Creative Shop Talk Podcast Episode 178 | 3 Top Success Mindset Musts for Retail Shop Owners
With Retail Coach Wendy Batten
Running a retail business doesn’t have to be so hard, but sometimes it can be, right? You want your business to be successful, but sometimes as your business grows you face more challenges and bumps in the road. Today I’m going to share 3 must-have mindset shifts you need in order to keep growing your successful retail business. I promise today’s episode can change your retail business for the better.
Before we get started, I wanted to shout out my Retailer’s Inner Circle. The retailers in this group are doing the work, supporting each other, and growing so fast – and there is always room for more! If you need support in your retail business, join me and a community of heart centered, like-minded retailers who are working on bettering their retail businesses. Joining comes with access to countless masterclasses (some I mention in today’s episode) that you can work through at your own pace. We meet at least monthly via Zoom and our Facebook group is active pretty much daily! If you’ve been hesitant, ask yourself why? The monthly investment is low and the rewards are so high. It’s a vibrant space because of retailers like you who want to grow their businesses, make more profit, and have more time in their lives.
Together we are always working on mindset.
Successful retailers need these 3 mindsets.
What we cover on the podcast this week…
Three Mindset Shifts You Need for Success:
- Circumstances happen so you need to build your resilience muscle. We have all had bad things in our businesses: bad buys, bad reviews, a good team member leaves. How do you react when these things happen? Following the CTFAR model will help you control your thoughts, your feelings, and your reactions. I talk about the CTFAR model at length in Episode 172. It makes your resilience muscle stronger; and therefore you can show up for your team as a better leader. As your resilience muscle grows, it gets easier to be proactive when things go haywire.
- You need to understand the mechanics of your retail businesses. You need to make decisions based on your data, to know where your money is going, to know how the risks you are taking will affect your retail business etc. The numbers can be scary especially to a lot of us who run creative businesses, but it is crucial to have a grasp on them. There is a masterclass called Money Matters that you’ll have access to with your membership to the Retailer’s Inner Circle. The masterclass breaks it down for you so you can be confident when talking about money and your numbers.
- You need to be open to growing, learning, and changing. You cannot stay still in retail. Even if things are going great for you in your business right now, it likely won’t stay that way if you aren’t open to evolving and growing in some way. You don’t know what you don’t know, right? Growth can only happen when your mindset is open to what is possible for your retail business. What exciting opportunities have you said “no” to because you were nervous? Could you have made it work? Have you shot down the idea of business coaching because you didn’t think you needed it? Let’s change your mindset around change and see what magic can happen in your business!
Related podcasts we think you’d like:
Episode 172: Solve Any Problem and Get Better Results With This!
Episode 157: Best of Series: Growth Mindset with Inner Circle Member Jeff Lee
Episode 128: 5 Ways to Recreate That Disney Cash Flow Magic in Your Shop
Episode 89: Money Talk and Mindset with Profits First Coach April Stroink
About Your Host, Wendy Batten:
In case we haven’t met yet, I’m Wendy, a small business coach and founder of The Retailer’s Inner Circle, where I help other independent shop owners learn how to gain the right business skillsets to see more profits, paychecks, and joy as they navigate running their retail business.
Through online classes, business coaching programs, speaking, and a top-ranked podcast, I’ve helped hundreds of retailers around the globe reclaim their dream and see the success they want from their beautiful shops. My signature private coaching community, The Retailer’s Inner Circle, has helped retailers around the world build their retail business skill sets and confidence.
I am proud to have been featured in several major publications, including my own business column in What Women Create magazine. I have been privileged to be a guest on top-ranked podcasts and sought-after as a guest speaker and teacher for several brands, associations, and communities that are passionate about the success of independent retailers.
When I’m not coaching, you will find me either DIYing and renovating my very imperfect old crooked cottage by the sea in the UNESCO World Heritage town of Lunenburg, NS, or blogging about our travel and RVing adventures and the weird fun things we get up to in our coastal village. I’d love to invite you to check out one of my free resources for real retailers at https://wendybatten.com/free-resources/
For more support from Wendy:
All of Wendy’s programs and services for shop owners can be found HERE.
Subscribe and Review in iTunes:
Are you subscribed to my podcast? If you’re not, I’d love you to consider it. Subscribing means you won’t miss an episode! Click here to subscribe to iTunes!
If you want to be more of a rock star, I’d love it if you could leave a review over on iTunes as well. Those reviews help other retailers find my podcast and they’re also fun for me to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let me know what your favorite part of the podcast is. So grateful for you! Thank you!