You are currently browsing the archives for the Business category.
- 16/05/2012: Are you too Realistic?
- 01/05/2012: How Big is Your 'But'?
- 16/04/2012: Are You Too Busy?
- 31/03/2012: Do You Care Too Much?
- 05/03/2012: Be More Like George Clooney
- 06/02/2012: Your Big Investment
- 22/01/2012: Does your Ego rule your World?
- 20/12/2011: The Benefit of Worrying
- 05/12/2011: Are you Marmite?
- 01/12/2011: Water, Water, Everywhere!
Archive for the Business Category
Your Big Investment
06/02/2012 by Ann.
When you look at how much money you spend, and I mean on everything. How much exactly do you invest in yourself?
I’m not talking about clothes, beauty products, shoes, jewellery or meals out: I am talking about your investment in your personal development.
I’m asking because, as you read this newsletter, I will be in the air on my way to Salt Lake City for David Neagle’s ‘Breaking Free Live Experience’.
I’ve taken a couple of David’s programmes in the last eight months and this is the first time I will be seeing him in person.
I must admit Salt Lake City is not the easiest place to get to from the UK and I will be spending more time at Denver airport between flights than is probably healthy, but I was absolutely determined to experience him in the flesh so to speak, as he has changed the lives of so many people.
Every since I began my coaching training I have invested tens of thousands of pounds/dollars on courses to expand my knowledge in all kinds of areas.
My latest purchase is in HBR (Holistic Belief Reprogramming, which is a form of EFT/Tapping) via the fabulously named Erika Awakening. I just love Erika; she is a no-nonsense kind of gal who, on her Facebook group, is great with the tough love approach and she won’t stand for any excuses! This means you have to step up and really take a good look at yourself – not always easy when your ego wants to run away from your issues. If you want to know more about Erika and what she does you can use my link to go to her website and take a look around:
https://erikaawakening.com/dap/a/?a=146
In 2010/11 I not only did the David Neagle courses, but training with Kendall Summerhawk and Elizabeth Purvis and of course I am currently working one on one with my own coach, Lisa Farr, here in the UK.
Being totally honest, this was quite a push for me, especially as I spent so much time out of action with my injury last year and not earning any money, but it is important for me to keep developing myself in order to help my clients (and it isn’t only my clients – it helps with all my relationships).
In the past I have worked for companies who spent little or no money on their staff development. What a loss to them and their staff. When I set up my own business I made it a priority to keep investing in my training, no matter what.
How much do you value yourself and how could investing more in yourself get you closer to a life that you love and the person you really want to be?
If you are stressed, anxious, worried or just generally feeling restless and in need of something more in your life, start taking action now and step up to investing in yourself.
Oh and by the way, saying ‘I can’t afford it’ is unacceptable. If you really want something enough you will find a way to afford it – how else do you think I managed to get myself to Salt Lake City?
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Does your Ego rule your World?
22/01/2012 by Ann.
When it comes to new opportunities, which of the following best describes you?
A) I love it – new opportunities mean I can grow my business and/or myself.
B) I consider the options and if it is going to benefit me and then decide.
C) I prefer to stick with what I know.
If you answered ‘C’ you may really be missing out on reaching your goals and achieving a life you love.
Seth Godin has written on his blog about the Lizard Brain, which is really another word for the Ego. The Ego loves to keep you safe and secure and it constantly seeks reassurance. Seth uses a great example of constantly checking for your plane ticket when you leave for the airport, even though you know you have it in your pocket.
The thing is, often new opportunities don’t come with any guaranteed reassurance any more than life does. Just because the sun has risen every day of your life, it doesn’t mean that it will tomorrow. It is highly likely, but, there are never any guarantees and this is where the biggest challenges come for all of us. As children we are reassured by our parents and, as parents, we tell our kids that ‘everything is going to be fine’. We cannot guarantee that: it is a great statement of hope, which is wonderful, but relying on guarantees like this just feeds our Lizard Brain, which constantly questions things.
The Ego is desperate to keep us safe, so doesn’t like change at all: why else do people stay in abusive relationships? The Ego wants to stick with what it knows, because it can deal with that as it has done it in the past. A new future is far more scary for the Ego, even if it means that things could get so much better.
The majority of us are not in abusive relationships, but the Ego is great at keeping us in jobs that we hate and bodies that are ailing because we don’t take time to look after them, and it is easier to sit watching TV than to get up and do some exercise.
The Ego may try to convince you that it has your best interests at heart, but all it wants to do is sabotage new opportunities and stay in a place where it doesn’t feel threatened.
The next time an opportunity comes up for you ignore the Ego and what it is whispering to you and, instead, ask yourself David Neagle’s four questions:
- Is this something I want to be, do or have?
- Will being, doing or having this bring me closer to my goal?
- Is being, doing or having this in line with Universal Law? (More life to all)
- Does being, doing or having this violate the rights of others?
You want to answer ‘Yes’ to the first three questions and ‘No’ to the fourth in order to go ahead.
Use the four questions whenever new opportunities come up and to stop your Ego getting its way and keeping you stuck where you are and see what happens!
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Are you Marmite?
05/12/2011 by Ann.
For the uninitiated, Marmite is a yeast paste, made out of the by-product from brewing and has a distinctive salty and vinegary flavour. It is known as Vegemite in
Due to its strong flavour its strap line is ‘You either love it or you hate it’. I have to be honest and say I don’t like it but I know plenty of people who love it spread on toast.
So why am I talking about a food product?
It’s very simple: when you are in business you have worked hard on the product or service you are offering to make it the best it can be. You have spent hours tweaking it, making it better, getting feedback from clients and friends, doing surveys even.
This means that you often have a big emotional attachment to it: after all this is your baby and you want everyone to love it as much as you do!
But all products and services are to some extent, like Marmite. Some people will love what you are offering, others will be a bit indifferent and yes, some will hate it!
I think that is a really good thing: wouldn’t you rather inspire a strong reaction in people than a mild interest or even indifferenceI’ve worked with some top mentors and even they readily admit that not everyone likes their style! There are millions of potential customers out there, so it doesn’t matter if some of them choose to go elsewhere: think of Coke and Pepsi, neither of them are struggling to attract customers (and I dislike both – I doubt either company is losing any sleep about that!).
The thing is, you are here to serve the people you need to serve; those who will benefit most from your offering, and the rest is really none of your business, it is somebody else’s. There is room for everyone, so keep focussing on the people you were meant to serve, who you love and who will love you back for what you do for them.
See, it really is simple!
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Do You have the One Per Cent?
22/11/2011 by Ann.
I was reading an interview in a Sunday paper the other week in which Richard Branson and his mother, Eve, told of his upbringing.
The one thing that stood out for me in this came in the following words of his mother:
‘The thing about Richard was that, 99% of the time he was pretty hopeless, but he always had that 1% spark.’
When you think that she is talking about one of the most successful businessmen that the
Let’s face it, Richard was not academic and only began doing better at school after he damaged his knee playing rugby and was unable to play sports as much as he used to. This meant that he finally knuckled down to some work, but he didn’t go on to University as you might have expected.
Successful people don’t always come from privileged backgrounds either and you only have to look at someone such as Oprah to see that. Despite all the disadvantages she had, she has become hugely successful.
You see, there are no real limitations when it comes to success; your ability to succeed really does depend very much on mindset and your belief and motivation to do what it takes, as we spoke about a few weeks ago, in relation to Paul McKenna and Anne McKevitt.
The question to ask yourself is ‘Why not me?’
Others will try and give you plenty of reasons why you can’t, and your job is to focus on what you want and to do everything you can to fulfil your purpose.
In just the same way that you have no right to make decisions on behalf of others (e.g. what your clients can afford to pay you) then you are the one who has the right to decide your own path in life.
What are you going to do with your one percent?
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What’s Your Hit Rate?
08/11/2011 by Ann.
I was reading an interview with Gary Barlow (best known for being the main singer and songwriter in boy band Take That and now appearing on the
‘Wow’ I thought. That changed a lot of stuff for me: certainly it spoke to me about perseverance and also knowing yourself and your market.
It told me that
It also made me wonder if
What I was most taken by is the fact that
It’s the same for your business: Ali Brown once said that when a product for her business doesn’t sell as much as she anticipated, she knows that is because there is something better that is going to come along, and this is just one of the steps to getting there.
It is very important to remember these two stories from highly successful people when you are working on your business. You may not get it perfect this time but you have endless opportunities in the future and it is this perseverance that will bring you success. As David Neagle says ‘People don’t fail – they choose to quit!’
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Who is your Inspiration?
27/10/2011 by Ann.
Inpiration comes in all shapes and forms, but it is great to have someone to inspire you.
I remember when I was younger (and mad about horses) being inspired by various people. Ann Moore and her horse Psalm were my absolute idols and I was very lucky that she answered all my letters about her horses.
When it comes to transforming your life into a business that you love and which rewards you on many levels, who do you think of?
I have two people that I find absolutely fascinating: Paul McKenna and Anne McKevitt (strange they are both ‘Mc- something!). I find their stories absolutely inspiring as they have really transformed their lives.
Paul McKenna runs a very successful coaching and hypnotherapy business and has sold many CDs and books around themes such as ‘I Can Make You Rich’ and ‘I Can Make You Thin’. His work uses hypnotherapy as well as NLP techniques, and he has positioned them without any of the jargon. Instead has has relied on the results he gets by using them in his work with clients.
What I find fascinating about Paul is that I remember him from when I was in my twenties. Do you know what he was doing then? He was a radio DJ on a London station called Capital. He just disappeared one day and then, a few years later, was doing a stage act based on hypnosis, before transforming into one of the best known life coaches with many appearances on popular television programmes.
Let’s look at Anne McKevitt. Anne is a highly successful entrepreneur and philanthropist who has worked with top business people such as Donald Trump and Richard Branson and advised various governments. She also runs a millionaire’s club to take people to the next level. She resides in Australia and has mentored other top coaches such as Ali Brown.
Now I remember Anne as someone who grew up in a very poor part of Scotland and I first came across her when she was a presenter on a television programme called ‘Home Front’ which would do house makeovers.
Anne left the show to go to America and I heard nothing about her for years. In fact not until I was listening to a call with Ali Brown and heard Anne’s name mentioned. I went investigating what she had been up to on the internet and boy, was I impressed!
Despite their pretty humble beginnings, Anne and Paul have gone on to create amazing businesses around their passions and to earn millions from doing so. Now, I imagine some people cannot believe what they did and probably discouraged them from taking risks in giving up their earlier careers, yet they both were focussed and followed their path.
It is exactly the same for you and me: no matter where we are in our businesses it is important to know that we are doing what we want to do, and that we have to continue to do so and ignore the people who want to keep us in the place where they feel most comfortable.
Anne is my current big inspiration: she has let nothing stop her, not even a serious injury, and I keep thinking about her when I focus on what I want for my business. There is no one that I can think of that hasn’t had to face adversity and set backs in their business to get to where they are today (Richard Branson, David Neagle and Kendall Summerhawk are others that also inspire me).
Who is your inspiration for your business?
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Lose Focus, Lose Customers
12/10/2011 by Ann.
One of the main things you need in your business is focus and that applies to your customers. You have to know who you are speaking to and what they want or else you could be heading out into choppy waters. Take a look at the example below:
Max Factor produces make-up and Twinings make tea. These are two very different markets and two very different sets of customers. It would seem though, that Max Factor has a better understanding of its customers than Twinings!
The make-up market is fast moving: barely a week goes by without a new mascara or foundation coming out and Max Factor has probably produced more foundations than most other companies over the past five years.
Max Factor realises that they are selling the beauty ‘dream’ and that the technological innovations in skincare can be used to their advantage. Their customers want the latest developments in the laboratory in their hands as soon as they can, because they are all about looking and staying young and youthful; by default that means that time is not on their side. Their customers get excited by the newest foundation and cannot wait to try it. Their products are directly connected to the latest fashions and trends so they have to keep moving forward and updating their offering.
Twinings is a UK company that sells tea. Tea is a tradition and various blends have endured throughout the years. That’s not to say that new blends have been ignored: they can be introduced alongside the traditional teas, but it is the core teas that form the loyal customer base and, for most of these people, they want to consume a product that delivers time after time (or cup after cup) with no deviations.
Twinings unpublicised changes to one of their most popular teas, Earl Grey, has turned into a marketing disaster. Most customers are asking ‘Why change something that is much loved and needs nothing done to it?’ It is being likened to the ‘New Coke’ debacle. Sure, introduce variations (Lady Grey, Lavender Earl Grey, Decaffeinated Earl Grey) but don’t mess with your lead product. To make matters worse, it is only in the UK that the new blend was introduced, thus annoying its most loyal customers even more. Hundreds of comments on their website leave you in no doubt that the new blend has not gone down well with the palates of those who have drunk Earl Grey for years, and that customers are voting with their taste buds and switching brands. Twinings is a premium brand and people are not going to pay a premium price for a product that they now consider sub-standard.
Understanding the profile of your customers and what they value is key to your product development strategy and to maintaining your brand image. Max Factor seems to have understood this far better than Twinings and, like the other Earl Grey fans, I have binned the new blend and voted to take my money elsewhere. After twenty-five years, Twinings have managed to destroy my customer loyalty, and that of many others, in one disastrous decision.
It doesn’t matter if it is a product or a service you are supplying: the same principles apply and you need to be sure you fully understand what motivates your customers in order to maintain a profitable and rewarding business.
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Act the Part
26/09/2011 by Ann.
It’s tricky when you first get started in business; you often feel like a fraud and everyone, simply everyone, seems to know how to do it better than you.
Or do they?
Perhaps they are just better at acting than you are?
One of the best ways of developing confidence is acting ‘as if’. So, as a coach, you would act as if you are the best coach in the world, or as Kendall Summerhawk suggests to her clients: ‘Ask yourself what a millionaire coach would do’. Just insert your chosen profession for the word ‘coach’ and see what a difference that makes.
The main thing to remember is that everyone had to start at the beginning; and that includes Richard Branson and Oprah. They had to learn how to run a business and made mistakes along the way, but they had the belief in themselves and the passion for their business to behave in a way that made the people around them believe that they could do it.
I’m going to be blunt here; women are great at apologising for lacking experience, talent, etc. This is where you need to use a more masculine approach and focus on your talents and what you are great at, not focus on what you are not so good at. False modesty never made anyone a great success.
So, act as if you are already the most successful business woman/man in your area. If you are still struggling think of someone who you really admire and ask yourself the question ‘What would xxx do?’ By taking the emotion out of it, and focussing on someone else, you begin to feel and act in a more confident way and your belief increases which makes you more attractive to your prospects. It really is that simple.
Start doing that today and notice the difference it makes to you and your business.
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When Blocks are Good
23/09/2011 by Ann.
Most of us believe that blocks are a bad thing; they stifle our creativity and stop us from achieving what we want and, to top it all, they are really frustrating and drive us crazy! But, there are times when blocks are the best thing that can happen to you.
Not convinced? Perhaps that is because we are talking about different things!
The blocks I am talking about are blocks of time where you get to focus on ONE THING and I mean just that. No distractions with Twitter, Facebook, emails or telephone calls. Instead you take yourself away and work on just one thing that will be of benefit to you. It may be calling potential clients or focussing on the copy for your website.
In fact it is something I have started doing in recent months myself. Rather than pen a newsletter whenever I need a new one, I set aside some time (usually when I am up at my mother’s) to write as many as I can in a few hours or, over a couple of days. You see that fits in perfectly with what is going on for me and I can shut myself away upstairs and just get on with it. In fact you can use other multiple blocks of time as real opportunities:
A few weeks ago I was waiting for my car to have its brakes checked. I was on an industrial estate, so there was not much entertainment close by and it could have been a little frustrating. However, I didn’t watch the TV in the reception area or read the paper. Instead I brainstormed titles for my newsletters which would inspire me to write about a particular subject and came up with over thirty in that space of time. That task meant I now have lots of titles to choose from when it comes to writing my newsletters, so I have no excuse not to take action and get down to it.
I know some people who go away on short retreats to get stuff like this done. If you find writing a challenge then you may need to have a more inspiring location around you to get the best out of you and keep you on track.
However, sometimes you just have to do it! No excuses, no procrastination and most of all, no distractions.
Even on a day-to-day basis, blocking out periods of time is a much more productive way of getting things done.
So what are you going to do today?
Ann
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Too much Competition?
29/08/2011 by Ann.
One of the things that freaks entrepreneurs out more than anything else is competition.
It brings out all the ‘What if’ statements such as:
What if they are better than me?
What if there aren’t enough customers to go round?
What if my clients go to my competitors instead?
What if they are cheaper than me?
You get my drift!
So let’s bust all those myths once and for all:
1. What if they are better than me?
How do you know and why do you care? Focus on your target market and do all the things you need to do to help you grow yourself and your business; attend training courses, get a coach, get business advice. Keep learning!
2. What if there aren’t enough customers to go around?
I live in
Consider coffee shops: how many of those have sprung up near you in recent years? Did it stop at one of the major chains? I thought not! Your ideal customers will stick with you if you are supplying what they want. I always go to my local Italian coffee shop as I love the staff and the atmosphere as well as the coffee (OK, I really mean the cakes!)
3. What if my clients go to my competitors instead?
Then all that means is that they are not the right clients for you! Focus on targeting people who you really want to work with and accept nothing less. Sure sometimes people move on, but this could be because they need something different from what you have to offer and that is fine; if you sell Ford cars and your customer decides it is time to upgrade to an Aston Martin, then you are not the car supplier for them. People change all the time, so this frees up space for someone else to come into your life and give you their business.
4. What if they are cheaper than me?
What if they are? People who buy on price alone are always changing suppliers so they are not the kind of customers you want! They tend to be demanding and always asking you for a discount. Let someone else deal with them. Price your goods and services based on quality and value. Focus on people who value what you have to offer enough to pay you for it, because they can see the benefits they are going to get from coming to you.
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