Business Coaching Blog

Using the power of setting and achieving goals, Carmin Wharton specializes in coaching women in starting an online business and online business growth and development.

How is Your Vision?

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Examine Your Vision

If you have a vision for your business and/or your life, when was the last time you examined the vision? We know how important it is to have our eyes examined on a regular basis but what about the vision for your business and your life?

Anytime of the year is the perfect time to either examine the vision for your business and your life or to establish your vision if you haven’t already done so.

Here are 10 questions to ask yourself to help you get started:

Question #1: Is your vision for your business or your life clearly defining what you want to focus on? Or is it time to rethink your vision statement? There was a reason you went into business and you had a particular market in mind. Wherever you are now in your life is due to your intended or unintentional vision.

Question #2: Is your vision statement followed by a mission statement that clearly defines how you are planning to reach your vision? There are steps you must take to reach your vision. Attaining a vision is like going on a road trip to an unfamiliar place; you need a road map; your steps are your road map.

Question #3: Do you have an effective contact management system in place and are you keeping your database current? Your clients and family and friends are your lifeline. Just as we would die without blood (our lifeline) your business will die without clients and customers and your personal relationships will die without regular contact. Find a way to keep in contact with them.

Question #4: Do you have a referral system and are you asking for referrals? This applies to business and personal relationships.

Question #5: Are you tracking your leads and determining the conversion rates of leads and prospects into clients, friends, community relationships, romantic partners?

Question #6: What is the level of customer satisfaction among your clients and your personal relationships? Are you surveying your clients to find out how satisfied they are with your products and/or services and your level of customer service to them? Are you nurturing your personal relationships to the other person’s satisfaction?

Question #7: Are you constantly networking to discover new opportunities to grow your business? Do you frequently look for new ways to spend time with family and friends?

Question #8: Do you have a cash flow challenge? Are clients paying their bills on time? Do you have a follow-up plan to collect past due receivables? Have you become your loved one’s ATM machine?

Question #9: Have you updated your strategic action plan for the next year and for the following 3 to 5 years? If you are seeking a mate, do you have an action plan? If you aim to spend more time involved in leisurely activities, what’s your action plan?

Question #10: Do you have a succession plan or exit strategy in place? You will not live forever; do you intend for your business to live following your death? If someone offered to buy your business, do you have a plan to decide the worth of your business? Have you given loved ones instructions on managing your personal business in the event of your death? If you would like to reprint this article, you are free to do so as long as the content remains intact in its entirety and the byline below is included with the article.

Carmin Wharton is a certified business coach to women and a life coach to women who are stuck and can’t move forward to create the dream life, career or business they deserve.  She helps women change their lives one goal at the time!