Navigating the Startup Storm: Overcoming Common Business Struggles

 

One of the questions that I get asked most is either how do you go about starting a business or what are the biggest challenges in starting your own business and how do you overcome them.  So I thought today I would discuss that of exhilarating yet daunting endeavor: starting a business. Embarking on this journey is filled with excitement, but it also comes with its fair share of challenges. Today, I want to shed light on the five of  biggest challenges in starting a business and offer a couple of  effective ways to overcome each obstacle.  These challenges are not exhaustive but are often the ones that initially stand out.

Challenge #1: Finding the Right Idea

One of the initial hurdles entrepreneurs face is finding a viable business idea that aligns with their passions, skills, and market demand. Many aspiring business owners struggle to pinpoint that perfect concept that will not only excite them but also attract customers.

Solution #1:

The first step...

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Thriving in Change: The Power of Adaptability in Business

business 101 leadership Nov 09, 2023
 

In today's ever-evolving business landscape, the ability to adapt to change and uncertainty has become not just an advantage but a necessity for survival. Rapid technological advancements, economic volatility, and unpredictable global events have made adaptability a key strategic imperative for businesses. For Leigh, the Founder and coach at Focus Forward Business Design, and her clients, embracing change is the lifeline of their business.

Why is Adaptability So Important?

Survival in Uncertain Times: Businesses that can pivot quickly in response to changing circumstances are better equipped to weather economic downturns, crises, and unforeseen challenges.

Meeting Customer Demands: Consumer preferences evolve continually. Adaptability enables you to stay attuned to these changes and tailor your products and services accordingly.

Competitive Edge: In fiercely competitive markets, adaptability gives you the edge. You can seize emerging opportunities and respond to threats faster than...

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Embrace the Flow: How to Cultivate Brilliant Business Concepts

business 101 habits Oct 09, 2023
 

Have you ever stumbled upon a news piece or a magazine article that left you thinking, "Man, I wish that genius idea had crossed my mind"? We've all been there, marveling at the simplicity of inventions like the slinky, the paper clip, or even the quirky Chia pet. You can't help but daydream about what it would be like to be the mastermind behind such strokes of brilliance. The good news is, you can be that person. All you need to do is unlock your receptiveness to inspiration and, once it arrives, embrace it with open arms.

 

Step 1: Demolish Your Preconceived Notions

Demolishing your preconceived notions might sound easier said than done, but it's entirely achievable. Start by identifying those sneaky preconceptions that might stand in your way when a brilliant idea comes knocking. Think of it as decluttering your mind, clearing the path to brilliance in case a promising idea decides to grace you with its presence.

Step 2: Be Mindful of Your Surroundings

We all tend to get...

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Transform Your Life: 5 Habits to Supercharge Your Success

business 101 habits Apr 17, 2023
 

In the Blog:

  • Achieve your goals and transform your life with my 5 habits you can implement today!
  • Take charge and put your focus where you want it to be, not where it defaults to.
  • We do not achieve success all on our own. So, get a friend or colleague to join you in using these success habits and hold each other accountable. The research has been done, and according to Signature Analytics, it shows that when someone publicly shares their goals, they have around a 65% chance of success. However, having a specific accountability partner boosts that chance to 95%.
  •  If you want guidance on implementing these habits into your daily routine, try a free one-on-one strategy session with me! I'd love to help you get unstuck and feel empowered by your choices

 

As an entrepreneur and business coach, I've had the privilege of working with some of the most successful business owners out there. From my experience, I've discovered that certain habits and behaviors...

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5 Ways to Gain Referrals and Earn Repeat Business

business 101 marketing Feb 13, 2023
 

In the Blog:

  • Being a business owner for more than twenty years, Leigh has learned time and again the importance of word-of-mouth marketing, and today she shares her top 5 things a business can do to earn it.
  • What business referrals are and why they matter to your business.
  • Don't just think about the transaction when you work with your clients. Think about their EXPERIENCE when they work with you.
  • Clients, friends and colleagues should be rewarded for every business referral. (Be sure it is industry appropriate.)
  • If you want more referrals and reviews, make it easy for clients to refer and review you.
  •  Ready to see what business coaching with Certified High-Performance Coach Leigh Wilson is like? Sign up for your FREE one-on-one strategy session now.

 

 

Whether you are just starting your business, growing your business or starting your fifth business, referrals are critical for its success. Being one of the most trusted forms of marketing,...

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Setting Yourself Up for Success as an Entrepreneur

business 101 Dec 30, 2022
 

In the blog:

  • To be a successful business owner, certain things must be done. Leigh Wilson shares her top 5 tips to set yourself up for success as an entrepreneur. 
  • Goals, goals, goals: set them and stick to them. Remember, 20% of the things you do, bring you 80% of your business. 
  • Your personal life cannot be neglected if you hope to succeed in business. Stop trying it.
  • Too many distractions can be detrimental! Start by reducing those as soon as you can.
  • The hustle-and-grind mentality is great, but rest is just as important. Rest, relax and reset!
  • If you would like further guidance on implementing these tips into your success plan, click here to schedule a complimentary coaching session with Leigh, at your convenience!

 

If you want to succeed as an entrepreneur, some items are simply non-negotiable. Yes, motivation, determination, and perseverance are all important aspects of a successful entrepreneur. No one is arguing that those things are necessary. So,...

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5 Keys to Being a Great Leader

business 101 Nov 18, 2022
 

What's in the Blog:

  • Leadership is imperative to running a successful business. Leigh shares her top 5 keys to being a great leader.
  • We all know communication plays a significant role in leadership or any relationship, but are we mindful of the various situations and settings in which we must adjust our communication skills? There might be more to it than you think.
  • Who Moved My Cheese? is a great little book with an entertaining lesson on flexibility. You should check it out if you haven't already.
  • We have all been guilty of chasing new and shiny things, but it is so important that leaders allow their decisions time to be correct. See it through before you go after the next shiny idea.
  • Focus Forward! Of course, we had to get this one in here. Be the optimist and focus forward so that your team can follow.
  • Do not forget to ask for help or call in reinforcements when needed. Like a business coach! You can schedule a complimentary first coaching...
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5 Ways to Control Your Calendar so it Doesn't Run Your Life

business 101 Oct 19, 2022
 

What's in the Blog:

  • Certified High-Performance Coach, Leigh Wilson, shares five ways to control your Calendar, so it doesn't run your life. Read the full blog to find out how to build a balanced calendar.
  • Personal Time, Personal Obligations, Done by One, 50-Minute Work Cycles, and Erase but Don't Replace are all critical components Leigh breaks down. Watch the video for the short and sweet version.
  • Use Leigh's steps to get vacation time, your top obligations complete, control of your day, and a blueprint for your upcoming year.
  • "I want you to put your personal vacation time, your time away from work, on your calendar for the next twelve months."
  • Are you ready to get control of your Calendar but struggle to identify your 20% items? Schedule a free 30 minutes coaching session with Leigh and gain clarity on your top priorities.

 

Perhaps you are no stranger to the vital role a calendar plays in the lives of business owners, entrepreneurs, and high-performers of all...

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5 Reasons You Can Succeed at a High Level Running Your Own Business

business 101 Sep 26, 2022
 

 

 Blog Summary:

  • Too often great dreams and aspirations are thought of daily, yet are never pursued. This leads to dreams dying and the dreamer settling. Leigh Wilson hopes to change that. Read on to find out why she thinks you can succeed in your business at a high level.
  • "We all succeed at a higher level when we do the things we love to do."
  • Now, more than ever, the internet is our worldwide, "digital market" to sell goods and services; your reach is boundless.
  • Freedom of choice is incredibly inspiring, but don't let that stop you from having some structure to your day.
  • You don't have to do it all on your own, and in fact, you shouldn't!
 

 

 

Self-doubt, imposter syndrome, perfectionism, analysis paralysis... whatever your block is right now, and I am sure you have one, just know you are not alone. These terms exist because these blocks have been so prevalent in society, and I think this is a great thing! We get to name our challenges and zero in...

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5 Financial Items to Think about Before Opening your Business

business 101 Aug 31, 2022
 
Click below to listen to Leigh's podcast.

 
So, you've decided to start your own business. Congratulations!
I have five financial items that I want you to think about before you open your doors:
  • What type of entity best suits your business?
  • Which financial software will your business be using?
  • Reviewing financials is a must; you need to time block it religiously.
  • Determine your expenses and income, but also categorize them.
  • The most important and most challenging of them all is setting your budget.

 

 

1. What kind of entity are you going to be?

Now, you will get help from your accountant or attorney on this, but before you pay them big bucks, go to Google. I want you to Google LLC, partnership, sub-S corporation, or sole proprietor; I do not recommend the sole proprietor for most people just because there are some tax advantages the other way, but again talk to your accountant about that. You will determine this in advance because this will set up how you do...

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