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The Number One Business Question I Regularly Ask Myself

The Number One Business Question I Regularly Ask Myself

After years of trial and error and navigating periods of burnout, I’m delighted to report that I have a business model that really works for me. Not only does it bring in regular and sustainable income but it does so in a way that allows me to take time off when I need to, not work crazy hours each day and still have an impact on my client’s lives and businesses.

This is not by accident, it’s by design and from keeping my focus firmly on one question and 3 variables.

How can I make the most amount of money, with the greatest amount of ease without sacrificing impact?

What I love about this question is that it’s answer leads me to a business model that is sustainable for me. Let’s look at each of these in turn.

You don’t need me to tell you how important income is. Without income, we don’t have a business (rather an expensive hobby). Without a steady and consistent flow of income that covers our expenses, we struggle. Often living month to month in a state of stress and worry, which then impacts how we show up to our work.

We might even repel would-be clients with a needy, desperate energy because we are so focused on getting the sale that we struggle to stay in a mode of generous service.

Or maybe you are making regular and consistent income and want to grow. You want to go beyond just covering expenses and want to be able to save for the future, travel, buy a home.

Whatever your situation, as a business owner, income is likely to be a priority for you.

If it’s the only priority, that’s when we run into trouble. That’s where we see businesses that prioritise profits before people and we all know how that goes.

As conscious business owners, only focusing on money isn’t enough of a driver for us, so it would be unsustainable over the long term if this was our only priority.

When we seriously consider how easy it is for us to do the work we do, we begin to work smarter instead of harder.

It’s a common mistake to think that if we are going to make a decent living, we must be working hard. I long ago stopped buying into the idea of hard work. Does that mean I slack off all day and do the bare minimum? Hell no!

What it means is that I consider each and every task and service I offer in my business and ask myself, how can I make this easier for me to do? How can I work smarter instead of harder?

Over the years that has looked like simplifying my services so that I still serve my people but without overstretching myself to do so. Why? Because overgiving and overextending ourselves is not sustainable in the long term.

For the conscious business owner, having a positive impact is a key driver in everything you do. It’s why you do the work you do, it’s what motivated you to start your own business in the first place.

When impact is focused on above all else, we start to see overgiving. We tell ourselves that in order to have a meaningful impact we must be doing all of the things for all of the people, all of the time.

When impact is prioritised over income, I hear business owners saying things like “the money isn’t important to me” and this is where I despair.

When we only focus on impact and ignore the importance of both income and ease, we deplete ourselves in the name of giving. We give everything to our clients and don’t get enough in return. We live in a state of unsustainable struggle and over time, this inevitably becomes unsustainable.

When making the most money in the easiest way possible becomes the goal, without any consideration of impact then the end user or client can suffer because the impact of the service is not being prioritised.

Maintaining a healthy balance between all three of these variables (income, ease and impact) is crucial and ultimately leads to the most sustainable way to do business.

What this looks like in practice

Allow me to give you an example of how this has played out in my own business.

When I first launched the Conscious Business Mastermind back in 2020, I had the price low — 100€ a month. I gave a lot for that. Weekly calls all year round, new classes every month and 1:1 sessions for every member, every quarter. The number of participants that first year was also low. The result being a yearlong group program that wasn’t profitable and that took an enormous amount of time to deliver. Low income, high impact, low ease. Not sustainable.

Over the years, asking myself the question, how can I make the most money, with the greatest amount of ease, without sacrificing impact? has led to many changes which have resulted in the Mastermind becoming a hugely important revenue generator in my business. It’s also where I see many of my clients really soar. Those changes have included: Putting the price up from 100€ to 135€ a month, removing the free 1:1 sessions and instead offering these at a discounted rate and focusing on getting the numbers of participants up. Given that I repeat much of the teaching, every year it gets easier to deliver.

I’m regularly told by participants that I could charge more for what’s on offer but I don’t because I think that on this service, I’ve got the balance of Income, Ease and Impact just right. But this didn’t happen by accident. It happened because I thought long and hard about these 3 variables and made sure that all were taken into account as I tweaked and redesigned my offer. High income, high impact and high ease = sustainable over the long-term which is why I’ve offered it for 4 years running.

So how about you? Is your business model working for you? Could you use some support. See below for details of a low-cost workshop I’m running on this very topic.

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Once a week, in the form of an e-letter, I share the best of what I know about building a business with integrity for conscious business owners.

The intention behind these letters is to be a voice for integrity within your (undoubtedly) cluttered inbox. To be the one email you can count on to contain strategic and soulful advice for building a business without selling your soul.

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The Secret to Sustainable Productivity

The Secret to Sustainable Productivity

Position yourself to succeed by doing the other things in your life that rejuvenate you. Exhaustion affects your quality and productivity.”

~ Jeff VanderMeer

I don’t know about you but I’ve never felt comfortable with the term productivity. It all too often felt like a standard I could never quite reach and to do so would require me to be almost robotic like in my work habits. Inherent in the term, for me, was this idea of doing more which for someone who already does a lot felt punishing.

Several years ago, my views on productivity shifted big time. After a tricky year beset with illness and, dare I say it, a certain level of burnout in 2018, I realised that my habit of putting my head down and soldiering on wasn’t really working for me. Working harder wasn’t bringing me greater results, if anything they were declining.

So towards the end of that year, in my search for a more easeful way to balance being a full-time business owner and Mama to an energetic toddler, I came across a number of books that turned my ideas about productivity on their head. These books included:

Joyful Productivity by George Kao

Deep Work by Cal Newport

Sabbath by Wayne Muller

The case for rest

As I read these books (all of which I highly recommend), I realised that they all kept pointing to the same thing. They all argued the case for rest. Rest you might think is the enemy of productivity but here’s where I had a real epiphany. It absolutely isn’t.

Because guess what? As obvious as it might sound, we cannot do our best work if we don’t get sufficient rest. Not just that, but being productive — because as creative business owners, we absolutely do want to produce things of value for our audience — is not about working harder and working more. It’s about having the time we do work be truly focused and deep.

It’s about working smarter. Something we are only capable of in short bursts, punctuated by breaks that allow us to rest and renew our energy.

When we’re busy, which, as entrepreneurs is much of the time, it can feel extremely counter-intuitive to take a break, to put down what we’re working on and walk away but in doing so, when we return to the task at hand, what we have is renewed energy and an even greater ability to truly focus. This in turn makes us more productive than we would have been without the break.

Before my epiphany about productivity, I never really took breaks. I sat hunched over my keyboard for hours at a time and basically wore myself out. After that fateful year, I made some huge changes to how I worked which brought about some surprising results, including, but not limited to, generating huge jumps in revenue, year on year ever since.

Less is more

The changes I implemented that led to the turning point in my business growth included:

  • scheduling and taking more breaks during the course of my working day.
  • Looking for and implementing ways to simplify my business activities, which meant taking on fewer new projects as I focused on content creation and outreach.
  • I also stepped off the treadmill of creating new things for my audience and instead built upon what I already had in place.

Since making these changes back in 2019, my business growth has been greater than all the years preceding.

This helped me to see that the idea that creating and offering more will generate more income is not necessarily true. Instead, what I now believe is that doing less but doing it well (i.e. working smarter vs working harder) actually leads to greater growth.

We absolutely don’t have to wait until we get sick, burn out or have a baby before we take sufficient breaks, simplify our activities or focus hard on the task in front of us. Instead, we can start to do so right now before it becomes a necessity and reap the benefits of doing so.

My invitation to you is to take some time to answer the following 3 questions so that you too can take a more sustainable approach to productivity:

1. What can I stop doing that will give me more time to work on the things that matter?

2. How can I change my work schedule to incorporate more breaks and opportunities for rest?

3. What are the key business growth strategies I plan to focus and go deep on this year? Which ones can I then eliminate.

SIGN UP FOR MY SOULFUL STRATEGIES WEEKLY

 

Once a week, in the form of an e-letter, I share the best of what I know about building a business with integrity for conscious business owners.

The intention behind these letters is to be a voice for integrity within your (undoubtedly) cluttered inbox. To be the one email you can count on to contain strategic and soulful advice for building a business without selling your soul.

If you want to receive the Soulful Strategies Weekly, simply share with me your name and email address below and you’ll start recieving emails right away.