7 Tips for Creating a Thriving Business

Dream-Plan-Do - coaching model for creating a thriving business and becoming a highly performing CEO

I had the pleasure to be a guest on the Leading to Fulfillment podcast.

The interview became the source of this blog. I invite you to listen to the whole interview here AND also read the blog to take as much value out of it as possible.

1. Leading Yourself Well

Effective leadership coaching

Here are two steps to helping people become a better leader:

1. Start from a position of trying to understand them, which will, in turn, help them understand themselves better. Ask them about their values, and how they operate as a person.

2. Once you understand this, apply it to their business. Try to align their actions with their mission and vision for their business. If they don’t have a vision for their business, help them articulate one.

These two steps will provide a framework for helping your clients become effective business leaders in today’s world.

2. A Process for Defining Core Values

Defining Core Values

Defining core values in your business is part of a strong foundation.

They help guide a company’s direction and everyday decision-making.

But if you’re not certain how to choose them, here’s a process that can help you decide:

1. Start by brainstorming everything that might be important to you. Brené Brown’s book Dare to Lead has a list that can help jumpstart this process.

2. Categorize your values. Certain values fall into the same bucket, which allows you to narrow them down.

3. Choose the top 3-5 values you want to embody. Remember that there’s a difference between personal values and business values, and choose appropriately.

3. How to Simplify Difficult Decisions

Making Difficult Decisions

Every time you’re at a crossroads and have an important decision to make, go back to your values.

Look at your mission, and make a decision from there.

When you start your business, it might seem difficult to grow. But if you can get past the growing pains, you’ll soon find more opportunities than you can take on.

And the only way to choose the opportunities that make the most sense for you moving forward is to revisit the values, mission, and vision you started with. Use those as filters, and you’ll find the decision-making process much easier.

4. Scheduling Creativity

Scheduling Creativity

As business owners, it’s imperative to prioritize creativity. It helps us iterate through problems and come up with new ideas that help us reach our goals.

And one of the best ways to prioritize creativity is to put it on the schedule.

Create a space to go beyond your daily tasks. It might be an hour a day, or a few chunks of time every week. Don’t try to do just “productive” work. Simply allow your mind to go where it wants to go. You might find it helpful to keep a journal, which can help record any ideas you might come up with.

Creating little habits such as scheduling your creativity is a great way to break up your weekly work and take a more intuitive approach to life.

5. Key to Forming Good Habits

How to Form Good Habits

We all want to form good habits. But the only way to make habits stick is to start small.

If you read a book that contains 10 ideas, you might be tempted to try to implement them all immediately. That will never work over the long term. It’s too much change in your daily routine, and you won’t be able to handle it. Choose one thing from that book and try to implement it.

And if they say it will take 4 hours a week, and you think that’s impossible, try starting with 1 hour. Do it at a day and time that you know will work best for you.

Remember, change is a journey, not a once-and-done thing. But if you stick with it, it will be worth the trip.

If you’re ready to implement a good habit in your day-to-day my free 20day Create ONE Good Habit For GOOd Challenge will help you. Check it out HERE.

6. A Tip for Effective Business Leadership

Effective Leadership

Part of growing your business is learning to grow yourself as its leader.

As a business owner, it’s important to remember that it’s not just about improving your products or getting more expertise in the way you serve your clients. Those things are necessary, but you need to equally invest in yourself as the CEO of your business.

You don’t need to become an expert in every aspect of your business. You don’t need to be a CPA or a guru marketing strategist. But you should have some knowledge about key aspects of your business, so you know how it shows up in your industry, to your best clients. This will help you direct the path forward, and do a better job of outsourcing any roles you need to fill.

7. Best Way to Handle Failure

Best Way to Handle Failure

No failure is a waste if you can learn something from it. But it takes a mindset shift to be able to see it that way. The key shift is to detach yourself from failure.

Understand that failure doesn’t mean anything about you as a human being. Let’s normalize failure right now. Because there’s no successful business in this world that didn’t go through multiple failures on its way to success.

We can’t attach our worth to our financial success or how many customers we have. We have to acknowledge that failure is simply part of the journey. Planning can help, but you can never entirely avoid failure. Instead, ask yourself what you can learn from the failure, and how you can improve for next time.

In short, creating a thriving business starts with you, its leader. When you grow yourself, your business will grow. When you thrive, it will thrive alongside you. Ready to thrive? Schedule a 45-min free consultation with me here to talk about your goals, challenges, and a plan that will get you thriving.

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