#GrowNOW The Podcast

Continuing on our last week’s episode “How to know when to stop your business”, today we address the next steps if you truly down’t want to give up on your business. Besides considering selling, getting outside help for a new strategy or just to keep continuing to hold on to the business as it is, there are other steps if the goal is to turn the business around.

One of the first things to do is always HONESTY. With yourself, with your figures, with looking at your business as if it belonged to someone else. That ’s the main crucial step.

Keep listening to today’s episode to find out the keys to turning your business around when it is in trouble.

What to do when your business is not growing, when it doesn’t produce the expected results, not only financially but also in terms of customer satisfaction or personal fulfilment, etc?

Someone from outside has a clearer picture sometimes over your business, than you being in the middle of it all the time. What are really afraid of when deciding it’s time to move on? Is it the time invested, the idea of failure?

Find out in today’s episode

In today's episode we talk about how our business ambitions are influencing our decisions and lifestyle.

As an entrepreneur, with an objective and pragmatic way of looking at our business results and figures, deciding when to let go of a client may not be the “safest” thing to do, it may seem at first. We create relationships and trust with our clients, there is almost an emotional side to every business connection we develop.

In today’s episode we cover the topic of when and how to know, almost for sure even if there isn’t such a thing anyway, that letting go of a client or a business contact, is the best decision after all.

There are many examples of businesses where, because of the nature of the service provided, a sort of more sustainable and real connection can be experienced between the person providing the service and the client, a feeling of friendship even in some cases.

In personal coaching for example, we are taught in school not to work with friends and family, because in order for that to happen, both parties need to be able to detach. And usually, the person receiving the advice, will not be able to do so, because the friendship or familiarity will take over their feelings.

Toady’s episode explores the fine line between treating clients like friends and how that can backfire… eventually!

Every so often, we should audit ourselves and our business, by asking 2 very important questions:

1. What do I truly want ( expect ) from my business?

2. Why is that relevant for me?

And depending on your answers, the 3rd question will follow/:

3. How do I reach those things that are relevant for me?

The experience of working with entrepreneurs from all over the world, has showed us that usually the answers to the first question can be categorised into 3 directions :

* joy

** stability

*** money

Which one does stand our for you?

In business, as in life, not paying attention in resolving issues in they moment that arise, can result in those problems accumulating and growing over time. And sooner or later, they will catch up with us. Unfortunately, what was once a problem can become a real reason for concern, with costly repercussions.

What would make someone ignore issues to the point of no return?

Today’s episode hopes to bring some clarity on the subject and present some steps on how to prevent such situations.

Aside from the financial aspect, how do you measure the success of a business? Would the personal branding be an important factor? If the way you see yourself and your success has improved, would you consider that an achievement?

Personal branding may be perceived as arrogance but it is just a way of respecting one’s work and time. After all, people make business with people, that is the driving force behind any company.

“Personal branding is not about you. It’s about putting your stamp on the value you deliver to others”

Today’s episode takes a look at 5 important questions that should put you on the path of seriously considering your important role in the image of your business, and remembering that if you are not a brand, you are a commodity. We didn’t say it, Robert Kiyosaki said it.

Those business coaches that have been in the business for a while, are seeing a very definite pattern when it comes to the connection between the private life of the business owner and the business in itself. You would be surprised how much the clients talk about their spouses during a business coaching session. On one side it makes sense because is the most relevant, the most important relationship that one has. On the other hand , no matter how conscious one should be to separate their private life from business, one person cannot divide itself in 2 so eventually the both sides will overlaps. Sometimes in a positive way, sometimes not.

This episode focuses on a few key points on how to improve and find the right balance between the 2.

We have the tendency to turn into control freaks when we want things to turn out exactly how we want it. Most of us won’t even notice that about ourselves until someone points it out.

So what are the obvious signs of a “control freak”,of someone who wants to be in charge of every little detail of a situation?

1. They value safety more than anything else

2. They want to be right ; not only because they know better, but for the benefit of other involved

3. They are low risk takers

4. They try to make sure they win no matter what

5. They are always looking for the guarantees, to make sure that nothing can take them by surprise

How are these beneficial or not for your business, find out in today’s episode.