Big
Vision Roadmap
Four Obstacles to “Fame and Fortune”
There
are four obstacles that stop business owners
from reaching their Biggest Vision that surface over and
over:
1.
thinking small
2. marketing issues
3. time management issues
4. not enough money
Just
like many success blocks, these are often fear based.
Let’s look at them one at a time.
1.
I’ve had clients who felt so elated each time they
made a sale that they took time off and “floated”
for a day or two afterward. Rewarding
yourself after you’ve closed a big sale is a great
idea; thinking you’ve got it made
is not. If you have a Big
Vision for reaching your ideal business and life goals
and a roadmap to get there, it must include
clear bottom line profit goals for the year and for each
quarter.
Each
sale represents just a step toward this goal. By
keeping the big picture in mind,
you can feel satisfied and even more motivated to
go out the next day and take another step toward your goal.
Business owners who think small tend to skip setting clear
sales and profit goals. Without these goals, you can have
lots of sales and barely break even, because you haven’t
looked carefully at profit margins and pricing. Now don’t
tell me you just don’t have time for this kind of
planning.
To
Think Big you need to Plan Big.
If you’re
feeling uncomfortable with this step, some
inner focus work and self-assessment may be needed to uncover
what’s causing the discomfort so you can breakthrough
it.
2.
We’re all skilled at what we do or we wouldn’t
start a business, but marketing
is a specific skill set that requires highly creative,
“out of the box” thinking.
Marketing is not a haphazard activity. If you own a business
and aren’t getting results from your marketing,
a wealth of affordable help is available.
You don’t
need to have a big company marketing budget to implement
a profit producing plan. But you do need to have
a budget and a detailed, focused marketing strategy and
plan. Again, please don’t skip this step!
Anyone who tells you that you can market your business without
spending a dime is probably from another planet! Check
out the links at the end of this article for low cost, high
return marketing help.
3.
With today’s
frenetic pace, we all suffer from struggles with time
management. More and more it requires
laser-like focus on priorities to use our time wisely.
Time management is also about outsourcing tasks that are
not profit producing for us, or are in areas where
we are weak. Although we may not be able to do
this from Day One, we can plan it as part of our Big Vision
Roadmap. Business owners
who like to micro-manage and are afraid to give up some
control are doomed to stay small and overworked.
There
are dynamic self-sustaining
systems that you can put in place which will assure that
your outsourced tasks are completed properly.
This is key. I can’t stress enough how important it
is to schedule time to quiet your mind as well,
and to reflect and plan. This is how you’ll
be able to refresh and renew and when you’ll have
access to some of your best ideas. In addition, visualize
daily in detail how you’ll look, feel and act when
you reach your goal. It’s very powerful.
See the links below to download a free Big Vision Tool to
assist you.
4.
Finally, even if you’re a solo entrepreneur, running
a business without a business-building budget is simply
not possible. Do big companies operate
without a detailed budget? Sit down right now and make
a simple plan, answering such basic questions as:
In the next 12 months, what are your projected sales?
- How
will you generate these sales?
- What percentage
of sales will you spend on marketing, accounting,
consultants, new product development,
employees, insurance, benefits, administrative help,
etc?
- What
will it cost you to generate each sale?
- Are your products
and services priced right?
- What’s
your profit margin on each sale?
If you’re
just starting your business and have no current income you’re
going to need to borrow enough money to do all you can to
get your business off the ground. A business plan
will help you figure out how much you’ll need.
If you’re already up and running, look
at the past year to help you predict what you’ll need
next year, but remember to think
big. Don’t short change yourself.
Just
following these simple suggestions can result in a remarkable
leap forward for your business!
We will
delve into each of these four areas in future months. |