By Stacia Pierce
Running a business can be tough, especially when you consider all the many factors that must be in place for you to be successful at it. 1 in 3 businesses fail within their first five years, yet there are several that find a way to break from the pack to thrive into successful ventures. Successful business owners have discovered how to overcome common challenges of running a business and now you can too.
Challenge #1 Lack of Clarity and Intent: Many business owners have no clue why their business exists and what their greatest impact should be. You certainly have to be in business for more than to just make money. It takes a lot of persistence to build a successful company and you have to love what you do enough to stick with it during the tough spots. This is why it’s so important that you are clear about what your business is and why you are doing it. Because pursuing an opportunity just for the sake of doing it is not very gratifying in the end and has no staying power.
Challenge #2: Creating Systems to Simplify your Business and Increase Revenue. Successful businesses are ran using proven systems that can produce positive results on a daily basis. If you’re constantly missing the mark, not getting enough clients and are buried in the overwhelm of day-to-day activity, you need to simplify your business structure. At the Women’s Success Conference, we provide entrepreneurs with the proven systems that are easy to implement. Once business owners start using these strategies they begin making thousands of dollars right away. We call it plug and play profits; you take our systems, plug it into your business and begin implementing right away.
Challenge #3 Time Management. When you’re the boss, you set your own hours and determine how much work gets done daily. It’s easy to fall into a trap of getting up later in the day or spending too much time in one area, while neglecting others.
To successfully manage a business from home, you will need to get organized. Use online tools, like Google, and save your work in a cloud that you can access from anywhere. Capitalize on your mornings. Do uninterrupted work while everyone is sleeping. Contrary to popular belief, you work a lot more when running your own business, but the rewards of setting your own schedule, being with your family and earning unlimited income are all well worth it!
Challenge #4 Staying Focused on Business goals and Finishing Strong: A lot of entrepreneurs make a huge mistake by pursuing things that are totally unrelated to their business goals. It’s easy to stand in your own way of success by constantly jumping on rabbit trails and pursuing bright and shiny objects instead of focusing on what matters most. The key to success is to avoid seeking instant gratification. Building a business takes time and endurance. If you find yourself constantly chasing after an instant solution instead of focusing in on what matters most, it’s time you stop and reevaluate your efforts. Don’t waste time looking for quick fix Invest in a coaching program that will give you a proven system that you can use over and over again and produce positive results.
Challenge #5 Community Connection: Just because you are in business for yourself doesn’t mean you have to build it by yourself. It is easier than ever to get help and mentorship when embarking on something new. You can easily gain access to business professionals who specialize in the new way of marketing and get insight on how to quickly grow your business. The bootstrapping process doesn’t have to be lonely or scary. Join a meet-up group of other entrepreneurs that you can connect with to bounce around ideas, collaborate and encourage in your journey.
There has never been a better time to turn your passion into profits. Entrepreneurs are more likely to increase their wealth during a difficult economy than any other time. With a lot of creativity, determination and patience, you can build a successful business of your own.
Whether you already have a business or just an idea and you are ready to build a viable, sustainable and lucrative business from home or anywhere else, the Ultimate Success Tour is a great way to meet with other entrepreneurs, get ideas and instruction on how to successfully start or build your business. Join us on Saturday, January 25, 2014 at the Rosen Centre Hotel for a fun-filled day of learning.
Stacia Pierce is life coach, career expert and the CEO of Ultimate Lifestyle Enterprises based in Orlando, FL. Stacia is committed to empowering women around the world to live their dream life and excel in their dream career. She’s affectionately known as the whole-life coach because she helps you tighten the unraveled loose ends of your life and discover your true self so you can give one hundred percent to your career, family and personal life.
Stacia has contributed to various national media outlets such as Redbook, Forbes, Fox Small Business Center, Metro, Entrepreneur and Steve Harvey. She also hosts an annual conference, The Women’s Success Conference, which attracts over 5,000 women annually. and was a top winner on Oprah’s OWN Network contest with 7.6 million votes.