Terry Corbell, The Biz Coach
By Terry Corbell
Business Consultant

Falling out of Love with Your SME? 6 Tips to Get Inspired



If you’ve fallen out of love with you small or medium-sized enterprise, you’re not alone. It can happen to most everybody, and often does when they lose their groove.

Do you want to get your groove back? It’s time to get inspired – again.

FlareHere are six proven tips:

1. Practice the art of gratitude

Start a gratitude list. For now, forget the negatives. What’s working well? For instance, do you have loyal customers and associates?

If you’ve got writers block, practice the Principle of Contrary Action. Keep track of your activities. In everything do you, do it differently such as change your morning routine, and take a different route to the grocery store.

This will help you develop an open mind about the positives instead of the negatives. Soon you’ll realize you’re too focused on the 10 percent of what’s not working instead of the 90 percent that is.

Identify the right morale-boosters for hope to keep your business dream alive.

2. Take full advantage of technology

You’re more likely to succeed if you’re current on technology. Focus on learning and adapting to changes. This will enable you stay ahead of your competitors.

Maintain a childlike wonder of the possibilities in tech. Keep looking for ways to retain customers with better service or products.

Start by identifying tech trends in BYOD and mobile apps with the most staying power that will benefit your company.

… practice the Principle of Contrary Action … to develop an open mind …

3. Remind yourself about your business dream

Consider your original idea and how you arrived at it. Recall the problems you wanted to address and the opportunities you envisioned.

Write about your aspirations and objectives. Again use the Principle of Contrary Action by considering some new approaches to your business model and work.

Focusing on the right details is a skill in best practices for setting goals.

4. Evaluate your goals for entrepreneurism

What were they originally? Update your goals by reviewing your four entrepreneurial Cs:

  • Creativity – rediscover what motivates your creativity
  • Control – review your structure needing controls
  • Challenge – use a laser-like focus on your objectives
  • Cash – assess your footwork to make revenue

This will be especially helpful if you have to rebrand your business.

5. Identify and imitate people you admire

Whom do you admire? Who are your role models for building an excellent company? My role models were spiritually inspiring, disciplined mentors from different backgrounds.

My first mentor had a doctorate in nuclear physics but was expert in understanding human nature. Another turned around 3 Fortune 500 companies in sales. Another was a CEO of a publishing company, who first advised me to form my own business.

I constantly remind myself to live up to their legacies.

If you don’t have a role model, find one. A role model doesn’t have to be in your industry. Business leadership skills are transferrable to any profession. Do lots of reading – biographies and autobiographies. Learn why they’ve enjoyed success.

For personalized guidance, find a mentor – someone who has success you want for yourself.

A role model doesn’t have to be in your industry. Business leadership skills are transferrable to any profession.

6. Use a team approach

Every veteran entrepreneur knows a team is important for success. You, too, need a network to provide answers and referrals.

If you have employees, tap into their wisdom about your industry. You can succeed with employees’ help.

From the Coach’s Corner, editor’s picks for related information:

Marketing Plan Fundamentals For Best Results — If you haven’t completed a strong marketing plan to complement your business plan, you’re missing some salient benefits. An effective marketing plan generates revenue and alleviates uncertainty for your business.

5 Reasons for a Strategic Plan and its 6 Key Elements — Are you ready to compete? Is your company like many that need to rethink their strategic plans? Here are some tips in strategic-planning basics.

Due-diligence Tips to Pick the Best Business Location — Whether you’re an established business looking to move or you’re a new entrepreneur looking for your first location, it can be a stressful process. Therefore, it’s important to adequately plan in order to alleviate the impact of such a stress factor.

11 Sales Strategies to Outsell Your Big Competitors — Big companies have obvious advantages over small businesses. Their brands are well-known. They can afford sales training, sales-support staff and customer-relationship management software. On the other hand, there are good reasons why Cyber Monday has become big.

Valuable Secrets for Profitable Deal-Making with Clients — If you’re in professional services or you’re a consultant, many times you’ve heard the phrase: “Give me a proposal.” Here’s a better way to respond. You can be more successful with clients using deal memos. Here’s how.

“Being an entrepreneur means the ability to think out of the box by putting away our fear of any risk, including financial.”

-Ciputra

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Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.

Photo courtesy of Flare at www.freedigitalphotos.net

Seattle business consultant Terry Corbell provides high-performance management services and strategies.