Every business owner wants to hit that one million mark, no matter what stage they are in!
It’s that finish line that everyone wants to cross so that they can run towards the next. But it isn’t all that easy.
I know it, you know it, we all know how hard it can be to efficiently and successfully execute your business plan and scale it to the highest peaks.
The first distinction we all need to make is between dreaming about making a million dollars and actually working on a plan to achieve it.
And the one thing that can turn that dream into reality?
Your skills, your knowledge, your grit, and your perseverance!
Most of the time, entrepreneurs fall short in the faith they have in themselves and their skills when they hit a few rough patches.
Life might only throw lemons at you before you find the sugar to sweeten that lemonade.
But until then you can’t let others’ opinion control your decision. Sure, at times you will need guidance and asking for help isn’t a sign of weakness or giving up.
However, you’ll know whether the person preaching is actually on your side or just someone who can’t help but be a nay-sayer.
No matter how loud that noise is or the amount of negativity that flows your way, never forget the bigger picture of why you started in the first place.
And so, the first step towards your million-dollar journey is to truly understand where you stand and what things you need to focus on to get where you want to be.
How do you make that happen?
You must be thinking… here comes a sales pitch to hire a coach…right?
Nu-uh! As I said before, the ONE thing that can turn your dreams into a living breathing reality is “YOU”.
With the help of SWOT (Strength, Weakness, Opportunity, and Threat) Analysis you can get a crystal-clear picture of where exactly you stand right now, and what things need to be capitalized on and improved in order to be the person who will hit that million-dollar mark.
Here’s how you should carry out the analysis:
STRENGTH: These are the qualities, skills or gifts you have as an entrepreneur which make you a great business owner.
WEAKNESS: List down all the things you’re not so great at and require self-improvement or external help.
OPPORTUNITY: Think long and hard, and all the better if they scare you, make a list of opportunities you see for your business in the present and near future that will help you up-level FAST.
THREAT: These are the kinda things that keep you up at night and you worry over them repeatedly, jot them down so you can do damage control or better yet be proactive.
These factors combined will give you a visual layout of where you can improve and where you should put in more effort.
A SWOT analysis regarding your current situation in life and business can help you get an objective look, re-evaluate certain decisions you’ve made and what new steps you can take to meet that million-dollar mark.
Once you hit that big goal, all your time and effort will become worthwhile, fueling your passion to take bolder steps towards the next big bold goal.