Setting SMART Business Goals: A Simple Guide for Success in the New Year

The end of a year is a great time to reflect on the past twelve months and set goals for the upcoming year. For business owners, setting goals that you can achieve is a critical part of keeping your organization on track and achieving success in the long term. In this blog post, we will go through the steps you can take to plan your business goals for the new year.

Reflect on the Past Year:

Before you start setting new goals for your business, take some time to look back on the past year. What were your accomplishments? What goals did you not meet? What worked well, and what didn't? This reflection will help you to assess where your business stands and what areas need improvement. It can also help you identify any roadblocks or challenges you encountered in the previous year so you can work to address them moving forward.

Some examples of things you might reflect on include:

Sales: Did your business meet its sales targets for the year? If not, what contributed to that miss?

Customer satisfaction: How satisfied were your customers with your products or services? Were there any common complaints or issues that arose throughout the year?

Employee satisfaction: Were your employees happy with their jobs? Did you see high turnover rates or low engagement from your team?

Market trends: Were there any significant changes or developments in your industry? Did your business adapt to these changes or fall behind?

By looking back at these and other vital factors, you can get a sense of what you should focus on in the upcoming year.

Set SMART Goals:

Once you've reflected on the past year, it's time to set new goals for your business. When setting these goals, it's essential to ensure they are SMART: Specific, Measurable, Achievable, Relevant, and Time-Bound.

Specific: Your goals should be clearly defined and precise. Avoid vague phrases like "increase sales" or "grow the business." Instead, be clear about what you want to achieve, such as "increase sales by 10% in Q2."

Measurable: Your goals should be quantifiable so you can track your progress and assess whether you've achieved them. For example, "increase social media followers by 1000" is more measurable than "improve our social media presence."

Achievable: Be realistic about what you can achieve. While it's great to set ambitious goals, they should still be attainable, given your resources and constraints.

Relevant: Your goals should align with your overall business strategy and be pertinent to your industry and customers. If you're a software company, for example, "develop a new mobile app" might be more relevant than "create a line of physical products."

Time-Bound: Set a deadline for achieving your goals, whether that's by month, quarter, or year-end. This will help you to stay accountable and focused on achieving the goal within a specific timeframe.

Some examples of SMART goals for businesses might include:

Increase revenue by 15% in the upcoming fiscal year

Launch a new product line in Q2

Cut operating expenses by 10% by the end of the year

Improve customer satisfaction ratings by 20 by the end of Q3

Once you've set SMART goals, make sure everyone on your team is clear about what they are and what specific actions are needed to achieve them.

Prioritize Your Goals:

Being realistic about what can be accomplished in a given timeframe is important. Some goals may be more urgent or important than others, so you must prioritize them effectively. You might use a grid or chart to help you visualize which goals are high or low priority, or a ranking system where goals are assigned a number or letter (e.g. A/B/C, 1/2/3, etc.).

When prioritizing your goals, consider the following:

Alignment with overall strategy: Are your goals aligned with your business's overall strategy and mission?

Impact on business: Which goals will have the greatest impact on your business's success?

Resource availability: What resources (time, money, team members) do you have available to dedicate to each goal?

By prioritizing your goals, you'll ensure that your team's efforts and resources are being directed towards the most important objectives.

Break Down Goals Into Manageable Tasks:

Once you have established your overall goals and priorities, it's important to break them down into smaller, more manageable tasks. This process can help you identify the steps needed to achieve each goal and can make the goals feel more achievable and less daunting.

For example, if one of your goals is to "increase website traffic by 25%," some of the manageable tasks involved might be:

Conduct keyword research and optimize website copy accordingly

Develop a content marketing plan and calendar

Increase social media presence and engagement

By breaking down your goals into tasks, you'll also be able to allocate these tasks to specific team members or departments, so everyone knows what they need to work on.

Involve Your Team:

Goals don't just come from the top down - involving your team in the goal-setting process is also important. By asking for input and ideas, you'll help your team feel more invested in the success of the business and you may also uncover opportunities for innovation and growth that you otherwise wouldn't have thought of.

Here are some ways you might involve your team in setting business goals:

Hold a group brainstorming session to generate ideas and goals

Ask team members to suggest areas where the business could improve

Provide team members with a list of proposed goals and ask for their feedback and input

By involving your team, you'll make sure that everyone is on the same page and feels motivated to work towards the goals.

Review and Revise Regularly:

Lastly, it's important to stay flexible and adaptable as you work towards your goals. Your business environment and circumstances might change throughout the year, and adjusting your goals and plans is important.

Make sure to regularly review your progress towards your goals and assess whether you need to make any changes. Do this on a weekly, monthly, or quarterly basis, depending on the scale and length of your goals.

If you find that you're not on track to reach a goal or that the goal is no longer a priority, don't be afraid to revise it or even scrap it altogether. It's better to be agile and adapt to change than to be rigid and stick to a plan that's no longer working.

Conclusion:

Setting business goals for the new year is critical to the success of any organization. By reflecting on the past year, setting SMART goals that align with your business strategy, prioritizing effectively, breaking down goals into manageable tasks, involving your team, and regularly reviewing and revising, you'll be well on your way to achieving success in the upcoming year.

Want a professional small business coach to help you plan your small business success? Click Here.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

Why Partnerships Fail And How A Small Business Coach Can Lead The Way To Success

Business partnerships have emerged as a promising avenue for growth, innovation, and shared achievements in the intricate landscape of business success. However, the stark reality is that not all small business partnerships flourish; many crumble due to various challenges. To navigate the complexity of why partnerships fail, dissecting the key factors contributing to their downfall is essential. 

In this exploration, we will deep dive into the core reasons why partnerships fail, shedding light on each facet while offering insights into cultivating partnerships that stand the test of time. Additionally, we'll explore how the guidance of a small business coach can provide invaluable assistance in mitigating these pitfalls.

If you want to quickly decide if a business partner is a missing piece to your success puzzle, learn more about our affordable online course, “Are Two Heads Better Than One? Unlock The Key To Deciding If A Business Partnership Is A Missing Piece For Your Business Success.”

1 - Misaligned Goals and Visions: The Crucial Foundation

Partnerships often commence with high hopes and ambitious visions. However, the absence of aligned goals can unravel even the most promising alliances. For instance, consider a scenario where a tech startup partners with an established corporation. Conflicts can arise due to incongruent trajectories if the startup envisions rapid innovation while the corporation prioritizes stability. Such discord in direction fosters resentment and sows the seeds of failure as conflicting expectations chip away at the partnership's foundation.

A skilled small business coach can help bridge this gap by facilitating goal-setting sessions that align with the partners' visions. They can mediate discussions and guide the partners in identifying common objectives, ensuring a solid foundation for collaboration.

2 - Lack of Clear Communication: The Silent Eroder

Effective communication serves as the bedrock of any successful partnership. When communication falters, misunderstandings and missed opportunities arise. Partners who assume rather than converse are at risk of nurturing silent resentments. Picture this: one partner believes the other will handle a critical marketing campaign, leading to a missed deadline and loss of opportunities.

A small business coach can conduct workshops on effective communication strategies, teaching partners to express their ideas clearly and actively listen to each other. Business partners can refine their communication skills through role-playing exercises and real-world examples, enhancing the overall partnership dynamic.

3 - Unequal Contributions and Efforts: The Imbalance Dilemma

Partnerships thrive on mutual effort and balanced contributions. However, the scales tip precariously when one business partner shoulders a disproportionate load regarding resources, responsibilities, or dedication. This imbalance breeds mistrust and undermines the very essence of collaboration. Imagine a scenario where one partner contributes most of the financial investment but expects the other partner to handle most of the workload.

A small business coach can assist in negotiating fair terms, ensuring that contributions are proportional and clearly defined. Their expertise in business dynamics can guide business partners in determining a balance that reflects their respective strengths and capabilities.

4 - Incompatible Cultures and Values: A Fractured Alliance

Divergent cultures and conflicting values can act as poison to business partnerships. Consider a situation where one business partner values transparency while the other prioritizes confidentiality. This incongruence extends to decision-making styles, communication approaches, and strategic approaches. The resulting friction can derail even the most well-intentioned collaborations.

A small business coach can facilitate workshops exploring business partner organizations' cultural values. The coach empowers business partners to navigate potential cultural clashes more effectively by identifying common ground and creating strategies to manage differences.

5 - Failure to Adapt and Evolve: The Stagnation Pitfall

In the dynamic business landscape, business partnerships must evolve to remain relevant. Failure to adapt to shifting market dynamics, technological advancements, or changing customer preferences leads to stagnation. Embracing change and staying nimble is critical for partnership longevity.

A small business coach with industry insights can guide business partners in identifying emerging trends and adapting their strategies accordingly. They provide an external perspective that aids in recognizing areas where adjustments are necessary for sustained success.

6 - Financial Disputes and Mismanagement: The Monetary Quagmire

Monetary disputes can swiftly unravel business partnerships. Disagreements over financial contributions, profit distribution, and investment decisions sow discord. Partners must create clear financial agreements, maintain transparency, and foster a shared fiscal vision to ensure the partnership's resilience.

A small business coach experienced in financial management can help business partners develop comprehensive financial plans that outline contributions, profit sharing, and investment strategies. Setting these parameters upfront significantly reduces the likelihood of financial disputes.

7 - Lack of Defined Roles and Responsibilities: The Ambiguity Abyss

The ambiguity surrounding roles and responsibilities leads to chaos within business partnerships. Partners grappling with undefined roles are prone to confusion and blame-shifting. Clear delineation of tasks, obligations, and decision-making authority is vital for a harmonious collaborative rhythm.

A small business coach can facilitate role-definition sessions, where partners outline their strengths and preferences. By matching these to specific roles, business partners enter the partnership with a clear understanding of their responsibilities and how they contribute to the overall success.

8 - Changing Market Conditions: The Unpredictability Factor

Business partnerships unprepared for external disruptions are vulnerable. Economic downturns, regulatory shifts, or sudden market changes can undermine even the most promising collaborations. Partners must remain adaptable, ready to pivot in response to unforeseen challenges.

Armed with industry expertise, a small business coach can guide business partners in scenario planning and risk mitigation. By anticipating potential challenges, partners can develop contingency plans that allow them to navigate unexpected shifts in the market.

9 - Ego and Power Struggles: The Collaboration Killer

Ego-driven power struggles can dismantle business partnerships. When personal agendas overshadow shared goals, conflicts ensue. Successful partnerships require prioritizing collective objectives and minimizing personal ego.

A small business coach can facilitate conflict resolution workshops, equipping partners with tools to address ego-driven disputes constructively. By fostering a culture of open dialogue and mutual respect, the coach helps partners overcome personal barriers to collaboration.

Conclusion

A roadmap to small business partnership success emerges as we unveil the intricate landscape of why partnerships fail. Navigating through misaligned goals, communication breakdowns, and other pitfalls allows us to build enduring and thriving partnerships. Learning from failures gives us the tools to construct robust collaborations rooted in effective communication, mutual understanding, and equilibrium.

Are you ready to unravel the secrets of successful business partnerships and sidestep the pitfalls of failure with the guidance of a seasoned small business coach? 

Immerse yourself in our comprehensive online course, a treasure trove of insights into the intricacies of why partnerships fail. 

Gain the knowledge and strategies necessary to foster enduring, fruitful alliances. 

Embark on this transformative journey now and seize the opportunity to cultivate partnerships that weather challenges and emerge stronger. 

With the support of a small business coach, you'll be well-equipped to navigate the business partnership landscape with confidence and expertise.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

The Ultimate List of The Top 20 Business Books for Small Business Owners

For small business owners, continuous learning and personal development are crucial for staying ahead in today's competitive market. Reading insightful business books provides valuable knowledge and guidance and offers inspiration and fresh perspectives. In this blog post, my team and I present the top 20 business books that we feel are essential for small business owners. From leadership and management to marketing and growth strategies, these books cover a wide range of topics to help you succeed. As a bonus, we will also highlight "Do Not: Start or Run a Business My Way," a book I wrote as your small business specialist, Michael Morrison, which provides unique insights and unconventional advice for entrepreneurs. 

Let's dive in!

1. "The Lean Startup" by Eric Ries: This groundbreaking book introduces the lean startup methodology, emphasizing the importance of continuous innovation, customer feedback, and iteration. It provides valuable insights on how to build a successful business while minimizing waste and maximizing efficiency.

2. "Good to Great" by Jim Collins: Jim Collins explores the key differentiators between good companies and truly great ones. The book presents valuable lessons on leadership, sustainable growth, and the importance of building a strong organizational culture.

3. "The E-Myth Revisited" by Michael E. Gerber: In this classic, Gerber explains the entrepreneurial myth and offers guidance on how small business owners can avoid common pitfalls. It emphasizes the importance of working on the business for long-term success rather than in the business. This book is one of our all-time favorites that my team and I often read from cover to cover.

4. "Think and Grow Rich" by Napoleon Hill: An all-time classic. This book explores the mindset and principles necessary for achieving financial success. It offers timeless wisdom on goal setting, perseverance, and the power of positive thinking. This is a book that continues to stand the test of time.

5. "The 7 Habits of Highly Effective People" by Stephen R. Covey: Covey's book presents a holistic approach to personal and professional effectiveness. It outlines seven habits that can transform individuals into highly successful and fulfilled business owners.

6. "Crushing It!" by Gary Vaynerchuk: In this book, Vaynerchuk provides valuable advice on leveraging social media platforms to build a personal brand and grow a business. It's a must-read for small business owners looking to harness the power of social media marketing.

7. "The Innovator's Dilemma" by Clayton M. Christensen: Christensen examines disruptive innovation and explains how established companies can navigate the challenges of disruptive technologies. The book provides insights into staying competitive and fostering business growth in a rapidly changing market. Innovation is critical for success!

8. "Start with Why" by Simon Sinek: Sinek's book explores the power of purpose and why it is crucial for business success. By identifying and communicating the "why" behind your business, you can inspire loyalty and differentiate yourself from the competition.

9. "Purple Cow" by Seth Godin: In this book, Godin emphasizes the importance of standing out in a crowded marketplace. It encourages small business owners to create remarkable products or services that are truly unique, attracting customers and driving growth. The title itself is fun and easy to read!

10. "The Four-Hour Workweek" by Timothy Ferriss: Ferriss challenges the traditional notion of work and introduces strategies for achieving more with less. The book provides practical tips on outsourcing, automation, and time management, enabling small business owners to achieve greater efficiency. This book will challenge you to think differently and not how you think.

11. "Scaling Up" by Verne Harnish: A practical guide to scaling businesses, Harnish's book covers essential strategies and frameworks for sustainable growth. It focuses on the four critical areas of business: people, strategy, execution, and cash. An abundance of nuggets is in this book.

12. "The Power of Now" by Eckhart Tolle: While not specifically a business book, Tolle's masterpiece teaches the importance of living in the present moment. By adopting a mindful approach, small business owners can enhance their decision-making, reduce stress, and improve their overall well-being.

13. "The Tipping Point" by Malcolm Gladwell explores the tipping point concept and how small changes can lead to significant impacts. The book provides insights into marketing, social trends, and the art of creating viral growth for businesses.

14. "The One Thing" by Gary Keller and Jay Papasan emphasizes the power of focus and prioritization. It guides small business owners in identifying and focusing on the most critical tasks that drive business success.

15. "Delivering Happiness" by Tony Hsieh: Hsieh, the former CEO of Zappos, shares his entrepreneurial journey and the importance of delivering exceptional customer service. The book highlights the impact of company culture and how it contributes to business growth.

16. "The Art of War" by Sun Tzu: Though a military strategy book, "The Art of War" offers valuable lessons on leadership, strategic planning, and competitive advantage. Small business owners can apply these principles to outmaneuver competitors and achieve business success.

17. "Influence: The Psychology of Persuasion" by Robert Cialdini: Cialdini delves into the principles of persuasion and how they can be applied to influence others. Understanding these psychological triggers can help small business owners improve their marketing, sales, and customer relations.

18. "Profit First" by Mike Michalowicz: Michalowicz introduces a unique approach to managing finances in small businesses. The book advocates for allocating profit first, transforming how entrepreneurs handle their cash flow, and ensuring long-term profitability.

19. "Mindset: The New Psychology of Success" by Carol S. Dweck: Dweck explores the power of mindset and how it impacts our achievements. By adopting a growth mindset, small business owners can overcome challenges, embrace learning opportunities, and achieve personal and professional growth. One of our podcast guests highly recommended this book.

20. "Do Not: Start or Run a Business My Way" by yours truly, me: This book is a memoir of things I did wrong and things I learned to do right. It offers a fresh perspective on small business ownership, challenging traditional norms and encouraging innovation, business coaching, and exponential growth.

Learn To Earn!

Reading is an invaluable tool for small business owners seeking growth, inspiration, and fresh perspectives. The top 20 business books listed above cover a wide range of topics, from leadership and marketing to personal development and strategy. Additionally, "Do Not: Start or Run a Business My Way" offers unique insights for entrepreneurs, complementing the other books in this list. Small business owners can enhance their skills, make informed decisions, and unlock new opportunities for business success and growth by investing time in reading and continuous learning.

BONUS: Every entrepreneur who has hit the million dollar mark or more in annual revenue on our podcast Small Business Pivots has mentioned they contribute much of their success to learning and investing in a small business coach or mentor.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

Finding The Right Business Coach For Your Small Business Success: Expert Tips And Outcomes To Expect

As a small business owner, it's natural to seek guidance and support to enhance the growth and success of your venture. However, the business coaching industry is saturated with individuals claiming to be experts without the necessary qualifications or experience. This abundance of unqualified small business coaches has left some entrepreneurs disillusioned and skeptical about the effectiveness of business coaching as a whole. 

In this article, we will discuss the essential steps you can take to find the right small business coach who can positively impact your business's success.

1 - Define Your Goals and Needs:

Before embarking on the search for a small business coach, clearly understanding your goals and needs is crucial. Reflect on the specific areas in which you require guidance and support. Are you struggling with marketing and sales? Do you need help with strategic planning or leadership development? Identifying your needs will help you find a coach with expertise in the areas that align with your small business challenges.

2 - Look for Relevant Experience:

One of the primary criteria for selecting a small business coach is their relevant experience. A coach with hands-on experience as a successful entrepreneur or business leader can provide invaluable insights and practical advice. Look for small business coaches with a track record of building and scaling small businesses. They will have firsthand knowledge of your challenges and can guide you through potential obstacles. Ask questions!

A few example questions are:

Have you owned a business other than your consulting practice?

What product or service did they offer?

How many have you owned?

Were they successful?

How much annual revenue did they generate?

How many employees did you lead in your biggest company?

Do you follow a specific business coaching framework?

3 - Seek Recommendations and Referrals:

Remember to consider the power of word-of-mouth recommendations when searching for a small business coach. Reach out to fellow entrepreneurs, business networks, or industry associations for referrals. Ask for specific feedback regarding the coach's expertise, approachability, and ability to adapt to unique situations. A referral from a trusted source significantly increases the likelihood of finding a reliable and competent business coach.

4 - Evaluate Coaching Style and Approach:

Every small business coach has a unique coaching style and approach. Schedule introductory calls or meetings with potential coaches to understand their methodologies. A good coach should fit your personality, communication style, and learning preferences well. Ask about their coaching process, whether it involves a structured framework or a more flexible approach. Find a coach who can adapt their strategies to your specific needs and can provide personalized guidance.

5 - Assess Communication and Rapport:

Effective communication and a strong rapport are essential for a successful coaching relationship. During your initial interactions with prospective coaches, pay attention to how they listen, respond, and engage with you. A skilled business coach should be an active listener, empathetic, and able to ask insightful questions. Their communication style should encourage open dialogue, trust, and collaboration.

6 - Request Testimonials and Case Studies:

To gain further insights into a coach's effectiveness, ask for testimonials or search their Google business page for testimonials from past clients or case studies that showcase their success stories. Genuine testimonials can provide evidence of a coach's ability to drive positive outcomes and deliver tangible results. Look for testimonials highlighting the coach's expertise in problem-solving, strategic planning, or small business growth, depending on your specific needs. Check out our testimonials here.

7 - Discuss Expectations and Boundaries:

Before committing to a business coaching relationship, have a candid discussion about expectations, boundaries, and the terms of engagement. Clearly define the frequency and duration of coaching sessions, the mode of communication, and the financial arrangements. Discuss the coach's availability and commitment to your success. This conversation will help establish a mutual understanding and ensure a productive coaching experience.

Finding the right small business coach can be a transformative experience for your small business. By following the steps outlined in this article, you can increase your chances of selecting a qualified and competent business coach who understands your unique challenges and can guide you toward success. 

Remember, a skilled business coach with relevant experience, strong communication skills, and a personalized approach can make all the difference in helping you overcome obstacles, maximize your potential, and achieve your small business goals.

What To Expect From A Small Business Coach

Small business owners can expect several valuable contributions to their entrepreneurial journey when engaging with a business coach. Here are some key expectations that small business owners should have from their business coaches:

1 - Expert Guidance and Industry Insights: 

A competent business coach brings in-depth knowledge and expertise to the table. They offer guidance on various aspects of running a small business, such as strategic planning, marketing, sales, finance, operations, and human resources. They can provide insights into industry trends, best practices, and proven strategies to help small business owners make informed decisions and navigate challenges effectively.

2 - Objective Perspective and Feedback: 

A business coach serves as an objective third party who can offer a fresh perspective on your business. They can provide:

• Honest feedback and constructive criticism.

• Highlighting blind spots.

• Identifying areas for improvement.

• Challenging your assumptions.

Their objective viewpoint helps you see your small business from a different angle, enabling you to make necessary adjustments and enhance your decision-making process.

3 - Accountability and Goal Setting: 

A business coach helps small business owners set clear goals and holds them accountable for achieving those goals. They assist in defining measurable objectives, breaking them down into actionable steps, and creating a roadmap to success. A coach can monitor your progress, provide support, and help you stay on track, ensuring that you follow through with your plans and make consistent strides toward your desired outcomes.

4 - Problem-Solving and Decision-Making Support: 

Running a small business involves facing numerous challenges and making critical decisions along the way. A business coach acts as a trusted advisor, helping you navigate complex situations and solve problems effectively. They can provide frameworks, tools, and methodologies to analyze and address challenges, enabling you to make informed decisions that align with your business objectives.

5 - Personal and Professional Development: 

Beyond the business aspect, a business coach can support your personal and professional growth as a small business owner. They can help you identify and leverage your strengths, enhance your leadership skills, and build self-confidence. They may provide guidance on time management, work-life balance, and stress management, ensuring that you are equipped with the skills and mindset necessary to thrive as an entrepreneur.

6 - Tailored Strategies and Action Plans: 

A skilled business coach recognizes that every small business is unique. They understand that a one-size-fits-all approach does not work. Therefore, they develop tailored strategies and action plans that suit your specific business needs, goals, and challenges. A coach should be flexible and adaptable, adjusting their methodologies to accommodate your individual circumstances and ensuring that the guidance provided aligns with your business's vision and values.

7 - Support in Overcoming Obstacles: 

Entrepreneurship can be a lonely journey, and overcoming obstacles can sometimes feel daunting. A small business coach acts as a supportive partner, helping you navigate through tough times, offering encouragement, and providing guidance when faced with setbacks. They can assist in developing resilience, offering solutions, and motivating you to persevere during challenging phases of your business.

It's important to note that while a business coach can provide valuable guidance and support, the ultimate responsibility for implementing strategies and achieving small business success rests with the small business owner. The coaching relationship should be built on mutual trust, open communication, and a commitment to collaboration to ensure the best possible outcomes for the business.

If you are ready to talk to one of the top-rated small business coaches centrally located in Oklahoma City, Oklahoma, in the United States, CLICK HERE to chat or CLICK HERE to call us at 405-919-9990 today!

Unleash Your Business's Potential: How a Small Business Coach Can Help You Achieve Success

Small business owners face numerous challenges that often delay their growth and success. One of the significant challenges is disorganization and chaos within the business operations. Small business owners who struggle with managing their businesses, lack clarity in their vision, and have unclear direction, can benefit from the guidance of a business coach. 

This blog post will explore how a business coach can help a disorganized and chaotic small business become profitable and efficient.

1. Identifying the Root Cause of Disorganization

The first step towards solving a problem is identifying the root cause. For example, a business coach can help the small business owner identify the root cause of disorganization and chaos within the business operations. Next, they will evaluate the business processes, systems, and procedures and identify areas for improvement. 

Once the root cause is identified, the business coach can work with the small business owner to develop a strategy to address the underlying issues.

2. Develop a Clear Vision and Strategy

A business coach can help a small business owner develop a clear vision and strategy for their business. This is important because it is difficult to make progress without clear direction. Every business must have a north star and guiding light to follow.

The business coach will work with the small business owner to identify their long-term goals and create a plan to achieve them. Then, they will help the small business owner to break down the goals into smaller, achievable tasks and develop a timeline for completing them.

3. Implementing Effective Business Systems

A business coach can help a small business owner implement effective business systems and processes, also known as SOPs. Systems and processes are essential for creating efficiency and consistency in business operations. 

The business coach will work with the small business owner to identify areas where systems are needed and develop a plan for implementing them. They will also provide training to ensure that everyone in the organization understands how the systems work and how to use them effectively.

4. Accountability and Motivation

A business coach can provide accountability and motivation to a small business owner. Accountability is important because it ensures that the small business owner stays on track with their goals and commitments.

The business coach will hold the small business owner accountable for completing the tasks they have committed to and provide motivation to keep them focused and motivated. This can be especially beneficial for small business owners who struggle with staying focused and motivated.

5. Developing Leadership Skills

A business coach can help a small business owner develop leadership skills. Leadership skills are essential for managing employees and creating a positive work environment. 

The business coach will work with the small business owner to develop leadership skills, including communication, delegation, and conflict resolution. This will enable the small business owner to create a positive work environment, increase employee satisfaction, and ultimately, improve business performance.

Choosing the Right Business Coach: A Step-by-Step Guide to Hiring the Perfect Fit for Your Small Business

As a small business owner, hiring a business coach can be a significant investment in your professional growth and the success of your business. A business coach can provide valuable insights, guidance, and support to help you overcome challenges, achieve your goals, and unlock your full potential as an entrepreneur. However, with so many available options, choosing the right business coach who aligns with your needs, goals, and values is essential. 

Below is a step-by-step guide to help you hire the perfect business coach for your small business.

Define Your Goals and Expectations for Hiring a Business Coach

Before hiring a business coach, it's crucial to have a clear understanding of your goals and expectations. What specific areas of your business do you need help with? For example, do you want to improve your leadership skills, enhance your marketing strategies, or streamline your operations? Understanding your goals and expectations will help you identify the right business coach with expertise and experience. Be specific about what you want to achieve and what you expect from the business coaching relationship, as this will serve as a foundation for your search.

Do Your Research for Potential Business Coaches

Once you clearly understand your goals and expectations, it's time to conduct thorough research to identify potential business coaches. Start by requesting referrals from your professional network, colleagues, or fellow entrepreneurs. Next, look for business coaches with experience working with small businesses in your industry or niche. Utilize online resources such as business directories, industry associations, and social media platforms to find potential candidates. Review their websites, testimonials, and online presence to understand their expertise and approach.

Assess Their Business Ownership Experience and Expertise

When evaluating potential business coaches, assessing their experience and expertise is crucial. Look for business coaches who have owned businesses and have a proven track record of working with small businesses and achieving successful results. Consider their expertise in specific areas that align with your goals and expectations. For example, if you need help with marketing, look for a business coach with a background in marketing or a successful track record of helping businesses improve their marketing strategies. Assessing their experience and expertise will give you confidence in their ability to provide the guidance and support you need.

Check Their Coaching Style and Approach

Every business coach has their own coaching style and approach. Finding a coach whose style and technique resonate with you and your learning preferences is essential. For example, some business coaches may focus on a directive approach, providing specific advice and solutions, while others may use a more facilitative approach, guiding you to find your own answers through questioning and reflection. Consider your preferred learning and communication styles, and look for a business coach who can adapt their coaching approach to meet your needs. A good fit in coaching style and approach will ensure a more effective coaching relationship.

Consider Fit and Chemistry 

Last but not least, consider the fit and chemistry between you and the potential business coach. The coaching relationship requires trust, open communication, and a positive rapport. Consider if you feel comfortable sharing confidential information.

In conclusion:

In conclusion, a business coach can be a valuable asset to a small business owner struggling with disorganization and chaos within their business operations. 

Are you ready to make changes in your small business?

Contact us today at 405-919-9990 or schedule a free consultation by clicking here!

How To Set Goals That You're Actually Going To Achieve

If you've ever set a goal in January only to fizzle out by February or March, you know that achieving goals is harder than it sounds. In fact, 80% of people fail to keep their new year's resolutions. 

But don't throw in the towel just yet. In this article, you will learn how to set goals that work. You'll understand the difference between the way you set goals in the past and the better way to do it moving forward.

Read on! 

Take a Good Long Look at Your Life

The best way to succeed in reaching your goals is to start by taking stock.

You need to evaluate where you are in life. Look at each area in your life: relationships, finances, career, health, wellness, creativity, and so on.

Be completely honest with yourself. It might help to do an assessment or write down how satisfied you are in each area on a scale of 1 to 10.

Then look over your findings. What areas need improvements? What parts of your life are you unsatisfied with?

Answering these questions will help you start from where you really are. Then, you are more like to make goals that are attainable and realistic because you aren't under delusions that will cause you to fail.

Once you have goals in place, you will be on your way to moving towards a life you love in every aspect. 

Imagine the Best Case Scenario 

Taking stock of your life can be shocking and discouraging. But don't worry. The next thing you will do is imagine an overarching vision for how you want your life to be.

Setting goals without having a clear idea of what you want your life to look like afterward makes you less likely to succeed. By cementing that vision in your mind, you know exactly what you're working towards.

Let's look at some examples. Some people set goals like go to the gym three times a week or lose 40 pounds. But that doesn't motivate you because you don't have a vision for what life will be like once you reach that goal.

Instead, imagine a life where you run a 10K race every 6 months and go for long hikes with your dog each week. Imagine that each Saturday you join other rowing enthusiasts on the lake and practice for a rowing competition.

That vision can do a lot to carry you as you force yourself to the gym three times a week. 

Consider the key areas of your life—health, relationships, finance, career, personal/ spiritual development. Then write down your vision for each category.

Put everything down! This is the time to dream big! 

Set SMART Goals

You've probably heard of SMART goals before. This acronym stands for “specific, measurable, achievable, realistic, and time-based.”

Non-smart goals are little more than wishes. "I want to lose 15 pounds or I want to earn six figures" don't tell you how you will do it or when.

Instead, a smart goal would be, I want to lose one pound a week by eating clean and exercising every day so that I can lose 15 pounds by Christmas.

A big part of how to set goals and achieve them is to break large goals into smaller pieces. When you do this, the goal is still clear yet it is also within reach. 

One pound a week feels much more manageable than 15.

Also, achieving the smaller (in this case weekly) goals gives you a confidence boost. Then you feel motivated to push forward to the next step.

If your goal is large, see if you can break it down to quarterly goals. Let's say that you want to get a better job that pays X amount by next year. 

Break that goal into quarterly items you can do. On that list might be updating your resume, taking training courses to refresh your skillset. 

Then the second quarter might include interview prep skills and practice interviews. The third and fourth quarter might include applying to jobs and expanding your network.

Once you have your quarterly goals mapped out. Break those down into weekly goals. If you want to apply to 50 jobs a quarter, you can break that down to 12 a week.

Set Goals in Writing

This is crucial when you want to learn how to set goals.

Just the act of writing down a goal makes it real and tangible. It also matters how you write it. 

Avoid phrases like "I will try to..." Instead, choose powerful action words like "I will..."

Put that written goal where you can see it multiple times a day. Perhaps on your bathroom mirror, or on your computer screen, or on the fridge. 

Plan Your Behavior 

Research shows that you are two or three times more likely to stick to a goal if you have a specific plan for when, where, and how you will do the behavior you want.

This ties in closely to setting SMART goals. In one study, researchers asked people to fill in this sentence: “During the next week, I will partake in at least 20 minutes of vigorous exercise on [DAY] at [TIME OF DAY] at/in [PLACE].”

What they found is that those who completed that sentence were up to three times more likely to do the exercise compared to those who set a goal but didn't make specific plans.

In psychology, these plans are called  “implementation intentions.” They outline when, where, and how you intend to implement a certain action.

You can use this technique for everything you want to change in your life. From improving your grades to being able to quit smoking.

Habit Stacking 

Another way to learn how to set goals in life is to pair your new habit with something you already do. This is called habit stacking. All you have to do is decide that you will do your new habit before or after an existing daily habit.

For example: After I pour my morning cup of coffee, I will meditate for five minutes using my meditation app.

If you are on the hunt for a better job, your habit stacking might look like this. After I come back from my lunch break, I will send out one email to someone in my network.

This is really an easy way to get into the routine of your chosen goal. If you are someone who easily forgets things, this is a great tool for you.

Also, if you are a creature of habit, you will find this technique makes it easy to start changing the way you live your life.

Habits are the little know secret for success. Fine-tune yours and watch your life change.

Align Your Goals With Your Values

This step often naturally happens after you write down your vision for each area of your life. Yet, it's worth explaining it fully.

If you set a goal that doesn't align with your core values, it will be an uphill battle each step of the way. Some people can push past that resistance and accomplish it, but many of us can't.

Also, you may not realize that this is the reason why you find it almost impossible.

Ask yourself if your goals fit into the values that you hold close. Goals that you set because you think you should won't motivate you.

It is vital that your goals line up with who you are and especially who you want to be. Perhaps you want to be a great leader because of the powerful effect leaders have had on your life. 

Remember, goal setting is so personal. Goals aren't just something that can be borrowed or passed around from friends and family members.

You have to set goals that work for you.  

Make Sure You Have a Floor

Most people when setting goals are very clear about what they want to accomplish.

But what about when you have a terrible cold or a migraine? What about the days when your kids are acting out and so you have a bad sleep? What happens when you are on a family road trip or on a business trip?

Real life happens. It's not always easy to reach the goal when life gets in the way.

But instead of feeling like a failure or giving up, there is a perfect solution.

When you set a goal, consider that your ceiling.

For example, go for a 5-mile run every day. Great, that's your ceiling. Now you need a floor. 

The floor is the bare minimum that you could do even if everything conspires against you such as in the examples above.

If your kids are sick and you are on vacation and you have a headache - what is possible and doable on that day? Probably you can't run 5 miles that day.

But can you speed walk around your block? Or can you lace up your running shoes and at least jog to the mailbox and back?

The floor will be different for everyone. But it is what you know you can do no matter what.

Then, try to get those 5 miles whenever possible. But on days when it just isn't possible, you do your floor. 

Having a floor means you didn't fail and you are still working towards your end goal.

How to Set Goals That Work 

There you have it! A detailed guide on how to set goals that work.

We hope that this article has given you the confidence to know that it is possible to achieve your goals. It is possible to change your life.

Now you know how.

Are you ready to explore what possibilities are out there for you? Book a discovery call with Michael Morrison today.