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The Missing Link to Achieving Your Business Goals

October 30, 2014 by Lisa Mininni Leave a Comment


Slide1You hear this advice constantly.

You’re probably tired of hearing it.

And you may know it, but don’t follow it.

What is it?

If you want to achieve your goals, you need to plan your work and work your plan. Sounds simple enough, right?

Why, then, do approximately 80% of businesses fail in their first year? There are many factors.

In many cases, the business owner simply does not have a systematic way to achieve their goals. Their plan is missing dates, responsibilities, and measurements, and a continuous system to fulfill on that plan.
Even if you have a systematic way to achieve your goals, there are times when goals still aren’t achieved.

Why?

Something is missing. So, what is missing, that, if present, makes a significant difference in achieving your bigger vision?

Commitment.

With over a decade working with entrepreneurs, I have observed three stages of commitment. The three stages are

  • Interested
  • Initiator
  • Innovator

So if you want to make a big impact in the world with your area of expertise, take a moment to identify your commitment stage which may give you insights on your next action. We all make choices on our stage of commitment each and every day.

There’s not a wrong or a right stage and there may be changes in the commitment level depending on what it is. For example, I enjoy decorating and I’m interested in it but I have no interest in becoming a professional decorator so I’m not committed at the highest stage to taking action on it. I enjoy it. I may be interested in it but not enough to inspire consistent action.

When interested, you have a curiosity in having an impact in a certain area, but you are easily distracted. You may take some action, but you don’t have a plan mapped out. If you’re at the Interested Commitment Stage in growing your business, you may want to ask yourself if you are building a business or have a hobby.

In the Initiator Commitment Stage, you have a plan, you take action, and may even incrementally invest in yourself and your business. You are involved in your business and in action. You may have some structures and systems and even achieve a level of success.

Your performance levels, however, are inconsistent. There is a level of productivity and there’s something in your commitment still stopping short from realizing your full vision.
I see this in my own life in getting fit. I take action, I have routines in place, but my performance level is inconsistent.

If you’re at the Innovator Commitment Stage, you are a pioneer in your area of expertise. This is where you open yourself up to new ways to make a bigger impact in the world.
You continuously set new standards in your own performance and have a systematized process of measuring results.

When you are living in the world of the Innovator Commitment Stage, you are:
• Recognized as the go-to leader in your field
• Continuously investing in yourself as a leader, in your team, and your business
• Achieving high levels of abundance
• Making a significant contribution greater than yourself

Assessing your stage of commitment at various times can be a helpful tool in determining your next steps in building a business you love and having a significant contribution in the world.

What’s your stage of commitment in your business and areas of your life?

Filed Under: Blog Tagged With: business systems, goal achieving systems, how to achieve business goals

How to Systematize Your Business to Attract More Clients and Make More Revenue – Step 2

January 30, 2014 by Lisa Mininni Leave a Comment

red number two signIn last week’s video, I covered Step 1 of systematizing your business to attract more clients.

This week, I cover Step 2. This is often the step that business owners skip over causing a variety of issues, like being busy, but not profitable.

Check out this week’s video for Step 2 in Systematizing Your Business to Attract More Clients and Make More Revenue:

 

Filed Under: Blog Tagged With: business systems, marketing systems

How to Systematize Your Business to Attract More Clients and Make More Revenue – Step 1

January 23, 2014 by Lisa Mininni Leave a Comment

step 1 systematizing your business excellerateassociates.comDoes the idea of leaving your business for a couple of days make you feel uneasy?

If your answer is yes, then you may be one of the bottlenecks in your business.

One of the ways to grow your business, attract more clients, and build a profitable business you love is through systematizing it.

While systems and systematizing your business is key to building a sustainable company, they are the most misunderstood areas of business today. Yet, when you take a systems approach, you will create the added freedom to work on the very things that bring you the greatest joy, make the biggest impact, and generate your desired income.

Before you start randomly selecting a business process to systematize, join me for the next six weeks as I show you the steps to start systematizing your business to attract more clients and make more revenue.

View this week’s video for step one:

Filed Under: Blog Tagged With: business systems, Lisa Mininni, systematize your business, systems

Systems That Solve Your Business Snags

July 11, 2013 by Lisa Mininni Leave a Comment

(See hyperlinks below for additional information on types of systems):

systems approach whole vs pieces

Best-Selling Author of E-Myth Revisited, Michael Gerber said, “Let systems run the business and people run the systems…People come and go but the systems remain constant.”

There are many examples of systems at work, including our own circulatory systems, eco systems, and even marketing systems. Some of the most profitable businesses started with systems:  McDonald’s and Federal Express are popular franchise systems.

A system can simply include a set of steps completed at regular intervals or a daily set of habits to increase productivity. Some business systems can be developed in a few minutes or more complex systems can take weeks to implement but offer the business owner leverage and significant return on investment, like a lead generation system.

Systems Are Building Blocks to a Profitable Business

Efficient systems will solve your biggest frustrations, like prospect follow up, inadequate cash flow and declining sales.  Examples of business systems include sales, marketing, accounting, payroll, fulfillment, operations, lead generation, and hiring to name a few.

Whether you realize it or not, systems are critical building blocks of your company.  Because every single area of your business is part of a system that can be managed, building systems within each business function is critical. What’s most important is making sure that each area or part works together for the entire business. Creating those interrelated, effective business systems is essential to growing a profitable business you love.

Systems Create Freedom, Not Inhibit It

A systems approach looks at the whole and reduces shoot-from-the-hip tactics.  It includes processes, standards, and other metrics designed to serve as a blueprint. When you have a blueprint, one simple glance at your metrics and you’ll know how your strategies are or are not working.

Now that you know what a system is and how a systems approach can work, it’s time to identify yours.

  1. Take a minute to identify where you feel the most pain or source of frustration in your business.  For example, are you finding it difficult to keep up with following up with people inquiring about your services?
  2. Determine if you need additional assistance, automation, a process or procedure.
  3. When determining a solution, consider how it will impact the whole business.  One system may appear to be a quick solution, but really isn’t when you consider how it will interface with your other systems.  For example, if you integrate a shopping cart software system, but it doesn’t adequately interface with your accounting software, you may have faulty sales reporting or unnecessary staff expenses because you need to maintain two separate systems when you could have an integrated system that works together seamlessly.

 

Ultimately, it is your business system that will leverage your time, effort, and resources and turn your business snags into business success.

Filed Under: Blog Tagged With: business systems, entrepreneurial edge system, lead generation, what is a business system

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