Search

Can Changing the Way You Think Really Help Grow Your Business?

December 15th, 2011

Most business owners today aren’t happy with the amount of revenue their business is generating. They’re working longer hours, applying greater effort, spending more for marketing and receiving lower revenue. So what’s going on?

If this is happening to you, it’s important to remember that those results are in direct proportion to the actions you’ve been taking? If you want different results, then you MUST take different actions.

So if that’s all that’s required, why don’t business owners just do that? The answer may shock you. They can’t stop repeating their past patterns of behavior. Their past patterns have become ingrained into their subconscious mind and have established themselves as habits.

How This Works:

Have you ever listened to art experts accurately identify a recently discovered painting as belonging to a specific artist such as Rembrandt? How can they tell who painted that picture? Patterns… that’s how. Even though the painting may look completely different than all the others that artist painted, his or her patterns, sometimes referred to as their “style,” continuously comes through with each and every painting.

The exact same thing happens to business owners as well. All of us have been mentally conditioned to perform our daily activities in a certain way. These activities have become habits through constant and daily repetition. The problem is that the majority of these habits… more than 80% of them… are non-productive. They simply don’t contribute to the generation of revenue for your business.

Imagine Your True Potential!

Imagine what would happen to your revenue if you could reduce that 80% down to 60%. If you replaced that 20% with revenue producing activities, you would DOUBLE your income? Do you know how easy it is to reduce that 80% down to 60%… or even down to 40%… which doubles revenue again? Exciting, isn’t it?

So, what is the cost to you and your business if you fail to change this behavior?  What if you could devote more time and take action on more revenue producing tasks?

What if you could remove the mental barriers that may be sabotaging your success?

What if you could get laser-focused on your highest revenue -producing activities?

How can you learn to do all of this?  Join me on my upcoming webinar ‘Change Your Game in 2012’ and have your best year ever!  I’m going to show you what to look for that’s holding you back and preventing you from having the kind of business success you truly deserve.  I’m also going to show you how to establish a systematic way of running and growing your business so 2012 doesn’t end up being a repeat of 2011!

Why am I doing all this and not charging for it?

My past 25 years of management, marketing and sales in some of America’s most successful companies has given me a wealth of experience (and hard knocks) on how to effectively and profitably build a business and sharing it with committed business owners is the least I can do to support the small business community.

If you want to participate, simply follow this link http://bit.ly/ChangeYourGamein2012  and register.  I can only accommodate a certain number of people, so sign up today.  Additionally, you will receive my e-book on the 17 tops ways to grow your business just for registering for the webinar.

Changing the way you think starts with taking action on different things.  Committing yourself to learning a new approach to business building is a great way to begin the new year!

November 30th, 2011

If you own a small business, networking should be a key component of your overall marketing strategy. Networking is the best way to build relationships with people in your community at a personal level. It’s the only way to convey who you are in real life; something that will earn a tremendous amount of trust, confidence and credibility if done properly.

Networking can be very intimidating for some business owners. It requires being able to walk into rooms full of people you don’t know and feel comfort approaching these folks with a welcoming smile and an engaging hand shake. It also takes time and some money to participate in the myriad of events, socials, grand-openings, workshops, presentations and lunches that are available each week to business owners who are already working long hours just to run the businesses they have.

Whether you are a networking maven, someone who doesn’t think it will generate business or someone who is terrified of the prospect of going to these functions, it’s important to recognize that marketing strategies have shifted from traditional media and relentless advertising to more social interaction. For the majority of businesses trying to create a brand or a market presence, social interaction is the fastest way to get the word out about `who’ you are and `what’ you do.

As a small business advisor, the most common complaint I hear about networking is the low payout for the time and money invested. Make no mistake, networking can be a time-consuming endeavor and if not approached with a plan, can be reduced to eating too much fatty food and having coffee with people you’ll never see again. So how do you make the most from your networking efforts?

If you’ve had hit-and-miss results with networking, here are some tips you can use to create a strategy to get greater results from your networking efforts:

1. Decide what you want from networking:
Expectations play a huge role in the results you get from working the room. Decide whether you are looking for customers or wanting to make connections with potential referral partners. Referral partners are business owners who focus on similar customer targets.

Originally posted 2009-09-18 11:15:00. Republished by Blog Post Promoter

Management Effectiveness: The Value of ‘NOW’ in Business Decisions

November 30th, 2011

Want to be more effective at managing your business? Make decisions quicker and take action sooner! 

How do you feel after you’ve decided on something important in your business and you’ve taken the first step towards making it happen?  It’s like a shot of caffeine or the sensation of just winning something!  You feel good about getting it started (or done) and relieved that you don’t have to think about it any longer.  Unfortunately, for every good decision that gets put into practice, there are many more that simply miss the boat of opportunity. 

To be sure, it’s most important to consider your options and seek advice if you aren’t comfortable with the subject before deciding to move forward. Many times, however, the research people continue doing or ‘that’ additional person they feel needs to be consulted with, only drags out the deliberation process causing good, timely decisions to get dropped. 

If you find yourself spending too much time sifting through mounds of information and thinking about everyone else’s opinions; afraid to take action because ‘what if you’re wrong!’, you are already in a bad spot.  Making good, confident decisions and acting on them is a behavior that takes practice.  Like every other body part that needs exercise, your brain needs to be trained to evaluate, deliberate, decide and move forward.  After all, the fun is in knowing you are engaged in doing something, right! 

Set a Deadline and Stick to It:

Regardless of how important or how big the decision is and what you must commit to in order to make your actions successful, set a date when your decision will be made.  Align this date with whatever factors determine the opportunity’s availability and make a hard commitment to act by that time.  If you do your homework and decide it’s not for you, you will still feel good that you made a conscious decision not to move forward.  Having to walk away from things because you waited too long only contributes to your continued inability to move in a timely fashion. 

You Don’t Know What You Don’t Know:

This is a symptom of a great idea that opens up a whole new area of opportunity for you. The idea maybe something you have been mulling over for awhile or a suggestion by someone else that got your cerebral juices flowing.  Let’s say you have an industrial tool making business and a friend suggested you look for government contracts.  You think, ‘wow, I don’t get any of the government’s business- I need to do this!’ But then you realize you have no idea how to start this new revenue venture.  It’s likely going to take time and money to meet whatever requirements are needed and the ability to connect to the right folks.  Just thinking about where to start could keep this decision from ever getting off the ground. 

One thing to consider is checking to see if there are people that provide this service as a business.  Just by Googling ‘government contracts for small businesses’ you’ll get a list of services to contact.  You could also ask among your business contacts to see if anyone else has done this.  This usually works best as anyone who has been there is likely to want to show you the ropes. 

The debilitating effects of too much information:

I’m not talking about a TMI moment you experience while having dinner with someone.  I’m referring to the endless sources of information available to anyone who likes to do a little research.  If you don’t limit your sources, you can literally stay in investigation mode forever!  Pick 3 sources of information that pertain to your decision and get what you need from each.  If you are unfamiliar with the area of interest, look for websites or books that can bring you up to speed on the ‘ins and outs’.  If other  people’s opinions matter, find a website with reviews to look at.  If the issue at hand involved a major area of your business that you’d like to know more about, seek out a trusted expert to fill in the knowledge gaps.  Then, weigh the pros and cons and decide. 

Consider someone who can help you through the decision making process:

Taking action has benefits in so many areas, it’s a shame most people feel more secure waiting for someone or something to give them a sign.  If you typically wait and often regret not moving sooner or faster once the opportunity has passed, consider getting an advisor to bounce ideas and actions off.  Many times, you already know the correct direction to head in, you just need confirmation that everything has been weighed and considered before committing yourself.  In the end, your life will be less complicated and your confidence much greater when you tackle decisions promptly and make decisions that move you from deliberation to action. 

 

More Business Growth Resources:

If you have an important decision to make or an area of your business that needs to change and you want some objective input, go to http://www.growthsourcecoaching.com/Need-Answers-Ask-Steve.html or visit www.GrowthSourceCoaching.com and get help moving forward. 

If you would like more information on various topics having to do with small business growth strategies, tune in to Steve’s weekly Radio Show on BlogTalk Radio- ‘The Small Biz Growth Show’.  Each Tuesday at 11:00am (PST) and Thursday at 1:00pm (PST), Steve and his co-host, Cash Miller, discuss specific business building topics that small business owners can take action on.  http://www.blogtalkradio.com/the-small-biz-growth-show

Originally posted 2011-09-28 15:38:34. Republished by Blog Post Promoter

Connect With Me!
Steve Smith- Small Business Coach

Steve is a leading expert in business growth strategies for small business owners and entrepreneurs with an internationally recognized blog and radio show that he hosts. He has written articles for over a dozen business websites and other on-line resource sites, and has been featured in the Wall Street Journal, OC Talk Radio’s Smart Money and Talent in the Southland. He has established the first on-line business advice service- Need Answers, Ask Steve that offers business owners complementary professional advice on important issues and pending decisions. Recently, he has redefined the business evaluation process that identifies critical gaps in business strategies so business owners can find and implement solutions faster.

Steve specializes in working closely with owners and executives to transform company performance levels through more effective go-to-market strategies. His clients benefit from his prior experience directing regional and national sales teams that produced from $45 million to over $100 million in revenue and his background in consumer products, selling and marketing some of the most well recognized brands in the world. His 25 years of excellence in management techniques, marketing strategy, sales results and operational efficiencies gives him an acute sense of how to build and run a business that will operate efficiently and profitably in many geographically and economically diverse markets.

Steve Smith is a graduate of Frostburg State University, Frostburg Md. with a degree in Business Management and concentrations in accounting and sociology. His knack for evaluating situations and creating innovative solutions makes him a valued resource for small business owners, professionals and executives.

Steve and his wife, Sharon, recently adopted a retired Greyhound racer named Ramsey who loves eating, sleeping and playing on the beach.