Successful Women Entrepreneurs Donít Waste Time On Things That Donít Make Money
I hear so often when talking to women entrepreneurs that are getting started in theironline business that they are, “spending countless hours on their business and not making any money.”
I have to admit this has become a little of a pet peeve of mine.
If you’re going to be a successful female entrepreneur you have to stop wasting your time on things that don’t make you money.
Here is what I mean.
As soon as someone tells me they are putting in the time and not making money, I ask “how are you spending your time?”
If you are spending your precious time on things that don’t make you money, it won’t be long before you get discouraged and give up on your dream. This drives me crazy.
Truth is it’s called a hobby if you are spending your time on things that don’t make you money, or provide you some sort of return.
So if your stubbornly committed to activities that don’t make you money you aren’t running a business no matter how much time you are putting in.
Social media can be a big problem for new women entrepreneurs. With the growth of all the different social media platforms there has been a huge opportunity to get your business in front of millions of people. Women tend to be social and naturally enjoy the social media platforms.
The problem, social media has also been one of the biggest time wasters for new online entrepreneurs.
This is a trap I see new women entrepreneurs fall into.
The solution, use a timer next to the computer to keep track of how much time is being spent on your social media platforms. Social media should never take more then 5-15% of your total business time. The truth is social media feels, “safe,” for many people.
Successful women entrepreneurs are always pushing themselves into the fear zone and growing.
Social Media is not the only problem.
We have learned, to be successful female entrepreneu, we needed to keep track of how we were spending our business time and weather or not it was creating the return we needed. Sometimes it’s hard to let go of projects, marketing, blogs or ideas that are not working.
Know the value of your time.
As successful women entrepreneurs you have to be constantly aware of your time and if your effort is not producing some sort of measurable return then something has to change. You must either change how or what you’re doing or totally cut your losses and move on.
A successful female entrepreneurs, has a clear idea of what measurable results they want from a particular activity. It can be a certain amount of financial return, a growth in clientele or list size, or personal growth.
It’s essential to know what you want to get for your time, have the results be measurable and know if it’s not working then something has to change.
Your time is valuable and can never be replaced. Know how your spending it.