Small biz owners are reinventing their businesses all the time, especially in this economy. Old ways of doing business just aren’t working anymore. I’d love to be able to tell you that there are set of linear phases that every small business owner goes through while you’re reinventing your business and marketing models…
…but if I told you that, it would be a lie.
But there are some well-known phases that you might go through, sometimes circling back to one you thought you already finished, and skipping others completely. All these phases require you to put on your CEO hat and take a step back from daily busyness to look at the big picture.
Here is a short list of some of the signposts you’ll encounter on the road to reinvention:
- I know/feel/sense/think something needs to change – You find yourself pausing in the middle of the day and asking, “What’s next for me and my business?” People report feeling restless or frustrated, knowing deep in their heart and mind that the business needs a fresh new approach.
- Finding clarity on goals – If you spend time tapping into your goals for your business (and for yourself personally), you’ll find that it’s easier in the next phases to explore and choose the right business model for you. Is there a particular problem you need to solve? A particular dream you’d like to achieve? Values you’d like to express into the world?
- Exploring the possibilities – In this idea-generation phase you explore every aspect of your existing business model, looking for places to add, modify and discard. Since there are 9 areas to explore, you’ll have plenty of space to be creative. Even the craziest of ideas can be a springboard to a new business and marketing model.
- Making a road map – This is where you design your new business and marketing model, keeping what still fits from your old model and mixing in the new ideas you’ve generated. This is also where you create your transition plan and map out where and when changes will take place, and what resources you’ll need to make it happen. Now you’re thinking like a business owner and not just a worker-bee!
- Taking the journey – Implementing your business model changes can happen in a week or it can be a two-year process, depending on how complex the changes are and how many resources you have at your disposal. This is often a journey through the weeds and can be rough going. Why? Because you have to continue to run your existing business (unless you’re independently wealthy!) while creating your new business at the same time. Managing change can feel like a juggling act.
You’ll know when it’s time to start thinking about transforming your business. And now you know you’re not alone in thinking that way: people before you have been down this path and emerged victorious!
Where are you on the path to reinventing your business?
Karyn Greenstreet is a self-employment expert and business reinvention strategist. She shares techniques, skills and strategies about the 9 areas in your business where you can reinvent and transform. Visit her business reinvention website at www.RoadmapToReinvention.com