How to Transform Over-Commitment, Way-Too-Busy and Mounting Debt with a Simple Strategy to Skyrocket Your Success
How to Transform Over-Commitment, Way-Too-Busy and Mounting Debt with a Simple Strategy to Skyrocket Your Success
Knowing the right opportunities to focus on.
Last week I was talking to a new client who suggested how frustrating it was to be putting so much time and energy into running his business only to find that he is barely making enough to pay his bills. I asked my new client to make a list of all of his projects and opportunities he is focused on. Five pages later, I realized what the problem was. It seemed that Bright, Shiny Object Syndrome™ was running amuck!
Let’s face it. There will never be a shortage of opportunities, great ideas and potential money makers. But how do you know what the right opportunities are so you don’t waste your time?
Last year I was coaching a man who is a brilliant idea guy. He called me up for a coaching session very excited about the radio show he decided to host. When I asked him how much time, money and energy he was planning on investing in this marketing opportunity, he said, “I don’t know yet. I just know it is a real opportunity for me.” Then I asked how it would translate into paying customers. He responded, “I don’t know yet, I just know I’ve always wanted to host a radio show.”
Bingo.
How many opportunities are you saying yes to simply because it sounds like a good idea or it seems like fun?
Are you ready to turn your over-committed, way-too-busy, laundry list of overwhelming to-do’s into a simple, power-packed strategy to skyrocket your success?
First of all, you must know what your high payoff activities are. What will really make you money? You also need to know when it will make you money. There is a difference between making immediate money. For example:
• An email campaign with a specific deadline one week from now will generate immediate cash flow.
• A teleclass in 30 to 60 days will generate cash flow in the near future.
• A new marketing strategy like hosting a radio show, doing an interview for a magazine or article submissions are longer term, and more uncertain, in terms of cash flow.
Second, if you say yes, will it align with your immediate priorities and goals? If you say yes to a joint venture partnership to create a new product and your priority is immediate cash flow, well, you probably are going to invest your immediate resources (time and money) for a long-term, undetermined payout.
Third, how reliable or proven is the opportunity? Just because it sounds fun or like a good idea or even if it works for someone else isn’t a good reason to jump on the idea. Get facts. Run the numbers for yourself. Ask other people with similar business models if it works.
If you can’t get this kind of information, you need to make a “grown up decision.” Are you willing to take a risk with your time, money and resources for an unknown payoff? No matter how good it sounds, if you are up against the wall, it’s not really the best time to experiment with unknowns. Or at least take a small chunk of your time and money and dedicate it to the riskier opportunities.
It’s kind of like gambling. If you take a risk with your whole nut and lose…well, you will have a small probability of a big payout but the chances are you will walk away empty-handed.
Running your own business means you must become willing to make better choices for your time and resources. Put this simple strategy into action and I know you will immediately see better results!
About the Coach:
Melanie Benson Strick, The Entrepreneur’s Success Coach, teaches entrepreneurs how to stop feeling overwhelmed so they can create more money, more freedom and more prestige.
If you’re ready to stop working in your business and start working on your business, go to www.virtualteambuildingsecrets.com to learn the secret to growing your company to a six and seven-figure success without employees or a 90-hour work week!
How to Transform OverCommitment WayTooBusy and Mounting Debt with a Simple Strategy to Skyrocket Your Success - To learn more about this author, visit Melanie Benson Strick's Website.
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What’s the number one difference between the hundreds of thousands of entrepreneurs barely making it and the top 10% who are wealthy, successful and living a life that they love?
Knowing the right opportunities to focus on.
Last week I was talking to a new client who suggested how frustrating it was to be putting so much time and energy into running his business only to find that he is barely making enough to pay his bills. I asked my new client to make a list of all of his projects and opportunities he is focused on. Five pages later, I realized what the problem was. It seemed that Bright, Shiny Object Syndrome™ was running amuck!
Let’s face it. There will never be a shortage of opportunities, great ideas and potential money makers. But how do you know what the right opportunities are so you don’t waste your time?
Last year I was coaching a man who is a brilliant idea guy. He called me up for a coaching session very excited about the radio show he decided to host. When I asked him how much time, money and energy he was planning on investing in this marketing opportunity, he said, “I don’t know yet. I just know it is a real opportunity for me.” Then I asked how it would translate into paying customers. He responded, “I don’t know yet, I just know I’ve always wanted to host a radio show.”
Bingo.
How many opportunities are you saying yes to simply because it sounds like a good idea or it seems like fun?
Are you ready to turn your over-committed, way-too-busy, laundry list of overwhelming to-do’s into a simple, power-packed strategy to skyrocket your success?
First of all, you must know what your high payoff activities are. What will really make you money? You also need to know when it will make you money. There is a difference between making immediate money. For example:
• An email campaign with a specific deadline one week from now will generate immediate cash flow.
• A teleclass in 30 to 60 days will generate cash flow in the near future.
• A new marketing strategy like hosting a radio show, doing an interview for a magazine or article submissions are longer term, and more uncertain, in terms of cash flow.
Second, if you say yes, will it align with your immediate priorities and goals? If you say yes to a joint venture partnership to create a new product and your priority is immediate cash flow, well, you probably are going to invest your immediate resources (time and money) for a long-term, undetermined payout.
Third, how reliable or proven is the opportunity? Just because it sounds fun or like a good idea or even if it works for someone else isn’t a good reason to jump on the idea. Get facts. Run the numbers for yourself. Ask other people with similar business models if it works.
If you can’t get this kind of information, you need to make a “grown up decision.” Are you willing to take a risk with your time, money and resources for an unknown payoff? No matter how good it sounds, if you are up against the wall, it’s not really the best time to experiment with unknowns. Or at least take a small chunk of your time and money and dedicate it to the riskier opportunities.
It’s kind of like gambling. If you take a risk with your whole nut and lose…well, you will have a small probability of a big payout but the chances are you will walk away empty-handed.
Running your own business means you must become willing to make better choices for your time and resources. Put this simple strategy into action and I know you will immediately see better results!
About the Coach:
Melanie Benson Strick, The Entrepreneur’s Success Coach, teaches entrepreneurs how to stop feeling overwhelmed so they can create more money, more freedom and more prestige.
If you’re ready to stop working in your business and start working on your business, go to www.virtualteambuildingsecrets.com to learn the secret to growing your company to a six and seven-figure success without employees or a 90-hour work week!
How to Transform OverCommitment WayTooBusy and Mounting Debt with a Simple Strategy to Skyrocket Your Success - To learn more about this author, visit Melanie Benson Strick's Website.
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Dianne CramptonDianne Crampton is an executive leadership coach, team consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. - Visit Dianne Crampton's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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