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Feb 23

Starting Out in Small Business?

Where you focus your attention, you will produce your results!

When you are thinking of starting a business it can feel like an overwhelming task. How best to capture all those wonderful hopes, ideas and dreams for your business? Where do you start? How do you plan your business well and set yourself up for success?

One step you can take to make things easier is to step back for a moment and look at the bigger picture. Don’t make the mistake of diving on in there without taking time out to reflect on the purpose of your business and your vision for where it is headed – BEFORE you get into the action planning and to-do lists! Planning your business and having a clear strategy from the start will accelerate your business growth and take a some of the stress out of starting up on your own.

Take some time now to give your planning process a health check.

If you haven’t stopped to think about it then now is the time to start!

Use our Start Up ‘Health Check’ to get a clear picture of where your business idea stands RIGHT NOW and where you really need to start putting in the work to make  it succeed.

Grab a piece of paper and answer the questions below on a scale of 1-5

(1 Strongly disagree, 2 Disagree, 3 Neither Agree Nor Disagree, 4 Agree, 5 Strongly Agree)

  • I have a clear vision and strategy for my business
  • I have balance between my current work/career/family situation and the work I am doing to set up my business
  • I excel at adapting to and implementing the changes that are popping up along the way
  • I know how my business will attract a steady stream of  clients
  • Setting up my business is inspiring me to excel and bringing out the very best in me
  • I have clear boundaries and expectations for myself in relation to my business and I am sticking to them
  • I have identified the important stakeholders in my business (e.g. clients, business support services, suppliers, media) and I have a plan for how  I am going to communicate my business idea and vision to them
  • I am seeking out opportunities to learn and grow as a businesswoman
  • I feel connected to and supported by a strong network of people in my business community
  • My work style and business systems are highly productive
  • I am committed to taking time to ‘step out’ of the business regularly to focus on my big picture business vision and strategy
  • I love working on my business!

If you scored 4 or 5 on all of these questions, congratulations! You have many elements in place that make a healthy business.

If you scored 3 or lower on any of these questions, you may not be setting yourself up to achieve your full potential in business.

Which areas above to you need to address? Where are your gaps? Take the plunge and leave a comment below sharing the areas you think you need to improve in -we guarantee we will reply to you with some tips on how you can get started!

Whether you address these challenges on your own, or employ an expert to assist you, don’t let this information pass you by unheeded.

After all, its not what you know, its what you do with what you know that counts!

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Did you enjoy this post?

Are you ready to take your commitment to your business one step further? Apply for your FREE 1:2:1 “Business Breakthrough” Strategy Session now and get a taste of how we work at LYSB.  To find out what it’s all about and how to apply click here.  These sessions are valued at $197 and there are only 5 spots available per months – apply for yours now!

(LYSB are certified facilitators of the Genuine Contact (TM) Program in Organisational Health and Effectiveness. This resource has been adapted from the self-assessment tool available on the Genuine Contact Professionals website at www.genuinecontact.net)


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  • nola

    hmmmmm.
    I think i scored less than 3 on all of those questions above – I know how to make things and how to be friendly to people who might want to buy them but frankly thats about it.
    Its all a little alarming to acknowledge even if you actually aready knew it.
    Right now the question ‘are you just playing at being in business?’ is flashing in neon inside my skull, but I suspect that even that is overstating the case because i’m too scared to even put my toes in the sandpit!
    eeekkkk!

    • hey Nola (aka SG?)
      Thanks for your reply. It really resonated with me when I read it! It took me back to a moment, probably about 2 years ago now, when I had the same neon sign flashing in my skull! Sam and I were in the UK travelling and I was working on my coaching business part-time whilst working as a carer for folks with spinal injuries. It was a great travel job – meeting interesting people but also getting time to work on my business when my client was at work. I had just signed up with an online marketing guru called Bernadette Doyle because I had realised that being great at what i did was not necessarily enough to get me clients and that I seriously needed to upskill in sales and marketing to make my business work. One of her articles asked a similar question & it knocked me for a six also! It led to two really big steps for me. The first was a realisation that I was serious and prepared to make a commitment to my business but that I did not want to work alone. This eventually led to my business partner Jo Foster coming on board (best thing that ever happened to me!). The second was the decision to take a LEAP of faith and sign up for one of Bernadette’s paid programs (all my learning had been from her free content prior to that). Looking back now I can see that those 2 decisions were really big ones and have really transformed things for me.

      Of course, your solutions may look different to mine and it may feel rather overwhelming right now. Don’t panic! Take it one step at a time and draw on the people around you for support! Use our free ecourse to take some of the first steps if it fits for you. Warm wishes, Janine

  • Nola!
    We are loving your honesty and half the battle is over when you can face up to and acknowledge the areas in which you are not so strong. No-one can run a business without the help of guidance and mentors.
    Perhaps the next step is to identify the most crucial area of business that is holding you back and seek expert support to get things moving! Let us know how you get on
    Jo 🙂

  • Hi Nola,

    I am trying to get a business going and I know it can be frustrating just getting out of the starting blocks. I have a number of friends with business experience and they have kindly met me for a coffee and a chat. It has been useful because they have all given the same advice in varying ways.

    The key thing I have been sent away to do is to write a business plan. This in itself was a challenge not knowing where to start, but there are a number of templates on the web.

    What it is doing is putting together in one place all the notes and ideas I have made and getting me to think strategically. It’s also helping me to fine tune exactly what my business is going to be. That is, what my niche is and what I can offer as an expert. It includes goals, philosophy, strategy, timelines etc. I will pass the finished document by a friend who is going to give me some feedback.

    This is a living document, so it is open to change but it provides a road map for the way forward, a place to start.

    Good luck, don’t give up. Live your dream!
    Sue

  • Donna B

    Hi Guys
    Well Im the next option but thought I would do this one also to see if Id missed any steps…hmmmmm I think Im doing it all as above but in a frilly way…playing with it I suppose! I know its because I have no NEED, so I think thats what I have to find!! I ‘aquired’ my business and then had to figure out what to do. I attended a small business management course which helped heaps, but still did not give me the ‘NEED’ Im agreeing with Nola (below) Im scared also!!! its like going into a dark forest, knowing theres things in there I know are going to scare me!!
    OK now I’ll do the next choice, which is me now I think, ‘Flying Solo’

    cheers Donna B

  • Donna B

    Hi Guys
    Well Im the next option but thought I would do this one also to see if Id missed any steps…hmmmmm I think Im doing it all as above but in a frilly way…playing with it I suppose! I know its because I have no NEED, so I think thats what I have to find!! I ‘aquired’ my business and then had to figure out what to do. I attended a small business management course which helped heaps, but still did not give me the ‘NEED’ Im agreeing with Nola (below) Im scared also!!! its like going into a dark forest, knowing theres things in there I know are going to scare me!!
    OK now I’ll do the next choice, which is me now I think, ‘Flying Solo’

    cheers Donna B

  • Donna B

    Hi Guys
    Well Im the next option but thought I would do this one also to see if Id missed any steps…hmmmmm I think Im doing it all as above but in a frilly way…playing with it I suppose! I know its because I have no NEED, so I think thats what I have to find!! I ‘aquired’ my business and then had to figure out what to do. I attended a small business management course which helped heaps, but still did not give me the ‘NEED’ Im agreeing with Nola (below) Im scared also!!! its like going into a dark forest, knowing theres things in there I know are going to scare me!!
    OK now I’ll do the next choice, which is me now I think, ‘Flying Solo’

    cheers Donna B

  • Donna B

    Hi Guys
    Well Im the next option but thought I would do this one also to see if Id missed any steps…hmmmmm I think Im doing it all as above but in a frilly way…playing with it I suppose! I know its because I have no NEED, so I think thats what I have to find!! I ‘aquired’ my business and then had to figure out what to do. I attended a small business management course which helped heaps, but still did not give me the ‘NEED’ Im agreeing with Nola (below) Im scared also!!! its like going into a dark forest, knowing theres things in there I know are going to scare me!!
    OK now I’ll do the next choice, which is me now I think, ‘Flying Solo’

    cheers Donna B

  • Donna B

    Hi Guys
    Well Im the next option but thought I would do this one also to see if Id missed any steps…hmmmmm I think Im doing it all as above but in a frilly way…playing with it I suppose! I know its because I have no NEED, so I think thats what I have to find!! I ‘aquired’ my business and then had to figure out what to do. I attended a small business management course which helped heaps, but still did not give me the ‘NEED’ Im agreeing with Nola (below) Im scared also!!! its like going into a dark forest, knowing theres things in there I know are going to scare me!!
    OK now I’ll do the next choice, which is me now I think, ‘Flying Solo’

    cheers Donna B

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