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Finding Comfort In The Danger Zone

As a business owner, you’ve got problems that need to be solved and quickly. From inconsistent sales to staffing conflicts to inadequate cash flow, all managers face unique concerns daily.

One of the keys to entrepreneurial success is differentiating between everyday challenges and actual threats. By identifying the top dangers to your enterprise, you can formulate a plan to eliminate your fears and fast track your business.

Start by asking yourself, “What are the “2 a.m. issues” that keep me awake at night?” Are they based in fear, such as the specter of losing something? Are they rooted in uncertainty, such as worries about the economy? Or do they simply concern your ability to manage your time and resources?

Failure to build long-term equity in the business, growing too fast and maintaining poor balance between life and work are all common concerns. But deciding which ones are challenges and which ones are dangers takes finesse.

Challenges are tasks or situations that test your abilities. Dangers are anything that can potentially cause harm or injury.  While challenges can be overcome with a solid understanding of the problem and proper planning, tackling dangers often involves determining whether or not you can handle a degree of risk.

While facing your fears may be difficult, it actually helps provide a framework for strategically assessing those factors you can control and positioning your business to maximize its strengths. Listing out these dangers is a great way to think logically about how to offset or overcome them.

So instead of lying awake at night, fretting about how government regulations, taxes and poor sales might affect your bottom line, channel your energy into focusing on what you can control: your strengths and opportunities.

Once you’ve identified these factors, consider what excites you about your business by reflecting on the outcomes that become possible if existing dangers are eliminated. Some examples include: predictable income, improving your own leadership and delegation, a value-driven sales process to increase profitability, developing and recruiting new talent, more time for yourself to enjoy leisure activities, and being more strategic in your short- and long-term growth plans. Your opportunities should be associated with the excitement of gaining something.

Next, take a look in the mirror – what are your current talents, capabilities, and skills that you would like to reinforce and maximize in your business? Some ideas are: I have a strong community, peers, and circle of influence; my work ethic will not let me fail; I have strong management and motivational skills; my clients see the value in my products or service; and I am open to learning new ways to change the way I work in and on my business.

By objectively identifying your dangers, strengths and opportunities, you’ve started the self-analysis process that’s crucial to help you and your business grow.


5 Tips For Making The Most Out Of Your Time & Money

As a small business owner, your occupation is important to you. But should the health of your business take precedence over your health and personal happiness?

Nearly 4 in 10 small business owners are working more hours per week than they were five years ago, thanks in part to a culture of connectivity. Smart phones enable us to communicate from nearly anywhere, and modern business protocol dictates that we respond promptly to inquiries and messages. Employees are in contact over the weekends, and customers are only a click away via social media.

So, when exactly does one draw the line between personal and professional lives? The answer to finding a successful balance, experts say, is picking your priorities and sticking with them. Establishing boundaries and building a schedule that allows for both work and personal life is crucial to avoiding burnout and maintaining relationships with friends and family.

As one entrepreneur puts it, “Figure out what is most important, and say no to everything else.”

Here are five tips for making the most out of your time – and money.

1. Keep a daily calendar – around the clock

Your business hours may be 9-5, but often the real work gets done after hours. Utilize a personal planner to schedule all of your tasks, even in the evenings. By being mindful of your calendar, you can more easily shift your responsibilities into another time slot if something pressing pops up.

2. Welcome to the machine

We may not have robot butlers to perform our daily tasks … just yet. But you can automate many tasks such as accounting, invoicing and paying bills just by using technology. A host of great apps and software programs are available to increase efficiency and help you make money. Check out www.waveapps.com to explore the world of automation apps and business performance software.

3. Get creative with eating, sleep and exercise

For your body to perform at its peak, there are some things you can’t skip. But with employees to manage, clients to handle and bills to pay, it’s tough to find the time. That’s when it’s necessary to get especially clever. Do what it takes to look after your health, whether that’s scheduling a 15 to 20 minute power nap after lunch, exercising on your lunch break, or negotiating a service exchange with a local healthy eatery.

4. It’s your business. Not your entire life.

There comes a time when being too connected can be a bad thing. To help avoid burnout, to set aside “offline” time to recharge your batteries and generate new ideas. Finding time for fulfilling, peaceful activities such as a walk in the woods or a spa session has been shown to have a considerable effect on your emotional and mental balance.

5. – No regrets, No reservations.

It’s easy to focus on how little time you have … instead of making the most of the time you’ve got. Ensure that your time with family and friends is well spent by preparing potluck dinners, participating in organized sports or planning fun outings.


From Greg: Why I Chose To Become Involved With AdviCoach

I’ve been lucky in my career. I’ve had the chance to work with some of the biggest brands in the world and have rubbed elbows with high-level executives, I always come back to small business.

As a small business owner, I know what it’s like to make payroll, pay bills and more. Though I continue my work helping executives because I simply love coaching, I’m also very proud to help small business owners achieve their goals through AdviCoach.

Why work with AdviCoach? Because it’s the leading small business coaching company in the U.S., and maybe the world. When adding this to my coaching venue, I did a ton of due diligence. I found that AdviCoach had the processes, systems and the tools that, in my opinion, made the most sense for a small business owner/operator.

They’re very thorough, but they’re also very simple in the sense that they can be implemented in ways that a small business operator can do while running his or her business.

AdviCoach has a market share around 30% of the small business franchise market. We’re at an inflection point for entrepreneurial activity in this country – more and more people are becoming disillusioned with corporate life, or more people simply want to be their own boss. There’s close to 7.2 small businesses in this country, and they’re growing at a rate of 1.5 million per year.

That’s why I think AdviCoach is so important – not only for improving the small business climate in America, but also helping owners achieve their dreams.


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