All posts tagged small business

Eight Ways to be a Great Leader

Eight Ways to be a Great Leader

Four business executives having meeting in boardroomEffective leadership is not an easy skill to master. It usually takes years and years of experience, trial and error, and self-reflection. However, the more others respect you as a leader, the more successful your business will be. Here are a few tips on how to become the kind of leader you’ve always wanted to be.

1      Keep your word. It doesn’t get much simpler than that. If you say you’re going to do something, be sure to follow through in a reasonable amount of time. You may have unanticipated circumstances arise, but a constant pattern of not doing what you said you would do will quickly cause others to lose their trust and respect. Giving someone your word should really mean something, so be sure to follow through.

2      Be inclusive, welcoming, and make others feel safe. There is nothing worse than an intimidating leader who only seems to associate with a select few. Include everyone from entry-level employees to team leaders and executives within a work environment that rewards hard work and fosters a collaborative feeling. If others are afraid of you, their work will suffer.

3      Encourage creative thinking. You want your employees to think outside the box, so the best way to get them to do this is to model it on a regular basis. When assigning a project, give a clear idea of what you want the outcome to be, and reinforce your desire for higher level thinking and creative ideas. Don’t let others be afraid to take risks.

4      Allow people to share ideas and concerns. You most likely will not agree with many of the ideas and concerns that are brought to your attention, but it is of utmost importance that those who work under you feel free to express them. A business is not a dictatorship, and you want your employees to know that their ideas have value. Give others a voice within your business. You never know what you could be overlooking.

5      Support others and help them grow. When someone makes a mistake or doesn’t seem to be up to par with their colleagues, don’t use it as a chance to knock them down. Give them the opportunity to improve by providing practical suggestions, frequent support, and positive reinforcement when possible. The same applies to those who are consistent achievers; make sure they know you appreciate their hard work and that they have your full support.

6      Keep things running smoothly. Efficiency is the key to a successful operation, so although you may have assigned others to only focus on certain areas of the business, it is your job to ensure that everyone is working together, communicating with each other, and contributing equally to the business as a whole.

7      Maintain an exciting and fun atmosphere. Don’t let the day-to-day goings-on take over the feel of your workplace. Incorporate excitement and fun by planning team-building activities, allowing others to express themselves in a way that is professional and light-hearted at the same time, and even tapping into your spontaneous side. One office manager picks a random day of each month to reward one member of her administrative staff with an employee of the month type of award that includes a silly trinket, a funny song to celebrate, and his or her favorite lunch. Make your business a place that people look forward to working each day.

8      Hold others accountable for their actions. Bending the rules for some and not for others is a slippery slope. If your employees begin to feel that there are different rules for different people, morale will go down and productivity will suffer. When a person messes up, acknowledge it and act on it appropriately. The same goes for people who do something exceptionally well. Be sure to acknowledge it and encourage them to keep up the good work.

You can become a great leader who is well-respected by making sure you level the playing field and encourage creativity and hard work. What are some other qualities you feel make an effective leader? Please share your ideas below!

Six Easy Ways to Attract More People

Six Easy Ways to Attract More People

Businesspeople Applauding --- Image by © Royalty-Free/CorbisWhether you’re looking to attract more customers, recruit new employees, or network with influential people, there are a few simple things you can do to increase your chances of success. Take a look at our list to see how you can attract more people to you and your business.

  • Engage everyone with a friendly greeting. Sometimes we get caught up in our own worlds and don’t take the time to greet each person properly. Initiate a friendly exchange by greeting each person. A simple opening such as, “How are you this morning?” or “It’s a pleasure seeing you again,” can suffice. More often than not, such pleasantries can lead to a friendly conversation. When people know you are genuinely interested, they will not only remember you, but will look forward to interacting with you again.
  •  Focus on the individual. Although your ultimate goal may be to attract a certain number of people, forget that number when interacting with one person. For that moment in time, focus solely on the individual. What are his or her needs? How can you be of service to the person? What message is the person trying to convey to you? Don’t inadvertently turn people off by engaging them in generic conversations. Tailor your interactions to that particular person.
  •  Avoid arguments. You will not always see eye to eye with each person you come in contact with. Arguing, however, is unprofessional and will turn people away. Be proactive and avoid potentially controversial topics such as politics and religion. Even if you do these things and a disagreement happens anyway, take the high road and “agree to disagree.” People will respect and appreciate your honesty and courtesy.
  •  Assume everyone is good. By doing so, you demonstrate that you are a positive person who sees the good in others. This feeling is contagious and often reciprocated. Everyone makes mistakes, but giving others the benefit of the doubt will encourage a sense of trust and will likely strengthen your relationship. Besides, wouldn’t you want others to think the best of you?
  •  Be helpful. This can be done in so many ways, and a good deed will definitely be remembered by others. For example, the owner of a local pizzeria found a gold bracelet on a table left behind by one of his last customers of the night. He had no idea who she was or how to contact her, so he put it aside in case she came in again. She returned a few weeks later, and he asked her if she had lost it. The woman was so grateful she was nearly in tears; it turns out the bracelet was left to her by her recently deceased grandmother. She told everyone who would listen how generous the man was and became a loyal patron of the establishment. It would have been just as easy for the owner to toss the bracelet or keep it, but his helpful nature earned him something that was priceless for his business.
  •  Get involved. Reach out to your customers, your staff, and your community. Involving yourself in a good cause will show others that you truly care. People are attracted to others who are generous with their time and skills. Demonstrate your sincere desire to give back to those around you.

You can attract more people by treating others kindly and going the extra mile to show them you care. What can you add to our list? Please share your ideas below!

Five Ways to Find New Opportunities for Your Business

Five Ways to Find New Opportunities for Your Business

womensuccessBy doing more of the things you love and are good at, you can actually maximize your chances of finding a great opportunity for your business. Tap into your desire to interact with and help others, and you’ll find that it benefits your business. Take a look at our list to start making the most of your talents right away.

  • Talk to more people. Perhaps it sounds too easy, but striking up a casual conversation can lead to countless positive outcomes. Whether you’re at a professional workshop, on the train during your evening commute, or in the waiting room at the doctor’s office, initiate friendly conversation when appropriate. Sometimes even just the mention of what you do for a living will evoke more questions from the other person, and you never know what lies ahead. For example, a former schoolteacher who operates a tutoring business out of his home initiates some small talk with a fellow customer while waiting in line at the grocery store. It turns out the person is looking for contributions to an article she is writing for the local newspaper about the pressures high school students face applying to college. Someone who works so closely with these students in a different way than their regular teachers would make a great addition to the article, and a mention about his business certainly would increase his exposure. Not every casual conversation will end in such an opportunity, but taking this step may lead to more opportunities, so stay alert!
  • Be more curious. Don’t be satisfied with the status quo. What else can you learn about running a successful business? What is happening in the industry right now that could directly affect you? How do your employees and customers feel about your business? Asking yourself such questions on a regular basis will renew your motivation to move your business forward. If you aren’t constantly looking to improve, you may be in danger of falling behind. Make a commitment to be more inquisitive in your pursuit of success.
  • Show your passion. What exactly is it that you truly care about? What drove you to start your business in the first place? The former teacher decided to start up his tutoring business after realizing how much he enjoyed the small group extra help sessions he used to hold after school. He was able to connect with his students, which in turn increased their achievements. The regular classroom setting didn’t allow for this, and he found himself wishing his job consisted solely of these after school sessions. Becoming a professional tutor has allowed him to do just that, and his passion for helping young people is finally being fulfilled. Demonstrate the things you are passionate about, and others will be drawn to your drive and enthusiasm.
  • Constantly ask for introductions. This is similar to asking for referrals, but on a much broader level. Ask friends and family to introduce you to people in their lives that could provide a business opportunity. Take it even further and introduce yourself when possible, such as when at a social gathering. Even when you’re “off the clock,” don’t forget that possible business opportunities can be just a conversation away.
  • Try new things. Have you ever snuggled up on the couch with your favorite blanket knitted by your grandma and thought about taking up crochet? Or maybe you have an adventurous side and always wondered what it would be like to go white water rafting. If you have other desires outside of your business, find the time to explore them. You will be exposed to a whole new group of people, and a host of possible business opportunities you may not find elsewhere. And hey, you’ll also have fun!

The best way to find a new business opportunity is to know where to look and how to grasp it. You may not always get one in the end, but being active in your search will certainly help move your business forward. How do you maximize your business opportunities? Please share your ideas below!

8 Ways to Get Positive Results

8 Ways to Get Positive Results

Low angle view of two business executives shaking hands

In order to get more consistent positive results out of all that you do, the first thing you need to do is to maintain a positive attitude about every situation. Although we cannot control the behavior of others, we certainly can control the way in which we ourselves behave. Even if you are feeling less than enthusiastic, commit to finding the positive in every situation. Here are some ways you can incorporate being positive into your everyday routine and increase your chances of positive results.

1.       Write down your expectation for the day. The act of writing down your expectation solidifies your commitment to following through. By doing this at the start of each and every day, you are making an affirmation that helps you focus your mind and maintain your motivation no matter what challenges the day may hold.

 2.       Make a plan and prioritize. Writing down your expectation is a great start, but it is only the beginning. How will you go about meeting this expectation? Create a plan and prioritize which tasks are most important; tackle those first. For example, if your expectation is to organize your cluttered office, create a list of what steps need to be taken and in what order. You cannot file pending paperwork away without first purging old files and making new ones. You cannot dust and vacuum the furniture and carpeting without first clearing out the clutter and putting everything in its proper place. Making a list will keep you from becoming sidetracked and will allow you to get the positive results you are looking for.

 3.       Smile at everyone you see. A little smile goes a long way. Smiling at colleagues, clients, and even strangers on the street will bring out the happiness inside you and will even encourage reciprocal smiles and happiness in others. When people see you as a positive person, they will want to be around you. You will also enjoy your day much more when everyone is in a good mood and pleasant with each other.

 4.       Make your conversations positive. When someone asks how you are doing, it might not be a good idea to start spouting off negative comments about your team or how stressed you are about tax season. There is a time and place for such venting, but in your everyday conversations with others in a work environment, emphasize the positive. Talk about how excited you are for an upcoming trip or how you can’t wait to debut a new product line. Positive conversation begets more positive conversation, and both parties will appreciate the good feelings.

 5.       Seek the good in others. Give people the benefit of the doubt by assuming they are good. Everyone makes mistakes, but by seeking out the good in others, you give them a chance to be their best and redeem themselves if necessary. For instance, if a client has made a payment late, only to give you a check that bounces, don’t assume the worst and make an angry phone call. Maybe the person is experiencing personal difficulties that are causing financial strain. Keep this assumption in mind when dealing with adverse situations.

 6.       Eat healthy and enjoy your exercise. There is a meme circulating the internet that says, “When I eat garbage, I feel like garbage.” We all need to splurge once in awhile, but don’t make it a habit. When you eat right, you have more energy and you feel equipped to take on the day. Furthermore, enjoy the exercise you get, whether it be walking around the block or attending a high-impact Zumba class. The endorphins you produce while you exercise can make you feel re-energized and freshly motivated.

 7.       Don’t worry about the small stuff. Not everything is a matter of life and death. Learn to recognize what things require immediate attention and deserve your stress, and what things are out of your control or trivial in nature. A leaky roof is a valid thing to worry about, but finding that you have run out of stamps isn’t something to get upset about.

 8.       Start a daily gratitude journal and end the day with what you are grateful for. At the end of your day, write down the date and jot down what you are thankful for. Do it in a way that makes most sense to you: in prose, stream-of-consciousness, a basic list, or just some key words. If the last thing you think about before going to sleep at night is positive, you will rest easier and be able to continue the positive cycle again tomorrow.

It isn’t always easy to remain positive all the time, but sometimes you have to “fake it ‘til you make it.” Committing yourself to positive behaviors each day will actually help you feel more positive and achieve the results you want.

What do you do to achieve positive results? Please share with us below!

 

Creating a Budget for Your Small Business

Creating a Budget for Your Small Business

Tips for Creating Your Small Business Budget from http://dsef.orgWhen you have a small business, a budget can be a valuable tool to not only keep you on track, but also help you to grow. However, when the money that comes into your business fluctuates, it can be hard to plan ahead. Fortunately, there are some ways that you can create an estimated budget even if you have a variable income. Here are some tips to help:

  • Know your averages: It’s important that you know what the average income you can earn is for each activity in your business, as well as average expenses. For example, what is the average amount you earn per transaction or party? How much do you spend on average per month on business supplies? You may need to do some research to get these numbers, if you don’t have your own historical data. When you know your averages, you know how much you need on your calendar each month to earn an estimated amount, and can do the things necessary to get those things onto your calendar.
  • Know your fixed and variable costs: Are there things you pay for each month, quarter, or year? Things like your cell phone bill, rent, or website fees are fixed costs. You may have other expenses each month that change as well, like marketing fees or other one-time or fluctuating expenses. These are your variable costs, and you may be able to anticipate them by looking at how much you spent the previous year on certain seasonal events. Know how much is going out each month, and be sure you have enough income-producing activities scheduled to exceed these expenses.
  • Write it all down: We shared with you last week a Direct Sales Business Budget Worksheet. Use it! It is essential that you keep track of the money coming in and going out from your business. Small business owners that avoid the financial details are far more likely to fail than ones that pay attention. Record both your estimated and actual income and expenses, and make adjustments as necessary.
  • Be conservative in your estimates: It’s important to have some extra income set aside for unanticipated expenses, so you have some flexibility in your business. So even if you think you’re going to earn a certain amount, plan for the fact that you will earn less than you anticipate. And even though you think your expenses will be a certain amount, plan that they will be greater. It’s better to have more money than you anticipate at the end of the month than to have less. By estimating conservatively, the amount you have at the end of the month will be closer to what you expect.

Small business owners and entrepreneurs often neglect the important step of creating a budget because it doesn’t seem like the most exciting part of business ownership. Yet it is an important element of the overall health of your business.

Nevada Women's Money Conference Flyer from http://dsef.orgAs part of National Financial Literacy Month, we at DSEF are proud to sponsor the Nevada Women’s Money Conference. This important event helps women learn the skills they need to create a secure financial future for themselves and their families. Best of all, we’re providing full scholarships to the conference for women in DSA member companies! For more information, visit this page: http://dsef.org/what-we-do/womens-entrepreneurship/nevada-womens-money-conference-a-new-vision-for-women-and-money/ And please, pass this along to the women you love in Nevada. This is an amazing opportunity that can make a HUGE difference in a woman’s life! Thanks for helping us spread the word!

Three Quick Time Management Tips

Three Quick Time Management Tips

MP900316784[1]Managing your time can be one of the most challenging aspects of small business ownership, especially since you likely take on many roles to maintain a thriving business. However, by implementing just a few quick and easy suggestions, you will find that successfully managing your time can become second nature. Take a look at the list below to see how to start maximizing your precious time right away.

  1. Make a goal and set a time limit. This goes for tasks both large and small. For example, if you need to contact three different referrals, this can most likely be done in the course of an hour. Give yourself a reasonable amount of time to complete the task, but not so much time that you wind up procrastinating. For tasks or projects that are more involved, such as creating a new marketing campaign, set short-term and long-term goals. A short-term goal might be to brainstorm a list of ideas to market your business, so give yourself an hour or two to generate a comprehensive list. A long-term goal might be holding a marketing or opportunity event, so give yourself a reasonable amount of time to plan and hold the event. By setting limits, you can allow yourself to stay focused and motivated to finish on time.
  2. Find the best way to keep yourself on task. Identify your most common distractions, such as checking and updating social networking sites, or chatting with colleagues who stop by your office throughout the day. Once you’ve figured out what causes you to lose focus, identify what motivates you. Would it be a walk around the park on a sunny day during lunch? Your favorite frozen treat on the way home from work? Find someone or something that will keep you on task by helping you minimize or eliminate distractions, and use your motivators as a reward for staying focused. This takes a good amount of self-discipline, but what could be more worth it than your own business and financial success?
  3. Know why it needs to be done and what rewards come from completing your task. After awhile, some tasks can seem truly mundane. For example, filling out paperwork, proofreading documents, filing invoices, and paying bills are types of tasks that can make anyone want to roll their eyes at the thought. When faced with dreaded tasks, keep reminding yourself of the benefits of completing even the most trivial of tasks. Filing your invoices makes your life easier because it keeps you organized and saves time in the long run. Paying bills keeps your vendors happy, your business afloat, and gives you the ability to continue doing what you love. These subtle reminders can be an effective way to keep you on task no matter what you are doing.

Managing your time well will allow you to continually improve your business and keep moving it forward. 

Looking for additional time management tips? Start here:

What are your best time management tips? Please share with us below!

Tips for Taking Control of Your Business Finances

Tips for Taking Control of Your Business Finances

Tips for Taking Control of Your Business Finances from http://dsef.orgAs a business owner, your ability to manage the money you earn is just as, or even more important than actually making the money. Are you using your money wisely, or simply wasting it? Here are some tips for taking control of your finances and keeping more of what you earn:

  1. Write it Down: Even when it seems like a pain, or just one more thing to do, writing down the money that you earn in your business, and the money that you spend, is a valuable activity. When you see your income and expenses in black and white, it helps you make better decisions, and identify areas of waste. Use this simple spreadsheet: Business Income_Expenses Tracker, or your own method to track your income and expenses for your business. And the best part? By keeping track of your income and expenses daily or weekly, preparing your taxes is a lot easier!
  2. Know Your Averages: When you earn income based on commission, it can seem like a challenge to create and stick to a budget. But it doesn’t have to be! Find out what the averages are for your business: Average party sales, average you spend on a party, average sale per person, average autoship order, average downline commissions per downline member, etc. Then add up the number of income-producing activities you’re expecting to do each month, and use the average amount you can earn for each one. That gives you the total amount of money you have that month to work with. For example, if you can earn $120 per average party in your company and typically spend $20 per party on expenses (printing, gas, prizes, postage, etc.), and you have 4 parties scheduled that month, you can budget $400 for the month in party income. By knowing what you have on your calendar, you can create a monthly budget. And if something unexpected happens, you know exactly what you need to add to your calendar to reach your budgeted numbers.
  3. Make a Budget: It’s very easy to impulse buy. The latest gadget is awfully tempting, and you know that marketing tool is just the thing to bring in more business. But before jumping in, make sure you’ve got the income to support the purchase. Plan your monthly income and expenses first using a budget sheet like this one: Direct Sales Business Budget Worksheet Then you’ll know how much your business can support in expenses, and if the return is worth the investment.

How well do you know how to manage your personal and business finances? Take this online quiz to find out how much you know! http://dsef.org/what-we-do/consumer-initiative/womens-money-quiz/

Nevada Women's Money Conference Flyer from http://dsef.orgKnowing how to manage your business finances is key to creating the income you want in your direct sales business. That’s why we’re excited to partner with the Women’s Money Conference in Nevada to provide FREE full scholarships for women in DSA member companies to attend the conference. If you’re a woman in Nevada, or know a direct seller who is, get all the details on this 2014 conference here: http://www.womensmoney.org/speakers-and-agenda

What tips do you have for managing your business finances? We’d love to read your tips in the comments below!

DSEF & BBB: Understanding Your Credit Score

DSEF & BBB: Understanding Your Credit Score

blue_with_website-225x30022According to Experian’s 2012 State of Credit study, the national average credit score increased from 749 to 750. In addition, the average credit scores of Pennsylvania residents are above the national average, ranging from 758-773 depending on the city.

Your credit score can help lenders measure your financial risk when applying for credit cards, credit lines and loans. Higher scores generally equate to higher credit worthiness.

Your BBB offers the following tips for understanding and boosting your credit score:

  • Pay bills on time. On average, more than one-third of your credit score is based on payment history. Bills that end up going to a collection agency can drop a credit score as much as 100 points. Consider activating an automatic electronic payment schedule with your bank so payments won’t be late. Pay credit cards before they’re due. Promptly pay traffic or parking tickets and library fines and keep all payment records.
  • Maintain low credit card balances. Generally, another one-third of your credit score is based on the amounts you owe; often expressed as a “credit utilization ratio,” it is the percentage of the credit limit used. Keep purchases down to less than 25% of the credit limit at any time, even if the bill is paid off in full every month.
  • Limit your number of credit cards, including retail store cards. Typically, the length of credit history accounts for 15% of your credit score. Opening several new cards within a short period of time can hurt your score by lowering the average age of open accounts. Lenders worry about those who borrow more money than they can repay.

In order to detect fraud and fix potential errors that can affect your credit score, monitor your credit reports for free on a consistent basis by usingwww.annualcreditreport.com. Free reports through this site from Equifax, Experian and TransUnion show credit transactions, but not your actual credit score, which you can pay a fee to receive. For more helpful tips on managing credit, visit www.bbb.org.

DSEF and the Council of Better Business Bureaus (CBBB) foster honest and responsive relationships between businesses and consumers—instilling consumer confidence and advancing a trustworthy marketplace for all.

About the Better Business Bureaus
As the leader in advancing marketplace trust, Better Business Bureau is an unbiased non-profit organization that sets and upholds high standards for fair and honest business behavior. Every year, more than 87 million consumers rely on BBB Business Reviews® and BBB Wise Giving Reports® to help them find trustworthy businesses and charities across North America. Visit www.bbb.org/us for more information.

Three Ways to Close the Deal

Three Ways to Close the Deal

Low angle view of two business executives shaking handsSo you’ve gotten that sales meeting, prepared for each possible scenario, made friendly conversation, and have conveyed your ideas and pitch to the best of your ability. Your job is not finished yet, however, because you still need to close the deal. This, for the majority of people in sales, is the most difficult part of the business. The key to successfully closing a deal is to be proactive about why a person may say no and to eliminate his or her reasons for doing so. Here are three techniques to help you close more sales

  • Understand hesitation and address it by solving the problem. From your point of view, there is no reason to hesitate. You know what a great value you are providing and have no reason to doubt yourself. So put yourself in the other person’s shoes. If you can understand the reason why they may be hesitant, you can deal with it head on, and may be able to overcome the objection altogether by demonstrating how your product or service can solve a problem. For example, a hair stylist and colorist operates her own business doing her clients’ hair in the privacy of their own homes. She is offering new and current customers a package for purchase in which they can have monthly coloring touch-ups, all paid for in advance. While pitching this service, a prospective customer seems hesitant to pay for services that wouldn’t be rendered for months into the future. The stylist validates this concern, and also points out that because customers wait too long in between coloring treatments, the service takes longer and costs more. So by having monthly touch-ups, money would be saved in the long run and hair color would always be properly maintained. She winds up closing the deal because she did not dismiss the client’s concern, but rather confirmed it and then followed up with a solution to the problem.
  • Fine tune your market and focus on a niche. In an effort to cast a wide net and appeal to as many customers as possible, you could be missing out on success within a niche. The hair stylist mentioned above certainly provides services that likely appeal to a broad range of people, but because she makes house calls and provides a monthly touch-up service, she focuses mostly on working mothers over age 35. This population of women have several things in common that make the stylist a valuable asset to their lives: they’ve started coloring their hair to cover up grays, they need to maintain a professional appearance, their work schedule is too demanding to regularly visit the salon,and when they are not working, they need to be home to care for their children, so an in-home appointment is most convenient. Knowing her target market allows the stylist to put the most time, money, and energy into attracting clients in this population for increased success. Think about a niche that might be most interested in what you have to offer, and come up with ways to specifically appeal to the needs of this market.
  • Take the focus off business/sales and make it fun. More and more companies are looking to gamification to attract new clients. Consider simple ways to incorporate more fun into a sales pitch or other type of client meeting. For example, to educate potential clients about your product or service, consider a mini-trivia game in which your prospect guesses the correct answers for a small prize. Use whatever fits the situation and personalities of those involved, such as music, video, gaming, comedy, etc. A sales meeting should not be an unpleasant experience for either party, so by making it fun, you are increasing your chances of closing the deal. However, be sure to balance fun with the professionalism needed for the situation.

Closing the deal requires that you understand the needs of the customer, and then highlight how your products or services meet that need. Remember to always be honest, and let the strengths of what you have to offer and your enthusiasm shine through. When the customer understands how your product or service fits their situation, and trusts that you have their best interests at heart, you are more likely to close the deal.

What tips do you have for closing the deal? Please share them below!

Five Things You Should Do Every Week to Build Momentum

Five Things You Should Do Every Week to Build Momentum

cheerupYour business should be in constant motion, moving forward all the time. If this does not happen, your business becomes static and can eventually fizzle. In order to build momentum consistently, you can do a few simple things that maintain your progress and renew your motivation. Start with this list to continue moving your business forward.

  • Connect and follow up socially. Schedule some time during each week when you review your contacts. Connect with those you haven’t corresponded with lately, and follow up with those you may have been playing phone tag with. When appropriate, arrange a social visit with contacts such as a lunch meeting or play date with your children. Interacting with contacts in a way that isn’t always about business will help you stay in touch and will make it easier to reach out to them professionally when the opportunity arises.
  • Assess and reflect. Don’t let too much time go by in between assessments of your business. Consider taking a look at a different aspect of your business each week. For example, this week will be devoted to assessing the quality of your customer service, while next week’s focus will be your social media presence. Reflect on each element by considering what works and what doesn’t, or what could use improvement.
  • Make adjustments. Using your findings from these weekly assessments, make the necessary adjustments. If you find that your Facebook page has lots of activity, but your blog is getting very few hits because you don’t post often enough, adjust your writing and sharing schedule to fix the problem. There is no need to tackle too much at once; remember that these assessments and adjustments should happen on a weekly or even monthly basis.  If you don’t finish or get too overwhelmed, put it aside and continue the work next week.
  • Network with influencers and mentors, and partner with others. Reach out to the people who have helped make your business possible. Network with them by asking for referrals or initiating a mutually beneficial partnership. One boutique owner was strongly influenced to start up her business by an old college friend who runs a successful weight loss/nutrition center. A good idea would be for the two of them to hold a joint promotional event where current and prospective customers can find services to complement ones they are already using. These opportunities can’t happen without frequent networking.
  • Be sociable. Make it a point to socialize with others whenever the chance occurs. Be friendly, ask questions to learn about others, listen carefully, and show that you truly care. It’s easy to get so caught up in our own work environment that we don’t take the time to venture out socially often enough. Give yourself this time at least once a week.

By working these momentum building activities into your weekly schedule, you are maintaining a successful business and taking steps to move it forward. How do you build momentum for your business? Please share your ideas below!

To get your free copy of the eBook, click here: 15 Days to Greater Success. You can download it from our Facebook Page. And while you’re there, you can download our other free eBooks too: Business Owner’s Road Map to SuccessCreating Your Success Mindset, and Reflections on Success. They’re all designed to give you an edge in your business, and help you focus on the daily practices that lead to your goals.

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