Client relationships are tricky, especially as an entrepreneur. I wish there were strategies for us, Corporate Misfits, to use to help us get along with every client we have. When you think about revenue for your business, it can be tempting and natural to want to do everything you can to preserve those relationships indefinitely.
Though we want to save our client relationships, sometimes we have to let the client that is not serving our business well go.
At some point, it doesn't matter how much money you're making if you're miserable; and if you or your team do not enjoy dealing with your client, this can cause chaos and loss of money. Here are my tips to help you know when it's time to fire a client in your business.
Here's what you'll learn in this episode:
How to Know If Your Product Is Going To Be A Hero
Have you ever watched the hit show "Shark Tank" on ABC? I fell in love with this show from the start when my former professor was featured on season one, pitching her clothing line.
Though Shark Tank is an excellent show for entrepreneurs, it does not show the full pitch or the whole behind the scenes conversations between the entrepreneur and shark. Show how do you know if your product is going to be a "Hero" like Lori Greiner say's or if your product is "dead" like Kevin O'Leary says.
To help you know if your product is a "Hero" or "Dead," I want to share a few questions from Lori Greiner's book "Invent It, Sell It, Bank It."
Let's dive in:
1) What is my product?
2) Does it solve a problem?
3) Is it unique?
4) Is it something people will need or want?
5) Is it demonstrable?
6)How do you make it?
7)Is it safe?
8)Who is your target market
9)Is it consumable?
"Start The Right Business Bootcamp"- Are you an aspiring female...
Welcome to another episode of The Corporate Misfit Podcast! Tell me, have you ever praised busy in your business? You know, the mindset of I have to "Hustle" to build my dreams. Or, I have to work 24/7 to be successful. This mindset is causing more entrepreneurs to experience burnout, stress, overwhelm, and even business failure.
As a recovering workaholic, my goal is to help entrepreneurs escape the "BUSY" trap so they can live a fulfilling lifestyle and run a business that lights them up!
1) Busy doesn't mean important
2) Stop the busy brag. It's not a badge of honor
3) Facing burnout, stress, and overwhelm
4) Discover how to play and have fun in business
5) Learn to delegate
6) Explore ways to take care of your mind, body, and soul
"Start The Right Business Bootcamp"- Are you an aspiring female entrepreneur? Join our Start The Right Business Bootcamp. A 5-day business challenge to help women like you build your dream business with clarity and confidence. Click...
Happy Wednesday, Corporate Misfits! Welcome to part 2 of the annual goal episode, where I'm sharing behind the scenes of how my team and I plan our year in my business. If you haven't listened to episode #71, check out the first part of how my team plans our annual business goals.
Put those earbuds in and listen right away but if you want a sneak peek of what we talk about during the interview, here you go:
"Start The Right Business Bootcamp"- Are you an aspiring female entrepreneur? Join our Start The Right Business Bootcamp. A 5-day business challenge to help women like you build your dream business with clarity and confidence. Click here to join now.
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In this episode, I'm chatting with my friend Holly Gillen, who is the founder of Holly G Studios.
Hear how Holly's life reflection at 30 years old led her to start her own production business.
Holly empowers modern online entrepreneurs, thought leaders and influencers to go from confused to confident and from fearful to fearless on both sides of the camera.
She teaches them the skills they need to create not just videos, but Business Cinema™ Business Cinema is the way that she likes to describe the next level video. Video with a plan, a purpose, a strategy, and a system. Not just creating a video for the sake of creating a video, but creating videos that actually move your business forward.
Holly started her career video production in 2008 as a Camera Operator, Producer, and Editor working with big industry names including the Sundance Channel, Sony Music, Nick.com, HBO, Bono, Big Time Rush, Forest Whitaker and many others.
Her skills and experience run the...
What am I going to do about health insurance? This is a common question that aspiring entrepreneurs ask themselves when looking to leave the 9-5. Shopping for health insurance is on the very bottom of my “entrepreneurial excitement list”; however, it’s super important.
There are a ton of health insurance options out there for the self-employed. It may take some digging to find an option that meets your current healthcare needs, however, it’s well worth the effort.
While I’m no insurance broker, I’ve spent countless hours filtering through hundreds of insurance options for entrepreneurs and hoped my own research may be of assistance to other Corporate Misfits in the market for some medical coverage.
Put those earbuds in and listen right away but if you want a sneak peek of what we talk about during this episode, here you go:
You've probably heard before that entrepreneurship isn't for everyone, which probably makes you question your ability to launch a startup .
But for many aspiring entrepreneurs, the desire to do something on their own and be in charge of their own destiny is enough motivation to leave a 9-to-5 job -- regardless of their current professional status.
Pursuing entrepreneurship is not only a career choice but a lifestyle choice, so you want to make sure you are doing it for the right reasons. If you are starting up only to gain money or power, you will not likely achieve success.
Questioning if you're cut out for entrepreneurship is normal (ACTUALLY IT'S IMPORTANT TO QUESTION YOURSELF).
On today's episode, I am sharing how to know if you're really ready for entrepreneurship.
Have you heard this before in business... "The Riches Are In The Niches?"
Sometimes as new entrepreneurs niching down your audience can feel extremely scary.
Several entrepreneurs believe that if they target everyone they have a better chance of making sales and getting their products and services out into the world, rather than narrowing down their audience.
When I ask business owners who their target market is, many tend to respond with “everyone”. The translation is no one.
How would I know? At one point in time, I tried to service the widest market possible.
Serving any and everyone is a huge mistake.
In today’s episode, I want to share the benefits of working with your niche audience.
Here are a few reasons as to why it’s important in business to identify your customer niche:
Let me guess... You've been looking to start a business. You even have your business idea painted out perfectly in your mind, but you have no clue how to turn this dream into reality.
Just when you think you know where to start "Shiny Object" syndrome arises and causes you to rethink this business idea of yours.
I've been there and done that way too many times that I'm willing to admit. This is one of the reasons why I started the Corporate Misfit Club for female entrepreneurs.
Since starting The Corporate Misfit Club®, my team and I wanted to create an annual virtual summit that would serve as the catalyst for aspiring female entrepreneurs and new business owners around the world to easily make an exit plan, build the strategies, relationships, and expertize they need to rapidly start, launch, and accelerate business growth.
It's called Corporate Misfit Women's Summit, and it will bring hundreds of innovative female business owners and...
Let's face it, many of us are afraid to leave our 9 to 5. Though we want to start our own business, we begin to focus on all the benefits the job has to offer. Whether it be your matching 401K, health benefits, or personal time off, these benefits cause us to reconsider leaving.
On today's show, I invited Renee on because as aspiring entrepreneurs, you'll experience self-doubt from time to time when looking to leave your "secure" 9 to 5. I love Renee's outlook on leaving your "secure" job to start your own business. If you have questions about leaving your 9 to 5, or if you're second guessing yourself when it comes to starting your business, Renee will walk you through how she left her "secure" 9-5 and how she is helping others do the same.
Renee has over 15+ years of experience in the corporate world. She has had management roles in HR, international healthcare and project management. But the role she loves the most is Job Exit Strategist for her own company, Renee M. Lamb, LLC....