Helping small businesses on the Sunshine Coast to fulfill their true potential
Almost one third of small business owners report having high levels of psychological stress mainly due to long working hours, social isolation, customer demands, cash flow issues and poor work/life balance. Beyond Blue has therefore developed a simple guide to enable business owners, their family/friends or business advisors identify how to access appropriate mental health resources.
https://das.bluestaronline.com.au/api/prism/document?token=BL/1908
As every business leader quickly finds, it’s lonely at the top. With the burden of decisions and risks falling on your plate, you need a strong support network that can offer advice and understanding.
You have to put value on building the network and commit the time. Here are five ideas that can help you strengthen your support network:
https://www.entrepreneur.com/article/224730
A great elevator pitch can create interest in a project, product, idea or a person in 60 to 90 seconds. A big pitfall is to make your elevator pitch all about you: who I am, what I can do, how my plan works.
The most interesting person to someone else is them, and it’s so important that your pitch is all about them – your listener. If your listener is a potential customer, it needs to be about giving them something they will benefit from and be able to use.
Practise writing your pitch and saying it until you can release it quickly, clearly and effectively.
https://www.intheblack.com/articles/2019/09/01/the-perfect-elevator-pitch
A mentor is someone with extensive business experience and knowledge who can advise and guide you on a range of business matters.
Whether you are just starting out or want to expand your business, it’s always a good idea to extend your business support network.
As a mentee, you can benefit from having a mentor if you are trying to get a new business off the ground or looking to grow a more established one. Your mentor can offer advice, support and guidance, which can help you improve your problem-solving skills and develop leadership skills. You can share ideas and problems with your mentor and they can act as a sounding board to help you make decisions with more confidence.
How much does it cost to open your doors every day?
As a business owner, you need to know about every aspect of the business. Whether you are making a profit or a loss is something you need to know today. Also know what is normal for your business area: for example, what products sell and what don’t; what changes in customer patterns and trends and increases in costs are to be expected.
Any business owner who knows their business inside and out is way out in front of the competition.
