Business Basics – Page 7 – Pauline Bright Business Coach

The “money side” of business – is it an optional extra?

How do you make financial decisions for your business? Gut instinct? Look at the bank account? Or check your financial reports and cashflow statements?

If you just cringed at the thought of actually reading financial statements then you may need to start thinking differently about the money side of your business if you want it to actually flourish. It’s nowhere near as hard as you think it is – and it is very EMPOWERING!

I’m always puzzled when I hear business owners say they don’t like the money side of business. Running a company and hating numbers strikes me as a little like being a massage therapist and hating to touch people

If you could overcome some of your money habits, skills and current thinking, what would give you the most confidence in running your business?

What would, you need to know for peace of mind that things are working as they should?

Money in the bank?
Forward orders?
Work in progress?
Your regular bills/debts taken care of?
Invoices done properly and timely?
Debt reduction – you are making headway?
Paying yourself regularly – and paying what you are worth?
Never having to scratch around for money?
Play money for holidays, toys, treats?
Money to give to others?

If it’s time you got to grips with money and business, hop onto this free “Business Money Maximiser Webinar”
It’s a Warts-n-all Expose: The Reality of Running a Six Figure Business for people who think they don’t like numbers but know they are missing something really important in their business around the money side of things.

http://brightbusiness.net.au/the-business-money-maximiser

BUSINESS

3 Easy Steps To Write A Blog Or Social Media Post Now!

Quick and simple guidelines to create content

Here are the rules…

Don’t be generic – don’t write for everyone , write just for one person
You need to get inside their head to get to the HOT Buttons – make it personal.
Keep great notes on conversations with clients or customers – these are your source materials

Here are the steps:

Step #1

Identify a specific person

Write a list of the clients you’ve dealt with over the few weeks or few months – Name them. Some will stand out more than others because of the conversations you’ve had – choose the ones you’d most like to write for and that you have the most to contribute to

Step #2

Find their HOT Buttons

Under each name write down all the problems they have – real and perceived. Dig deep – find their fears and frustrations; what irks them, what keeps them awake at night, what they would do if they had a magic wand; what they most want your help with; their horror stories and their dreams and desires. Be very specific; not “needs more money” but “Needs to generate $5000 by Monday”

Step #3

Write the article in a particular style

Once you have the list, write an article for that person – just that person, because if one person has that problem or desire you can bet your boots others do too. Make it interesting to read – choose a style to write it in. It could be a case study, a rant, a “how to”, common myths… it could even be a checklist, FAQs or 3 Steps to do something.

You now have page full of ideas for articles, blogs, and social media posts – no more staring at a blank page. You can even turn these into videos or podcasts.

Enjoy!

The harder you work the worse it gets

Some days it feels like you’re digging yourself a deeper hole.

You have the best of intentions but it just doesn’t feel right. There’s a distinct lack of joy and sense of achievement in the day to day running of your business.

So – my best advice: STOP right now, put your head up and look around. You might be heading in the wrong direction.

Is what you are doing now getting closer to the kind of business – and lifestyle – you really want?
Honestly, if it’s not, what’s your reaction to it?

Some people keep on digging because they’re stuck – they don’t know what else to do. They’ve committed to a course of action and don’t have an alternative plan.

Some keep digging because they’re afraid of what people will say if they give up.

And some people have the courage to overcome their fears and change direction.

It takes a lot of guts to change – not just to recognise that something has to change but to actually make the changes. It also takes guidance and encouragement – and often a lot of hard work, doing things you might never have done before.

You’ll know when you’re on the right track – you will work hard and you’ll actually enjoy it. You’ll see progress. Like the Wright brothers when they were building their first aeroplane. They said “we could hardly wait to get there each day”.

I think business should be like that – if yours is not, then you’re responsible, what would you like to do about it?

Would a 10 Minute Pinpoint the Problem Find the Solution phone call help? Click here to book a free call .

5 Steps to develop your good business ideas

If you’re a creative person you’ve probably generated more business ideas than you can ever implement.

In your mind your latest idea could be the best thing since sliced bread, but if you don’t put in enough strategic thinking BEFORE you get started, it could just lead you down a deep dark rabbit hole…

This 5 Step Strategy to Develop New Ideas will help you sort the “good ideas” from the “time wasters that look good on the surface” and show you how to get the outcome you really want.

Try this:

Capture the ideas – it doesn’t matter how crazy they might seem – just get them down in a journal of some sort. Use words, pictures, links… anything that sparks off the original idea and intention.
What is the problem that THIS is the Solution to? You’ll need a framework to assess the idea. What is your greatest need – your “Burning Desire” right now? Is it to make more money, to get better customers, to have better structure in your business? Whatever that burning desire is write it down at the top of a page. “I need to make more money” (remember to state exactly how much money that is – e.g. $500 more in turnover each week”) You’re going to brainstorm the strategies.
Take each idea you came up with and run it by the Burning Desire. If the idea can help you achieve that exact outcome, without spending too much money or wasting too much time, then it’s time to develop the idea. All other ideas have been captured in the journal so you can come back to them later. Work on ONE idea at a time – go deep.
If you have more than one idea or strategy, assess the idea for ease of implementation. Ask yourself qualifying questions: “Can it be done, by me (or can I pay someone else to do it)? What tools, people, skills will I need to make it successful? How long would it take to implement? How much will it cost? What return do I want for my time and effort?” Write it down. Can you do a “test run” before you throw lots of money at it?
Start the test run – run it by people who would use it or buy it – get some feedback. Don’t try to develop the idea and build a new product / service / system until you know there is a genuine need or market for it or that people actually want what you’ve created.

How do I know this works?

Because I’m a super-high Creator. Without structure to assess and implement ideas Creator types can create chaos. I know it seems like “hard work” from the outside but if you take a little time to plan it out first you’ll save yourself vast amounts of time and energy and money – and you’ll end up with a much better creation from your brilliant ideas.

Good luck. Let me know how it goes.

What’s your actual number?

How much money do you Fully Intend to earn from your business this year?

Note: “I didn’t say how much money would you like?” That’s a dream.

When I said “Fully Intend to earn” I don’t mean just some vague goal of “I want more money” blah blah blah.

I mean the actual NUMBER – the amount you will put in your pocket and why that’s important to YOU.

Would it make the world of difference to you…

to earn more than you did at your last job or last year in your business?
to live a better life with no holds barred?
to pay down some overwhelming debt?
To boost your self-esteem – to be paid what your worth ?

People get all hung up on money. They think it’s virtuous to say “It’s not about the money” but if you’re in business a big chunk of it IS about the money

Your financial success this year will depend on just TWO things

How you think
What action you take

It’s not just a matter of setting a goal – that’s the easy part… (pick a number – any number…)

BUT – to get from the income you make now to exactly the income you REALLY want… well, HOW do you do that…?

THAT’S the question… isn’t it?

You see the mystery is in the HOW to do things and most people won’t tell you that.

I’ve been implementing this “money and numbers stuff” for quite some time now in my own businesses, and I teach this to my clients in all kinds of businesses, with remarkable results.

And I want to show YOU how to do it too because life’s too short to do this slowly… and painfully.

You lose too much money and momentum trying to figure this out on your own

Now this is not a “One Tip, One Trick” strategy. It’s a series of actions taken at the right time with the right knowledge that will get you where you want to go.

I’m talking about real commitment here.

I’m talking about rolling your sleeves up and getting into it. Even if you think you don’t like numbers. ESPECIALLY if you avoid this side of your business!

It WILL NOT take care of itself.

And YES it will take some hard work – but it won’t kill you, in fact it will definitely make you stronger!

Here’s a neat little tool to calculate how you’ll make that income – click here

Email me pauline@paulinebright.com

Or send me a private message on Facebook or LinkedIn

Or pick up the phone and call me 0413 739 196

Talk soon.

Evolutionary Business Design

Category: Business Basics