I want to share a business secret with you. It’s a secret that you may know already – a least mentally. Yet it’s a secret that often separates highly successful businesses from the less successful ones.

Are you ready? Okay…

No matter how well developed your business is; no matter how many years you’ve been doing it, how many customers you’ve served, how much money you’re making – your business will forever be a work in progress.

I heard this years ago from a colleague and fluffed it off with the usual, “yeah, of course!” But I was missing the juice of it. Only recently have I gotten a clear understanding of what it means. And only recently have I taken a close look at how having an unfinished business is the secret to success. [ continue reading & share your thoughts → ]

How do you define success in your business? It’s a question I ask every client – and most of the prospects I ever speak with.

The interesting thing for me is how often the people I speak with don’t have a specific answer. Sure, we can come up with just about anything on the fly. Yet it’s not difficult to tell the difference between established, well-thought-through business goals and those that we sort of find when we need to talk about such things.

Having a way to measure the success of your business, however, is one of the most vital parts of running a business.

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I’ve always been a do-it-yourselfer. I’ve taught myself a great many things by taking this attitude.

When I bought my first house, I completely gutted it – down to the timbers in most rooms. In other places, we removed and moved walls. For instance, I created a large, walk-in closet in our huge bedroom where there was once a little coat room.

When it came to moving plumbing, rerouting and adding electrical, drywall, replacing subfloor, moving my toilets and bathtub drains – I basically did it all. And in most cases, I took to each project never having done it before.

But at some point, you have to live in  your house. And that means it has to get done – as my wife might say, “be livable.”

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Are you investing in your business?

I’m not just talking about time. Of course you’re investing time, right? If you’re not, then you’re likely not very successful.

But what about money? Are you investing money into your business?

Over the past decade, I’ve worked with hundreds of small and medium-size business owners. Some have been startups with funding while others have had large marketing and PR budgets.

But I’m not talking about those businesses. I’m talking about small business owners. I’m talking about corporate trainers, business and marketing coaches, personal development experts and other service providers. I’m talking about clients whose businesses are generating less than $150,000 per year. In other words – small businesses. [ continue reading & share your thoughts → ]

I was reading from Lao-tzu’s Tao Te Ching last night when I ran across an interesting quote:

He who knows others is wise;
He who knows himself is enlightened.

The passage made me stop and contemplate my own life. How well do I know myself? I went down that path for a bit of time; looking at my aspects and considering what I might be blind about.

Naturally, I soon turned to business. I thought about how much of marketing is focused on the consumer or the client. I wondered what I might learn about my business if I applied Lao-tzu’s words to marketing. So I rewrote the passage to say:

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I’ve gotten this question a bunch lately. So much that I thought I’d record my most recent Monday Mentoring session on it.

The question: How do I know it’s time to redesign my website?

There’s many, many answers to this question. Yet, I’m going to share with you five of the biggies. And as you listen to this short audio clip (~8 minutes) see if your website has any of these symptoms.

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Everyday I ask life coaches and business coaches alike this question: what’s the most pressing problem (or issue) in your business right now?

Most of the time the coaches give me answers that have to do with getting more traffic to my website, getting more people on my list or getting enough coaching clients. The interesting thing is even my other clients – healers, therapists, authors and other service providers – give me similar answers.

While it true that as a life coach you may need more traffic to your coaching website or you need more coaching clients in your practice, it may not be the most pressing problem in your coaching business. And often, getting more traffic to your coaching website isn’t.

But for most of my coaching clients, the most pressing problem can be elusive. This is because usually the most pressing problem in your business has nothing to do with your marketing or generating traffic to your coaching website. Rather it usually has to do with how you actually DO your business.

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