Are You Open for Business?

I have great admiration for small business owners. I love their entrepreneurial spirit, pioneering attitude, perseverance and strength. I am lucky enough to work with them daily as their business coach.

Through my role as coach I am honored to witness courage in so many ways. The courage to expand and grow, the courage to ask for money, the courage to go after the big account, the courage to hire and fire when needed.

If you have never been an entrepreneur or known one, these activities might not seem like a big deal. In the beginning stages, small business owners are grappling with what they feel they can do or not do. Their businesses are literally limited by their own self perception. For example: an owner who wants to double their revenue might have to learn how to let go and leverage themselves through others. So it makes sense that most entrepreneurs have to personally grow and develop themselves to move their businesses forward. Enter the business coach versus a consultant. A consultant is the expert and they advise.

So "What's a business coach?" you ask? A business coach engages and facilitates focused dialogue. We challenge, inquire, provoke, cajole, inspire, offer support and collaborate with our clients on their business issues. Occasionally we give advice and consult a client when it is an area of expertise. Most of the time however, it is not about my wisdom. It is about the client's wisdom. Coaches believe that the client has the answer.

Back to my point, in most cases the entrepreneur's limiting beliefs are what is stopping the business from expanding. As limiting beliefs are identified the small business owner can see and be aware of new possibilities allowing for more awareness and choice. Finally this brings me to the title of the article. Are you "open for business"?

When we are "closed for business", we already know how the business is, how are industry is and how our customers are, leaving no possibility or room for something else. Where there is certainty there is no possibility. We become frustrated and stuck.

Being "open for business" is about being aware of what your biases, limitations and limiting beliefs (filters) are and not letting that mindset run your business. When we are "open for business" we find opportunities and solve problems easily. "Okay, how do I do that" you say?

First get clear about your own filters by talking to a coach, asking your staff, interviewing your spouse or working with a mentor and then write them all down.

The next step is to identify how these filters have you stuck or stopped in your business. How do your limiting beliefs impact your business and its employees?

Then, make sure that you stay "open for business" by being engaged in conversations about your business with someone who knows what your filters are and is willing to say something when they come up. This could be an employee, partner, spouse, friend, mentor or coach.

You will be amazed at the difference this one shift from closed to open can make for your profitability and your sense of well being.

To Be or Not To Be an Entrepreneur

Should you become an Entrepreneur? Why Not? Over half a million online businesses are started each year by people who are underappreciated and underpaid! The home-based online business has now grown into a $427 Billion a Year Industry! Someone actually starts a new online business every 10 seconds in the US alone!

An Entrepreneur is a person who undertakes and operates a new enterprise or venture and assumes some accountability for the inherent risks. In the context of the creation of for-profit enterprises, entrepreneur is often synonymous with founder.

The term Entrepreneur also applies to someone who establishes a new entity to offer a new or existing product or service into a new or existing market, whether for a profit or not-for-profit outcome.

Business Entrepreneurs often have strong beliefs about a market opportunity and are willing to accept a high level of personal, professional or financial risk to pursue that opportunity. Business Entrepreneurs are often highly regarded as critical components of a capitalistic society.

The key to becoming an Entrepreneur is knowing how and where to start! Without the right starting point one would waste precious time and a lot of money. Legitimate work at home programs are not get rich quick or become a millionaire overnight schemes! The characteristics of a successful Entrepreneur include commitment, dedication, patience and perseverence.

Also, as an Entrepreneur one is able to get tremendous tax advantages and able to write off many of the expenses one would have anyway - as a business expense! If the right opportunity presented itself, most people would prefer To Be and Entrepreneur than Not To Be!

One should never put all of one's eggs in one basket!

Are You Member Of Jonathan Leong's CEO Club?

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