Overcome Common Business Pain Points

As a business coach specializing in working with women business owners & entrepreneurs, I see a lot of gaps and pain points when it comes to business. While there are many, today I want to talk about three common business pain points that I’ve been seeing recently and that many of my clients have faced in owning their own business.

Over the years, I’ve helped many business owners overcome many pain points including the following three common pain points when it comes to owning their own business. If you see yourself here, fear not, I offer some suggestions for you to help you overcome them.

One of my main goals as a business coach is to help my clients and those in my world overcome pain points of all kinds, common and otherwise. For now, let’s take a look at these common pain points and some strategies to work through them. And you can get on with building and growing a business you love!

Feeling Confused

One of the most common struggles my clients and business owners face is feeling confused about the direction of their business. They often start with a clear vision, and as they got into running their business, doubts and uncertainties crept in. Clients come to me because they are questioning whether they’re on the right path or if their efforts will ever lead to success.

If this is you, it’s essential for you to revisit your initial why—the reason you started your businesses in the first place. By reconnecting with your passion and purpose, you can realign your goals and priorities. Additionally, breaking down long-term objectives into smaller, actionable steps can provide clarity and direction. Regularly revisiting and refining business plans can also help you to stay focused and adaptable in an ever-evolving market.

Dealing with Too Much Chaos

Running a business can often feel like juggling a dozen balls at once (and some you never even knew you had to juggle), and it’s not uncommon to feel overwhelmed by the chaos. There is a lot to do when you own your own business. From managing day-to-day operations, handling client inquiries, marketing and staying on top of administrative tasks, the constant pull of demands can lead to stress and burnout. Overwhelm and wanting to give up often follow.

To regain control amidst the chaos, by implementing effective time management strategies this will help eliminate some chaos. This may involve setting boundaries around work hours, prioritizing tasks based on urgency and importance, and delegating responsibilities where possible. Yes, I know this last one is challenging to every business owner. But it can be a game changer.

One of the key elements I use when I work with business owners is a deep dive into their business. So that they can see exactly what they have on the table they are spending their time on and what may be missing. Often it’s a core pillar they haven’t yet brought into their business in a way that works for them.

Embracing technology and automation tools can also streamline processes and free up valuable time. Additionally, incorporating regular self-care practices, such as mindfulness exercises or taking breaks, can help you recharge and maintain a healthy work-life balance.

Struggling to Make Ends Meet

This one is a big one. And sadly, a very common pain point. Financial insecurity is a significant source of stress for many business owners & entrepreneurs, particularly in the early stages of business development. You may struggle to generate consistent income streams, cover expenses, or make ends meet, leading to anxiety and uncertainty about the future of your businesses.

There have been many business owners that when I ask if they know how much it cost them to run their business, they look at me like I’ve just asked them to jump off a bridge. They just don’t know the answer to that question. In the years that I’ve run my Money Mindset for Business Owners Workshop I’ve only had two people be able to tell me off the top of their head how much it cost them to run their business. And almost every client I’ve worked with has been undercharging. Talk about creating the struggle.

To address financial challenges, conduct a thorough review of your business finances. This may involve analyzing revenue streams, identifying areas of unnecessary spending, and developing a realistic budget and financial plan. Exploring alternative revenue streams or diversifying product and service offerings can also help increase income potential and mitigate risk. Additionally, seeking support from financial advisors or mentors can provide valuable insights and guidance on managing finances effectively.

Build and Grow Your Business Your Way

Yes, it’s true, navigating all there is to do to build and grow a business can be full of challenges, but with the right strategies and support in place, you can overcome obstacles and thrive in your business. By addressing feelings of confusion, managing chaos effectively, and taking proactive steps to improve financial stability, you will unlock your full potential and build successful businesses that align with their values and aspirations. Now, doesn’t that sound nice?

---