Is it time to start over this year and have a refresher on your business? Maybe your product is not turning out to be the quality product you thought it was or your business plan isn’t working out quite like you hoped. Whatever is not working, it may be time to reset your business in order to achieve the personal success you were seeking out in the first place.
It doesn’t mean you have to wipe out everything you’ve worked on thus far and start over with a new product, logo, and business model, but if there is one area that is clearly holding you back, it’s time to accept the challenge to make changes that will allow you to succeed. Follow this guide to see what ways you could reset your business in order to be successful this year.
Where to begin
It’s time to sit down and take a look at the questions you need to be asking and getting the answers to. Perhaps you aren’t sure where the problem lies but you know that your customers are not leaving with a smile or that they are leaving poor reviews for you after an experience with your business.
Instead of a design problem, you could have a problem with your customer interactions. Instead of wanting your customers to change, ask yourself what you could change to improve their emotional levels after an interaction with your company. What could you do different that would make them excited to do business with you again?
Looking past your doubts
You may be full of self-doubt when it comes to business decisions. You may feel doubtful inside that you can be successful or that you have the control to have a great day. When your inner voice fills you with doubt, it’s important to do a little self-talk in which you mentally tell yourself that you can complete this task, that you can have a great day, and that you can find ways to improve your business.
If you’re trying to brainstorm or pump yourself up for the day, one trick is to talk out loud to yourself because studies show that gaining clarity and fixes to a problem or coming up with a great idea for a problem many times come from talking out loud.
Once you’ve started working on eliminating your doubts, you may start to feel more confidence in your decision-making. You may have times that you need to make decisions on the spot and you’ll need confidence to do so. If you treat decision-making like a muscle that needs worked on to get stronger, you’ll find that decision-making can get easier over time. Eventually, you won’t find it to be so stressful or intimidating and when a tense situation arises, you’ll be able to calmly and rationally make a decision quickly.
When you find yourself in a situation where your business has taken a bad hit, the key to success is to move past the situation as quickly as possible. Pushing it out of your mind right away is the way to avoid having it ruin everything else you are working towards in the business. You can spend the time to analyze and deconstruct the mistake to understand how to avoid it in the future, but it’s important to keep your positive thinking in check right away despite the issue, so that it won’t spiral into other areas of your business’s success. Instead of pulling that product that seemed to fail as soon as you launched it, get the information you need first to see what the real issue is.
Your attitude and being a leader
It’s important to keep in your attitude in check during misfortunes with your company. Your attitude can ruin your day and spread to others in your office. Getting your attitude in check is really important because you’ll need that positive thinking and motivation to move forward from a catastrophe or to help in moving forward with business growth.
You’ll also be seen as a great leader when you can keep your attitude in check. Instead of telling others what to do, you’ll lead better by example and this is done through being an action taker and exemplifying a positive mindset. Pulling your gang towards a great work ethic compared to pushing them into one is going to be more successful.
People will watch your non-verbal cues. Allow others to see you doing something yourself and then make a point to reflect what you want to see. We tend to copy others, just like when you smile at a baby and the baby smiles back, this is something built in us. If you want your team to act a certain way, do it yourself and they will have a better sense of their expectations, what’s working with the customers, and what would please you as the boss.
Five elements of staying the course in business
If your business is swaying back and forth between success and failure, you need to keep in mind the five elements of business that will help you stay the course. While your business goes up and down, look at your own hand for a reminder as to the five most important elements of a successful business owner.
Your thumb represents a “thumbs-up” which can represent the gratitude you need to stay focused on what’s important. Your pointer finger can be viewed as leadership which you need to remind yourself to do the work daily that you want others to notice and take example. Your middle finger represents your attitude which can be useful on those days when you need to flick yourself to get your attitude back in check.
Your ring finger symbolizes love which you need to remind yourself what qualities and strengths you love and those that you don’t that you want to work on. Your pinky finger is there as a reminder to serve others and to remember to help by reaching out. Lastly, your palm brings it all together into one.
When you feel your business needs to get to the next level, sometimes it’s actually you that needs to improve. You need to improve your discipline, your personal development, and your connections. If a business isn’t growing, it’s because the person leading it hasn’t learned anything new. Your business can only go as far as your own personal development.
How can you improve yourself? Start by reaching out to experts in your niche and reading books on business. Consider hiring a coach for more insight or start going to conferences for inspiration and education on what you could be doing different. What are your customers saying? Ask questions and get their feedback and perspective on how your business interactions are.
A healthy business
When you have areas of business you struggle with, it may be time to look at whether you can improve yourself or if you’ll need to hire someone to manage that area of things. It may take you too long to get educated and implement that knowledge into an area that you need help in. Instead, find the right help to do the things you’re not so good at, so that you can focus on the areas that you excel. You can focus on your great marketing skills and your budgeting expertise while someone else handles customer service and administration.
A healthy business requires balance which means you need to practice and fail before getting it right. You’ll learn through trial and error what works and what doesn’t. Since there is no one-size-fits-all to business, you’ll have to try out different formulas until something sticks.
You’ll need to come up with a game plan before you work on your business, whether that’s setting yourself up with the right tools, hiring the right staff, or having a long-term goal to work towards. Just like your New Year’s resolution to get healthy takes a plan of buying the right foods, setting up a workout schedule, and striving for certain goals, you’ll need to take in considerations to your business goals as well.
If your business needs a reset or boost this year due to a failed product, unhappy customers, an unmotivated staff, or a lack of growth, it’s time to work on your own personal development in order to translate that into business. Make a plan and work on the five elements of a great business so that you can watch your business reset and refresh this year into something great.