Business 2013; Go Big?

Eagle

Eagle

“Come to the edge,” he said.

They said: “We are afraid.”

“Come to the edge.” he said.

They came. He pushed them and they flew.” Guillaume Apollinaire

Greetings Friends!

The last couple of weeks have taught me something huge about possibilities for success.   Due to a series of unfortunate events I find myself in Los Angeles without a car–probably for another couple of weeks.  The interesting thing about it is suddenly I can be up at 4:00 AM–something I couldn’t seem to do previously (despite big plans for getting in shape this year).  With public transportation being my only option now, I’m out of bed and up and at ’em in a way that probably could have made a big difference in how things were getting done in my life.  So, I ask you–where are you playing small?  How could you do more and see better results in your business this year?  Chances are you aren’t playing all out to achieve the success of your dreams.

The internet is a fabulous tool, but you might want to think in terms of what you can do in an old school way.  A newsletter that you put out in your local neighborhood or business cards and flyers in local establishments might produce clients in your own backyard (so to speak).  And if what you do is a healing practice of some sort, you might ask local churches if you can put on a small workshop for a small fee (Unity churches in particular seem to be open to this type of thing).

Playing big in 2013 may look quite different for you and your business needs in 2013 than what the business gurus are suggesting, particularly if you are relatively new or a small outfit at the moment.  This may be the year of the video, but not if your budget or your shyness tell you to look for ways that work for you and your resources.  I’d also say don’t get sucked into what others tell you is their program for success; maybe they can do it in a few hours a day, but how long have they been in business (and even more importantly, how long have you been in business)?  Let your success evolve in a way that works for you; don’t bludgeon your bank account, but do try business modalities that stretch you a bit this year.

Speaking of stretching, if your goals are big this year and you find yourself not taking effective action on a regular basis I’d like to help.  I have nine spaces left in my free coaching program.  When I say free, I mean free.  There is no cost to you.  Paying it forward is the way I intend to help those who have lost jobs or who are grossly underpaid get back on their feet.  If you’d like to be one of the nine you can go here to fill out an application.   Those of you who aren’t among the nine chosen will still receive a free session with me, so you have nothing to lose by signing up.

When all is said and done, we humans are creatures of habit and if your business isn’t soaring you needs some new habits.  It’s time to come to the edge.

Rich Blessings!

Dee

Copyright 2013.  All rights reserved.

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What Business Are You In?

Cover of "Rich Dad, Poor Dad: What the Ri...

Cover via Amazon

Greetings Friends!

This is going to be a way crazy week for me; I have a trip upcoming for training in Santa Clarita (which I’m looking forward to) along with a pretty big health challenge that I’ve got to come to grips with asap.  With that in mind, I thought I’d share a post from a couple of years back.  It’s an important post because as a business person, you will benefit from understanding that your business is, first and foremost, (when handled correctly) an asset.  Invest wisely.

Enjoy and I will back 11 February with an update on some changes I’ll be making with this blog

Dee

One of the challenges of leaping over the fence of lack into prosperity is learning how wealth is made–and the first rule Robert Kiyosaki said his Rich Dad taught him is that the wealthy don’t work for money.  The wealthy invest in assets that produce passive income over time.  The first time I read it I could literally feel my brain lock up, but Robert is a great story teller and he explained it pretty simply.  The wealthy understand that a job–whether salaried or hourly in pay, is like a drug addiction.  You get paid, the money goes out for expenses and then you have to ‘score’ more money to keep the (addiction) wheel spinning.  Robert refers to this as the rat race.

It’s not that hard to deduce that assets (interest, real estate cash flow, dividends and royalties) all are passive income streams; they don’t require the hourly work that wages require.  They are trickier to work with and as Robert states up front, you will experience failures as you gain experience in the world of investments, real estate and the development of intellectual property.  But some of the failures come from not truly getting the essence of the idea with regard to how wealth is generated.

There is a story about Ray Kroc, the creator of the McDonald’s franchise meeting with some MBA students at the University of Texas at Austin.  The students invited Mr. Kroc out for lunch and he very kindly agreed to go with them.  When Mr. Kroc asked the students what business they believed he was in, all of the students thoughts he was making a joke.  Mr. Kroc asked the question a second time and one of the students said, “Everyone knows you’re in the hamburger business.”  Mr. Kroc said no, he was in the real estate business.  Think about it; when you buy your McDonald’s franchise they get your franchise fees–but apparently they are equally interested in the real estate under your franchise.  In other words, they are focused on the assets–not the income from wages (hamburgers sold).  The value of the land brings tax benefits and accrues in value over time.

So, as a business owner who wants to escape the rat race you have to think in terms of assets, not wages to escape the rat race.

So, again I ask you, what business are you in?

Rich Blessings!

Dee

Top 3 Metrics for 2013

Success in 2013

Success in 2013

Greetings Friends!

So, have you created a goals list for 2013?  Have you captured the dream of what this year is going to be about for you and your business yet?  If not, I wouldn’t worry too much.  It’s early and I personally like the idea of mulling things over deeply rather than choosing my goals in a rush.  Creating a deeply fulfilling, successful year will look different from business owner to business owner; in fact, what might be most important for you at this point in 2013 is looking at what didn’t work for you in 2012.

What didn’t work for me?  Overwhelm!  Too many metrics, too much information and not enough down time.  What did work for me?  Finding ways to curate great content for my clients and fans and delivering it in ways that didn’t suck the life out of me personally.  To that end I have a few ideas about what metrics I will be paying the most attention to this year.

My number one metric is–show me the money.  Yep, very simple.  If you are in business for yourself and your business isn’t making money, then make that a major focus for 2013.  Think outside the box and find new ways to get in front of potential clients.  For example, if you’re a massage therapist you might want to partner with a friend who does manicures and create a home spa party program.  Your hostesses gets free treatments and you (as well as your mate) are introduced to new clients.  Or let’s say you are an acupuncturist; you might want to do a meet-up at a Panera bread a couple of times each month for people who have hypertension (or whatever demographic it is that you serve).  Give a 15 or 20 minute talk in person (or via teleconference) and offer a special for a group of sessions.  Give great content, bring hand outs, answer questions.  Make a difference–and start earning money in 2013.

Second metric; figure out what you personally need in 2013.  For me I want to do more, but simply–hence my keyword is simplicity for 2013.  I will constantly look at what’s being suggested to me in the way of expanding my business and comparing it to my intention to simplify what I do.  If I have to jump through fiery hoops to use your new gizmo–forget about it.  How about you?  What’s your keyword for 2013?

The last metric I’m looking at for 2013 is legacy–how am I making a difference in 2013?  I am intending on making a difference in the lives of 12 business women this year.  Toward that end I am giving 12 scholarships for coaching in 2013 (you can learn more here).  If I can help 12 business owners who might not have ordinarily been able to access coaching get their dreams off the ground I will feel fantastic.  Maybe legacy doesn’t mean much to you, but I encourage you to look at how you want to give back–perhaps by donating to Kiva.org, or by offering your time/talent to a worthy organization.  I encourage you to balance what you earn with what you give–we build a fabulous new world for all of us when we do so.

Start with the end in mind for 2013 (thank you Stephen Covey); make sure you’re actually earning money in your business, pick a keyword for the year and measure all you do against that keyword.  And lastly make a difference in the lives of those who need a hand.  Do this and I think 2013 will be a year you can look back at with great satisfaction, success and pride.

Rich Blessings!

Dee

Copyright 2013.  All rights reserved.

 

Finding Your Business’ Sweet Spot

Reiki

Reiki

A tale of two business owners…

Allison is a very dedicated Reiki practitioner.  She took her Reiki attunements from a well known and highly regarded Reiki Master and decided that she wanted to open up a healing practice.  Not having very much money to start her practice, Allison decided to join forces with a classmate from her Reiki training class.  They shared the rent and other expenses for a small space and slowly Allison began to gather a few fans for her practice.

As the months rolled by, Allison became frustrated that her efforts weren’t garnering more clients; so after doing some research online,  she opened a Facebook page and offered information to her small group of fans about health, the wonders of Reiki and energy healing in general.  Later she decided to  share her own experiences with energy healing via a blog and in small workshops; and still Allison’s business didn’t really thrive.  Her small handful of dedicated clients kept her from going out of business, but Allison couldn’t help but wonder if she had made a mistake.  She blogged, she put up posts on Facebook, she held classes and she felt in her bones that this was the right business for her…why wasn’t her practice providing the support her family so richly deserved?

Not far away lived a different woman, a new business owner named Stephanie who was an astrologer.  She had studied with well known astrologers for many years and knew her subject like the back of her hand.  Stephanie had worked in a variety of career fields before she finally decided to look into developing an astrology practice of her own; retirement was around the corner and although Stephanie had been employed most of her adult life, she knew she hadn’t any savings to speak of; in addition, she was recently divorced and after running the numbers she soberly realized a tiny pension and Social Security wasn’t going to provide the lifestyle she wanted in her later years.

After talking with some of her astrology teachers, Stephanie decided on one in particular to coach her in building her practice.  The accountability factor was a huge help to Stephanie–she committed to taking certain actions such as getting her search engine optimization research done, choosing a niche and getting a new website up and running–all of which meant backing out wasn’t an option.  Her coach would be checking with her regularly to insure she stayed on track and met the goals she had chosen for herself.

Deciding she wanted to keep it simple, Stephanie chose to host a blog and offer her services online rather than rent a space with overhead; she was pretty sure she would be able to find plenty of business women with challenges that she could help.  Needless to say, Stephanie was a bit shocked when despite her earnest and dedicated blogging efforts and her consistent social media work, her client numbers were rather disappointing.  She decided to talk to her coach about her business malaise–at which point her coach asked her again about her passions.

“I already told you,” Stephanie replied, trying to sound polite, “I like helping women like myself reinvent themselves.  I have taken a look at the numbers and I can see there are a large number of women who are entrepreneurs seeking information online each month.”

“Yes, that’s true,”  Stephanie’s coach replied, “but you’ve overlooked something I mentioned early in our work together.”

“What’s that?” Stephanie asked crisply, trying to keep her temper.

“What is that one thing you offer that reaches the largest number of those women who are online seeking help?  What is one problem, block, or challenge they have that is a perfect match for what you do?”

Stephanie sat with the question for a moment feeling irritated.  “Isn’t that the same thing as my niche?  I mean, if I know I want to work with women business owners between the ages of 30 and 50 who are frustrated in their business, isn’t that the same as what you just asked me?”

“No,” Jan replied quickly.  “Think of it this way–if I have asthma and you are a gynecologist–you’re not focused on my problem, my need.  Yes, you are a doctor and you have know how–but it’s not my specific problem that you solve.  And that means even if you’re the best doctor in the world, I am not coming to you because you don’t specialize in my unique problem.”

Stephanie sighed.

“Give it some thought Stephanie,” her coached said sympathetically.  “Somewhere between your passion, expertise and the countless number of challenges those business women have, is your business’ sweet spot.  It’s the place where your unique skills solve a unique problem–a big enough problem that you can fill your practice and make a difference in the lives of countless women.”

Stephanie thanked her coach and hung up the phone.  Why was it so hard to figure out this niche, sweet spot thing?!  After racking her brain for some time Stephanie finally decided she would give herself some time and see what came up for her.

Later in the week, while watching television, Stephanie found herself riveted to a program about a  group of young entrepreneurs who wanted funding for their enterprises.  The show was fast paced as the already successful entrepreneurs shot down the fledgling ideas of the novice business men and women.  Watching the program got Stephanie thinking about her own business quandary and she went to bed with the wheels of her mind turning her many possibilities over and over…

Upon awakening, Stephanie was quick to beat a path to her computer.  After running the numbers, Stephanie could see there were not only a lot of women entrepreneurs seeking information online–there were also a lot of people seeking to start brand new businesses!  What if her sweet spot was to use her astrological skills to help people find the best match between their interests, what was going on astrologically in general combined with what their own birth charts showed were their unique gifts?  What if she could help new entrepreneurs find their unique sweet spot?! Stephanie felt excited and couldn’t wait to check in with her coach to share her new insights, but before she had a chance to do so, she received an email from a young entrepreneur whose business was languishing…

Allison did energy work and while she had rave reviews for her work, she couldn’t seem to earn a decent living; could Stephanie help?

“I most certainly can help you–not only with narrowing in on your business’ sweet spot, but I’ll share my own insights on starting a new business–does that sound like something that might work for you?” Stephanie asked Allison.

Allison was a bit jaded by her lack of success, but she liked the sound of the phrase ‘sweet spot’.  She decided to give it a try…

Finding the sweet spot for your business may turn out to be quite a journey–that nexus where your passions meet the problems or needs of substantial numbers of people will spell the difference between a business that dies and a business that thrives!

Need some help finding your business sweet spot?  Sign up here for a free coaching session with me; no hype and no cost.

May you and your business thrive in 2013…

Rich Blessings!

Dee

Copyright 2013.  All rights reserved.

8-Top Business Success Tools

Image representing YouTube as depicted in Crun...

Image via CrunchBase

Greetings Friends!

The beginning of a new year holds so much potential for expansion and success–it just seems like a natural time to focus on bringing our desired hopes and dreams to life!  Usually we hit a wall somewhere along the way, but it doesn’t haven’t to be the end of our enthusiasm or our adventure.  Seeing the year ahead as a journey where we may encounter tire problems, detours or bad weather may encourage each of us to enjoy the ride rather than focus so fiercely on outcomes.  If you’re not enjoying a healthy business and life experience you won’t have the stamina to see your dreams through, so I thought I’d begin the New Year with a look at some tools that you can use as GPS devices.  These tools can assist you not only in achieving your dreams, but encourage you to take a balanced approach to the journey.  P.S.–none of the links below are affiliate links, so I am not compensated in any way for these offerings.

OmniFocus:

Whether you prefer your laptop, desktop, phone or iPad as your main business ally, this tool will assist you in getting your ideas shaped up, planned and synced.  The cost runs $80 for your Mac/laptop and about $20 for your phone, so if you’re on the go, you can still keep your business ship shape and on target for success (don’t forget to plan your vacations)!

2013 Create Your Incredible Year Workbook

A more affordable tool ($9), this calendar/workbook duo comes in two flavors–life and business.  So for the savvy business owner you’ll not only have a ritual to bless and release 2012 you’ll have an opportunity to flesh out those really big dreams in detail.  Grab a latte and sneak off to your favorite quiet nook for some deep thinking with this tool; you should come out of your reverie with a balanced, detailed idea of how 2013 will roll.  Sweet!

PowToon

Would you like to establish an online video presence, but hate seeing yourself on camera?  No problem!  PowToon will enable you to deliver your message or presentation in a classy, yet affordable fashion–and no one need see your face.  Always helpful if you’re camera shy!  Cost rages between $9-$57 per month and you get a 14 day trial.  This is a nice, flexible tool you can add to the social media platforms that you’re already using.  The added caveat is that Google, who owns pride of place in the search engine optimization world, also owns–ta-da, YouTube!  You’ll be top of the heap in no time and you’ll have done it with style!

Live Off Your Passion

Is this your year to leave the employee life behind?  You might want to check out Scott Disnmore’s program Live Off Your Passion.  Most of us have to work–about 99% of us as a matter of fact.  And it’s also a fact that many of us hate our jobs…Scott has created a $197 program to help you identify your passions and skills–and then take that information to the next level–transforming you into CEO of YOUInc, the much coveted level of successfully self-employed entrepreneur.  If your wallet is a bit slim after the holidays, no worries.  Check out Scott’s Live Your Legend site; you’ll find a variety of free tools that can get you off and running on your journey to being happily financially solvent as a self-employed entrepreneur.

The Desire Map

This is a multimedia success tool from Danielle LaPorte intended to focus you on success from the inside out (and not just for business)…what does your success feel like?  Interesting question!  A book–digital and old school paper; three months of email support, activity sheets and more for $170; this is perfect for the right brained success maven on the go and a must for all Danielle LaPorte fans!

Planner Pad

As many of you know, this is my personal favorite planner–personal and business life all in one book; gotta love it!  This planner is divided horizontally in three levels; a brain dump, daily list, timed appointment section, plus sections for expenses and a column to track your shopping list, or any other important info.  The Planner Pad comes in a variety of sizes and prices; click the link above to find the right type of Planner Pad for you.

The Right-Brain Business Plan

I’ve already talked about the importance of having a business plan for tax season 2012; the IRS has new ideas about ways to eliminate your business deductions and it all hinges on the viability of your business plan (see that post here).  While the book is available on Kindle, I recommend the paper version so that you have better access to the worksheets.  This book is for those of us whose heads spin whenever the topic of book keeping, financial statements or anything of a similar nature is mentioned.  Yes, your business planning in 2013 should include a business plan–go figure!

Pagemodo

This tool is for the graphically challenged among us who also happen to a) have a limited budget and b) need Facebook fan page designs.  Not as fancy as your graphic designer or web genius ally, this will still get the job done for anywhere from free (not much with this offer though) to $33.25 per month.  Not bad and a great way to add some social oomph to your Facebook page!

I could go on, but that’s a lot to get you started.  Hopefully this list will reignite your New Year’s enthusiasm if it is waning and support you in knocking the proverbial ball out of the park if you’re ready to fly out of the starting gate.  And as a Twitter friend of mine posted on New Years day, may 2013 exceed your expectations!

Rich Blessings!

Dee

My Business Coach

Sebastian

Sebastian

Greetings Friends!

As 2012 draws to a close I think back over the year and a very special person comes to mind.  He was a great Coach, though most people wouldn’t have seen him that way.  He was quiet, determined, loving, patient and put up with my wild and wooly schedule with little reprimand.  My coach died this morning and though you might think it strange, the person I’m thinking of was my cat Sebastian.

When I was running back and forth to attend to work and business commitments I never got a lot of belly aching from him.  His joy at my return home makes me smile, as does the memory of him patiently waiting for tidbits from my plate.  Sebastian always knew what he wanted and he was willing to wait until he got it.  And if by chance you didn’t reward his patience with a tidbit, he’d try again another time.  I hope to be as committed to my goals–and as patient.

Sebastian kept things simple, and now, after his passing I find myself looking at my life to see how I might emulate this skill.  There is a lot of noise online now and it can be hard to build your business without getting caught up in the tidal wave of new ideas and tools rolling in day in and day out.  I think simplicity just might become my watch word for 2013–what will yours be?  Who in your life is silently coaching you that you can thank now, while you still have the chance?  Why not take the time to let them know how they have transformed you and your life–it is that time of year when humankind is a bit more generous, a bit more awake, which makes it an excellent time for a shout out of appreciation.

Perhaps we can keep our consciousness at this level all year long?  Hmmm…that might be an idea worth contemplating.

I know Sebastian wasn’t especially well known, but for those who had the privilege to know him, I think they’d agree he had a sweet disposition.  There are some business people out there now who scare me…and their dispositions are far from sweet.  I hope to be able to help to my clients without turning into a callous, pull up the ladder, I’m onboard kind of person–if you see what I mean.

Commitment, patience, kindness, simplicity and determination.  These were Sebastian’s key characteristics.  Some additional characteristics I hope to embody in 2013 include:

  • Being better organized–especially for tax time; have you got your 2013 business plan underway yet?
  • Narrowing my focus; do more, do it better and keep it simple.
  • Keep my priorities in sight–make time for loved ones, exercise, rest, meditation and vacations.
  • Be a blessing in the lives of others.  Give more and worry less about receiving.
  • I want to think in terms of the legacy I hope to leave behind a bit more this year too.  I may never be famous, but if I can make a positive difference in the lives of others, I think that will be pretty darn good.  How about you?
  • Inspire others to be and do their best.  And what’s the best way to do that?  Just do what I do and offer it to those I think will benefit; in the end, that’s all any of us can do anyway.

I really miss my Coach; I hope I can live up to his standards and hope his standards inspire you to really rock the New Year.  Blessings to you and yours and may you have an outstanding 2013!

Rich Blessings!

Dee

Your Business Success in 2013

Happy Holidays

Happy Holidays

Dear Friends,

This post was originally written in the spring of 2012 and now that we’re in the holiday season I will be taking some time to spend with family and friends preparing for the New Year and vacationing a bit (for a change–woo hoo)!  I thought I would reprise this post in light of the time of year–a time when many of us take a look at our goals and determine what we’d like to focus on after the holiday hub-bub has died down.  Barring the reference to April, I trust you’ll find some juicy nuggets or take-aways for your own goal setting program. Don’t forget the Resources page on this blog for additional success tools and tips!

Blessings & Happy Holidays!

Dee

Greetings Friends!

We’re halfway through April and now is probably a pretty good time to re-evaluate your success goals.  Modern life moves at a fast pace!  You will benefit greatly by keeping your eye on the ball and knowing when to drop a project or to inject new life into a situation by adding a hot new goal!

For example, perhaps you take advantage of coaching services to assist you in staying on track for success during the year.  As part of your work you may create an ezine, new blog or products.  These goals might not have existed–especially in their current form, at the beginning of the year.  Take the time to see what new opportunities have popped up on the horizon–and remember to do this check-in on a regular basis!

Why would you want to bother tinkering with the goals you slaved over earlier this year?  One of my favorite suggestions from Tony Robbins was his success formula; pick a goal, begin working on said goal, (and this is the really important step most of us overlook) evaluate what you’re doing to see if it is effective.  If it’s effective, keep going–if not, make modifications and then repeat the formula (from the top), as many times as necessary until you reach your desired goal.  Sounds pretty simple, doesn’t it?

Here are some additional ideas:

  • Try working with the Law of Attraction; if you’ve not read Money & the Law of Attraction by Esther & Jerry Hicks I highly recommend it as a valuable goal achievement tool.
  • Share your goals with a coach or if you don’t have a coach, pick a friend to confide your goals to.  This person must be 100% capable of a) holding you accountable and b) 100% on your side when it comes to your goals.  No nay-sayers allowed!
  • Work on your time management skills if you consistently find you’re not getting the job done; this area alone could kill your possibilities for success.

Remember goals aren’t set in stone, they change as your circumstances change–but ideally you are moving forward toward at least one major goal this year.  Maybe you want to quit that day job and do your thing full time.  Or maybe you just want to create a bit of extra cash flow so things aren’t so tight financially; either way, holding a firm vision for your future is the way to go.  Click the link for more out of sight goal setting tips and tools from Marie Forleo and Danielle LaPorte http://marieforleo.com/2012/04/how-to-visualize/.

Rich Blessings!

Dee

10 Tips for 2013 Business Success

Business Success 2013

Business Success 2013

Greetings Friends!

Now that the IRS is upping the ante for those engaged in home based businesses, it’s more important than ever for you to play your ‘A Game’ in 2013.  If you’ve been in business for awhile and haven’t had the success you long for, you won’t want to play around this year.  Running a business consumes your time, your energy and money–and if you don’t take it seriously, there may be no deductions for you come tax time.  I would say that’s incentive to move heaven and earth to really have your best year.

So, here are my favorite tips for having a breakout year in 2013–let’s do this!

  • Read and get inspired!  The beginning of a new year is ripe with promise, but within a matter of weeks, the enthusiasm dies out you may find yourself back in a familiar rut.  Consider reading at least one new business book per month; perhaps one of the books on my Resource page, such as the One Minute Millionaire.
  • Set a big goal for yourself, such as doubling your income or publishing your first (e)book.  What would inspire you to leap out of bed, excited to begin your day?  Who do you want to help and why?  Keep this information where you can see it, such as on your bathroom mirror, bedroom door and planner.  Get fired up!
  • Hate to sell–learn how to do it with panache.  Pick one area of your business that causes you trouble and take some classes, read up on it or get a coach to help you over your Mt. Everest of business challenges.
  • Get a plan!  A business plan that is; you will need it if you are ever audited, but it also becomes the road map for the year.  I like to work in 90 day increments.  Think in terms of your goals for the quarter:  how many clients do you want, how many products need to be  sold or subscribers to your blog do you desire during each quarter and then map that out in your planner.  Fill in your schedule for blogging, doing podcasts, webinars or teleseminars.  Hold yourself accountable so that you achieve at new levels.
  • And speaking of accountability, pick an accountability partner; someone who knows your plans,  who can offer you supportive advice and keep you from winging it or flaking.  The IRS intends for you to work your business like you mean it and that means not only having a plan, but working your plan consistently.  There’s nothing like knowing someone else is a) cheering you on and b) keeping you honest about fulfilling your goals in a timely manner.
  • Get coaching.  This is also important to the IRS.  You need to be able to demonstrate not only that you have your business strategies planned, but that you course correct when you hit a wall.  Be sure to include modifications to your business plan over the course of the year in case you’re audited.
  • Plan your vacation schedule.  Yes, you heard me right, plan your vacation schedule.  Three day weekends, two weeks at the end of the year–what is it that you require to keep yourself healthy, energized and ready for a peak performance year?  All work and no play doesn’t just make Jane or Jack dull it makes them unproductive, so get out your schedule and insure you have some rest time planned during the year.
  • Intend to have fun!  Intend to have a great adventure, intend to learn, to grow and to inspire those around you!  We live in a phenomenal time where we can blog, self-publish, create our own television channel or radio station.   The sky’s the limit–so don’t just repeat what you’ve done in the past, add some exciting new things like videos or webinars–or turn your blogs into a book.  Stretch and be prepared to wow yourself in 2013!
  • Pick a worthy cause you’d like to support and decide how much you want to donate in 2013.  Think of some awesome and inspiring peeps you can enlist in your program to help others, blog about it and get it out into the world.  Make a difference in a big way–perhaps you will inspire someone else to do the same!
  • Become financially literate; there are no advantages to being out of the loop about taxes and how businesses, large or small are effectively run.  Read (or re-read) the Cashflow Quadrant or Rich Dad, Poor Dad so you not only earn well, but manage your assets in a way that will build a secure foundation under you, your family and your business.

I hope these tips excite and encourage you to play all out.  While the changes in the tax code may appear intimidating, I think the changes can be used to inspire business owners to new heights of success.  Who knows what wonderful achievements you can accomplish in 2013?  Dream big!

Rich Blessings!

Dee

Copyright 2012.  All rights reserved.

Taxes 2012 & Your Business Plan

Logo of the Internal Revenue Service

Logo of the Internal Revenue Service (Photo credit: Wikipedia)

 

Greetings Friends!

December was going to be a warm fuzzy month for blogging–or so I thought, till I got wind of a scary new IRS tactic waiting to be unleashed on unsuspecting  home-based business owners.  The source of my IRS update–Ron Mueller, is fairly well known as the go to tax information guy in network marketing circles.  What I’ve heard from him is something you’re going to want to attend to asap.

Apparently the IRS has outfitted its auditors with a new rule book for home based business owners and their taxes, with the primary aim being to eliminate your business deductions if you’re not a) making money or b) demonstrating that you intend to soon.  Those of us who are fairly new in business don’t have to make a profit right away, but we do need to be able to demonstrate we’re savvy business owners doing everything we can to turn a profit.

This is only an issue if you’re audited–something you hopefully will never experience, but if you should, you want to be prepared.  Those who are living off the proceeds of their businesses are less in danger than those who aren’t, but you want to get act together, either way, just in case the IRS comes a calling.

The A#1 way to be ready is to have a business plan–and pay attention to the next several points because these are the new rules IRS agents are apparently gunning for…

Do you have a business plan that actually speaks to how you will make your business a financial success ?  What this means is your business plan had better be dealing with the realities of your business challenges.  If what you’re doing isn’t working, how have you modified your plans/actions so that you can become financially successful with your business.  I found it significant that the IRS has never taken an interest in business plans before–and that if you receive a letter saying that you’re being audited they WILL NOT mention that you need to bring  your plan to your face to face meeting with an IRS auditor.   Apparently the fact that you would arrive at a tax meeting for your business without your business plan will be seen as a sign that you are a business lightweight–and that could just cost you your business deductions.

You will also need to be able to tell the IRS who you serve, aka your niche, as well as the number of people in your area (demographics) who are looking for what you have to offer.  Those of you who have online businesses will need to indicate the number of people looking for your product or service–which is easy enough using SEO informtion.

All of this seems aimed at rattling the cages of the legions of folks seeking additional financial security via entrepeneurship; but panic needn’t be the order of the day.  Here are some tools that can help you if you’re worried about how to keep your business open without being taken to the cleaners come tax time:

  • Talk with your tax accountant to see what you need to do personally to be ready in case of an audit.
  • Visit Ron Mueller’s site if you need more information about how the new laws work and how they might impact you.
  • Create your business plan or revisit it as the case may be, with an eye toward insuring it meets the new IRS specifications; we’re in new territory here folks and forewarned is forearmed.  If you’re like me and the mere suggestion of needing to put together a business plan makes you beak out in hives, you might want to invest in  Jennifer Lee’s book, The Right-Brain Business Plan

There will always be new hurdles in life and this one, in the broader scheme of life, is just johnny come lately.  You have gotten wind of some changes and now you can take action to protect yourself and your business.  In fact, it would be wonderful if you passed the word along to anyone you think might benefit from hearing the news.  This way we can all begin 2013 ready to roll and without a dark tax cloud hanging over our entrepreneurial heads (my thanks to Ron Mueller and Steve Wiltshire for sharing this news).

Rich Blessings!

Dee

Copyright 2012.  All rights reserved.

Entrepreneur of the Month – December 2012

ShanthiBShanthi

Greetings Friends!

This month I’m excited to share with you Shanthi, our Entrepreneur of the Month for December 2012.  Shanthi (whose name means peace) is a dancer, Interactive Storyteller, Vegan Yogic Chef and Yoga Master (Yogini) born and raised in India, the birthplace of Yoga and  Yogic culture.   Shanthi is unique in that she has studied Yoga philosophy, practices and dance from an early age from many enlightened Gurus in India–including her father.  She presents dance performances where she captivates the young and the old with her interactive storytelling via dance and yoga.  Shanthi has seen phenomenal client results such as complete healing of back ache, depression, coping with loss, recovery from near death situations, transformation of eating habits, regaining self-esteem, healing relationships and managing highly stressful situations with ease.  Shanthi is now focusing on producing a home-study program where her clients will be exposed to the fundamentals of the Ancient Yoga and simple Yoga practices they can learn through video and can do anywhere on their own with confidence.  See the link above for the interview with Shanthi and learn more about her from her website: www.LivingYogaBeyondTheMat.com.

I’d also like to share some cool new tools for your success starting with something to jazz up your video presentations.  If your business model includes promoting or teaching via video you may find you have a variety of challenges in putting together a video of sufficient quality to share with your community.  If so, check out PowToon, an excellent way for those of us who are artistically challenged to put together a video with panache–not to mention pizazz!  If you’re camera shy or lack the equipment to mount a full court video press, your worries are now over!

And for those of you who know you want to take your life or your business to the next level, but are a bit confused (or even overwhelmed) about the details of making that happen, I’d like to share Live Your Legend with you!  The site owner, Scott Dinsmore has a personal goal of setting the wage slaves who hate their job free.  While being an entrepreneur has an aura of excitement and prosperity to it, the actual grunt work can leave a person confused and disheartened–Scotts’s site is the antidote to both maladies, so check him out!

My last cool tool is Twylah.com which I’ve shared before, but I’m bringing it around again for two reasons.  The first reason is that I love having a tool that makes my Tweets have a longer shelf life–which this tool does brilliantly!  I also like how Twylah does the sorting for you, so someone new to you and what you offer can see a broad spectrum of Tweeted material–and dive in to what works best for them.  The power Tweet is one of my favorite tools; it allows the user to not only tweet on a particular topic, but when someone clicks on your tweet they will see a list of similar tweets–all from you, on the same topic (and of course visitors are given the opportunity to follow you on Twitter–sweet!).  Twylah is still in its beta phase, but I see no reason why you shouldn’t check it out and take advantage of its abilities to give your Tweets more staying power.

Now, if you’re on Pinterest–do come and check out my pins for business where I keep additional resources!  And of course there is the LAGirl13 ezine that offers bi-monthly tips to help you stay on track for business success!

I think that’s going to do it for now–wishing you an easy, breezy, successful December 2012!

Rich Blessings!

Dee