How to Overcome the Pressures of Running Your Own Business
 | |
|  |
Subscribe to Lorraine's articles
 |
|
The Office Organiser - The Organised Times by Lorraine Pirihi, Aust's No. 1 Productivity Coach. Lorraine is a dynamic presenter and a leading business and life coach.
|
|
 |
 | |
|
| |
 | |||||||
|
How to Overcome the Pressures of Running Your Own Business
Whoever thinks that running your own business is a breeze, obviously has never had one. There are so many areas you need to get right otherwise your business could end up disintegrating along with everything else in your life.
..... You need to be organised and disciplined, a good marketer, action-taker, a great communicator, understand finances, have systems, plenty of resilience and so much more. If any of these areas are lacking in your business then you're heading for trouble. Of course you can hire other people who have these skills and attributes so you can focus on what you're good at. Unfortunately many business owners try to 'do everything themselves' and that's why they don't achieve the goals and dreams they initially had when they went into business.
..... When John contacted me, he was at the point that he we wanted to shut down his business because he felt it was ruining his life. Although he'd invested years of blood, sweat and tears in building up what appeared to be a 'successful' air conditioning business, he had reached the end of the road.
..... He was in so much pain, he thought the only option was to get out of business. He was doing installations and maintenance work during the daytime and after work, he was up until midnight doing the paperwork. With a young family at home, he had little time to devote to them. The kids were growing up quickly and he was missing out on their childhood.
..... At work he did have 2 guys working with him to share the workload and because he was 'busy' didn't have the time to teach and train them properly. They made silly mistakes on the job and that would cost John more time and money fixing up the problems. Cashflow was a big issue because John didn't have the time to do the invoicing and follow up.
..... John suffered in many ways both physically and mentally. He had a 'bad' back, was overweight and constantly feeling rundown.
..... No wonder why...he was trying to do everything himself. He had never invested any time or money learning how to improve his business and his life...
Here's some of what we did...
1. Freed up John's time so he had weekends off and enjoyed more family time during the week. Prior to working with me every spare minute was spent working in his business.
2. Delegated the invoicing .... in John's situation he only required a bookkeeper part-time to focus on this area.
3. Set up checklists for his guys so they knew exactly what they had to do. This stopped them wasting time and also ensured when they filled in their job sheets, all time and parts used were accounted for. Using the checklists saved John 2 days a week plus thousands of dollars in materials. In the past the guys didn't write down all the parts they were using on a job and many items were missing from their job sheets.
4. Organised structured weekly meetings. Communication was a big part of John's coaching. He learned how to effectively communicate with the younger generation...what motivated them. He was then able to set up an incentive program to ensure they stayed motivated, happy in their workplace and strived to improve their performances. John learned valuable information from the expert interviews I had from The Productivity Coaching Club. He particularly benefitted from the interviews on "Managing, Motivating and Living With Generation Y" and "How to Manage and Retain Your People".
5. Had John see the appropriate people to get his health on track.
6. John has regular allocated time to work 'on' his business. Currently we're looking at how to leverage on the products/services he already has so he doesn't work harder, just smarter...and makes more money!
..... Before coaching John couldn't see the forest for the trees. He thought there was no other way but to close down his business. However there's always more than one way to get a result. It's just finding the right people who can help.
..... The truth is we live in a very confusing, complex world, where the business owner or entrepreneur is bombarded and overwhelmed. We have little or no time to pause for breathe and think. No-one can keep abreast of all they need to know anymore. The very real need for expert help multiplies by the minute.
..... For a business owner to insist on doing most of the “work” themselves, he or she is ensured of not only being grossly underpaid as a result, BUT OF UNWITTINGLY PLACING THE LID FIRMLY ON THEIR EARNING POTENTIAL TO BOOT! In most businesses there’s more money left lying on the table…
Here's the lesson
..... Don't try and do it all on your own. You won't be able to unless you want to be miserable and have no life. It is very difficult to work it out by yourself. How can you be an expert in everything? Let go of being a perfectionist. Liberate yourself and spend some money to make more money and you'll be happier, healthier and wealthier.
Lorraine Pirihi
Australia's No. 1 Productivity Coach
How to Overcome the Pressures of Running Your Own Business - To learn more about this author, visit Lorraine Pirihi's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
|||
David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
|||
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 |
|||
Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
|||
Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
|||
Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
|||
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 |
|||
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 |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
