What To Do When Your Small Business Is Stuck

What to do when your small business is stuck, and my recommended 10 tips for unblocking business growth!

Every small business owner gets stuck. It’s part of owning a small business. But it does not have to stay that way. There are things you can do to help your stuck small business get unstuck and get to the next level.

10 tips to unblock business growth:

Identify The Root Cause Of Why Your Business Is Stuck

When a small business is stuck or stagnant, it's important to dig into the data and identify the root cause of the issue. Start by looking at key sales, revenue, and growth metrics over recent periods. Analyze any noticeable declines or plateaus to understand where the problems started.

Common causes could include declining conversion rates, shrinking average order values, plateauing website traffic, or rising customer churn. Pinpointing the root cause requires going beyond surface-level financials to understand what specifically is broken in the customer journey, sales process, product lineup or marketing channels. With the core issue identified, you can then develop targeted solutions. Don't assume you already know the cause without backing it up with data.

The root cause may also be a combination of factors rather than one single issue. Approach this analysis without bias and with an open mind to find areas for potential improvement. Identifying the true root cause takes time but lays the foundation for moving forward.

Get An Outside Perspective Like A Small Business Coach Or Mentor

Getting an outside perspective can provide valuable insights when your business is stuck. Experienced mentors or advisors who are not directly involved in your business operations can offer an objective point of view. They may notice things you're too close to see or challenge assumptions you've made.

Some ways to get an outside perspective include:

- Consult experienced mentors or advisors. Identify mentors who have successfully grown businesses before. Schedule regular check-ins to get their take on your business's direction. Be open to constructive feedback.

- Form an advisory board. Assemble a small group of trusted advisors who can provide strategic guidance. Meet with them quarterly or semiannually to discuss high-level issues.

- Hire a small business coach. A professional business coach can work with you regularly to overcome obstacles. A small business coach can help you achieve success. They can help you gain clarity, improve processes, and reach your goals. Ensure you find an experienced coach with expertise in your industry.

- Attend peer advisory groups. Groups like masterminds allow you to regularly meet and brainstorm ideas with non-competing business leaders. Hearing how others approach challenges can spark solutions.

Getting outside perspectives prevents insular thinking. It provides valuable insights you may miss and helps identify your blindspots. Overcome the "we've always done it this way" mindset by regularly consulting experienced advisors.

Analyze Your Business Competition

Analyzing what your competitors are doing that works well is crucial when your small business is stuck. You want to understand their strategies and tactics, and see if any could be applied to your own business.

- Research what competitors are doing better. Look at their products, services, pricing, promotions, customer service, and more. Identify any areas where they are outperforming you or gaining an edge.

- Study their marketing and messaging. See how they position themselves and communicate their value proposition. You may uncover effective approaches you can adopt.

- Check out their customer reviews and feedback. This provides insight into what customers like about competitors that your own business could emulate.

- Sign up for email lists and follow social media. Monitor competitor activities like product launches, campaigns, and events that engage their audience.

- Talk to customers who use competitors. Ask what attracted them to the competitor and what they see as the main differences. Listen for weaknesses you can improve on.

- Secret shop or try competitor offerings. Experience their customer journey first-hand to gain helpful perspective.

- Analyze their web analytics and traffic data if possible. Seeing hard metrics on engagement and conversions allows direct comparison.

The goal is to objectively evaluate competitors' strengths you can learn from. This market research will reveal opportunities for your own business to differentiate and stand out.

Focus On Your Target Audience

When your small business is stuck, it's important to reconnect with your target audience and understand their current needs and preferences. Conduct customer surveys, focus groups, or one-on-one interviews to gain insights directly from the people you aim to serve. Ask about their satisfaction with your existing products/services, where you are falling short, and what they wish you offered.

Analyze all feedback carefully to identify patterns and opportunities. Look for common pain points you could solve or new offerings to fulfill unmet needs. Pay special attention to any changes in your audience's preferences, challenges, or behaviors since you first defined your target segment.

This direct customer insight will help you realign your business around what matters most to the audience you want to serve. You may uncover new ways to tailor your marketing or opportunities to differentiate yourself from competitors by addressing customer needs better. Focusing on target customers will ensure you evolve your business strategically based on real market demand.

Evaluate Your Products/Services

Assessing whether your offerings are outdated or lack innovation is a crucial part of getting your small business unstuck. Over time, customer needs and market trends evolve. If you don't keep up, your products and services can start to feel stale.

Take an objective look at every aspect of your offerings. How long has it been since you introduced something new or made significant upgrades? Do your products or services still solve key customer problems? How do they compare to competitors' offerings in terms of features, quality and value?

Talk directly to customers and prospects to get unfiltered feedback. Ask what they like, what's missing, and where you fall short. Look for common themes in the feedback to identify opportunities to improve.

You may find some offerings are still strong, while others clearly need refreshing. Focus innovation where it's most needed, either through enhancements or all-new products/services.

Don't let outdated offerings hold your business back. Commit to regularly evaluating and improving your products and services. This keeps you competitive, aligned to market needs, and top of mind with customers.

Improve Marketing & Promotions

One of the most effective ways to get an underperforming small business unstuck is to take a hard look at your marketing and promotional efforts. Audit which marketing channels and campaigns are working, and which are falling flat.

First, analyze your marketing budget. Are you allocating spending efficiently based on ROI? Shift budget away from poor performing channels and into the campaigns that are delivering results.

Evaluate your website and online presence. Is your website optimized for conversions? Do you need to improve SEO to drive more organic traffic? An outdated website can significantly hinder lead generation and sales. Consider a redesign or an SEO audit.

Assess your email marketing and social media engagement. Are you sending valuable content to your email subscriber list consistently? Are you actively engaging followers on social media? Improving email and social can help nurture leads and turn fans into customers.

Analyze the customer journey. Where are you losing potential customers along the way? Pinpoint roadblocks in the sales funnel, then develop targeted campaigns to move leads through to conversion.

Getting strategic with marketing and promotions will help you reach new audiences, better engage existing customers, and ultimately drive more sales for your business. With improved marketing, you'll gain momentum to get unstuck.

If you need help, hire a marketing professional for your small business.

Analyze Operational Efficiency

Improving operational efficiency should be an ongoing focus for any business. When growth stalls, it presents an opportunity to take a hard look at processes, costs, and workflows. Start by reviewing each department and function within your company. Look for ways to streamline operations, eliminate redundancies, leverage technology, and reduce expenses.

Some areas to analyze include:

- Manufacturing processes - Are there bottlenecks or inefficiencies in production? Could automation improve output and lower labor costs?

- Inventory management - Is excess inventory tying up too much capital? Can you implement just-in-time practices?

- Purchasing - Are you getting the best rates from vendors and suppliers? Can you consolidate purchases for volume discounts?

- Facilities - Is your physical space being utilized efficiently? Could you downsize or renegotiate leases?

- Staffing - Do you have the right people in the right roles? Can you cross-train employees?

- Transportation/logistics - Are deliveries and shipments being handled in the most cost-effective manner?

- Technology systems - Are your software, hardware, and IT infrastructure current and efficient? Are there new solutions that could streamline operations?

Even small tweaks and changes in processes can sometimes lead to significant cost savings. Approach the analysis with an open mind and look for innovative ways to improve productivity and efficiency at every step. The goal is to do more with less while maintaining quality and service levels. With improved operational efficiency, your business will be leaner, more agile, and better equipped to get back on the growth track.

Develop New Strategic Initiatives

When a small business is stuck, it's often a sign that innovation and growth have stagnated. Developing new strategic initiatives can reignite momentum and open up new opportunities. Here are some tips:

- Brainstorm and identify potential new products or services you could develop. Look for gaps in the market, emerging trends, or customer needs you could fulfill. Prioritize ideas with the most potential.

- Research expanding into new geographical markets or distribution channels. Is there an untapped market you can enter? Can you sell through new retailers or online channels?

- Seek out potential new partnerships with other companies. Strategic partnerships can help you enter new markets, acquire new technology, or share resources.

- Set concrete goals around launching new products and expanding into new markets within a set timeframe. Having measurable goals helps drive strategy.

- Allocate budget and resources specifically for new initiatives. Don't just fit them into existing budgets. Give them dedicated focus and funding.

- Develop new marketing campaigns and materials to promote and support new products and markets. You need fresh messaging and positioning.

- Hire new team members or train existing staff for new initiatives. Ensure you have the right expertise and talent.

- Pursue innovation throughout your operations. Challenge yourself to keep improving systems, processes and business models.

By actively developing new strategic plays, you can breathe fresh energy and direction into your business. Set ambitious goals for growth, and maintain the agility to adapt to new opportunities. This drive to innovate and expand will help pull you out of stagnation.

Invest In Your Team

Your employees are the engine that keeps your business running. When growth stalls, it's important to invest more in your team. There are numerous ways to unlock team potential to build a resilient company culture. Here are just a few:

Train Employees

Additional training and development opportunities show employees you care about their growth and value their contributions. Assess skill gaps and provide training to strengthen capabilities. Encourage employees to share their professional development goals. Support them by providing coaching, classes, books, conferences, and other learning resources.

Boost Morale

Low morale is detrimental to productivity and innovation. During tough times, focus on maintaining positivity. Foster deeper connections via team building activities. Celebrate wins and milestones. Provide opportunities for feedback and listen to concerns. Offer incentives like office perks, flexible schedules, and remote work options.

Reward Top Talent

Your best employees are essential when trying to reinvigorate your business. Recognize and reward their contributions with praise, promotions, and compensation increases. Avoid overworking or taking them for granted. Make sure they feel supported and know their efforts are appreciated. Disengaged top talent may leave, so focus on their job satisfaction.

Investing in your people reminds them you see their value and care about their well-being. It leads to higher engagement, better performance, and improved loyalty. Your team is pivotal to leading your business forward, so empower them to succeed.

Stay Resilient & Adaptable

When your small business is stuck, it's easy to get discouraged and want to give up. However, the most successful entrepreneurs are resilient in the face of challenges. They persist through tough times and make adjustments as needed to get back on track.

Here are some tips for staying resilient when your business is stuck:

- Remind yourself this is temporary. All businesses go through ups and downs. Focus on the fact that this stuck phase will pass if you keep working at it.

- Celebrate small wins. Even tiny signs of progress are worth acknowledging to boost your morale and motivation.

- Learn from setbacks. Don't view obstacles as failures. Analyze what went wrong and what you would do differently next time. These lessons will make you stronger.

- Take breaks. Pushing yourself to exhaustion won't help. Make time for self-care and recharging. A refreshed mindset leads to better solutions.

- Get support. Surround yourself with encouraging people who believe in you. Their positive energy can be contagious.

- Be flexible. If certain strategies aren't working, don't be rigid. Try new approaches to get momentum going again.

- Focus on what you can control. Don't waste energy worrying about external factors out of your control. Pour your efforts into what you can influence.

With the right mindset and adaptability, you can guide your small business through any stuck point. Stay determined and know that better days lie ahead.

Does this sound overwhelming?

Consider hiring a business coach who can provide in-depth guidance and support.

Click Here to schedule a FREE consultation with one of the top small business coaches to help you plan your growth strategies.

Or call 405-919-9990 today!

Proven Strategies For Small Business Growth: A Quick Guide

As a small business coach who has owned numerous small businesses, our team understands how growing a small business can be challenging. In this blog post, we share a quick guide on proven strategies for your small business growth. From understanding your target audience to leveraging technology and measuring your progress, these expert tips will guide you toward faster business growth and success.

Understand the Target Audience Your Small Business Serves

Small business owners seeking growth often face similar obstacles and share common characteristics. They operate in fiercely competitive markets and are looking to expand their customer base, increase revenue, or gain a larger market share. By understanding the mindset and needs of your target audience, you can tailor your strategies to effectively meet their demands and aspirations.

Business Analysis for Small Business Growth

Before embarking on the journey of accelerating your business growth, conducting a thorough analysis of your small business is essential. A SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) can help identify areas where your business can excel, areas that need improvement, potential growth opportunities, and any external threats to consider. With this knowledge, you can develop effective strategies and capitalize on your strengths to overcome obstacles.

Cultivating a Business Growth Mindset

A growth mindset is crucial for small business owners looking to scale their enterprises rapidly. Adopting a positive and proactive approach allows you to view challenges as opportunities for learning and growth. Embrace a mindset that focuses on innovation, adaptability, and continuously seeking new ways to improve your business.

Setting Clear Goals and Objectives for Your Small Business

Setting clear goals and objectives is paramount to direct your efforts toward achieving rapid growth. Ensure that your goals are Specific, Measurable, Achievable, Relevant, and Time-bound (SMART). These goals will provide a clear roadmap and allow you to track your progress along the way, making it easier to adjust your tactics and strategies as needed.

Identifying the Target Market and Refining Marketing Strategies

Understanding your target market is crucial for effective marketing and business growth. Identify who your ideal customers are, conduct market research, and develop buyer personas. Armed with this information, you can tailor your marketing strategies to reach and engage your target audience through targeted advertising, social media marketing, content marketing, and search engine optimization (SEO).

Leveraging Technology and Innovation

Innovation and technology play a significant role in accelerating small business growth. Review your business operations and identify areas where technology can be implemented to streamline processes, improve efficiency, and enhance customer experience. Automating repetitive tasks, utilizing customer relationship management (CRM) software, and staying up-to-date with emerging technologies in your industry can give you a competitive edge.

Financial Management and Strategic Investment

Effective financial management is crucial for fueling rapid business growth. Optimize your cash flow and budget to ensure you have the necessary resources to invest in growth initiatives. Consider strategic investments such as angel investment, venture capital, small business loans, or crowdfunding, depending on your specific business needs. These investments can infuse capital into your business and propel it towards expansion.

Building a Strong Team and Network

Surrounding yourself with a talented team is essential for faster business growth. Hiring skilled individuals who share your vision and goals can help drive your small business forward. Delegate key tasks to capable team members, giving you the time and energy to focus on strategic growth initiatives. Additionally, network with other entrepreneurs, industry professionals, and potential partners to expand your reach, gain valuable insights, and explore collaboration opportunities.

Measuring and Adapting Growth Strategies

Regular measurement and adaptation are key to ensuring the success of your growth strategies. Establish relevant key performance indicators (KPIs) and track your progress consistently. Analyze the data to identify what is working and what needs adjustment. By keeping a pulse on your growth metrics, you can make informed decisions and pivot your strategies to achieve your goals.

Conclusion on Proven Strategies for Small Business Growth

Growing your small business quickly requires careful planning, a growth-oriented mindset, and strategic execution. By understanding your target audience, setting clear goals, harnessing technology, managing your finances effectively, building a solid team, and measuring your progress, you can accelerate your business growth and achieve your desired success.

Embrace the journey, stay adaptable, and continuously seek opportunities for innovation and improvement.

Your small business can thrive and reach new heights with dedication and persistence.

For personalized strategies tailored to your business needs, consider hiring a business coach who can provide in-depth guidance and support.

Click Here to schedule a FREE consultation with one of the top small business coaches to help you plan your growth strategies.

Or call 405-919-9990 today!

How To Delegate Effectively | Tips From Kyle Walbrun

In the realm of entrepreneurship, growth is not merely about financial gain or market share; it's an intricate blend of personal development, delegating effectively, professional acumen, and the perpetual pursuit of balance. In a compelling discussion with Kyle Walbrun, founder and CEO of EfficientAide, listeners are taken on a voyage through the entrepreneur's blueprint for success—a tale rich in lessons on scaling a business through effective delegation without forfeiting life's pleasures.

Kyle Walbrun's story begins in the Midwest, where a blue-collar upbringing laid the foundation for an unyielding work ethic and a commitment to quality. These formative experiences, coupled with a strong influence from an entrepreneurial uncle, set the stage for his ambitions. However, it's the jump from solopreneur to CEO that brings into sharp focus the transformative nature of mentorship and community in an entrepreneur's journey. The early days of EfficientAide were a testament to the power of networking and the significant role of a business coach in navigating the unpredictable waters of business ownership.

Listen to this episode below, find Small Business Pivots here, or keep reading about this episode below the graphic…

How To Delegate and Scale You Small Business | Kyle Walbrun

Entrepreneurial Operating Sysytem

The Entrepreneurial Operating System (EOS) comes into play as a framework that enables structure and process in business operations, underscoring the significance of resilience and the ability to maintain core values amidst scaling. This structure becomes a scaffold upon which business leaders can build their ambitions, ensuring that their vision is met with the traction needed to move forward effectively.

Small Business Pivots

The pivot from an independent business owner to a visionary CEO is underscored by the importance of delegation, particularly the hiring of a virtual assistant. Kyle advocates for the benefits of well-trained assistants who can take on the time-consuming tasks that detract from strategic growth, thereby allowing business owners to focus on what truly matters. The discussion goes beyond the mere act of hiring to the crucial aspect of investing in and empowering these assistants, thus enabling them to contribute more significantly to the business's success.

Building Relationships in Sales

Relationship building is also central to the discourse, as it has been pivotal in Kyle's journey. He shares how a proactive approach to sales, rooted in active listening and genuine connections, has fueled the growth of EfficientAide, with referrals accounting for the majority of new business. This principle of cultivating relationships is equally applicable when it comes to scaling, as hiring the right people for your team becomes critical for sustained growth.

Small Business Strategies

Finally, the podcast episode touches upon the strategies for scaling a business with a small business consultant and coach, the essence of which lies in assembling a supportive team and having the courage to trust in their capabilities. Kyle emphasizes that scaling is not a universal goal for every entrepreneur but rather a path that must be aligned with personal definitions of success. The conversation culminates with advice for small business owners on how to utilize resources such as AI and business coaching to work smarter and create a sustainable, fulfilling enterprise.

Conclusion On How To Delegate Effectively To Scale Your Business

In summary, this episode provides listeners with a well-rounded perspective on entrepreneurship that is both inspiring and pragmatic. The message is clear: with the right mindset, mentorship, and tools, business leaders can navigate growth while achieving work-life harmony, ultimately crafting a journey of resilience and personal fulfillment.

The podcast episode is on Apple, Spotify, and other popular platforms.

👉 Don’t forget to subscribe to the show and leave a review. 👈

ARE YOU READY TO TAKE YOUR COMPANY TO THE NEXT LEVEL?

If so, schedule a call today with the premier small business coach. We’re ready to help you put in place the habits today that will unlock a lifetime of success tomorrow.

Click Here if you are wondering how much a business coach costs.

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How To Pay Yourself More | Tips From Craig Dacy

Hey Small Business Owner… Pay Yourself More!

Most struggling small business owners are working more and making less than at the job they left to start their business.

When it comes to entrepreneurship, the financial aspect often appears as the most daunting sea to sail. In a world where cash flow is king, maintaining a firm grasp on the financial rudder is essential for the survival and growth of any small business. Financial guru Craig Dacey, a financial coach, joins host Michael Morrison to tackle these topics, offering a lifeline to entrepreneurs fumbling with finances or deciphering the secrets of sustainable cash flow.

Listen to this episode below, find Small Business Pivots here, or keep reading about this episode below the graphic…

Strategic Planning

Craig's transition from education to financial coaching is a testament to the power of strategic planning and the passion for guiding others. His ability to demystify money management by emphasizing behavioral change rather than just numerical understanding provides a refreshing perspective on financial well-being. For small business owners, this shift in focus can mean the difference between mere survival and true financial prosperity.

Profit First System

Throughout the episode, the discussion delves into the profit-first system, a transformative approach to managing business finances. The simplicity of the system lies in its alignment with human behavior, utilizing dedicated bank accounts for income, profit, owner's pay, taxes, and operating expenses to provide a clear snapshot of financial health. By doing so, it offers business owners a straightforward method to handle their finances without the complexity of traditional accounting practices.

Financial Coach

A common pitfall for entrepreneurs is undervaluing their own salary. Craig and Michael address this issue head-on, debunking the myth that higher earnings will automatically translate to increased personal income. They highlight the crucial role of a financial coach, not just in scrutinizing numbers but in overhauling pricing, refining sales strategies, and propelling entrepreneurs towards financial triumph.

Scaling A Business

The conversation also covers the art of delegation and scaling a business, emphasizing the importance of weekly, monthly, and quarterly financial check-ins. Such structured rhythms are key to preventing burnout and promoting growth, ensuring a strong financial pulse for the enterprise. Craig's insights into the emotional and financial metrics that determine business health are invaluable, especially when confronting the anxiety associated with high-churn business models.

Conclusion On How To Pay Yourself More As A Business Owner

In conclusion, the podcast episode serves as a treasure trove of strategies and encouragement for small business owners at any stage. The journey of entrepreneurship is a shared adventure, and having a guide like Craig Dacey can help navigate through every financial twist and turn. It's a powerful message that resonates deeply—entrepreneurs are not alone, and success is a story they have the power to write.

By fostering a strong support network and relentlessly pursuing excellence, business owners can keep their entrepreneurial spirit fueled and chase their dreams with confidence. This episode not only provides the insights but also extends an invitation to stay connected, engage, and reach out when guidance is needed to create a self-sustaining business. The shared wisdom and strategies outlined are not just for immediate application but for long-term growth and success in the ever-challenging financial seas of entrepreneurship.

The podcast episode is on Apple, Spotify, or other popular platforms.

👉 Don’t forget to subscribe to the show and leave a review. 👈

ARE YOU READY TO TAKE YOUR COMPANY TO THE NEXT LEVEL?

If so, schedule a call today with the premier small business coach. We’re ready to help you put in place the habits today that will unlock a lifetime of success tomorrow.

Click Here if you are wondering how much a business coach costs.

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Scaling A Business | Tips From Brett Gilliland

How do you scale a business?

Scaling a business involves strategically increasing its capacity, resources, and operations to meet growing demands while maintaining efficiency and profitability.

Sound complicated?

Brett Gilliland, founder and CEO of Elite Entrepreneurs, explains and shares his vast experience scaling businesses from seven figures to astonishing heights exceeding $100 million. His journey offers invaluable insights into the transformative power of strategic self-investment and the importance of a strong leadership group for any entrepreneur.

Listen to this episode below, find Small Business Pivots here, or keep reading about this episode below the graphic…

Scaling a Business with Brett Gilliland of Elite Entrepreneurs.

Scaling a Business

Scaling a business is similar to navigating a complex maze where each turn could lead to a new challenge or opportunity. Gilliland's conversation on the Small Business Pivots podcast with host Michael Morrison unveils the importance of pivotal moments that can either bolster or impede growth. Their discussion delves into the strategic shifts necessary for a business's survival, underlining the resilience required to push through dips in revenue and market fluctuations.

A particularly interesting facet of the podcast episode is the exploration of the role played by a character named Stephanie, whose influence in the evolution of the business is undeniable. Her impact in establishing a new sales funnel and online presence during a tough transition paints a picture of adaptability and foresight as cornerstones of business longevity, especially in the face of unforeseen global events like the COVID-19 pandemic.

Business Coaching for Scaling a Business

The episode further explores the essence of leadership coaching and strategic business planning to learn how to scale a business. Listeners are introduced to the concept of 'elite ignition,' a program designed to help entrepreneurs transcend the daily grind of operations and instead master the art of working on their businesses. Gilliland's account of dedicating time to strategic planning reveals the pathway to sustainable and scalable business success.

For those entrepreneurs who recognize the value of a robust support network and peer guidance, the episode is a goldmine of encouragement. It highlights the incredible growth potential within 18 to 24 months through commitment and a willingness to evolve. This is not merely about reaching new heights but sustaining them and pushing the boundaries of what is possible to scale a business.

Conclusion For Scaling a Business

In conclusion, this episode serves as a playbook for entrepreneurs seeking to transform their businesses. It underscores the value of mentorship, the necessity of embracing change, and the impact of investing in oneself. As Gilliland's story unfolds, it becomes evident that the journey of entrepreneurship is perpetual, demanding a blend of courage, discipline, and vision to scale your business to success.

The podcast episode is on Apple, Spotify, or other popular platforms.

👉 Don’t forget to subscribe to the show and leave a review. 👈

ARE YOU READY TO TAKE YOUR COMPANY TO THE NEXT LEVEL?

If so, schedule a call today with the premier small business coach. We’re ready to help you put in place the habits today that will unlock a lifetime of success tomorrow.

Click Here if you are wondering how much a business coach costs.

#ScalingBusiness #BusinessScaling #BusinessGrowth #Entrepreneurship #ScalingUp #BusinessCoaching #LeadershipCoaching #StrategicPlanning #SmallBusinessSuccess #PeerGuidance #Resilience #Adaptability #CustomerCentricity #COVID19Response #SalesFunnel #OnlinePresence #BrettGilliland #EliteEntrepreneurs #SuccessStories #BusinessStrategy #EntrepreneurialJourney #PodcastInterview #SmallBusiness #BusinessOwner #ScalingABusiness #Sales #SmallBusinessTips  #SmartScaling #BusinessPivots #SmallBusinessAdvice #FounderStory #StartupSuccess #BusinessStrategy #BusinessOwnershipSimplified #StrategicThinking #StartupTips #EntrepreneurialMindset #LeadershipInsights #InspireEntrepreneurship #SmallBusinessPivots #SmallBusinessSuccess #Success #Podcast #SmallBusiness #SuccessStories #SmallBusinessOwner #EntrepreneurMindset #BusinessOwnershipSimplified #BOSS #LikeABOSS #bossUP #MichaelDMorrison

How To Build Wealth | Tips from Michael Del Prete

The average millionaire has 7 streams of income.

Building wealth starts with a plan.

In a recent enlightening podcast episode, Michael Del Prete, an accomplished real estate investor and the Arizona Real Estate Investors Association (AZREIA) executive director, takes listeners through his incredible transition from managing bands to building wealth. Del Prete's story is not just about the real estate market; it's a comprehensive guide on navigating life's transitions with entrepreneurial finesse and achieving success against all odds.

Listen now or keep reading below…

The Journey To Building Wealth

His journey began in Waterbury, Connecticut, with humble roots that planted the seeds for his relentless drive and determination. Michael emphasizes the importance of strategic partnerships, business coaching, and mentorship in his career evolution. From leveraging the expertise of others to harnessing resources and capital, his experience offers a roadmap for those seeking to make the leap from employment to entrepreneurship.

Insights for Wealth Building

Michael's narrative is rich with insights, particularly in understanding how seemingly unrelated early career gigs can lay the foundation for future success. The podcast delves into how personal milestones, such as marriage and the birth of his children, can significantly pivot one's professional trajectory. This pivot necessitated a search for stability but also opened doors to new opportunities, leading him to Phoenix, Arizona's dynamic real estate market.

Lessons On Scaling A Business For Building Wealth

Throughout the episode, Del Prete shares invaluable lessons on scaling a business. He discusses his role in the Arizona Real Estate Investors Association and how adapting to the shifting sands of market conditions, including the impacts of the COVID-19 pandemic, is crucial for growth. He emphasizes the significance of being in front of the right audience, which he achieved by taking the helm of an established association and leveraging its network to expand his reach.

Moreover, Michael highlights the benefits of wealth-building through real estate investment. He explains how associations like the Arizona Real Estate Investors Association (AZREIA) provide a platform where investors can access vetted business associates, from eviction attorneys to insurance companies. This community and support system are vital for navigating the complexities of property investment while focusing on strategic business growth and wealth building.

In the concluding chapter of the podcast, Del Prete encourages listeners to start their wealth-building journey, regardless of the size of their initial step. He underscores the notion that creating wealth is a marathon, not a sprint, and advises aspiring entrepreneurs to pace themselves for long-term success.

Conclusion For Building Wealth

In closing, the episode is not merely a discussion about real estate investment strategies; it is a comprehensive guide to achieving entrepreneurial success through adaptability, continuous learning, and strategic networking for building wealth. Michael Del Prete's story serves as a testament to the power of resilience and the potential to transform one's life through calculated risk-taking and a commitment to growth.

The key takeaway from this podcast is clear: whether you're looking to invest in the bustling market of Phoenix or elsewhere, the principles of entrepreneurship, wealth building, and property investment remain the same. Equip yourself with knowledge, surround yourself with the right people, like a mentor or business coach, and seize the opportunities that come your way.

With these strategies, you're well on your way to building a successful business and a wealthy empire.

The podcast episode is on Apple, Spotify, or other popular platforms.

👉 Don’t forget to subscribe to the show and leave a review. 👈

ARE YOU READY TO TAKE YOUR COMPANY TO THE NEXT LEVEL?

If so, schedule a call today with the premier small business coach. We’re ready to help you put in place the habits today that will unlock a lifetime of success tomorrow.

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How To Work On Your Business And Not In Your Business

As an entrepreneur, being involved in every aspect of your business can be tempting. From managing day-to-day operations to making critical strategic decisions, it feels like you have to be present at every step. However, if you want your small business to grow and succeed, learning how to work on your business and not just in it is essential.

So, let's begin with what it means to work 'in' your business and the challenges this presents to any small business owner.

What Does It Mean to Work 'In' Your Business?

Working in your business refers to the day-to-day operational tasks and activities necessary to keep your business running smoothly. This includes activities such as delivering products or services, managing customer inquiries, handling administrative tasks, and overseeing daily operations.

When you work in your business, you often focus on executing tasks and addressing immediate needs. It involves being hands-on in every aspect of the company and working directly with customers or clients. While this is important for the smooth functioning of your business, it can also limit your ability to work on more strategic aspects of your business that contribute to long-term growth and success.

The Challenges of Working In Your Business

Lack of Time for Strategic Planning:

You may be constantly busy with daily tasks when working in your business. This leaves little time for strategic planning and working on long-term goals. Without dedicated time to focus on strategic initiatives, your company may struggle to grow and adapt to changing market conditions.

Limited Perspective:

When you are constantly involved in day-to-day operations, gaining a broader perspective on your business becomes challenging. You may become too focused on the immediate tasks and lose sight of the bigger picture. This can hinder your ability to identify new opportunities, make informed decisions, and steer your business toward success.

Overworked and Burnout:

Being involved in every aspect of your business can lead to burnout and exhaustion. You may constantly work long hours and struggle to take breaks or time off. This can hurt your mental and physical well-being and overall productivity and effectiveness as a business owner.

Inefficiencies and Lack of Scalability:

Working in your business can hinder your ability to identify inefficiencies and implement processes that increase efficiency and scalability. You may find yourself stuck in repetitive tasks that could be automated or outsourced. This limits your ability to focus on higher-value activities that can drive growth and success.

Striking the Right Balance

While it is necessary to work 'in' your business, it is equally important to strike the right balance and allocate time to work 'on' your business. This balance will allow you to shift between the operational tasks and the strategic initiatives required for business growth.

What Does It Mean to Work On Your Business?

Working on your business means taking a step back and looking at the bigger picture. It is about taking time away from daily tasks and focusing on the long-term goals and strategies that will drive your business forward. This shift in perspective is crucial for sustainable growth and creating a business that runs without you.

When you work on your business, you focus on activities that help you improve and scale your operations. This may involve developing marketing plans, defining your target audience, streamlining processes, outsourcing tasks, and expanding your network. In short, it is about working strategically to ensure your business is on the right track.

The Importance of Working On Your Business

Gaining Clarity:

Working on your business allows you to gain clarity about your vision, mission, and goals. It helps you understand where your business is headed and the steps needed to get there. This clarity empowers you to make informed decisions and align your actions with your long-term objectives.

Maximizing Growth Potential:

By working on your business, you can identify opportunities for growth and take advantage of them. You can analyze market trends, identify customer needs, and develop effective strategies to expand your business. This proactive approach can lead to increased revenue and market share.

Improving Efficiency:

When you work on your business, you can analyze your current processes and identify areas for improvement. You can increase efficiency and productivity by streamlining your operations, outsourcing non-core tasks, and leveraging technology. This allows you to focus on high-value activities that contribute to the overall success of your business.

Building a Strong Team:

Working on your business involves delegating tasks to a competent team. By focusing on strategic activities, you create opportunities for your team members to develop their skills and take on more responsibility. This empowers your employees and frees up your time to focus on higher-level tasks.

Staying Agile:

In today's fast-paced business environment, it is essential to stay agile. By working on your business, you can continuously monitor market changes, spot emerging trends, and adapt your strategies accordingly. This adaptability allows you to stay ahead of the competition and seize new opportunities.

How to Work On Your Business Effectively

Schedule Dedicated Time:

Set aside regular blocks of time to work on your business without any distractions. Depending on your business needs, this could be daily, weekly, or monthly. Treat this time as a non-negotiable appointment with yourself and prioritize working on strategic initiatives during these dedicated sessions.

Define Your Priorities:

Clearly define your long-term goals and break them down into smaller actionable steps. This will help you prioritize your tasks and ensure that you focus on activities that will significantly impact your business. Regularly review and reassess your priorities to stay on track.

Delegate and Outsource:

Identify tasks that can be delegated or outsourced to others, allowing you to focus on higher-level activities. Surround yourself with a competent team and trust them to handle day-to-day operations. This frees up your time and empowers your team members to take ownership and contribute to the success of your business.

Invest in Continuous Learning:

Keep learning and updating your skills and knowledge. Attend industry conferences, join relevant professional networks, and read books and articles related to your industry. Constantly seeking new knowledge and staying up-to-date with industry trends will help you make better decisions for your business.

Measure Your Progress:

Regularly track and evaluate your progress toward your business goals. Use key performance indicators (KPIs) and other metrics to measure your success. Analyze your data to identify areas that need improvement and make data-driven decisions to drive your business forward.

Invest in Business Coaching and Mentorship:

Don't hesitate to seek support and mentorship from other entrepreneurs or a good business coach. They can provide proven guidance and insights into how they have successfully balanced working in and on their businesses. Why reinvent the wheel when others have already done it?

Conclusion

Working on your business is essential if you want to achieve sustainable growth and success. By taking a step back from day-to-day operations and focusing on strategic initiatives, you can gain clarity, maximize growth potential, improve efficiency, build a strong team, and stay agile in a competitive business landscape. By implementing the tips in this article, you can effectively work on your business and propel it towards greater heights.

Click Here if you would like one of the top small business coaches to help you with your SEO strategies.

Or call 405-919-9990 today!

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SEO Basics Every Business Owner Needs To Know

It is critical that every business owner understands the basics of SEO, as there are a multitude of SEO resources, companies, freelancers, platforms, and more available to hire. Prices for SEO services typically range from a few hundred dollars a month to thousands. Not understanding the basics could cost you dearly, and as a business coach, I want to demystify SEO for you so that you can make an educated financial decision.

Small businesses and start-ups fighting for customer attention in a crowded online marketplace need Search Engine Optimization (SEO) to increase visibility and drive organic traffic. SEO can help businesses identify and use specific keywords to optimize websites, strengthen online reputation, and improve customer engagement. However, SEO can be confusing for small business owners, and finding the right SEO company can be challenging. Let's demystify SEO to make it easier for small business owners to choose the right SEO strategy.

The Basics of SEO From a Business Coach’s Point of View

SEO is optimizing online content to make it more visible and rank higher in web search results. Here are some essential concepts that I can share from a business coach’s perspective:

Keywords:

Choosing the right keywords allows small businesses to rank higher and reach the right customers. Using keyword research tools such as Google Keyword Planner and SEMrush can help identify the best search terms for your business. For example, a few of our keywords are Business Coach, Business Coaching, Business Consultant, etc.

On-Page SEO:

On-page SEO refers to optimizing the content visible on the website itself. To optimize on-page SEO, it's essential to use relevant keywords in titles, meta tags, descriptions, headings, and URLs.

Content Quality:

The content quality of a website is one of the most critical factors to consider. High-quality content is more likely to generate organic traffic, be shared on social media, and lead to backlinks from reputable sources. For our business coaching website, we exclusively focus on backlinks for business coaching-related services and products.

Off-Page SEO:

Off-page SEO is about improving the user experience and making your business more authoritative and trustworthy. It includes link building, online reputation management, and social media engagement.

Tips From a Business Coach in Finding the Right SEO Company for Your Small Business

Here are some tips on what to look out for when choosing the right SEO company for a small business.

Assessing Business Goals and Budget:

Before engaging the services of an SEO company, it's essential to identify specific business goals and allocate a budget for SEO services. A business coach can help you establish your goals as they typically are with you during your long-term strategy.

Researching Potential Companies:

Do your research to find suitable SEO companies. Look for reviews and ask for case studies and references from their clients. A reputable SEO company should provide a detailed proposal that includes the level of service, the cost, and the expected results.

Communication and Reporting:

Clear communication between the business owner and the SEO company is essential to align goals and receive regular progress updates. A reputable SEO company should provide reports and metrics that demonstrate improvements in search rankings, traffic, and revenue.

DIY SEO for Small Business Owners

If you're on a tight budget and cannot afford an SEO company, you can still have a do-it-yourself (DIY) SEO approach. Here are some essential tips:

Optimize Content:

A well-optimized website should have a clear hierarchy of pages and titles, and each page should have a unique title and meta description. (Find more detailed explanations and some beginner-friendly tools and platforms for SEO following the conclusion section of this blog post.)

Build Backlinks:

Consider building high-quality links from reputable websites. This can be done by writing helpful blog articles and guest-posting on other sites that are relevant to your industry. It is important that the backlinks from other websites are related to your industry. For example, as a business coach, we want business-related articles, blogs, and resources. If we had backlinks from carnivals and weddings, it might be misleading to the algorithms as to what we actually do. (Find more detailed explanations and some beginner-friendly tools and platforms for SEO following the conclusion section of this blog post.)

Improve Performance:

Enhance website performance by using reputable web-hosting companies, reducing image file sizes, and reducing the number of plugins and extensions on your website. (Find more detailed explanations and some beginner-friendly tools and platforms for SEO following the conclusion section of this blog post.)

Conclusion

To drive organic traffic to your website, small businesses need an SEO strategy that can help them optimize their content, build backlinks, improve their online reputation, and engage more with their customers. Whether you're new to SEO or an experienced user, the right SEO company can help boost your online visibility. Alternatively, if you're a small business on a budget, you can use DIY SEO strategies to improve your online presence. Take advantage of these SEO tips and get the most out of your online marketing efforts. Your business deserves it!

If you would like a small business coach to help you with your SEO strategies, Click Here. Or call 405-919-9990 today!

Disclaimer: Our organization does not offer professional SEO services but can guide small business owners in uncharted waters. As business coaches, we are only sharing the basics so that small business owners can have a better understanding of what type of SEO services they should invest in for the growth of their company.

More detailed explanations for optimizing content, building backlinks, improving performance, and some beginner-friendly tools and platforms for SEO:

Optimizing Content

Optimizing content refers to making your website and its pages more relevant and attractive to search engines like Google. Here's how to do it in simple terms:

Use Keywords:

Research and identify keywords relevant to your business and target audience. Incorporate these keywords naturally in your page titles, headings, meta descriptions, URLs, and within the content itself. This helps search engines understand what your content is about and rank it appropriately. Google has resources for this.

Quality Content:

Create informative, engaging, and well-written content that provides value to your visitors. Write for your audience, not just for search engines. High-quality content is more likely to be shared, linked to, and ranked higher in search results.

User Experience:

Ensure your website is easy to navigate and mobile-friendly. Provide a good user experience with fast-loading pages, clear site structure, and intuitive design. This improves visitor satisfaction and encourages them to stay longer on your site.

Building Backlinks

Backlinks are links from other websites that point to your website. They are important because they act as "votes" of confidence and authority in the eyes of search engines. Here's how to build backlinks:

High-Quality Content:

Create valuable content that others would naturally want to link to. When your content is informative and unique, other websites are more likely to link back to it as a reference or resource. For instance, we have other business coaches' websites linking to this article to share with their readers on SEO-related topics.

Guest Blogging:

Reach out to relevant websites and offer to write a guest post. Include a link back to your website within the article. This not only helps with building backlinks but also drives referral traffic to your website.

Online Directories and Listings:

Submit your business to relevant online directories and business listings. These typically include a link back to your website and can help improve your website's visibility and authority.

Improving Performance

Improving website performance ensures that your site loads quickly and provides a smooth user experience. Here are some simple ways to do it:

Image Optimization:

Compress images to reduce their file size without compromising quality. This helps reduce the load time of your web pages. Not compressing images can lead to slow page loading, which Google frowns upon and will possibly keep the website from ranking high.

Minimize Plugins and Scripts:

Limit the number of plugins and scripts used on your website, as they can slow down its performance. Only use essential ones and regularly update them to their latest versions.

Reliable Web Hosting:

Choose a reputable web hosting provider that offers fast servers and good uptime. A reliable hosting service ensures that your website is accessible and loads quickly.

As a Business Coach, Here Are Tools and Platforms for Beginners That I Would Recommend Starting With

Here are a few beginner-friendly tools and platforms to help with SEO:

Google Analytics:

Provides valuable insights into your website's performance and visitor behavior. It shows metrics such as traffic, bounce rate, and conversion rates.

Google Search Console:

Helps monitor your website's presence in Google search results. It provides data on indexing, search queries, and crawl errors, helping you make improvements.

Ahrefs:

A comprehensive SEO tool that offers features like keyword research, backlink analysis, and competitor analysis. It provides insights to help you optimize your website and improve rankings.

Diib:

A user-friendly SEO tool that offers website analytics, keyword tracking, and personalized action plans. It helps identify areas for improvement and provides recommendations to boost your SEO efforts.

Remember to explore these tools and platforms to get a better understanding of how they can assist you in optimizing your website and improving its overall performance.

Still don’t know where to start?

I can help! Click Here.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

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Setting SMART Business Goals: A Simple Guide for Success in the New Year

The end of a year is a great time to reflect on the past twelve months and set goals for the upcoming year. For business owners, setting goals that you can achieve is a critical part of keeping your organization on track and achieving success in the long term. In this blog post, we will go through the steps you can take to plan your business goals for the new year.

Reflect on the Past Year:

Before you start setting new goals for your business, take some time to look back on the past year. What were your accomplishments? What goals did you not meet? What worked well, and what didn't? This reflection will help you to assess where your business stands and what areas need improvement. It can also help you identify any roadblocks or challenges you encountered in the previous year so you can work to address them moving forward.

Some examples of things you might reflect on include:

Sales: Did your business meet its sales targets for the year? If not, what contributed to that miss?

Customer satisfaction: How satisfied were your customers with your products or services? Were there any common complaints or issues that arose throughout the year?

Employee satisfaction: Were your employees happy with their jobs? Did you see high turnover rates or low engagement from your team?

Market trends: Were there any significant changes or developments in your industry? Did your business adapt to these changes or fall behind?

By looking back at these and other vital factors, you can get a sense of what you should focus on in the upcoming year.

Set SMART Goals:

Once you've reflected on the past year, it's time to set new goals for your business. When setting these goals, it's essential to ensure they are SMART: Specific, Measurable, Achievable, Relevant, and Time-Bound.

Specific: Your goals should be clearly defined and precise. Avoid vague phrases like "increase sales" or "grow the business." Instead, be clear about what you want to achieve, such as "increase sales by 10% in Q2."

Measurable: Your goals should be quantifiable so you can track your progress and assess whether you've achieved them. For example, "increase social media followers by 1000" is more measurable than "improve our social media presence."

Achievable: Be realistic about what you can achieve. While it's great to set ambitious goals, they should still be attainable, given your resources and constraints.

Relevant: Your goals should align with your overall business strategy and be pertinent to your industry and customers. If you're a software company, for example, "develop a new mobile app" might be more relevant than "create a line of physical products."

Time-Bound: Set a deadline for achieving your goals, whether that's by month, quarter, or year-end. This will help you to stay accountable and focused on achieving the goal within a specific timeframe.

Some examples of SMART goals for businesses might include:

Increase revenue by 15% in the upcoming fiscal year

Launch a new product line in Q2

Cut operating expenses by 10% by the end of the year

Improve customer satisfaction ratings by 20 by the end of Q3

Once you've set SMART goals, make sure everyone on your team is clear about what they are and what specific actions are needed to achieve them.

Prioritize Your Goals:

Being realistic about what can be accomplished in a given timeframe is important. Some goals may be more urgent or important than others, so you must prioritize them effectively. You might use a grid or chart to help you visualize which goals are high or low priority, or a ranking system where goals are assigned a number or letter (e.g. A/B/C, 1/2/3, etc.).

When prioritizing your goals, consider the following:

Alignment with overall strategy: Are your goals aligned with your business's overall strategy and mission?

Impact on business: Which goals will have the greatest impact on your business's success?

Resource availability: What resources (time, money, team members) do you have available to dedicate to each goal?

By prioritizing your goals, you'll ensure that your team's efforts and resources are being directed towards the most important objectives.

Break Down Goals Into Manageable Tasks:

Once you have established your overall goals and priorities, it's important to break them down into smaller, more manageable tasks. This process can help you identify the steps needed to achieve each goal and can make the goals feel more achievable and less daunting.

For example, if one of your goals is to "increase website traffic by 25%," some of the manageable tasks involved might be:

Conduct keyword research and optimize website copy accordingly

Develop a content marketing plan and calendar

Increase social media presence and engagement

By breaking down your goals into tasks, you'll also be able to allocate these tasks to specific team members or departments, so everyone knows what they need to work on.

Involve Your Team:

Goals don't just come from the top down - involving your team in the goal-setting process is also important. By asking for input and ideas, you'll help your team feel more invested in the success of the business and you may also uncover opportunities for innovation and growth that you otherwise wouldn't have thought of.

Here are some ways you might involve your team in setting business goals:

Hold a group brainstorming session to generate ideas and goals

Ask team members to suggest areas where the business could improve

Provide team members with a list of proposed goals and ask for their feedback and input

By involving your team, you'll make sure that everyone is on the same page and feels motivated to work towards the goals.

Review and Revise Regularly:

Lastly, it's important to stay flexible and adaptable as you work towards your goals. Your business environment and circumstances might change throughout the year, and adjusting your goals and plans is important.

Make sure to regularly review your progress towards your goals and assess whether you need to make any changes. Do this on a weekly, monthly, or quarterly basis, depending on the scale and length of your goals.

If you find that you're not on track to reach a goal or that the goal is no longer a priority, don't be afraid to revise it or even scrap it altogether. It's better to be agile and adapt to change than to be rigid and stick to a plan that's no longer working.

Conclusion:

Setting business goals for the new year is critical to the success of any organization. By reflecting on the past year, setting SMART goals that align with your business strategy, prioritizing effectively, breaking down goals into manageable tasks, involving your team, and regularly reviewing and revising, you'll be well on your way to achieving success in the upcoming year.

Want a professional small business coach to help you plan your small business success? Click Here.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

Unleash Your Potential: Is a Small Business Coach Worth It?

Running a small business can be an exhilarating journey filled with dreams of success, financial independence, and the satisfaction of seeing your vision come to life. 

However, this path has its challenges. Many small business owners struggle to navigate the complexities of entrepreneurship, often feeling overwhelmed, frustrated, and, at times, on the brink of giving up. 

This is where the question arises: Is a small business coach worth it? 

In this blog post, we'll explore the immense value that business coaches can bring to your entrepreneurial journey and how they can inspire you to reach new heights.

The Small Business Struggle’s

To truly appreciate the worth of a business coach, let's first acknowledge the everyday struggles that many small business owners face:

1. Lack of Clarity: It's not uncommon for entrepreneurs to have a great product or service but struggle to define their long-term vision, mission, and goals. Without a clear direction, it's easy to become lost in the market's noise.

2. Limited Resources: Small businesses often operate on tight budgets. Finding the right balance between investments and cost-cutting can be challenging, especially when trying to grow.

3. Overwhelming Responsibilities: As a small business owner, you wear many hats – from CEO to janitor. The sheer volume of responsibilities can lead to burnout and a loss of focus on core business activities.

4. Isolation: Entrepreneurship can be a lonely journey. Small business owners often lack a support network and someone to bounce ideas off of, leading to feelings of isolation.

5. Stagnation: Some businesses plateau after initial growth, unable to break through to the next level. Often, the business owner is the one to blame as they are the bottleneck keeping the business from moving forward.

The Role of a Business Coach

Now, let's dive into how a business coach can be your guiding light through these challenges and why they are worth every penny:

1. Clarity and Vision: A skilled business coach will help you define your vision and long-term goals. They ask the tough questions that encourage you to think critically about your business's purpose and direction. With a clear vision, you'll have a roadmap to follow, making every decision more purposeful.

2. Resource Optimization: Business coaches can assist you in making wise financial decisions. They'll help you identify where to invest and where to cut costs, ensuring that your resources are used efficiently to drive growth.

3. Accountability: One of the most valuable aspects of a business coach is accountability. Knowing that someone is tracking your progress and holding you to your commitments can be a powerful motivator. It prevents procrastination and encourages consistent action towards your goals.

4. Mentorship and Guidance: A business coach is a mentor who has "been there, done that." They provide valuable insights based on their own experiences and can help you avoid common pitfalls. Their guidance can save you time, money, and headaches.

5. Networking and Support: Many business coaches have extensive networks of professionals in various industries. They can connect you with experts and potential collaborators, expanding your support system and opening doors to new opportunities.

6. Continuous Learning: Business coaches are committed to your growth. They'll encourage you to invest in your own education, providing resources and suggesting courses or workshops to develop your skills and help you improve your time management.

Inspiration Through Business Success Stories

To inspire you further, let's explore a couple of success stories from small business owners who invested in business coaching:

Sarah's Story: Sarah had a passion for baking and decided to turn it into a business. However, after a year of struggling to make ends meet, she was on the verge of closing shop. She hired a business coach who helped her refine her product offerings, improve her marketing strategy, and manage her finances more effectively. Within two years, Sarah's bakery was thriving, and she had expanded to multiple locations.

John's Story: John ran a small IT consulting firm but found it challenging to scale beyond a certain point. His business coach introduced him to new technologies and helped him build a team of skilled professionals. With the coach's guidance, John's company secured lucrative contracts with major corporations, and he experienced exponential growth.

In the world of small business, the question of whether business coaches are worth it can be answered with a resounding "yes." They provide invaluable guidance, support, and inspiration to help you overcome challenges and achieve your entrepreneurial dreams.

Remember, every successful entrepreneur has faced obstacles along the way. It's not a sign of weakness to seek assistance; it's a testament to your commitment to succeed. 

So, if you're a small business owner struggling to find your way, consider investing in a business coach. Their wisdom and experience can be the catalyst for transformative growth and prosperity. Embrace the journey, and let a business coach light the path to your success.

Let's delve deeper into the benefits of business coaching and explore additional reasons why it may be worth your investment.

Goal Setting and Achievement: 

Business coaches excel at helping you set realistic and achievable goals. They break down your long-term vision into smaller, actionable steps. This approach not only makes your objectives more manageable but also allows for regular check-ins to assess progress. 

You'll gain confidence and motivation to keep pushing forward as you consistently achieve these milestones.

Personal Growth:

Running a business is not just about managing finances and operations; it's also about personal growth. A business coach helps you develop critical leadership, communication, and decision-making skills. Through constructive feedback and tailored exercises, they empower you to become a better version of yourself professionally and personally.

Resilience and Adaptability:

The business landscape constantly evolves, and unforeseen challenges can arise at any moment. A business coach helps you build resilience and adaptability. They teach you to embrace change, learn from failures, and bounce back stronger. This skill is invaluable in a world where adaptability is critical to survival.

Work-Life Integration:

Many small business owners need help with maintaining a healthy work-life balance. The relentless pursuit of success can lead to burnout and strained relationships. A business coach helps you prioritize your well-being and create a sustainable schedule. Integrating your work and personal life improves overall happiness and productivity.

Confidence Boost:

Entrepreneurship often requires making bold decisions and taking calculated risks. Doubt and fear can hinder your progress. A business coach serves as your cheerleader, encouraging and boosting your self-confidence. With their support, you'll feel more self-assured in your decision-making, which can profoundly impact your business's success.

Customized Strategies:

Unlike generic business advice, a business coach tailors their strategies to your unique situation. They consider your industry, market conditions, competition, and specific challenges. This personalized approach ensures that your solutions are precisely suited to your business, increasing their effectiveness.

Long-Term Perspective:

Small business owners often get caught up in day-to-day operations and must catch up on their long-term goals. A business coach helps you maintain a strategic perspective. They remind you of your vision and ensure that your action aligns with your ultimate objectives, preventing you from getting lost in the weeds.

Financial Growth:

Investing in a business coach may seem like an expense, but it's more accurately an investment in your business's financial growth. Their guidance and strategies can lead to increased revenue, higher profit margins, and improved financial stability. The return on investment can be substantial.

Legacy Building:

Beyond financial success, many entrepreneurs desire to leave a lasting legacy. A business coach can help you shape your business in a way that benefits you, your community, and future generations. This sense of purpose can be profoundly fulfilling and inspiring.

In conclusion, whether business coaches are worth it isn't just about the cost; it's about the value they bring to your life and business. They are mentors, motivators, and strategists rolled into one. They provide you with the tools and mindset necessary to overcome obstacles and reach your full potential.

Remember that every successful business leader, from Steve Jobs to Oprah Winfrey, has had mentors and coaches who played pivotal roles in their success. 

So, if you're a small business owner struggling to find your way, consider the transformational power of a business coach.

Their influence can elevate you from surviving to thriving, from dreaming to achieving, and from struggling to soaring. 

Embrace the opportunity, and let a business coach guide you to extraordinary success. Your journey is just beginning, and the possibilities are endless with the right coach by your side.

So take that leap of faith and embark on a transformative journey with a small business coach – you won't regret it. Your business's success is just a coaching session away!

Wondering how to find a business coach right for you? Click Here.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

Why Partnerships Fail And How A Small Business Coach Can Lead The Way To Success

Business partnerships have emerged as a promising avenue for growth, innovation, and shared achievements in the intricate landscape of business success. However, the stark reality is that not all small business partnerships flourish; many crumble due to various challenges. To navigate the complexity of why partnerships fail, dissecting the key factors contributing to their downfall is essential. 

In this exploration, we will deep dive into the core reasons why partnerships fail, shedding light on each facet while offering insights into cultivating partnerships that stand the test of time. Additionally, we'll explore how the guidance of a small business coach can provide invaluable assistance in mitigating these pitfalls.

If you want to quickly decide if a business partner is a missing piece to your success puzzle, learn more about our affordable online course, “Are Two Heads Better Than One? Unlock The Key To Deciding If A Business Partnership Is A Missing Piece For Your Business Success.”

1 - Misaligned Goals and Visions: The Crucial Foundation

Partnerships often commence with high hopes and ambitious visions. However, the absence of aligned goals can unravel even the most promising alliances. For instance, consider a scenario where a tech startup partners with an established corporation. Conflicts can arise due to incongruent trajectories if the startup envisions rapid innovation while the corporation prioritizes stability. Such discord in direction fosters resentment and sows the seeds of failure as conflicting expectations chip away at the partnership's foundation.

A skilled small business coach can help bridge this gap by facilitating goal-setting sessions that align with the partners' visions. They can mediate discussions and guide the partners in identifying common objectives, ensuring a solid foundation for collaboration.

2 - Lack of Clear Communication: The Silent Eroder

Effective communication serves as the bedrock of any successful partnership. When communication falters, misunderstandings and missed opportunities arise. Partners who assume rather than converse are at risk of nurturing silent resentments. Picture this: one partner believes the other will handle a critical marketing campaign, leading to a missed deadline and loss of opportunities.

A small business coach can conduct workshops on effective communication strategies, teaching partners to express their ideas clearly and actively listen to each other. Business partners can refine their communication skills through role-playing exercises and real-world examples, enhancing the overall partnership dynamic.

3 - Unequal Contributions and Efforts: The Imbalance Dilemma

Partnerships thrive on mutual effort and balanced contributions. However, the scales tip precariously when one business partner shoulders a disproportionate load regarding resources, responsibilities, or dedication. This imbalance breeds mistrust and undermines the very essence of collaboration. Imagine a scenario where one partner contributes most of the financial investment but expects the other partner to handle most of the workload.

A small business coach can assist in negotiating fair terms, ensuring that contributions are proportional and clearly defined. Their expertise in business dynamics can guide business partners in determining a balance that reflects their respective strengths and capabilities.

4 - Incompatible Cultures and Values: A Fractured Alliance

Divergent cultures and conflicting values can act as poison to business partnerships. Consider a situation where one business partner values transparency while the other prioritizes confidentiality. This incongruence extends to decision-making styles, communication approaches, and strategic approaches. The resulting friction can derail even the most well-intentioned collaborations.

A small business coach can facilitate workshops exploring business partner organizations' cultural values. The coach empowers business partners to navigate potential cultural clashes more effectively by identifying common ground and creating strategies to manage differences.

5 - Failure to Adapt and Evolve: The Stagnation Pitfall

In the dynamic business landscape, business partnerships must evolve to remain relevant. Failure to adapt to shifting market dynamics, technological advancements, or changing customer preferences leads to stagnation. Embracing change and staying nimble is critical for partnership longevity.

A small business coach with industry insights can guide business partners in identifying emerging trends and adapting their strategies accordingly. They provide an external perspective that aids in recognizing areas where adjustments are necessary for sustained success.

6 - Financial Disputes and Mismanagement: The Monetary Quagmire

Monetary disputes can swiftly unravel business partnerships. Disagreements over financial contributions, profit distribution, and investment decisions sow discord. Partners must create clear financial agreements, maintain transparency, and foster a shared fiscal vision to ensure the partnership's resilience.

A small business coach experienced in financial management can help business partners develop comprehensive financial plans that outline contributions, profit sharing, and investment strategies. Setting these parameters upfront significantly reduces the likelihood of financial disputes.

7 - Lack of Defined Roles and Responsibilities: The Ambiguity Abyss

The ambiguity surrounding roles and responsibilities leads to chaos within business partnerships. Partners grappling with undefined roles are prone to confusion and blame-shifting. Clear delineation of tasks, obligations, and decision-making authority is vital for a harmonious collaborative rhythm.

A small business coach can facilitate role-definition sessions, where partners outline their strengths and preferences. By matching these to specific roles, business partners enter the partnership with a clear understanding of their responsibilities and how they contribute to the overall success.

8 - Changing Market Conditions: The Unpredictability Factor

Business partnerships unprepared for external disruptions are vulnerable. Economic downturns, regulatory shifts, or sudden market changes can undermine even the most promising collaborations. Partners must remain adaptable, ready to pivot in response to unforeseen challenges.

Armed with industry expertise, a small business coach can guide business partners in scenario planning and risk mitigation. By anticipating potential challenges, partners can develop contingency plans that allow them to navigate unexpected shifts in the market.

9 - Ego and Power Struggles: The Collaboration Killer

Ego-driven power struggles can dismantle business partnerships. When personal agendas overshadow shared goals, conflicts ensue. Successful partnerships require prioritizing collective objectives and minimizing personal ego.

A small business coach can facilitate conflict resolution workshops, equipping partners with tools to address ego-driven disputes constructively. By fostering a culture of open dialogue and mutual respect, the coach helps partners overcome personal barriers to collaboration.

Conclusion

A roadmap to small business partnership success emerges as we unveil the intricate landscape of why partnerships fail. Navigating through misaligned goals, communication breakdowns, and other pitfalls allows us to build enduring and thriving partnerships. Learning from failures gives us the tools to construct robust collaborations rooted in effective communication, mutual understanding, and equilibrium.

Are you ready to unravel the secrets of successful business partnerships and sidestep the pitfalls of failure with the guidance of a seasoned small business coach? 

Immerse yourself in our comprehensive online course, a treasure trove of insights into the intricacies of why partnerships fail. 

Gain the knowledge and strategies necessary to foster enduring, fruitful alliances. 

Embark on this transformative journey now and seize the opportunity to cultivate partnerships that weather challenges and emerge stronger. 

With the support of a small business coach, you'll be well-equipped to navigate the business partnership landscape with confidence and expertise.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

The Ultimate List of The Top 20 Business Books for Small Business Owners

For small business owners, continuous learning and personal development are crucial for staying ahead in today's competitive market. Reading insightful business books provides valuable knowledge and guidance and offers inspiration and fresh perspectives. In this blog post, my team and I present the top 20 business books that we feel are essential for small business owners. From leadership and management to marketing and growth strategies, these books cover a wide range of topics to help you succeed. As a bonus, we will also highlight "Do Not: Start or Run a Business My Way," a book I wrote as your small business specialist, Michael Morrison, which provides unique insights and unconventional advice for entrepreneurs. 

Let's dive in!

1. "The Lean Startup" by Eric Ries: This groundbreaking book introduces the lean startup methodology, emphasizing the importance of continuous innovation, customer feedback, and iteration. It provides valuable insights on how to build a successful business while minimizing waste and maximizing efficiency.

2. "Good to Great" by Jim Collins: Jim Collins explores the key differentiators between good companies and truly great ones. The book presents valuable lessons on leadership, sustainable growth, and the importance of building a strong organizational culture.

3. "The E-Myth Revisited" by Michael E. Gerber: In this classic, Gerber explains the entrepreneurial myth and offers guidance on how small business owners can avoid common pitfalls. It emphasizes the importance of working on the business for long-term success rather than in the business. This book is one of our all-time favorites that my team and I often read from cover to cover.

4. "Think and Grow Rich" by Napoleon Hill: An all-time classic. This book explores the mindset and principles necessary for achieving financial success. It offers timeless wisdom on goal setting, perseverance, and the power of positive thinking. This is a book that continues to stand the test of time.

5. "The 7 Habits of Highly Effective People" by Stephen R. Covey: Covey's book presents a holistic approach to personal and professional effectiveness. It outlines seven habits that can transform individuals into highly successful and fulfilled business owners.

6. "Crushing It!" by Gary Vaynerchuk: In this book, Vaynerchuk provides valuable advice on leveraging social media platforms to build a personal brand and grow a business. It's a must-read for small business owners looking to harness the power of social media marketing.

7. "The Innovator's Dilemma" by Clayton M. Christensen: Christensen examines disruptive innovation and explains how established companies can navigate the challenges of disruptive technologies. The book provides insights into staying competitive and fostering business growth in a rapidly changing market. Innovation is critical for success!

8. "Start with Why" by Simon Sinek: Sinek's book explores the power of purpose and why it is crucial for business success. By identifying and communicating the "why" behind your business, you can inspire loyalty and differentiate yourself from the competition.

9. "Purple Cow" by Seth Godin: In this book, Godin emphasizes the importance of standing out in a crowded marketplace. It encourages small business owners to create remarkable products or services that are truly unique, attracting customers and driving growth. The title itself is fun and easy to read!

10. "The Four-Hour Workweek" by Timothy Ferriss: Ferriss challenges the traditional notion of work and introduces strategies for achieving more with less. The book provides practical tips on outsourcing, automation, and time management, enabling small business owners to achieve greater efficiency. This book will challenge you to think differently and not how you think.

11. "Scaling Up" by Verne Harnish: A practical guide to scaling businesses, Harnish's book covers essential strategies and frameworks for sustainable growth. It focuses on the four critical areas of business: people, strategy, execution, and cash. An abundance of nuggets is in this book.

12. "The Power of Now" by Eckhart Tolle: While not specifically a business book, Tolle's masterpiece teaches the importance of living in the present moment. By adopting a mindful approach, small business owners can enhance their decision-making, reduce stress, and improve their overall well-being.

13. "The Tipping Point" by Malcolm Gladwell explores the tipping point concept and how small changes can lead to significant impacts. The book provides insights into marketing, social trends, and the art of creating viral growth for businesses.

14. "The One Thing" by Gary Keller and Jay Papasan emphasizes the power of focus and prioritization. It guides small business owners in identifying and focusing on the most critical tasks that drive business success.

15. "Delivering Happiness" by Tony Hsieh: Hsieh, the former CEO of Zappos, shares his entrepreneurial journey and the importance of delivering exceptional customer service. The book highlights the impact of company culture and how it contributes to business growth.

16. "The Art of War" by Sun Tzu: Though a military strategy book, "The Art of War" offers valuable lessons on leadership, strategic planning, and competitive advantage. Small business owners can apply these principles to outmaneuver competitors and achieve business success.

17. "Influence: The Psychology of Persuasion" by Robert Cialdini: Cialdini delves into the principles of persuasion and how they can be applied to influence others. Understanding these psychological triggers can help small business owners improve their marketing, sales, and customer relations.

18. "Profit First" by Mike Michalowicz: Michalowicz introduces a unique approach to managing finances in small businesses. The book advocates for allocating profit first, transforming how entrepreneurs handle their cash flow, and ensuring long-term profitability.

19. "Mindset: The New Psychology of Success" by Carol S. Dweck: Dweck explores the power of mindset and how it impacts our achievements. By adopting a growth mindset, small business owners can overcome challenges, embrace learning opportunities, and achieve personal and professional growth. One of our podcast guests highly recommended this book.

20. "Do Not: Start or Run a Business My Way" by yours truly, me: This book is a memoir of things I did wrong and things I learned to do right. It offers a fresh perspective on small business ownership, challenging traditional norms and encouraging innovation, business coaching, and exponential growth.

Learn To Earn!

Reading is an invaluable tool for small business owners seeking growth, inspiration, and fresh perspectives. The top 20 business books listed above cover a wide range of topics, from leadership and marketing to personal development and strategy. Additionally, "Do Not: Start or Run a Business My Way" offers unique insights for entrepreneurs, complementing the other books in this list. Small business owners can enhance their skills, make informed decisions, and unlock new opportunities for business success and growth by investing time in reading and continuous learning.

BONUS: Every entrepreneur who has hit the million dollar mark or more in annual revenue on our podcast Small Business Pivots has mentioned they contribute much of their success to learning and investing in a small business coach or mentor.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

Finding The Right Business Coach For Your Small Business Success: Expert Tips And Outcomes To Expect

As a small business owner, it's natural to seek guidance and support to enhance the growth and success of your venture. However, the business coaching industry is saturated with individuals claiming to be experts without the necessary qualifications or experience. This abundance of unqualified small business coaches has left some entrepreneurs disillusioned and skeptical about the effectiveness of business coaching as a whole. 

In this article, we will discuss the essential steps you can take to find the right small business coach who can positively impact your business's success.

1 - Define Your Goals and Needs:

Before embarking on the search for a small business coach, clearly understanding your goals and needs is crucial. Reflect on the specific areas in which you require guidance and support. Are you struggling with marketing and sales? Do you need help with strategic planning or leadership development? Identifying your needs will help you find a coach with expertise in the areas that align with your small business challenges.

2 - Look for Relevant Experience:

One of the primary criteria for selecting a small business coach is their relevant experience. A coach with hands-on experience as a successful entrepreneur or business leader can provide invaluable insights and practical advice. Look for small business coaches with a track record of building and scaling small businesses. They will have firsthand knowledge of your challenges and can guide you through potential obstacles. Ask questions!

A few example questions are:

Have you owned a business other than your consulting practice?

What product or service did they offer?

How many have you owned?

Were they successful?

How much annual revenue did they generate?

How many employees did you lead in your biggest company?

Do you follow a specific business coaching framework?

3 - Seek Recommendations and Referrals:

Remember to consider the power of word-of-mouth recommendations when searching for a small business coach. Reach out to fellow entrepreneurs, business networks, or industry associations for referrals. Ask for specific feedback regarding the coach's expertise, approachability, and ability to adapt to unique situations. A referral from a trusted source significantly increases the likelihood of finding a reliable and competent business coach.

4 - Evaluate Coaching Style and Approach:

Every small business coach has a unique coaching style and approach. Schedule introductory calls or meetings with potential coaches to understand their methodologies. A good coach should fit your personality, communication style, and learning preferences well. Ask about their coaching process, whether it involves a structured framework or a more flexible approach. Find a coach who can adapt their strategies to your specific needs and can provide personalized guidance.

5 - Assess Communication and Rapport:

Effective communication and a strong rapport are essential for a successful coaching relationship. During your initial interactions with prospective coaches, pay attention to how they listen, respond, and engage with you. A skilled business coach should be an active listener, empathetic, and able to ask insightful questions. Their communication style should encourage open dialogue, trust, and collaboration.

6 - Request Testimonials and Case Studies:

To gain further insights into a coach's effectiveness, ask for testimonials or search their Google business page for testimonials from past clients or case studies that showcase their success stories. Genuine testimonials can provide evidence of a coach's ability to drive positive outcomes and deliver tangible results. Look for testimonials highlighting the coach's expertise in problem-solving, strategic planning, or small business growth, depending on your specific needs. Check out our testimonials here.

7 - Discuss Expectations and Boundaries:

Before committing to a business coaching relationship, have a candid discussion about expectations, boundaries, and the terms of engagement. Clearly define the frequency and duration of coaching sessions, the mode of communication, and the financial arrangements. Discuss the coach's availability and commitment to your success. This conversation will help establish a mutual understanding and ensure a productive coaching experience.

Finding the right small business coach can be a transformative experience for your small business. By following the steps outlined in this article, you can increase your chances of selecting a qualified and competent business coach who understands your unique challenges and can guide you toward success. 

Remember, a skilled business coach with relevant experience, strong communication skills, and a personalized approach can make all the difference in helping you overcome obstacles, maximize your potential, and achieve your small business goals.

What To Expect From A Small Business Coach

Small business owners can expect several valuable contributions to their entrepreneurial journey when engaging with a business coach. Here are some key expectations that small business owners should have from their business coaches:

1 - Expert Guidance and Industry Insights: 

A competent business coach brings in-depth knowledge and expertise to the table. They offer guidance on various aspects of running a small business, such as strategic planning, marketing, sales, finance, operations, and human resources. They can provide insights into industry trends, best practices, and proven strategies to help small business owners make informed decisions and navigate challenges effectively.

2 - Objective Perspective and Feedback: 

A business coach serves as an objective third party who can offer a fresh perspective on your business. They can provide:

• Honest feedback and constructive criticism.

• Highlighting blind spots.

• Identifying areas for improvement.

• Challenging your assumptions.

Their objective viewpoint helps you see your small business from a different angle, enabling you to make necessary adjustments and enhance your decision-making process.

3 - Accountability and Goal Setting: 

A business coach helps small business owners set clear goals and holds them accountable for achieving those goals. They assist in defining measurable objectives, breaking them down into actionable steps, and creating a roadmap to success. A coach can monitor your progress, provide support, and help you stay on track, ensuring that you follow through with your plans and make consistent strides toward your desired outcomes.

4 - Problem-Solving and Decision-Making Support: 

Running a small business involves facing numerous challenges and making critical decisions along the way. A business coach acts as a trusted advisor, helping you navigate complex situations and solve problems effectively. They can provide frameworks, tools, and methodologies to analyze and address challenges, enabling you to make informed decisions that align with your business objectives.

5 - Personal and Professional Development: 

Beyond the business aspect, a business coach can support your personal and professional growth as a small business owner. They can help you identify and leverage your strengths, enhance your leadership skills, and build self-confidence. They may provide guidance on time management, work-life balance, and stress management, ensuring that you are equipped with the skills and mindset necessary to thrive as an entrepreneur.

6 - Tailored Strategies and Action Plans: 

A skilled business coach recognizes that every small business is unique. They understand that a one-size-fits-all approach does not work. Therefore, they develop tailored strategies and action plans that suit your specific business needs, goals, and challenges. A coach should be flexible and adaptable, adjusting their methodologies to accommodate your individual circumstances and ensuring that the guidance provided aligns with your business's vision and values.

7 - Support in Overcoming Obstacles: 

Entrepreneurship can be a lonely journey, and overcoming obstacles can sometimes feel daunting. A small business coach acts as a supportive partner, helping you navigate through tough times, offering encouragement, and providing guidance when faced with setbacks. They can assist in developing resilience, offering solutions, and motivating you to persevere during challenging phases of your business.

It's important to note that while a business coach can provide valuable guidance and support, the ultimate responsibility for implementing strategies and achieving small business success rests with the small business owner. The coaching relationship should be built on mutual trust, open communication, and a commitment to collaboration to ensure the best possible outcomes for the business.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

Unleash Your Business's Potential: How a Small Business Coach Can Help You Achieve Success

Small business owners face numerous challenges that often delay their growth and success. One of the significant challenges is disorganization and chaos within the business operations. Small business owners who struggle with managing their businesses, lack clarity in their vision, and have unclear direction, can benefit from the guidance of a business coach. 

This blog post will explore how a business coach can help a disorganized and chaotic small business become profitable and efficient.

1. Identifying the Root Cause of Disorganization

The first step towards solving a problem is identifying the root cause. For example, a business coach can help the small business owner identify the root cause of disorganization and chaos within the business operations. Next, they will evaluate the business processes, systems, and procedures and identify areas for improvement. 

Once the root cause is identified, the business coach can work with the small business owner to develop a strategy to address the underlying issues.

2. Develop a Clear Vision and Strategy

A business coach can help a small business owner develop a clear vision and strategy for their business. This is important because it is difficult to make progress without clear direction. Every business must have a north star and guiding light to follow.

The business coach will work with the small business owner to identify their long-term goals and create a plan to achieve them. Then, they will help the small business owner to break down the goals into smaller, achievable tasks and develop a timeline for completing them.

3. Implementing Effective Business Systems

A business coach can help a small business owner implement effective business systems and processes, also known as SOPs. Systems and processes are essential for creating efficiency and consistency in business operations. 

The business coach will work with the small business owner to identify areas where systems are needed and develop a plan for implementing them. They will also provide training to ensure that everyone in the organization understands how the systems work and how to use them effectively.

4. Accountability and Motivation

A business coach can provide accountability and motivation to a small business owner. Accountability is important because it ensures that the small business owner stays on track with their goals and commitments.

The business coach will hold the small business owner accountable for completing the tasks they have committed to and provide motivation to keep them focused and motivated. This can be especially beneficial for small business owners who struggle with staying focused and motivated.

5. Developing Leadership Skills

A business coach can help a small business owner develop leadership skills. Leadership skills are essential for managing employees and creating a positive work environment. 

The business coach will work with the small business owner to develop leadership skills, including communication, delegation, and conflict resolution. This will enable the small business owner to create a positive work environment, increase employee satisfaction, and ultimately, improve business performance.

Choosing the Right Business Coach: A Step-by-Step Guide to Hiring the Perfect Fit for Your Small Business

As a small business owner, hiring a business coach can be a significant investment in your professional growth and the success of your business. A business coach can provide valuable insights, guidance, and support to help you overcome challenges, achieve your goals, and unlock your full potential as an entrepreneur. However, with so many available options, choosing the right business coach who aligns with your needs, goals, and values is essential. 

Below is a step-by-step guide to help you hire the perfect business coach for your small business.

Define Your Goals and Expectations for Hiring a Business Coach

Before hiring a business coach, it's crucial to have a clear understanding of your goals and expectations. What specific areas of your business do you need help with? For example, do you want to improve your leadership skills, enhance your marketing strategies, or streamline your operations? Understanding your goals and expectations will help you identify the right business coach with expertise and experience. Be specific about what you want to achieve and what you expect from the business coaching relationship, as this will serve as a foundation for your search.

Do Your Research for Potential Business Coaches

Once you clearly understand your goals and expectations, it's time to conduct thorough research to identify potential business coaches. Start by requesting referrals from your professional network, colleagues, or fellow entrepreneurs. Next, look for business coaches with experience working with small businesses in your industry or niche. Utilize online resources such as business directories, industry associations, and social media platforms to find potential candidates. Review their websites, testimonials, and online presence to understand their expertise and approach.

Assess Their Business Ownership Experience and Expertise

When evaluating potential business coaches, assessing their experience and expertise is crucial. Look for business coaches who have owned businesses and have a proven track record of working with small businesses and achieving successful results. Consider their expertise in specific areas that align with your goals and expectations. For example, if you need help with marketing, look for a business coach with a background in marketing or a successful track record of helping businesses improve their marketing strategies. Assessing their experience and expertise will give you confidence in their ability to provide the guidance and support you need.

Check Their Coaching Style and Approach

Every business coach has their own coaching style and approach. Finding a coach whose style and technique resonate with you and your learning preferences is essential. For example, some business coaches may focus on a directive approach, providing specific advice and solutions, while others may use a more facilitative approach, guiding you to find your own answers through questioning and reflection. Consider your preferred learning and communication styles, and look for a business coach who can adapt their coaching approach to meet your needs. A good fit in coaching style and approach will ensure a more effective coaching relationship.

Consider Fit and Chemistry 

Last but not least, consider the fit and chemistry between you and the potential business coach. The coaching relationship requires trust, open communication, and a positive rapport. Consider if you feel comfortable sharing confidential information.

In conclusion:

In conclusion, a business coach can be a valuable asset to a small business owner struggling with disorganization and chaos within their business operations. 

Are you ready to make changes in your small business?

Contact us today at 405-919-9990 or schedule a free consultation by clicking here!

5 Practical Steps to Elevate Your Company Culture and Improve Retention

It should shock no one that we’re in the midst of a "Great Resignation." Across the country, businesses are struggling to keep their doors open due to a lack of an available workforce. 

While there are many reasons behind the number of individuals leaving their jobs post-pandemic, one aspect is clear: A company’s culture defines its personality and sets the tone for how employees interact with one another and customers. It’s a significant factor in attracting and retaining top talent and an important contributor to any company's success. 

Good company culture will offer clear direction, flexibility in work hours, autonomy over projects, personal growth opportunities, and more. Without a healthy company culture, you can all but guarantee that your team members will jump ship for another role – even one that doesn't pay as well!

So, what can you do as a business leader to fight the tide and emerge on the other side stronger? It all begins with understanding and implementing a solid company culture.

What is Company Culture?

Company culture can be defined as the behavior of people within a company. It encompasses many things, including how employees view and treat each other, their feelings towards their employer, and the overall mood within the organization. 

As well as defining an organization's personality, company culture also determines behaviors in line with its values. Culture is so influential that it can be the deciding factor between whether an employee stays or leaves. Individuals will weigh up several factors, including salary and benefits when deciding on their career path. 

But company culture isn’t just about the employees; it also determines how customers perceive your brand. When business leaders begin to realize the importance of culture to the success of their company, they set about defining and building it. As well as reflecting the personality and values of the organization, a strong corporate culture can also reflect positive brand attributes in customers’ minds.

However, while companies are largely concerned with recruiting new employees, many are overlooking one critical aspect-retaining existing ones. 

Why Is Company Culture Important?

Thriving company culture is vital to a successful business, attracting new talent, and retaining its current employees. Here are some reasons why this is the case: 

1. Company culture attracts and retains top talent.

People want to feel comfortable and safe when they come to work every day. A positive company culture is essential to creating a work environment where everyone feels valued, included, and considered. Attracting top talent is possible when your employees are happy in their position. 

A strong corporate culture can also help with recruitment by boosting your brand's appeal to prospective job candidates. Think of it this way: people want to work for companies that feel progressive, trendy, and fulfilling. 

2. Company culture encourages employee engagement.

This is a challenging subject for many business leaders who often struggle to increase employee engagement. A company culture of inclusion and respect can encourage employees to be more engaged in their work by fully investing in what they're doing. By working together collaboratively and creatively, employees are more likely to develop innovative solutions and ideas.

When an employee is working within an environment where their input is valued and heard by others in the company, it motivates them to put in extra effort for their employer. A review of studies conducted on engagement levels found that only 15% of workers were actively engaged in their jobs. The engagement rate was much lower for companies with poor company culture.

3. Company culture strengthens employee retention.

It's no secret that employee turnover can be costly to any company, costing an average of over 20% of an employee’s yearly salary in recruitment and training fees. But the actual cost to a business is not just in the money wasted on hiring new employees.

The loss of productivity, creativity, and innovation that can occur when an employee leaves a company affects the organization’s overall performance as a whole. Establishing a strong company culture will help you retain your current employees by encouraging them to be more involved and invested in their jobs. 

How Can a Company's Culture Be Considered Good?

Good company culture is one that employees want to be a part of. It rewards creativity, promotes innovation, and allows employees the freedom to express themselves without fear of being judged by colleagues or superiors. Being encouraged to voice your opinions and collaborate with others on projects will increase engagement and foster a healthy team dynamic. The following are a few ways that employees can gauge the strength of their company culture: 

Does the company seem engaged with its employees? 

Consider your own experience as an employee and think about how much appreciation you feel for your employer. Does the organization show some love by being involved with employees’ personal and professional lives? Or does it just seem like “business as usual?"

Are you paid fairly? It’s important that the salary you earn is in line with your industry and field of expertise. Not only should you be appropriately compensated for your work, but your employer should also recognize and reward your hard work and commitment to the company. A good employer should value everything you bring to the table: work ethic, creativity, unique skills-everything. 

Does a sense of community exist among employees? 

Many companies implement social programs to boost employee engagement levels and create a sense of community in the workplace. An essential part of any successful program is that it’s consistent. Participation in such initiatives should be ongoing and effortless for employees to participate.

When an employee shows their work colleagues that they truly value them, even just by saying “thank you" or offering a quick smile and nod of the head, other coworkers become more engaged in their jobs. It’s this level of appreciation that fosters a strong sense of community within an office.

Is your company’s culture unique? 

A good company culture encourages and rewards employees for taking risks, making mistakes, and realizing their potential. These types of cultures usually result in unusually high levels of employee satisfaction. 

A great example from the retail industry is that of an employee-owned company, where every worker is part owner. These companies, including Publix Super Markets and Quik Trip Inc., have ranked among the best places to work for many years because of their unique focus on providing great benefits to their employees.

Practical Steps for Boosting Company Culture

In order to create a healthy corporate culture that attracts the top talent, you need three things:  Trust, Transparency, and Authenticity. These foundational aspects of any successful organization should be at the forefront of your thinking when it comes to crafting your own high-functioning workplace environment. 

Here are five steps for fostering these elements within your business model:

1. Be open to change and welcome innovation.

Innovation (or lack of it) is usually what separates a good company from a great one. To foster a culture where employees are constantly growing and learning, you have to be open to change and ready for new ideas.

Because we all do things in our own way, different approaches to tasks can make all the difference in the world. Encourage all employees to approach their work with an open mind and a willingness to learn.

2. Create transparency between bosses and employees.

Open communication goes a long way towards creating trust in the workplace. If your company values honesty and integrity, then it has to practice what it preaches. When you tell your employees that they are free to ask you questions and speak freely about any concerns they have, this helps build rapport and trust.

But it doesn’t stop at the C-level executives. Managers, department heads, and administrative personnel all need to be on the same page as their employees when it comes to transparency of information in the office.

3. Promote adaptability within the workplace.

For a company culture to be as productive as possible, employees have to adapt quickly. When you allow your workers to learn from their mistakes and try new things without fear of reprisal, they’ll feel empowered and motivated to take on more critical challenges.

4. Empower your employees in their jobs.

Tasks are listed, discussed, and delegated. Employees are empowered to complete their assignments as they see fit. However you choose to go about it, empower your employees with the tools and knowledge they need to succeed at doing what they do best for your company. 

5. Make it a family-like environment.

Positivity breeds positivity. When your employees feel safe and loved, they’ll be motivated to continue doing good work for your company. When an employee shows their work colleagues that they truly value them, even just by saying “thank you" or offering a quick smile and nod of the head, other coworkers become more engaged in their jobs. It’s this level of appreciation that fosters a strong sense of community within an office.

Unlock the Techniques of Company Culture with Business Coaching

Whether you are a brand new startup or an existing company, company culture is critical – and it can change on a dime. If you find your organization's culture becoming stagnant or suffering from internal conflict, the problem may be on the verge of spinning out of control. One key to boosting your company culture effectively is to work with a business coach who has expertise in company culture.

Why should you hire a business coach?

A business coach can provide a third-party perspective on your company culture and help you identify blind spots that are hindering your employee retention. The past few years have revealed to many business leaders how vital company culture has become and why millennials are now conditioned to seek out employers who practice transparency. 

Business coaches can provide the expertise that will help you restructure your organization for success and give you the tools to build a strong business foundation that can support growth.

Are you ready to take your company culture to a healthy, thriving level? 

If so, schedule a call to discuss how you can improve and elevate your company culture, retain your best workers, and attract new hires that align with your values and vision. We’re ready to help you put in place the habits today that will unlock a lifetime of success tomorrow. 

Contact MDM Enterprises today at 405-919-9990. Michael Morrison and our team of experts are dedicated to helping business owners increase their sales, reduce their costs, and save their marriage by reducing the hours they work "in" their business.

Why Understanding Your Core Values Is A Game-Changer In Business And Life

Have you ever been hesitant to make a decision because something doesn't feel right?

Have you ever made a decision and then immediately regretted it because you feel uncomfortable? 

Have you ever made a decision that you feel good about, but your partner or friend feels uneasy about it? 

The reason for those uneasy feelings? It's typically your gut feeling telling you something does not align with your guiding principles.

Your guiding principles are also why you might feel good about a situation, and those around you may not feel the same. Your guiding principles do not align.

So what are your guiding principles? Guiding principles are your core values.

Core values are defined as: a person's principles or standards of behavior; one's judgment of what is important in life. 

(Value definition provided by Google. Google’s English dictionary is provided by Oxford Languages.)

Your values are emotional driving blocks that lead you to build a better life. Understanding your core values can be a game-changer for your success in business and life. 

Here are a few areas in business and life that you can benefit from by understanding your top three core values. Following is a values assessment where you can quickly discover your top three core values.

CORE VALUES DRIVE YOUR SUCCESS

With the hustle and bustle in business and life, it is easy to lose sight of your initial objectives.

Often we forget to spend time on the things that matter most. 

Understanding your core values assist you in defining what is important to you and what areas of business and life you need to be focused on. 

We succeed when we keep a clear eye upon the prize.

For example, if one of your core values is personal freedom: your overall goal should be to know when to say yes or when to say no to opportunities that may cut into your schedule of commitments that affect your objectives.

When you understand your core values, you will pause and ask yourself if this will be the best use of your time to contribute to your success.

CORE VALUES HELP YOU MAKE BETTER DECISIONS

When you are the boss of your time, you can take the day off and go play golf whenever you want! You can revel in your success and take a break anytime.

But, is this the best use of your time?

By understanding your core values, you are better equipped to hold yourself accountable for what matters most. You will find that accountability is an excellent motivator for getting things done, make better decisions, and stay true to your objectives. 

It also helps you judge your actions clearly and honestly. Regular, honest self-assessment can propel you towards more productivity in achieving the goals you want to achieve. 

CORE VALUES AFFECT RELATIONSHIPS

If things of value to you do not match in a relationship or with a business partner, then the best thing to do is move on, or it will most likely fail down the road if there is not a compromise. 

Some things can be worked out and agreed upon, and other things cannot. 

For example, if you are in a personal relationship and are adamant about wanting children and your other half does not at all, then it is best to break it off and continue seeking a partner that does. 

If you were to go ahead and take the plunge with these values misaligned, then your relationship will more than likely come to an end at some point. 

People can change in some areas, but individual values don't. It's just in our DNA.

In business, an example is that you are in a business partnership. You are committed to working "on" the business and not "in" the business, and your partner feels otherwise. It is best not to enter into the business partnership or find a way to end your current partnership amicably. 

If values are not aligned in relationships, there will always be confrontations like who wants this or that, or who works more or less here and there. This will result in communication breakdowns, eventually causing uncomfortable tension in the future.

DISCOVER YOUR TOP THREE CORE VALUES NOW

After years of study, Michael D Morrison Enterprises has created a "Values Assessment" exercise. This exercise will assist you in discovering your core values in a matter of minutes, allowing you to make quicker decisions that drive your success in business and life.

Get your FREE "Values Assessment" by emailing michael@michaeldmorrison.com and putting "Values Assessment" in the subject line.

Are you ready to achieve success quicker by discovering your core values? Book a discovery call with Michael Morrison today.

Business Coaching: What It Is and Why You Need It

If you have just launched your own company, you are probably juggling a million different responsibilities at once. As CEO you are not only in charge of the company's vision but its financials, hiring, marketing, and operations.

It is extremely difficult to excel in all of these areas. It's also hard to learn how to delegate, lead, and manage. 

Business coaching is a great way for new company leaders to handle the myriad duties required. Even the boss needs a coach in his corner from time to time! 

Here are ten reasons why you may benefit from consulting a business coach.

1. Set Specific Goals

When you are caught up in the excitement of a company launch, it is easy to lose sight of your initial objectives. Often your overall goals get forgotten in the whirlwind of making sure you have accomplished everything on your to-do list. 

Companies succeed when they keep a clear eye upon the prize. They articulate their goal for their product or service, and how they expect to achieve it.

 A business coach can help you set specific goals that you can remember throughout the process to keep your eye on the ball. They can help you create long and short--term plans that accomplish long and short term objectives.

For example, your overall goal could be something like: to deliver top-quality educational books to regional school systems. Or, to provide clients with top-notch accounting services to companies making over $5 million or year.

When you have a specific mission, you will pause if you find yourself expanding into blackboards for schools, or spending a lot of time chasing a potential client that makes $500,000 per year.

Your business coach can also help you be realistic. While everyone wants to make a million bucks their first year in business, depending on your plan you might want to focus on earning enough to pay off your loans. Your coach can help you create goals for the first year, the fifth year,  and a ten year plan. (Then you can earn a million dollars!). 

2. Time Management 

One of the toughest things for company founders to learn is how to manage their time. As a company takes off, its leader may found herself drowning in email, overwhelmed by meetings, and floundering. 

When it is your company, you may feel responsible for everything. It's easy to start micromanaging.

Successful CEOs must learn a variety of skills they may never have mastered before. They must learn to hire reliable staff who can take tasks off their plate. They must research appropriate technology that can streamline processes.

CEOs that are overwhelmed and stressed tend to be less productive. They may alienate colleagues and make mistakes. 

A good business coach can help a new business leader learn ways to use his time more effectively. That means learning how to prioritize. It means learning how to say no. 

3. Build Better Habits 

It's easy to tell someone that they should not yell at their employees, but it is harder to teach them better ways to handle their stress. You may know in your heart that it is not doing your job or your family any good to stay at the office until midnight every night, but that doesn't mean you know how to change this habit.

A business coach will help you learn specific skills designed to make you a better leader and a more productive worker. You will learn how to do more in less time. You will learn tactics to help with brainstorming, boundaries, and incentivizing employees.

A business coach may also help you shift your bad habits to healthier ones, by encouraging you to leave your desk every few hours or by eating a healthy lunch.

Sometimes a business coach will provide in-depth insight into the root causes of your unproductive habits. Others may choose to give you simple easy tricks that help you stay on track. A good coach will find which approach works best for you.

You'd be surprised how much more effective you can be when you adopt better habits. That goes for your personal and professional lives. 

4. Metrics 

Another way a business coach can help you stay on track and be successful is by helping you define the metrics by which you will measure your own results. 

Will you be successful depending on the number of widgets you sell? The number of dollars you net?  Or how much your company is worth to a private equity firm? 

You want to know how to measure growth in a way that shows you when you are and are not on track. Your coach can show you how to align your metrics with your goals and how to review them regularly to see where you need to refocus or recalibrate.

5. Motivation  

It's lonely at the top.  It's hard to cut jobs, slash budgets, and discipline people when they do not do their jobs well.

It can also be hard to maintain a confident facade when the economy looks shaky, an investor pulls out, or a critical shipment is late. Sometimes you just may want to go into your office, put your head down on the desk, and cry.

A business coach can be the person you turn to when you don't want your employees to see you sweat. They can help calm your fears and show you the bigger picture.

They can also instruct you in ways to stay motivated. They understand the ups and downs of the market, and how human beings need to sometimes unplug, vent, or just let down their guard.

Like a sports coach, a business coach understands your frustrations and can help you channel them towards the win.

6. Leadership

Not everyone is a born leader. But leadership skills can be learned. Some people are naturally charismatic. But even if you are a more introverted type, you can inspire others to do their best. 

Whether you are outgoing or not, a business coach can help you identify certain traits you have that you can nurture to become a better leader.

Most leaders admit their mistakes and move on. They can be honest when they have tried something and it has not been successful. This kind of honesty and resilience is inspirational to others to do the same. 

Good leaders also listen to others and practice empathy. If these are not your strong suits,  a business coach can teach you ways to improve your listening skills so that the people who work for you feel they matter. 

Leaders are also not afraid to make bold decisions. If this is a terrifying concept for you, consider working with a business coach. He or she can help you increase your confidence and develop more ease with risk so you can do what needs to be done to grow your business. 

7. Accountability 

When you are the boss, you can take the day off and go water skiing whenever you want! You can revel in your success and take a break anytime.

It's important to be accountable to someone so that success doesn't go to your head.  Your colleagues may be hesitant to say anything if they see you slacking off or going on wild tangents.

A business coach is there to keep you on the straight and narrow. They are there to remind you of your goal and check in to see whether you are still focused on it.

By scheduling monthly meetings with a coach,  you are forced to be accountable.  You will have to report your progress and admit to where you have fallen short. You will find that accountability is a great motivator for getting things done and staying true to your objectives. 

It also requires that you judge your own actions clearly and honestly. Regular, honest self-assessment can propel you towards more effective leadership and productivity. 

8. People Skills

You may be a terrific engineer or inventor. You may be a whiz at finance and accounting. But without people skills, your business may suffer.

Every business requires others in order to thrive. Employees need to feel valued and appreciated. Clients want to know you understand their needs. Bankers want to know you know what you are doing.

A business coach can assist in improving your people skills so you can be more authoritative and approachable. They can help you "rehearse" difficult conversations so you are prepared. They can give tips on how to make employees appreciated and how to handle personal crises when they enter the workplace.

9. Networking

As a company leader, networking is a critical part of the job. You need to get to know potential clients, partners, government officials, and community leaders. You may have to attend council meetings, chamber of commerce events, and industry association get-togethers.

Networking can seem awkward and a waste of time. Let a business coach show you how to maximize your time at these events, and how to use your personality to your best advantage. 

10. Crisis Management 

Every company leader must at one time face a crisis. It could be an economic turndown, a lawsuit, or a disgruntled employee. 

How you handle a crisis could make or break your business. You need special training on how to maintain morale, handle publicity, and keep things going when things get rough. A business coach is well equipped to guide you through this challenging terrain.

Business Coaching: What You Need to Succeed

Business coaching can guide new and seasoned business leaders towards greater productivity and growth. They can advise on how to handle everything from employee or product complaints to crises of confidence to long term strategy. 

Everyone needs some help now and then. If you think you and your business could benefit from this kind of support, contact us for more information. 

15 Time Management Strategies and Tips You Need to Know

Managing your time wisely is a must, but let's be honest—it's not a very easy thing to do. 

We all wish there were more hours in the day, but that's not going to happen anytime soon…at least not for a few billion years. Many of us feel like we don't have enough time, but the good news is there's plenty we can do about it. 

Want to know how to manage time? Check out these great time management strategies. 

1. Create a List of Daily Tasks

First, begin each day by jotting down a list of tasks you wish to complete. 

If you want to learn how to manage time better, list-making is right up there at the top. Formulate a picture of what you want to accomplish before the end of the day, and then break that down into realistic milestones. 

Check off each item as you go, and watch the completed tasks pile up. 

2. Learn to Prioritize

Of course, writing a task-list in random order isn't going to cut it. 

This is where prioritization comes in. Emphasize the more important tasks first, and relegate the less important to the back of the list. 

Priority tasks are those that are more difficult to complete or come with a time limit. If necessary, disassemble these big tasks into smaller, incremental steps that are easier to complete. 

3. Set Time Limits

As time management strategies go, this is big. 

Leaving yourself an open-ended time period to complete a task is just asking for procrastination and time-wasting. Don't acquire this bad habit. 

Set firm but realistic goals for each of your tasks. By now, you should know about how long it might take you to perform a specific task. Try to finish your work within the designated timeframe, and keep aiming for faster finish times. 

4. Avoid Distractions

A major part of learning how to be better at time management is avoiding distractions. 

Sometimes, distractions are unavoidable. But let's be honest—you could do a better job eliminating some very avoidable ones. 

So use the "do not disturb" function on your phone or computer, don't go down the rabbit hole of reading junk articles on the internet, and turn off the TV. Distractions are your enemy—vanquish them! 

5. Avoid Multitasking

This is related to the above. Time management at work is difficult, and sometimes it's tempting to try to do several things at once. 

Sometimes, you don't have much of a choice. But try to pare down the multitasking as much as possible. Focus on one thing, do it well, and follow it through to completion. Then move to the next thing. 

Trying to do everything at once will only leave you with nothing accomplished. 

6. Time Management Apps Are Your Friend

This age of computers and digital devices comes with innumerable distractions. 

But there are also plenty of newfangled applications to help you focus and manage your time. Organizational apps like Trello and Toggl, and time managers like RescueTime and Remember The Milk help you organize your tasks and boost your productivity. 

7. Set Aside Time for Emails

Look, we all get caught up scrolling through the inbox, checking and responding to emails. Or we instantly respond to emails as they roll in. 

But this is another distraction, and if you can help it, set aside a chunk of time during the day for answering emails. Turning off email notifications would also help out. 

Either way, this is about prioritization (see #2). Designate certain times to check and respond to emails (in the morning, at lunchtime, and late afternoon), and ignore them the rest of the time (if you can). 

8. Perform Weekly Time Audits

Auditing your performance every week will help you track your progress and better understand your time management. 

Keep a record each day of how much time it takes you to complete your tasks. Then, at the end of the week, you can see how you've done. Look for those areas where you performed better than you thought, and find where you need some more work. 

9. Change up Your Schedule

Sometimes you need to shake things up a bit. 

If you find that you're still having trouble organizing your time, despite using various management tricks, you might consider a schedule change. Maybe you need to wake up earlier or focus on certain tasks in the morning and others in the afternoon. 

Change your routine every once in a while, and see if that helps out. After all, everyone gets into a rut sometimes. 

10. Always Have Backup Tasks

It's good to have a little ancillary list of low-priority, but still important tasks always on hand. 

The reason is that sometimes unforeseen circumstances insert a hard break in your main task routine. A computer program stalls, the network is down, or the internet has a meltdown. Could be you're waiting on someone else in order to complete your task, and they're not cooperating with your schedule. 

Whatever it is, it's always a good idea to have a few backup tasks that need to be done and that can fill up your wait-time. 

11. Organize Your Space

Time management strategies are always helped by efficient space management strategies. 

If your workspace is a sloppy mess, get in there and get organized. Put your desk in order, and remove all that clutter and those piles of papers that have been accumulating for at least a decade. 

The same goes for your digital space. Take the time to organize all the files and apps on your computer, and put your inbox in order by using all those handy folders and other organizational features. 

12. Use the Calendar!

A calendar is your friend. And it's also a great way to organize your tasks and manage your time. 

If you prefer the old, physical kind of calendar, then go nuts. Schedule tasks with differently colored pens and markers, fill it with Post-It notes, and do whatever else you need to organize your time. 

If you'd rather use the digital kind, avail yourself of all the many features. Set up reminders, devise schedules, and use alerts to keep you focused and on track. 

13. Don't Try to Be a Perfectionist

Obsessive perfectionism is the nemesis of good time management. 

If you suspect you're a perfectionist, figure out a way to moderate this behavior. If you're always trying to follow your tasks through to an unrealistic standard of perfection, you'll be spending hours on it. 

Oftentimes, what's needed is for the work to be completed, not completed to the point of being a masterwork. Sometimes, good is good enough. Stop trying to be perfect. 

14. Learn to Delegate

It can be a little unnerving to entrust one of your tasks to someone else. But if it's possible to delegate some work to a teammate, then by all means do it. 

If you offload some of your tasks to others, this will lessen your workload and allow you to concentrate on the more important tasks of the day. Start with the less important tasks, and see how the teammate does. If they do a good job, you can begin to share more important tasks. 

15. Nope Out When You Have To

There comes a time when you have to put your foot down and say "no" like you mean it. 

If you're always taking on extra work from co-workers, or fielding their requests, you won't have time to complete your work. And what response will you have when asked why you didn't finish your tasks? 

Create some boundaries, and maintain them. When your work is completed, then you can assist others. You can only do so much, and there are only so many hours in the day. 

Bonus Time Management Strategies

So those are fifteen time management ideas to help you get the job done. 

If you focus on them, you'll start to see results in managing your time. But let's look at a few bonus tips to further help you get organized: 

Bonus Tip #1: Do the Most Important Tasks in the Morning

That's right. Get the most serious chores done right away, when you've got the energy and drive to tackle them. Leave the lesser stuff for the afternoon. 

Bonus Tip #2: Don't Wait on Inspiration

Sometimes you're just not feeling it. You haven't got the divine "spark" instilled in your brain by the Nine Muses. Never mind—dive into the work and the motivation and inspiration will follow. 

Bonus Tip #3: Do Less

Understand that you can't always get everything done in a single day. Look at your list of tasks, and decide which ones are really important. Focus on fewer tasks, and do them well. 

Use These Time Management Tips to Meet Your Goals

We hope these time management strategies will help you better organize your time and achieve your daily goals. Remember, all it takes is determination and a little chutzpah. 

Are you ready to explore the many ways you can succeed in life? Go ahead and book a discovery call with Michael Morrison.  

How To Get Out Of A Funk

Remember how normal things were before the year 2020? Yeah, I don't either.

Like many this year, I have found myself in a bit of a funk from time to time.

These days, it seems that just when things begin to stabilize, another unforeseen event creates a new ocean of uncharted waters. 

The unforeseen creates turbulence that is disrupting our confidence in our plans like never before.

So, it is valid and understandable why so many of us get in a funk from time to time as worldly ways continue to throw us curveballs. Here are a few simple tricks to turn that frown upside down in just a matter of minutes.

If your circumstance is extreme, waste no time reaching out to resources like MentalHealth.gov or The Substance Abuse and Mental Health Services Administration.

Here are a few tips we've found to be helpful to get out of a funk. Consider these if you are looking for inspiration to move you forward from a short season of funk.

Schedule It

With unprecedented times, comes uncertainty. 

Do you see anything exciting on your calendar in the near future? For most, the answer is no. Most destination trips, concerts, special events, etc. have been canceled or postponed indefinitely.

Before the CoronaVirus, our calendars looked like pieces of art with various colors highlighting numerous activities as well as the anticipated Paid Time Off for our destiny vacation.

Today, many social calendars look like a blank white canvas eager for a special event to take up space.

Often, joy and meaning is the hope we have for the future.

So, if we do not see anything exciting to look forward to in our future, we unknowingly will fall into a funk.

Schedule something exciting in your social calendar every couple of weeks to look forward to even if it is small.

Examples could be a hiking trip on Saturday with the kids, a drive-in movie, organizing digital pictures from all of your devices and installing on a digital frame for the family to enjoy, take a virtual trip with a friend, schedule a recurring time to learn a musical instrument, plan a mountain biking trip, schedule an online cooking course, schedule time to write a book, learn a new dance style, schedule an unplanned road trip, take time to train and spend time with your dog, and so much more. 

Get creative and schedule small things that will get you excited to look forward to soon and often!

Unplug

Online platforms are addicting! Studies have shown that social media leads people into depression and a funk.

Addiction to digital connections is also causing many to drift from healthy human interactions into an unhealthy funk.

We do not need statistics to tell us that we need to disconnect. But, we do need reminders about why it is important to disconnect.

Here are just a couple of reminders why it is essential to unplug for extended periods:

Today, social media feeds leave many people with thoughts of envy or jealousy from others posting what appears to be a more comfortable life. Leading us into a funk that our life is not exciting or good enough. In reality, most users are posting nothing more than kodak moments, and their life is typically more chaotic than ours.

Unplug from all news for a minimum of 1 month, and you will improve your health and feel better. If you have not figured it out by now, the news is not even close to what is happening in the real world. Consistently checking in on the news is detrimental to your mental and physical health. 

Digital distraction, if unrestricted, can make us numb. Numerous studies show that Internet addiction can be as addictive and harmful as cocaine, alcohol, and other dangerous substances. 

Just unplugging from these two alone will quickly get you out of a funk.

Spontaneity 

A common reason people get in a funk is boredom. When our surroundings do not change often, we get stuck in a rut leaving us in a funk.

The COVID-19 pandemic has caused many people to become hostages within their own homes for extended periods leaving very little room for spontaneity.

Others are in a funk because they are stuck in a relationship, a lousy job, or caring for an elderly loved one day-to-day, and their life has become mundane.

Structure in our life is good for personal development, but too much of the same thing every day can leave us unmotivated and uninspired. Change your routine. Many people do not like change, but change is inevitable to get out of a funk. 

Examples of spontaneity could be taking a different route to work, mow on Thursday evening rather than the usual Saturday morning, take an unplanned road trip, discover new music to listen to in the car, go for a walk, read a book by the lake, go on a nature walk at lunch instead of with co-workers, call a loved one you don't talk to often, try a different food you've never tried before, try something you are scared of, or try a new sporting event.

Get creative! Spontaneity activities vary from person to person. By doing something different today, tomorrow, and the following day's you will quickly find yourself inspired to add more spice to your life, and you'll be out of your funk in no time.

How to Get Out of a Funk

We all get in a rut from time to time, as it is a normal part of life. If you are in a funk, try one of the activities listed to change things up. Changing things up is often the key enough to getting us out of a funk.

Are you ready to explore other self-development strategies to succeed in business and life? Book a discovery call with Michael Morrison today.

How To Set Goals That You're Actually Going To Achieve

If you've ever set a goal in January only to fizzle out by February or March, you know that achieving goals is harder than it sounds. In fact, 80% of people fail to keep their new year's resolutions. 

But don't throw in the towel just yet. In this article, you will learn how to set goals that work. You'll understand the difference between the way you set goals in the past and the better way to do it moving forward.

Read on! 

Take a Good Long Look at Your Life

The best way to succeed in reaching your goals is to start by taking stock.

You need to evaluate where you are in life. Look at each area in your life: relationships, finances, career, health, wellness, creativity, and so on.

Be completely honest with yourself. It might help to do an assessment or write down how satisfied you are in each area on a scale of 1 to 10.

Then look over your findings. What areas need improvements? What parts of your life are you unsatisfied with?

Answering these questions will help you start from where you really are. Then, you are more like to make goals that are attainable and realistic because you aren't under delusions that will cause you to fail.

Once you have goals in place, you will be on your way to moving towards a life you love in every aspect. 

Imagine the Best Case Scenario 

Taking stock of your life can be shocking and discouraging. But don't worry. The next thing you will do is imagine an overarching vision for how you want your life to be.

Setting goals without having a clear idea of what you want your life to look like afterward makes you less likely to succeed. By cementing that vision in your mind, you know exactly what you're working towards.

Let's look at some examples. Some people set goals like go to the gym three times a week or lose 40 pounds. But that doesn't motivate you because you don't have a vision for what life will be like once you reach that goal.

Instead, imagine a life where you run a 10K race every 6 months and go for long hikes with your dog each week. Imagine that each Saturday you join other rowing enthusiasts on the lake and practice for a rowing competition.

That vision can do a lot to carry you as you force yourself to the gym three times a week. 

Consider the key areas of your life—health, relationships, finance, career, personal/ spiritual development. Then write down your vision for each category.

Put everything down! This is the time to dream big! 

Set SMART Goals

You've probably heard of SMART goals before. This acronym stands for “specific, measurable, achievable, realistic, and time-based.”

Non-smart goals are little more than wishes. "I want to lose 15 pounds or I want to earn six figures" don't tell you how you will do it or when.

Instead, a smart goal would be, I want to lose one pound a week by eating clean and exercising every day so that I can lose 15 pounds by Christmas.

A big part of how to set goals and achieve them is to break large goals into smaller pieces. When you do this, the goal is still clear yet it is also within reach. 

One pound a week feels much more manageable than 15.

Also, achieving the smaller (in this case weekly) goals gives you a confidence boost. Then you feel motivated to push forward to the next step.

If your goal is large, see if you can break it down to quarterly goals. Let's say that you want to get a better job that pays X amount by next year. 

Break that goal into quarterly items you can do. On that list might be updating your resume, taking training courses to refresh your skillset. 

Then the second quarter might include interview prep skills and practice interviews. The third and fourth quarter might include applying to jobs and expanding your network.

Once you have your quarterly goals mapped out. Break those down into weekly goals. If you want to apply to 50 jobs a quarter, you can break that down to 12 a week.

Set Goals in Writing

This is crucial when you want to learn how to set goals.

Just the act of writing down a goal makes it real and tangible. It also matters how you write it. 

Avoid phrases like "I will try to..." Instead, choose powerful action words like "I will..."

Put that written goal where you can see it multiple times a day. Perhaps on your bathroom mirror, or on your computer screen, or on the fridge. 

Plan Your Behavior 

Research shows that you are two or three times more likely to stick to a goal if you have a specific plan for when, where, and how you will do the behavior you want.

This ties in closely to setting SMART goals. In one study, researchers asked people to fill in this sentence: “During the next week, I will partake in at least 20 minutes of vigorous exercise on [DAY] at [TIME OF DAY] at/in [PLACE].”

What they found is that those who completed that sentence were up to three times more likely to do the exercise compared to those who set a goal but didn't make specific plans.

In psychology, these plans are called  “implementation intentions.” They outline when, where, and how you intend to implement a certain action.

You can use this technique for everything you want to change in your life. From improving your grades to being able to quit smoking.

Habit Stacking 

Another way to learn how to set goals in life is to pair your new habit with something you already do. This is called habit stacking. All you have to do is decide that you will do your new habit before or after an existing daily habit.

For example: After I pour my morning cup of coffee, I will meditate for five minutes using my meditation app.

If you are on the hunt for a better job, your habit stacking might look like this. After I come back from my lunch break, I will send out one email to someone in my network.

This is really an easy way to get into the routine of your chosen goal. If you are someone who easily forgets things, this is a great tool for you.

Also, if you are a creature of habit, you will find this technique makes it easy to start changing the way you live your life.

Habits are the little know secret for success. Fine-tune yours and watch your life change.

Align Your Goals With Your Values

This step often naturally happens after you write down your vision for each area of your life. Yet, it's worth explaining it fully.

If you set a goal that doesn't align with your core values, it will be an uphill battle each step of the way. Some people can push past that resistance and accomplish it, but many of us can't.

Also, you may not realize that this is the reason why you find it almost impossible.

Ask yourself if your goals fit into the values that you hold close. Goals that you set because you think you should won't motivate you.

It is vital that your goals line up with who you are and especially who you want to be. Perhaps you want to be a great leader because of the powerful effect leaders have had on your life. 

Remember, goal setting is so personal. Goals aren't just something that can be borrowed or passed around from friends and family members.

You have to set goals that work for you.  

Make Sure You Have a Floor

Most people when setting goals are very clear about what they want to accomplish.

But what about when you have a terrible cold or a migraine? What about the days when your kids are acting out and so you have a bad sleep? What happens when you are on a family road trip or on a business trip?

Real life happens. It's not always easy to reach the goal when life gets in the way.

But instead of feeling like a failure or giving up, there is a perfect solution.

When you set a goal, consider that your ceiling.

For example, go for a 5-mile run every day. Great, that's your ceiling. Now you need a floor. 

The floor is the bare minimum that you could do even if everything conspires against you such as in the examples above.

If your kids are sick and you are on vacation and you have a headache - what is possible and doable on that day? Probably you can't run 5 miles that day.

But can you speed walk around your block? Or can you lace up your running shoes and at least jog to the mailbox and back?

The floor will be different for everyone. But it is what you know you can do no matter what.

Then, try to get those 5 miles whenever possible. But on days when it just isn't possible, you do your floor. 

Having a floor means you didn't fail and you are still working towards your end goal.

How to Set Goals That Work 

There you have it! A detailed guide on how to set goals that work.

We hope that this article has given you the confidence to know that it is possible to achieve your goals. It is possible to change your life.

Now you know how.

Are you ready to explore what possibilities are out there for you? Book a discovery call with Michael Morrison today.