Should solopreneurs say yes to every opportunity?

Strategy helps solopreneurs choose events wisely
Think strategically when choosing which events to attend for your solopreneur business

I was with a friend over the weekend, and she mentioned an event that she was going to and thought I’d be interested in attending as well. She had told me about it a few years ago and I checked it out and decided it wasn’t for me at this time. When I told her so, she was absolutely stunned! Here she was, presenting me with what seemed like a golden opportunity and I was turning it down. Her thinking was that my business must be at capacity or otherwise I’d be going, but that wasn’t my reason.

The reason I wasn’t going comes down to the #1 thing business owners must have to succeed: strategy.  Strategy is everything in a business. It means that everything you do is intentional and has a purpose that contributes to your success. For live events, strategy doesn’t mean going to any and every event that is open to you and hoping that it will help. Strategy means having a specific aim in mind for attending events, and a specific type of person you want to meet. To show how having a strategy guides decision making, I’ll tell you why I turned this event down.

For my business strategy, if I’m going to an event to meet potential clients then the event audience should have some correlation to what I do. There should be something about the event that attracts people who have or want their own solopreneur business. The event my friend invited me to was more or less a random assortment of the public. There was no attraction specifically for the people I feel most called to serve, solopreneurs.

The second factor that led to my decision is that this event required 5 to 8 hours on a Saturday plus prep time. This is a massive chunk of time to spend in an untargeted manner. There was also no guarantee you’d actually get any time in front of anyone. The event is run in a very free-form manner, and people may or may not enter your room when you give a talk and they can come and go as they please during the talk. This isn’t conducive to sharing anything of value with anyone.

The final factor to consider is that I live in the Los Angeles area, and there are dozens of events every week. I haven’t even begun to attend all the events I could that would possibly have people interested in what I do. Until I’ve made a considerable showing at those events, it simply doesn’t make sense to go to an event filled with random people.

It’s easy to pulled off course if you don’t have pre-set goals and strategy. Having those in mind helps guide your decisions and give you something to measure your success.

Have you set your goals for the year and your strategy for achieving them? Tell me about it in the comments – I’d love to hear how strategy helps you or if it doesn’t. If you don’t have a strategy yet, let’s talk and start setting one up. Click here to schedule a call with me.

Realigning my solopreneur business priorities

Solopreneur priorities will evolve over time
Your priorities as a solopreneur will change over time

Over the long haul, your solopreneur business will change. You’ll go through phases, changing interests and maybe even a change of focus. Instead of being surprised, try to expect this and know that it’s normal.

On of my ongoing evolutions is how I prioritize my time. I’ve spent many, many hours learning in the last two years. I absolutely love to learn new things, and as a coach and consultant it’s vital to my business that I keep my knowledge current. I’ve sampled the work of dozens of coaches and mentors with both paid and free information. Something has shifted for me in the last few months though. I’ve become impatient and felt a tug to be doing more. When I looked at how I spend my time, I realized that I was spending too much time learning and not enough time implementing. Sound familiar?

Many solopreneurs fall into this trap. Sometimes it’s fear of moving ahead because we think we don’t yet know enough. Sometimes learning can be a procrastination tool – it’s easy to sit and listen to a webinar or recording but actually creating something can be hard and tedious. For me, I think learning is just so exciting and inspiring that I want to do a lot of it because I love it.

When I first started to prioritize learning about 2 years ago, it was the right choice. I did need to up my skill set and knowledge both for my own business and for my clients. There came a point in the last few months though, where I would get impatient during my daily study sessions. It was almost a feeling of “enough already, go do something!”

It wasn’t until I set aside some quiet time and took a look at my time and priorities and did some realigning. The main thing I shifted was to change the balance between learning and doing. Up until now, it’s been mostly learn with a little doing. Now I’m aiming for mostly doing with some learning.

The reality is that you’ll never know everything about running a solopreneur business. There will always be lots more to learn. There will come a point though, when more learning needs to be balanced out with more doing. Continuing to study without using what you are learning will not help your business. I think sometimes the sheer volume of information available to us plays on our insecurities. It seems like since we know such a small portion of what we could know that we couldn’t possibly know enough to run a business. Don’t believe it though!

Have you been learning without doing? Is it time for a shift? Tell me about it in the comments.

Solopreneurs, what’s your theme for 2012?

Solopreneur business owners can focus on one theme for the year
What's your theme for your solopreneur business in 2012?

What is next year about for your solopreneur business?

Like many successful solopreneurs I know, I choose a theme for each year.  Some people pick an inspiring word like growth, action, or fearlessness.  I’ve been choosing one big, overarching area that needs improvement for my big project of the year.  In 2011, my theme was “expand my online business.”  Before this effort, I had a website that functioned as more of an online brochure and newsletter sign up.  I was getting one-on-one clients and group gigs mainly via personal connections.  Beginning in 2010, I began to learn how to use the internet to promote my business.  By the time 2011 rolled around, I was ready to get to work.

It’s been a great year and I’m really happy with the results.   I’ve got a full website that functions well, my online presence is fleshed out and ready for more, and I’m finishing my first information product that will be sold from my website.   Mission accomplished!

Even though I help others improve their business, I regularly get help too!  Nobody can be as successful by themselves as they can with the guidance of a coach or mentor.   Expanding my online presence was something I definitely wanted help with and I used two main sources for that help.

The first person I got help from was Kathleen Gage in the form of her 1-year Street Smarts Marketing VIP Club.  You get one lesson a week covering just about everything you need to know about online marketing, and the lessons build on each other.  At $27 per month, it’s very affordable and the value is great.   If you’re interested, here is the link: Street Smarts VIP Club.

The other person I got help from is Alicia Forest.   I first purchased her “21 Easy and Essential Steps to Online Success” in the spring.   This is like a handbook for setting up the online part of your business.  I had so much success with that program that I attended her live event the “Online Business Breakthrough Workshop.”  This was an inspiring, motivating, action-oriented 3-day workshop where we learned in-depth strategies to building an online business.   By the way, I’m an affiliate for both Kathleen and Alicia since I love their work so much.

2012 is the year of my signature system.   I first sketched out my unique signature system at the Online Business Breakthrough Workshop in the fall.  Since then, I’ve added lots of details as they come to me, but this year the goal will be to write all the text and have it for sale.  Once that happens, I’ll probably add some more products and programs that use my signature system.  If you’re curious, my signature system lays out the steps to set up a successful solopreneur business, i.e. to take what you know and make a profitable business with it.

If you’re not familiar with the idea of a signature system, it’s a way to package the knowledge you use with every client.  Some of what you do is unique to each individual, but if you give it some thought, you’ll probably find that you say and do some of the same things with each person you work with.   It was really enlightening to discover those steps in my work.   Now when I’m working with someone, I can often see more clearly what they are missing in their business.

If you haven’t already done it, why not pick a them for 2012?  I’d love to help you with this – click here to schedule a Quickcall with me.  If you have a them for 2012, share it in the comments.

Internal deadlines help with solopreneur time management

Internal deadlines can help solopreneurs get more done
When working alone, solopreneurs can create their own deadlines

I was working on a sales page for a product I’ll be introducing soon, and was reminded again of how important it is to use internal deadlines for projects that tend to creep. You see, I took an amazing copy writing and marketing course last year and wanted to apply all the elements of the thorough process I learned. But that would have required 1 or 2 days of work and this is a very low-priced product. I though about slapping up a quick few paragraphs but that didn’t feel right either. I decided on a deadline of 1 hour for an initial draft and committed to using just some of the techniques I learned not the entire process, and low and behold I finished it.

What is great about internal deadlines, whether they are a date or a length of time, is that they force you to access how important a project is and how much income potential it has. In my case, I realized that I would have to sell a lot of copies of my product to make those extra hours spent writing copy to pay off. Sure, my less-polished copy probably won’t sell as much as really great copy but I’m betting that I’ll come out ahead with my approach.

When I started this project, I quickly saw myself slipping into a quagmire of continuous improvement but never getting done. With some projects, you have a clear idea of “done” but with something like this the temptation is to keep investing time because it keeps getting better. At some point, you have to look at the trade-off of quality and time and see if it’s really worth it. Will 5 more hours spent generate enough additional sales to make it worth it? Often, the answer is no.

This is valuable for almost any project. Start with a clear idea of what you hope to accomplish by doing the project and then decide how much time is appropriate to invest in it. Make sure the time is proportionate to the benefit, then stick to your limit. You can always go back and put more time into something and make it better, but once time is spent it’s gone. Don’t overestimate how much impact something will have and invest too much time in it. At the same time, don’t do a half-baked job on something critical. In this example, I spent a lot of time on the actual product because people are paying for it and I want them absolutely wowed. But the sales letter? That needs to be good enough to communicate the value of the product to the people for whom it’s right. It doesn’t need to win awards or be the best ever.

What do you spend too much time on? Come on, be honest and tell me about it in the comments.

The biggest asset in your solopreneur business

Lots of self care isn't indulgent for a solopreneur, it's a business must-do!
Good self care is a must to be a successful solopreneur

Sometimes I post about things that aren’t strictly business.  It may seem that this post is one of those times, but I can assure you it is related to your business even if it’s not “strictly business.”  As a solopreneur, you ARE the business even if you have help.  As a result, your biggest business asset is you.  As a business coach and consultant, I’d be remiss if I didn’t advise you to care for your biggest asset.  So, today’s post is about self-care or insuring your biggest business asset continues to create prosperity for you.

2011 was a turning point in my own self-care. I got much clearer on what I need to do to feel great, and made strides toward accepting that I’m a little “high maintenance.” By high-maintenance, I mean all the things I need to do in order to stay healthy, active, sharp and productive, which is a lot! The details of my self-care regimen are not that interesting, nor are the relevant to what you need but the basics include sleeping, eating, physical activity, relaxation, socializing, fun and maybe a few more.

For most of my adult life, I tried to skimp on these things. After all, you can get yourself an extra hour or two a day by skimping on sleep. Grab a convenient, processed something in a wrapper, eat it in your car and save some meal time. Even the gym, which I love, was a place to cut corners. I spent years trying to get by on less self-care, and what I did do I resented as a “waste” of “valuable” time.

This year, just for an experiment, I decided to practice radical self-care because what I was doing wasn’t working well. To me, that means striving for what will make me my best, not just what will enable to drag myself through the next day. Some examples of this include planning to be in bed early, taking breaks during the day, not missing my workouts, and taking more time off than I used to.

It hasn’t been easy.  Like most people, I have more on to-do list than I’ll ever get done so every day I’m making decisions about what to leave undone so I can take care of my well-being.  Of couse I want to stay up later than I should (2 year olds everywhere, I sympathize!).  I want to spend less time preparing and eating food.   I wish I didn’t have to stretch every day to feel good.  This is where the acceptance comes in – what you need to do to be at your peak is not disputable.  Whether you accept this and act on it is up to you. It’s also about priorities – is what you are doing instead more important than making sure you live long and well?

Caring for yourself isn’t self-indulgent or a luxury if you’re a solopreneur. Caring for yourself fills your tank so you can do the work the world needs of you. You can’t fill someone’s cup if your pitcher is empty.

In what ways can you take better care of yourself? Leave a comment with something you want to do.

Make the most of a slow holiday season

Solopreneurs can use the slow holiday time to get ahead
How to use the slow holiday season in your solopreneur business

Now that December is officially here, a lot of us will see a slow down in business.  Events aren’t happening as much, clients aren’t as available and it takes longer to get a response from someone.  So what’s a solopreneur to do?  Believe it or not, lots!  There are some specific things you can tackle right now to set the stage for a great next year.  Imagine waking up on that first day back to work after the new year begins and being ready to jump right in!

Last year, I wrote a series on just what to do at this time of year to prepare for next year.  Click here to read part one of the series, and then follow the links to parts 2 and 3.

Click here for part 1 of the series “How to make the most of holiday slow time.”

In the comments, tell me some of the things you do at this time of year to prepare for a great next year.  I just may try your ideas out!

Maintenance vs. Expansion tasks for Solopreneur Businesses

Solopreneurs have to both grow and maintain their business
Maintenance vs. expansion tasks for solopreneurs

As a solopreneur, there are a lot of tasks that need to be done just to keep the business running.  These include things like answering emails, filling orders, posting to social media, blogging, etc.  There are also tasks that build or expand your business to the next level of sales.   Expansion projects need to be carefully nurtured and kept in the forefront of your awareness so they keep moving ahead.

The problem with expansion projects is that we humans have a strong tendency to want everything NOW!   We see other people with much fuller business structures than our own, and know we could thrill all the new customers we’d get if only we had all those things in place.  Add to this the almost addictive pull we entrepreneurs feel toward new ideas and we have a recipe for getting nothing done.   We may have many grand, beautiful projects in the works but nothing is actually done and making money.  An expansion project is done once it’s part of your maintenance routine.  For example, if you decide to add video to your marketing, you’ll need to do the initial set up on various sites, get familiar with your camera and the upload procedure, craft a strategy, etc.   Once you are in the groove of shooting and uploading video, it’s just another maintenance task.

I often work with solopreneurs who are in the midst of several big expansion projects.  I have done this to myself before.  The key thing is realistic limits on what you can do.   Ideally, take on just one expansion project at a time.  Complete it, tweak it, optimize it and then put it neatly to bed by adding it to your maintenance routine.   If the projects are small or are prone to stopping and starting because of other people, then you may need more than one expansion project going on all the time just to keep moving ahead.  You may also want more than one if you get bored easily or if the project has a lot of boring parts.  It may help keep you motivated if you only have to work on the boring parts for a short burst of time every day.

The thing to avoid at all costs is to take on more expansion projects than you can handle.  If your business isn’t project management, then managing and juggling many projects should not be a huge part of your day.  Take it easy on yourself and build your business in a healthy, sustainable manner.   Think marathon, not sprint.

Have you ever bitten off more than you could chew in new projects for your business?  How did it work out?   How did you handle it?  Leave a comment and tell me about it.

Managing your time and focus

Time management is a hugely popular subject for small and solopreneur business owners.  Not only do we have to manage time well, but we have to manage our

Time management and focus are critical for solopreneurs
Time management is the beginning of being a great solopreneur

tasks as well.  A concept I find helpful is what I call “bandwidth,” or how many different balls I can have in the air at a time.  Good time/task/project management lets you take advantage of moments when one project stalls to get to work on another or when you just need a change of pace.  But how many simultaneous projects is too many?

Like most business owners, I always have a lot of things happening and lots more in the wings waiting to happen.  In my case, those additional project stay queued up until I’m ready to take one out of “waiting” mode and into “active” mode.  I usually pick the next project to add to my active list when I’ve finished something or simply feel like I’ve got enough spare bandwidth for another project.

I’m pretty on top of my tasks and projects and have a robust system for tracking them.  Even so, I find I can only stay on top of a few projects at a time.  If I stack too many current projects up, I start to lose track of details, things start to slip and the switching time to go from project to project becomes to great.  If I’ve got too many projects, each time I switch to a new one I need to re-immerse myself in it and that wastes a lot of time.  Bandwidth isn’t just about time, it’s also effort, attention and focus, all of which are valuable, finite resources for a solopreneur.

Can you increase your bandwidth?  Absolutely!  Start with some organization and basic good habits for managing your time and tasks.  Study what’s been written on the subject and try what appeals to you.  Make sure to note what works and what doesn’t work so you can continue to improve.  Be open to changing you system as your life changes or just when you need a change.

As a solopreneur, it’s important to use all of your resources wisely but how you allocate your bandwidth dictates what gets done and what doesn’t as well as how well things get done.  It impacts how much time you waste vs. use wisely.  It effects how much peace of mind vs. stress you feel.  If you can strike the right balance between not enough and too much, you may find your creativity and drive increases.

Using an automated scheduling tool

One of the biggest time wasters in business is going back and forth to try to set a meeting time.  It’s bad enough with just two people, but add a third person or

Solopreneurs can schedule meetings with automated tools
Easy meeting scheduling for solopreneurs

even more and it can take hours of time spread over days just to schedule a simple meeting.

What I found is that someone would want to schedule with me “in the middle of next week.”  I would email my availability on Tuesday, Wednesday and Thursday and wait to hear back.  In the meantime, since I offered those times to someone already I was unable to offer them to anyone else in the meantime.  I might even have to put the next person wanting to meet with me on hold.  You can see how this one thing could bog down several people for days.

What I switched to was an automated, online scheduler where people who want to meet with me get a link to a page where they can see my availability and book an appointment on the spot.  I cannot tell you the hours this has saved me over the last year and a half and I get lots of positive feedback on how easy it is to use.

I researched several tools for automated scheduling, and tried one other before settling on Timetrade.  Here are a few things I like about Timetrade:

  • You can set up multiple types of “activities” that people can schedule and when you send them to the page for that activity they can only schedule that activity.  In other words, if you are working with someone in half-hour phone sessions they can only schedule a half-hour session not more or less time and not an in-person meeting.
  • Your guest does not need to create an account to use your scheduler.  He or she will be asked for an email address for the purpose of an email confirmation.
  • Your guest sees your availability in real time but does not see any details of your other appointments.  Timetrade syncs to Outlook and Google calendar (my choice in calendars) so once you schedule an appointment on your own calendar your availability is automatically updated in Timetrade.
  • Once your guest books his or her appointment, it is confirmed for both of you so that there is no need for back-and-forth communication.
  • Time zone differences are handled automatically based on the settings on the computer used by each person.  Each person gets the time in their own time zone.

Getting used to an online scheduler took some time and effort.  People can book appointments with me any time, so I always have to be on top of that.  If I want to go to the gym on Monday afternoon, I have to put that in my calendar so nobody can book an appointment in that time.  If I’m done an appointment at 3:00, the scheduler sees that I’m free at 3:00 and may offer that time to someone.  I have to remember to put in some extra time so that I don’t have another appointment until 3:30 or so.  I don’t always like last-minute appointments or jam-packed days, so I have to remember to close my day if I don’t want any more appointments.  Overall, the adjustment was not that hard and the payoff has been huge.

Timetrade is just one of several dozen resources I share in my Solopreneur Success Rolodex.  You can get a copy of my rolodex as a bonus with my system “The ABC’s of a Successful Solopreneur Business.”  Grab your copy here.

How do you handle your scheduling?  Do you use an automated scheduler?

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?

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