A Successful Business Strategy: There Are No Competitors Only Partners
Legacy signals
Legacy popularity: 1,336 legacy views
Does that sound pie in the sky to you? Does that make me sound like I don't live in the real world of business?
Trust me I do, after 25 years of working for myself, this has become more and more clear to me.
Even as a therapist in private practice, it was a competitive world. In the world of coaching competition takes on a whole new outlook.
If I really think about it most of my 'competiveness' comes from competing with myself. Can I do better at this than I did before? How can I make this program better than the last? How can I make more money than I did last year?
It's not about my competing with someone else's business only the competing I do within.
Now, I understand that those of you in the corporate world or other highly competitive jobs markets probably think I have a screw lose. And maybe that is true, but I really do try very hard not to compete with other coaches or business owners. If I do compete, I end up comparing myself to others.......which has never worked out well for me. "Compare and Despair." This is not a good place to be.
There are always going to be businesses that surpass you and there will always be business owners that wish they were like you.
There are so many ways to work in your own businesses and share your successes and wisdom with others. When you can step out of competitiveness, you grow as individuals as well as business owners.
Here are a couple of easy, tried and true ways to do business as partners:
1. Mastermind groups are a wonderful fun way to grow in multiples of ways. Not only do you get an opportunity to share your expertise and strengths with others but they can share theirs with you as well.
You each bring to the table (or phone) a wide range of experiences, education, expertise and simply just who you are, warts and all.
Tight knit groups of women can be formed easily, and I am not thinking 'sororities' here! Now, that can be competition! Who has the cutest boyfriend, who has the most friends, who dresses the best..............we are way, way past those days!
Groups of women together, such as in a Mastermind group can be very powerful for every single member.
To learn, to grow, to develop new relationships and to grow each of your businesses is about as powerful and fun as it can get!
2. Another powerful way to work together as partners is to form Joint Ventures (often referred to ask JV's) These are two or more partners who work together as a team, putting their strengths and expertise's together to offer to a certain group of people.
It's collaboration. It's a way to give more and in the end, get back. You may grow your list, add money to your purse, get more exposure for who you are and y our partner will do so also. It's a win/win for everyone.
I'll take that over competition any day of the week!
Further reading
Further Reading
Article
Be Honest. How Much Money Will You Have to Retire On When You Stop Working?
I wonder how many of you even know. I'll bet a lot of you don't know. Or you kind of know but not really. It's vitally important for you to know. For some of you, if you have a more 'elaborate' retirement planned (lots of travel etc) you will need more than someone who has very simple wants and desires. There certainly is no right way but you need to know your truth. One of the lucky things about being a woman is you generally live longer than men. Wonderful!! But you will need more money.
Related piece
Article
When Is a Good Time to Ramp Up Your On-Line Business and Your Life?
Is there ever a bad time? I don't think so. And I also believe that if you ramp up your business your life will change and if you ramp up your life, your business with change. I really don't believe you can separate the two but for now I want to focus on your business.
Related piece
Article
How important is an Ethical Will to Boomer Women? Very.
Ethical Wills have been around for many generations but seem to be regaining their strength. That may be simply because many of you are getting to the stage in life where you begin thinking about what you are passing along to your children or other loved ones. Another term for Ethical Wills might be a “Values and Vision Statement.” In a nutshell, it is a tool for passing your memories, values and traditions to your loved ones and future generations. Keep in mind that an Ethical Will is not a legal document.
Related piece
Article
Do You Have Enough Revenue Streams in Your Business? Do You Have Only One?
If you don't have more than one revenue stream please read this article carefully! By having only one income stream you are putting yourself in financial danger. Let's say you just work on 1-1 with clients. What happens when times get slow, like in the summer or holidays? Where will your income come from? We all need income right? Plus, with only working 1-1 you are constantly looking for new clients and not only can that be a pain, I don't want you coming across as desperate for clients because you will push potential clients away.
Related piece