Is it time to re-imagine your business?

Is it time to re-imagine your business?

Re-imagine is a word I’ve been using a lot lately. It’s a word I want people to embrace when they start to see that what they’re doing isn’t getting them the results they want.

Have they reached a ceiling for how much they can make given the amount of time they have available or the resources they have in place?

Or… given our recent events of a global pandemic, are they no longer able to serve their clients in the same way, either because clients are afraid to spend money or because they can no longer offer their services in-person?

These are two different ways that mean it’s time to re-imagine how business is being done in order to thrive and grow beyond the current situation.

The thing with re-imagining is that it can apply to so many different areas of a business.

Re-imagine what it means to be a business owner. 

Are you the kind of business owner who can make a million dollars? What if you imagined you were?

Are you the kind of business owner who can always provide value to your clients? What if you reminded yourself daily just how much value you bring to anyone who buys anything from you?

Re-imagine how you can serve your clients. 

Has it always felt like you had to be in-person to provide value? What if that wasn’t true?

Has anything that isn’t one-on-one felt like it couldn’t work? What if you COULD provide value in a group situation? What would that look like?

Is it time to figure out what CAN work?

Re-imagine what the end goal is. 

If you are stuck on the idea that what you’re selling always has to have the same outcome and that’s the only way you’ve done a good job, you might be cutting yourself off from new ways of making money. If you imagine that working with you is a 10 step process and your clients are starting at 0... is there NO value in them getting help to get to step three? If there IS value in them getting to step three, can you get them there without having to work with them the way you’re working with them now?

We’re trying to find entirely new ways of doing things in your business here so it’s important to remember when you’re re-imagining how you’re doing business that you’re not trying to take something and make it different while being exactly the same.

That might sound obvious when I state it that way, but that’s what I see people doing all the time. They think of their current service and they can’t fathom how to do it in a different way because they want it to be exactly the same (and exactly the same means nothing changes!).

Instead, you have to believe that you can provide value in a different way and what you’re providing is something people want, even if it’s not the deluxe VIP package. Here’s an example:

Jane is a health provider who works with clients not only one-on-one but HANDS on. How can she re-imagine her business?

If she believes that the only way to help a person is to have her hands on them, then she will never be able to move to a service that means she can help more than one person at a time or help people virtually.

But if she is willing to stop thinking about how she’s been doing things until now and tries to start over with ways that she can be helpful to people and provide value WITHOUT touching them, then she is re-imagining things.

  • She can help people at a distance via video conferencing by watching how they move and talking them through stretches and exercises to get their body moving better. This is not as good as seeing someone in person, but it is better than nothing when someone can’t get to see someone in person, and it’s faster and takes less time than going to a clinic and having to drive there.

  • She can teach people how to listen to their bodies and move their bodies

  • She can teach other professionals what she does that is effective so that they can do that as well. She can do this in-person or virtually, again remembering that in person might be more effective but distance means that people don’t have to travel from other cities or countries to also be able to benefit and that means more people could learn from her, which is better than them never getting to learn from her.

Here is another example:

Sara was teaching in-person fitness classes. People bought passes that got them access to a set number of classes. When she wanted to bring her classes online she struggled with pricing and how people would perceive the value.

But there were different considerations for online and so she had to look at it differently. She didn’t have to rent space for online, which meant her expenses were lower and she also didn’t have the same cap on number of attendees that could take part. 

So instead of charging based on number of classes, she was able to pick a price and offer them unlimited access to many classes as well as the recordings. She could give them a lot more without it being more work for her.

This was true for me as well! When I was first coaching I strongly believed that the only way that I could truly be of service was to personally know everyone and to have one on one sessions with them. 

While this is the fastest way for me to go deep and really support clients, it’s not the only way I can support small business owners. I can teach them via video and online courses. I can coach them in group coaching programs. I can train other people to coach the way that I coach and they can do the one on one work. 

If I stayed stuck believing that the only way I could help was for ME to do all the work in a one-on-one way that would mean I have a really low ceiling of how many business owners I could help. It also means that anyone who can’t invest $10,000+ with me is out of luck.

By flipping how I thought about all of this, by realizing that *I* am not so important that my business needs to have me doing everything all of the time, I was able to start seeing how I could grow and expand and be of service without limiting the growth potential of my business.

How can you re-imagine your business?

It Scared Me - A Story of Growth and Discomfort

Today I want to tell you a story.

15 year old me was afraid of her own shadow - the idea of public speaking terrified her. To be honest, 25 year old me felt that way too. And then I got a job that was really cool (events coordinator in the ByWard Market - a super vibrant part of my city) that came with the unfortunate requirement of having to promote events on TV. I was shoved WAY out of my comfort zone.

Every single time I had to go on TV, I felt like I was going to puke. Or pass out. Or just look terrible because I was dripping in sweat. Or all of those at the same time. I was going to look and sound terrible and then never be able to outlive the shame of it all! I refused to ever watch any of the TV spots after I’d done them.

Magically, however, being on TV started getting easier and easier until I noticed a couple of years ago, when I went on TV for something else, I had ZERO anxiety left about going on local TV to talk about stuff.

Since then, I have continued that pattern of panic, feeling like puking, doing it anyhow, feeling a bit more empowered on the other side, and I’ve come to recognize that not only can I handle it, but I now purposely create opportunities to go through things like this on a regular basis.

Last year, I signed up to take a stand-up comedy class.

Why? I think I’m funny and wanted to see if I could make people laugh if I did it on purpose. 😊

Every class I tried to come up with a valid reason to get out of going. Every time I worked on my jokes I was sure nobody would like them. On the day of the show, I was a MESS. I was SO angry at myself for having agreed to do something that was undoubtedly going to be embarrassing. I was dripping in sweat as I waited for my turn to go on stage and I remember talking to people but have no recollection of anything I said because I was in such a swirl of anxiety.

And then I performed. And people laughed. I kept my set short (four minutes compared to my colleagues who had the lights flashed after the 7-minute mark). I got off the stage and had a huge rush of adrenaline and excitement. People asked me when I would perform again, and I said “never, I’m done, but I am so glad I did this.” I still feel that way, though I now know I could do it again with so much less fear.

Moving beyond fear

The growth and expansion that comes from trying new things and being okay afterwards (even if I wasn’t good at them) has been instrumental in helping me grow my business to new levels and to normalize the feelings of discomfort that come with growth.

The next time you introduce a new product or increase your pricing and feel like throwing up or break out in a sweat - it’s not because it’s wrong, it’s because you’re travelling through the discomfort of growth. That means that seeking out discomfort like that from time to time means you’re on the right path (you also want to sit in comfortable some of the time too).

I had to push myself to rewatch the set from last year, terrified I would be embarrassed by myself. I think it’s still pretty okay so I am sharing it with you today. And I’d love for you to reply and let me know what you thought, and what you’ve done recently that scared you. I promise to read and reply to every one of you. 😊

https://vimeo.com/478516463/807adaa823

Will this help? A Summer Accountability Program

If you’re anything like me (and so many of the people in my audience are a lot like me!) there are many things that you find difficult to get done.

I’m easily distracted. I don’t respect my own deadlines. I get frustrated with myself regularly and then beat myself up for not being “better” at business.

Over the years (I’m almost 13 years in as a business owner!) I’ve learned a few “hacks.”

1) Get support

Seriously - instead of beating yourself up for needing support to get things done, be excited you figured out that support helps you get things done.

Things work really well for me in this regard. My assistant and being in programs where people expect me to show up and give them updates on what I am working on help me start and finish things.

2) Pay for it

I wish that it didn’t make sure a big difference, but when I pay for something then I am more committed to it. I know this is true for other people because the people who pay to do things that I’ve previously done for free get more results - there’s just a different level of internal commitment from people when they’ve paid to get value out of something (even if the value would have been the same for free).

Summer Accountability Program

So, I’ve created something that would work for me and that I know works for my current clients.

  • Eight accountability sessions over three months.

  • A full-day planning day in September to get ready for the final quarter of 2020.

  • A weekly email from me asking you how things are going and asking you to reflect on the week.

The price is low - $297 including tax (for the whole summer, not per month).

I hope you’ll join me. I’m going to be working on my new opt-in, on creating content and videos. What will you work on? Come join me and let me know - the first session in on Monday, July 6th from 1-3:30pm EDT.

What’s included:

Accountability Sessions:

July 6th from 1- 3:30 pm EDT
July 15th from 9 -11:30 am EDT
July 20th from 1-3:30 pm EDT
August 5th from 9-11:30 am EDT
August 10th from 1-3:30 pm EDT
August 24th from 1-3:30 pm EDT
September 9th from 9-11:30 am EDT
September 28th from 1-3:30 pm EDT

A Planning Day on September 18th from 10 am - 4 pm EDT.

Weekly Check-In Emails: You will receive an email every Friday from me asking how the week went and send Lara an update on how you've been doing and what you've been accomplishing.

Cost: $297 CDN

Sign up now! :)

Stop Trying To Do It All

If you’re responsible for everything in your business and you’re the only one who can handle tasks, you’re creating a low ceiling on how much your business can grow.

Stop Doing it All.png

Do you what you’re great at

You’re not amazing at everything, but you’re amazing at many things. What are you REALLY good at? What is your zone of excellence? (Have you read The Big Leap by Gay Hendricks?)

Focus on that work.

You’ll enjoy it the most and it will make you the most money.

(Truth: you can’t outsource everything you don’t like, but plan to work towards that instead of thinking the more you do yourself, the better.)

Create systems so others can do things the way you would

When you outline how you want things to run in your business you’re creating a business that is:

  • Consistent

  • A business others can help you with

  • Scalable

There’s only so much of you to go around. Start figuring out how you do things and get it documented (Clockwork by Michael Michalowicz has some great tips on how to create these systems) so that you can guide others to do it the way you do.

(Truth: You don’t need to write down EVERYTHING that you do and the first time you create the system might not actually be the best version of that system. Start with some of the things you do most often in your business and document the process as you’re doing it.)

Delegate the stuff other people are better at

I know other people are better and faster at getting regular content scheduled, emails sent, contracts updates, and sales pages and automations built. It’s not only a much better use of my time to do the things I’m good at, but when I try to take some of that stuff on myself I occasionally make things worse instead of better anyways! Instead, I can focus on writing, recording videos, networking, having sales calls, and supporting my clients.

By delegating I have more time to make more money and support more people instead of being distracted on the stuff that isn’t my genius work (even though I am perfectly capable of doing it!) And a bonus - I’m supporting someone else’s business/career at the same time!

(Truth: People won’t necessarily get it right the first time they try to do what you do. Don’t have that expectation and know that your job is to mentor them and guide them so that they CAN start to do it the way you would. It is worth the effort.)

How do you take action on this?

Keep a running list of what you’re doing on a day-to-day basis and rate the work.

  • What do you love?

  • What do you wish you didn’t have to do?

  • What do you procrastinate to avoid?

  • What do you do that you KNOW someone else should be doing but you’d rather save the money of paying someone else to do it and just do it yourself?

The things you’ll keep doing are the things that help bring in more money, run the business, and manage the team.

The things you’ll delegate are the things that you know other people are better at and that you know isn’t reliant on YOUR brain and skillset.

Start thinking about how big your company can grow if you’re not responsible for everything.

This is one of the ways you can stop feeling trapped in a world where the only way you can more more money is to work harder and longer. That doesn’t have to be the case.

Start believing that the less you are personally responsible for, the more your business can grow and the bigger the impact you can have on the world!

The Biz Podcast Season Two 2019 Recap

I am so glad I brought back The Biz Podcast this year. I’m even happier that I decided to focus on the theme of rules and beliefs - two things that affect entrepreneurs more than most realize. I talk to business owners every day and every day we uncover beliefs that are holding us all back in business.

Here’s a recap of the episodes so far in 2019 as I rebooted my podcast. We uncovered beliefs that I think all business owners need to look at, but even more than that, I loved having this authentic and genuine conversations where business women shared their stories and how they’ve overcome belief blocks and what that has meant for their businesses!

Rules & Beliefs

I started the season in Episode Two discussing how we are taught to be happy with what we have and that there is a fear of looking greedy if we strive for more. The messages that we hear tell us we should be happier with less, we should declutter, we should be moving into tiny homes even! That means we start feeling guilty about wanting more. Episode Two broke down those beliefs and encourages business owners to always strive for more.

In Episode Three, Core Belief Engineer, Megan O’Neill joined me to define rules and beliefs, how to recognize them, and how to change them. We also discussed outdated beliefs, where those beliefs come from and how to question rules. If you have ever been confused about what rules and beliefs are and how they may be holding you back, Episode Three is a must-listen.

Who will give you permission?

Episode Four with the creator of World-Changing Kids, Lindsey Barr and I dug into the belief that many women have that they need to be given permission to do things. We dug into what felt like she needed permission meant for Lindsey as an entrepreneur, and why talking about permission is so important. If you’re waiting to take the next big step in your business, then you need to listen to this episode.

Permission is a tricky belief that can stop business owners from really growing. In Episode Five, Michelle Weger of Venture Creative Collective, joined me to discuss a similar belief I hear often: that it's hard to think of yourself as a business owner, that's supposed to be working hard and making money if you also have a chronic health concern, illness or disorder. When it comes to your life and your business, do you fall into the belief that you can’t be successful or are you going to allow yourself to have the success you deserve?

Doing “The Right Things” in your business

Just as giving yourself permission to succeed and grow your business is a belief many of us need to change, there is also a belief among many business owners that things have to be done “the right way.” In Episode Six, Stephanie Rainey, owner of The Swimologist, joined me to discuss this topic and why this is a haunting belief and how it can hold business owners back. We discussed how not knowing something can stop business owners from growing or doing something and how when something is really hard in your business that it’s important to talk to people and to keep learning… and that’s okay to make mistakes along the way!

There is no right time to start something in your business and waiting until you know all there is to know means you will never start! In Episode 11 with Susan Diaz, founder and CEO of c+p digital, we discussed the idea that sometimes we get stuck because we believe something is just not going to work. And how, because you’re stuck on that thought, you won’t be able to move past it. We discuss how to talk yourself out of that belief and get things done in your business!

Sales

Another thing many people find really hard is sales. In Episode Seven, expert sales coach, Laura Wright, joined me to share how business owners can overcome their fear of sales so they can find success in their businesses. If you’re looking to get more comfortable with sales and let’s face it, selling is vital to being a successful business owner, then Episode Seven is a must listen!

Money

Sales and money go hand-in-hand - you can’t have one without the other! Yet many business owners do not have control over their money! In Episode 15, financial literacy coach and credit counsellor, Pamela George, joined me to discuss money mistakes, how to improve your relationship with money, and why it’s important to never ignore debt and why it’s important to empower and educate yourself on all things money! People tend to try to bury their heads in the sand and pretend money problems aren't happening. Meanwhile, it gets worse and worse. Money doesn’t have to be hard!

In Episode Eight, Sara Yamtich, CEO of Resonate with Sara, talk about a belief that stops many mission-driven business owners from making more money. That belief is: if you’re doing good in the world then you shouldn’t want to make money from that. But, as Sara says in this episode, this belief does not serve us or our abilities when it comes to making an impact on the world. If you have a mission-driven business, it’s okay to make money!

As you may be able to tell by now, one big takeaway so far this season is that making money can feel great! Erin Marshall, owner of a digital marketing agency, confirmed this and shares her journey into realizing this in Episode 16.

In Episode 14, Amanda Jetté Knox, writer, speaker and LGBTQ advocate, shares how she is now making money doing work she loves! Amanda does a lot of advocacy work, a lot of writing, and she and I have had many conversations over the years about what you can do or how what you do works in terms of making money. For a long time, Amanda did not think she could make money doing what she is doing, but by believing herself, surrounding herself with supportive people, and through hard work and determination, Amanda’s advocacy work and writing are paying the bills. It’s an amazing success story that you will want to listen to again and again!

Vulnerability

One thing Amanda’s learned through her work is that to connect with her audience, she needed to be her authentic self and be vulnerable. Many people fear being their real selves! One of the beliefs people have around being vulnerable is the idea that they think they’re supposed to be a certain way, they're supposed to be strong or perfect. And because of this, we’re all trying to live up to this perfection all the time and that can hold us back from actually connecting with our people. Master storyteller, Marsha Shandur from Yes Yes Marsha, joined me in Episode 12 to discuss the art of storytelling and how it can help business owners connect with their audience - a key skill to making sales!

Self-Care

In Episode Nine, Marie Shinmoto, a physiotherapist and the owner of M.A.P. Physiotherapy, joined me to talk about a belief I know a lot of people struggle with, including myself. The belief is that “real” people work at least five days a week and that if you're not working a lot, you're lazy. One thing Marie has learned most since owning her business is to put her own oxygen mask on first. She realized that if she burns out and can’t work that she certainly can't help her clients, let alone help her family. If you struggle to take time for yourself, then you need to take the time to listen to this episode.

Healer consultant, Jessica Keats, used to struggle with taking time for herself, but in Episode 13 she shares how putting herself first opened her up to new opportunities. When we talk about putting ourselves first, listening to what we need, what we want or what we desire, many of us immediately jump to either feel like we're going to neglect everybody or that it's going to be seen as selfish. Jessica shares how we can set boundaries and work toward carving out more time for ourselves AND be kickass business women - without the guilt!

FOMO

Many people fear taking time for themselves because they fear they will miss out on something important in their business. Do you ever feel the need to keep track of what everyone around you is doing and make sure you are doing what they are doing? Do you ever suffer from fear of missing out (FOMO)?  Rebecca Stanisic, a seasoned blogger at Bit of Momsense, joined me in Episode Ten to talk about how business owners can stop trying to keep up with “The Joneses” and focus on what makes them happy and what their definition of success is.

Are there any topics you’d love to see covered on the podcast in 2020? I want to hear!

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Podcast editing done by Eric Wellman