Checking off an item on your to-do list might be one of the most gratifying feelings in the world. Crossing a task off the list—no matter how big or small—makes you feel like you've had a productive day.
Have you ever considered creating an extended version of your to-do list as a way to organize and pursue loftier goals? For example, many of us dream of starting our own business, but the idea of starting something from scratch can be overwhelming. Stop pushing your dreams to the side. Instead, use a to-do-style philosophy to set achievable milestones every day that bring you closer to creating a business.
There is a Japanese philosophy called Kaizen that essentially assigns a number to a daily to-do list. Specifically, Kaizen suggests all you need to do is make a one percent improvement every day to make meaningful strides toward your goals.
If you want to start a new business, what are you doing one percent differently today to make it happen?
Credit repair business millionaire Deunka Alston spoke at the 2019 Credit Repair Expo, telling her story of working hard every day to get closer to her goals.
By following this one percent concept, in just about three months, you’ll have made a 100 percent improvement toward your vision.
How can you apply Kaizen to help you reach your goal of starting a credit repair business? Let’s dive in to see where you can channel your one percent effort each day.
Learn Something New Every Day
No matter where you are in your process of starting or growing a credit repair business, there is always something new to learn about the industry. Continuing your credit repair education is a great way to reach your daily one percent improvement milestone.
If you’re early in the stages of starting your credit repair business, try blocking out a chunk of time for a free, online credit repair course one day to learn the basics of the industry.
If you’ve already established your credit repair business, but you’re looking to expand your expertise, you can:
- Refresh your skills with advanced credit repair training
- Read books about business development strategies
- Attend live events to hear from industry experts
- Find a mentor
By deepening your understanding of the industry, there is no client you can’t help. You’ll understand the loopholes of the industry and will learn best practices—even as they evolve. Learning how to use advanced dispute tactics empowers you to help improve your client’s credit scores, each and every time.
Uncover New Ways to Expand Your Business
Millionaire Club member Jose Rodriguez at the 2019 Credit Repair Expo. (Photo/ Nichole Bensel)
Learning new ways to expand your business and developing strategies to acquire new credit repair leads is vital for any business owner.
If you’ve never marketed a business before, apply your one percent improvement energy toward setting up social media accounts for your new business. Once you’re up and running, you can slowly build your social media content each day to help broadcast your company’s mission, which can help generate new credit repair leads.
If you’re ready for advanced marketing tactics, you might refocus your one percent energy in marketing toward obtaining affiliates.
During the 2019 Credit Repair Expo, Jose Rodriguez discussed how credit repair business owners can link up with affiliates. Jose has worked to make friends with CPAs and tax preparers who often have clients that need help improving their credit scores. He’s also focused on partnering with mortgage officers, real estate agents, and car dealerships so he can help qualify more leads to simultaneously improve business for his affiliates.
No matter where you are in your marketing strategy, every bit of effort adds up to create a broader pool of leads for your credit repair business. Before you know it, you’ll be swimming in credit repair leads.
Expand Your Product List
If you’re looking for a new way to make a one percent improvement in your business, consider rethinking your product list. If you’ve helped clients combat credit bureaus and take back control over their finances, you’ve likely developed a great relationship with them.
These authentic relationships can make it hard to say goodbye to clients that you’ve gotten close with. For that reason, many credit repair businesses find new ways to continue to help and improve the lives of their clients.
To extend client relationships and continue to serve the people you care about, Ty Crandall, Business Credit Expert, told the audience at the 2019 Credit Repair Expo, to tack on business credit repair services to their product list. Ty thinks that about 20-25 percent of your credit repair clients are business owners, or want to be business owners.
If your business has relied solely on repairing consumer credit until now, diversifying your products can help you expand. Doing so enables you to find new ways to work with your already satisfied clients.
- To get started, apply the one percent rule to researching the differences between helping consumers vs. business clients.
- Then, poll your existing client list. Learn which clients are business owners, and pinpoint the leads that you might be able to continue to work with in a new capacity.
- Finally, officially start offering a new product that can benefit your clients even more!
Building a Winning Sales Team
Once you're generating enough revenue, start learning new techniques to grow your business. Building a sales team is a great way to remove some of the day-to-day burdens from your shoulders.
The most essential thing to remember as you build your staff is to be slow and incremental with your approach to finding a team, which blends perfectly with the one percent philosophy.
Credit heroes start their businesses with a mission in mind: to help others overcome their financial despair. This mission is the guiding principle that will keep you both passionate and successful in your professional endeavors. To ensure continuity between all of your new hires, it’s critical they share the same goals as you.
The right fit is better than a fast fit.
To select candidates who share your vision, take small steps each day.
- Start by looking within your network. Are any of the clients you’ve helped good candidates to join your team? Someone who has gone through hardships may be more personally invested in the cause.
- Then, slightly broaden your search by reaching out to trusted connections and mentors.
- Expand your search even more by posting your job opportunities to communities on social networks, then on more generic job boards.
By starting small and branching out, you’ll make small strides to grow your business every day, while still connecting with the most qualified leads.
Each of these steps is pushing you closer toward starting a credit repair business, growing a credit repair business, and finding unmatched success with your credit repair business.
By committing to taking small steps each day, we’re confident your photo will be posted to The Millionaires Club page in no time.