Entrepreneurs often start their own business because they want freedom and flexibility, but so many of them quickly fall into overwhelm and frustration. Sound familiar?
As a certified business coach I enjoy working with entrepreneurs and small business owners. I help them find the support they need, and help them find the clarity and actions needed to reach their business goals.
On this first episode of my new Biz Studio podcast, I am introducing business owners to how I can help with mindset, marketing and sales, as well as find the right support. The Biz Podcast is going to be a mix of just me sharing my business tips and advice with you, as well as interviews with experts in their field that I know can help other business owners.
On a regular basis I hear these concerns from business owners: they feel stuck, they feel overwhelmed or they don’t know if they should continue with their business.
If you want to feel good about yourself and your business start with these three things:
1) Know what you want your life to look like
If you don’t know what you want your life to look like then you don’t know what your business should look like. Design your business to fit in with the life you want. You need to be clear on what it is you want to do for yourself—do you want to work 2 to 5 hours a week? Or do you want to work 80 hours a week? There is room in the entrepreneurial space for both kinds of entrepreneurs; you just have to figure out which kind is best for you and your life.
How do you figure this out? Write it down. How many hours are you willing to work in a week? What about weekends and evenings? What about time off, including vacation time? This can vary a lot based on your business, and there is no right answer.
You want to figure out what your priories are and how that’s going to fit into your life. Do you need flexibility for your family? What about other commitments you may have, such as volunteering? Set it all out so it will help you better understand how much time you have to devote to your business.
I am not pretending you can make $1 million working four hours a week. You need to think about the base amount you need to make in order for you to be okay. And then think about money for extra things, such as vacations, hiring a housecleaner, etc.?
This is all part of figuring out what you want your life to look like. Your thinking and your business plan must align and writing it all out is the best way to figure this out.
Not sure how to get started? I have a worksheet that will allow you to write this all down and map it out.
2) Make concrete plans
This may sound obvious, but here’s the thing: many of us have these great plans that are stuck in our head, but not many of us write them down.
Having ideas is great, but these ideas need to be on paper to make them concrete. This can be on computer or in a journal, they just needs to be out of your head.
3) Find community
I have been an entrepreneur for 10 years… but I did it alone for many of those years. Talk to other business owners to figure out what is a good (and bad) idea, etc. Entrepreneurs are busy people, but they need a community to bounce ideas off of or hold them accountable. Whether it is a free online community, mastermind group or local in-person networking group, a supportive community of like-minded people can make a big difference in your business.
A community can help you not feel alone and offer valuable business tips and ideas. It will help normalize many of the concerns and struggles you may be having as a business owner. It will also help you see things about your business that you may not have otherwise noticed.
There are so many things business owners should consider when running a business. It may feel like a never-ending race on a hamster wheel, and you know there are lots to prioritize. This is why I started The Biz Studio podcast: to help fellow business owners stay in control, offer support and share resources and tips I know will help.
Make sure to grab your free download from today’s podcast and subscribe to hear more informative podcast episodes of The Biz Studio podcast.
Resources & Links
As this new podcast gets off the ground, I’d really love your help to make sure that it gets in front of the right people. The first weeks of a podcast’s life are the most important in terms of the opportunities for iTunes to showcase you to other listeners. Because of that, I’m starting out this new podcast with a bang. There are 3 episodes available for you right now, and there will be at least two more episodes every week for the remainder of the eight weeks.
I thought I’d find some extra ways to thank you for all the sharing and supporting you do of the new podcast so every week until July 15th I’m going to be giving away one of my favourite business books to one person who either:
- subscribe to the podcast or leave a review on iTunes; or
- share the podcast on social media; or
- come in to the Biz Studio and post your favourite tip from a specific episode (along with a link to that episode)
In all cases, you need to make sure that I either know who you are (email me a screen capture of the review or showing you are subscribed) or that the posts on social media are public and tag me (@larawellman) or the Biz Studio (on Facebook you can tag my page).
Each week I’ll be announcing the book winner on Wednesdays on my Facebook page
Some of the books I’ll be giving away are (I’ll be adding more titles soon):
- The Big Leap by Gay Hendricks
- It Starts with Why by Simon Synek
- How to Live a Good Life by Jonathan Fields
- E-myth Revisited by Michael Gerber
So get out there and start sharing your reviews and sharing the podcast and good luck. AND THANK YOU!