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Publish Date : June 28, 2016

How Do I Figure Out What Action Steps To Take In My Business?

In this episode, I'm going to clarify for you EXACTLY what next steps you need to take in your business. The truth is that there is so much information and mixed messages out there on the web with countless gurus telling you different things you need to do ,and it all sounds SO FREAKING COMPLICATED. But it doesn't have to be! Watch the episode and I'll make it all so refreshingly simple.

Prefer To Read? Here's Your Transcript:

If you ever feel stuck, not knowing what next steps to take in your business, please know you are not alone!

9 times out of 10, when an entrepreneur comes to me to help them grow their business, the first thing out of their mouth is "Amanda, I just don't know what I should be doing right now."

There's so much information and mixed messages out there on the web, with countless gurus telling you different things you need to do and it all sounds so freaking complicated.

But it doesn't have to be! The key to figuring out what your next steps are is to identify which stage of business you're in and then focus on the one core action step that will move you to the next stage. There are 4 main stages of business and each one has a core action step that's going to catapult you to the next level.

Stage 1: Operation Debt Control (Income: Pre-Revenue)
If you're in this stage of business, you're probably deep in personal or business debt and you're probably constantly afraid of investing in your business, because you just don't have the money or the resources. The big problem with this stage of business is without the funds or the abundant mindset to invest, you're going to hold yourself back. Therefore, your main focus is to GET OUT OF DEBT. Nothing else matters and that's all you should be focused on. The CORE ACTION STEP here is to create a Debt Pay Off Plan, like the one I teach in my Money Nerds program.

Stage 2: Operation Cash Flow (Income: Under 6 Figures)
If you're in this stage of business, you aren't in debt and you do have money to invest in your business, but not a lot. You may be making something, but it's just not enough and it's not consistent. The big problem here is you need predictable income to be able to finally pay yourself and feel safe in your business. Therefore, your main focus is to GET RECURRING REVENUE THAT GUARANTEES CONSISTENT PROFIT EVERY MONTH. The CORE ACTION STEP here is to get phone calls on your calendar to sell higher ticket items with recurring commitments, such as a 3-month 1:1 coaching package.

Stage 3: Operation Automation (Income: Between 6-7 Figures)
If you're in this stage of business, you are making pretty good money but, whether you feel it or not, you're headed towards burn out if you keep doing things the way you are. The big problem here is at that $20K/mo mark, there's usually a "sticking point" when an entrepreneur realizes, "Crap! This isn't scalable!" Therefore, your main focus is MAXIMIZING YOUR PROFITS WHILE MINIMIZING YOUR EFFORTS (YES! My zone of genius!). The CORE ACTION STEP HERE is INSTALLING AUTOMATION AND LEVERAGE into your business.

Stage 4: Operation Vacation (Income: Over 7 Figures)
This is the place we all want to be... Making money while you sleep... Your empire running without you... Completely shattering the income ceiling. Once you get here, there's only one thing to do: LOVE! Love your business, love your clients, and love your life!

Remember... No matter what stage of business you're in now, the next one is right around the corner. All you have to do is focus on that CORE action step, forget all the other noise.

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