Category - Business

Get FREE weekly ideas to grow your business

1
Finding The Right Adviser
2
How To Increase The Value Of Your Business
3
Entrepreneur? Or Hardworking Employee Of Your Own Business?
4
Starting Your Own Business? Here’s What To Do First
5
Small Business Owners Need To Get Past Their Comfort Zones

Finding The Right Adviser

Whether you are about to start your business or whether you have been working at your business for a few years now, you need to understand that running a business can be a draining and lonely experience.

The most valuable piece of advice that I give to new business starters or people who have been running their business for a few years is that you should not do it alone. For all of us operating a small business, the business is us. Without our health and wellbeing, the business will reflect that stress and tension that we feel. So, you need to set up your support systems to ensure that for any situation, you have someone you can talk to.

The most obvious people are your family and loved ones, but while their love and support are invaluable, sometimes, all they can do is to listen to you because the situation may need experience and technical advice that loved ones may not be able to provide.

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How To Increase The Value Of Your Business

The value of your business is not just based on the tangible assets – the equipment, the buildings, the accounts receivable – but is also based on intangible assets or “goodwill”.

Goodwill is the “extra” value of your business that is caused by all the intangible things that you do in your business to make it a profitable business that can continue beyond your ownership or stewardship. These include things like your customer relationships, your reputation, the efficiency of the business processes, marketing quality and resources, staff behaviours and culture, and your systems that create a great product and service.

Imagine two similar businesses.

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Entrepreneur? Or Hardworking Employee Of Your Own Business?

Are you thinking of starting your own business?

Perhaps you’re a subject-matter expert and you have an idea about how your knowledge can help others?

You may even e running a young small business, maybe less than 4 or 5 years old?

The thought of being an entrepreneur is motivating and exciting – ut many who start out to be an entrepreneur end up just working very hard as an employee in their own business. How do you make sure that you become the entrepreneur you started out to be?

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Starting Your Own Business? Here’s What To Do First

Are you thinking of starting your own business?

Exciting times! Let me congratulate you on deciding to take your future into your own hands!

It is an exciting – and also a little frightening – experience as you work out what to do and where you want to go and how to start. What’s the first thing to do?

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Small Business Owners Need To Get Past Their Comfort Zones

As a small business owner, at least one of your personal goals is to be able to afford a comfortable lifestyle that you can enjoy.

As human beings, we tend to move toward comfort. Sure, sometimes, we like a challenge. But ultimately even as we deal with challenges, we look to the comforts that successfully dealing with the challenge will bring.

However, in order for your business to succeed, you have to push past your comfort zone and push up against some uncomfortable challenges. No truly successful business was ever born out of taking the easy way unless your measure of success is “just getting by.”

So, what do we need to understand about comfort zones in order to meet these challenges head-on?

In this video, I take you through the three zones that you have to move past in order to push your business to success.

 

 

The beauty of this model is that it is not only about business success.

In life, most of us are happy sitting on the couch at home and watching your favourite program on the television. But if you want your life to be meaningful, you need to get up off the couch and do something that is within your range of possibility – like play a sport or enjoy an experience with friends. If you want your life to be fulfilling and really successful, you need to push past fear into the zone of challenges like try a new skill, change your job, start a business, meet new people!

If you want more valuable tips on how to grow your business and provide leadership and strategy, go to teikoh.com and sign up to get these ideas and processes sent directly to your inbox, or you can sign up here.

Push through and see you soon!

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