In this episode, the host shares their personal experience of starting their own business over a decade ago. They discuss the unexpected trigger that led them to take the entrepreneurial leap and how their business has evolved over time. The host also provides advice for anyone interested in starting their own business or getting into consulting, coaching, or training. They emphasize the importance of clarifying motivation, identifying expertise, and building a solid plan for success. The episode concludes with a discussion on investing in oneself when starting a business and the opportunities that can arise. Join the consultant mentorship program to start your own entrepreneurial journey.
Choosing a business niche and focusing on a specific area of expertise is crucial for effective targeting of a market.
Investing in oneself through mentorship programs, training, and coaching is essential for personal and professional growth and business success.
Deep dives
The journey of starting a small business
In this podcast episode, the speaker shares her personal journey of starting her own small business. She discusses the initial doubts and imposter syndrome she faced, as well as the pivotal moments that led her to realize her value and passion for helping others. The speaker emphasizes the importance of building a business around something you love and finding a specific area of expertise to focus on, whether it's consulting, coaching, or training. Additionally, she highlights the significance of having a strong support system and investing in oneself to ensure business growth and success.
Key considerations in starting a business
The podcast episode provides valuable insights into the key considerations when starting a small business. The speaker suggests taking the time to clarify your motivation and what lights you up in order to choose the right type of business. She advises finding a niche and focusing on a specific area of expertise to serve a target market effectively. Additionally, the speaker stresses the importance of having a solid business plan, determining the appropriate business structure, and seeking guidance and support from mentors and advisors. She also encourages entrepreneurs to join a community of like-minded individuals for collaboration, learning, and support.
Building a successful business model
The podcast episode emphasizes the importance of building a successful business model. The speaker shares her own experience of starting with consulting and then expanding into training and coaching. She encourages listeners to pick one area they are passionate about and specialize in it, rather than attempting to offer multiple services. The speaker suggests that businesses should invest in training and resources to continuously improve and learn. She also mentions the significance of having a strong support team and surrounding oneself with advisors and experts in various aspects of business, such as sales, marketing, or operations.
Investing in yourself and your business
The podcast episode discusses the importance of investing in oneself and the business. The speaker shares her own experience of investing time and money in mentorship programs, training, and coaching, which she believes has been instrumental in her business success. She highlights the need for entrepreneurs to prioritize personal and professional development to stay ahead of the curve. The speaker also touches on the importance of finding a supportive community and leveraging advisory groups for advice, brainstorming, and accountability. She concludes by urging entrepreneurs to make executive-level decisions about resource allocation to fuel business growth.
Welcome to the PMO Strategies Podcast + Blog, where PMO leaders become IMPACT Drivers!
PMI Talent Triangle: Business Acumen
Hey, IMPACT Driver!
Have you ever considered starting your own business?
In this week’s revealing episode, I’m sharing things I’ve never shared before on the podcast about why I started my company over a decade ago.
I am taking you behind the curtain and sharing:
The unexpected moment 12 years ago that triggered me to take the entrepreneurial leap
The services we’ve built within my business and how it’s evolved over time
Advice I really wish I had when I first started out
So if you've ever thought about starting your own business, currently run a small business, or might someday be interested in consulting, coaching, or training, this episode is for you.
I was exactly like many listeners today – happy in my corporate job with ZERO intentions of ever becoming a business owner. But when an opportunity presented itself, something clicked, and I knew I had to take the risk.
Even if entrepreneurship seems unfathomable now, tuck this advice away for “someday.” You never know what might change or inspire you when you least expect it!
Listen now to learn what I wish I had known when I started ten years ago. It might just save you a lot of time and money!
Enjoy!
P.S. – The IMPACT Entrepreneur Mentorship program is starting in January, but now through December 31, you can join for $5,000 off the 2024 price. As of right now, we still have a few seats left. Grab your seat today!
Thanks for taking the time to check out the podcast!
I welcome your feedback and insights!
I’d love to know what you think and if you love it, please leave a rating and review in your favorite podcast player. Please leave a comment below to share your thoughts. See you online!
Warmly,
Laura Barnard
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