Tips From A $50M Female Entrepreneur (Second Part)

Build systems to support those goals

3. Aim To Fix The Weakest Link First

Ramsden said “failure to consistently work on your weakest link will bring you down.” So here’s how it works first identify your weakest link, make changes so it’s not the weakest link anymore, pop the cork on a small bottle of champagne, but then identify your new weakest link and get back to work. In my experience, the most common weak links are:

not addressing a monetizable pain in the market (key word is monetizable), lack of a strong value proposition (as long as you’re curing a monetizable pain) and poor messaging (monetizable pain and strong value propositions must exist first).

4. Hold Yourself Accountable By Pursuing Accountability

Dr. Kjell Nordstrom, noted author and business expert, said; “we live in an alone-together society.” When entrepreneurs suffer from loneliness and separation (which we all do), Ramsden feels the structure of accountability is of “paramount importance.” Having mentors, advisers and other peer entrepreneurs who we are accountable to is a must. Matters not if it’s face-to-face or a virtual connection from a thousand miles away accountability works.

5. Establish Systems To Mesh With Your Goals

Smart entrepreneurs not only set goals they build systems to support those goals. Ramsden admitted she started out doing it “totally wrong.” Most of us determine what we want to accomplish, establish the time frame to get it done, and then work backwards to spread out the workload. But what’s missing is our system (a defined set of time set aside with the necessary tools to work toward the goal). It’s like wanting to lose 30 pounds (goal) by summer (time frame) and signing up for the gym membership (a tool); but not scheduling the one-hour daily appointment (your system) to do the workouts.

Read the full article at:http://www.forbes.com/sites/ericwagner/2014/02/04/8-simple-tips-from-a-50-million-female-entrepreneur/

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

Growth strategies for small business.

Business consulting for women entrepreneurs in Houston, Advice for women entrepreneurs, Business Coach in Houston, Growth strategies for small business, Business continuation for women, Growth for women-owned businesses, Houston business coaching, Financial strategies for small business, Small business consulting in Houston, Business management consultant, Business, Consulting, Women, Entrepreneurs, Houston, Coach, Growth, Strategies, Coaching, Continuation, Owned, Owner, Financial, Consulting, Management,