success

#18 - Batching to save time and energy

Nicole Liloia is a former therapist turned accidental entrepreneur who does business strategy for other accidental entrepreneurs looking to scale their businesses and have multiple income streams. An accidental entrepreneur happens when someone starts making money doing something they enjoy, either through a hobby or side-hustle. They do not intend to start a business; they just start making money doing something they love and it evolves into a business. Nicole loves the business of owning a business, but it happened by accident. She thanks her batch system for keeping her business successful.

Batching to save time and money

The Internet has given birth to many new types of business, it has also seen many new businesses fail because they do not have the systems and plans in place to make that business sustainable. Some of these businesses start off lucky, but then they end up spending more money then they are earning, but it you’re committed to running a business long term then you need to make it work.

Mindset and Strategy

Business owners need to understand that business has ups and downs, highs and lows. You need to know this and be okay with this. You need to know this is a regular business cycle and not to get upset and quit during the downs and lows. You have to have a positive mindset to deal with this.

You also need a strategy. You need to strategize for today, tomorrow, this month and the entire year. You do not want to be caught flying by the seat of your pants. If you do you will be wondering where your next income is going to come from long term, instead of working to grow your business with intention.

If you have a strategy then you can work to grow your business and make a long term plan.

Understand your numbers

The amount of time you put into your business will bring in an income, but it may not be profitable right off the bat. You need to really think about your metrics and figure out how many people you can work with in a day, week or year. How can you reach your income goals? Do you need to create passive income streams or other ways to earn money? You need to also account for the time you have available and how many people you will need to talk to make a sale. Track all numbers – how long it takes to convert a potential client, the length of your sales conversations, etc. How long are these people remaining in your pipeline? You need to take all this into account when looking at your income long term – each month contributes to your overall income goal.

Passive income is one possibility, however it is much easier to be successful with passive income once you already have a steady income flow. Passive income is generally a lower income source and needs a large audience to sell to. Many passive income sources need to be created and generally cost money to complete, i.e. due to graphic design, web design, etc. Passive income should be incorporated into your long-term business strategy.

Stay Visible

It can be hard to be and stay visible as an entrepreneur. You need to market yourself and be consistent with your visibility. You need to find a pattern of visibility that you are comfortable with. Nicole sets aside 90-days in which she does hard core marketing and then backs off the rest of the time to focus on her clients. Again, you need to measure what works for you and your business day-to-day and for your overall income goals. If you batch your marketing efforts and repeat it over a specific amount of time then you don’t have to be in selling mode all the time if you don’t want to be. You can let people know ahead of time when you will be accepting new clients (in advance of your goals), which gets us out of being an accidental entrepreneur and into an intentional, strategic entrepreneur. This will help you get and stay ahead.

Batch Activities

If you’re organized then you can take a step back and look at your goals and make sure you have enough money to run your business. This also allows you to batch your activities so nothing important is forgotten. For example, set aside a day and time a week or month where you can follow up with people. This way no one is forgotten. You will be able to build relationships this way and not forget about a potential client.

You can get a lot more done if you set aside a specific time to accomplish something rather than constantly stopping and starting again. You are also in the right frame of mind to stay focussed and be confident with the task at hand.

Nicole has a tool that helps people batch their business activities. Batch like a Boss helps business owners get ahead of stress, content, deadlines, and whatever else you need to do and start feeling accomplished and confident.

In order to be successful in business, be consistent, take action and have a clear, identifiable goal that can be measured and work every day to reach that goal and avoid panic mode.

Resources & Links

Nicole Liloia's website

Nicole's Batch Like a Boss worksheet

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#16 The danger behind loaded words

When you hear the word success how does it make you feel? What is your definition of success? Did you know that how you define certain words can hamper or help you achieve something—especially in business? We call these words “loaded” and Megan O’Neill joins me today to discuss what they mean for you and your business.

Megan is a Core Belief Engineering Practitioner who works with entrepreneurs. She works with her clients on a deep level to help them overcome their negative mindsets, including around a person’s beliefs behind loaded words.

Loaded words carry more meaning then their dictionary definition. People need to understand that there are words that are really loaded and that how they define these words can impact their business and how they work toward their goals. 

What are loaded words?

Loaded words have a visceral response to them; sometimes this response can be negative. If there is a word that automatically gets your back up then there is a belief within you that needs to be examined and your beliefs around it need to be changed.

The question becomes, how are you operating around the beliefs of this word? Meaning is your definition of a certain word or words preventing you from doing or achieving something? Many people have mindset blocks around a number of words that can impact how they perform in their business - loaded words such as rich, ambition, success, hustle, and busyness.

Ambition

How do you feel about the word ambition?

For Megan ambition is something to strive for; it’s an attribute. It is something you want to have in order to be successful. For Lara, ambition can be a risky path and does not always mean success - it's loaded for her with fears of too much work and sacrificing the joys of life.

Success

What do you feel when you think about success in your business?

Many people don’t define success for themselves, but instead they end up using society's definition of success, or what they've witnessed and believed to be successful around them in their lives. 

It is only when you start seeing what you truly want versus how someone else sees success that you can start breaking through your beliefs around a loaded word. For example, just because someone else has the desire and ability to vacation in St-Bart’s twice a year, doesn’t mean it defines success for you if that isn’t something you really desire to do. If the idea of being successful in your business feels overwhelming at all, it may be time to write down a new definition of personal success. 

Rich

Do you want to be rich?

While one person may think being rich would be perfect, another person may hate the idea of ever being rich because of what they believe having money will mean to them. Some people think that being rich makes you cold and disconnected and therefore don't want to ever be rich. That definition has a lot more meaning than just having lots of money.

Our definitions of loaded words form when we are children. Maybe it is from movies we have seen as children where the villain was rich, or perhaps it is from our parents’ belief that people with money are evil.

You need to learn that your definition of a word can put a lot of needless pressure on yourself. You also need to understand that these beliefs can be blocking you from achieving success. You could be viewing the definition of a word through a lens that is not giving you the true picture of your situation. If your definition of a word does not match your true beliefs around something then you need to take another look at the definition.

Hustle

There are two camps on what the word hustle can mean: If you’re hustling you’re working hard to be the best at your job, you love what you’re doing versus it sounds pushy, hard work, always in someone’s face, and never taking time for yourself.

Some people load it with positives, and some load it with negatives. Which camp are you in, or do you feel neutral about the word?

Busyness

Busy has become a synonymous with success. There is a belief that being busy is positive for a lot of people because they are always taking action ad are always doing something. The other side could be that they’re not taking time for themself, their family or for the things they really want to do. Instead they are doing the things they have to do and not what they want to do. Being busy does not have to be a bad thing.

What are your loaded words? What kind of unconscious beliefs are you running around these loaded words? You can change a definition around words at any time, you just need to get a new education regarding a word to change it and move forward.

Resources & Links

Megan’s Facebook Group

Megan O'Neill's website

Megan O'Neill on Facebook

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