In the past couple weeks; I have been personally going through
some changes and evaluation of my business. It is something I recommend my
coaching students do, and it is something that I too must also constantly be
aware of, and do.
A question for you…
When was the last time you dug deep into your
business and evaluated where you are at now, how you got there, and what you
need to do to get your business to the next level?
The new business coach I hired (and am paying a fortune for)
has a 42 PAGE(!) questionnaire I am working my way through… would you invest
the time in YOUR business?
It is not easy, but I do see the payoff as being huge.
Questions like:
- who your personal and business mentors are (the people
you consciously or subconsciously are modeling your business after)
- the top 5 words that describe you
- your personal goals, and how you see yourself achieving
them doing what you are doing
- your business goals, and how you see yourself achieving
them doing what you are doing
- why you went into business in the first place
- your 6 month goals, 2 year, 5 year - - and beyond
- your plan to enhance your positive skills
- team challenges you face (not that any of us ever has
problems dealing with team members, employees or outsourced suppliers!)
- your biggest threats that can hold your goals back
- your different target nichges you serve (or want to
serve)
- etc (remember – 42 pages of these questions)
Why am I sharing this with you?
Because one of the biggest obstacles small and medium sized
business owners face is their own reluctance to do the necessary analysis of
their business.
For example, in a call yesterday with some jv partners… it
became quickly apparent that one of the biggest problems faced by many people
we market to is the lack of a perfect client profile.
The perfect client profile gives you laser-like focus on
your perfect client. You understand who they are, where they live, what their
name, age and marital status is. You
know what they read for books, magazines and newspapers. You understand where they go to do their
research – and what they do in their off-time.
You know what makes them TICK. If you don’t understand this, how can you
honestly expect to target them and write to their needs?
If you have never done the perfect client profile – DO IT.
Get inside your perfect client’s head. Learn what makes their decisions. Find out what they deeply want, but are not
typically willing to share. And get to
know them like you know your best friend from high school, or your significant
other, who you have been with for many years.
When you understand all this – put it into a WANTED POSTER.
Have the poster designed with their photo at the top, and
the description of who they are and what they are all about at the bottom.
Then put that poster right in front of your desk where it
can stare at you day in and day out. This
DOES make a huge difference – not as muych as the 42 pages will make – but enough
to get you more clients (the right kinds) so you stop taking business from
anyone who offers it to you.
You know the 80/20 rule – so why aren’t you putting more
emphasis on the 20?
Try it for the next month and see how it pays off in spades!
Troy
PS: There are 3 remaining copies of the Wild West Client
Attraction System (with the present bonus bundle) - - also added is a payment
plan to make it easier for you to pay over 3 months. Have a look at http://www.wildwestwealth.com and see
for yourself the amazing lead generation system and conversion tools you can be
using to improve your sales. Guaranteed to make a massive difference in your
sales and profits.