Too many small-business people aren’t willing to ask for help when they need it. Entrepreneurs by nature tend to be independent risk-takers. They started the company and it is their baby. Obviously, they should know how to raise it.
Have you ever thought about starting your own business? Wondered what it would be like to legitimately make your own schedule? Choose which client you have to serve, which customers problems you have to address- and did I mention make your own schedule?
This week's series will concentrate and celebrate Small Business! Whether you're just starting out or you've been around for a few years, it's important to understand, embrace and celebrate that you are a Small Business!
Here at STI solutions one of our chief focuses in our communities is building, educating and, empowering #Startups and Small Businesses around the Country. It's truly is an honor and a privilege to nourish the backbone of America
So you want to start a business? Thats great- we'll be able to help you every step of the way!
We are talking about financial freedom.
We're talking about debt freedom. Freedom from loans, were talking about paying cars off early, we're talking about paying houses off early we're, talking about paying your rent 12 months in advance! These are the advantages of Small Business, where you can take your passion you, can take your intent, you can take your dedication and truly make something of it!
"Can I really make money working for someone else?" Let's think about that for second. Would you actually pay one of your employees more than you? Would you pay more for your vendors than you do selling your product? Would you turn your entire business upside down just to make sure that everybody else was making more than what they thought they were worth?
If you want to be a business owner the answer should be no for all of the above, right? Thats not how a profitable business operates! Here, at STI Solutions, we meet at the intersection of Practice and Factory! Let's dig a little deeper.
There are organizations who actually run and operate the organization as a practice, right? This is where we find quality over quantity! Next, we have a more profitable and lucrative business model, that operates more like a Factory! You will have to decide, especially in the beginning, which is better for you!
Here at STI solutions we always train our new Business Owners and our new #Startups to run their new business as a Factory! We understand that the reason why you want to get into business is because you have a passion! That's fine, but when you have a passion and you're doing something about it you're making money we call that a hobby! It's a hard truth, but it's the truth!
However, if you actually have an idea, if you actually have a will and you have a way we will meet you halfway and teach you how to remain profitable by not compromising the passion and compassion you have for your specific industry!
Often times we always hear that a a Small Business will fail within the first 4 years! 51.4% to be exact?
A lot of this is caused by Business Owners buying loyalty, or what they think is loyalty, to their brand new customers! Maybe it was extra chips with the salsa, maybe it was extra chicken with the quesadilla, maybe it was two of the same product instead of one, maybe it was too many buyback offers from the customer who had a bad day?
Although these are good and practical techniques to retain your customers and retain your clients, we never recommend this in the first year or even the second year because you really haven't even established a client base.
There is a myriad of affordable, manageable and, practical loyalty solutions for your customers! STOP giving your product away and stop giving your money away!
The difference was that you were operating as a Practice and you weren't operating as a Factory! One of the very first important factors of being a business owner. One of the Chief Challenges of being a business owner is always remain profitable. We can help you do that!
In today's busy world and even busier economy you wouldn't believe how important it is for small business to stay alive in the United States. In fact, 54% of all sales recorded in the United States come from Small Businesses! This is a huge impact on the local economy, and it's an even bigger impact on a national scale! You can be a part of this!
The point of it all is to remember that Small Business is important, but how do we keep that Small Business running? How do we keep that Small Business alive? Tis where you need expert guidance and advice in the room!
As we celebrate small business week in 2017, we want you to focus on your true intention of starting a business! What is it that you want to get out of this business? What is it you hope to accomplish? Where do you hope to be after starting this business? No matter where you are in the process, we can HELP!
Have you ever had a moment, where you felt that you and your business were being attacked? Have you ever felt like that no matter what you do, someone or something will turn and say that it is wrong, and try to destroy what you’ve built!
Folks this is #Character under #Fire !
No matter the industry you are in, there will be a point in time where your #Character will be under #Fire. What does this mean? This means that at some point in time, your business will be questioned. Your methods will be questioned. Your practice will be questioned. Now that we know that this will happen what can we do about it?
I want you to think of a time where your business was failing or maybe, rather your business is failing now! Have you thought for one second that your Character was under Fire?
In today’s busy world, we often think that business is like what we see on the commercials! We often think getting into business, we are going to make so much money and be able to pay off all of our debts or have a very big restaurant or a very big storefront or the top floor of an office building and you as the owner, have the corner office!
What if I told you that could be very true, but you would first have to walk through the fire! Your character will be tested and in this blog entry you will learn how to overcome it!
Would you believe me if I told you that at some point in time in your business life cycle, a competitor will try to destroy you! Would you believe me if I told you that at some point in time in your business life cycle you will be tested as a #Business Owner!
Let me preface this with the disclaimer. A disclaimer that only recognizes this method for those that truly plan to be successful! A method for those that truly are going to move to the next level in their business. This blog entry is not for everyone and it certainly is not for the faint hearted.
When your competitors are trying to sue you for product right infringement-when your competitors are trying to destroy you with media buys and media ads- when your customers are no longer loyal because your business is being attacked how do we overcome and remain profitable? (Click for Video)
These next three things will be vital to the survival of your business:
Consistency is an integral part of success! Being so, you must rely in your consistency to deliver your businesses through this #Fire. People are expecting you, as a Business Owner, to not only exercise poise and control, but to ultimately remain consistent in your practice!
The entire reason that people purchase your product or purchase your service is because of you we must remain consistent in our ideologies to proffer to foster to maintain a profitable environment
In the business world composure could not be any higher on the list of integral parts of your business process and management no one wants to deal with a madman nobody wants to deal with a crazy person especially at the helm of your business they want to deal with somebody that is mature and knowledgeable who can maintain their composure the idea behind us is to never let your customers or clients know that your business is going through the fire or going through a rough time. Composure is key to maintaining your business and your profits during this season.
In previous blogs and broadcast, we often talk about counsel and its importance! Having Counsel or a group of advisers can often lead to better decision making and better visionary approaches to your problems during this season of #Fire.
Often times we talk about #Wisdom in the #Fire, a previous blog and broadcast that focused solely on those who can help you in your business. Your support line, your support staff the people who were there in the very beginning. Although we must be careful of whom we welcome or appoint into our circle of trusted advisors or a group of trusted advisors , we also must rely on them. (Check out that post Here). As Business Owner’s we often get emotional and caught up in the bliss of the problems that we are currently going through, that #Character under #Fire. Having Counsel readily available for us, can be an immense opportunity for them to release the blinders of our goals and enable us to see the full picture of what is before us. If you want to survive- if your #Character is to survive under #Fire- under the lawsuit -under the attacks -under the slander than I cannot advise enough the importance of good counsel at your side. (Video Here)
We are confident, here at STI solutions that if you are to follow, maintain, keep, and promote these three key factors; you will survive. No one said it was going to be easy. No one said you won’t experience hardship! But I say, that you can weather the storm, and invest in these 3 key principles!
What I will proffer to you, you as a business owner as, you as someone who wants to be successful, you as as someone who will be successful, you as someone who is profit worthy and goal oriented, I will proffer to you that this system works. These ideologies work heed those words carefully and carry-on with the mission of the day!
Until next time my friends,
Dan Strickland, MP, CBC
“Trusted Small Business Advisor”
As part of our series on #LifeBalance, we focus this week on Wisdom, and it’s impact on your Business and in the Workplace! Let’s break this down-There are a few mistakes we’ve all made during our tenure. Maybe we fixed them immediately, or maybe we just let things be. The point is- we made a decision that we were accountable for, right?
In today’s busy world, we often take what we can, when we can get it! That includes ADVICE. The problem here lies within ourselves and judgement calls that we make. What exactly are we taking? What or who are we taking it from? When it comes to Wisdom, there are a few ways that we can accept it and embrace…or neglect it and reject it!
Advice can be given by ANYONE! Just take a look online, and you will see thousands of ads promising you the “American Dream” or “Never Work Again” schemes that are running on every ad platform known to mankind, but it does’nt necessarily make it good or actionable advice! In our Free Report we go in to extreme detail on what you should look for when seeking advice, and whom you should be receiving it from!
If we look in the wrong place, we often find misleadeing or simply false information! If we are ignorant of the facts, we can take that information and we implement this into our Business and within the Workplace. This is a DEADLY yet common mistake! That type of information can truly degrade, dismantle, and desovle your entire business model! It can lead to more costly mistakes if the actions aren’t corrected immediately!
In our Report, we teach you the importance of asking the right questions to the right people! The person you are supposed to be seeking advice from, needs to be duley qualified to consult you on these imporatant business matters. Read the Free Guide on choosing the right #Business Consultant and learn how to recover from those deadly mistakes!
In Case You Missed It ICYMI
Here’s today’s video where Dan talks about this very topic!
Often times we wonder if the decision we make was the right one; and the subtle consequences it may have! No matter what, decisions must be made for the good of your business!
Here’s a few things to consider when making a move to impact your business:
- How will this impact me personally, and professionally?
- Consider an exit strategy for every move you make in your business!
- Can Y0u Afford It? Rather, can you Afford not to?
- How soon can I expect ROI (Return on Investment) ?
- What guidance is needed to make the move?
In Overview, there are quite a few things to consider when deciding that your business needs a major jump or move! Growth is often viewed as a result when hiring more people, retaining a consulting firm, or even buying the building next door. However, you first want to make sure that Questions 1-5 are answered in a manner that is favorable to you, and what you are responsible for.
If you can’t truthfully answer any of the questions, take a step back from you business for 1 Weekend. Go out and clear you head for a while. Often times, I go camping or hiking, just to let nature and different cultures inspire me and channel me to my next big decision. If you have an adviser or consultant, always consult them on whether or not your ready to make a jump in the growth cycle of your business!
Click the link below for more details!
In sports, we often talk about athletes who “want it” more than others. These are the players who show up early, who use up every last ounce of energy in pursuit of their best performance. Players for whom defeat is viscerally painful, the ones who will stop at nothing to succeed.
When it comes to business, speed is a weapon that separates certain organizations from the competition — but, its speed can also be harmful if not handled correctly. In the age of digital innovation and transformation, small companies have burst out of the gate to disrupt traditional business molds.
No matter what role we find ourselves in — entrepreneur, executive, sales and marketing professional, to name just a few — we are in constant motion, reacting to the day’s events, feeling the pressure to perform and focusing on results.
It’s not as if coaches have secret powers or have some deep-seated knowledge of your industry that could open the door to more success. Coaches are mere humans like you and me. However, good coaches can help you identify your blind spots.