Being a business owner is HARD. We’ve put together our top 5 tips for business owners in the hope of supplying you with a game plan for business success!
Tip 1: Master your destination – Get clarity on your goals! How do you know if you are going in the right direction if you don’t know where you want to go? Set goals that will drive you forward on the good days but goals that will also motivate you to keep going on the not-so-good days.
Tip 2: Master your finances –We talk to so many business owners who are lost when it comes to their finances. You need to always know your figures. Know how much your hourly rate is, how much profit you are making, know your targets and regularly review them! If you’re struggling with your finances, get in an expert. We all have our strengths and if finance isn’t yours, hire someone who has that skill.
Tip 3: Master your time – It’s easy to get caught up in the chaos and lose track of the big picture. You need to be efficient and prioritise the tasks that will help you get to your goals first. Make sure you’re delegating the smaller tasks to your team; you need to concentrate on the bigger ones! If you find this difficult, consider utilising Google Calendar and block out your time (it’s a lifesaver we promise!)
Tip 4: Master your delivery – Perfect your finished product/service, then be consistent in your delivery. Clients will become accustomed to your high standards, so don’t ever let them drop. Write a procedure and system that others can follow if you are off sick or unable to work, this way your clients always receive the same delivery. The business can’t solely be relying on you!
Tip 5: Celebrate your successes – Take time to celebrate each achievement and milestone. Shout about it so your clients (and potential clients) know how well you are doing. Being a business owner has its ups and downs, make sure to take every win as it comes.
The final of our top tips for business success is to register for a FREE 60-minute coaching session where we will work with you to understand the areas of your business where you need to focus, and also for you to experience the value that coaching could bring to your business.
We welcome all Business Owners whether you’re the business owner with no employees or part of a large organisation with a large team.
By the end of the session, you’ll have a better idea of what you need to do next to fix your business and if coaching is something that will help you to get your business to where you want it to go.
Good luck with your business venture, big or small! We know you can get there and if we can help you along the way, even better.