As a business owner, you’re constantly on a quest to bolster your business and enhance your outcomes. This journey demands a thorough assessment of where you stand and a willingness to explore new strategies and tactics. But the critical question remains: When and how do you decide it’s time for a change?
In this episode, May Silvers dives into the complexities of adopting new business strategies, balancing the comfort of tried-and-tested methods against the promise of uncharted approaches. She lays out a roadmap for entrepreneurs contemplating a shift, centered around two fundamental principles: giving new strategies ample time to prove their worth and committing wholeheartedly to their implementation.
May stresses the importance of a strategic evaluation, identifying what aspects of your current operations are successful and which are not meeting expectations. She notes the common pitfalls business owners face—sticking too long with familiar routines or frequently jumping between new strategies without giving them a chance to flourish. Her advice is to practice patience and maintain a strong, consistent effort over at least a six-month period to accurately assess the impact of any new strategy.
Achieving clarity on your goals and the motivations behind pursuing a new direction is crucial. This understanding will serve as your anchor, helping you stay focused through the ups and downs of the transition. May also touches on the inevitable sacrifices that come with change, be they mental, emotional, physical, or financial, and the importance of approaching these sacrifices with openness and readiness.
This episode speaks directly to entrepreneurs and business leaders who are navigating the decision-making process around strategic change. May’s insights offer valuable guidance for those looking to make informed, impactful decisions to drive their business forward.
Quotes
• “In order to become the market leader, you need to take the initiative to really assess the market to see if what you have been doing, all the different strategies that you have been doing to elevate your business, is still gaining the momentum as it was.” (03:23 | May Silvers)
• “Sales generation and closing sales is a three to six month cycle. And you have to give yourself time. You can’t say that I go on social media for 30 days and you’re going to see momentum.” (05:54 | May Silvers)
• “You have to find yourself a formula, a strategy that is going to respect your current circumstances, your current energy, your current resources, and then find a solution. Find your consistency and give it time, at least six months. Showing up with the same strategy every single time. And that six months is going to allow you to collect the data to see whether it’s working or not.” (07:45 | May Silvers)
• “You also have to ask yourself when you’re doing this new strategy, what is the ultimate goal that you want to achieve when adapting this strategy?” (10:20 | May Silvers)
• “Just know that when you’re trying out something new, it’s going to be difficult. It’s going to have a lot of resistance. It’s going to test you on all levels, mentally, emotionally, physically.” (10:58 | May Silvers)
Links
Ready to gain some REAL business momentum for your events business? Schedule your FREE business consult call by clicking the link below. On the call, we will audit your pricing, packages and marketing strategies.
https://chatwith.mayyeosilvers.com/businessconsultcallapplication-podcast
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