What do some of the really successful businesses do that continue to help them get bigger and better year after year? Easy! They invest back in their business. They know they need to continually invest back into their own businesses so they will continue to grow and move upward. Then they go out and do it. In fact, many of the more successful businesses do this on a consistent basis. It’s simply a part of their business growth strategy to put back into their business as they earn more, and this is definitely something we highly recommend.
However, the most important strategy to doing this successfully is to make sure your “investments” will reap the results that will bring the most value and benefit. You might know some who are constantly talking about the latest and greatest classes they are taking, or software and systems they are using. That’s wonderful! Yet some keep going from one shiny object to another, but not with things that will truly help them grow or advance their businesses. Instead, they are continually starting new things and not acting on what they have learned or using what they already have. So know that while it’s a wonderful practice to invest back in your business, you need it do it the right way. Hopefully these tips will help.
A few ways to invest back in your business:
Continued training and coaching – Even experienced coaches and speakers acknowledge that one of their secrets for growth is to invest in continued training and coaching for themselves. You keep on top of your game when you do because you are constantly learning, and are out there with others who can inspire and motivate you to be your best. Plus, it’s an opportunity to learn some new techniques you might not be aware of. But bottom line, it gives you the support and accountability you need to grow.
There’s an added plus to doing this as well. By experiencing someone else’s coaching or training program, it may also help you with your own programs. When participating in someone else’s coaching or training program, you get personal knowledge of what worked for you and what didn’t. When you are the student, you can see what matters most to you, and then you can implement some of those techniques in your own training programs.
Join a Mastermind Group – Yes they are worth their weight in gold. You get to talk with others of the same or similar mindset, and share your goals and what you hope to accomplish short and long term. The key to success in growing with a Mastermind group is to find one that challenges you. Reach higher than you are now. Also, it’s important to find a group where you can be honest and truly share your challenges and weaknesses as well as your successes. So this year, seriously consider investing in a mastermind group that can help you grow in 2013 and reach beyond where you are today.
Invest in the necessary software and systems – You know your business best, so take the time to review your current systems and practices to determine what is needed to help your business run more effectively and take it to the next level. Do you need to invest in a good follow-up system like 1ShoppingCart or Infusionsoft so you can be more efficient and methodical when following up with prospects? Yes, it might incur a monthly fee, but sometimes you have to spend money to make MORE money and that’s part of business success. But before you buy, get expert advice and do your research. Ask experts who are familiar with these products to make sure it’s worth the investment, and the best fit for your business. One of the things we love doing is helping our clients choose the best systems and software for their businesses, before they invest…and then of course, taking over and handling their system and software needs once they do. Quit dreaming about the programs that will help you grow your business – and invest in them.
Invest in a team – Again, it goes back to, why are you doing it alone? You shouldn’t be. You won’t see the more successful, big-name speakers presenting and also sending out their own ezines. Why? Because they know they are only as strong as their team. They excel when their team excels. That’s why it’s so important for you to make it a point to review the long list of tasks you do on a day-to-day or regular basis and determine what you should delegate and what you should continue to do yourself. And then do it. We know you’ll be amazed at just how good it feels.
So this year make it a commitment to invest back into your own business. Take the steps now to grow, and truly see why others are experiencing more financial freedom, less stress, and more time for the more important things in their lives. Don’t forget you have the team to support you right here. Give us a holler and find out how we can make that happen.