Practical tips for achieving your goals
Are you feeling stuck in the weeds of your online business? Are you struggling to grow and scale, despite putting in long hours and hard work? If so, you're not alone. Many online business owners face these challenges at some point in their journey.
The more you focus on your goals, the more likely you are to achieve them. Here are some practical tips to help you stay focused and achieve your goals.
Pricing for Profit: Boost Your Bottom Line
Pricing is a crucial element of your business strategy — one of the most critical decisions you’ll make in your business. Pricing is a balancing act between making a profit and being competitive in the market. Finding the sweet spot between the two can be challenging, but it's crucial for the success of your business. In this post, I'll show you how to optimize your pricing strategy to maximize your profits while also meeting the needs and expectations of your customers.
A plan is not a strategy
As a fractional director of operations, I specialize in helping online business owners develop effective strategies that drive results. But what is a strategy? And do you have one? You’re probably thinking: "But I have a plan! I know what I want to do and how I want to do it!" And that's great! But having a plan doesn't necessarily mean you have a strategy. Here's why.
Crushing Your To-Do List: Figuring out the 'Why' of procrastination
Why do we procrastinate? The first step to overcoming procrastination is to identify which underlying reason is behind it. Let’s discuss them one by one and come up with some strategies to overcome them.
Are your business finances healthy?
As an online business owner, you know that money matters. It's the lifeblood of your business, and without it, you won't survive for long. That's why you need to keep a close eye on your financial zone - the area of your business that deals with money. Managing the financial zone of your online business can be challenging, but it's essential to keep it healthy if you want your business to thrive. Here are 5 questions you need to ask yourself (and take action on when necessary) to make sure your financial zone stays on track:
From Challenges to Success: How Strategic Objectives Can Help
As a business owner, you want to be able to focus your efforts on the projects that will make the biggest impact, but it can be difficult to know where to start. That's where strategic objectives come in.
By setting clear and specific goals for your business, you can create a sense of direction and purpose that will guide your decision-making and help you stay on track. Here are 7 examples of common challenges business owners face and how strategic objectives can help.
Don’t shy away from tough talks in business
As a director of operations for online service-based businesses, I have learned that doing what's best for the business often means having hard conversations. Whether it's addressing performance issues with a team member or letting go of a long-standing contractor, difficult conversations are a necessary part of running a successful business. However let’s be honest: they can be uncomfortable, emotional, and stressful for everyone involved. Here are some important points to consider when having hard conversations.
Grow your business without overwhelm
Growing a business can be both exciting and overwhelming at the same time. But with the right strategies in place, you can grow your business without getting overwhelmed, I promise. Today, let’s dive into 3 strategies or steps to growing your business without massive overwhelm.
First, you must understand that the team, systems, and business model that got you to where you are now will not get you to where you want to be. While this sounds like a lot to change, you don’t have to do it all at once; it can be shifted in an elegant way. Let’s look at these 3 steps one by one.
Double your launch revenue with data
If you're launching a new program, it's essential to keep in mind that the ultimate goal is to generate revenue. Even more important than top-line revenue, though, is profit (what you have left after paying your expenses)! One way to achieve this is by using data to guide your decisions and make informed choices. Specifically, looking at your launch data can help you double your revenue in your next launch.
Why wait? Get your ideal entrepreneur life now
Many of you are waiting till the time when you hit $1,000,000 in revenue to start enjoying your life. You're sure that once you have enough revenue, that will buy you time to spend on your own interests. Until then, you have to work constantly. What if I told you that there was an alternative? It starts with leveraging your time, team, and tactics.
Growing your team the right way
Are you at a point in your business where you are ready to grow and are looking to expand your team? Growing a team can be a challenge for even the most savvy business owner. Not only do you need to be ready to delegate, you need to know when the right time to hire is. Sometimes, hiring is a better option than trying to push through a task that is out of your wheelhouse. But you’ve got to find the right people, and you’ll save yourself time if you set them up properly. Here are 5 tips to grow your team the right way.
Don’t let these 3 mistakes make or break your business
Many entrepreneurs make the mistake of assuming that if they work harder and put in longer hours, their business will succeed. Friends, let me tell you that this is just not true. You can have a successful business without running yourself to the brink of burnout, wondering when you will ever be able to come up for air.
There are 3 specific mistakes that can make or break your business success. Do not panic, though. The good news is that you CAN avoid them. It’s all about awareness and not letting those messy corners of your business get out of control.
Accountability in business
I know that a lot of business leaders love to dream about new ideas. However, dealing with the tiny details behind these big ideas (think numbers, systems, processes, deadlines, measurements, indicators, spreadsheets…) doesn’t feel as exciting.
Here’s the truth, though: what got you to the level of business growth you are at now will not get you where you want to go. Whether your goal is more freedom and vacation time, increased monthly revenue, or a business that runs without you being present, a shift is needed and it requires you to be accountable.
Are you guilty of micromanaging?
Micromanaging is working very closely with team members through every step of the process, carefully monitoring them to ensure everything is done to your exact specifications, rather than allowing them space to work in their own zone of genius using their innate skill set. While micromanaging your team might seem like the easiest way to produce the quality work you desire, this type of leadership makes your team members feel untrusted and ultimately wastes your time.
Preparing for your first hire
At some point in your journey, the only way to grow and scale is to start to delegate some of the day-to-day tasks to someone else. If you’ve reached the point where you’re considering your first hire to help with the current workload, congratulations! To get you started on the right track, here are 8 steps you can take to prepare for your first hire.
Do this 1 thing to maximize your business growth
I know that this advice seems seriously simple and obvious, but surprisingly, it is one of the things I see business owners doing the least. Many are creatives and get in a pattern of wanting to create that next idea for their customers. Others get caught up in following the latest trends and jumping on the next bandwagon of success.
However, I believe the real reason business owners don’t follow this advice is that they don’t have a really simple, straightforward way to figure out what is really working for them.
Why successful businesses care about operations
Eventually, even the healthiest business might get stuck and have trouble reaching their revenue goals. Many business owners feel it might be sales or team that is the issue. However, if the back-end operations are not in order, that can cause the backslide. How tight a business’s operations are will drive that organization’s ability (or inability) to quickly scale.
When your operations aren’t in check, functions will feel sluggish and redundant and you start to notice frustration from team members. The more this happens, the slower your business will be to adjust, grow and scale.
Are you the bottleneck in your business?
So many business owners feel that they cannot grow their business because they have become the bottleneck. They are in a state where everything in their business has to be approved by them. Take a moment and ask yourself: What would happen to your business if you were able to delegate more and much better?
Perhaps you have tried delegating in the past, and it hasn’t worked so well. You end up deciding, “I might as well do it myself,” or “I guess I’m not a good manager.”
Truth bomb: The problem isn’t that you are a bad manager. It is that you are “drive-thru delegating.”
Increase your productivity with time blocking
When you hear the word “productivity,” do you start to feel guilty? Today, I want you to think positively about being productive. The word productivity should make you think about accomplishing your goals and living out your dreams, rather than unnecessary pressure and unrealistic expectations.
I have one simple, but huge productivity tip to share with you. It's my best-kept secret when it comes to improving your productivity levels. The key is knowing where your time is needed most so you can prioritize and simplify that ongoing to-do list that you face every day.
The secret to reaching bigger goals
Here’s the hard truth: The “fly by the seat of my pants and pray it will all work out” approach will not get you there.
You’ve been able to package up your skills and talents and change your clients’ lives for the better, helping them set major goals, brainstorm solutions and take risks. Now it’s your turn to approach your business growth and goal setting from a strategic perspective.