When you run your own business, whether you are starting a home-based business or an outside business, you want to do all you can to make sure it is successful. You put your time, energy and focus into the business so that it will be profitable and provide the income you need. But, are you unknowingly sabotaging your own business?
Here are a few red flags that could signal that you are unintentionally hurting your business.
You Are Limiting Your Opportunities
As a business owner, you need to take advantage of as many opportunities as you can. This doesn’t mean that you should take every opportunity or attempt to do everything, which is impractical and impossible. But, it does mean that you should keep your options open, follow up on leads and look for opportunities wherever you go.
When you are faced with a new opportunity, don’t immediately dismiss it by thinking that it’s not right for you, that you don’t have the resources to take advantage of it or that or that you don’t have enough experience to be successful with it. Of course, these are things to take into account, but ask yourself these questions and fully analyze an opportunity before you accept or deny it.
You Assume You Already Know The Outcome
It’s easy to assume we know what strategies will work and what tactics will fail. But, until you have tried or fully researched something, you don’t know what the outcome will be. Don’t limit your potential by assuming that you already know the outcome of things.
The danger of doing this is that you could pass on strategies that could benefit your business and you could actually be keeping yourself from making changes that could help you be even more successful.
Be open to new ideas and be willing to try different approaches and you might be surprised at what can help you sell more products, grow your business and make a bigger profit.
You Are Passively Coasting
One mistake many people make is passively coasting. They find a place that is comfortable, where their business is successful, and then they stop moving forward. They aren’t actively pursuing more opportunities or looking for ways to develop and grow.
It is very easy to get stuck in a rut or to feel that what we are doing is “good enough.” But, there is always room for improvement and when you move forward with purpose, you will be much more successful. Your business, which may be working now, will be even more successful.
You Don’t Know Your “Why”
To be successful, you need to identify what I call your “why.” You need to know what motivates you, what makes you tick and why you are doing what you are doing. Everyone has a different reason for starting a business or earning money through network marketing.
For example, if you are working to earn a passive income, you might be motivated by the idea that you can make extra money from home, work less and earn more and even travel while you continue to earn money.
If you don’t know your “why,” spend some time identifying what makes you tick and what inspires you. When you know this, you will be more productive and successful, meaning you’ll be able to increase your income.
You Aren’t Being Your Own Cheerleader
One of the most important things you can do for yourself is be your own cheerleader. Believe in your vision and be optimistic as you face challenges, hurdles and opportunities. When you have a genuine passion for your business and foster a successful mindset, your business will grow and flourish.
Set strategic goals, do what is required to meet them and then be ambitious about your business plan. You need to drive your business to success and this kind of attitude is infectious, so others will catch the spirit and help your business be successful.
Chances are that you don’t feel like you’re harming your own business, but if you recognize any of these signs, you might be holding yourself back. If you are interested in one-on-one business coaching, contact me. I help people create lucrative businesses so they can live the lifestyle they want.