Is Your Timing Keeping You From Being Successful In Your Business? Part 2
Article Overview: After being in business for as long as I have, there's one thing that never fails to amaze me -- the capacity entrepreneurs have to sabotage their own success. (Not to mention how creative those ways
can be.) While there's about a million ways this manifests itself, one of those ways I see popping up over and over again is delaying the creation of products or programs.
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Free Download - 3 Mistakes Conscious Entrepreneurs Make When Launching a Product or Program By Michele Pariza Wacek
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Is Your Timing Keeping You From Being Successful In Your Business? Part 2
Last week I talked about how either moving too fast or too slow
can sabotage your success. (You can read part 1 by visiting my blog… my website
address is listed below.) Today I'm going to talk
about a place where entrepreneurs typically move too slow -- creating products
or programs.
Does this sound familiar? You've been working on your book or your program or
product for several months or maybe even years. You're close to finishing --
you just have one or two more things to do. Of course, every time you finish
those one or two things, one or two more things crop up. It's never ending.
If this does sound familiar, you're not alone. I know many, many entrepreneurs
(including myself) who have taken longer than necessary to complete their
products. The reasons vary but many fall into the "perfectionist"
camp. You take pride in your work. You want your product to be perfect. You
want
your customers to love your product and get a lot out of it. There's nothing wrong with that, right?
Well, there is when it prevents you from actually bringing your product to
market. Think about it -- if the conclusion isn't quite right or there are a
few missed typos, is that going to REALLY take away from the experience of your
product? Or the results your customers will get?
Of course not. But we're so fixated on it being perfect we can't get past that.
Now the advice many successful business owners share when you're in this
situation is something along the lines of "good enough is good enough"
(meaning your product doesn't have to be perfect, just get it to a good product
and then get it to market) or "taking imperfect action" (which also basically
means get the darn thing out the door even if it is imperfect). I agree with
both of these statements, but the problem is what happens when you know this
and you STILL need to get that "one more thing done?"
I think there are a couple of deeper issues around perfectionism. (And depending
on how deep the issues are depends on how quickly you can push through them.)
Let me explain.
When we create a product it's easy to fall into the trap of thinking the
product is an extension of ourselves. So any flaws or mistakes or criticism of
the product suddenly takes on way more importance than it ought to be. Because
any problems with the product, anything that is lacking in the product, is
actually a problem or a lack with us personally.
In addition to that (if that wasn't hard enough to get past) there's also a
little question of value. If you don't value yourself, your gifts, your brilliance,
what you bring to the world, then how are you going to value a product you created?
And if you don't value your product, when will it ever be "good
enough" to sell?
So what happens if you find yourself relating to one or both of these issues?
Well, you need to take a step back and do some deeper work on yourself. Hiring
a coach or taking a program that gets at the core of what you're struggling
with-- whether it's valuing yourself, valuing your brilliance or accepting
yourself (warts and all) is crucial to helping you push through your blocks and
getting your products finished and selling.
If you want to do something right now, try journaling about it. See what comes
up for you and what your next steps should be.
Next week we're going to look at the next step – racing through your product
launch now that you've finally gotten your product done.
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Related Forum Posts
Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
2. Mother's Work
3. The 7 Greatest Truths About Successful Women
4. Pitch Like A Girl
5. Workplace Warrior
6. Treasure Hunt: Inside the Mind of the Modern Consumer
7. Contingency Planning & Disaster Recovery
8. She Wins, You Win
9. Napoleon On Project Management
10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do
11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years
12. The One Minute Millionaire
13. Talking From 9 to 5
14. Soloing: Realizing Your Life's Ambitions
15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
17. Fail-Proof Your Business: Beat the Odds and be Successful
18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business
22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker
23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
25. Net Ready: Strategies for Success in the E-conomy
26. The Promotable Woman
27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it
28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto.
3. PADI: The Business of Diving Book
Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Getting Started In Your New Internet Business
- I always think it’s fun and exciting to start a new Internet business. I know for me that I would do something that I’m interested and passionate about. Otherwise the new venture doesn’t last for long. As it’s just as important to have passion, motivation and interest, there are a few areas that help me succeed in business.
Promoting Your Internet Business
I would call this the “show me the money” part of the business. Without money or income, there is no business. Therefore it’s important to promote your business and turn your promotional activities into sales. At every opportunity, try to promote your business through passive means: e.g. through your stationary, letterheads, emails, brochures and any other promotional material you may use. Even if it’s just an article you write for a directory, remember to put your website address at the bottom of it. In the past, I made stickers of my logo that I could easily stick on my products. Also I made sure that every email I sent out to a customer had a company logo in it. This all helps with creating the brand for the business.
It’s crucial to develop a marketing plan that will not only sell your products, but also your brand. Here are some other articles I recommend to read to help you promote your Internet business:
* Spreading The Word: Turbocharge Your Traffic
* Converting Traffic Into Sales Part 1: Generating Leads
* Converting Traffic Into Sales Part 2: Profiting From The Back-End
* 12 Sales Effective Marketing Tips
Operating Your Business
This is the “lifeblood” of the business and I’m amazed at the amount of businesses that still operate without having good systems in place. An electrician I use from time to time asked me how I maintain my book work and said he doesn’t know how to do it. I was shocked because I’d known him to be trading for over 2 years and he probably doesn’t know how much money is being made in his business or let alone lost. What I am saying is to not be like my Electrician friend and make sure you buy an accounting software to track all your accounts and paperwork. I would suggest hiring a book keeper because it will save you the hassle and time of doing it all yourself. Some good software packages out there that are under $500 like MYOB Accounting and QuickBooks will be more than sufficient when you start out.
Another area that most people forget or get caught out on are getting the appropriate insurances for your business. The most common are public liability insurance, fire, burglary, vehicle and workers compensation insurance. All these can be easily found via a quick search on Google. I would recommend ensuring both public liability and fire insurances are in place before even running your business.
Keeping Pace And Staying Up To Date
This may sound all too overwhelming when you have to promote, operate your business and keep up to date with your industry. Believe me it’s not as hard as it sounds. Take the first step and join a trade association or your local Chamber of Commerce. You will find it both informative and beneficial to your business. To know what is happening in your area and within your industry can help you make better decisions for promoting your product or service. Whether it may be time to change a product line or add more services to your business, you will be keeping up with the industry and making sure you are not missing out on opportunities. Also it’s a great way to network and promote within your trade associations and Chamber of Commerce. Simply write an article to contribute and it can be used as great public relations (P.R) for your business.
Also I emphasise to have a well prepared business plan created before starting your business, because this will be your starting point. A business plan is useful for so many areas for your business from sourcing finance to implementing a growth strategy for the next 5 years. Once it’s written down, it will become a living breathing document that you can update and review over time. I’ve just finished preparing my business plan for this business which took nearly 3 weeks to complete but I can tell you that it is well worth the time and effort to do. Learn how to put your own business plan together and I can guarantee you that you’ll get finance and negotiate business deals much easier.
The Future Of Your Internet Business
Starting your Internet Business is rewarding and if you look into those areas I have mentioned, then you will have a good foundation to running a successful Internet Business. Take action today and know that you deserve to live your dream.
Tyrone Shum
Internet Business Coach
Business Coaching Internship Review
- I joined in during the first phase of the internship and at this point we are committed to doing research and development of RSC Business Group operating in Toronto.
RSC Business Group already has products and services in Coaching Small businesses in Los Angeles but we didn't want to assume that the same products were wanted and needed in the Toronto market. Our goal at this point is to commit to interviewing 1000 business owners to capture this data.
Through the teleconference internship I've been involved in we've been focusing on Communication Skills and on active listening which are practiced when we conduct our interviews and Coach our clients when they come on board. This is a lot harder than it sounds!
Part of the internship is also creating the Toronto RSC Business Group's departments, job descriptions, Marketing and Communication plans etc that a business owner would create for their own company. This trains us in the way we would coach a company as well.
The internship is phased in two parts and there is compensation plan involved as well for the clients you personally bring in. These clients are coached directly by Robert Chun as you begin but you are given a chance to learn his techniques. I haven't gone through this experience yet though.
It's hard to explain Robert Chun's method of Coaching as it happens at a psychological level in his ability to listen and question the person being coached into the next steps they need to take.
The Teleconferences are 2 hours long but it's very interactive. If you have a desire to explore this area of Business I'd recommend contacting Vwodek listed above and get invited to a Coaching Conference call. You can decided then if it's for you.
Note: it is a commitment but the skills you walk away with whether you plan on working with RSC Business Group or not is invaluable.
Re: How to Stay Motivated
- Thanks for posting this, Matthew. Keeping the motivation strong is something I've really been struggling with. Donna, I think I was just not pushing as hard as I need to and getting maintenance instead of progress.
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