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Sandra Brevett
Works at The Brevett Group LLC
Lives in Alexandria, Virginia
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Sandra Brevett

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2 Sources of Energy To Grow Your Business

I encounter a lot of solopreneurs, individuals who are building a business doing what they love.

Consistently I find that there's a lack of understanding about how to grow a viable business, one that can financially support the business owner.

One common idea:

"If I have a passion for something, there are enough people with the same passion such that I can build a business on this."

This is true... but it takes longer than you might have been told.  Usually it will take consistent effort for 3-10 years before you can live on an income based on a passion-led business.

(There's nothing wrong with this, as long as you don't need the money soon.)

On the other hand, if you want to build a business that can begin to financially support you sooner, such as within 3 years, or even within 3 months, then you need to build a compassion-led business.

Here's what I mean:

There are 2 sources of energy when we are building a business.  

Internal Energy -- your own philosophies, ideas, hobbies, your own background, knowledge, your message, peak experiences you've had, things you love doing, topics you enjoy talking about.  In short, your passions and interests.

External Energy -- actual other people's problems, challenges, issues, frustrations, needs, desires, dreams, other people's behavior.  In short, a business based on what other people want.

To clarify, when I say actual other people's problems, I mean not just what you believe philosophically, that "the world" needs, or what "people" need.  That's still your own ideas and internal energy.  

External energy is real individuals that you have talked with.  You know their names, you know enough about their actual life, you really know the exact problems they are facing, that you could design (or re-design) your service to help them better.

Think of a time when you saw someone suffering, and you felt motivated to help them ease their pain.  

Or think of a time when you got really excited about someone else's dream, and you felt energized to do what you could to help them reach their goals.

That's drawing from an external source of energy.  You were motivated by what other, actual, real world people are needing and wanting.  This is a compassion-led business.

Always remember: Money comes from other people, not from your own passions.

So when you build a business drawing primarily from external energy, you are able to get clients sooner, your marketing is easier, and your business can support you financially in the short term.

How can you develop this external energy source?

Find individuals who seem like your ideal clients.  Talk with them about the problem you want to solve.  Get to know how that problem is really expressed in their life.  

(Or maybe it's a different, but related, problem that they want to have solved.)

And very importantly:

Also find out how they would spend money (what they would buy) to solve problems like the ones you can solve.

After talking to at least 10 such people, develop a service/product that solves the problem of the actual people you've talked with.  

If you need some more clarity whether the service is really helpful, do some Niche Interviews.  Here's how: 
https://medium.com/@georgekao/7108e7db96db

Once you've gotten at least several people excited about your service, because you've designed it to solve their actual problems, and your service is delivered in such a way that they would buy, then go ahead and give them the service.  

Ideally, you would give even these first people the service in exchange for their money, but in the beginning it is fine to get some clients purely to get their feedback and hopefully, some testimonials! 

**

By taking these actions, you are sourcing your business from external energy.  Continue doing this to bring yourself income sooner.

Again, remember that if you don't need the income soon, then you can source your business development mainly from internal energy -- your own passions, problems and ideas.

It's up to you.  

Either way, make a conscious choice about it!

**

George Kao’s best articles, sent via email:
http://georgekao.com/email

#consciousbusiness   #startup  

To comment or share in Facebook, click here:
https://www.facebook.com/GeorgeKaoCommunity/videos/10154498545984867/
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People love to buy American made. Americans want to know that when they purchase a product that it is helping the economy, coming from responsible factories, and that they are supporting American businesses. American made brands are thriving, however
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Readers are leaders. By reading these 20 books before you are 30, you will be ready for a lifetime of learning, applying and growing as a person.
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I typically work with huge datasets and draw conclusions based on thousands of leaders. Recently, however, I was working with a small dataset of just 30 leaders. These leaders work for a high tech company with more than 60,000 total employees. This group of 30 were considered to be some [...]
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The mass introduction of bills is aimed at a longstanding problem that still hasn't quite been solved.
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Its diversity report goes further than many of the ones shared by its tech giant peers.
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Are you doing the right kind of marketing to reach your goals?

It depends on whether the marketing you're doing is meant to get clients ASAP (short-term marketing) or instead, focused on longer-term trust building (long-term marketing).

Here is the slideshow: http://j.mp/1OQ2h9E

Or watch the video below.

Other links mentioned:

Niche Interviews -- https://medium.com/@georgekao/7108e7db96db

3 Stage Plan for Enrollment -- https://plus.google.com/+GeorgeKaoCommunity/posts/TQ9VzB4R2xj

Making your content more engaging:
https://www.mindmeister.com/388449576

Making your offer more relevant:
https://medium.com/@georgekao/9de7478bc06a

Any questions after watching this video, comment below!

#GeorgeKaoVideo #marketingtips

To comment or share in Facebook, click here:
https://www.facebook.com/GeorgeKaoCommunity/videos/10154384471219867/
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If there is magic on this planet, it is contained in water. Water is important to your good health. Find out what can happen when you drink more water.
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For many women, money--earning it, saving it, having access to it--represents more than just an ability to pay bills, stockpile for retirement or have nice things. It's a subject area fraught with self-doubt. A 2014 study from Fidelity Investments found that women have good intentions about managing their finances (92% of respondents [...]
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A serial entrepreneur whose passion and purpose is  to help others fulfill their dreams and goals. Specializing in Branding, Business Development, Life Coaching, Social Media, Internet Marketing, Strategies Development and Business Consulting.
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