Posts tagged "startup"

How “My Fitness Pal” Applies to Business

October 31st, 2018 Posted by Blog Post, Business Plan, Strategic Planning, Strategy Execution, Uncategorized 0 thoughts on “How “My Fitness Pal” Applies to Business”

The popular app “My Fitness Pal” has about 20 million subscribers.

You start using it by describing a little about yourself. Nothing too detailed. Just some basics like height, age, weight, etc. Next, you define some goals that aren’t limited to reaching and maintaining an ideal weight.

That’s part of it. But to lay out a fitness plan, you have to set some specific short-term objectives in a number of categories that include activity, nutritional balance, hydration and calories.

There is a psychology involved

When you use the app regularly, you pay closer attention to your behavior. When you pay attention to your behavior, you begin to adjust accordingly.

The short-term objectives become almost like competitive challenges. Meeting or exceeding them becomes motivation to keep at it. Next thing you know, you can see and feel results.

If you stop using it, however, chances are good you will slip right back into the behaviors that led you to sign up for the app in the first place. Stick with it and you find yourself meeting or exceeding longer term objectives and goals.

That all makes sense, right? Right.

Apply the same principles to business

My Fitness Pal is effectively a Strategy Execution Management (SEM) tool that is focused on fitness. Plan Canvas is an SEM tool that is focused on business. But they are otherwise, conceptually, the same.

For example, when developing business strategy and plans, you start by describing your business, much like you described yourself when you begin using My Fitness Pal. You don’t have to get too detailed. Just talk about things like how the business is structured, where it operates, what its target markets are, and what products/services it provides.

Next, you begin envisioning the future and setting some goals and objectives. Just as My Fitness Pal is not all about weight, plans you develop in Plan Canvas are not all about financials. There are other things to consider, such as social responsibility, employees, and customers.

This is all good stuff when it comes to planning. But just like with My Fitness Pal, goals and objectives don’t complete themselves. You have to complete them. And just like logging your regular accomplishments in My Fitness Pal, you track and log your actual business results in Plan Canvas – all for the same reasons. Observation, adjustment, and motivation. When you do this on a regular basis, poor habits begin to fade away as more productive habits take hold.

Get started!

Subscribe to the Plan Canvas Software for just $15/month

So why don’t we do it?

Why doesn’t everyone use My Fitness Pal and why doesn’t everyone who downloads it stick with it? Frankly, pizza tastes good and the couch is pretty comfortable. It’s just too easy not to. Some may not even know how to.

The same is true of business strategy planning and execution.

But the sobering reality is that a lack of formal planning – simplified and actionable plans – is a leading cause of business failures.

Not enough reality? How’s this. Half of all startups cease to exist within 5 years. Formal planning and execution practices (as we’ve defined it) doubles the odds of success. Still not enough? How’s this. Those who have made it beyond startup phase fair, on average, 33% better than their peers and competitors when formal planning and execution practices are in place.

Finally, even though you use My Fitness Pal, sometimes you still need a fitness trainer to help keep you focused. Similarly, in business, sometimes you need a consultant to help keep you focused.

Think of Plan Canvas as your “My Fitness Pal” tool for your business. It’s just a tool. You have to use it to get results. If you’re disciplined enough to use it on your own, great! If not, we have you covered.

Contact us for a demo or to discuss consulting options.

Yes, You Can!

June 20th, 2018 Posted by Blog Post, Entrepreneur 0 thoughts on “Yes, You Can!”

Plan Canvas founder, Jon Umstead, recently had the honor of being a guest on entrepreneur coach and author Virginia Phillips’ podcast “Yes, You Can”. Her book Yes, You Can!: Your Roadmap to Dream, Create, and Profit was released earlier this year and is a tremendous guide for anyone dealing with even a hint of doubt.

Virginia asked a lot of great, deep probing questions about the book Business is ART and the Plan Canvas software that is based on it. If you aren’t familiar with the story and what we are all about, Virginia does a great job of guiding you through it, in terms that are meaningful to you.

A few of the highlight points from the interview include:

  • There has to be an emotional connection to the work for it to be effective.
  • Plan Canvas itself is a startup, going through all of the same challenges that all startups experience. The twist is that it is geared at helping startups and small businesses. Our challenge is avoiding the old axiom that the doctor is his or her own worst patient.
  • Plan Canvas is designed to help you organize your thoughts, devise a reasonable plan to close the gap between your vision and reality, and execute to that plan.
  • No one has a perfect story – if they do, they are lying to you.
  • What we really want is for people to take action on the things they say they want to accomplish.
  • Very detailed business plans that focus on the financials serve the purposes of the loan underwriter or capital investor/financial analyst very well – but they don’t help the business owner/leader manage the business.
  • A primary reason to have a simplified plan is focus.

Listen to the interview in its entirety by clicking here.

10 Tips for Your Business or Startup

September 5th, 2017 Posted by Blog Post, Strategy 0 thoughts on “10 Tips for Your Business or Startup”

It’s not enough to formally plan your business. Strategically managing it can make the difference between wild success and running your business into the ground. But it all may seem overwhelming at first brush. Here are a few tips for tackling it in chunks.

Fail Forward – Lessons Learned from Experienced Entrepreneurs

June 21st, 2017 Posted by Blog Post, Entrepreneur, Leadership 0 thoughts on “Fail Forward – Lessons Learned from Experienced Entrepreneurs”

learningIf you’re going to fail, fail forward.

Last week I attended various sessions at Dayton Startup Week, a weeklong event put on by the Dayton Tech Guide.

One of the sessions that caught my eye was entitled “Tales from the Crypt: lessons learned from a failed startup” with presenters Andy Cothrel, Founder/President of Blue Marble Medical and Russ Gottesman, Founder/CEO of CommuterAds.

Russ and Andy have both experienced startup success and failure. It’s important to learn from mistakes, apply that knowledge, and, as Russ said at the beginning of the session, fail forward.

Each of these gentlemen have been in very different industries from one another, but the lessons they learned were similar. In this post, we summarize a few of them.

Follow a checklist of things to avoid

The key here is “follow”. If you do a little research and listen to people like Russ and Andy who have been there and likely done that, putting together a checklist of things to avoid isn’t all that difficult.

Following it is another story. Many times, your own worst enemy is you. You KNOW you shouldn’t do it, but you get excited, get caught up in the moment and do it anyway.

A way to ensure you FOLLOW a checklist of things to avoid is to…

Establish an advisory board early on

An advisory board will help you hold yourself accountable. Preferably, the members have also been there and done that and know a thing or two about your industry. They are motivated by seeing you succeed. They are going to remind you…DON’T DO THAT.

But as importantly, they are a sounding board to just let you try out your ideas verbally before committing them to reality. And they are there to make suggestions for what to do instead of the thing you need to avoid doing. You know. Those things on your “things to avoid” checklist.

But keep in mind that an advisory board has a shelf life. If it is a startup advisory board, that shelf life should be about 18 months.

Act ethically and with ethical people

You should always act ethically and when someone has provided you with funding for your startup, there is an even greater need to act ethically – because there can be very real legal and financial consequences to being an unethical steward of other peoples’ money.

Likewise, know who you are getting in to business with if you are taking on partners or investors. “I know a guy that knows a guy” does not a referral make.

Take the time to get to know “the guy.” Spend the money to run a background check. Seek out professional and trade references. The effort and expense will be well worth it in the end.

It probably wasn’t a bad idea

Russ and Andy concluded by saying, in their experience, a startup doesn’t generally fail because it’s a bad idea. More often, it’s the people, the process, the governance and the ethics that bring a startup down.

So do your homework. And then go get it!

Working Full-Time While Starting a Business

May 23rd, 2017 Posted by Blog Post, Entrepreneur 0 thoughts on “Working Full-Time While Starting a Business”

can't quitYou’re ready to turn that idea you’ve been kicking around into a full-fledged business. You have the plan, the vision, and metrics for success all place. There’s just one problem:

You already have a full-time job.

Ideally, you would just quit your full-time job immediately and exclusively pursue your startup. Unfortunately, that’s not a realistic plan for many of us. Whether you’re supporting a family or you have loans to pay back, you may have no choice but to keep your current job while you build a business.

It’s going to make things a bit more difficult, but that certainly doesn’t mean it’s impossible.

Many businesses begin as side-jobs. Even huge successes like Craigslist and Trello. But in order to succeed, you’re going to have to work that much harder. You’ll need to be that much more focused.

That means you’ll need to start by…

Trimming the Fat

Anything in your life that’s consuming unnecessary amounts of time and money needs to go. It could be a little hobby or watching your favorite shows. Maybe you don’t get to go out for drinks after work. Maybe you have to pack lunch and make dinner at home.

Think of yourself on a boat that’s sinking. You need to throw everything off the boat that’s not essential so that you can stay afloat as long as possible.

That said….

Maintain Rest and Relationships

One of the worst things you can do to your body is deprive it of sleep. That extra hour of work you were able to put in at 1am is not worth the 3 hours of productivity you’ll likely lose from being tired the next day.

Whatever you do, make sure you stay well rested.

Additionally, don’t isolate yourself too much from those around you. Yes, your friends and family will see you less as you strive towards your goal. And if they truly care about you and believe in you, they’ll support that decision.

But you still need to maintain those relationships. Letting them slip away will bring down your mood, your motivation, and your ability to interact with people. Keep your important friendships healthy. Invest in them.

Just know when to draw the line.

Create a Timeline

If you’re serious about your business, then you’re planning on a day when you won’t need your full-time job anymore. Setup a timeline for this path towards your dream job. This will not only motivate you, but it will also prepare you for what’s a head.

You could also set various goals or checkpoints that aren’t necessarily bound to a specific length of time. For example, once your business is making x amount of dollars, you can step away from your job. Or maybe switch to a part-time job just to have some source of steady income.

Set a plan and execute.

Be Wise with Your Money

The good news is, you should be so busy between the two jobs that you don’t have time to spend money. The more money problems you have, the longer you’ll be working two jobs. Be especially conservative with your finances as you begin this journey. Start saving so that you can afford to quit your day job sooner rather than later.

All this budgeting isn’t just good for your personal life, but it should help you to budget better in your own business as well.

Never Forget Why You’re Doing It

When you first start the journey of launching a business, there’s a general excitement to it. Even if you have a fulltime job, you’ll find yourself going through the days with an added sense of purpose.

Sooner or later, however, that bold confidence will begin to wane. You’ll get tired and grow frustrated. Your fulltime job will feel more or more like a burden as you get glimpses of what your business could be.

You may be tempted to quit your day job too soon, leading to disastrous results in your personal life. Or you’ll give up on your dream of running your own business.

The problem is, if you have an urge to start a business, nothing will satisfy that impulse except actually starting a business. So keep moving forward, working the hours you need to, and giving proper attention to your startup, and eventually, you’ll see it through.

For more in-depth guidance on business strategy and metric development that goes beyond the cliché business tips for success, make sure to check out Business is ART, available now!

Can You Turn Your Hobby into a Business?

April 11th, 2017 Posted by Blog Post, Entrepreneur 2 thoughts on “Can You Turn Your Hobby into a Business?”

hobbyMany successful businesses trace their roots back to a hobby. You may have heard a motivational business speaker share their story about how they realized one day that they could make money simply doing something they enjoyed.

A hobby certainly isn’t a bad way to start a business.

After all, hobbies tend to be low cost and low commitment. And generally, they involve something you love. You probably already have a hobby or two. The question is…

Should You Turn Your Hobby into a Business?

The idea sounds great: make money while doing something you love.

And you can deduct purchases and expenses for it. That’s something you can’t do with a hobby.

However, you might end up disliking this activity you once loved. Turning a hobby into a job can make you suddenly lose the joy that comes from doing it. As an example, I love to cook. I love to experiment with new recipes and make stuff up as I go. But would I enjoy running a restaurant?

If you’re not worried about that, then here are some questions you need to ask yourself:

  • Will I be able to get enough business to make a living, earning what I want or need to earn?
  • Can I get others to understand the value of my hobby?
  • Can I grow the business at a sustainable rate?

If you’re answering yes to all of those, then you’re ready to start seriously considering making the leap from hobby to business.

But first….

Do Some Research

There’s usually no point in starting a business if there’s already someone succeeding at what you want to do on a level you can’t perform – or if you have no differentiator. What are the market and competition like? Is there a niche that’s being overlooked?

If the marketplace is already pretty full, try and think of a different way you can transform your hobby into a business – do something to make it unique and stand-out. Think about how to be a market disruptor.

Strategize and Create a Business Plan

Despite what some may say, you should develop a strategic and a business plan (there’s a difference). Start with a strategic plan and graduate to a business plan. This will help you create a foundation from which to build your business. It doesn’t have to be overly complex, and you’ll certainly change it along the way.

But start with a simple, concise strategic plan. Speaking of starting simple….

Start Small

You may have big dreams, and that’s great. But big dreams aren’t accomplished overnight. Instead, break the big goals down into smaller, actionable steps and objectives. Get a few sales under your belt. Figure out your flow. Make some mistakes.

And then, once you’ve settled into the idea of your hobby being a job, start building.

Treat it Like a Job

The only way people are going to take your business seriously is if you do. Once you’ve decided to turn your hobby into a business, it’s no longer just for fun or whenever you have a free time. Get up early. Work late. Be regular. Stay consistent.

Even if you’re doing something you love, it’s not always going to be enjoyable.

Get Another Hobby or Outlet

Now that your hobby is becoming your job, you need something else in your life to release tension and enjoy. Consider starting a new hobby that’s purely for pleasure. It’s important to maintain balance when starting a business.

For more guidance on starting a successful business, make sure to check out Business is ART, available now at Amazon and other booksellers.

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Lies and Untruths About Starting a Business

February 14th, 2017 Posted by Business is ART, Entrepreneur 0 thoughts on “Lies and Untruths About Starting a Business”
Starting business

Lance White (l) of FRW Studios Uses Plan Canvas

When you tell someone you’re starting a business, they’ll likely have an opinion. It doesn’t matter if they’re an entrepreneur or a sanitation worker. They’ll say something like “Oh really? Well did you know that….”

And then they’ll proceed to give you advice on the business you haven’t even started yet. Sometimes, the things you hear about starting a business are true. Things like “90% of business fail” or “80% of small businesses in the US consist of one person”.

On the other hand, there’s a fair amount of crap “fluff”.

Here are some of the lies and half-truths you’ll hear about starting a business.

You Need a Lot of Money

The old saying goes “it takes money to make money”, and it’s true, you’ll have to buy and spend to get a business going. But, perhaps, not as much as you might think.

To start many a business in the digital age, you don’t need huge investments or deep pockets, especially if you’re selling a service or an electronic product. The key is breaking your business idea down to its simplest form. Start there and you can probably get things moving without breaking the bank.

You Only Have to Do Things You Love

Many people start their own business because they want to do something they actually care about. That’s a great reason to start a business. But don’t think that you will only have to do the things you enjoy doing.

As an entrepreneur, you have to do everything initially. That will likely include things you don’t enjoy doing. The hope is that after building up some success, you’ll one day be able to focus on the areas you’re most passionate about.

Until then, you’ll be wearing a lot of hats.

You Have to Jump All In Immediately

Quitting your job, selling all your stuff, and devoting all time and attention to your startup might sound poetic, but it’s not always realistic. Your best option might be to start your business as a side project, allowing you to figure out potential problems while growing organically.

You’re Not Qualified

You will face people who doubt that you can run a business. This is something you’ll likely experience in your own head as well. And for these moments, it’s best to remember that famous Steve Jobs quote:

“Everything around you that you call life was made up by people that were no smarter than you.”

You don’t need to be a genius or have master class skills. You simply need an idea, a vision, and the commitment to see it through. Steve Jobs created one of the most influential computer companies ever, and he was neither a programmer nor an engineer.

You Have to Work All Day, Every Day

Burnout is a very serious thing among entrepreneurs. That’s because they have this idea that the second they stop, their business will stop and fall apart. While it’s true you’ll likely work some unconventional hours, and you’ll probably pull more than the typical 40-45 hour workweek, you’re still human.

You need breaks and social interaction and fun.

Step away for a moment. Take a day off if necessary. Your business will still be there when you get back.

You Don’t Need a Formal Business Plan

Because the modern business and technological landscape changes so quickly, some people have gotten this idea that business plans are a relic of the past. This is false.

Research has shown that a formal business plan can as much as double your odds of success, particularly for startups

It doesn’t need to be the size of an encyclopedia. It won’t have every piece of your business explained in detail. And it will likely change in the near future.

But creating a written plan is a huge benefit to any business.

Need help on how to create a business plan? Start with my free 1-page strategic plan outline here. For a more in-depth walkthrough of planning a business strategy and measuring success, sign up for my Odds Makers Class.

Odds Makers is a step by step video course that will guide you through all of the stages of creating a vision and workable plan for your business.

Start Now!

A Real Live Case Study

FRW Studios, a creative design firm, is starting its business with formal planning, using Plan Canvas beta version 1.0, the business planning software based on the Business is ART book. The photo appearing at the beginning of this post was taken by Julie White of FRW. It shows FRW’s Lance White and me actually working on FRW’s plans, using Plan Canvas on February 13, 2017.

“Having used his strategy/business plans in the past, we know how important it is to start our studio off on the right foot.”

~ Julie and Lance White

What You Should Know about Your Entrepreneur Friends

February 8th, 2017 Posted by Entrepreneur 0 thoughts on “What You Should Know about Your Entrepreneur Friends”

Crazy EntrepreneurSo you’re friends with someone who is starting a business. Maybe you’re more than friends. Maybe you’re officially dating or married to an entrepreneur.

Whatever your relationship might be, you should know that entrepreneurs are a little different by design. The way they see things. How they think about stuff. Even how they prioritize time. They might be a little crazy by most standards.

All of it ties to their vision of running their own business. In other words…

An Entrepreneur’s Business and Soul are Attached

Now, there are plenty of non-entrepreneurs who love and live for their job. They sacrifice for it. They commit themselves to it.

But entrepreneurs do that on a whole different level. The lines between their life and their job tend to get blurry. If things at work are exciting and positive, they’re excited and positive. If work is bleak, their attitudes might be bleak.

You should know, the first few years of entrepreneurship can be an emotional rollercoaster. If your friend is in the early stages of business, try to show extra patience and encouragement.

Their Hours are Irregular

Startups don’t have a regular start and end time to their workdays. The business itself may have office or store hours, but the wheels keep turning even after the doors are shut. Entrepreneurs are known to wake up early and stay up late working on projects.

Many have the problem of never fully checking out. Sometimes they may be in the middle of dinner or conversation when they get that far away look in their eyes and seemingly “check out” for a bit. That’s because an unplanned and often unexpected thought just popped into their head. Try not to be offended and perhaps even offer to help them through it so that you can more quickly get back to enjoying time together.

Don’t be surprised if you’re hanging out and they bring their laptop along, or they’re constantly checking emails.

Be patient with them. Understand when they can’t make it to everything that’s going on. That said, don’t be afraid to tell them to checkout for a bit and invest in the time you spend together. You’ll likely be doing them a favor.

Just choose your words carefully. After all…

They’re Probably Hard on Themselves

One of the things that drives entrepreneurs is a lack of satisfaction. They want more from their life and from the industry they operate in. While this normally works as a great motivator, it sometimes turns against them.

Entrepreneurs can be very critical of their own decisions, actions, and shortcomings. Because they’re very analytical of their business, and their business is so closely tied to themselves, it carries over.

If you’ve never been close to someone whose life demands high performance, it might catch you off guard. It’s not that they’re being negative. They’re simply trying to be better.

They are Passionate (which Sometimes Comes Off as Weirdly Obsessive)

crazy entrepreneurEntrepreneurs are driven by passion. They have an idea and a dream, and they’re running towards that. Sometimes, this is inspiring. Other times, it comes off as kind of strange and obsessive. They’ll make a big deal out of things that seem insignificant to many.

They’ll look through the same info/data/copy/design over and over again, analyzing and processing it.

Don’t worry. They aren’t lost causes. They’re just passionate.

They’ll Appreciate Your Friendship More Than You Know

If you’re patient with an entrepreneur, if you encourage them and believe in them while having the courage to occasionally correct them, you’ll form an incredible relationship. Being friends with an entrepreneur isn’t hard.

Just take interest. Ask questions. Listen to their ideas. See their potential and push them to go for their dreams. In return, you’ll form a great friendship. Entrepreneurs tend to be great friends because they encourage people around them to pursue their own dreams.

Life is less dull with entrepreneurs in your life. Every day can bring something new and exciting.

And should you ever decide to start a business of your own, they’ll be there for you, helping show how to create a business plan and cast vision.

Because that’s what friends do.

Finding Time to Start a Business 

November 22nd, 2016 Posted by Entrepreneur 0 thoughts on “Finding Time to Start a Business ”

finding timeRemember when you were young and had all the free time in the world? Maybe it didn’t feel like that at the time, but in retrospect adolescence seems like it was much less busy than adulthood. It’s tough because, as an adult, you feel like you finally have the skills and knowledge to make your goals happen, but where do you find the time?

You can finally make that idea a reality. You can actually start your own business.

That is, you can if you find the time. It’s clear that some people are finding the time. The question is how? How do you find the time to start a business in the middle of grownup responsibilities?

It’s Almost Never Going to be a Perfect Time

The first thing you have to accept is the fact that it’s not going to feel ideal. Starting a business isn’t something that comes easy. You likely won’t feel like you suddenly have a giant hole in your schedule, enabling you to invest extra time and effort.

So don’t wait around for it. Once you’ve decided you want to start a business, do it.

Find Gaps and Stretch Where You Can

You’re going to have to take a very hard look at your schedule. Write it out if you need to. Look for the gaps in it. Maybe there’s a small window of time before work or directly after it. It’s possible you have a stretch of free time right before bed.

Identify the openings, however small, and see if you can either stretch them or merge them together. If you have free time in the morning and in the late evening, try either going to bed earlier or waking up later, utilizing the combined free time to work on your business.

If you have some free after work, see if you can push back your evening activities. Once you start shifting things around a bit, you may be surprised to find some free time in the middle of everything.

Sacrifice

Regardless of how much free time you find in your schedule, you’ll likely have to make some cuts. It could be removing a hobby or dropping out of a sports league or skipping watching your favorite shows every week. You may have to trim back your social life.

Committing to a business requires sacrifice. There’s no way around that. Either you’re going to sacrifice some things that are currently holding you back, or you’re going to sacrifice your dreams of running your own business.

Quit Your Full-Time Job

This is something that’s not going to be an immediate option for a lot of people. But sooner or later, the goal for an entrepreneur is to leave their previous job behind so they can pursue their business full-time. When that moment comes, you’ll certainly find yourself with a lot more time in your schedule to put towards your business.

But you’ll likely need a little patience.

For more advice on when exactly to quit your job, check out our previous post here.

Beware of Burnout

Think that burnout doesn’t exist when you’re working on your own business? Think again. Even when you’re chasing your own dream, you can find yourself burned out. Burnout can negatively affect everything around you, from your relationships to your job and more.

Even as you’re sacrificing and working harder and giving your startup everything you have, be mindful of burnout. Give yourself a day off. Do something fun. Don’t disconnect from the world around you.

Stay consistent, stay focused, trim the fat out of your life, and you just may find the time to start up a successful business. I can help guide you further. Check out my book, Business is ART, enroll in BIA University, or contact me directly.

Is it Time to Give Up on My Startup? 

November 8th, 2016 Posted by Entrepreneur 0 thoughts on “Is it Time to Give Up on My Startup? ”
closed shop

Photo courtesy gratisography.com

When you startup a business, you’re bound to get a mixture of reactions. Some people will encourage you and tell you to go for your dreams. Others will question your sanity, especially if you’re leaving a good paying job to start your business.

The online gurus will tell you to ignore the haters, and that those people lack the vision or courage to ever start a business.

With so many opinions, it can be very difficult to know when you should start one up and even harder to know when to give up on your business. After all, as many as 90% of startups fail. The odds are against you. So, at what point do things change from “be patient, work hard, and stay positive” to “this isn’t happening, and you need to walk away”?

Only you can make that decision. But if any of the situations below apply to you, it might be time to walk.

You’re More Miserable Than Ever

Remember how you never felt satisfied at your previous jobs? They didn’t stir your passion or utilize your special gifts. That’s a big part of why people look to starting a business in the first place. They want to have a job that means something to them.

That’s not to say it will be easy or comfortable, especially at the beginning. It’ll likely push you harder than any job you’ve had before. But even in the worst times, you should feel a degree of hope and satisfaction. If you don’t feel that, if you hate working for yourself more than you hated your previous jobs, that could be on a sign that you’re heading down the wrong path.

Your Marriage/Family/Entire Life is Falling Apart

Almost any parent or spouse who has successfully started a business will tell you that there have been moments where their career choice put extra pressure on their family life. It just comes with the territory. But it shouldn’t be ruining those relationships. It shouldn’t create divides that will never be mended.

Keep an eye out for breaking points in your personal life. If cracks are starting to form, it might be time to consider other options.

You’re Not Progressing at All

Getting a business to a healthy point can take time, but it often consists of continual progress. Those “overnight successes” you hear about rarely happened overnight. When you dig into the full story, you discover that there was near constant momentum towards that point of breakthrough.

The same is true for your business. Even as it’s growing, developing, and changing, it should be moving forward. If you’re in the exact same spot you were a year or more ago, it might be time for a change.

A Better Opportunity Comes Along

Some people think that starting a business means you have to see it through until the very end. If you have other people working for you and depending on your business, you certainly do have a degree of obligation to keep things going.

But if it’s just you (and maybe some part time contractors) and a great job opportunity comes along that will satisfy your occupational needs, you can certainly take it. Don’t pass up on an opportunity because you feel guilty for leaving an unsuccessful business.

Quitting a Business Doesn’t Mean You Can’t Start Another One

In fact, entrepreneurs who have had a previous business fail are more likely to succeed in their next venture. The logic is easy to see. The knowledge and wisdom you gain while trying to start a business goes well beyond anything you’ll learn from a book or classroom.

If you’re still set to run your own business someday, you can use that newfound experience to avoid many of the mistakes you made the first time around.

That’s not to say schooling and books won’t help, because they absolutely will. In need of a book that will help increase your business’s chance of success? Why not start with Business is ART? Start with the book and then try out my Odds Makers Series video training.

Buy it today!

 

Plan Canvas is a community and a powerful software for improving your odds of business success and personal fulfillment.

© SeaSeven LLC 2017.
Developed with FRW Studios.