What are your life goals? And more importantly, is your business helping you achieve them?
Everybody has goals. Yours might be to retire early, travel the world or to immerse yourself in your chosen hobby.
And your business is key to achieving that goal.
No matter the goal, time and money are essential (unless your goal is to be a hermit for the rest of your life – even then, you still need to eat!)
They say the first step towards fixing a problem is admitting you have one in the first place. And depending on your answers to the following questions, you may have to do a lot of fixing indeed…
1) Does your business leave you satisfied?
As they say, love what you do and you do what you love. Ideally, your business should do that for you.
I know, I know. Admittedly, it does sound like airy-fairy, trite and life-coach-y type of thing you’d find on the back of a gift card. However, that doesn’t make it any less important!
Let me put it this way: sure, your business may be helping you reach your goals. But if you hate every second you spend there, is that really worth it?
This is a crucial first question. Simply put, your business isn’t just a means to an end – it’s a part of your life too.
And if you want to enjoy your ideal life, that means finding satisfaction in your work. Or failing that, coming up with ways to minimise your direct involvement – you’ll be spending one third of your time there (and probably more) of your waking time there, after all!
2) Do you have goals? And does your business fit?
It sounds like a no-brainer. However, you’d be surprised by how many people completely overlook this!
Many business owners get lost in the minutia and lose sight of the big picture – namely, the goals they were hoping to achieve by opening their own business.
In my opinion, goals are the most important thing in a business. And not just things like “I want to beat my previous sales record”, but the things you want from your life.
Not only does it keep you going, but these goals also help inform your business decisions.
As such, it’s important that you keep an eye on what these life goals are.
3) Does your business make you money?
While not the be-all end-all, money is still important for reaching your goals.
Early retirement, passive income to enjoy your hobbies, the opportunity to go on that world cruise you’ve always wanted… each of these things requires money.
Needless to say, if your business isn’t bringing in enough money, you won’t be able to lead your dream life!
And if it isn’t, action needs to be taken so you can get back to enjoying your life.
Your business coach can help you turn things around. Take myself for example: I come from a background in manufacturing. In particular, my expertise was optimising production systems and processes. If the problem lies there, I can help you salvage things.
On top of helping you with systems and processes, I can also help with budgeting and planning. These provide the tools to get you back on the path towards making money.
4) How much time do you have?
Money matters. However, it’s only half of the equation. The other half? TIME.
You might be bringing in the big bucks. If you’re anything like most business owners however, you’re probably working far more than 40 hours a week – you’re probably spending the vast majority of your time at work.
How are you meant to enjoy your life with a workload like that?
Not only is time essential for enjoying your life once you reach your goals, but it’s also crucial for your mental health.
I find that in the vast majority of cases, a lack of time stems from systems and processes. Not just inefficiencies either, but also problems like business owners (read: you) looking after processes that really don’t need your attention.
In other cases, it might be because an almost compulsive desire to look after the minutia. “You’re the owner, so you need to do everything.”
As part of my business coaching programme, I take a look at the things you’re doing that you simply don’t need to.
That means looking for tasks to hand off or delegate, as well as helping to set up a business that as much as possible works without you.
Time is one of those things where once it’s gone, you’re never going to get it back. If you ask me, getting your time back is the most crucial part of business coaching!
A business coach in Melbourne can help you achieve your goals
Get in touch with Bruce today!
Okay, so your business isn’t helping you achieve your goals. Luckily for you, a business coach in Melbourne can help!
In many cases, your business can be salvaged and brought to the point where it’s helping you reach your goals. You just might need a little bit of help getting there.
That’s where business coaching comes in.
I like to describe myself as a business coach with a twist. Instead of just focusing on the mechanics of your business, my approach puts a lot of focus on how different decisions and parts of your business impact your life goals.
My programme runs for four 90-minute sessions. It mightn’t sound like much, but by the end you’ll know where the problems in your business are, and what you can do to get back on track to reaching your life goals.
After that, things can go three ways:
- We part ways, and following the plan we create, you get your business back on track
- We continue with periodic mentoring sessions to evaluate your performance and help you respond to problems
- We begin more hands-on, one-on-one coaching to solve deeper, systematic problems