If you’re a small business owner and finding it stuck in a rut, heed this advice from the experts on how to give it a welcome boost.
Here are Claire’s seven top tips for business success:
- Ensure you’re still in the right business
If you’re not passionate about your business or the business you’re working for then it’s time to call it a day. If you aren’t doing something you love or believe in, don’t pursue it because you will soon lose all motivation, and that lack of desire to move forward just won’t be there.
- Accept the realities
If you have reached a point where business isn’t coming in as fast as you’d like it to be or you’re being overlooked by your employer, don’t bury your head – take action. Make a list of the things you have to change in order to get over that next hurdle – try a ‘100 reasons why’ list.
- Check-in, improve and evolve
Each and every day, it’s important to check in with yourself. How are you feeling? How could I improve today? What could I have done better yesterday? How am I moving this problem forward? How can I celebrate success?
- Do your sums
If you’re a solo entrepreneur, keep an eye on your incomings and outgoings weekly. Keep the cash flow in a healthy position and try to build up three-month’s worth of savings.
- Hire a business coach
If you’ve never worked with a coach before it can feel like a luxury to do this, but once you take that step, you’ll realise that a coach who is a step removed from your business can be extremely beneficial, as they bring focus, clarity, goal setting, objectives and accountability.
- Balance work and life
Whilst business is important and for some all-consuming, taking time out can actually bring greater clarity and creativity. Make time for it.
Being in business and wanting to climb the corporate ladder can take a toll on your mental health so make time for exercise.