business planning

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?

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! :)

How to plan for business success

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What do you need to plan for business success? Is it with a notebook and pen? An online course? A business coach? Recently, while getting ready for one of my workshops, I started thinking about everything needed to plan for business success. Here is what I came up with:

  1. Know where you want to go

    Without a bit of a roadmap it can be easy to get distracted, start a million different things, and consequently not follow through and finish any of them. Instead, you will feel frustrated that things aren't moving forward. A plan really helps, and trust me, as a person who isn't big on planning, it took me a lot to come around to that.

  2. Stop thinking you need to know it all

    You want to have a plan, but you don't have to plan everything forever. You can start with the next month if that's easiest! You can plan to keep things flexible enough to keep them interesting. You can make money without doing ALL THE THINGS you've heard will make more money. This is especially important for you over-planners out there. Some people keep jumping in with no idea what they're doing and others never jump in because they still aren't "ready." You don't need to have everything figured out to start moving forward.

  3. Know how much money you want to make

    You may not be able to make it from the start but you need to know what kind of money is going to make sure you feel good about running this business. And also understand that running a business means YOU have to save for taxes and you have expenses that people who work for others don't. If you want to make $5000 you need to earn more than $5000 so make sure you know your numbers.

    Knowing these numbers will help you figure out what you're going to sell and how you're going to sell it too. They all tie together!

  4. Do more of the things that feel good and that work well

    So many of us fight the stuff that's easy. So many of us feel guilty making money doing things that we enjoy, because "work is supposed to be hard." That is not true and I'll keep reminding you of that until I'm blue in the face.

    You're going to do the stuff you love with more heart. You're not going to procrastinate as much if you're selling things you love to do instead of things you know you can do but really wish you didn't have to do. Look for the things that light you up and look for the things that flow to you with ease and do more of those.

Take some time and think about how all of these play into your business. If you want ideas on how I can support you with any of them, let’s chat! I have a bunch of things coming up this summer that might be JUST the right fit.

What self-care looks like for me

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This past weekend I ran away from home.

After months of pushing really hard in my business and personal life, I was hitting a massive wall.

It was hard to admit at first, after all - I just home from a week in Punta Cana with my family, and the weekend before that trip I was at an art retreat.

But as most parents know, a vacation with three children is not "relaxing."

I put a lot of pressure on that trip to help me unwind and relax. I should have known better, I've been on trips like that before. While the kids are now old enough to not require me to be ON the entire time, we still had to coordinate a lot of people to do a lot of things, and they're still kids with a lot of energy and a lot of feelings.

I was so tired on that trip that between activities I didn't even have the energy to read a book, and I came home even more tired than when I left.

Meeting these pirates was a super fun highlight of our trip to the Dominican Republic!

Meeting these pirates was a super fun highlight of our trip to the Dominican Republic!

As an introvert, transitioning to homeschooling my son has meant that I don't have much alone time - and I had been alone for most of the week for the previous six years so this has been a big shift and change for me.

I felt tired ALL the time. I didn't feel like I was thinking clearly any more. I was not working well as a mom or as a business owner.

I was nearing burnout - but it was really hard to admit that when I felt like so many things were going so right. Can you burnout doing things you love? Have you heard people say, “do what you love and it never feels like work.” It’s not true. You can love what you do and still get really tired and burn out from it if you’re not careful.

So, I left Friday afternoon and headed up to the family cottage (which I'm grateful to have access to when needed, but happily would have rented one or an Airbnb for the weekend) and just stopped.

What self-care looks like for me

I took a three-hour nap that went right through dinner time.

I read a book.

I watched Netflix.

I slept whenever I felt tired.

I had meals whenever I felt like it - 11 am, 3 pm, 9 pm.

I ate what I felt like eating whenever I felt like it.

I painted.

I stared out the window at the trees and the water.

I didn't intend to work but I didn't intend to NOT work.

The more I sank into nothing, the more my brain woke up. New ideas popped into my head. I felt excited about things I haven't felt excited about in a while. I had the bandwidth to contemplate next steps instead of feeling required to do it.

What does self-care look like for you?

We don't all need the same things to take care of ourselves, but we all need to make sure that we stop and think about what works and what doesn't, and we need to make sure we’re not getting too caught up in how we think we SHOULD be feeling and operating.

I work better and smarter when I have more time by myself doing nothing. It's not being lazy or self-indulgent, it's being productive and poised to take on the world.

Moving forward I will guard time for myself even more. I blocked off time in my calendar years ago for quiet and down time but over the last couple of years I filled ALL of that time with parenting stuff and/or appointments for myself to work on my health. Important, but not actually the down and quiet rest time I need. So I'm re-jigging my schedule again, this time to accommodate for parenting time, health time, and ME time.

If I want to be productive and effective in my work, this is mandatory; even though it feels counterintuitive to work less to make more money. We've been taught that the only way to make more money and achieve more success is to work HARDER. As someone who has never worked effectively on a traditional timeline, I need to keep reminding myself that doesn’t work for me.

When's the last time you did something to help yourself this way?

The power of believing in YOUR way

Your unique balance

What makes one person feel safe, secure, comfortable and confident can be vastly different from what makes another person feel that way. Recently, I was thinking about one way I do things differently than most people I know: when I go on road trips, I hate to pre-book my hotels.

This makes many of my friends and family SO uncomfortable!

“Doesn’t it stress you out to not know where you’re going and what the plan is to get there?”

Nope! I get stressed out feeling locked into things! How am I going to know when I want to stop? My friends get personally stressed out for me when I tell them I don’t book a hotel, unable to separate how they would feel in my situation.

“What if you can’t find a hotel?”

I always find a hotel, maybe not at the first place I stop, but it always works out (and I always feel confident it will while we’re figuring it out). And my measure for “works out” is probably quite different than it is for other people because the thing I’m LOOKING for is not “safety” or “security” or “comfort in knowing” it’s “freedom to change my mind and be spontaneous.”

You may not like to road trip my way, but that doesn’t mean my way isn’t great because I’m getting what I’m looking to get out of the experience! I always believe it is going to work out and it always does. 🙂

This same idea applies to the different ways people run their businesses.

Some people like everything very structured and planned out and some like to fly by the seat of their pants (I fall into the second category).

There is great merit in having a well-structured and predictable business model (and the need for this gets more and more important the bigger you grow) but there is also great merit in having a business that is built to suit the things that are important to you (I need to have room in my business to create new things regularly. If I booked up all my time on the same things in a repeated manner for a year in advance, I would feel claustrophobic in my business).

Now, I’m not saying it’s a good idea to never have a plan, but it’s okay if you’re someone who likes to keep things feeling fresh and different on a regular basis.

You can run your business that way too, you just need to to know where and how to keep the freedom, spontaneity and creativity alive for yourself, while keeping the infrastructure of your business sound (you don’t need to book the hotel but you DO need to know you have money to pay for a hotel and a well-maintained vehicle to get you there).

We all get to prioritize what works for us and what we value and want to create. You can find the perfect balance for you by acknowledging what’s important to you, what motivates you, and what will keep you primed for success in your business. It’s the power of believing what you love and desire WILL work for you and lead you to success.

If you want to figure out how to find that balance for YOU and how you can use that to create success in your business, let’s chat. I’d love to learn more about what is important and motivates you as a business owner and how I could support you in achieving that!