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“5 Essential Strategies to Plug Your Money Leaks and Double the Amount of Money You Make This Year”

Join me for this brand-new high-content LIVE session.

You’ll be stretched personally by me as you begin to learn the exact business and marketing principles I used to grow my own multiple 7-figure and 6-figure businesses.

Then, you can immediately start using them yourself to upgrade your entire life—both personally and professionally.

This is also your opportunity to win a Complete Business Makeover (at no charge) as well as witness others experiencing breakthrough and “aha” moments while in the “hot seat” with me.

Barrington, IL • Friday, May 24, 8 am – 12 pm

Get the details by clicking here.

Announcing Bonita’s Marketing, Money and Sales Intensive for women entrepreneurs looking for HOW to earn more money and work SMARTER in their business.

Here’s how to tell if you’re ready to be a ROCK STAR at growing a business and what you’ll learn in this LIVE 4-hour event with me…

• You want clarity on the future “long-view” and where you are going…AND you want to know how to make it happen doing the day-to-day activities.
• You’re already doing okay in your business BUT you’ve hit a plateau and are ready to leap into the NEXT LEVEL.
• You want to learn from someone who actually has business experience and is an experienced teacher, adviser and business mentor. (me)

Here’s what we’ll cover:

1. Gain Clarity & Focus: Master Planning

2. Make More Money: Profit & “The Numbers”

3. Charge Higher Fees: Offers & Pricing

4. Be Seen: Promotion & Sales

5. Get Help: Collaborations, Partnerships & Advisers

Join me in the Make More Money Event to experience a level of business wisdom and training event unlike any other.

* The first 25 23 women who register will receive this valuable BONUS gift *

3 Steps to Authentically Price Your Programs for Profit! ($97 value)

Get the details by clicking here.

See you there!

~Bonita

There’s a lot of buzz out there about making ’6 figures’ of income in your business.  I’ve met many women entrepreneurs who feel conflicted about this number.  That’s what has led me to ponder the question—why is this so?

After some thought, I believe it boils down to one basic question women entrepreneurs are asking themselves:

Do I really need to create 6 figures of income?

To bring clarity to the ’6-figure’ dilemma, here are two questions a woman entrepreneur needs to get the answers to:

• How much income does she need to meet her expenses and financial needs today?
• How much income does she need to live the lifestyle of her dreams and create a financially secure future?

Answering both of these questions will help to realistically determine income needs, and if earning a 6-figure income should even be a goal. 

How much money do you need to make?  Here is how you can figure out the answer to this question for yourself:

Step 1: Get clear on your immediate cash needs

The first step is to determine how much money you need to live your current lifestyle, considering expenses and desired improvements.  If your monthly personal and business expenses are $5,000, this is the “baseline” income number you need to generate.

If you want to make improvements, say to buy organic food for your family or start investing more in a retirement account, determine the amount of money you’ll need and add this to your baseline income number.

Bonus Tip: Compare this number to your total household income.  It may be you have to generate more income in your business to meet expenses. 

Another scenario is that you have adequate income coming in, and maybe it is time to take that much-needed vacation, or maybe this can free up a family member to pursue a dream of their own.

Step 2. Build your business around your desired lifestyle and “wish list”

If you’re in business for yourself, I’m sure one of your dreams was so you can design the life you want to live today, as well as in the future. 

To figure out how to make the money you want to live your desired lifestyle and finance your dreams, start by creating a “wish list” for what you want to happen in the next twelve months. 

Once you get practice looking one year ahead, you can then create wish lists for 2, 3, 5, 10 and even 20 years into the future!

List up to ten things you dream of giving, having, being, and doing. To get you started consider the following items:

• 2 places you’d like to visit or to create a memory of a lifetime
• 1 thing you’d like to do daily that you enjoy
• 1 thing you’d like to do weekly that you enjoy
• 2 things you’ve always wanted to learn
• 2 things you’d like to do/contribute/give to others

Take your 12-month wish list and attach dollar amounts to each item.  Add up the total cost and divide by 12.  Then, add this dollar amount to your monthly baseline income number to calculate how much you need to fund your lifestyle and one year dreams!

Step 3. Build a nest egg for the future

Another piece of your financial life is building a nest egg for retirement, and to create wealth.  To create wealth focus on creating income, making wise investements that will yield a return-on-investment, acquiring assets, avoiding liabilities, and minimizing expenses.

To determine your financial needs for a comfortable retirement, meet with a financial planner.

Your business is a perfect vehicle that empowers you to create the lifestyle of your dreams and build a strong financial future.

So, how do the three things I covered answer the question I posed earlier—do you really need to make 6 figures in your business?

To answer that question, it simply boils down to the numbers. 

There’s no question that a ’6-figure income’ will help create a comfortable lifestyle for you, for the people you care about, and build a nest egg for a secure financial future.

My coach’s request of you this week is to complete Step 1 to get clear on your immediate cash needs to determine the minimum amount of income you need to create each month.  Then, do Steps 2 and 3.

I’d love to know which one of these income tips resonates the most with you. Please share with me by posting a comment below!

Join me for an All-New *FREE* training call, “10 Blind Spots Holding You Back from Making 6 Figures and How To Break Through Them to Achieve Your Next Level of Income”.   Every entrepreneur has blind spots that they’re unaware about…or they know about them, but they’re not sure how to move through and get past them.  If you are ready to finally get past what’s been holding you back, then you don’t want to miss this*FREE* training call that is guaranteed to give you specific strategies you can implement immediately so you can get un-stuck and start moving forward right away!  Register for the call here.

P.S. Do you know someone who would benefit from this mindset-shifting training?  Please feel free to share this information with them by sending them this link: http://www.bonitarichter.com/aoic-previewcall-opt-in

As a solo entrepreneur, I know how isolating it can be … how blindspots can trip us up (that we don’t even realize) … and how it is to have no one to share ideas with when we need them.

That’s why I’m planning on leading a 2-day Master Mind, where I’ll be teaching business and financial management skills you need to make your business work.

And then each participant will get 45 minutes to present her biggest roadblock to the group—and get coaching from me and feedback from the other smart people in the room so she can propel her business forward like never before.

I have one question that I’d really appreciate you answer for me:

“What’s your biggest challenge to adding 6 figures of income to your business this year?”

To answer please visit this survey link: http://www.surveymonkey.com/s/GRPL5MN

You have my deepest appreciation for helping me out!

~Bonita

“I never seem to make any headway on my ‘to do’ list.  It keeps getting longer every day, even though I’m working and marketing all the time—usually 6 days a week.  And, I’m not making enough income, even though I’ve been ‘at this thing’ for a few years. (building a business) I’m not sure if my business will ever work.”

It pained me to hear one of my new clients confide this to me.  It was clear she was working very hard in her business, and doing what she’d been told to do by other successful mentors.  She even had team members in place to help her. 

Yet, she was still overwhelmed, working all the time, frustrated, and wasn’t making enough money in her business.

Once I took a look at her business and marketing plan, and how she was managing her time, it quickly became clear to me why she was struggling.

Many women struggle with focusing and prioritizing which activities they must do to build their business.  This is not surprising, because there are so many different activities to do—planning and strategizing, marketing and list-building, selling and enrolling, launching programs, creating new content, delegating to and managing a team, dealing with technology issues, and so much more.

The problem is when women entrepreneurs aren’t focused doing the right activities that will move their business forward, their income suffers, and overwhelm kicks in.

The first step and solution to overcoming this problem is to get a solid foundation in place.  You want to create a solid business, marketing, and list-building plan, and create systems for time management.

In this first part of a 4-part series, I’m going to share with you some of the most effective ideas you can apply to your business today to get a handle on and leverage your time, so you grow your business and income.

1. Create a 12-month master business plan.

You’re probably thinking, “This article is about time, why is she writing about creating a business plan?”

The reason is because you won’t know how to invest your time in your business until you know what you want to accomplish.  When you create a 12-month business plan, you’re creating a road map to follow.  This map will help guide you, and help you focus and prioritize on what activities to do.

For example, when you create your business plan, you will decide what programs you are going to offer and launch.  Knowing this then drives what marketing activities you must do to promote your offer and generate the income your desire.

You will also decide what list-building activities to do and calendar them.  All this helps you to focus on doing activities to move your business forward, so you get the results you want.

Action Step: To begin, choose six programs you want to promote and launch this year.  Choose which months you will market them. 

Then, set a goal for how many people you want in each program, and how much you’re going to charge.  This is intentionally planning your cash flow, and not running your business by the seat of your skirt!

2. Prioritize your daily activities.

Now that you have your business plan, or at a minimum an idea of your next offer, write down all the activities you must do to launch that program.  Then, write down all the other activities you must do to grow your business.

Now that you have this list, put a *star* or circle the top five activities that will have the greatest impact to move your business forward the fastest, and are “closest to the cash.”

See how easy prioritizing what you must do to create income is?!

3. Create an Idea Journal.

Us women entrepreneurs have so many creative ideas!  And, this is a wonderful thing.   But, if we record all of our beautiful ideas on our To Do list, then these ideas morph into activities we think we must take action on right away.  This contributes to feeling overwhelmed, and like a failure because we can’t seem to implement.

Instead of putting your ideas on your To Do list, I suggest doing this:

Look at your ideas and compare them to your business plan.  Do they fit in to your current plan?  Are they aligned with what you want to accomplish this year?  If so, decide if you have room in your calendar to implement this year, and put a date to the activity.  (It’s okay to move this idea to next year!)

If the idea is not aligned with your current plans, but you still want to explore it in the future, put in an a separate Idea Journal.  Your Idea Journal is separate from your To Do list.  Doing this helps to keep your To Do list “clean” and focused on current business and income-generating priorities.

When you create a 12-month business plan, and then prioritize activities that support your plan and are “closest to the cash”, your income will grow with more ease and less struggle.

How is my client feeling today?  After implementing these simple, yet powerful business plan and time management strategies, she is feeling calm, confident, a lot less overwhelmed, and she’s not working too may Saturdays any more.  And, most importantly, she is filling her programs and creating more income.

(Watch for Part 2 in this series next week.)

I’d love to know which one of these planning and time tips resonates the most with you.  Please share your comments with me below.

Do you want my personal guidance how to to create your income-generating 12-month Master Business Plan in as little as 1 day?  Then come on over and check out the 5-part teleclass series, Illuminate the Path to Profits: 2013 Business Planning Secrets. If planning has been a struggle for you, this program can help.  Check it out here: Illuminate the Path to Profits: 2013 Business Planning Secrets.

Did you know that over 90% of entrepreneurs don’t have a master business plan for how they’re going to create cash flow and grow their business?  Not having a business plan is like going on a year-long road trip without a map.  It wouldn’t take long to get into unfamiliar territory, lose your sense of direction, and begin to wander aimlessly about, wondering if the road you are on will get you to where you want to go. 

The same thing happens when you don’t have a thought-out business plan.  You become reactive and run your business by the seat of your pants, rather than being proactive, with purposeful action to help you move closer toward achieving your vision and goals.

But, what I’ve found to be true by working with thousands of entrepreneurs is most have a tendency to over-complicate the business planning process.  Then, overwhelm kicks in, they get emotionally bogged down, and they never complete their plan.  The result is they embark on another year where their business doesn’t come close to meeting their goals—once again.

To help you, following is a simplified and powerful approach to help you plan your “Big Picture” 2013 business plan!

Step 1. Set a BOLD Money Goal

Planning for success begins by setting a compelling money goal for yourself that will pull you forward out of your comfort zone, and into a new model of thinking and behaving. To begin, determine the GROSS AMOUNT of income you want to earn in 2013.

Post this number where you can see it daily.

Step 2. Mark Time off You Want in Your Calendar

This means blocking off time for holidays, vacations, service delivery, attending workshops and seminars, etc.  

Step 3. Plan “Big Pay Days”

To meet your Bold Money Goal, cash flow is queen. That’s why you want to plan for your Big Pay Days. Big Pay Days, especially if you are new in business, is going right out and attracting 1-1 Platinum coaching clients ($5,000 for 6 months). Get your first client, then second, third, etc. Big Pay Days can also take the form of a 1-day VIP Live Intensive ($1,200 to $2,500).

If you’ve been in business awhile, your Big Pay Days may look different. They may include:

• 1-Day VIP Live clients ($4,000 to $8,000)
• 1-Day VIP Virtual group ($2,000 to $5,000)
• 1-1 Private Platinum coaching clients ($6,000/6 months to $12,000+/6 months)
• Platinum group coaching program ($10,000 for 12 months)
• Training and certification programs ($10,000 for 3 months)
• Master Mind Retreat (10 people at $15,000 to $25,000 per group)
• Workshop
• Membership association 

For existing businesses (and as a start-up business grows), plan in your calendar to have 2 or 3 high-end offers per year to generate Big Pay Days.  Calculate the number of people you will serve for each high-end offer, and calculate projected income.

Step 4. Plan Smaller Projects

These smaller projects can be teleseminars, information product launches, starting a membership continuity program, and small workshops.  These projects can also be “feeder” programs for your Big Pay Days, such as a teleseminar series.

Calculate the number of people you will serve for each smaller offer, and calculate projected income.

CHECK: Does this number add up to your BOLD Money Goal. If so, you are on track. If it is fewer dollars than your goal, readjust your numbers (investment amount, people to serve, or both).

By now, you know—

1. Your BOLD Money Goal (sales/revenue you will create)

2. What major High-End projects you will offer

3. Smaller projects you will offer

4. How many people you will serve

5. Your marketing calendar and activities

Step 5. Do Time-Blocking for the Month

For my personal schedule, I prefer the 1st and 3rd weeks to be my busy weeks of the month. During these weeks, I lead my coaching calls, Inner Secrets Training calls, and Personal Retreats.

The 2nd week of the month is lighter, not as busy. The 4th week is very light, where I plan more time off. This is also my creative time. 

Step 6. Create Your Marketing Launch Calendar

Because you want to plan your High Pay Days, first, you want to get these planned on your marketing calendar, first!

Plan the launch date of your high-end offers, and then back up from there to when you need to begin to market. Decide on the methods you will use to market (email, speaking, creating videos, teleseminar series, workshop, etc)

For high-end offers, plan on 4 to 6 weeks of marketing time.  Seeding, where you “drop hints” about an offer, happens 4 weeks to 6 weeks prior to active marketing of the program. You can see now why you need to get these offers plotted on your calendar!

“To achieve your goals you must create a business plan that awakens your vision, increases clarity about what to offer to create consistent cash flow.”

Creating a ‘Big Picture’ business plan is one of the first steps to creating a Master Business Plan for how you plan to grow your business, so it creates cash flow and meets your income goals.  Take this step, and the “how” about actions you must take will become clearer.

“If you’re tired of drifting about with no real planned direction…being reactive day-to-day in your business instead of focused and intentional…and letting your sales and income up to chance, then I know you’ll want to join me for an *all-new* FREE training event, “How to Create a ’13 Master Plan that Awakens Your Vision, Increases Clarity about What to Offer & Creates Consistent Sales, Profits & Confidence!”  Reserve your seat here!

Have you ever noticed that when you decide you want to make money in your business, your mind seems to get all tangled up into questioning how you’re going to make it happen, because there are so many different ways you can create sales and cash flow?

It can be very confusing knowing what to offer. Should you offer a low-cost teleseminar series, create a home study course, or form a small group or high-end group program—and should it be short or long term program?

Or, would it be best to fill some VIP Days and get some Private Platinum clients? So many choices. But, which one will lead to the best results and generate money and income?

I used to struggle with this question before I invested in proper mentoring; before I had someone to guide me about how to make money the fastest way in my business, and what type of offers to launch, I’d decide to offer one thing, and then change my mind a week later and start to create a new offer. This indecision was a huge waste of time, energy, and confidence!

Being indecisive makes it extremely difficult to make progress toward your income goals.

Now, I have a filter I use to help me decide how I am going to make money in my business, and what type of programs to offer.

Here is a checklist of questions to ask yourself when deciding what type of program to offer to create money and income in your business.

1. Do you have an income goal for the next 12 months? 60 Days? 30 Days?

If not, determine your income goals before going to #2.

2. Do you have space for new clients?

If not, decide how many clients you need to have a “full” practice.

3. Do you have people you can follow-up with?

If so, invite them into a Discovery Session and offer them a VIP Day or Private Platinum program.

4. Do you have any products or programs laying around that you can host a quick sale and generate income?

If “yes,” then schedule a promotion in your marketing calendar!

5. Do you have enough leads (prospective clients)?

If not, schedule a free teleseminar or 1-day workshop and invite people to participate. Then, make an offer for a Discovery Session, which leads to a VIP Day or Private Platinum.

You can see that is you extract the gems from this list; some of the fastest way to generate money and income in your business is by offering VIP Days or getting Private Platinum clients.  You can also “dust off” a home study kit you’ve already created that’s just waiting to be offered to your list and generate cash for you!

There are many more ways to create income in your business that are fast, and easy to implement.  You just have to get creative and think to yourself, “What tasks can I do or what  programs can I launch that are closest to the cash in my business?” 

To help you stir up your creative ideas, here is a complimentary checklist I created for you, that you can download: 50+ Ways to Make Money in Your Business.

The best way to MAKE money is to simplify HOW you make money.

Be mindful not to over-complicate how you’re going to make money in your business. I broke through the 6-figure mark in my business while working~ 15 hours per week,  while having a full-time job at the same time! Another key to my achieving this milestone was making sure my fees reflected my worth, and working with high-end clients.

Get your money machine working for you by simplifying your offers, getting the cash flowing, and then working with a mentor to get your business to the next level! 

I’ve just opened 3 spots  for private clients.  If you’d like to mentor with me to get your business generating a 6-figures income in the fastest, most efficient way, I’d love to share my secrets with you, that’ve helped me reach 6-figures while working 15 hours per week.  There is a method—and lots of tools I’ve created that are available that no one else offers!  Private mentoring with me is extremely limited.  To inquire email me today. 

Me: You were right.  I finally’ got it’ today… (to hubby on the phone after the first day of Kendall’s Secret Energy of Money Workshop)

Him: About what?

Me: I’m done with playing small.  It became really clear to me today what I must do to grow my business.  I thought I had everything handled.  I now admit it could be better…and you were right.  I’m so done with not running my business the way I know I can.  No more…

…and on (and on…) the conversation went. Here are two of the main mindset shifts in my thinking I’ve made from my experience at the workshop.

1. I’m not a connector…

That may surprise you, if you know me at all. I love people, my clients, and I strive to treat everyone well when they are part of my world.  I crave being surrounded by like-minded people…

And, admittedly, it also seems a bit harder for me (than it seems to me for others) to come out of my shell when meeting new people, and creating relationships that will grow my business. Case-in-point: All joint venture partners have contacted me to become part of their events.  Another point: I don’t like attending networking events. 

It became very clear to me how much of an individual I am at this event – in a good way.  Meaning, I have incredible strengths that serve me well in my business, and that’s where I must focus my time and energy. 

The ‘relationship stuff’ is really something I must hand over to someone else to tap into the massive amount of unrealized potential in my business.   

Mindset shift: It’s time to release control to grow my business.

Action: Hire a warm, cuddly person to nurture the relationships I’ve established, to strengthen them, manage customer relations, joint venture partnerships, affiliates, vendors, etc.  Growing my business is dependent on my getting this type of help.

(Can you feel the weight lift off my shoulders?)

2. I am ready to step into a higher realm of the Possibility Paradigm…

The dollars we make in our businesses mirrors our current Possibility Paradigm.  The Possibility Paradigm is looking at your business in a way that acknowledges the potential to grow, and adopting a set of beliefs to support you in this growth. 

To shift into a new Possibility Paradigm, a woman entrepreneur must be aware of six things.  If she is unaware of these things, she will remain stuck and struggling in the present space she’s created.

1) Your spirit

Why you are passionate, why you “do what you do.”

2) Who you think you are

What do you believe about yourself?  Are your beliefs supporting or hurting your growth?

3) What you believe is true

What do you believe is possible for you to achieve in your business?  Do you have evidence to support a higher realm of possibility? (if not, go seek it out, because it is there.)

4) What decisions you make

You will always make decisions from the place of what you believe is possible for you.  Making decisions from a place of focusing where you want to be will pull you forward into the higher possibility realm.

5) What actions you take

The actions you take are based on the decisions you made.  They are either empowering or disempowering you.

6) Your environment

This means having an office space that is organized, uncluttered, clean, your technology works, and is spiritually supporting.  It means being in relationships with people that believe in you, and what you can achieve, rather than being with people who pull you down.  It means being surrounded by like-minded people who share the same beliefs and Possibility Paradigm.  And, finally, getting a mentor to powerfully support and guide you.

Mindset shift: I admit I can’t do it all, and must make the decisions and take actions that support my Possibility Paradigm.

Action: Reset my business goals (increase them!) and hire people to help me achieve them.

So what does all this mean?  For me, it means the vision I have for my business isn’t too small.  But, I’ve been making decisions, based upon my need to control, that have kept it smaller than I want. 

It means there’s an opportunity for me to make a much bigger impact if I get the help I need.

It means I’ll be making bigger and better decisions about ‘what to do next’ going forward.

It means I’m done playing small. What about you?

Many women entrepreneurs I mentor state they have trouble “finding clients who will pay.”  It seems everyone has in their world people who “don’t have any money.”

If you limit your perspective to “no one has money,” then you’re most likely limiting your potential income generating opportunities.  There are PLENTY of people who have money, and are willing to invest in their personal and business growth.  You just have to look at the people in your world in a different way, and look in places you may not have thought about before.

When it comes to getting clients there are always income opportunities right in front of you.  You can begin by asking, “Who needs my help?”  To get you started,here are two ways to quickly get in front of high-paying clients.

1. Identify Hidden Income Opportunities

Think of…

• current clients and what help they need – make them an offer to invest in a VIP Day as an up-sell to their current program (no need to wait until they are finished with their current program)
• past clients and think about what they still need help with – inquire if they are interested in a specific program you put together
• who is already in your world, even if they aren’t your ideal clients, and how you can help—make an offer (example: most women at Chambers of Commerce meetings are not my ideal clients.  Yet, I can create an offer that would serve many of them, such as ‘how to find a lucrative niche’)
• ‘freshen up’ an older program and offer it again, re-title it, update it
• have a sale (products, only, not your high-end services)
• speak with ‘influencers’ and request they put you in touch with potential clients
• who is already serving your ideal client and form a joint venture collaboration

Set an income goal, which includes a specific amount of money you want to make, price your program, and then figure out how many people you need to meet your goal.  Write out
your action plan and implement it!

2. Speaking (Live or Virtual)

One of the fastest ways to get high-paying clients is through speaking, either live or virtually, such as in a teleseminar (yours or someone else’s).

Potential clients ‘see you in action,’ and get a good sense of your energy and style.  If you deliver a compelling topic they’ll want more, and likely take the “next step”  with you.  Without fail, every time I speak I get ‘invested” new clients.

To be successful using this strategy you’ll need a ‘speaking system,’ which includes a:

• compelling signature talk
• system to get speaking gigs
• system for getting people on your teleseminars
• “next step,” such as a strategy session to get into conversations with potential clients
• follow-up system to get strategy sessions booked after your speaking gigs

Using these strategies, you’ll be able to find opportunities to quickly get in front of high-paying clients, and be on your way creating 5-figure months over and over again!

Would you like me to personally walk you through my system how to attract high-paying clients and create a 5-figure month at your whim?  A small exclusive group of women will be part of my 6-Figure Empowered Woman Leadership Platinum Master Mind.  We start in January, and the investment is very affordable.  Get all the details by contacting me and noting you want to learn about ‘Empowered Master Mind.’

Are you a woman entrepreneur investing a lot of time in your business, yet, feel you earn too little money for this effort? 

If so, you’re not alone.  To get your income to the break through 6 figures—where you’re consistently earning 5 figures of income per month— all you need to do is make a few simple changes.

1. Raise Your Fees

There are three ways you can make more money in your business:

1)      Serve more people

2)      Increase the number of buying transactions per person

3)      Raise your fees

The fastest way to increase your income is to raise your fees.

How much can you raise them?  I advise my clients to initially raise their fees 20% to 40% immediately.  How much you raise them depends on your current fees, as well as your own comfort level.

Here’s a great tip: if you raise your fees 20% right now, no one will probably notice, and you’ve just given yourself a 20% raise!

2. Package Your Services into High-Value “Platinum Style” Programs

There are still many women coaches and consultants selling their time ‘by the hour.’

Granted, some services are commonly sold this way.  However, from my experience, there is an opportunity to sell your services as a high value package 80% of the time.  This moves you away from charging by the hour, and increases your fees and income.

3. Design a New High Income Business Model

I promised you 5 ways to make 5 figures every month.

Here are 5 examples of business models you can use to earn 5 figures (or more), getting you to the 6 figure yearly income mark  (while making more money per hour and working less time)

1) Get 5 new VIP Day clients @ $2,000 each

2) Host a VIP Day Workshop and enroll 10 clients @ $1,000 each

2) Get 2 new 6-Month Private Platinum Clients @ $5,000 each

3) Get 1 new 12-Month Private Platinum Client @ $10,000 each

4) Get 2 90-Day Private Platinum Clients @ $2,500 and 1 6-Month Private Platinum Client @ $5,000 each

These are examples of business models that are perfect if you are just starting out offering high-end programs.  The fees are also extremely doable!  Very quickly, you will want to raise your fees from the guidelines I’ve given you.

As your business grows you can leverage your offers, help more people, and increase your income even higher.

Which is your favorite model?

Choose one and implement it today to begin earning 5 figures in your business each and every month!

It would be a rare bird-of-a-solo entrepreneur, indeed, who’d say they’re not interested in growing their income, and the profits in their business. 

So many solo entrepreneurs dream of building a thriving business.  However, ask them how they’re going to do it, and they hesitate because they really don’t know what it takes to build a 6-Figure+ business.  The reason is because they don’t have this specific experience or knowledge.

And… this is where the cracks in the “6-Figure Business Dream” appear.

That’s why in this week’s article, I decided to share with you a list of required components you need to create a successful business.  In no way is this list exhaustive.  It will get you started evaluating cracks in your business’ veneer, and identify areas you need to give attention to fix, and get help with.

Building Blocks of a 6-Figure+ Business

I created a mind map last Saturday (I’m kind of a geek, I LOVE charts and tools), where I brainstormed the building blocks needed to create a successful business, specifically a high-income 6-figure+ business.

In this mind map, I came up with over 150 different specific skills, knowledge, and activities a solo entrepreneur needs to “know and do.”  It’s no wonder solo entrepreneurs become overwhelmed!  This breaks my heart wide open, because only about 15% of solo entrepreneurs get the help they need from experienced mentors and coaches, whom they can model to achieve success.

I can’t share with you my entire mind map, because it’s part of a new signature system I am creating, my Millionaire Entrepreneur’s Business and Marketing Mastery Path.  But, I will share with you the broad categories.  Review them, and see where your business may have “cracks in its veneer:”

• Lucrative and authentic-to-you market niche (focus marketing efforts, market less, sell more)
• Client-attractive signature system (step-by-step system to solve problem)
• Authentic personal brand (archetype, story, design, external and internal, essence)
• Profitable business model (activities you do to make money)
• Multiple packages and programs that solve an urgent problem (offerings at various price points)
• Leveraged strategies (multiple ways to deliver content; 1-to-many marketing)
• Profitable high-end offers (less work, make more money, create more impact)
• Value-driven pricing strategy (profitable, charge the value of what you’re worth)
• Mastery in—a) how to make money, and— b) keep more of the money you make
• Purposeful cash flow planning and marketing of programs (to meet income goals)
• Successfully overcoming fears, doubts, limiting beliefs
• Authentic sales enrollment conversations (client makes a decision to work with you)
• Juicy vision, bold goals, objectives, action plans (dream it, implement it)
• Passion (the juice that gets you up in the morning)
• Regular high-value content e-newsletter (follow- up and sales tool)
• Profitable teleseminars that—a) sell, and— b) teach fabulous content
• Skilled to speak, network, build joint venture partnerships to generate leads
• Smooth selling from the stage (lead generation and sales skills)
• Relationship-building workshops and master mind retreats (leading is a valuable skill)
• Online marketing strategies and tactics (lead generating website, back-end business tools)
• Offline marketing strategies and tactics
• Emotional copywriting (for website, sales letters, articles, etc.)
• Courageous coaching skills (challenge clients to achieve more)
• Ethical persuasion through credibility
• Spotlight yourself by building celebrity (get known)
• Communications strategy (Big Idea, 30-Second, problem you solve for who)
• Valuable content (organize what you know into a saleable format)
• Time management (focus on revenue-generating and activities you enjoy and are good at)
• Profitable marketing launch sequence (online and offline)

If you look at this list, you will quickly realize that all these elements represent multiples of systems you must create to build your business.  Working with a successful mentor means they’ve already created the systems YOU need.  That’s why working with someone who already has this figured out is sooooo valuable.

My coach’s request of you this week is to review the list of business-building components, and choose one you will focus on improving.  Make a 30-day goal and action plan.  This plan will detail out how you will improve this area of your business.

You can get help by researching online, buying a book or other content, attending a workshop, taking a class, or seeking 1-on-1 help with a mentor.  Persistent and daily forward movement will ensure you achieve your goals, and dreams.

I am growing my business, and have opened up 5 spots to mentor with me.  I specialize in the artistry of 6-Figure business and marketing development systems, and mentor women entrepreneurs who struggle to get new clients and grow their income, how to transform the dream of their business into a financially rich 6-figure+ business, so they increase their income, and create financial security in their lives.  To qualify for a FREE 30-minute coaching session or to apply to one of my programs, please contact me at http://bonitarichter.com/contact/.