The Entrepreneur’s Deadly Diet: High in Copy Cat Fats

We know that things in our diet make us sluggish: white flour, sugar, saturated fats. But what makes our thinking and creativity sluggish?

Let’s take a look at why we eat what is bad for us: it’s comfortable. It serves us in some way–and because we don’t want the pain of losing it, we justify maintaining the status quo. We look around at the immediate feedback we’re getting from our bodies and our environment and conclude that we’re still safe. No diseases cropped up in the annual check-up, so Big-Macs and Marlboros clearly are not so bad. We give ourselves permission to do what we know kills us slowly because right now, we’re doing okay. We tell ourselves that the experts are overreacting. And best of all, that we are special, carrying immunity against all of the predicted dire outcomes. Cancer schmancer. No signs of it here. Puff. Puff. Chomp. Chomp.

All in service to feeling good with the status quo now. [Read more...]

Determining Your Target Market: 6 Ways You’ve Probably Not Considered–Part 2

This is the 2nd in a 6-part series on mastering who your sliver-population market is. I’ve said to my students and clients for years that your market *is* your business. Without a market, you have either an unwieldy, undefined business or you have no business at all.

It is your market that will determine how you sell to them–the communication that will actually work.

Your market that will determine the free and paid programs you offer.

Your market who will create your expert-status.

Your market who will make you money.

And your market who will determine your destiny. If you are here to change the world, it is only a very segmented population that will help you do it.

There are many things I ask my private clients that enable them to take the vital step of shaping their all-important market, and recently, I’ve been directing them with these 6 tools. Today, I’m giving you the 2nd one.

 


2.    The 4 Criteria

I have found these 4 questions quickly answer whether or not a market is a smart decision. You need to have a sense of a market in order for this to help, but once you have an idea of one or even two markets, measure your options (independently) against these 4 criteria:

On a 1-10 scale (0=not at all; 10=extremely), how would you rate your TM option on the following:
 
1. How “on the surface” is their awareness of their pain?

2. How credible are you to them? (They would believe you; respect you; resonate with you.)

3. How passionate do you feel when you think of working with them?

4. How able are they to pay for you?

Every single one of these is important.

And you want to be answering at an 8 (lowest), and preferably a 9 or 10.

If a market is a 9 or 10 in awareness of their pain, this is very good. It means they have an urgent need, and your business *must* be “urgently wanted”–or you will simply sit on the shelf as a one-day possibility (if you’re lucky.) Sound familiar?

You are credible to a market if you have been through what they are going through; if you have overcome what they’re in the midst of; if you express beliefs that immediately align with theirs. If you are an 8-10 in credibility, there is a high likelihood that they will buy you.

You must be at a 9 or 10 in passion for your  market. If you are a follower of mine, you are here to effect change in the world and must want that change for a particular segment far more than for any other segment. You must be passionate about what you see is possible for them; what you think they’re here for–after all, you’ll be helping them get it. I am off-the-charts passionate about visionary entrepreneurs, those who are here to inspire change. I could do what I do for corporations, but I believe the world should be run by entrepreneurs, so I have no interest in helping executives. I used to work with any type of coach and consultant, but then decided that I only had interest in working with those who want to have a powerful impact in the world. I believe they have a purpose on the planet at this time and am extremely passionate about that and them. So, they are now the only type of service provider I work with.

And finally, needless to say, you want your market to be able to pay you at an 8, 9 or 10 level. If you answer anything lower than an 8, you will pay for it.

So, what are your answers when you take yourself through all 4 criteria?

Unsure of Your Purpose? 8 Questions to Reveal An Answer…

I was asked by a colleague, Jill Berquist, to be on her weekly community call and speak to “those in transition” about Inspired Leadership. Now, I’m used to speaking to entrepreneurs—and visionary ones, at that—so I had to take a few moments to consider what I could say to folks who aren’t sure where their feet will land next. They want some sort of direction.

What I wanted them to understand, first and foremost, is that they have it in them to lead. They’ve been around the block a time or two and have amassed a storehouse of knowledge and wisdom. My job was to help them see that there is a natural leadership role waiting for them. I ended up taking them through a series of questions that I believe will help anyone—an established entrepreneur, or you, if you’re not sure yet of your purpose in the world.

But first, we need to define “leader”—which everyone and his mother has done for the last sixty years. But here’s my definition—and note the four distinct parts: A leader 1) has something to say 2) that is unique, 3) relevant—and has 4) direction for people, a clear sense of the destination that would be most helpful for them.

An inspired leader has something to say that inspires others to a destination that has them aspire to something greater.

If that seems daunting–and I thought perhaps it would seem so to the audience on this call–it isn’t at all and I wanted them to know that immediately. So I told them that the fact is, all of us have opinions about what is most helpful for others. We all have a “destination” we believe is most helpful for others to get to. It’s just a fact. Even those of us who believe in “live and let live” and don’t like to put forward opinions…have an opinion about that, and probably believe that philosophy is a very helpful destination for everyone!

So, I had the attendees look at the idea of leadership and purpose with the following questions. Are you ready to take yourself through them?

  1. What area of life do you feel you have an opinion about? You have knowledge and wisdom because of some experience in it? The 6 areas of life are:
    1. Romantic relationships
    2. Health and wellness
    3. Parenting/Family
    4. Finance
    5. Career
    6. Mental/Spiritual Potential

  2. Now, in just 1 sentence: What is the most amazing or critical thing you learned about that area when you were going through your experience of it?

  3. What was the pain you had PRIOR to that realization?
    What feelings did you have that hurt?
  1. How did you get out of that pain?
  1. Imagine having about twelve people with the same pain in a room with you. Answer this in one very succinct sentence: What opinion would you offer them about how to alleviate the pain? (One sentence.)
  1. If you could alleviate this pain for thousands, would this satisfy you profoundly?
    1. If not, what is missing?
  1. If “yes,”—What would you encourage them to aspire to? What “destination” (intangible, perhaps) would you inspire them to reach for?
  1. What vision comes to mind for the way that you would lead them there?

Of course, as I said, as a leader, you will have something unique to say (and relevant.) We’ve covered the “relevant” piece in these questions. Now, the final question—the BIG one—is what could you say to them that is provocative and fresh…new to the ears?

Good weekend thinking, don’t you think?

(BTW, that’s the work I do. You may always email me to find out more!)

Passing on Tips from Michael Port’s Mastermind

Last week, June 16-18, twenty incredibly wonderful entrepreneurs gathered in the quaint town of Lambertville, NJ, in the conference center of the Lambertville Inn, with Michael Port, of BookYourselfSolid fame. For pictures, check out my facebook page. A lot was covered, with everyone coming in at different levels, but I wanted to share with you some of the tid-bits from the weekend. Enjoy…and *consume* them! 1. Target market is EVERYTHING. (I tell my clients this ad nauseum.) As with my own clientele, 85% of the people in the room (out of 20) either had no target market, OR didn’t have a narrow enough one. NEW TIP: you can choose a target market around a common interest of theirs: 2 examples that came up—“golfers,” even if you do not sell anything for golfers, but it’s a strong hobby of yours; or “Christians”—even if you are not selling a Christian item. This is actually a brilliant way to instantly accelerate the “trust-factor”—because you will have an emotional bond with them that is stronger than anything else. 2. Imperative question: What kind of business do I want to be in? How do I really want to spend my day? Do I really want to be on the phone?? Do I really want to do group calls? You answer determines your business model. 3. Information Products—worry less about your price, and more about how many units you’re selling because that is the indicator of how many clients you’ll get. Must help them “consume” your products with immediate and compelling follow-up. 4. How are you doing with your processes? Like, the steps you go through when doing anything for business? You should have them written down so that if something happens to you, someone else can step in, take over the steps, and know when and where to implement them. For instance—getting out your email newsletter involves a certain # of steps. Write each one down. Then do it for getting a blog post out, etc. TEDIOUS work, but essential. 5. Have you planned out your deliverables for the next 12 months? What you must produce, how much it will cost you, how much it will make you (for each one). Then, break that into 6 month and 3-month deliverables. 6. Look into “live support” software! A window pops up on your screen so you can see when anyone is on your website!! Then you can do and introduce yourself to them and ask if you can help. Cool, huh?! (Ask your web-designer about it.) 7. Put your opt-in box on the bottom of EVERY BLOG POST! 8. Getting lots of mysterious spam lately? It could be because you have your email address on your site with the @ sign. Change @ to this exactly: “at” 9. Some URL’s to check out:             www.Gomockingbird.com—design the layout of your website with this cool tool, and then send it to your graphic designer!            www.Basecamphq.com –manage all of your products. People swear by it. I’ve never used it.            www.Backpackit.com—if you’ve got a team; this is great. People at the seminar were raving about it.  Or www.37signals.com that includes the 2 above, plus others.             www.Highrisehq.com–a web-based CRM software that prepares you for your next call, meeting, pitch, follow-up, and sale.             www.Uberview.com—plugin that pulls in all twitter mentions into your blog comments.             www.Solid.ly—(One of Michael’s new businesses): Simple, sound and satisfying daily activities to build your network and get booked solid. It’s in beta right now, so you can sign up to be one of the first to try it! What from this list stood out the most for you?

The First-Ever Teleclass Game Show Was a Hit!

I gave a teleclass this week and last where my listeners were contestants! The entire group had to fulfill a single task in just 3 minutes, with some basic raw materials. I told them what needed to be accomplished but that “how” they accomplished it would be all up to them.  I let them know that to “beat the clock” would require creativity, ingenuity, fearlessness, passion and dedica- tion. In a nutshell, it would require leadership and cooperation—the two key words of the “new paradigm” we, as a species, are moving into. I then told them that this task was going to teach on many levels. It would teach them about how to teach (the reason they were on the call in the first place); it would teach them about leadership—theirs and others; it would teach about their own fears, inhibitions, doubts and strengths. And it would teach them about the ability to enroll others in a vision. So, how did they do on this task? Class One, from Thurs. Feb 24, did not beat the clock, set at 3 minutes. They came in at 4:23. Yesterday’s class came in at 4:52. First, I congratulate ALL of them for being there in the first place. I didn’t record this and they knew they had to be there live, and they were. And I congratulate them for playing the game at all, with a bunch of strangers!!! So, woo-hoo to them!! But what was the hold-up with the time? The task required “leaders” to step forward at 3 different points. Their roles were very simple. Nothing confusing (I’d made sure to give them a chance to ask any necessary questions), but they had to step forward. And do something that could have been viewed as silly by the group. Group One leaders came forward rather readily; their breakdown had mostly to do with time-management. Group Two, however, was reticent to step into leader- ship roles. To encourage them, I reminded them, “How you do anything is how you do everything!” Because, as I had told them, this would teach on many levels, not the least being seeing how they react to the threat of looking foolish, or to the threat of being imperfect (!) –because how they react here is how they react every- where.  And I reminded them of the truth: that they are being called into leadership, as this world we live in rapidly changes. I reminded them that this is their calling. Yet still, Group Two (and to some extent, Group One, too) hung back. Now, I was teaching them Page 13 from my Secrets of Impact & Influence public speaking training. I call it the  ”10-Don’t-Bother-Speaking-or-Teaching-Without- These” Factors of Deep and Rapid Learning (and this Beat-the-Clock game was implementing all 10, though they didn’t realize that until later.) But for me, what was taught most profoundly was the hesitancy around leadership. Group Two was in competition–and I could feel that there were several on the call quite into beating Group One’s time–and yet that wasn’t enough. Now, of course, eventually, all 3 leaders DID materialize.  And they did an amazing job of carrying the entire rest of the group forward. So, the leaders stepped up! But it took something for them to do it. And we didn’t have enough time on the call to review what it is they said to themselves to get them to speak up, but I’m going to ask them to come on over here and tell us their story. What got them to finally move into leadership? Have you ever been in a similar situation? Where your leadership was being called forth? How did you react? Did you wait to see if someone else would step forward first? Did you hear chatter in your head that had some- thing to do with fear of making a mistake or looking foolish? Or did you come barreling to the front of the proverbial (or not) room? Leadership is calling to all service entrepreneurs at this time. Inspired leadership, in particular. Are you ready? I’d love to hear some of your experiences! And leaders from the calls–let us know what finally got you to move onto center stage! Thank you to everyone who participated in the very first teleclass game show! It was a “hoot” and I learned so much! Hugs!

8 Sessions with 2 Financial Coaches Who Want Clients

I had an 8-session consultation with two financial coaches who wanted more clients to walk in the door. There was one thing they were clear on: once they had clients, these two coaches would do amazing work with them. The trick was getting them in the door! Sound familiar? Over the next 8 days, you’re going to get the chance to “eavesdrop” in on my sessions with “M&M” and get some ideas for your own business. This is just a sampling of the work I do and I decided to make it public—not just in these blog posts, but in a CD product I’m launching next week! You’ll be able to get the actual sessions, plus 2 great bonuses, starting next Tuesday. So Session 1 with M&M. Of course, I need to get the lay of the land: how long have they been coaching, who have they been coaching, etc. They tell me they were trained through Dave Ramsey and have been coaching couples on and off for ten years, mostly giving their coaching away. Now, they’re ready to make money! I am pleased to see that they have a somewhat Brain-Sticky differentia- tion already, promoting themselves as, to paraphrase, the “seasoned couple working with younger couples.” This is, of course, very appealing, as what younger couple wouldn’t want to be guided by an “older and wiser” couple, who had weathered financial storms in marriage? I am also pleased to see that they have a target market! I can’t tell you how many service entrepreneurs don’t. “Couples” is still too broad, but we can begin to focus this down by looking at the age of their market’s children. Do M&M work with very new couples, who have newborns? Or those who have preschoolers? Or are they in high school, facing the issue of college? Each “era” has its own difficulties and it is critical to know which difficulty they want to address as coaches. They tell me that most of their clients have children in elementary-school, indicating that (generally), the parents have been married at least seven years, and up to 14 years.  These are often pressure-cooker times, when the honeymoon is over, financial issues are no longer ignorable and volcanic eruptions occur. I begin to take M&M through a process I call the “Trigger Event.” The fact is, humans walk around thinking they can handle most of their issues by themselves, or at least with the help of friends and family. But something happens, one day—in fact, one moment—that triggers their dawning reali- zation that they need help. This is a tough exercise for most people, and M&M and I move right in like “Google Earth” on their couples, looking in on a typical scene when such an awakening might occur. They decide the couple is reviewing a new credit card statement and we move through the entire scene: what the conversation is like, what eruption occurs, and what finally “pops the cork;” has one or both of them blurting out, “We can’t do this alone!” Why is this important to know? For starters, it is critical to understand that you won’t make money if your market isn’t hungry—and they aren’t always hungry. I always tell my clients and students that your greatest competition is not someone else, but rather the idea, “I can do this myself.” But there will be a tipping point when they are in such pain or frustration they are finally ready to spend money. And you want to know what that pain is—on a very specific level —so you can refer to it in marketing copy, creating intimacy with your market as they “self-identify,” saying, “That’s me!” —and so you can potentially influence that trigger event in those who haven’t had it yet. The trials and tribulations are there in the background, like a humming furnace, but they haven’t realized they need help yet. You can help them realize it, by talking about those moments, only if you know what they are. So, what is a moment that would wake up your market from enduring and tolerating whatever is not working for them? Would love to hear your ideas below! And be sure to come back tomorrow, when M&M decide on the strategy they’re going to use to get more clients!

Get Your Heart On Straight

All of us are bombarded with “buy this!” messages, and as business owners, I think we can sometimes drown in the self-doubt these messages activate. “I should be doing that?! I didn’t know that!” Furthermore, “inspired entrepreneurs” —those wanting to change the world—can easily drown in the constant quest to do it “right” because they feel a bit out of sorts in the business arena, and so grab at countless promises, praying they’ll be a life-line. In other words, there’s a lot of fear that passes through the hearts of coaches, wellness practitioners, authors and speakers when it comes to business. And fear, as we know, is entirely corrosive. It eats the healthy parts of us and all too often kills our businesses all together. Today, I’d like to make a suggestion: Get your heart on straight. Take your head, in fact, and set it aside for a while as you re-acquaint yourself with the meaning of your life. Your mission. Your mission. You. You have one. One that is independent of your business. Ask yourself, “What am I here for? What am I very clear I am not here for? What is my highest purpose on this earth?” And put it on paper. And ask yourself, “Am I living this?” If you’re not, it is absolutely time to get your heart on straight. Then, step your thoughts back into your business. What is its highest purpose on earth? What is it to accomplish that will move humanity forward? At the very pinnacle of its success, what will it have achieved…that is important to our evolution? Be called by something bigger than yourself and the marketing messages you receive constantly will fall into two categories: those that do not match your personal and business missions, and those that do. This will be clear to you and you will be far better equipped to say no to the wrong ones and yes to the right. The fear and self-doubt these messages can invoke will also fade as purpose–far greater than your little self and your little business (not to be condescending, but just factual)–fills your heart and transcends the minutiae of daily marketing messages. Something must both anchor and emancipate you as you move through the busy-ness of your business. Otherwise, you will be swallowed up by the latest fads, trends and concepts—in the hope that one will be your savior. Your “savior” is connecting back to what you are here for. And then ensuring that every action you take aligns with that–including the business you offer and the way you offer it. So, get back to the basics and get your heart on straight. Putting your personal mission and your business mission into words—and then sharing it with others—will ground you when you get unfocused, and free you when you get tangled in fear and self-doubt. You are here for a reason. When you do business from that realization, nothing will stop you, and you will pull to you the right and perfect guidance. This is the first “Strategic Inquiry” we address in my upcoming 12 Sentences Business Creation & Articulation Course. More on that soon.

Can Anyone Else Figure Out Your Message? And Do They Buy It?

48 hours ago, a group of very special people were taking part in the 2nd day of my public speaking training, Secrets of Impact & Influence. I can’t tell you what they were doing–because that’s one of the secrets– but they were under some pressure to put into practice everything I had taught them the day before. I just love doling out pressure to my students! Anyway, at a point later in the day, I was helping them look at the big picture of where their presentation fits into their business–because they were all visionary entrepreneurs with big messages that they want to deliver. Here they were, learning how to be better than trained teachers and absolutely better than 99% of presenters out in the word–but then what? Since you have a message, too–and since the time has come for you to come out of hiding and deliver it–I think it would benefit you, too, to realize the necessary components of getting out there and successfully spreading your word while also successfully building a business! So, you have an idea of what your life-changing message is, and you have years and years of experience, knowledge, wisdom and insight to share that will change the world. What I have come to learn myself is that those with big messages often get buried under the largeness of everything they know–and have a very  hard time speaking about their messages clearly. For instance, I can’t tell you how many people say to me, “Lizabeth, I have so much content. How do I know what to put into a presentation?” They’re buried…and that’s just pertaining to a single program. What about their business at large and trying to describe that in a succinct manner? It’s just like their content: it’s too big, too unwieldy. So, how do we speak when something is too big, very UNformed, and consequently, very unclear? We ramble, go off-point, say things that have no relevancy to our prospect–and we lose them. The NUMBER ONE element missing from business clarity AND clarity around what to put into a presentation is strategic thinking. I’m not sure why, but most visionary entrepreneurs, with big messages and lots to give to others, are putting out fires daily and NOT thinking out every step in their business. They’re trying to make money today, right now–and not planning how that quick-fix will fit into the long-term, or even if it does fit in. Very often the class they create on a whim, or the coaching offer they make just to make money for the month, has no bearing on the big picture, and they are like hamsters on a wheel, having to create something new to offer every month. It’s exhausting because nothing they’re doing has roots. There is no strategy.  Sounds familiar, huh? So, what can you do? You have to take a time-out; incubate yourself for a critical period of time and take stock in where you’re going and how you will make money. Not just for today, but for always. What is the business model you should be developing that will work for a good solid few years? That is determined by knowing how you plan to disseminate your message, ultimately. Do you want to be a coach only? Do you want to have a radio how with sponsors? Do you want to be a keynote speaker? Or a trainer, like I am?  You must know who you want to be at the “pinnacle of your success”–and then build your business model from that knowledge…and yes, that often means revamping the business you have had for years! In this incubation period, you must also check to see just how market- able you really are. Do people want your message, really?? Or has that been done to death? And if someone does want your message–who wants it–and do you know why they want it so much? Do you know what wakes them up in the middle of the night and what they fantasize about? You must–IF you want to successfully deliver your message to them. Also, in your time of incubation, you need to know precisely how you’re different from everyone else out there. How do you set your- self apart  in dynamic ways that stand out? Here’s one idea, something a little radical: stand out by standing on top of a proverbial mountain top and shouting your “prescription for change in the world.” What is your belief of what will change the world? (Not your business solution, but a solution that transcends that; that is a universal truth.) And here’s the radical part: say that in your marketing. Shout your beliefs in your marketing. This will set you apart from all others without question! Next, in your incubation period, you must come to understand what your business thesis is. You know what a thesis statement is, right? Well, you need one–a clear, concise one–for your business. What is your contention, as the expert of your service? You have one, but I guarantee you are not building your entire business around a strong, clear, well-articulated business thesis. Very few businesses do this–and it is even rarer for the “inspired leader”-type to think this way. So now, you have a business vision…you know you’re marketable and why…and to whom, specifically…and what will have you stand out from everyone else who does what you do…and you have that “from-the-mountaintop” message…and the thesis statement that your whole business stands on. Whew! You’ve put yourself into a strategic pressure cooker! NOW–and only now– you know HOW you should deliver your message! With all of that work, you know what your programs and presentations should be. No more confusion about having too much content. Suddenly, your business isn’t unwieldy, and you can speak about it with crystal clarity and conciseness so people are interested in hearing your message. Personally, I believe that all of that strategy needs to be refined so crisply and tightly that you could express any element of your business in a single sentence, if asked. So, if someone says, “What do you do?” You can answer–in a single, potent sentence. If someone says, “I know someone who does that.” You can swoop in with a killer sentence that shows them that, no, NO ONE ELSE does what you do. Here’s how you’re different. And if someone wants to know the tangible results they’ll get from working with you–you can rattle them off, like bullet points, in a single sentence. What you can describe in a single sentence, you fully understand. What you canNOT, you do not. I believe there are 12 questions that are always lurking in the minds of your prospects. If you can craft compelling and pithy answers to each of them–and speak those–you have the ability to convert. Period. If you cannot, your conversion rates will be very poor. You need to have your business identity so refined that you could balance your business on the head of a pin. It is that clear. Is yours? My mission is to ensure that visionary entrepreneurs succeed! That they’re messages are truly received AND that they make money and have a solid business model that works. I am devoting myself to those who are changing the world with their messages because failure is not an option! They are needed too badly. To that end, I offer a high-octane online program called “12 Sentences” and it starts next week. It is THE “incubation course” of all time and if you are ready to birth a business that is powerfully set up to truly deliver the messages and content you have–I invite you to attend one of the 3 free calls I’m giving this week, where you can find out what the course entails. Just click right here to sign up for the calls Tuesday, Wed and Thursday this week.