vision Archives - Mitchell Consulting

Building a Better Foundation for Your Business

June 10, 2021December 1, 2020 by Michelle Mitchell

Building your business on a strong foundation from the beginning saves so much time and energy as you grow. I help my clients start building a better foundation using several simple habits and principles. Here are a few of my favorites:

Cast your vision. As adults, we don’t spend enough time dreaming about our futures. Creating a vision for your business helps you develop the future you’re trying to create. Most business owners I work with are afraid to clearly state what they really want for their business down the line. Your vision statement should be so clear that it leaves no room for fear!

Set goals. Once you have a clear vision, you can make it tangible by breaking it down into bite-sized steps. These are your goals. Assign these to each quarter and then break those down even further for weekly action steps. Track what you’re doing to make sure you’re progressing toward your vision each week.

Schedule CFO days. As a business owner, you aren’t just the CEO of your business, you are also the Chief Financial Officer, or CFO. It’s important to set time aside regularly to stay on top of the finances of your business, even if you have someone helping you. You can use the financial data you collect during this time to make better decisions for your business.

Price your services for profit. Pricing is such a struggle for many business owners I talk to. Usually when a business owner feels they are not making enough money or they are having cash flow issues their issues actually stem from their pricing. You may be under-charging for your services if you don’t understand all the costs of actually delivering the service to your client, if you don’t understand the value your client places on the service, or if you are comparing yourself to others and undervaluing your own skills and experience.

These are just a few principles for a better business foundation. I love working with entrepreneurs to develop these and create a solid foundation that easily allows for growth.

We talk about all of these things and more in my coaching programs, but right now I’m offering a mini-course on Pricing for Profit. For just $27, you can learn better pricing strategies, how to implement them, how to up-level your pricing without affecting your current clients, and more! Sign up now before the offer expires!

What do you need to make your vision a reality?

June 24, 2021January 27, 2020 by Michelle Mitchell

This month we’ve been talking about vision and where you see yourself and your business in the future. We talked about creating your ideal day. What it looks like, what it feels like. Now we need to take the vision and start developing the action steps needed to make it a reality.

Too often, business owners or entrepreneurs skip over this step. They focus on the pricing strategy or how to get more sales. But if you don’t have an action plan of what your future looks like and the steps needed to get there, you will end up aiming in the wrong direction. Or if you do aim in the right direction, you might miss your target.

The first step in your action plan should be determining who you need to be in your business. What do you need to be doing today, right now, to become the person you need to be in the future? You need to be willing to step outside your comfort zone. You need to be willing to seek the advice of others to gain the resources you need.

Let’s face it; you don’t know everything you need to know to run a business – a profitable business. Seeking out the expertise of those who have been where you are and have become experts is important. You may be very good at what you do, at what service you provide, but no one has trained and prepared you for being a business owner. And not just a business owner, but the CEO of your business.

So think about what resources you need. Do you need help with marketing and strategy? Do you need assistance with the administrative side of your business? Maybe you need help in getting better at sales. There are a lot of soft skills business owners need to develop in order to produce the extraordinary result you desire. There are resources available to help you develop and strengthen those skills.

Ask yourself this: In order to get the extraordinary results I want in my business, what do I need? What actionable steps can I take, what resources can I tap into? Write down your plan and start taking action!

If you’d like help in coming up with your vision, drafting your 5-year vision, and developing the action steps needed to get there, let’s chat! I’d love to help you realize your vision and create extraordinary results!

Vision Is Different Than Goals

June 24, 2021January 9, 2020 by Michelle Mitchell

Happy New Year! And welcome to a new decade! Are you excited about what this new year will bring? Excited about where your business is going? I know I am! Our theme this month is vision. In order for 2020 to be an extraordinary year, you need to have a vision.

Your vision is where you want to go, where you want to be in the future. A path that helps you to see the steps you need to take to get to your desired destination. But vision is different than goals.

Goals are simply milestones of the action steps you need to take to make your vision a reality. Your daily activities help get you to your goals, but it’s your vision that guides your path.

Remember 2019? When you didn’t have enough clients? Or your engagements weren’t profitable? Or you charged by the hour and when the client saw the bill they freaked out? Don’t let this happen in 2020! Create the vision, then set the goal and create action towards it.

Are you ready to have the business of your dreams? If you dream of becoming an empowered Lady Boss who is confident, smart, and an action-taker… AND you are ready to step into your power and take action on your dream…this ebook is for you! Download this free ebook to learn the 5 Lady Boss Moves you need in your business so that it’s a business you actually love!

Download the FREE ebook TODAY!