Creating Steady Cash Flow | Business Cash Flow

Creating Steady Cash Flow: Top 12 Questions Business Owners Ask – Part 3

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Creating Steady Cash Flow | Business Cash FlowIn the first two blogs in this series, we’ve talked about how to take your business to the next level with growth, sales, and clients.

Today we are going to take a small step back and address the questions of how to have enough time in the day to get everything done!

Someone once said;

“Everyone on this planet is given the same 24 hours in the day. The question is: what do you choose to do with yours?”

Knowing this, and knowing that there are super successful people doing amazing things each and every day, means you can do the same! It’s all in how you use your time. You don’t hear successful people complaining about needing more time, because they have systems in place to help them out. So read on for my answers to the questions I receive about this!

5. My to-do list is ‘crazy big’, how do I get ahead of it?

My Get It Done System has a five-step process for getting control of your to-do list. To get started, put together a list of everything that you have to do. Some of these tasks may be on the papers on your desk or in your head. Put them ALL down on paper.

Now, take a look at that list. I want you to pick one task that if completed will help your business achieve its goals. Pick a single task and then write down why it’s important for you to complete it. The reason I’m asking you to do that is because you need to make sure that it’s a strategic choice rather than a ‘have to’.

Next, write down three actions that you can take to complete the task or move it forward towards completion. For seven days, take action, focus on getting it done and say no to other things that can distract you. Next week, pick another activity, rinse, repeat, do it again.

For more information on my proprietary Get It Done System and To-Do List Plan, you can go to www.SmallBizBigBreakthrough.com/getitdone.

6. I would love my business if it weren’t for all the business building activity. What can I do to make it fun?

In the first two years, most people tend to spend a lot of time figuring out the nuts and bolts of running a business versus delivering the value that made them go into business in the first place!

At this point, it’s natural to think “Wow, this is a lot of work. I’m really tired. This isn’t fun. Maybe I should go back to a proper job.”

The first thing I want you to do is realize that you have to stop trying to figure it all out by yourself. There is a ton of information available to you and there’s no way to keep ahead of it all. I call this ‘information overload.’

The second thing that I want you to do is to remember that you already have everything that you need to be successful in business.

The third thing? Look at how you are spending your time.

CEOs do the following specific things:

A. They market and sell.

B. They fulfill their products and services.

C. They create systems and teams to run the business more effectively.

So I’d like you to take a look at the things that you are working on and the things that are falling outside of the CEO parameter. What can you remove from your list entirely or perhaps delegate to someone else?

For more information to help you create and navigate your road to revenue please visit my website at www.SmallBizBigBreakthrough.com.

 

Have comments? I would love to hear them below!

Business Revenue Questions

Podcast: Top 12 Questions to Generating More Business Revenue (Part 2)

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In this super short and practical Podcast Series, Businesss Growth Strategist Kim Pisolkar, answers the Top 12 Questions People Ask when it comes to generating more business revenue and profit.

Business Revenue QuestionsListen below and discover the answers today so that you can have the fun, flexible and profitable business that you envisioned on opening day!

Have you ever thought that if you copied someone else’s methods that you would get the same results, but for some reason it didn’t work out that way? These tips are for you!

 

Want to find what it will take for you to stop firefighting against your never ending to do list so that you can have the fun, flexible and financially successful business you desire? There is a way and you can get it here!

For more information to help you create and navigate your road to revenue please contact us.

 

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Workaholic | Marriage and Work | Marriage and business

Don’t Become a Statistic! 4 Tips for Getting Control of Your Time (& Sanity)

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Workaholic | Marriage and Work | Marriage and businessMany of the entrepreneurs I know are workaholics.

Does this sound familiar?

You’re running a successful business, or maybe trying to launch a new product, and you only have yourself to be accountable. You get up in the morning and check your email while brewing your first cup of coffee. You progress to your home office and whip off a dozen emails before that first cup is down. The day progresses the same, you forget to eat breakfast, and sometimes lunch. You remember to pick up the kids only after a text or phone call. After spending a few rushed hours to feed your kids and say hello to your spouse, you fall asleep with you smart-phone / tablet / laptop in your hand. Wash, Rinse, Repeat. This is your life!

As someone who has worked from a home based office for years, the best advice I can give you is this: Just because you can keep working doesn’t mean you should. Although working nonstop can feel productive, becoming a workaholic is not good for you, your relationships, or your bottom line.

Here are four tips for taking back your time and energy:

  1. Get Healthy! By being too focused on your work and not taking breaks to eat, exercise, or even stretch during your day you are harming your body. Stop and make sure to get proper nutrition, take a walk, and stretch at least once an hour while working from home. I guarantee you’ll feel better and your body will thank you!
  2. Prioritize Your Day! Instead of jumping into email first thing in the morning, spend the first hour of your day making lists of what you need to accomplish, prioritize these and focus on the top three, once those are complete, tackle your email. Anything that doesn’t make the top three can be pushed to the next day. (For more tips on this you can sign up for my free training here)
  3. Spend Time with Your Family! Seeing your kids and spouse for short periods of time per day isn’t enough to really connect. Schedule time for family game night, family outings, or even a movie night. Make sure to turn off all electronics and don’t be tempted to pick up your phone during family time.
  4. Set Boundaries with Clients or Vendors! This is the hardest tip to put into action, but it is probably one of the more important. Set expectations with clients and vendors around response times and your availability. Just because someone emails you at 10 pm at night, you don’t have to email them back if you have set the expectation that emails will be returned within 24 or 48 hours. Stick to it no matter what. (I once had a client text me at midnight, they were travelling on the west coast, and I responded… guess what happened the next night? You got it, another midnight text! If you don’t stick to your own boundaries, they won’t mean anything in the long run).

These may seem like simple tips, but I promise you small changes will have a great impact on your life, goals and productivity. By clearing the clutter and scheduling your time wisely you’ll be able to get more done in less time, and you’ll be able to spend more time with the important people in your life.

Don’t become a statistic, don’t become a workaholic!

For these and other tips on relationships & business; please visit my recent article, Marriage and Business: 3 Ways to Prevent Your Business From Destroying Your Marriage, on the Huffington Post.

 

Image courtesy of FreeDigitalPhotos.net
Creating Steady Cash Flow | Business Cash Flow

Creating Steady Cash Flow: Top 12 Questions Business Owners Ask – Part 2

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Creating Steady Cash Flow | Business Cash FlowIn order to run a successful business, you need to create a steady flow of cash for sure.

In our first blog on this topic we discussed how to make more money and how to gain more clients, which would both increase cash flow.

The concept can sound simple but in order to do either you need to be out there networking and selling yourself or your product, which inevitably leads us to the next two questions small business owners ask.

#3 Can I hire someone to do sales with me or can I hire someone to do sales for me?

Well, it depends.

If you have 35 to 50 employees in your company, then yes you will likely hire staff that’s going to focus on sales. You will be focused on retaining your key clients and attracting large accounts or larger clients, and getting involved in the strategy of selling without actually cold calling, you can leave that up to your staff. You will be able to use your expertise to train your sales staff to sell the products in the right way.

If you are a solopreneur or a small business owner with less than ten people the answer is no. You cannot hire or outsource sales. Why? With a company of this size, you are building upon your dream or idea, but without actually being out there selling it yourself, how will you know if it is right for your demographic? Think about it as ‘market research’, by being on the front line you are going to be able to improve your idea and product many times over. It’s also your number one revenue generating activity, and as a small business owner, this should be your focus.

By being your companies champion and going through the sales process yourself, you will be able to see what objections people are having to your products and services, and learn the best ways to overcome them. Which will be amazing experience when you’ve grown to the 35-50 employees, and need to train them!

At the end of the day, even if somebody else does the selling for you, you have to tell them what to say. Now it doesn’t mean you can’t have someone book appointments for you but YOU need to close the deal.

#4 I have six figures, what do I do to take my business to the next level?

When you hit the first $100,000 you are most likely still involved in a lot of the day to day running of your business and doing most of the service delivery yourself. So to up-level, what we need to look at first is where you can leverage your team, talent and time.

Ask yourself:

A. What are the strengths of my team?

B. How can I leverage my team?

C. What resources can I bring in to take some of the daily operations out of my hand?

D. How can I delegate better?

E. What do I do best?

F. Am I leveraging my talents and strengths?

G. How am I spending my time?

H. Is the way I spend my time aligned to my ‘critical musts’?

I. What is the ROI on my time investment?

To really take it to the next level, you need to attract and retain great employees, keep key players on your team, delegate effectively and focus on looking at the business from a strategic point of view.

You can also visit my website at www.SmallBizBigBreakthrough.com, for more ideas and to learn about your CEO Success Style, and how this may be affecting your growth.

Have comments? I would love to hear them below!