All posts tagged time management

Here’s What to Do if You Don’t Have a Business Plan

Here’s What to Do if You Don’t Have a Business Plan

businessgrowWhether you are just starting a small business or you are looking to reinvent your existing one, creating a business plan is the first step toward setting goals and generating your action plan. Creating a business plan can be overwhelming, but the good news is that you don’t actually need one to really get going. If you don’t know where to begin but want to take action, start with the following three tasks. These will help you define your ideas and make your business dreams a reality.

  • Have a vision and goal in mind. What do you ideally want your business to be? What will the experience be like for you? How about the customer? Answering such questions helps form a vision for your business, which in turn will allow you to set specific goals to fit that vision. Even if you can’t work out the specifics right now, having a vision and goal in mind will give you a focus point and motivation to continue. It will also help to be able to describe this vision for others you want involved in your business. So take some quiet time and figure out what you want this business to be so you can work toward making it a reality.
  • Focus on people by networking and building a good team. Don’t forget that above all else, a successful business is built by hard-working, intelligent, and creative people. Start to surround yourself with good people through networking. When interacting with others, don’t hesitate to ask questions about their own experiences launching a business. You will not only gather ideas for yourself, but you will begin to build professional relationships that will prove essential to your success. Work toward gathering a team of people who share your goals and ambitions. Collaborating with others is a highly effective way to achieve your objectives.
  • Build momentum, but don’t focus on perfection. Don’t get caught up in making sure everything is done perfectly, at least not right away. Initiating momentum in achieving your goals is more important at this stage of the game. This is the time to form good work habits like setting a consistent schedule for yourself, creating daily agendas and following them consistently, and reaching out to others for ideas and assistance. The best way to learn how to do something is to actually do it, so jump right in and get to work. Have the confidence that you’ll figure out the details along the way.

The specifics of a business plan such as tasks, deadlines, and finances are certainly an important first step for any startup. However, by creating a vision, focusing on people, and building momentum, you can be well on your way to launching your business before you delve into the details of an official business plan. Do you have other ideas to add to our list? Please share them in the comments section below!

3 Sure Ways to Stay Laser Focused

3 Sure Ways to Stay Laser Focused

beprepareBecause you are your own boss, you can usually establish your own work schedule and daily agenda. As wonderful as this can be, it can also be challenging to resist all the distractions that come your way. These distractions can stem from your personal life, the abundance of convenient technology available at your fingertips (checked your Facebook and Twitter feeds lately?), or even the feeling of being overwhelmed with how much you need to accomplish. In order to keep these distractions to a minimum, follow these tips for staying as focused as you possibly can.

  1. Establish clear and concrete goals or benchmarks. Yes, this means putting them in writing. Keep a file on your computer listing your goals along with realistic deadlines. This list can be short term (daily, weekly) or long term (monthly, yearly). Find a system that works best for you to not only make the most of the hours in a day, but also to reach your overall professional objectives. For instance, a music teacher who gives private lessons from his home studio wants to expand his business by acquiring five new clients each month for the next six months. His list of goals includes seeking referrals from existing students and giving free weekly workshops at the town’s youth center. By referring to these goals regularly, he will be on his way to achieving it in his desired time frame.
  2. Track your results and continually make adjustments to reach your target. When you do become focused, it is important to stop and evaluate your progress every so often. If you fail to do this, it’s possible you may not be using your time as efficiently as possible. The music teacher trying to acquire new clients finds that seeking referrals has been more successful in helping him find new students than his workshops have.  So he decides to cut down his workshops to once a month instead of once a week, and invest more time in following up with his referrals. Tracking your results will allow you to make the most out of your time and increase your chances of reaching your goals.
  3. Have someone hold you accountable. Even the most disciplined person can give in to distractions and lose focus. To prevent this from happening, reach out to a trusted family member, friend or colleague to hold you accountable. Find a creative way to do this that will help your cause. For example, while training for her first 5K race, a novice runner decided to post each of her morning runs to her best friend’s Facebook timeline. If she was ever late in posting or didn’t run at all, her friend sent her a motivating message via Facebook and text. This simple task kept her focused and motivated to continue because she knew someone else was expecting something from her. Increase your chances of success by holding yourself accountable.

These tips for staying laser focused can be customized to fit any of your professional and even personal goals. Establish clear objectives, track your results and make adjustments, and find someone to hold you accountable. What else would you add to our list? Please share your ideas below!

Four Paths to Success

Four Paths to Success

MP900409133-300x199There is no single path to success. Different people may make different decisions, but end with similar results. There are, however, some paths that provide a greater possibility of success than others. Here are some of these paths, along with actions you can take to follow them.

  • Build in certainty to your actions. You shouldn’t just blindly be going about your business, completing tasks and projects each day, without knowing what will happen as a result. It is comforting to know that certain actions have specific outcomes. For example, paying your bills on time will result in building and maintaining a good credit score. Use this approach in all aspects of your business when possible. What actions can you take that will have results you can count on? 
  • Take calculated risks that will have a greater chance of positive results. Risk-taking is a necessary part of growing your business. Be smart about those risks by researching possible outcomes, preparing for a negative outcome, and analyzing the results once the action is completed. Let’s say you have some extra money coming in that you’d like to reinvest back into the business for marketing purposes. Investigate different marketing methods, such as how much they cost, how well they might reach your target audience, and how effective they have been either for you in the past or for others in your field. A risk doesn’t have to be dangerous if you do your homework. 
  • Take action to follow a great idea only if others think it’s a great idea as well.  You may come up with what you feel is a brilliant idea. This feeling is unique in that it sometimes can cloud our judgment, causing us to act too quickly. Make sure that before you act on an idea, run it by several people who are knowledgeable in your field and/or in business in general. It is becoming more and more common for entrepreneurs to crowdsource before taking action in their businesses. Use your network to your advantage of their collective experiences before acting on an idea. 
  • Find something that is difficult or undesirable to do, and master it.  There is bound to be some aspect of your business or some related niche that most others won’t take on for themselves because it is too difficult. Make yourself an expert in these types of tasks, and you will be able to edge out your competitors. While scoping out the competition, one local restaurant owner noticed that most other restaurants had very limited menus for people with dietary restrictions. In response to this trend, the restaurant owner decided to learn as much as he could about dietary restrictions and trained his staff to transform his business into one that specializes in alternative dietary choices. By making himself an expert in something that was too difficult for his competitors to deal with, he was able to make his restaurant one of the most popular spots in town. 

Each of these paths requires a good deal of preparation. Find one that you can tackle right away for your business. Which path on our list will you take? Please share your ideas below!

A Fantastic List of Resources to Grow Your Business

A Fantastic List of Resources to Grow Your Business

Are you looking for ways to grow your business? Increase your sales? Manage your time better? Here at DSEF, we’ve been providing content for years on these topics and many others, to help you build a more profitable and rewarding business.

So today, we decided to reach back into the archives and compile some of our posts by topic, to help you find the content that will help you with what you’re working on right now. Take some time to explore the posts below, and share them with your friends and colleagues. We wish you much success!

Grow Your Business from http://dsef.orgMarketing Your Business Online

Establishing Your Online Presence

4 Tips for Effective Online Marketing

Tips for Running an Effective Contest Online

5 Tips to Attract More People to Your Facebook Page

12 Tips for Successful Online Virtual Events

4 Ways Photos Can Help You Grow Your Business

Making Facebook Work for Your Business

Using Instagram for Your Small Business

 

Grow your Business from http://dsef.orgBusiness Growth

Free eBook: 15 Days to Greater Success

3 Things You Must Do Now to Grow Your Business

Reaching Your Target Market in Different Generations

6 Ways to Get in Front of More Customers this Holiday Season

7 Ways to Get More Customers

Planning for a Bigger Business: The 3:3:3 Approach

Free eBook: The Power of the Success Mindset

 

Tips for Business Growth from http://dsef.orgIncreasing Sales

5 Ways to Get More Sales From Existing Customers

3 Ways to Increase Your Average Customer Order

4 Ways to Master Your Sales Pitch

4 No-Cost Ways to Increase Sales

 

Leadership

8 Ways to Be a Great Leader

What Your Team Needs

Leadership that Motivates

 

Time Management

Why You Procrastinate

Balance Without Sacrificing Business (How to Make your Business More Efficient)

How To Manage Your Time on Social Media

 

Grow Your Business from http://dsef.orgBusiness Finances

Creating a Budget for Your Small Business

10 Tips for Reducing Financial Stress

Tips for Taking Control of Your Business Finances

 

Which post has helped you the most with your business? Please share with us in the comments!

5 Ways to Jump Start Your Business

5 Ways to Jump Start Your Business

MP900289918[1]Have you felt like your business has slowed down a bit over the summer? If so, now is the time to turn that around. The holiday sales season is coming, and what you do now can help make your holiday season as productive as possible. Here are some tips.

  1. Make sure your goals are written down, and that you plan specific, daily activities to reach those goals. Having a list of things you need to accomplish each day will help you move in a positive direction. Do whatever is necessary to keep moving forward towards your goals.
  2. Stay flexible! While it’s important to have goals and planned activities, you also need to stay alert to opportunities that come. Perhaps you are offered a networking opportunity, or a chance to team up with another business to cross-promote. Be flexible and take advantage of the opportunities that come your way.
  3. Realize that your business is a building process, and you may not have all the momentum you want immediately. That’s OK. The work you do today will bring tomorrow’s opportunities. Take it one step at a time, and be sure to manage your risk so that the steps that you take benefit your business.
  4. Get rid of the excuses. Do you want excuses, or do you want a prosperous business? Presuming the latter, get to work and develop a “no excuses” mentality. You have a list each day…keep working until it’s done. this is what will help you build the momentum you need for a productive selling season.
  5. Focus. The most successful entrepreneurs are those that stay focused on what they want to achieve. So be laser focused and unwavering. Don’t let circumstances keep you from what you want to achieve. For example, if you want to schedule 8 sales events in a month, keep making phone calls and marketing until you have them on the calendar. Persistence is what builds momentum. Don’t give up!

By making a plan and sticking with it, you will build the kind of business that you want. So stay focused on your goals, and get it done. You will either find a way to achieve what you want or you will find an excuse. Be the kind of business owner that gets it done.

What will you do today to jump start your business? Please share with us in the comments.

Maximizing Working Styles For Success

Maximizing Working Styles For Success

MP900289525[1]When you’re in a business that requires you to work with others, it’s important to understand their working styles, as well as your own. People have different approaches to work and motivation, and when you can understand these styles, you can create an environment that nurtures success.

Which of these working styles describe you, and those you work with?

  • The Doer: These are the “aim and shoot” type people. They get to work right away on the task at hand, but sometimes forget to plan. This type of person may need to team up with someone who is a planner, and who can provide the strategic tasks to the doer that will be most successful. The doer also often needs immediate feedback and positive reinforcement, so having someone who can acknowledge the doer’s effort can be helpful.
  • The Leader: The leader is someone who loves to create the vision and inspire others to follow in a certain direction. Sometimes, however, the leader can forget the followers’ perspective, so it’s important for the leader to have someone they trust and listen to who can provide feedback on how the leader’s direction is resonating with others. At the same time, the leader thrives in an environment when he or she can think outside of the box, and explore new journeys, so it’s important for the leader to have people that support the vision.
  • The Lover: The lover is the relationship person. They love to connect with others, understand where they are coming from and be supportive. Sometimes, however, the lover spends so much time on relationships that they neglect to move forward. They can lose their way a bit in the challenges of others. Therefore, this person needs to be connected with those who are passionate about moving forward and doing the work.
  • The Researcher: This working style loves to study and understand the situation, but needs help creating the plan and following through. The researcher can be exceptionally valuable to the leader, since he or she can provide important information that helps the leader set the course for the team. Researchers often do best when they receive positive reinforcement for their contributions to the team, and can be encouraged to move forward by showing them how their research can be applied towards the goal.

When building your team, it’s important to understand that everyone has unique working styles. Successful leaders leverage the strengths of each style and team styles appropriately in order to help the entire team achieve success.

What working style are you? How do you work with other styles? Would love to read your thoughts in the comments below!

Rethinking Networking

Rethinking Networking

Business Colleagues Working TogetherAn important part of building a business is networking. Defined by Dictionary.com as “a supportive system of sharing information and services among individuals and groups having a common interest,” networking is a necessary activity for any business built on meeting new people and acquiring new customers. And while you can certainly network anywhere, having a strategic approach to your networking can help you maximize networking experiences and grow your business even more quickly. Here are some tips:

  1. Develop a profile of the kind of person that needs what you have to offer. Instead of trying to meet as many people as you can, pinpoint who you want to meet. Write down their needs, their desires, other interests they may have, and the kinds of social events that interest them. Then you’ll know your best options for networking places, and topics of conversation that will interest the kinds of people you’re looking for. You’ll also be better able to identify a solid prospect early in the conversation, ensuring that the time you spend networking is likely to lead to results.
  2. Start by giving. While it may be tempting to enter networking situations with the sole purpose of finding prospects for your business, be sure you are also focused on how you can help others. Networking works best when you make connections, share resources and demonstrate that you’re committed to the entire group, not just yourself. For example, a real estate agent came to a chamber of commerce networking event to find new clients. However she first listened to what others at the event had to offer, and introduced some other business associates that she knew who had a need for what others sold. By making connections that benefited others first, people in the group were more willing to introduce friends to her that were looking for new homes, which ultimately helped her build her business.
  3. Network in new places. It can be tempting to just stick with the same networking group for all of your networking. After all, you develop a comfort level with a certain group of people and don’t have to stretch so much after everyone knows you. But this isn’t what leads to the greatest growth. While it is important to develop strong, ongoing relationships with people, be sure you are also committed to consistently finding new groups of people, helping them while also gaining new contacts to grow your business.
  4. Connect online after the initial contact. You’ve likely had the experience where you meet someone, connect online, and then don’t see them again for a year or so. However, you feel more connected when you see them again because you’ve seen each other’s photos, commented on life events and generally feel more connected than with people you don’t talk to for a year. So be sure to connect with good prospects online after the initial event, and comment both professionally and personally to keep the connection going. You never know when it may lead to a new customer or prospect for your business.
  5. Host your own gatherings. In addition to seeking out networking opportunities that others provide, be sure to spend some time creating your own networking opportunities as well. The organizer role helps you to connect more deeply with participants and ensures that you will meet every single person at the event. And it also positions you as someone who is a connector and gives back, which increases your stature and the stature of your business in the community.

While networking will never replace your core business activities, it is an important task to engage in regularly to grow and expand your business connections. Try to schedule a networking event at least once per month to give yourself the contacts you need to grow.

Do you network for your business? What tips would you give to someone just getting started? Would love to read your thoughts in the comments below!

 

Free eBook: 15 Days to Greater Success

Free eBook: 15 Days to Greater Success

What are your goals? Do you have a plan to put your goals into action?

Having a plan is very important when working towards your goals, but you need something else as well: momentum. While you may be able to get started, when there’s hard work to be done in reaching for what you want, your ability to build the momentum that keeps you moving forward is just as important as your plan.

15 days to greater success coverThat’s why we’re excited to share with you this free eBook we’ve developed called 15 Days to Greater Success. It helps you take your goals and break them down into 15-day journeys designed to help you build the momentum you need to succeed. For some goals, 15 days may be all you need. For larger goals, you can break them down into 15-day segments that lead you along the path to success. By following the plan laid out in this book, you’ll be well on your way to reaching your goals and enjoying the success you’re working for.

And best of all? It’s our FREE gift to you!

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 Success, Creating 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.

Please share this link with the business owners you know: http://on.fb.me/VHcVB3

How to build the momentum to reach your goals? Would love to read your thoughts in the comments below.

6 Ways to Work Better From Home

6 Ways to Work Better From Home

MP900316861[1]Home-based business owners have many advantages. Often the schedule is more flexible, you don’t have to face a daily commute, and you can be available for your family during the work day when necessary. But it’s still work, and your success often depends greatly on your ability to focus and remain disciplined. Here are some tips for working better from home.

  1. Dress for work. Although we often get the idea that working from home means working in your pajamas, don’t fall into that trap! Dress for work each day to help yourself make the mental shift that you’re going to work.
  2. Connect with others. It can be easy to become isolated when you’re working from home, which can make you less effective. Make time to connect with others regularly, either on the phone or by making time to get coffee. Connecting with others will help you stay sharp, grow your business, and prevent you from getting wrapped up inside your own head.
  3. Separate your work and personal to-do lists. If you were working in an office, you would very likely only have work-related tasks on your to-do list. Your personal to-dos would be kept separate. Do the same thing when working from home, and keep yourself focused on work during the time you have set aside for your business.
  4. Make a schedule. Even though your schedule may be more flexible, it’s still important to give yourself a regular work schedule, and a routine that you can get used to. This will keep you on task. You may want to schedule administrative work and other tasks at the same time the rest of the working world is working. This will also help those around you understand that you are at work, and give you more time for others when they are home from work. Lay out on your calendar when you will accomplish certain tasks related to your business, and hold yourself accountable.
  5. Communicate your schedule. If your family is home during the day while you’re working, it’s essential that they understand when you are at work. Post your work schedule so that your family understands when you are working, and doesn’t interrupt you. Close the door to your office, and put up a “work in progress” sign. If you have young children, you may want to provide a special set of toys that they may only play with when you are at work, and schedule some time after work for your kids to enjoy with you as a reward for not interrupting.
  6. Assess daily and weekly progress. At the end of each day and week, take a look at what you have accomplished on your to-do lists, and identify the places you got off track. Are there places you became distracted, or did your family need time you had set aside for work? Make adjustments regularly based on these results, so that you can be sure that the time you set aside for work is as efficient and realistic as possible.

With focus and discipline, working from home can be a real advantage. However it’s not always easy to avoid distractions and get the job done. Identify the distractions and keep making adjustments to keep yourself on course, and you’ll do a better job working from home, leading to a successful business.

What tips do you have for working better from home? Would love to read your thoughts in the comments below!

 

5 Powerful Ways To Combat Procrastination

5 Powerful Ways To Combat Procrastination

Five Powerful Ways to Combat Procrastination from http://dsef.orgSometimes when a task seems challenging or just a lot of work, it can be tempting to put it off and procrastinate. Even though you know that the task is something you should do, you find reasons and excuses to put it off, or you just never seem to get to it. But procrastination can hold you back from meeting your goals, so it’s important to work through this and get things done. Here are five powerful ways to combat procrastination so you can continue on the path towards your goals.

  1. Write it down. Having a written list is a powerful reminder that there are things you must do to accomplish your goals. If you find yourself putting off important tasks, make a list of what must be done and keep it in front of you as you work through your day.
  2. Do it first. In the morning, we have more energy for tasks that seem like a lot of work. So prioritize your list of things you must do, and make the difficult task number 1 on your list. If you know you must complete something in order to get to a more enjoyable task, you’re more likely to get it done.
  3. Ask for help. If you are finding that you simply cannot motivate yourself to get a particular task done, reach out to a spouse, family member, or good friend and ask them to hold you accountable, or even to help you complete the task. When you know that someone is going to ask you about something, you are more likely to get it done.
  4. Be creative. Perhaps the reason you don’t feel like completing a particular task is because it isn’t interesting to you. Why not look at the task and think about a different way to do it. Be creative! For example, if organizing your desk sounds like a drag, why not get your kids involved in helping you create a filing system? Give them prizes for the most decorative file box or prettiest space. Or if you are putting off those calls you know you really must make, why not change your location by going to your local coffee shop or park, and rewarding yourself after making a few calls with a treat? Find creative ways to make the task more enjoyable, and you’re more likely to get it done.
  5. Give yourself a deadline. Sometimes it’s easier to complete a task when you know you have a deadline. So schedule something (a conference call with a colleague, a more enjoyable task that you will do with others, etc.) that can only happen once the task at hand is complete. Especially when others are involved, you are more likely to complete the task to avoid disappointing others.

Wanting to procrastinate is natural sometimes, but be firm with yourself and get help when needed to keep yourself on track towards reaching your goals. Those that keep themselves going are the ones who succeed. You can do it!

How do you avoid procrastination? What are some tips you would offer? Would love to read your suggestions in the comments below!