Are you a solo practitioner or coach looking for ways to ensure your business survives and thrives no matter what the future holds?
This episode is the first of a seven-part mini-series that provides steps to help you future-proof your business and set it up for success.
The series will cover topics such as building a cash buffer, reducing costs, outsourcing and automating, standing out from the crowd, and creating your own Success Team.
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Read The Transcript
Hi, I’m Di-Di Hoffman. Welcome to the first Monday of 2023 and welcome to part one of the 7-part mini-series, “How To Future-Proof Your Business and Thrive… No Matter What Happens,”
The future-proofing mini-series provides guidance on creating and implementing a future-proofing plan to help your solo practice survive and thrive no matter what the world throws at you. It encourages being proactive and empowered, rather than hoping for the best. And it’s only available here on the Badass Wellness Coach Show. To listen to the other episodes in the series, subscribe to the show, and then follow the link in the episode description.
Hey, badass bestie. Can I ask you a question?
If tomorrow’s headlines announced a recession, a natural disaster or some other challenging event like the Covid-19 pandemic, what would the impact on your business be?
And let us not BS ourselves, there are tough times ahead. Anybody who says anything else is talking about the stuff I fertilize my garden with.
The big question is…
Are you feeling anxious about whether you could survive an economic slump? Or, are you brimming with excitement about the potential opportunities it holds?
Either way…
Future-proofing your business is one of the best things you can do to survive and thrive no matter what the world throws at you.
Thriving in tough times doesn’t mean reducing prices. It doesn’t mean avoiding the situation. It doesn’t mean burying your head in the sand, or crossing your fingers and hoping it goes away.
It means being proactive and empowered, rather than worried and hung up on external things you can’t control.
It means having a battle-tested future-proofing plan in place rather than drifting around aimlessly.
In this episode, I’m sharing 6-steps which will help you build a strong and resilient business regardless of what happens in the future.
You don’t have to implement all the steps. But they build on each other. Each one you add gives you a stronger future-proofing foundation.
In the next six episodes of the series, we’ll dive deeper into each of the steps. And by the way, all the episodes will be short as this one.
- Step 1 is building up a cash buffer. Dividing your funds into separate strategic buckets is the best strategy there is to help you stay afloat during difficult times. In part 2 of the series, I’ll show you the buckets I’m using.
- Step 2 is reducing costs. You don’t want to cut costs to the point where you start diminishing the value of your brand and limiting your capacity to deliver on your promises. You want to focus on the cost hotspots and on being strategic about how you spend your money. In part 3 of the series, you’ll learn how to cut costs without switching off the lights.
- Step 3 is outsourcing and automating to free up your time. Because you’re a one-woman or one-man show, working on the highest-impact revenue-generating tasks is key to achieving maximum returns. In part 4 you’ll learn how to use outsourcing and automating to free up your time, without breaking the bank.
- Step 4 is standing out from the crowd. People are more likely to seek out professionals they know, like, and trust during a recession. Everything will be more difficult and expensive until you are seen as one of the go-to experts in your category. In part five I share the proven five-step framework for becoming a sought-after expert in your category.
- Step 5 is a maniacal focus on your Wildly Important Goals. Setting your WIGs and creating the plans and support structures to carry them out is essential in any economic climate. It becomes critical in an unpredictable economic climate. In part six I’ll share the three key components of maintaining focus on your key goals.
- The final step of future-proofing your coaching practice is to build your own Success Team. This team should be comprised of trusted partners and collaborators who can provide expert guidance to help you get through difficult times. You should also think about creating a network of other solo practitioners who can serve as a sounding board for ideas and provide moral support. This network can be invaluable for staying motivated and inspired.
Future-proofing your business means taking action today. You can implement these steps on your own, or, you can join the Future-Proofing Masterclass Series. This pay-what-you-want series features five on-demand masterclasses that guide you step-by-step through the future-proofing process. Plus, you can join the asynchronous group discussions, meet like-minded solo practitioners, and make new friends. Visit badasspreneurs.com/future or follow the link in the episode description.
One last thing before I go, part two, building up a cash buffer, will drop next Monday. Be sure to subscribe to the Badass Wellness Coach Show so that you don’t miss it. The regular interview episode of the show will move to Thursdays.
Be Blessed. Be Safe. And, GO future-proof your business.
Listen to the other episodes
Part 1: 6-Steps To Future-Proof Your Business And Thrive
Part 2: Coming soon.
Part 3: Coming soon.
Part 4: Coming soon.
Part 5: Coming soon
Part 6: Coming soon.
Part 7: Coming soon.
Meet Your Host
My name is Di-Di (Dee-Dee) and I’m an experienced horticulturist, serial entrepreneur, and former Banting (Keto) coach from South Africa. I’m also a modern-day Rainmaking nerd.
I’m passionate about fostering growth in businesses, people, nature, and the holistic wellness space. That’s why I started and ran 7 businesses, including the first commercial potted herb-growing operation and the first online herbology school in South Africa.
I understand the struggles of running a business that doesn’t thrive. That’s why I’ve drawn on the knowledge and wisdom of my extensive network of solo practitioners and my own 40+ years of experience to create the Future-Proofing Masterclass Series.
My goal with the series is to help you succeed and flourish in 2023 and beyond.
Future-Proof Your Business And Thrive…
No Matter What Happens!
JOIN The Future-Proofing Masterclass Series >>>
This on-demand pay-what-you-want masterclass series helps solo practitioners future-proof their businesses and thrive no matter what happens.
It covers topics such as building up a cash buffer, reducing costs, outsourcing and automating, standing out from the crowd, and creating your own success team.
It also includes tips for recognizing and planning for upcoming challenges, creating a strong financial foundation, and adapting quickly to change.
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