planning – Page 5 – Michele Christensen

What would it take to…….

Get your project done? Get you unstuck? Get you to what’s next?

Working alone means you get stuck sometimes, here's how to get moving — One way to nudge you forward when you need it

Last week, I shared some ideas on the value of getting things done vs. getting them perfect. Of course, we always want to do our best, but sometimes done really is better than perfect.

Today I want to share one of my favorite tools for getting unstuck and getting a project done. Here’s the question I use:

What would be good enough to move forward?

Note that the question is not “how great can I make this” or “what else can I add.” Both of these are great questions to use in some settings. They may help you to really increase the value of a project or product, but they are not the right questions to ask when you are stuck. When you’re stuck and overwhelmed, the last thing you need is to be thinking on adding even more to the project. What may help is a narrowed focus with a realistic idea of what you need. This question will help you get that. You can use this question to just get you moving forward – you can always change your mind at a later point in the project but this will let you get to that later point.

I first heard this question from one of my teachers Lisa Sasevich. I was at a 3-day event where we were composing a talk to use in business promotion. The event was a working bootcamp, and by the end she promised we’d be ready to speak the next day. At one point, we were doing some heads down work, and she asked who was stuck. About a third of the hands went up, and she said those people were not focusing on “good enough to move ahead.”

The people who need your work aren’t looking for perfection and you can’t provide it anyway. What they want is your help, so offer it sooner rather than later and focus on getting it done. When we get stuck in the midst of something, we can get caught up in a trap of not knowing how much to do or what to do first. It all seems important to get exactly right. But by focusing on this one question: What would be good enough to move ahead? you just might pare down that huge list of things you still need to complete your project into a neat, do-able task list.

What techniques do you use to get unstuck?

Get great results by assuming the worst

One of the best things I’ve learned about business management is to always assume the worst – assume that everything will go wrong and many mistakes will be

Solopreneurs should be prepared for things to go wrong — Solopreneurs should figure out what to do before things go wrong

made. This rule has saved me and saved my projects when I was a project manager in corporate America, in my home renovation and of course in my business.

It may seem that this would lead to negative thinking, but I think it works just the opposite. By always assuming the worst and being prepared for it, things will almost always go better than you think and when they don’t you’ll be prepared. This helps me to keep a positive outlook. Given the complexity of modern living, it’s realistic for things to often get messed up so acknowledging and preparing for it isn’t negative, it’s just realistic. Even when things do go bad, I feel better about it because I know I’ve done everything I can to prepare.

What can you do to save yourself and your projects before things go wrong? Here are some ideas:

Confirm the details at least twice. Don’t give a second thought to offending anyone – communication is tough and your efforts will save everyone later. It may not even be the other party that gets things wrong, so confirm for yourself as well.
Get things in writing whenever you can. I’ve found that it’s much easier for two people to get different ideas from the same communication if it’s verbal as opposed to written. If you are talking to someone, send a follow up email outlining your understanding of the conversation. Having something in writing gives you something to refer to if things do go wrong.
Get clear on a next step. What is to be done, who will do it and by when? If the next step belongs to the other person let them know and get their approval to follow up with them if you don’t hear from them. I say something like “So I’ll call you Wednesday if I haven’t gotten the report okay?”
Always have a backup plan or more than one if you can. I cannot tell you how many times this has saved me when things have gone horribly wrong. Try to think of everything that can go wrong and have a solution before you need it. Before going to great lengths on this one, make sure to weigh the potential damage if things go wrong vs. how much effort it will take to make a backup plan because it’s not always worth it. Some things go wrong and there’s very little negative effect so it wouldn’t be worth it to create a backup plan.
Knowing that things do go wrong, leave slack in all of your projects. Build in extra time and money and any other resources that could sink your project such as technical expertise. If you are depending on someone else such as a contractor or copy shop, give them a deadline well before you actually need it in case something goes wrong.

Do you use this mindset in your work? Does it make you feel more positive? Leave a comment telling me how it works for you.

Solopreneurs need persistence

Solopreneur success isn’t determined solely by having a great product or service or even knowing the most about what you do. Those things are of course critical

to success but they aren’t the only things. One of the biggest traps we can fall into is to have too many ideas which are either not implemented or half done. Most of the time ideas don’t produce revenue until they are fully implemented, so even one small idea completely implemented will usually bring in more sales than several that are half done.

This is a huge challenge for many solopreneurs and in fact for most people with the entrepreneurial spirit. We thrive on ideas and our heads buzz constantly with them. We have more ideas than we know what to do with! A shortage of ideas is usually not the problem when I work with a client who wants to add to his or her business – usually the problem is picking which one to implement first. It’s easy to think this is just the normal state of affairs for everyone, but it’s not. This is one trait I find in almost all the solopreneurs I talk to. Ideas come to us constantly – there’s a reason there are products made for taking notes in the shower! Too many ideas is a great problem to have because it can be solved with some focus.

People who are drawn to being a solopreneur business owner love challenges and new ideas. Jumping from project to project without finishing any of them is what is called “bright, shiny object syndrome.” We are in the middle of something which has become more boring as we churn through the details and BAM a new idea pops into our heads and we’re all over the thrill of something new.

One of the key factors in solopreneur success is to be able to resist bright, shiny object syndrome and finish projects. If you decide to abandon something, do it conscientiously and not because you dropped the ball when something better came along. You won’t have more products and services to offer if you don’t see your ideas through to completion. An obvious result is suffering revenues, but an even bigger impact is that your great ideas are not helping anyone. If you need motivation to get you through the boring patches of completing a project, think of all the people who need what you are offering and aren’t getting it because you haven’t gotten it done.

A simple but effective tool for solopreneur time management

During one part of my career before I was a solopreneur, I worked for a holding company that was a parent company for engineering and architecture firms. My job was to help standardize systems across all the companies. Because of the job-by-job nature of the work, everyone filled out a timesheet – even the administrative staff. I found that knowing I was going to have to slot my time into categories when I did my timesheet helped me to think more proactively about my time and use it more wisely.

For most of us, more freedom is one of the main reasons for being self-employed. We love that we can work whenever it suits us and spend time however we want. If you’re like me, you’ll be thinking “Ugh, I could never go back to something like a timesheet now.” I thought this too, until I saw how it changed my business and my life.

I started using a timesheet 6 months ago when I felt like I wasn’t getting enough done in all the major areas of my life – personal, our fixer upper house and professional. My husband went to school for engineering and now works as a computer programmer and it was his idea to start tracking my time. In the engineering mindset, you can’t optimize a resource until you know how it’s being used now. So, in an effort to diagnose the problem I reluctantly began keeping a timesheet. Boy did I become a convert quickly!

So many great things came out of my using a timesheet it would be hard to list them all here. I became more aware of how long things really take which makes me better able to plan. I could preset how much time to spend on each area so that I invested my time according to my values. Strangely enough, I felt a sense of freedom from being on top of my time. I imagine it’s similar to when someone finally gets on top of their budget and spending. You can’t have unrealistic ideas about your time if how you spent it is right in front of you. My timesheet helped me remove unhelpful blurring of work and personal time, which is a big trap for work-at-home solopreneurs.

If you don’t keep track of how you spend your time, I invite you to do this even for a week or so. It’s a great practice to do every few months or so to make sure you’re spending your time how you think you are.

For my timesheet I used a spreadsheet where each line is a time window, and then I spread out how I spend the time into columns representing the areas I wanted to focus on. You could just write things down on a notepad or use a calendar if that works better for you. Don’t get caught up in finding the perfect tool – just do whatever works and will get you the information you need to make the best decisions about your time.

How solopreneurs can set income goals

A while back, I had a conversation with a coach I was thinking of hiring to help me with my business. Yes, even a business coach needs a coach! No matter how good we are at what we do, I believe everyone needs an outside person to help them.

This coach began our get acquainted session with “How much money do you want to make?” At first I was stymied because I didn’t have an exact figure but had a range instead, and she required one single number for us to even talk. Her plan was to get a number and then work backward to figure out how to make it happen, thus she needed a specific figure from me to even talk about it. Whether or not my figure was realistic given where I was at the time was not a factor for her.

Overall, it’s not a bad idea to start here but there were two big problems with using this approach so rigidly. First, it’s simplistic to just think you can name a figure off the top of your head and make it so. There’s lots of factors that go into building a business at any level and there are no guarantees that you can get to a revenue figure just because you named it. It seems to encourage an almost absurd level of speculation. I would say it’s more realistic to look at how much business you are doing now, how much you can expect to increase based on specific changes you’ve made and then add on some additional due to working smarter.

The second and bigger problem is that it ignores lifestyle choices. There’s loads of ways to make big money, but I’m not willing to do them all. I’m also not willing to work 7 days a week, spend hours a day in LA traffic or neglect my family. How much money you can make is impacted by what you are willing to do to make it. Since some lifestyle choices are not reversable in the short term, I would even say that this is where any income goal has to start. It’s much more realistic to say “I want to make as much money as I can given the following lifestyle conditions……” If you hate your lifestyle lots of money won’t make you satisfied.

Although I caution against using a specific income goal so rigidly, that doesn’t mean it’s always a bad idea. It’s important to know how much you need every month to keep your business open, to cover your own obligations and on top of those two things to have some fun. If you have no idea what those figures are then you’ve got no way to measure if your activities are working and that’s a recipe for business failure.

Measurement basics for solopreneurs

One of the key activities in building a successful business is measuring how well your efforts are working. There’s the obvious measurement of whether profits

Michele Christensen on how solopreneurs can measure their efforts — Measuring your efforts is the only way to make sure they work

are increasing but you don’t earn profit in a vacuum. Your profits are directly related to a myriad of other activities you do and many of these can and should be measured. Most solopreneurs I talk to don’t like numbers, so it’s important to keep any measurement efforts simple, quick and informative. Almost nobody gets things right in their business right out of the gate, so the difference between success and failure is to be always measuring and adjusting to what you do.

The first step to measuring is to be strategic about what you decide to do. It’s not enough to say “I’m going to start Tweeting” or “I want to blog more.” There has to be an objective to your activities and preferably it should be one that can be measured in some way. Ultimately, of course, the objective in a for-profit business is to serve more people and make more profits but it’s likely that many of your activities will have results that are intermediate steps to making profit. For example, you may want to increase the number of people you meet through networking, but adding numbers alone will not result in more business. A more strategic way to think about this would be “I want to meet more people through networking so I can have 10 meetings per month with people who can refer business to me.” Your progress on this goal can be measured – how many people did you meet this month, and how many potential referral partners did you meet up with? It’s also an intermediate step to profit – empowering more people with what they need to know to refer to you can result in more referrals which can result in more business. Once you begin measuring these 2 things – people met and meetings set, you can see how well your efforts are working. Later, when you have some data over time you can see how much business you got from these referrals and have a sense of the dollar value of your networking efforts.

Conversely, if you didn’t measure this but only went to event after event and added to that ever-growing stash of business cards, you’d have no strategic goal, no way to measure and no way to know if the time you invested was paying off. This is why it’s so important to measure your results – continuing to invest time and energy into things that are not working will hurt your business. You do have to do this for yourself – you can’t just do what other businesses do because every business is different. As far as how to track the figures, I use a simple spreadsheet which I fill out every Friday. If a measurement has improved, the number is green so even with a quick glance I can see how I’m doing.

What do you need to start measuring in your business? Leave a comment and tell me about your plan.

Solopreneur Growing Pains

Most solopreneurs I’ve worked with start small and bend the rules to establish themselves. It’s common to start by giving away some free services in exchange

for testimonials or referrals and offer big discounts to hone your craft and gain some momentum. Policies are only loosely enforced if they exist at all in those early days. What almost always happens is that at some point the business is humming along and the business owner still has clients who came on board in the early days and this can create tension for the solopreneur who now has to serve those clients under the old rates or service plan even though it’s no longer appropriate for the business. In those early days, it was fine to get a last minute cancellation since your days were wide-open, but now that means lost income from an empty slot you could have filled with more notice. Maybe some of those early clients are only paying about half of what you charge now.

So what do you do? How do you handle these growing pains?

Start by getting clear on what you want. What rate do you want? How much notice for cancellations do you want? What travel reimbursement do you want? What services do you no longer want to do? Don’t worry if you don’t think you can get all these things right away and still fill your practice – it’s important to know what you want so you can at least begin moving toward that model.

Decide on how much you are committed to the model you want. If you adhere strongly to your model, you may lose some clients off the bat. It may be okay to phase things in over time or give someone a grace period. You may decide to keep some clients even though they don’t line up exactly with your desired business model. When making a change like this, you can do it gradually or all at once depending on your comfort level and your market. If there are services or products you’ve offered that you no longer want to do, consider offering them at a premium price instead of not offering them.

This can be a painful and uncomfortable process but it is necessary to continue your business progress. Your policies, fees, business model and array of services will continue to change and grow with you. At least a few times a year, check in with how you feel about these areas of your business and see if it’s time to grow a little.

A solopreneur’s take on what tasks to do

When you’re an employee, you often don’t have a choice about what tasks you work on. Somebody else creates the big picture direction for the company and your job is to carry out the specific tasks needed to bring that vision to life. It’s a great role in some ways – you’re spared some degree of angst in deciding what to do. You’re not responsible for making sure payroll is covered. You may not be responsible in emergencies or for mundane tasks like insurance, licenses and taxes. But being an employee doesn’t allow you to shape the destiny of the company, and you may not be able to innovate as much as you want. That’s one reason why a lot of people are drawn to the solopreneur lifestyle – the freedom to sink or soar on your own merits.

I think many solopreneurs go through a bit of a let down when they see how many tasks they have to do that they don’t particularly like and this may be true even if you have outsourced help. It’s not that they are doing anything wrong, it’s more of a problem of expectations. Many of us go into our business with huge enthusiasm and a fire to help others, but without thinking about the less glamorous tasks like doing the books, filling out paperwork and finding new clients. What makes things even worse is that a lot of these tasks aren’t optional!

The good news is that once you take care of the mandatory tasks required to stay in business you have some choices about what tasks you do. Unlike an employee, you have lots of discretion as a solopreneur in what you work on. You can even, gasp, make decisions that are bad for business but good for your spirit. The important thing is that you do this with your eyes open. For example, I have not yet really begun to use video in my business very much even though I know I know lots of people like getting information that way (and I will add video at some point). The reason is that video is one of my least favorite ways to receive business information. I’d much rather read, which I can do quickly, or listen which I can do anywhere. Even though I know it’s probably not a great business decision, I’ve taken the liberty to make that decision since I can. There are other important things beside the bottom line for a solopreneur.

If you’re doing any tasks that aren’t absolutely mandatory and that you dislike, I invite you to think about giving them up even if it may not be best for the bottom line. Outsourcing is of course an option, but before doing that consider if you even want to be engaged in those activities. After all, being able to make decisions like that is one of the best reasons to be a solopreneur.

The myth of the business plan

As a business coach, I often get asked about business plans – how to do one, where to find a template, what to include, who needs one, etc. One of the biggest misconceptions about business plans is that there is just one way to do a business plan. There isn’t just one way to do a business plan – whether to do one and what to put in it are dependent on why you are doing the plan in the first place. When someone asks me about a business plan, the first question I ask is “Why are you doing a business plan?” This often brings some surprise because business plans are often included in those lists of things that every business needs so as business owners we don’t always ask the question.

There are two main audiences for your business plan – internal and external. Your internal plan might be a document which helps you make decisions and run your business. You might use casual or colorful language if it’s meaningful to you, e.g. “I want customers to feel like I always felt when I went to Mrs. Smith’s house.” Your internal plan might help employees or outsourced help you hire to feel connected to the big picture of your business and give them a backdrop against which they can make decisions. Your internal plan might help you stay on track when you look at it periodically. It might help you stay focused on why your business is important to you.

A business plan for an external audience can look very different than a plan for an internal audience. One of the big reasons you might need a business plan is to get funding. Your potential investor or lender will want to see that you have sound, well-researched ideas with a clear path to profit. A risk-adverse funding partner may want to see that you’ve done all you can to reduce risk of loss. A speculative investor may be looking for the potential for big returns. Even if you’ve established that you are doing a business plan for the purpose of getting funding, you still need to know what’s important to the person or organization you are approaching.

I suggest that all businesses at least have an internal business plan. It’s important to get all your great ideas and guiding principles out of your head and into a document. This will help you guide your business along and move steadily forward. It doesn’t need to be formal for you own use. If you need to approach someone outside of your organization with your business plan, you’ll need to polish it up and formalize it and maybe even create a different version for different purposes. If you start with an internal document though, you’ll be helping your business and have a great foundation for the day when you need a more formal plan.

Reduce stress and be more on top of things with one change to your to-do list

Lower your stress with a small change to your to-do list

Even I was a bit skeptical at that headline and I wrote it! However, it is true I promise! The one thing I’ll tell you about is really simple too. It has to do with assigning priorities in your to-do list.

I recently switched over to an online to-do list manager called Remember The Milk. One of the many great features is that you can assign priorities to your to-do items with choices of 1,2,3 or none (priority 1 shows on top of your list). I hadn’t been using priorities in my two most recent systems and didn’t want to get too complicated so I stuck with just using priority 1 or no priority. My rule for deciding whether to prioritize something was either it had a fixed deadline with a high penalty for missing (e.g. paying a bill or sending my newsletter) or it was just something important to me (sweeping up the dog hair from the floors). What started to happen was that in my two levels of priority, many things got put in priority 1. So many items were in priority 1 that I began to fall behind and had to start triaging even my high-priority items. This is where stress comes in – it’s very stressful to look at a big list of priority 1 items, know you can’t get to all of them and have to start deciding which to do and which to leave undone for now. It’s also a big waste to spend time and energy deciding what to do because you haven’t maintained your to-do lists in a way that supports you getting things done.

What I did, and this is the big secret today, is to change my criteria for priority 1 into only things that carry a substantial penalty for not being done on time. To support this, I added a middle layer of priority for things that don’t have to be done by a specific day but I that I don’t want to leave indefinitely either. Sweeping up the dog hair falls in here – it doesn’t have to be done today, but I can’t let it go for too long and maintain a sanitary living space. In contrast, sending my newsletter is a priority 1 because it reflects badly on me and disappoints people who have placed trust in me to send it late. The big temptation is to load too many things into priority 1, which takes me back to the original problem. It’s been helpful to have a rule to determine if something really belongs in priority 1.

The big stress relief comes from looking at my to-do list and seeing just 2-5 items that are priority 1 for today. It’s a small universe, it feels do-able, and lets me know in a glance what has to be done today. Everything else is optional. Having things laid out this way is great for really busy days – I can crank through the “must do’s” and even there’s dozens of things that don’t get done I know without a second glance I’ve done what has to be done today.

You can apply this with almost any system you use. Every electronic to-do list manager I’ve ever used allows you to assign priorities and you could even do this with paper so I encourage you to give it a try. It’s done wonders for me, and less stress equals more and better quality work.

Do you have any to-do list tricks you use? Tell me about them in the comments.