135 | Fall in Love with the Game
Building a coaching business isn’t just about chasing results. It’s about falling in love with the process itself. Today, I share some honest truths about entrepreneurship, the rollercoaster every coach faces, and why enjoying the sport of business is the real key to long-term success. If you’ve ever felt stuck in the highs and lows, this episode will give you perspective and encouragement to keep going.
Key Timestamps
[00:00] The Sport of Entrepreneurship
[03:00] The Reality of Investments
[04:00] The Rollercoaster of Entrepreneurship
[05:00] Becoming a CEO
[06:00] Celebrating Small Wins
[07:00] The Value of Masterminds
[09:00] Uncomfortable Truths of Business
[12:00] Accountability and Self-Review
[14:00] Learning the Basics
“Fall in love with the process, because if you can enjoy the work before the big results come in, you are already winning.”
If you’re a coach who feels weighed down by slow progress or the ups and downs of building your business, this episode will help you shift perspective, see the growth in the journey, and find strength in the game itself.
✨ Let this episode remind you: success comes not from guarantees, but from showing up, trusting yourself, and learning to enjoy the sport of entrepreneurship.
If you found this episode of Women in the Coaching Arena helpful, please share it with a friend.
Useful Links
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If you’re kind enough to leave a review, please do let Jo know so she can say thank you. You can always reach her at: joanna@joannalottcoaching.com
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Transcript
I was chatting to a client the
other day and she said something
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:that really made me stop and smile
and it stayed with me ever since.
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:It was, I like the sport of it.
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:And it hit me that you really
do need to like the sport.
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:I often call it the game.
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:You need to like the
game of entrepreneurship.
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:You need to like that game
of building your business.
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:And this isn't me here to discourage
you because somebody tried to do that
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:to me when I started my business,
but it is sharing some honest truths
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:that I wish I had known earlier.
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:Because when you understand these
things, it becomes so much easier to keep
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:going and actually enjoy the journey.
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:It's of no surprise to me that
this person is probably my most
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:successful client and that's why,
because you have to like the sport
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:of it to actually build that success.
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:She, like everybody else, went through
all of the lows that come with the highs.
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:So putting in six months of work
with zero return at the beginning.
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:Going through all of the
generic niching things.
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:Going through the whole phase when your
content's just boring and no one's really
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:liking it, and you're working really
hard, you're doing all the consistent
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:things, and it's just not working.
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:So don't think that this is just
like a magic pill, but the fact
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:that she's come through those
things is what makes me realize
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:that that is why she is successful.
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:Because she likes the sport of it.
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:So my key point here is to fall in love
with the process, not just the outcome.
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:When you embrace the fact that there
are no guarantees in life, you also give
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:yourself permission to be creative, to
trust yourself, to try new things, and to
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:take complete ownership of what happens
next in your life and your business.
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:That is when you 20 x your personal
growth as a person and also as a business.
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:Because reward comes with risk.
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:So whilst I've helped
hundreds of people do this.
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:There's no reason you won't be successful.
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:You as the business owner, as the
CEO for your business, need to learn
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:how to take risks, how to believe
in yourself, how to trust yourself
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:to get the outcome that you want.
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:Every single time I've made an investment
right from the start of my business.
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:I've felt just like you do when
you make an investment thinking.
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:I don't wanna waste this money.
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:I need to know this is gonna work.
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:What if this is the wrong decision?
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:All of the fear, I still
actually feel it now.
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:I've invested in two different coaches
over the summer and I still really do
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:get that fear and afterwards I think, oh,
did I really need to spend this money?
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:Maybe I don't really need to do this,
and all of the things, but I just
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:know once I start working with these
people, I will be so grateful that
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:I made the investment in myself.
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:That I took the time to spend on me and
my personal development, my business
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:development, because a lot of the time we
are just sending signals to ourself that
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:this will work for us, and that is the
power in investing as well, is showing
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:yourself that you are serious about this.
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:You are gonna actually show up and get
the results that you have paid for.
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:I don't know many entrepreneurs
that have that glowing success story
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:where they didn't have the rock
bottom moment where they thought,
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:oh, this is never gonna work.
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:Why is nothing working?
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:Why is no one paying me?
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:Why is no one engaging with my content?
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:And that's what entrepreneurship gives
you is the personal growth to go through
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:those moments again and again and again.
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:And if you are on this journey, I'm
hoping you are smiling now because
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:you will know that rollercoaster
of, oh my gosh, everything's okay.
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:I've got a client today.
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:And then, ah.
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:Where's my next one gonna come from?
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:And you go down back to the low and
you think, oh, nothing's working.
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:It's exactly the same.
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:If you think about your social
content, sometimes you can go
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:through a really good phase.
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:You feel like you've nailed it,
and then the algorithm changes and
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:suddenly nothing's working again.
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:And what going through those
moments gives you is the skills
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:of a successful business owner.
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:You can't have the attributes
of a CEO without going
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:through those highs and lows.
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:If you think about the CEO in
maybe your past organization.
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:Then you will know that they
usually worked their way up.
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:They didn't just appear as the CEO.
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:Maybe they slowly started getting
promotions, running a team, until
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:eventually they had earned their
stripes as the CEO . so stop seeing
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:early progress as pointless if it
doesn't hit those big income targets,
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:those are the moments that you will
look back on and be so, so proud of.
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:I think my biggest, most proud moment
is probably my first ever paying client.
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:I tried to sell at 650 pounds and
she negotiated me down to 550 pounds.
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:It's still the moment I feel in
my body when I think, oh my gosh,
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:someone who I think is amazing
has paid me to be their coach.
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:So just know that all of these moments,
these small ones especially are the
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:moments you will look back on and
see that all along you were blooming.
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:I had a big wake up call of this myself
recently because I have a mastermind
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:called the Next Level Mastermind.
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:I sent out a feedback form
to the previous participants.
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:I must admit, I have a huge teaching
element in me and because in the
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:Mastermind I don't really teach.
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:It's actually been really tricky to
own my value in that space initially
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:because I'm so used to teaching like
I do all of the time in this podcast,
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:in my business of coaching program,
in webinars and other things that I
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:do that it felt really uncomfortable.
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:Just holding the space.
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:And anyway, I opened the feedback
forms and they were 10 out of 10.
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:Would you recommend this
mastermind to other people?
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:Which made me so confused in all honesty
of like, oh, wow, people are still gaining
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:so much from just being part of the space.
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:Having somewhere to celebrate wins.
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:Having an amazing group of people
who really get where they're at to
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:share their experience, ask them great
questions, but being part of something
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:matters as much as information.
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:So that's been my really
big win over the summer.
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:And that's why I am recording
this podcast in fact.
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:Because most of my podcasts,
I teach a lot because I know a
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:lot and there is a lot to learn.
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:But what I really want to start doing
is helping you to shift perspective.
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:Because often it's not
always in what we know.
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:It is about who we are as a
person that brings that success.
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:And if I look around the room at my
mastermind, there is not one person
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:there that would ever ask for a guarantee
that they will get X, Y, Z by becoming
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:part of the Mastermind because they're
experienced business owners and they
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:know that they are responsible for
their business and their results and
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:their progress in that mastermind.
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:So I think that is the difference
between a new business owner who
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:hasn't currently established the
skills, the responsibility, the risk
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:taking that entrepreneurship requires.
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:Versus established business owners
who have been through the highs,
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:the lows, and got to the other side.
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:So this episode is more about
uncomfortable truths I don't always
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:share because what I've realized from
having a month off so far, I'm on my
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:school holidays and suddenly I have the
inspiration to share a podcast with you.
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:I've been running the same program now for
over four years, which is really exciting.
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:It's changed loads in that time.
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:I'm still completely obsessed by
it, but I'm also slightly jaded, I
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:guess, when I see new coaches misled
by a real lack of knowledge, and
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:it hurts me because that was me.
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:When you look back on what you used
to think and believe, and I genuinely
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:had no idea that there was gonna be
a learning curve involved in building
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:my business, as many coaches don't.
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:I thought as soon as I had that
qualification, I would just have people
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:queuing up at my door for my coaching.
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:I'm privileged to have started working
with a few coach training organizations
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:recently and super established ones
at that, so I'm so, so glad that
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:some coaching organizations are
starting to prioritize and share the
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:real honest truths of what happens
the other side of coach training.
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:The final uncomfortable truth I
wanted to share today is really
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:learning to treat your business
like a job with accountability,
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:consistent hours, and thinking to
yourself if this was an employed role.
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:Would you have a job right now?
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:Because what I notice is, oh, I put
out one social post this week, and
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:that is essentially an hour's work.
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:Amazing.
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:And I get it, maybe you
are not working full-time.
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:There are all sorts of variations
of building a business.
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:Like I do term times school hours only.
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:So I certainly don't have full-time hours.
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:But whatever hours you do have in your
business, it's really worth focusing on
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:a small number of high value activities.
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:Usually these are the things that mean
real interaction with real people.
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:So that might be going to a
networking meeting that is very
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:specific to your ideal client.
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:That might be sending a bunch of dms
to people that start conversations.
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:That might be speaking on a podcast
so you can get in front of more
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:listeners, but it's really worth
thinking about what can you do in the
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:limited time you may have available.
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:I actually was probably way more
efficient when I had about eight
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:hours a week on my business.
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:'cause I had two days with my son in
childcare and they were like 10 till
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:2pm days or something really small.
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:But I used to do far more then than I
do now when I have actually a lot more
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:time 'cause my kids are a touch older.
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:So whatever excuse you are making
that you don't have time, I hear you.
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:But jot down those really hard tasks that
you don't wanna do and do them first.
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:There's that book called Eat the
Frog, and that's essentially it.
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:Do the thing you don't wanna do.
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:So that might be sending the dms,
that might be pitching the podcast.
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:Anything that's essentially
gonna deal with rejection are the
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:things that I certainly avoid.
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:So you may be similar.
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:Get them done first before creating your
pretty Canva picture or whatever it is
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:you will want to use your time doing
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:. So the real honest truth here that
I want to share is to give yourself
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:performance development reviews.
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:How are you doing?
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:Are you focusing on the hard,
uncomfortable things or are
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:you hiding behind social media?
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:If you are to be in the top 20% who
succeed and if you were doing your
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:own personal development review,
would you be giving yourself feedback?
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:What would you say you could do
differently with your time, with
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:your energy, with your focus?
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:And this really isn't easy.
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:These are questions I
ask myself all the time.
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:Am I making the most of the opportunities
that are right in front of my nose?
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:All I can say is that over the
years I really, really have made
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:the most of those opportunities.
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:I've put in every ounce of energy
and enthusiasm and time that I
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:have had things like my friendships
have not been prioritized.
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:I've got young kids as well, and every
waking moment that I had up until this
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:point in my business has been building
the business, and I'm finally getting
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:to the other side now where I really
do want to have my six weeks off.
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:I don't always want to sneak
onto my laptop, which used to be
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:like, oh my gosh, I wonder if I
can do some work this weekend.
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:How very exciting.
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:Now I just wanna go sit in the garden.
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:I don't wanna look at my phone.
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:So I think there are seasons in life and
the initial season of your business is
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:hard work and that hard work will give
you the reward that you want in the end.
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:So here's a view behind the scenes truths.
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:I advise you to get to know
all corners of your business so
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:you don't have to feel scared.
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:I remember when I just wanted to say
hi first name in my newsletter, but
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:I just didn't know how to get that
first name thing to work, and I felt
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:so stressed and overwhelmed by this,
which made me realize that actually
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:I kind of needed to learn the basic
foundations of all of my business
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:before really being able to delegate
effectively and to overcome that fear
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:of going into my own system and sending
an email or updating my own website.
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:Because I see so many people have
to say, oh, I'll speak to my web
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:designer, or I'll speak to the person
that set up my lead magnet because I
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:don't know if I can make any changes.
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:And they're essentially
trapped in their business.
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:And this isn't saying never delegate,
but it is saying, don't delegate
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:all responsibility to someone else.
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:If somebody does build it for you, get
them to have a little mini training
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:session with you and record it so you
aren't at ransom to other people to do
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:really basic things in your business,
like make a quick change to your
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:website, send an email to your list.
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:Just small things that
you will need to do.
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:And if you are petrified of tech.
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:Honestly, I used to be petrified
too, and now I can do crazy things
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:probably better than the people I
would pay to do this stuff, so please
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:know you can do amazing things.
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:We are so well resourced
right now with YouTube.
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:And every time you learn one new
thing, you are building confidence
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:and freedom into your business
and that is worth celebrating.
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:So I've gone off on many, many tangents
today, but I hope this off the cuff
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:episode is a good boost for you to
remind you that you are responsible,
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:you are creative, you are whole, you
are resourceful, and you can do this.
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:You really do want to fall in love
with the process because what I'm
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:going through right now is that
reaching that destination where
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:you've essentially made it on paper?
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:Isn't the thing that you thought it was,
and the chase is always gonna be there.
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:There's always gonna be that
next goal that you want.
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:So how can you learn to reflect more
and fall in love with the process more?
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:Because if you can enjoy the work you're
doing now before all of the big results
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:come in, you are already winning.
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:You will become the kind of business
owner who can handle whatever comes next.
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:This is exactly what I'm doing in
my business at the moment and really
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:starting to reflect rather than teach.
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:So I hope you liked this
episode that I know is very
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:different from my usual stuff.
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:I wanted to share what
was on my mind today.
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:Please let me know if this episode
resonated with you and I could
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:share more real honest truths
with you on future episodes.
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:And like I say at the end of
every episode, trust yourself.
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:Believe in yourself, and be the wise
gardener who keeps on watering the seed.
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:Microphone (Samson Q2U Microphone):
Thank you so much for listening to this
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:episode of Women in the Coaching Arena.
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:I have a mess of free resources on
my website joannalottcoaching.com.
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:That's Joanna with an A
and Lott with two T's.
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:joannalottcoaching.com.
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:And I'll also put links in the show notes.
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:Let me know if you found
this episode useful.
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:Share it with a friend and
leave me a review, and I will
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:personally thank you for that.
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:Remember to trust yourself, believe
in yourself and be the wise Gardner
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:who keeps on watering the seed.
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:Get into the arena dare, greatly and try.