So if we could, we all would live on a mountaintop, right? We would always have enough. Actually, more than enough. More clients. More products sold. More services sold. More revenues.
But life is full of ups and downs. And business is no exception. What can we do when we experience valleys in our business?
Here’s a few ideas to help:
1) Adjust your mindset
A scarcity mindset will trip you up. It will lead you to be not only in a valley, but in an endless sink hole. Get rid of those poverty emotions!
For instance, the other day I found that my husband was wearing a ragged shirt. I made him get rid of it. Hanging on to rags just perpetuates the cycle. I’m going through my clothes item by item and when I find a whole or tear I am throwing it away. I do this in full confidence that God is going to provide. I rely on Matthew 6 that says that He clothes the lilies of the field. He will clothe me, too! He will take my rags and turn them into riches! So I act in faith and let broken things go.
2) Discipline yourself to not spend
I can’t tell you how many times we ran out of money before the month was over. We would wonder how we were going to make it. Whether or not the lights would be on. Whether we would have the money for groceries or gas.
But each time, God provided. Sure, we had to “tighten our belts” but this discipline was actually good for us. We learned that, like Paul in the Bible, we could be content whether we had much or little. I became very adept at not spending unless I absolutely had to.
3) Move forward in faith
Sometimes the stress of being in a valley is so overwhelming that you don’t know what to do. Just do the next thing. One little step at a time.
Is there a thought nagging you that you need to do? Just do it! Are you procrastinating on something because you are afraid you will fail or that it’s too difficult? Just set a timer for 15 minutes and work on it!
Make that phone call, send that email, or write that article that will move you forward.
Being in this valley is not forever. You will climb out. It may be the climb of your life. But in the process, you are exercising your faith. Faith is what it takes to be a successful entrepreneur. You are becoming more strong. You are becoming mature.
And that will empower you to help more people. To make a bigger impact.
4) Work toward having multiple streams of income
Think about different ways you can bring in money. For instance, if you sell a health product, think about how you can become a coach. Develop informational products.
For my husband’s architectural business, he is working on blueprint plans he can sell so he is not trading hours for dollars and this will be another stream of income for us, especially in those times when the construction business goes through dry times. My business is crucial, too, in this so we have several income streams.
5) Create a savings account for the valley times
This seems obvious but if you are living payment to payment like we did for a long time, this is often hard to do. Start saving up until you have at least one month’s expenses set aside.
And that will mean your brand sizzles and your future dazzles!
Photo by Sam Beasley