Have you started a new small business within the last year? If so, do you see yourself in any of the following scenarios?
Many of my business coaching clients come to me in one of two troubling conditions. Take a moment and think about which applies to you the most.
SIGN #1 Stuck in Dreamland
Contrary to its name, Dreamland is actually a miserable place to be. Starting a new small business can either be a dream come true or a horrible nightmare. However, the truth is, a dream without a workable plan is simply an empty self-defeating fantasy. Clients in Dreamland are often tortured by procrastination, doubt, and lack of clarity even though they have a strong desire to launch that new project or grow their business. Clients in this category are absolutely desperate to see some progress, small success and any evidence of forward momentum in their lives.
The Solution: A solid business strategy and consistent action towards it is what’s necessary to successfully move forward.
SIGN #2 Swimming in Chaos
This is just the opposite of the slow-paced Dreamland. For clients who are “Swimming in Chaos” things are too exciting, almost out of control. There are too many options and too many choices. Too much is happening – too fast, with no time to think or plan.
These clients tend to feel enormous tension between their current work, their future goals, and their personal lives. Just when their opportunities are biggest, their lack of strategic focus is also magnified and their personal abilities are stretched to the limit. They know their current lifestyle is not sustainable, and something has to change quickly.
When you’re focused on trying to get through each day, week, or month, there’s little time or energy left to focus on build a better future for your business.
The Solution: Consistent action in the same direction towards a strategic priority is what’s necessary.
3 Ways to Overcome These Business Building Obstacles
1. Decide On A Business Strategy
You wear many hats as a business owner. Therefore you must constantly refocus and keep the main things the main things. You also need a strong strategy for your business. Finally, you must be aware of the most important areas small business owners need to concentrate on, the exact steps to take to grow your business, and when to take them. All successful people set their mind on what they are going to do, and then do it. As an entrepreneur, remember where to put your energy and how to achieve remarkable results in the shortest amount of time.
2. Develop Strong Entrepreneurial Leadership Skills
Understanding your strengths and weaknesses will allow you to avoid the pitfalls that many people face as they launch or grow their businesses. Developing a true entrepreneurial mindset is what separates the self-employed from actual business owners. The key is to know what you’re good at, where you need to grow, and what you need to outsource or build a team around.
3. Dive Into Personal Development
A wise man once said, “Every business problem is a personal problem in disguise.”
Sometimes it’s not the “outer” things that keep entrepreneurs from moving forward. Instead there are fears, unresolved issues, negative beliefs, and doubts that truly get in the way of real progress.