that carried across the room and with a flip of the hand, she said as loudly as she could, “Ha! That will never work! Women will never pay for that. That’s why we have coffee meetings and girls night out!” She turned on her heel and waltzed away leaving me there with my glass of red wine and a broken spirit. : -(
The one question I get asked over and over from women entrepreneurs is, “How do you know what to delegate to an assistant?” I love this question because it tells me you realize that you can’t (and shouldn’t) try to do it all in your business and your ready to get the support you need.
Nearly ten years ago when I founded Smart Women Smart Solutions®, I was involved in every aspect of running my business but as things started to take off and my business gained momentum, I found myself becoming exhausted with all the “to-do’s” (remember I had a one year-old and three year-old at the time). I realized that no matter how efficient I was, I’d never get to the bottom of the list plus my energy was in slow drip mode for my family. It’s nearly impossible to take your business to the next level of success if you’re spending your day buried in all the admin work and details. Time to get some help!
I’m sure you’re aware of the old term, “spring cleaning”? Mother nature reminds us that before you add more to your life, it’s always a good idea to let go of what no longer serves you. Like the leaves that fall from trees in autumn, room is made for the new growth that occurs every spring.
I’m finding many women entrepreneurs feeling this way right now (including yours truly : -)). Evaluating your business is a smart move, as long as you’re willing to ask yourself the right questions and give yourself honest answers:
1. What’s Working? So many times, we can forget to look at what’s going well in our business as we have the tendency to focus on problems or challenges. Look through the lens of appreciation and make a list of what is working well. For example, do you have an assistant or team support that is inspired by your business vision and committed to doing their best? Is your business profitable each month?
Although April has arrived, I’m still wearing sweaters and Ugg boots most days – it’s chilly here along the Pacific. : -)
Next week, I’ll be heading to warm & sunny Scottsdale, Arizona to spend the day with Ali Brown where we’ll meet with the members of our 90 Day Coaching Profit System for a special bonus day. We’ve spent the last 12 weeks working with this group online to help them build and grow more profitable coaching businesses and I’m looking forward to meeting these women in person.
Within the last week, I’ve had the opportunity to see the movie “Divergent” not once but twice due to the fact that the movie (and book) is all the rage with girls and my daughter is no exception. It’s your typical good versus evil plot but the twist is a young woman named “Tris” who’s confident, clever and in the end fights for what she believes in and saves the day.
What does this have to do with women and entrepreneurship? I’m getting there. : -) In the story, each member of the society takes a test and from the results of the test, the member has to choose from five structured and narrowly defined categories to live in for the rest of their lives. In essence, you become labeled for life.