Measuring Up
So what if your business is small? That doesn't mean your entrepreneurial dreams have to be, too.
Your dream business is now a reality. You've poured your
heart and soul into creating the life you've always wanted. It
seemed impossible, but you've arrived--you're now your own
boss! The hallway commute from your bedroom to the office gives you
extraordinary freedom, and the lax dress code and low overhead are
irresistible. You have the best of both worlds. So why do so many homebased entrepreneurs feel, well, small?
This feeling of inadequacy can be uncomfortable and even downright
unnerving. Doubt surfaces whenever we encounter the opinions of
others. Content Continues Below
The good news is that you can expand your business by
eliminating these perceptions. Start by connecting with what makes
your business unique and "larger than life"--your intent
and your spirit. Then fuel your growth with these simple steps: - Define your own success.
Create a plan for growth based on your terms, both financial and
personal. Whether it's doubling revenue or maintaining a
work/life balance--you define the outcome. Track your achievements
by creating goals, putting milestones in place and communicating
them to others. These simple actions create positive energy and
attract people who will want to do business with you.
- Revel in your size. Your
business is powerful because you've combined your personal
world with business success. Remember your definition of success,
and communicate your goals-they're more powerful than office
square footage.
- Let growth follow success.
Success is a step-by-step process through the fulfillment of
intermediate goals. If your goal is to have a larger enterprise,
you could be tempted to leverage everything to get there too fast
and too soon. That's not success--that's stress. Start by
breaking tasks into chunks and doing what's possible.
You'll achieve your goals and remain in business to grow even
further.
- Create a lasting image. You
are your business, and your unique image is what people buy. How do
other people see you? "She's competent and listens to my
needs" gets more business than "What a great gift
basket!" Customers have choices, and your winning larger
projects is a result of earning their trust. It starts by following
through on the benefits you offer. In our electronic world,
it's easy to look large and stay lean. So reflect that strength
on your Web site, in your e-mails and, of course, in your product
or service.
- Expand by partnering. Your
business is part of an ecosystem of businesses. Exploring
opportunities within that circle can help you grow more
efficiently. How many times have your clients asked for referrals?
"Hey, you're in the interior design business. Do you know
a good electrician?" Find businesses that fill a certain need
and refer customers to them, and you can generate income through
referral fees.
In addition, expand your referral network. Listen to the needs
of your suppliers, your customers and other businesses in your
area. These partners will also refer customers to you. If you have
a business need, bartering with these partners can save money. Renting an office outside your home isn't necessarily the
definition of success. Dream like a child; decide as an adult and
keep your imagination open to the possibilities that surround you.
Define your goals, and take action using both intuition and
experience to grow your business.
Speaker and consultant Romanus Wolter is the author
of Kick Start Your Dream Business.
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