If you were to write down all of the things you do in a typical day, what might that list look like? You would probably be surprised to realize how much time you spend on tasks that do not make money for you. For example, in a typical day you might spend one hour on email, two hours on client work, one hour on invoicing and bookkeeping, one hour on the telephone, one hour on social networking and other online activities, and the other two hours…who knows where they went.
Based on that list, two hours were spent on actual paying work. The rest was administrative, overhead and wasted time. Although some of those other tasks are necessary (It doesn’t pay to do the work if you do not invoice and get paid for it.) it may be possible to have them done by someone other than you. Or you may be able to set up a more efficient system so you spend less time on those tasks.
Here is the really important part: [Read more…]
Do you like to learn new things? Most entrepreneurs have a lot of curiosity about…well, everything. And they love to learn.
Whenever you hear anyone (including yourself) complain about something, ask yourself, “What opportunity is hidden within this complaint?”
Does the state of the economy have you feeling down? Listening to negative talk can make you feel hopeless and helpless. When you believe that it won’t do any good to market because no one is buying, you have created a self- fulfilling prophecy: You think no one will buy, so you do not attempt to sell, so you do not make sales.
With more bad economic news every day, it is tempting to be like a turtle, pull yourself into your shell, and wait for things to calm down. However, as a business owner, you can not afford to do that.