In case you haven't heard me say enough, I love hosting interactive live events for entrepreneurs.  It truly allows me to witness a group of people coming together for one goal.

Needless to say, there are ups and downs through the prep process, but I always come out re-energized & so proud of my community’s engagement.

You might say, “Live events? Wow, that’s so old school!”

I totally get it. In this age, trust and genuine connections can just be established over the internet.

But I have news for you. There is a trend that many are already talking about in certain entrepreneur communities this year that you don’t want to ignore:

Online businesses, especially online courses & info products, i.e. group coaching, have hit the fatigue point. 

Do you know what this means?

It means people are looking elsewhere for more “hands-on” experience to solve their problems to attain true transformations.  So, servicing “1 on 1” is becoming sexy again.  Building a community where people can show up & share their thoughts is making a comeback.  Some are ditching their online courses & starting to provide in-person, 1 on 1 experience.  ­

This is all happening right now.

See, this is not a “flavor of the month” kind of trend.  This can easily last as long as “make money online” lasted.

This is the reason I chose the topic of “How to Captivate Your Audience Through Public Speaking & What Not to Do on Stage” for my Meetup group this month.  I wanted to arm my Meetup members with effective public speaking skills so that they can attract more customers by sharing their experience and expertise with confidence.

The problem? 

I’m not an expert in this area.  Luckily though, I knew who was.

Tricia Brouk, podcaster of “Big Talk,” award-winning film director, and the host of “Speaker Salon,” lives & breathes coaching professionals who want to give “fearless, ovation-worthy” talks.

I’ve asked Tricia to help my members master the art of public speaking so that they don’t have to go through endless trial & error to get where they need to be.

You know that yucky feeling you get when you see something that has so much “build-up” that you just want to wash it all away?  Whether it’s the way you feel about your hair being coated in product or your brain jammed full with daily to-do’s or not knowing what’s in your bag, I am sure you’ve had this feeling before. 

There is so much going on that you don’t even know what to keep and what to get rid of unless you just dump it all on the table.

The same thing happens to our business after running it for some time.  Conducting a business detox by removing all the build-up can bring in so many new business opportunities without actually starting anything new. 

Imagine being free from the anxious thoughts of having to offer something new or to try new marketing to gain more traction.  You just need to detox your business first by eliminating stagnant areas, which will allow things to run smoothly & effortlessly.

This is, by far, the most underrated, low-hanging fruit when it comes to business transformation strategies.

Visualize a gem covered with thick mud and clay that gets purified with fresh, clear water, revealing its true form.  That can be your business!

If your business is in the season of growth and expansion, what you don’t want to do is to amplify your mess.  Many entrepreneurs tend to focus more on adding things to their businesses over subtracting time-wasting activities, and that’s not a way to go.  For more on how to find out whether your business is “scale-ready,” check out my previous post here. (Insert the link)  

“Oh gosh! Right, I’m ready to detox my business!  Where should I start?”

Glad you are game. But hold your horses for just a minute.  Here, I am going to unearth this one crucial step business owners tend to overlook.  It’s possibly because it’s not often discussed in the business community.  Can you guess what that is?

I have a random question for you.  What cell phone carrier do you use? 

I’ve been using Sprint PCS forever.  Frankly, I don’t even know why.  It’s not so much that I am loyal to them, but more so that it works, and they don’t bother me much.

However, there were a few occasions over the years when I seriously considered switching to another carrier, and I finally had to ask them:

“Why are you (Sprint PCS) giving so many incentives to NEW CUSTOMERS & not the ones who have been with you the whole time?!”

Can you relate? 

I don’t think it matters which carrier you use.  In the US, as far as I know, carrier companies are obsessed with stealing customers from their competitors and completely neglecting their existing customers. I can see that it has loosened up a bit recently, but 5 to 7 years ago, it was so painfully obvious that the only thing they cared about was acquiring new customers.

To make matters worse, most of the carriers have a hefty penalty in place for those who want to switch carriers before their contract expires.  It’s a punishment for leaving your carrier. 

How’s that for CX (customer experience)?  I say it’s a crappy one, for sure. 

You must have seen this pop-up window show up on any website asking, “From 0 to 10, how likely are you to recommend us to your friends?”  This is a part of NPS (net promoter score) in the world of CX.  In this case, I would score low for how likely I would be to refer Sprint to my friends.

To be clear, I am not ranting here about Sprint. I’m using this example purely to make my point for this post.  If this idea of being mistreated and under-appreciated resonates with this you, a long-time customer of any brand, you know how your existing customer may feel about your service.  So, let me ask you:

How have you been treating your existing customers lately? 

Do you find yourself having a hard time setting boundaries for your business?  Do you feel like there is no clear distinction between your personal life and your business?  You may be thinking you are too close to your business, and it’s nearly impossible to let go of some of the duties. Or maybe you feel hesitant to publicly declare what you do as a legitimate business.

Many of us start a business by pursuing a passion and/or what we mastered as a working professional, and then we grow it organically from there.  The downside to this is the line gets blurred between our personal life and our business. This also makes us feel like our business is an extension of ourselves, a part of our identity.  At times, it gets too personal because of this.

If you want to scale your business, you have to start treating your business like a business. 

A large part of this is because you are not going to do everything by yourself. You are going to need a team. If you deploy a team, then you need to systematize your processes.  In order to systematize your processes, you need to pull all of them out of your brain and start documenting.

So, what can you do immediately to start treating your business like a stand-alone, profit-generating machine?

Just like many of you, I was once living a corporate life.  Someday though, I knew I was going to leave this life, so I leveraged everything I could learn on the job.  I was consciously “intrepreneurship’ing” within all organizations I worked for. 

It was much later in my life I realized how fortunate that experience was and how much it impacted my business, which enabled me to skip most of the rookie mistakes. In a way, the experience allowed me to get right into making many more of the ‘other’ mistakes, but that is a story for another time.  At least, I did not have to start from complete scratch, so I’d say I was fortunate.

Finally, the dust is settling after this year-long effort of creating a versatile signature workshop, which is to be repurposed into various content.

My mission for this series is to share the process exactly as it unfolds.  As you might have noticed, I have plenty of other posts that clearly outline how to do things for your business. This series does the opposite of that.

I’m baring it all this time in order to give you taste of the mess that goes into it.  As a result, my hope is for you to feel less intimidated by any business projects that you commit to in the long term.  Creating a signature workshop can provide many opportunities to grow your business relatively fast.  I hate to see you putting this off because you feel it is too big of a task to tackle. 

It's never pretty & it's perfectly OK.

Also, I want you to see how some things happen in a way that you could not have guessed. Both good & bad. 

This leads to another mission of mine- to prove that action creates clarity.

I often hear, "I need to know exactly what I'm doing before I get started."  Sure.  Have a plan so that, at least, you see a rough path in front of you. But my problem is the word, "exactly."

Sorry to disappoint, but you are not going to be able to know that unless you start.  What you can do instead is to course-correct along the way based on what you discover as you go. 

This is a kind of ambiguity that many get hung up on. The only thing I can tell you is... trust Nike's slogan- just do it.

In this post, I'm going to show you what that looks like. Trust me, by the time you finish reading this post, you will feel like you are a lot more “put together” than I did.

To do this, let’s break it down in 5 sections.

1. What I've Done for This 3rd Round of Workshops

2. What I Did Differently to Prep

3. Challenges I Faced

4. My Takeaways: Things to Improve & A New Plan to Move Forward

5. What Does All This Mean to You?

Have you ever just wanted to hit the refresh button & start over? 

No, I’m not talking about shutting down your business. I’m talking about starting over with a clean slate, so that you can see what matters most both in the long-term and short-term.

It happens to me when I know I have strayed too far from the vision for my business by getting bogged down on daily matters. This nagging feeling of “Ugh, I need to regroup!” starts to run in the background. The struggle is real. 

At that point, my brain is fried from daily tasks, and my vision is blurred.  I know to block out some time to step away from those tasks and cut off all communication, so that I can reassess my entire business.

If you have ever felt the same way, you are at the right place because what I am about to share here isn’t one of those stuffy “annual strategy planning processes” you find online, which are all based on the idea of starting from a target revenue number first.

Frankly, I don’t believe in this method. Starting from a revenue goal can completely derail your business, as you will put too much emphasis on hitting the target number and less emphasis on achieving your ultimate business vision.

It is not even sustainable, as it does not prepare you for potential incidents, wherein some of the strategies you rely on to hit that number suddenly stop working. By the time you realize you need another strategy to compensate for the loss, it is usually too late. From that point on, it will take minimally 3 times longer to get back to where it was.

Another widely known (and used) prioritization method is 4 Quadrant Method, which was devised by the legendary, Steven Covey. By only looking at the quadrants, it does not tell much in terms of what criteria one must go by deciding exactly WHAT IS:

Urgent & Important

Not Urgent, but Important

Urgent & Not Important

Not Urgent & Not Important

On the contrary, the “Thriller, Filler & Spiller” method is fluid, yet clear.  OK, I know the name is weird. But, everything I come up with is weird. By now, you are already aware of that, and I trust you are here to get the insights you can’t get anywhere else. In this case, I know I won’t let you down.

As a business owner, you will face conversations that you perceive as "difficult" or "confronting" from time to time.  Some of you may have more experience than others by holding a managerial position at a corporation.  But even then, having rather unpleasant conversations as a business owner is a whole other category, as you are the face of the company.

There are no other bosses to blame.  There is no brand name to hide behind and say, “They made me do it!  I’m just a messenger!”

As your business grows, your responsibility of looking after your business as a whole and assessing the overall well-being of it also grows significantly. 

It could be about firing one of your employees, especially when you break my golden rule- "No family or friends for hire."

It could be about unhappy customers demanding to speak to you.

In some cases, it's about your customers wanting a refund.

It may be that you need to tell vendors you want to stop working with them.

Or, you want to fire your client. 

They all sound unsavory, don’t they?

How would you say you feel when realizing you may have to handle these business matters?

Dreadful?
Heavy?
Depressed?
Exposed?
Confronted?
Conflicted?

Is your immediate reaction:

Wanting to avoid it at all cost?
Defensive?
Apprehensive?

What if I told you, by the end of this post, you may look forward to having these conversations because you have just acquired a new perspective? 

"I don't niche down, and let me explain why it works for me."

This tweet caught my eye earlier this year while I was working on pt. 1 & 2 of this "Niche Down" series.  I was intrigued.  This statement challenged what I practice and promote, and, immediately, I wanted to know more.

It originated from an influencer who seemed to be doing extremely well.  I always liked his overall message, although I'm not part of his target audience.  So, I happen to follow him over Twitter.

Once I got to the post where he explained why & how not niching down was the way to go, I realized his definition of "niching down" was… a little off.  In my eyes, he was totally niching down. 

He just didn't see it that way.

Note, I have no intention of calling someone out just to make a point that I'm right or nitpicking on what “niche down” should be. Doing so doesn't give value to anyone, including me.

Instead, I saw this as an opportunity.  I was so glad that I saw the tweet.  This was an indication that the concept of niching down may not be so straight forward for some, and I needed to articulate more clearly as to how to get this done right, so that no one wastes time or effort.  

The irony is that his business is clearly defined and niched down, but he tells his audience he does not believe in niching down. This can be confusing to many entrepreneurs.

In this final post of the 3-part series, "How to Niche Down Your Services When Your Business Has So Much to Offer," I'm going to lay out how to future-proof this process so that you are well on your way to success. 

But before diving in, let’s address what is going on here with this influencer.

A sudden loss of a major customer, a delayed shipment, an unexpected departure of your superstar employee, an injury/accident, a failed launch, a deal falling apart in the last minute, family emergencies… Operating a business comes with many unexpected challenges. Worse yet, multiple setbacks can come at us all at once.

When setbacks like these happen to you, they can take you right out of your element. This is particularly true when you are laser-focused on achieving your goal, leaving no room for doubts.

So, how do we bounce back from setbacks fast?

On a personal note, while writing this post, I experienced a setback. 

Only a few days from my meetup live event in NYC, I had no choice but to put it on hold due to an unexpected complication with the venue, where the event was supposed to be held.

This has never happened during my 2 years of running live events.  

If you are experienced in running events big or small, you know the production process starts way before the actual event.  You may also know that securing a venue is the biggest hurdle for anyone who wants to host a live business event. 

Needless to say, it was a blow at first.  To make the matter worse, in just one-weeks’ time surrounding this setback, I have gone through a massive water leak in my apartment, resulting in a section of the ceiling falling down and a family member getting injured.  Luckily, none of these were life threatening. 

Nonetheless, they did not help me get through a setback any easier.

This experience prompted me to write this post on how you can handle business setbacks better and faster.

At this point in my career, I can safely say that I'm a pro at dealing with setbacks because I've had so many in my life - both business and personal.  As I faced numerous setbacks, I have perfected a way to handle them better without forcing myself to believe everything is OK.