When it comes to business, it can be a dog-eat-dog world out there.
The U.S. Census Bureau reports that 400,000 new businesses are started every year in the U.S., but 470,000 are dying.
How do you make sure you are a business that not only “makes it”—but thrives, and gives you the lifestyle you have been looking for?
Successful businesses have three core elements on lock down—these pieces are key to set up a business that (practically!) runs itself, with minimal maintenance required.
I also share the three types of challenges I’ve seen along the way with my consulting clients, as well as how to avoid these traps in the future.
After you have watched, leave me a comment below: What’s the one idea out of this session that you will take and run with?
I really enjoyed listening to you. Leveraging what I do with technology is my focus as well as focusing on my strengths this I enjoy to do and do more of that. I like what you said about time management getting my days to the point where I am basically managing my time what I do which should be only the things I am good at.
Jack, thanks for your comment. Technology is a great field to be in – as it’s something every business owner needs to take advantage of to accelerate results. The problem is most people don’t know how to use technology the right way, so I love that this is what you’re focusing on.
Always the absolute best information. Pam is the most important person and products in my businesses. You will not find any better. I guarantee it.
I thrive and sustain
Thanks for the nice comment Joe! And, kudos to you for IMPLEMENTATION, as we all know information without implementation doesn’t lead to results!
Great Content, it helped me to organize my activities and focus more on System, People, & You Mgn’t.
Hello Pam I love your video very clear and well said! I could really use a project manager I’m just not sure where to find a really good one along with some great marketing and PR?
Thank you so much for sharing your knowledge!
Sincerely ,
Tammy Adams
Hey Tammy, hire smart, someone who complements your strengths and who has experience. Surprisingly I’ve found my best people on Craig’s list with VERY specific ads about what I’m looking for. Then, in addition to 2-3 interviews, I have them do test projects to make sure they are a fit before I bring them on board permanently. I always believe in hiring the project manager first – a great project manager can help you find and vet good marketing and PR resources (and a lot of them will have their own rolodex of people). Thanks for your comment!
Systems, systems, systems for everything I do! Right now, I do everything myself for one business that I’ve had for 10 years, but could once again grow the business by recruiting new clients and hiring contractors to do more of the work I now do myself. Second business, I’m new at, so I’m still figuring out how it really works, and have had everyone under the sun try to get me to pay them for THEIR systems, which are really just making money for them while getting me ZERO results. Third business which is where my heart really is, has been put on hold, on the back burner while I try to get biz #1 and #2 to become self sustaining and earn enough $$$ that I can devote my time to biz #3. So, I just realized I have 3 gold mines, if I can just get systems (and more people) in place! Thanks Pam!
I can SO relate to your post – it cracked me up! Yes, be very, very careful with technology. The #1 mistake people make it they aren’t clear on what they need and so they end up paying more for a system that doesn’t make sense for the stage their business is in. Love that you are aware how to grow biz #1 by getting leverage. Thanks for your post – it made my day!
Boy do I ever relate to this Alice. I have good systems in place but they can always be improved. I also need some new people (VAs). I’m interviewing one tomorrow.
Excellent perspectives. I agree with the concept of Johnny Cash that you have to know when to hold them and when to fold them . Pivoting is an art like dance so practice the art and you will get better. The three focuses on ups is simple and well worth keeping in line. The QR code seemed to be the rave 5 years ago along with the new ear piece called Bluetooth. Lessons to be learned by reviewing the business model canvass seen on YouTube . Value propositions and the other 8 segments will assist in pivoting. Review the life span of a professional athlete and understand you’re a business athlete .
Great reminders Pam. I’m wrestling with UPS right now as I try to manage the craziness of building a strong foundation for this new direction I’ve gone in. I know I need to make time to document everything I’m doing so I can bring in another person. And yes, I was thinking a project manager is what I need, so thanks for that validation.