When Business Owners Ask, “What’s Love Got to Do With It?”

When a business friend of mine and I found ourselves comparing business to marriage, love came up. He snapped, “What’s love got to do with it” adding, “Business is business, my friend.  Marriage is hell.” Well, as most business owners know, business can be hell, too, and quite frankly, not all marriages are doom and gloom.

Still, let’s stay with the marriage analogy for a moment. Certainly, when two people first feel a mutual spark, things are wonderful and exciting. And when a budding business owner decides to try his or her hand at running a business, the buzz is equally electrifying.

Courtship:

Just as couples date, an entrepreneur “courts” an idea, weighing a lot of factors, including money, management, time, and commitment. All are important parts of the process.

Nuptials:

Marrying couples certainly hope to prosper, just as a new business owner hopes to prosper. And both must come to the moment of saying, “I Do”, cementing a commitment. Well, that’s the initial idea, anyway. But what exactly are they “I doing” to?

Ah. The “agreement”.  Yes. In business, it’s imperative, but what if I told you a lot of business owners have passion, persistence, patience, push (drive), and perseverance, but lack one of the most important “p”s of all: a Plan. In business, it’s important to have a clear plan and a business coach can help you build one.

Honeymoon:

For business owners, the honeymoon period may not be as exciting as bedding their bride or groom, but few new business owners I have spoken with have not felt a certain “high” after making the commitment. “I am terrified,” one admitted to me recently, “but in a good way.” And while the initial honeymoon is also a time to set up shop, get affairs in order (ah, ah…the other kind), determine roles and set goals, it’s a time of wonderment and giddiness, and then reality sets in.

Commitment:

As the honeymoon wears off and the “couple” starts looking more seriously at their future, often the topic of starting a family comes up. For the new business owner, this could equate to new product, or growth, or expansion. Ironically, when families start having kids, the husband often feels a little left out in the beginning, and when business owners expand, the spouse often feels a certain similar feeling of loneliness. A friend calls it “Ignorance” with the emphasis on the “nor”, yet it stems from a similar word of the same spelling, ignorance, with the emphasis on the “ig”. Few of us like being ignored, yet when the pressures of supporting a family, or supporting a business kick in, we’re often spending a good portion of our time “trying to keep things running smoothly” and not paying attention to each other.

7-Year Itch

And then “it” can happen. In marriage, sometimes it’s the seventh inning stretch, where we want a break and the grass starts looking mighty green on the other side of the fence. In business, we’re lucky to make it to five years, but the itch of envy and “wanting” can still creep in. My motto is “absence makes the heart grow fonder,” but the business friend whom I opened this article with has a different way of looking at it. He’s fond of saying, “Absence makes the heart grow fonder – of someone else.” In case you’re wondering, he’s no longer married. But the point is, a weakening in our armor, whether we’re male or female, can lead us to making decisions that may not be the best for ourselves and our “marriage” – whether we’re talking spouses or businesses.

Divorce

Then that day comes, when the thin threads of reason snap. Ending one’s marriage is at the top of the list of stresses one can go through, as is losing one’s business. It doesn’t have to happen in all cases, but in some it will and it does. The thing to remember here is that love and loss whether in marriage or business, follow Elizabeth Kubler Ross’s Five Stages of Grief:

Denial, Anger, Bargaining, Depression, Acceptance

There’s no getting around it, nor should there be. Everyone has to go through these stages when the unfortunate happens. But just as love is not always enough to save a marriage, a love for your business is not always enough to save your business.

That’s where a coach can come in. A business coach in today’s economy is almost a must to have on board to succeed. But one need not wait for the business to start showing cracks to seek help. As a matter of fact, introducing a coach right away can not only save one’s business, but can turn one’s business into an operation that allows you time to share with family, friends, and time for yourself. I cannot stress this enough.

So, back to the initial question, “What’s love got to do with it?” The answer is everything – including the ups and downs and in betweens of keeping one’s business and/or marriage prosperous. But in business, love is not enough.

And when you realize that, you’ll call a business coach.

If You Give a Girl a Freebee…

Are you like me? Any time I hear free anymore, I freeeeak out.

Yesterday, for instance, I was offered a free sample at the store. The tiny paper cupcake mold that was put in the palm of my hand had a smidgen of lasagna in it, which I devoured in seconds. The server asked me how I liked it and I had to admit it was delicious. But I didn’t need to answer; my face said it all and she even handed me a second free sample. As I chewed, she pointed down the aisle to let me know where to find the assortment of lasagnas.

I thanked her with every intention of wheeling my cart down a different aisle, but that would have been rude, so “squeaky” and I rolled to the section that housed the luscious lasagna. What do you know! It was on sale for $9.99.

I came to the store for dog biscuits, yet here I was, buying not one, but two boxes of lasagna and a large box of doggie treats. My “freebie” just cost me upwards of $20 bucks. Sound like anyone you know?

Well,  it didn’t stop there. That night, as I waited for the oven to warm, I flipped the box over and scanned the ingredients, forcing my eyes to focus on the calorie intake.

The cheeses, sauce, meat, added up to 1500 calories. My daily…not mealy…daily intake should be around 1200 max.

Looking away, my eyes rested the gym membership notification that had just come in the mail. Only $20 a month. “But,” I rationalized, “why would I need to go to a gym when I can exercise right here at home for free?” I didn’t have a pool, however, and swimming was such good exercies.

I stared at the fish in my fishbowl, suddenly realizing one thing I had forgotten at the store was fish food. After stuffing myself with lasagna, I wedged myself into my car and headed this time to Wallyworld.

Fish food, it turns out, is clear at the back of the store, right by the exercise equipment.

$159 dollars later, I had myself an exercise bench AND a packet of fish food. Eight months of gym membership was now packed into my trunk. Back at home, I opened the box and tried to read the directions (They were in French), I gave up and called my son to assemble the bench. He agreed to, but only if he got paid. He now owns his own successful business…but that’s another story.

The day finally ended, and I went to bed nearly $200 poorer – all from sampling a freebie.

The lessons I learned:

  1. Do not shop when you are hungry.
  2. Bending over and standing up is not only a good exercise, it’s cheap.
  3. Clear, concise, understandable instructions save time and money
  4. You get what you deserve. (Brad Sugars says his dad told him this. Brad’s the founder of ActionCOACH and clearly got what he deserved!)
  5. Accept that FREE generally operates like “Friends with Benefits”…you’re going to have to put out sometime, somewhere…for someone…so, why not let that someone be you?

I know a business coach would read my story here and would already be formulating advice on how to help me prioritize, make lists, be disciplined and save money. While I ultimately spent $200+ dollars on a free sample of lasagna, had I had a coach along, s/he would have showed me how to take that $200, invest it in something that would save me money AND generate capital and I’d be rich—er, smart—er, and enjoying something I can’t get back…time.

In business, there are many things that are basically FREE. These include:

A freebee is only as good as the one who can make it profitable. The coaching costs nothing for you to get an “outside look” at the” inside story”: Your business . And when, after receiving all that free mentoring , you realize you could use some help, the ActionCOACH service is guaranteed.

Here’s what other savvy business owners are saying:

When Sharon Mor and Ed Caballero founded Edventure More summer enrichment programs they began growing the business, but  realized they had no real comfort in dealing with their finances and how to manage their money most efficiently. So, they decided to hire a certified business coach with ActionCOACH Business Coaching. Their coach worked with them to help them squeeze their margins and to improve profitability. Since then the company has undergone a metamorphosis, working better internally and externally. Through restructuring their business model and improving their efficiencies, Edventure More was able to save and reallocate a quarter of a million dollars. Through their coaching experience Mor and Caballero have become increasingly confident in their business and thus their ability to be better leaders. As a result they have built a new level of trust and respect among their team.  ”I am most surprised by the ability we have gained in trusting our team in a genuine way and therefore successfully delegating tasks. Through working with ActionCOACH, we have gotten a better understanding on valuing our costs and when it is smarter for us to delegate,” says Mor. – Edventure More

I always knew what I wanted to do and knew that I had the potential, but I just didn’t know how to get there. ActionCoach is guiding me step by step toward my goals and I actually see them in front of me. I feel like ActionCoach has given me the key to open the door to my own house. My ActionCOACH is helping me unlock my dreams.-Eduardo Pintos Owner Pepito’s Restaurant

So, business owners, that’s my story. What’s yours? Is it a Grimm’s Business Tale? Three CEO Billy Blokes Gruff, perhaps?  Let us hear your “Grimm” stories and we’ll share them with our blog readers!

And sure to look for my next article: “What the Tech Are You Talkin’ About?”

What’s #1 On Your Business Bucket List?

By Peter Williamson

Ask a Business Owner what’s the number one thing that would top their Business Bucket Lists and they might say, “Money!” or “Time” or “A Dream Team!” when in reality, they could have all of those things – and more almost instantly. Too good to be true? Not anymore!

Before I get into how, if I were to ask you if you’d be willing to spend $1500 this month on your roof, you’d probably say yes if it were leaking AND if I were a reputable roofer, right?

Well, guess what? You’re roof is leaking. Not your actual roof, perhaps, but the figurative roof over your business is starting to show some serious “stainage” and we all know what that means.

Drip, drip, drip. Grab the buckets.

Now, I’m not a roofer, but then again, you don’t REALLY need a roofer since this is a made up scenario, but I am the one to call to patch up those growing holes in your business AND to help you apply some much needed strategies that will increase your profits by – are you sitting down – 200 . . .350 . . .700% if not more. Seriously, we have clients who attest to it.

We are SO SURE your profit margins will increase, your processes will be better, and you’ll have the dream team you’ve so badly wanted and needed, that we offer a NO-RISK GUARANTEE. Sorry for the all caps. I don’t want you to feel like I am shouting, but who wouldn’t want to shout something as great as that?

Now, here’s the deal. We can’t give you all the benefits you’ll receive or we’d run out of cyberspace. Plus, our services are customized to your specific needs.

So, do this:Go to www.actioncoachcalteam to see our team of experts ready to serve you from all over California. Click on your region. Give the coach a call and let him or her know you saw this promise. Yes, that’s what it is – our promise along with our guarantee that we will work out a plan with you that’s doable, affordable, and profitable for you.

In doing so, you you’ve just topped your Business Bucket List with a benefit that will actually afford you all the other things you “wish” you could put on it!

#1 benefit: Your own Business Coach!

Then roll up your sleeves, because we have some work to do. Start planning that vacation you’ve been working too hard to actually go on. Or pick out those treasures you’ve wanted to buy but just didn’t have the money, and prepare yourself for finally being at the right place at the right time.

Your success is a phone call away. Don’t wait. Let us help you turn dreams into realities.

ActionCOACH means BUSINESS. No games. No gimmicks. Just results.

3 Tough Business Decisions And Their Solutions

by Peter Williamson

If you’re considering asking someone for help in your business and have done research on the Internet, you’ve probably discovered the difference between a consultant and a business coach. There are some questions you’ll want to ask before hiring a coach.

The reason I’m writing this article is to fully disclose the 3 most common reasons business owners are skeptical about hiring a business coach, but I have no intention of leaving you hanging. I’ll also share the questions you’ll want to be sure to ask a business coach. We’ll review the reasons some business owners are skeptical, and we’ll offer some ways that you can avoid the pitfalls they fell prey to.

Because we have coached thousands of business owners just like yourself, because we’ve been voted #1 Business Coaching Firm six years in a row by Entrepreneur magazine, and because our clients are winning awards and raving about unparalleled revenue increases, we feel we are a pretty good resource and business coaching firm.

Now YOU get rewarded, because I can now share some of these secrets with you.

#1 Reason for skepticism: My business is struggling, so how can I benefit by spending even more money to hire a coach.

#2 My business’s downfall is just the economy. When things turn around, my business will, too.

#3 Are you serious? I work 24/7 just to keep my business afloat, and now you want me to schedule time I don’t have to work with a coach?

All these points are valid. The four areas most business owners define when targeting areas they need help in are: money, management, marketing, and time.

Now, I know it sounds all sales copy-ish to bring up ActionCOACH business coaches, but there’s a reason I have to with regards to skepticism #1. You see, ActionCOACH offers a guarantee, making your decision to work with us risk free. Wait! Go back. Read that again: Risk Free. So, number one worry is already off your list.

Number two. Wishing does not mean something is going to happen. We can wish and wish and wish that we’ll double our revenue, land a great team, or have the time we’ve pined for to do all those things we gave up for our business. And while an improved economy would definitely help you and your business, it’s not a given. One has to make it through the tough times to see the kind of growth and increased profit you are aiming for. Again, your ActionCOACH business coach helps you put the strategies in place that will allow your business to flourish, even in tough times.

Ah, yes. Skepticism #3. Time. It’s an elusive little bugger, isn’t it? I used to say that time is relative (or was that Einstein?). Anyway, it’s especially relative around the holidays. Okay, that was a joke, but my point is that time is a commodity that we can never get back. We can’t bank on it. We can’t harness it. But with an ActionCOACH business coach, you can stop needlessly eating away at it. Because, it IS disappearing. The secret is learning how to turn your time into an INVESTMENT. An investment in YOU, your business, your dreams.

Now, are you ready for the secret? Your ActionCOACH business coach can’t grow money. S/he can’t snap a finger and have the economy healthy and balanced. S/he can’t flick a switch and have time suddenly expand. But, with a trusted ActionCOACH business coach at your side, you can learn and implement process and strategies that will:

  1. More than pay for your coach’s services and boost your business to heights you didn’t even know were possible.
  2. Turn your focus to the success of your company rather than any decline in the economy, and show you ways to profit when times are tough.
  3. Help you manage your time so well that you’ll FEEL like it is being given to you. You’ve certainly felt long enough like it’s being taken away. And there’s no greater feeling than having your business run successfully without having to be there 24/7, trusting that things are running as they should.

Now, isn’t that worth its weight in gold? Still a little skeptical? Try this. Call the coach in your region and ask for a one-hour complementary coaching session. Tell you what. Call now and get an extra hour of coaching. That’s two FREE hours of coaching. But do it now, because this is a limited time offer. It’s only good through April, 2012.

Here are the names, regions and numbers of our California coaches.

So, ready to turbo to success? Trust me. It feels good.

Our goal is to get you there – fast.

No games. No gimmicks.

Just results.

5 Ways to Profit that Every Business Owner Needs to Know

Time is slipping away. There’s no stopping it. But there is a way to make time work for you, not against you. What’s your plan? We suggest putting the 5 ways to Profit in place. What happens next will totally astound you. Seriously.

Every business owner knows that “profit” is about boosting one’s bottom line with a cash-building plan. They also know that profit is about increasing margins and average dollar sales. But what if I told you that you could find hidden gold mines in your business with a few shifts in attitudes and focus, would you become skeptical? Let me dispel some of your skepticism and start with shifts in attitude.

If someone asked you, “Do you know how to spend less time at work, yet make more money?” would you  think it was even possible? Well, it is. But only if you shift your attitude and think of time as an investment. “You want to invest time, not spend it,” advises Brad Sugars, founder of ActionCOACH. He asks business owners, “Is it better for you to focus 10% of your time on a task, or have someone else give it 100% of their attention, even if that person is only half as good at the task as you are? Sometimes a simple understanding of a switch in one’s thinking can make all the difference in the world when it comes to making money. Sometimes switching one’s focus is needed as well.

For instance, if you plant fruit trees and your goal is to harvest the fruit, would you start the process by picking the fruit? Of course not. There is no fruit to pick because the tree hasn’t even been planted.

Yet, business owners starting out (and even some established ones) shoot straight for profit and revenue, basically reaching for “fruit” that isn’t even there yet.

The point? If one’s focus is in the wrong place, no amount of wishing, hoping, or even working 24/7 is going to produce a successful operation that’s laden with profit.

Profiting, therefore, is as much about attitude and beginning at the right place as it is about making money. The right place to start is always with the right system.

At ActionCOACH, we think of profit this way:  P.R.O.F.I.T: Proven Results Offer Financial Independence Today.

The key operative in that acronym are the words “proven results”. Just as an unplanted tree cannot produce fruit, a system cannot be proven until it is effectively put into place, tried, tested, and measured. To put the focus where it needs to be to grow your business and revenue, begin by applying this tried and true “5-Way Formula” for profit:

Your (1) Number of Leads x (2) Your Conversion Rate = Total Number of Customers x (3) The number of Transactions x (4) Average Amount of Sales = Revenue x (5) Profit Margin = Profit.

Understanding how to apply the formula is critical to the growth and success of your business. Understanding what specific systems need to be in place to reach that goal is also critical. Systems, after all, are only as effective as the people who know how to implement them.

ActionCOACH Business Coaches are trained to help you implement systems that guarantee increased revenue. Visit www.actioncoachcalteam and find a coach near you.