What to do with Your Ideas

If you’re like me, then you have ideas coming into your head all day long.  And frankly, it can be quite distracting, contributing to the “squirrel syndrome” of chasing ideas and not getting things done on your daily list.  The question becomes, what do you do with all those ideas?

The answer is Vision and Focus.

When you are clear in your vision, in what you’re here to do, what your priorities are, it’s a lot easier to discern whether an idea has a place in contributing to that vision, or whether it should be released into the wind for someone else to pick up.

It doesn’t matter if you’re a business owner, employee, stay-at-home mom (or dad), we all have a greater vision for what we’d like our life to BE like, for what we were born to do here in this lifetime.  For me, that vision is a world that lives in greater joy and harmony that exists today.  Then you choose the vehicle for which you will contribute to that vision.

Until few years ago, my vehicle was a full-time job where I helped my team and clients reduce stress and anxiety over tax laws, allowing them to have more joy and harmony in doing their own job/business.  Currently, my vehicle is my business through which I inspire and empower people to have more harmony and joy with money and finances…which has a positive ripple effect into other areas of their life (health, relationships, family, community, contributing to their vision).  I do have another vehicle – one that involves meditation and writing.  With this vehicle, I inspire others to see greater possibilities beyond their current reality – one with more joy and harmony than they have today.

Just like the car you drive, that vehicle can change over time, but the vision doesn’t. 

So, what is your VISION?  What IDEAS are you generating that are in support of that vision?  And what ACTIONS are you taking to transform those ideas into meaningful contribution to your vision?

[author] [author_image timthumb=’on’]http://54.82.103.175/wp-content/uploads/2017/06/Linda-Spencer-Visionspire-cropped.jpg[/author_image] [author_info]Linda Spencer is a CPA, CA, Canadian Tax Specialist and Money Mindfulness Coach. Her mission is to eliminate stress and anxiety people experience around money and taxes, by empowering them with the tools, knowledge, strategies and mindsets that will put them in the driver seat of their business success and financial wellness, so they can have more harmony, joy and abundance in their life.[/author_info] [/author]

For more information on Linda’s upcoming programs and workshops, visit the Events page.

Think You Don’t Need a Business Plan?

In this video, Marcus Lemonis, host of The Profit, (thank you to Ink from Chase for posting on YouTube) tells you why you should have a business plan, and although it doesn’t have to be formal, it should be written down.  I whole-heartedly agree – writing things down provides a ton of clarity, and for me makes ideas more tangible and workable.  Once the ideas are clear, then you can develop a good plan, that answers a few key questions, against which you can execute and bring those great business ideas to fruition with much more ease than without a plan.  Statistics show that 85% of business failures are due to improper planning.  And as Benjamin Franklin said, “If you fail to plan, you are planning to fail”.  So, if you want success and better results, get those ideas written down and write out your plan (do your homework!).

If you don’t have a business plan, and/or don’t know where to start, you’ll want to read my post from last week 8 Steps to Create Your Road to Success  (8-simple-steps-create-business-success-linda-spencer).  Have questions or need help?  Contact me for a complimentary Business Clarity Session (valued at $247) Business Clarity Session Request Form

In one week, I kick-off my 4 month Success Readiness Program:  Create Your Business Roadmap to Success.  This intensive program is all about building the foundation for your business success.  Success Readiness is about learning and implementing the tools and best practices for you to create clear goals and action plans for your business.  Want more information – click Here (PS – registration closes Monday November 23rd, and there are only 2 spots left!)

https://youtu.be/qpmlKe6UoJ4

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8 Simple Steps to Create Your Business Success Road Map

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You know how it goes – you talk to financial advisors, they work with you to create a plan for financial savings and investment.  You talk to your fitness coach, they work with you to create a plan to reach your fitness goals.  You plan your wedding, your home renovations, your family vacations.  You spend time and money investing in planning in other areas of your life, why would you not do the same for your business?
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Investing in strategic business planning is essential for your business success.  A strategic business plan is your road map, your compass to guide you to where you want to go with your business.  It gives you clear direction of how to get from point A to point B without getting lost.  A good strategic business plan helps you to execute efficiently and not waste time with trial and error, or with what I like to call, the spaghetti method (throwing something at the wall and hoping it sticks).  A good strategic plan keeps you focused.
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It’s never too late (or too early) to create your business plan for success, whether you’re new to business and in the pre-launch phase, or have been in business for years.
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I get it, creating a business plan can be daunting (I know – I’ve seen the templates, tried to use them myself, and abandoned them as they gave me headaches).  You don’t need a 50 page business plan document, but you do need to invest some time and energy into the planning exercise if you want to have focus and direction.  My own business plan isn’t a 50 page document…it’s an organized, tabbed binder with different sections of business planning consideration (such as goals, target market, products & services, pricing strategies, sales & marketing strategies, financial plans, etc).

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DREAM. PLAN. EXECUTE, with ease, by going the most direct, efficient way possible.
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Having a good strategic business plan is absolutely essential to your success and the lack thereof is why so many businesses fail.  In fact, 85% of business failures are due to lack of improper planning and organization.
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But you don’t need a 50 page plan to succeed.  What you do need is a simple, executable plan that will help you succeed!  And you need to do your homework!  A written plan is just evidence that you’ve done your homework to ensure the viability of your big idea and to set a clear direction and path to success.
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Here are 8 simple steps to creating your business plan for success:


  1.  Start with the end in mind – where do you want your business to go? Write down your goals for the next year, 3 years, 10 years.  Really challenge yourself – Dream BIG!  If you think small, you’ll play small – so think BIG!

  2. Know where you are now, financially, systematically, operationally. This means you’re going to have to get organized with your financials and conduct a little internal assessment of where your are now.

  3. Analyze the gaps to see where you need to invest more time/effort/resources. What skills to you need to develop?  Where do you need to shift your time and resources?  What money and success mindsets and habits do you need to adopt to help close those gaps?

  4. Clarify your target market , understand your market and competitors, and build your marketing plan. Do your homework and get really crystal clear here – it will drive almost everything else in your business plan, including how you’re going to fill some of those gaps you identified.

  5. Build your service offerings in such a way that addresses your clients biggest pain points with ease, and create a financial plan based delivering those service offerings (focus on a few key priorities instead of trying to offer everything under the sun to everyone). You can now tweak and finalize your marketing plan.

  6. Identify systems and your team that will support you and your business. You can’t do it all yourself, as least not efficiently and without burnout.  You need a team, whether it’s hiring employees or hiring out certain functions of your business (such as bookkeeping, sales and administration).  Decide on the systems that are going to support you the most and create the most ease for you in your business.  Systems can be as simple as checklists and calendars, to full operations manuals and fully automated end-to-end solutions.   Automate as much as possible.

  7. Have back up plans for when things don’t quite go as initially planned. Every business hits roadblocks at some point – power failures, illness, market crashes, changes in direction.  And you need to be prepared to make detours so that the roadblocks don’t derail your journey to success.

  8. Start driving your way to success, and celebrate the milestones as you reach them. Check in with how you’re doing against your plans, and build in what I call reflection days – days that you take to reflect how your week/month/year went, what you’re doing well, and where you’ve fallen short, so you can adjust your course as needed.

Remember, business success does not happen over night.  And business planning is not a one-time thing.   Your plan is a living, breathing document (or binder with tabs in my case), that should be revisited at least annually (quarterly is better). Take time to stop and reflect regularly to see where you are in achieving your goals, and to adjust your course as necessary to get back on track if you’ve been derailed.
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Where you focus your attention is where you will get results.  So get planning and take inspired action to realize those business results that you want to achieve!  I love success stories and would love to hear how you’re doing so I can share in celebrating your success!   Email me at Linda@visionspire.ca.
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PS – If you are ready for assistance with building or even reviewing your plans, book your complimentary clarity call to clarify what your next steps should be.  I’d be happy to help you build your strategy and action plan for success!

Complete the following form to request a private Clarity Session with Linda

How can I help? What are your top 3 business priorities/pressing issues that you would like solved right away?

Feel free to ask a question or simply leave a comment.

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