How to Effectively Assess Your Business for Growth

How to Effectively Assess Your Business for Growth

If you’re honest with yourself, when was the last time you took a good, hard look at your business to evaluate what you’re doing really well and where you could make improvements?
The truth is that if you don’t take the time to assess what’s working and what’s not, it can feel like an uphill battle to try to actually GROW and get to that next level in your business.
And if we don’t do regular reviews in our business, it can also be super hard to see how far we’ve come and the progress we’ve made!
Here are some action steps you can take to help you to better assess your biz so that it can grow more effectively.
 

Slow down and prioritize

When we review our business to highlight what’s working and what’s not, it can be easy to want to change #allthethings RIGHT. NOW.
Adding a bunch of new things to your daily to-do list and struggling to stay consistent (which I see being a challenge point for A LOT of entrepreneurs), it may be time to slow down and prioritize.
It takes 21 days to form a new habit, so why not pick one or two things that you want to improve and commit to them for 21 days? After you’ve fully integrated these new practices into your business then you can add more!
Now, that MAY feel slower, but would you rather spend 21 days making one solid positive change in your business or would you rather spend 21 days spinning your wheels on a ton of different things? Exactly.
 

Minimize decision fatigue

The ability to effectively and efficiently make decisions is KEY as an entrepreneur.
Yet some of us find ourselves in a trap where all we’re doing is making decisions or we’re making none at all. We’re not managing our decision fatigue so we’re either shutting down or making poor, ineffective decisions.
At the end of the day your ability to make decisions matters, as do the outcomes that your decisions routinely create. Meaning… just because you make decisions quickly, doesn’t mean they’re good if they don’t create success. And just because you create successful outcomes doesn’t mean you’re effective at making decisions if they take you forever to make.
Here are five tips to minimize decision fatigue so you can start making decisions that are more efficient and effective – and don’t leave you feeling totally drained.
 

Trust in yourself

It can be easy to get wrapped in making ALL the plans, taking ALL the courses, and learning ALL the things… and yet still feel completely stuck.  
The truth is you don’t have more to learn. You know more than enough already. There isn’t a magic pill, a perfect course, or a 5 step plan out there waiting to be discovered. You just need to stop trusting others and start trusting yourself. Because you didn’t need a 5 step plan for walking and you don’t need one for business.
Instead, you only need self-knowledge, self-trust, and a little support. THAT is your foundation. The knowledge, skills, etc. you pick up along the way are icing on the cake.  And more importantly… THAT self-knowledge and self-trust is how innovation happens. Not by trying to follow the rules or the formulas to a tee, but by trusting yourself enough to create your own!
 

Take inventory of your business

With all the “overnight success” stories in this industry, it can leave us feeling yucky when we don’t experience the results that we wanted as quickly as we hoped.
That’s not a reason to throw your hands up and quit.
Take inventory of your business. What daily, weekly, monthly actions are you taking? Where is your mindset? Do you have a solid strategy, and are you executing on it consistently?
If you need help taking a look at what’s working in your business, what’s not, and where to put your focus to see results… then make sure you get my MSE Framework!
It’s the condensed version of the work I do with my 1:1 clients, and it will walk you through understanding why Mindset, Strategy, and Execution are each a major part of your success (or lack thereof).
Know with each new level there WILL be a new devil, and there will be a new level of YOU that is required.
That’s why the mindset work in addition to the strategy and execution is a non-negotiable in my business. That’s also why entrepreneurship is the best personal development course you can take. Because it demands you to expand your comfort zone and expand to that new level.
And let’s face it, because not only do we have to DO the things that get us what we want, but because we have to figure out where the gap is between what we’re saying we want, and what we’re doing to make it happen!
 

What about you? From the above steps, which tip given can you begin to implement in your business?

 

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Lacey Sites

Business mentor and success coach for women entrepreneurs. I run two successful online businesses and have my M.S. in mental health counseling and my M.B.A. I’m also a dog mom, travel junkie, and wannabe rock climber. And most importantly? I am living a lit up life.
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