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Big O Pitfall #3 For Solo Business – Overcommitting
I have already talked about Big O #1 (overspending) and Big O #2 (overplanning), two of the “O’s” that slow down progress in our solo businesses. Big O #3 is more internal, more about how we engage with ourselves. This one is OVERCOMMITTING.
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Big Pitfall #1 For Solo Businesses – Overspending
OVERSPENDING. It’s a pitfall that every one of us has to experience to understand…but hopefully after you’ve read what I have to say here, you will only have to go through it once and no more.
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Your Buying Bubble
You are likable, trustworthy, and credible. You have demonstrated the solutions and benefits that you provide your clients. As a result, you have people interested in buying from you. Do you have a catalog of offerings that will appeal to anyone, no matter what buying level they are at?
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Big O Pitfall #2 For Solo Business – Overplanning
I came from the corporate world where planning is a big deal. I can’t tell you how many hours and days I spent in team meetings doing strategic planning. We would spend days researching and preparing, and the resulting plan document had about a 3-day shelf life. Then it would be back to business as usual until the next round of planning.
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Building Your Solo Foundation
You have taken that big step and started your own solo business. Congratulations!!
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Work-Life Balance – The Impossible Dream?
One of the most common reasons that people choose the solo business ownership route is that they want to spend more time with family. Often, though, once work begins to build up, solo business owners can find themselves facing exactly the same work/family dilemma they wrestled with as salaried employees!
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Your Attitude, Your Success (Or Lack of Success)
It has been said that “attitude determines your altitude.” This particular pearl of wisdom is magnified for the solo business owner. Your business depends entirely on you and your attitude. You alone set the tone for your day, your business, and your communications with clients. There is no one with whom you can vent in the break room while munching on microwave popcorn; no office neighbor to talk with after a bad call with a client, and no one to call in sick to when you need a “mental health” day.
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