Now that the new year is upon us and 2010 is history, I have been reflecting about my best and worst business decisions in 2010 to help me move forward in 2011. As I am setting my S.M.A.R.T. goals for 2011, it has been helpful to make a list of the things that didn’t work for me.
Some decisions were good and some decisions were bad as I built my business in my first year. It is my goal here on this blog post to share them so that those of you who are new to the online world will learn from my experiences. What I learned through the best and the worst decisions has made me very motivated to make 2011 a year of implementation and focus.
My Worst Business Decisions in 2010; Sort of:
I spent more money than I made, and what little I did make, I put it right back into my business by traveling. Some would say that was a mistake, but I found it as a learning experience to guide me into a better decision making mode for 2011. I found it very important to learn from some top leaders which allowed me the opportunity to travel to 4 live events in the west coast. Make no mistake, it was a great opportunity to meet those in person with whom I connected with online. In doing so, I have made some awesome friends and have met some fantastic business leaders. Not only have I met some fantastic leaders, I have connected with some online folks who have reached out to me for help. Lesson Learned: It’s like going back to school and learning something that I couldn’t learn in college.
I spent to much time training for everything I could get my hands on and became an information overload person with ADD, creating confusion and a lack of direction. In the first half of 2010, I began so many projects and went in so many directions before I was clear on my Niche, preventing me from understanding the importance of implementation and focus. I bought many programs and trainings and found myself learning one area of expertise, then learning another, thinking I had to be the expert in all areas. Lesson Learned: NOT!
I gave up exercise and local social connections. It was quite an adjustment for me to go from a large corporation working with lots of coworkers and having an agenda to working from home all alone and feeling isolated. When I started working from home, my focus was to become a student 24/7, keeping me glued to my computer for hours and hours. With this decision, I realized I had gained some weight and wasn’t as energized as I was when I was working outside my home. You might say I became a “hermit” except when I traveled to the West Coast. Lesson Learned: I have made exercise and local networking events part of my 2011 goals and have them written on my new 2011 wall calendar.
My Best Business Decisions in 2010; Really!
I signed up for a 6 month coaching course that gave me new insight into my personal growth and also the growth of my business. Coaching Cognition allowed me to explore the possibility of adding coaching into my business plan for helping new “boomerpreneurs” gain their confidence and lessen their overwhelm as they were starting off in their online journeys. It also helped me connect with the other students in the program allowing us to connect, train and learn from one another. Now, I am a coach helping my own clients. Lesson Learned: Personal Development and training is the way to move you business forward.
I learned that perfection can hold you back from achieving your goals. Have you ever wanted to start a project but had to have it perfect before you completed it, leaving it unfinished and leaving you frustrated and ready to give up? Yep, been there, done that myself. Here is a quote I have taped on my desk to remind me that perfection can prevent me from moving forward.
“The thing that is really hard, and really amazing, is giving up on being perfect and beginning the work of becoming yourself.” Anna Quindlen
Lesson Learned: Waiting to be perfect got in my way.
I learned to focus and implement. Like I said, the first half of my first year in business, I became a sponge learning all that I could but it was taking me in to0 many directions, leaving me confused and feeling a sense of ADD. When I returned from my last 2 Live events in November of 2010, a light bulb went off. I knew I had to focus and implement. When I got home, I began unsubscribing to all the emails that I never read, I got a large wall calendar that I have posted on my wall in front of my computer that I see every day reminding me of my goals and I got a timer that has helped me focus on only one project at a time. I learned to turn off all tabs on my computer so I could complete one task at a time. The timer taught me to TRAIN MY BRAIN for better focus. Lesson Learned: I am ready for 2011.
These are just a few of my best and worst business decisions for 2010. I do hope you enjoyed learning from me. Please share your comments below and let us know what you learned, best and worst in 2010. I believe it’s so much nicer to learn from one another.
Until next time, have a great day,
Cindy