Are You Financially Responsible With Your Business?
Are You Financially Responsible With Your Business?
Today, I'll focus on ways that you can evaluate and adjust how to spend your time so that you can positively impact your bottom line.
What are your strengths & what are your weaknesses?
When working in your business, there are a number of activities that we need to do. Some we are fully suite for, others we are not. Try this exercise. I have listed various areas to consider. Take the time to list these out. Now, I'm not expecting you to take hours to do this. I'm looking for your gut reaction. Ten minutes max.
* What things do you do naturally that take little effort?
* What things do you not do well?
* What activities do you find you procrastinate
Even if you know how or are good at it when you do the activity, for some reason you find that you just don't do it.
* What activities do you dread to do?
I have one client that processes payroll and schedules a full day for the activity. He hates going into the office on those days and mentally shuts down on those days - thus, payroll takes even longer.
* What business activities are revenue generating?
There are activities in your business that will lead to more business and there are others that are necessary, but more operational in nature. Here, list the activities that are necessary to make money in your business.
Where are you spending your time?
Out of the listing you have made from the questions above, highlight the activities that you are doing consistently. Be realistic!
What is the cost?
As you look at the listing that you highlighted, what patterns do you see? Where are you spending your time that just does not make sense? Not sure? Use our cost calculator to determine what your decisions are costing you.
Share your findings
Tell me about where you found you spend your time that you shouldn't. I'll help you find how you can delegate the activities so that you can free up your time and enjoy your life!
Where have you delegated tasks? What worked? What didn't? Share your experiences here! I'm sure that my other readers would appreciate your insight and perspective!
Are You Financially Responsible With Your Business - To learn more about this author, visit Stephanie Calahan's Website.
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Where do you spend your time? Where you choose to spend your time directly reflects the financial outcome for your business.
Today, I'll focus on ways that you can evaluate and adjust how to spend your time so that you can positively impact your bottom line.
What are your strengths & what are your weaknesses?
When working in your business, there are a number of activities that we need to do. Some we are fully suite for, others we are not. Try this exercise. I have listed various areas to consider. Take the time to list these out. Now, I'm not expecting you to take hours to do this. I'm looking for your gut reaction. Ten minutes max.
* What things do you do naturally that take little effort?
* What things do you not do well?
* What activities do you find you procrastinate
Even if you know how or are good at it when you do the activity, for some reason you find that you just don't do it.
* What activities do you dread to do?
I have one client that processes payroll and schedules a full day for the activity. He hates going into the office on those days and mentally shuts down on those days - thus, payroll takes even longer.
* What business activities are revenue generating?
There are activities in your business that will lead to more business and there are others that are necessary, but more operational in nature. Here, list the activities that are necessary to make money in your business.
Where are you spending your time?
Out of the listing you have made from the questions above, highlight the activities that you are doing consistently. Be realistic!
What is the cost?
As you look at the listing that you highlighted, what patterns do you see? Where are you spending your time that just does not make sense? Not sure? Use our cost calculator to determine what your decisions are costing you.
Share your findings
Tell me about where you found you spend your time that you shouldn't. I'll help you find how you can delegate the activities so that you can free up your time and enjoy your life!
Where have you delegated tasks? What worked? What didn't? Share your experiences here! I'm sure that my other readers would appreciate your insight and perspective!
Are You Financially Responsible With Your Business - To learn more about this author, visit Stephanie Calahan's Website.
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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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 |
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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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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 |
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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 |
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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 |
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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 |
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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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