Why Business Owners Work So Hard and Why They Shoudnt
Why Business Owners Work So Hard and Why They Shoudnt
* 65% of small business owners work more than 35 hours a week,
* Over 30% work from 51-75 hours per week, and
* 4.7% work more than 75 hours per week!
Most Business Owners Don’t Think They Have a Choice
Most business owners are well aware of the fact that they can’t take a holiday, or in many cases even a day off sick. They are very aware that in fact they ARE their business, and without them, there is no business. And they are very aware that every other area of their life is missing out, including their partners and family.
Jim Penman’s Story
Jim started out “in business” in 1982 with a second hand lawn mower and a trailer. Today he heads up an organisation that includes more than 2300 franchisees in three countries and which has become one of the largest home service franchises in the world.
While Jim chooses to have close contact with his franchisees every day, the truth is he no longer has to. Jim could walk away from that business any time he likes, with complete confidence that it will continue growing, and continue to increase in value should he choose to sell.
If Jim, a lawnmower man, could do that, anyone can! Let me explain exactly how ….
How Did He Do it?
The development of a lawnmowing run into a full-fledged business requires a series of steps that almost anyone can take:
1 Jim learned how to control the number of clients he acquired and also control his client retention rates. In other words, he became aware of the specific "recipe" for acquiring new clients and keeping them! He developed this into a fixed sequence of activities that could be used to plan and accurately predict income levels and cashflow.
2 Jim realised that in order to grow he had to replicate himself, and that to do that really well he needed excellent systems and procedures, with built-in quality feedback mechanisms.
These are the 2 steps: gaining total control over the earnings of the business, and putting in place systems to ensure truly accurate replication of your own role.
There is much more to business success than this, as you'll discover from other articles on the speedbusinessnetworking.com site, but these 2 steps are critical to solid and lasting business growth.
Wishing you the greatest success
Christine Sutherland
PS: Mark Walsh, president of VerticalNet, says that business people who avoid on-line strategies are “like dinosaurs that gather together to eat the last leaves."
Don’t be a dinosaur, take the plunge into on-line business communities and reap the benefit, not just today, but for your future!
Your Simple Steps to Easy Business Development
1 Download the free ebook “Speed Business Networking – the Manual” to understand a much more effective (and more fun) approach to utilising networking to get real results. Your business community is your key to success if only you know how to build it, not only for referrals, but for advocacy, strategic alliances, and generous sharing of expertise.
2 As well as attending your business community’s networking events (and of course we recommend you join Australia’s ORIGINAL Speed Business Networking group), and getting help to carry out your own schedule of informal networking for warm referrals, diarise at least one hour a week where you will LEARN and USE far easier, faster ways to take your business to that next level, enjoying more success than you ever dreamed possible, with far less stress than you have experienced up till now.
3 Free business development resources are available on www.betterbusiness.speedbusinessnetworking.com.
Why Business Owners Work So Hard and Why They Shoudnt - To learn more about this author, visit Christine Sutherland's Website.
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Shocking figures from the Australian Bureau of Statistics show that
* 65% of small business owners work more than 35 hours a week,
* Over 30% work from 51-75 hours per week, and
* 4.7% work more than 75 hours per week!
Most Business Owners Don’t Think They Have a Choice
Most business owners are well aware of the fact that they can’t take a holiday, or in many cases even a day off sick. They are very aware that in fact they ARE their business, and without them, there is no business. And they are very aware that every other area of their life is missing out, including their partners and family.
Jim Penman’s Story
Jim started out “in business” in 1982 with a second hand lawn mower and a trailer. Today he heads up an organisation that includes more than 2300 franchisees in three countries and which has become one of the largest home service franchises in the world.
While Jim chooses to have close contact with his franchisees every day, the truth is he no longer has to. Jim could walk away from that business any time he likes, with complete confidence that it will continue growing, and continue to increase in value should he choose to sell.
If Jim, a lawnmower man, could do that, anyone can! Let me explain exactly how ….
How Did He Do it?
The development of a lawnmowing run into a full-fledged business requires a series of steps that almost anyone can take:
1 Jim learned how to control the number of clients he acquired and also control his client retention rates. In other words, he became aware of the specific "recipe" for acquiring new clients and keeping them! He developed this into a fixed sequence of activities that could be used to plan and accurately predict income levels and cashflow.
2 Jim realised that in order to grow he had to replicate himself, and that to do that really well he needed excellent systems and procedures, with built-in quality feedback mechanisms.
These are the 2 steps: gaining total control over the earnings of the business, and putting in place systems to ensure truly accurate replication of your own role.
There is much more to business success than this, as you'll discover from other articles on the speedbusinessnetworking.com site, but these 2 steps are critical to solid and lasting business growth.
Wishing you the greatest success
Christine Sutherland
PS: Mark Walsh, president of VerticalNet, says that business people who avoid on-line strategies are “like dinosaurs that gather together to eat the last leaves."
Don’t be a dinosaur, take the plunge into on-line business communities and reap the benefit, not just today, but for your future!
Your Simple Steps to Easy Business Development
1 Download the free ebook “Speed Business Networking – the Manual” to understand a much more effective (and more fun) approach to utilising networking to get real results. Your business community is your key to success if only you know how to build it, not only for referrals, but for advocacy, strategic alliances, and generous sharing of expertise.
2 As well as attending your business community’s networking events (and of course we recommend you join Australia’s ORIGINAL Speed Business Networking group), and getting help to carry out your own schedule of informal networking for warm referrals, diarise at least one hour a week where you will LEARN and USE far easier, faster ways to take your business to that next level, enjoying more success than you ever dreamed possible, with far less stress than you have experienced up till now.
3 Free business development resources are available on www.betterbusiness.speedbusinessnetworking.com.
Why Business Owners Work So Hard and Why They Shoudnt - To learn more about this author, visit Christine Sutherland'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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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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John AlexanderJohn has taught keyword research and SEO skills to small groups of business owners and Webmasters from over 80 different countries world wide since 2002. John is also the Director of Search Engine Academy ; Co-director of Training at Search Engine Workshops offering live, SEO Workshops with his partner SEO educator Robin Nobles, author of the very first comprehensive online search engine marketing courses at SEO Training Online and the SEO Workshop Resource Center. I look forward to hearing from you! - Visit John Alexander'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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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager'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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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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