Are You A Slave To Your
If you own your own business and you're struggling with too
much responsibility and not enough free time, you need to stop and
reevaluate your approach.Too many of us get caught up in working in a business
rather than on it.
The first implies immersing yourself in the day-to-day tasks, while the second
refers to taking on the role of project manager and guiding the business onto a
Here are 7 tips for transforming yourself from a slave to your business to a
business owner whose business runs without your being there.
A saner perspective on running a small
Don't try to do everything
Yes, it's difficult in the beginning to find extra cash to hire
people, but as soon as you possibly can, hire at least one part-time
assistant to take care of the busywork, like phone calls,
correspondence, filing and so on. Your mind needs to be free to think
strategically – to look at the big picture and plan your next step –
not spend time engaged in maintenance activities that don't actually
bring in any cash.
Don't get stuck in perfectionism.
It's great when your product or service meets your own high
standards, but you don't want to spend so much time fine-tuning it that
your competition beats you to the marketplace and you end up looking
like an also-ran. Accept 'good enough' for a start. Get it out there
and then improve it as you go. Look at Microsoft's example: they
launched Windows 'flaws and all', then sold new versions and upgrades
to their existing customers as well as to new computer owners. All the
big players do this. Why shouldn't you?
Don't think you're the only one who can do
When you do hire an employee or outsource a task, don't condemn the
other person just because they don't do things 'your' way. Sure, it's
good practice to get rid of unsatisfactory performers and continue
looking for the best value for your money, but don't expect other
people to be your clones. Everyone's different, and perhaps your
employee or sub-contractor's method is better or more effective than
yours. Your aim should be to surround yourself with people who are more
talented than you. They'll make YOU look good and your business will
Don't let clients get away with not paying
People will come up with all kinds of excuses to avoid paying you.
If your business can't always operate on a cash basis, allow a maximum
of 30 days credit. Start with small amounts of product or service, and
if the client drags out the payment process, cut them off and put them
back on a cash basis. After 60 days call in a collection agency. Advise
them of your payment policies at every step so there are no unpleasant
surprises. Adopt a 'firm but fair' attitude. You're in business –
you're not a charitable institution.
Don't let your ego get taken in by a joint
You may experience get rapport with a client and, depending on the
type of service you offer, be tempted to consider a partnership or
barter agreement with them. Sometimes this is appropriate – there may
be a great opportunity just waiting to be seized – but you need to
evaluate the situation carefully. Clients will sometimes offer you a
share in the profits of their business to avoid paying you for the work
you've done or plan to do. This is more likely in an online business
where everyone seems to have joint ventures on the brain. The same goes
for bartering. These exchanges rarely work out equitably.
Don't accept a sense of struggling as the
If getting your business off the ground is hard going, or you find
yourself stuck at a certain level of income that you can't seem to
break through, perhaps it's time to step back and take a look at your
beliefs and attitudes about money. Do you think you have to work hard
for it? Do you believe you have to put in long hours if you own your
own business? Do you secretly fear that you'll never 'get ahead'? What
you think and feel dictates the kind of life you create. So don’t gloss
over this. This is just as much a part of your business success as
producing a product or service and learning how to market. Visit the
Mindset page for some strategies on changing your beliefs.
Take time out!
Yes, I know it's hard, but you must take some time away from your
business. Don't get so one-dimensional that you eat, drink, think and
breathe 'the business'. Soon you'll stop having to decline invitations
from friends because there won't be any – they'll all avoid you because
you'll be so mind-numbingly boring as you prattle on about your
business to the exclusion of any other subject. So get a life, or at
least revive the one you had before you started on your grand
When you die, you won't get any extra brownie points for working
Marketing wizard and former accountant Rich Schefren created quite a buzz
recently with this no-cost video that exposed the depressing reality of most
small business owners.
If you haven't yet seen this life-changing video, you'll find it on
GoogleVideo.com. Be warned that it's 90 minutes long, and if you're desperate
to change how you run your business, be prepared to take notes!
You'll find links to Rich's video and his no-cost downloads on the Business
This site is purely educational and we make no claims or
guarantees with regard to the information presented.
Please consult a certified NLP practitioner for
individual coaching in the use of NLP techniques. We
strongly advise consulting a financial industry
professional before embarking on a wealth creation
Set Up Your Business For
If you want to run a successful
business, whether it's predominantly online or off,
the people at Infusionsoft are a one-stop shop.
This legendary company is the go-to resource for the
world's most successful online marketers. Find out how
they can help you succeed where the majority of small
Click on this graphic to find out more:
|Need Reliable Help In Your
Freelancers can save you a bundle in
staff costs and still get the job done the way
you want it. ODesk can provide you with an
amazing range of willing workers ready to step in
and bid on your most urgent tasks.
Click on the image below to take their service for a