Tag: home business. online marketing

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What Is Your Business’s Financial Outlook? How Can You Know?

As you are creating your business plan, the part about understanding your industry and business’ financial outlook can seem daunting. But the truth is, while the numbers are assumptions based on what you studied, if you do a good job, your projections should be pretty close. Let’s look at how you can know and document your business’s financial outlook.

 

  • Study Your Industry – Remember that killer technologies are always being invented that can impact your business and even end your business. This doesn’t mean you shouldn’t do it, but you should keep up to date so you can mitigate or change course as needed.

 

  • Study Your Competition – If you keep aware of your competition and what they’re doing every day, you’ll also see signs of issues in the industry or with your customers, especially if you’re in business by yourself and not a huge multinational corporation. If big businesses are worried about something, you should be too.

 

  • Project Your Expenses – Make a list of all the potential expenses you’ll have for your business—for example, website hosting, software updates, contractors, employees, supplies, and so forth. Before you make one cent, you’ll have a few expenses.

 

  • Project Your Income – After you know how many customers you can go after and how many you think you’ll convert over time, you can now project your income. You do that by figuring out how much they’ll buy per purchase, whether or not they’ll be repeat buyers, and how you’ll get more customers over time.

 

  • Know Your Break-Even Point – Your break-even point is when your basic expenses match your income. Knowing this is going to help you know where you can cut back in hard times.
  • Understand Your True Financial Needs – The business plan only includes how much you are going to make, how you’ll make it, and how you’ll spend it per your business, as a small business owner who wants to make a certain income, you can include that figure for your own needs.

 

  • Document the Potential Income and Expenses For 12 Months – Once you have the information, create a spreadsheet to enter the income and expenses you’ll have for your business over the next 12 months.

 

  • Use the Figures for Planning – Each of the numbers you generate can be used for future financial planning and business planning. For example, you can set up benchmarks that inform you when you add to your business. “When my net income is $5000.00 per month, I’ll hire a virtual assistant for $1000 a month.”

Know your number

  • Be Ready for The Unexpected – One thing that is always good to do with any financial projections is to have contingencies in place if your plans don’t work. For example, what will you do if there is a natural disaster? What if you can’t do business in the way you are used to? Can you change and how will you do it?

 

  • Monitor the Reality – While you’re making projections, understand that reality will happen as you grow your business. As reality happens, update your projections to account for that reality.

 

  • Update as You Know More – Update your projections any time you have new information that will make your numbers more accurate.

Use a spreadsheet to enter the figures you discover so that you can easily update it and change them based on new knowledge or assumptions. As you grow your business each year, your projections will become more and more accurate. This means the planning you do, based on those projections, will also become even more useful.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com

 

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How Will You Find Your Customers and Clients?

 

As you research your customers, you’re going to figure out where they like to hang out, what keeps them awake and worried, and more. It might help you to know some of the processes of finding your customers and clients as you move forward with creating your business plan.

 

  • Create Products and Services They Need and Want – Before you design any products or services, you need to know who it’s for, why they need it, and how they can afford to pay for it. When providing your audience what they want, it will sell itself.

 

  • Know Where Your Customers Hang Out – The reason you need to know where they like to go for fun and work is that you can then go there too. You can run ads where they are, and you can network with them and speak at their events. The more you are around your customer, the more you’ll appeal to them.

 

  • Know Where Your Customers Like to Get Information – Which magazines, publications, and shows do your customers like to find out the facts of something? Wherever they go is where you need to go as well. Again, you can pay for ads that they’ll see where they go. You can sponsor events. Speak at events and more to get to know them better.

 

  • Optimize Your Website – Learn about search engine optimization or hire someone to build your website in a professional way that helps bring people to your marketing funnel so that you can get more customers.

 

  • Be Present on Social Media – Expanding your branding by using social media platforms is important and a good boost to your website SEO. It provides backlinks and an opportunity for you to network with and get to know your customers better.

 

  • Network and Get Referrals – Online and offline spend time wherever your audience spends time. Try to stand out, so they notice you but don’t be a salesperson at the wrong time. Give them the information but do it professionally, focusing on providing value to your customers.

 

  • Partner with Complementary Business Owners – One great thing about networking and studying your competition is you will meet some fantastic people who will want to work with you. You can find Joint Venture partners even who are your competition to work together to serve the customers better.

 

  • Form Strategic Alliances – Another way to expand your reach is to join forces with others, including your competition or anyone in your industry, to raise money for a cause you all care about.

 

  • Study Your Competitors – Always study your competition so that you can learn what they’re doing right, what they’re doing wrong, and also notice the gaps in their coverage. The gaps are where you may find the sweet spot.

 

  • Advertise – Once you know who your competitors are, who your audience is, where they hang out, and understand the point of your product or service, it’s time to start investing in paid advertising. You can boost your business much faster if you set up an advertising budget.

 

Use this information in your business plan when you talk about your customers. Showing that you know who they are and how to find them is an integral part of crafting your business plan. It shows that you can get your products or services in the hands of the people who need it most, which also shows that you can earn the money you want to earn that will enable you to live your best life.

 

 

 

 

 

 

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What Type of Business Do You Really Want?

 

As you work on your business plan, one of the things you’re going to have to figure out is what type of business you really want. The type of business you start will inform many of your choices due to legalities and simply traditional practice. Whether your business is part-time, full time, a sole proprietorship, or you decide to incorporate depends on the rest of your research and your goals.

 

Determine Your Business Entity Type

 

The simplest type of business to start is a sole proprietorship, and it is the main type most people start, especially if they start the business part-time as a side hustle or while they are still working at a full-time job.

 

Before choosing your business type or entity type, you need to know what type of business you’re starting. Then you’ll need to review the legal and financial requirements for your type of business. The entity will help you by informing operations and tax advantages and implications and other legal issues surrounding your business type.

 

There are many things to think about, such as whether you’ll keep inventory on hand or whether everything is digital or not. You’ll also need to educate yourself about income taxes and sales taxes, not to mention business licenses and so forth.

 

The best thing to do is to talk to a professional such as a Certified Public Accountant (CPA), Enrolled Agent (EA), or another business professional that understands this topic and knows how to give you good advice. You can get free help from local SCORE.ORG offices and potentially via your local community college or University.

 

Determine How Many Hours You Can Put In

 

One of the other things you need to think about, mentioned above, is how much time you want to put into your business. If you want a business that allows you to have time freedom and a more balanced lifestyle, think about this before choosing your business entity or type.

 

You can still achieve your dreams even if you only have a couple of hours a day, but you have to make sure your dream is possible first. Also, this is an excellent time to discuss being realistic as you make your daily schedule. Think about how much time you have. Don’t overschedule, which can create roadblocks that don’t need to exist.

 

Know Whether You’ll Hire Employees or Use Contractors

 

The other important thing to know is whether you’ll do everything yourself or if you’re going to hire employees or contractors. One thing is clear: people who know how to delegate end up with a much better quality of life and a more successful business. The type of business you build will inform whether employees, contractors, or a combination is best. Even if you have to do it all yourself today due to lack of funding, set up your business to know when you reach a certain profit point that is when you’re going to find someone to delegate to. That way, you don’t become reliant on the income you’re producing yourself and trap yourself into a job instead of a life-affirming business.

 

There are no wrong answers when it comes to choosing the type of business you want to run. It can be part-time, full-time, more than full time – if that’s what you enjoy and what makes you happy – that’s all that counts. But don’t mistake being busy as being productive or happy.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com

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How to Analyze Your Market and Why It’s Imperative to Do It

 

One thing you will notice about your business plan development is that there are lots of parts. You’ll have to do a lot of research to get the answers that enable you to create your business plan. Analyzing your Market is one of the things that you need to do to gather the right information. If you don’t go through this process, you may make decisions based on erroneous information.

How to Identify Over the Top Goals to Make Them Reasonable

 

A market analysis answers the following questions:

 

  • Who Are Your Ideal Customers? – Depending on your business, you may have several ideal target customers. Make a list of who your customers are. Describe them and give them a name so that it’s easy to know who you’re targeting with each new offer.

 

  • What Process Does Your Ideal Customer Go Through When Shopping? – In marketing, this is called the “buying journey.” It’s basically standard depending on where they are in the marketing funnel. Understand this so that you can differentiate the content you use to target them.

 

  • How Big Is Your Target Audience? – If you don’t know how many people are out there needing your solution, how do you know you can earn enough money. Pricing depends on many factors, such as how many people you can attract plus your production cost or time available to perform the services. If there are only 100 people who need what you’re offering, can you profit?

 

  • How Much Is Your Ideal Customer Willing to Pay? – Understanding who your customer is helps you also know how to price your products or services. Knowing their budgets and what keeps them up at night is enormously helpful.

 

  • Who is Your Competition and What Are Their Strengths and Weaknesses? – Understanding who and how your competition does business is also helpful. If you don’t have customers yet, you can learn almost everything you need to know by immersing yourself in studying them.

 

To get the information, you need to make good choices for your life and your business. Don’t try to skimp market research. Not only do you need to research before starting your business, but you should also continuously research your ideal customers over time.

 

While your customers may stay the same demographics, they can change their principles and values over time. Imagine creating a commercial for DOVE soap today compared to the 1940s and 1950s. Many old ads offend people today. You don’t ever want to offend your audience, so keep studying them and your market so that your communication with them fits.

 

  • Know Why You Are Doing the Research – Before you start researching, have a reason to do it. For example, if you want to find out where your ideal customer in the awareness stage finds their information, you should search for it; don’t just look at the information randomly, have a point for your research.

 

  • Stay Up to Date on Your Industry’s Outlook – One thing some business owners forget to study is the overall industry. You need to be on the lookout for killer technologies that might end the need for your product or service or otherwise change something drastic in your business. Remember, no one is still making VHS tapes. (Those used to have movies on them.)

 

  • Focus on Finding and Identifying Exactly Who Your Ideal Customer Is – You may think you know who your customer is already. If you do, it’s because you decided who they are before you even created your product. But if you already have a service or product, you may need to work a little harder finding the customer, but it is still possible.

 

  • Study Your Competition Regularly – Don’t just study the competition one time. Join their lists, get to know them. Become members of their community. The truth is, you never know when the competition might become a wonderful colleague.

 

  • Use the Data You Discover – Don’t just do all this work for nothing. Use the information you gather. Once you’ve collected the data and analyzed it make changes based on the facts. Then do it all again. And Again.

 

There is no point doing all this work researching if you’re not going to make changes and adjustments to your ideas. Once in a blue moon, your assumptions may be right, and your research confirms it, but often assumptions can be wrong, so always match your assumptions with the metrics and data that show the truth.

 

 

 

 

 

 

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What Methods Work Best to Ensure You Make Your Goals?

As you work through developing goals for your business and your happy life, you may notice that you need to change what you’re doing now. In fact, as you move along in your business, whatever is in your business plan now might change. As you gain experience, some of the assumptions you made in the past will be thrown out for the reality of what really works and what doesn’t work per your metrics.

 

Learn How to Create SMART Goals

 

The main issue with goals is that many times excited entrepreneurs don’t set goals that will work. A goal needs to be specific, measurable, attainable, realistic, and timely. If it’s not all of these, more than likely, you will not succeed. It might seem like extra work for you to focus on the minutia to set goals. However, the proof is in the pudding.

 

Did you know that, according to SCORE.org, businesses that create well-researched business plans and then use those plans to develop each goal and the steps to reach each goal are 80 percent more likely to experience success? Because of this, SMART goal setting for your life and your business will be one of the practices that pay off for you the most.

 

Write Specific Goals

 

For a goal to be specific, it needs to spell out the result and how you’re going to do it. For example, if you want to list 100 products a week on your Poshmark and 100 on your eBay platform, you have to set it up so that it can happen. “I will list 20 products each evening from 8 to 10 PM.” Describe what constitutes done, so you know when you met the goal. Remember, if you don’t set aside the time to do it, it won’t happen.

 

Make Sure Each Goal is Measurable

 

As you noticed, the specific goal above mentions numbers. It states that you’ll list 100 products within five workdays by listing 20 products each day Monday – Friday between the hours of 8 and 10 PM. Knowing this information, you also need to set up the rest of our day to ensure you have the time to devote.

 

Work Only for Attainable Goals

 

If you want to list more products because you know that getting more listings up means that you have the opportunity to earn more money, it’s important to be realistic about the number.

 

If you don’t have the funds to buy 100 products a week, you’re not going to be able to list them. If you don’t really sit down each evening to process the products, it won’t happen. Don’t make the goal so impossible to reach that it doesn’t take into consideration the reality of your life and the goals you’ve made for the rest of your life too.

 

If you really only have 2 hours, it’s possible you will not have enough time to list 20 products, so you’ll have to lower your goal so that it’s actually attainable. Also, there may be outside influences that make your goal impossible, for example, if it’s against the terms of service or somehow against the law or other rules.

 

Ensure Your Goal is Realistic in The First Place

Outsourcing: The Key to Success for The Life Affirming Entrepreneur

Don’t make impossible goals. It’s fun to dream about being a billionaire but don’t start with that goal. Start with a goal of making enough money to maintain your current lifestyle, then add to that as you go. Also, think about other aspects of your life that might make the goal, while attainable, unrealistic for you.

 

For example, if you have a chronic illness, you may need to modify some of your goals to ensure you can meet them. The easiest way to succeed is to stop trying to do things that can’t be done and do things that can be done by studying the situation to make sure it’s real and a sensible goal to set for your situation.

 

Always Assign Yourself (and anyone who works with you) Deadlines to Make Them Time-Bound

 

No goal will ever be done on an ongoing basis to see real results if you don’t set deadlines. When you set deadlines, always take the time to understand how long it really takes. Don’t try to be faster than others. Take the time it really takes to do a good job, regardless of what it is. Some people have found success using something called Block Scheduling. This is where you state you’ll do XYZ during a particular block of time.

 

When you learn good goal setting technique, you’ll be amazed at how much better you become at succeeding. It doesn’t matter what you want to do. Using SMART goal setting techniques will make a difference.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com  

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Can You Describe Your Business?

One of the things you need to do to write a useful business plan is to describe your business. It might seem simple on the surface, but you want to be careful how you describe your business so that it is crystal clear what you do, who you do it for, how you’ll do it, and why you’re the right one to do it.

 

  • Be Specific – When you choose the wording for your business description, you want to ensure that you are as specific as possible. You must use the right terms that the audience understands best to get the information to them clearly. Hint, you may need more than one description if you have created more than one client avatar, to ensure that they truly understand.

10 Ways to Get to Know Your Audience Better

  • Describe Your Customers – Your customers are your business. For this reason, it’s imperative that you can succinctly describe who your primary ideal customer is. You need to be able to describe them as if they’re a person sitting right in front of you. Include demographics and even how they look. You can even give them a basic name. It also helps to learn your customer’s buying journey so you can describe your customer at each stage of their decision-making process.

 

  • Describe Your Products – Do the same thing about each of your products. List them all and describe who the product is for what problems it solves, and how and why it will work. Do this for all your products, whether it’s a paid product or a lead magnet. One trick is to list the features of each of your products and then connect that feature to how it benefits your ideal customer that it’s meant for.

 

  • Describe Your Services – If you have services and products or instead of products, you will want to describe each service fully. One way to do this is to focus on the result or impact that the service will have for them and their ideal customer.

 

  • Describe Your Talents as Related to Your Business – Include information about your education and expertise related to what you do in your business. If you have others involved, you’ll include their information too. You can even ask them to write their own short description, especially if they’re contractors since they likely already have that ready in their own business plan.

 

  • Describe Other Experts and Tools That Will Work With You – If you have contractors, employees, or other resources that help you do what you say you will for your ideal customers. Whether it’s people, specialized software, or something else, describe what you will use to get the job done and why they’re right for it.

 

  • Why Do You Want to Do This? – Why are you the right person to do this and to create or make these solutions? This is a great time to talk about a pivotal moment in your life that made you want to do this. What unique insight and talent set you apart from the competition?

 

The more you can make this section complete, the more you can feel proud when someone wants to know about your business. The act of creating the executive summary solidifies in your mind what it is that you do, who you do it for, why you do it, and how you do it.

 

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com

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Guess Who Is In Control of Their Life?

Life has a way of moving really fast when we are not paying attention. One day you’re walking across your High School auditorium stage accepting your high school diploma, and the next, you’re sitting at your kitchen table freaking out about the bills, your own kid’s graduation, and your parents’ move to assisted living. You may wonder who is really in charge.

If you know your Goal

But guess what, it’s you. You are in charge of your own life, and you can make choices that rock the world if you want to.

 

If you want to make a change, or start a new venture, or even improve the path you’re already on, the fact that you are the one in control is an important factor to accept. It does not mean that you haven’t had struggles, or you’re overly privileged, or even that you’re not.

 

It just means that you can make choices and take action that leads you to the lifestyle you desire or take you away from it. To help change your mindset to accept your control, let’s think about a few ideas to help you move forward.

 

  • You’re a Work in Progress – Whomever you think you are today, and whomever you want to be tomorrow, is not really finished. You can decide to be different when you learn new things about yourself and the world. Maybe you never heard of the career or business you want to start until you were 40, that doesn’t mean you can’t do it. You may not be able to, but you should research it and figure out if it’s feasible or not before you give up.

 

  • Try New Things – You cannot know for sure what you want from life if you have no idea what is out there. Most of us never travel much further than our state’s capital and rarely leave our hometown unless it’s for a job, and then we stick around there too. Even if you can’t travel, read a wide variety of books, try new things, and dip your toe into new ideas so that you can figure out what you want to do. Take some risks and let yourself be uncomfortable.

 

  • You Can Create Positive Habits – Most people think of habits as bad, but you can develop positive habits that lead to your desired results. Figure out what you want to accomplish and study what others have done before you to succeed. For example, if you want to become a baker and open a bakery, you need to learn how to bake first, which means you need to add baking to your daily routine.

 

  • You Can Learn Goal Setting – Honestly, one of the best things you can learn for yourself is goal setting. There is a specific method of goal setting that works for most situations. Look up and study SMART goal setting and then implement it in every area of your life, including your business.

 

  • Learn to Self-Reflect – Self-reflecting means that you are careful, honest about who you are, what’s happening around you in and out of your control, and how you affect what’s happening. Everything you do going forward should be judged by what you can do differently or better or even what you did right and not what others are doing, have done, or could do. All you can do is control yourself. That’s it.

 

  • Practice Makes Perfect –You don’t need to be perfect, but this is a saying that most people relate to. If you want to accomplish something, you need to keep doing it until you accomplish it. If you want to become a fantastic painter, even if you’ve never picked up a paintbrush, you can. You just have to start practicing now and keep practicing as often as possible.

 

When you fully accept that you are in control of your decision making, that means you’re in control of your life. This doesn’t mean that outside influences can’t mess up things for you, but it does mean that with good planning and thoughtful introspection, you can figure out what you want and how to get it, then take the steps to see it through.

 

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com

 

 

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Components of a Business Plan

A business plan is an important document that was traditionally designed so the business owner could apply for and receive financial help through loans, venture capital, and other investments.

Get better

 

However, the other reason for the business plan is that it will help you determine before you invest too much time and effort if your business idea is viable or not. Plus, it can be the beginning of a roadmap with daily operation tasks and activities that lead to building and growing a successful life-affirming business.

 

Executive Summary

 

This section includes the name, location, and the overall mission of your business that you want to start. You’ll want to include a full description of the product or service, how it’s situated within the market, and why yours is different. To write an excellent executive summary, you need all the information described in the other components below first. It should encapsulate everything you prove in the sections below.

 

Business Description

 

In just a few paragraphs, write an overview of your business operations and what you do. What you do, who you do it for, and why you’re different. You’ll need to research your industry and the competition, describe how the industry is right now in the current climate, and provide basic information about your business such as your name, the location, the type of structure you set up, and so forth. It should be clear to whoever needs it what you do. A good way to approach this is to describe the problem you solve for your ideal customer.

 

Market Analysis and Strategy

 

This is the section you will include your overall analysis about your industry, where you fit in, the target market, your competition, and how you will enter the market with your product or service based on what you know. Be very specific. Include the size of your audience, trending information, and info about your target customer. This is the info that you can create a customer avatar with.

 

Marketing and Sales Plan

 

This section may be one of the most important because it will define how you will do business. It will define your method for gaining customers and the like. You’ll want to discuss your product, the price of your product, the place you’ll sell it, how you’ll promote it, to whom, and mention what profit you want to achieve and how you will reach your target profit potential.

 

Competitive Analysis

 

To create this section, you’ll need to find out who your competition is, who exactly their target audience is, how they do their targeting and pricing, and marketing. You should understand how they differentiate themselves from the market so that you can find another entry point.

 

Management and Organization Description

 

In this section, you’ll want to describe and summarize your business structure, who is on your team, whether they’re employees or contractors, and so forth. This section is not actually needed unless you plan to talk to venture capitalists or seek grants. However, it is helpful for you personally to describe how your organization will work and who will do what, when, why, and how.

 

Products and Services Description

 

This area is very straight forward. Simply list and describe every product and service you will be selling. This is how you will earn money. Use all your descriptive words to describe your products and services fully. You’ll want to include cost, features (and always the benefit of that feature to your ideal customer), how you’ll distribute the product or service, and information about the target market and competition too.

Develop a Realistic Business Plan

 

Operating Plan

 

In this section, you need to be very detailed about how you’re going to run your business. What day to day tasks will be completed, and by whom, in order to be successful in this business? How much time will it take? What equipment will you use? What will change if times get hard or something happens, such as a natural disaster? Your operating plans consider possibilities so that you hopefully have a plan already in place when you need it.

 

Financial Projection and Needs

 

Not only do you need to know exactly what each part of your business costs you in terms of investment but also what it is going to earn you. This is an integral part of the plan because it will help you understand what it takes to achieve the goal you want: work-life balance and enough funds to accomplish the life you want to live.

 

Exhibits and Appendices

 

In this area, you’ll include all the documentation that goes with the summaries that you created for each section. This is the area you want to back up anything you said above with proof. Include copies of your ads, copies of your headlines, tagline, logo, and anything you use for marketing that helps support your words above.

 

It really does depend on the type of business you plan to start, whether you need to write a full business plan with the components mentioned above. If you are starting a home business, you may not need some of the financial projections that enable you to get a loan or venture capital, for example, but in general, you need at least to know what your goals are and how you’re going to reach them. When you put it in writing, it will provide a roadmap that will enable you to achieve the success you seek.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

https://flawlessfreedom.com

 

 

 

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You Really Can Design Your Life the Way You Want It

When most people grow up, they end up with about the same finances and lifestyle as the family they are raised with. Very few people do better than their parents or change that much about their lives compared with their folks.

Failure is

It’s not a bad thing, but if you want to do something different, it can seem daunting. However, you really can design your life the way you want it. It doesn’t matter who you are now or where you are from, or what situation you were born to. If you understand who is really in control of your life, (you) you can do amazing things.

 

  • Begin Where You Are – Some people are born with more resources than others due to their family or place in life. Others are born with more challenges. In the scheme of life, this only matters if you don’t believe you can improve your life based on your birth. If you believe you can, and take the steps necessary to do it based on the situation’s reality, you will be more successful. Maybe you have to work two part-time minimum wage jobs while working your side hustle to pull it off for five years – it doesn’t matter – whatever it takes to reach your goals is what’s important.

 

  • Figure Out What Your Morals, Principles, and Values Are – No one can make good choices in life about anything if they have no idea what guides them. When you know who you are deep down, you don’t need any outside forces to guide you. Try writing a mission statement for your life and your business to help set up that guide.

 

  • Summarize What You Want – Take the time to go through the eight areas of life “The Areas of Life You Need to Design for Success” that you need to design and write a summary of the ultimate end goal that you want to achieve in each of the areas. As you develop your goals, you may need to get more in-depth with each area for the goal to be well thought out with steps set up for achievement.

 

  • Set Realistic Goals – Based on what you want from life, set goals using the SMART Goal setting technique. Each of your goals must be specific, measurable, attainable, realistic, and time-bound. Instead of something like “I want to get rich and retire,” you will explain what this means. “I will have 2.5 million saved by the time I am 45 years old. I will do this by saving a specific amount each month that I earn by doing a specific thing each day.” Write it out exactly as you will do it.

 

  • Figure Out What You Have – Develop a resource list of all the resources you have as they’re related to each of your goals. For example, if one of your goals is to be fit and healthy at 80, what steps are necessary to be more likely to experience success with that goal? Probably time for self-care, money for regular health care appointments, funds for dental work, gym membership – whatever it is that you have that will help you succeed, list it. It may be a person, place, or thing that is the resource, or it may just be a skill you possess.

 

  • Figure Out What You Need – As you determine what resources you need to achieve each goal, you’re going to realize that you already have some of the resources but that you don’t have some of the others. When you identify the resources you need that you don’t have, it’s time for you to search for them either by paying for them, outsourcing, or creating them.

 

  • Create a Resource List Associated with Your Goals – Now that you know what you have and what you need, make a resource list. Define what you have, what you need, and the budget for the things you need to pay for. For example, there is a budget associated with healthcare, groceries, and the like. There is also a monetary number associated with every single thing on your resource list. And remember, time is money.

 

  • Set Your Daily Schedule for Success – Once you know what you want to do and have identified the resources to get you there, it’s time to set up your daily schedule for achieving the goals you’ve set. If you have more time available due to more resources, you’ll experience success faster, but even if you take twice as long, you will make it if you set it up and follow your plan.

 

  • Evaluate Regularly – As you age, you’re going to change. Those changes will be more than physical they will be mental, emotional, and spiritual. You cannot even imagine the type of changes you’re going to experience in the next 20 to 30 years of your life. Due to this fact, take the time to evaluate your plan regularly to ensure you’re on the right path that makes you feel happy about your life.

 

Designing a life that works for you and gives you the balance you want in terms of work-life balance requires that you first accept the truth of where you are, what you have to work with, and where you want to go. It might take you longer than someone born on third base, but you can still accomplish whatever you set your mind to if you understand what it takes to achieve the results you desire.

How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

 

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Outsourcing: The Key to Success for The Life Affirming Entrepreneur

When you set out to build your business, one thing was clear. You wanted a business that provided the income you needed while not overtaking your life. You want time to live all aspects of your life to the fullest, and you don’t want to work all the time and miss out on the joy of life. You want business success, and your success includes living a full and rich life in all ways and all aspects. In other words, you want to build a successful business while still enjoying life. The key to being able to do that is outsourcing.

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There are many reasons to outsource, but the two most important that come to mind are the ability to free up your time so you can focus on your goals and business planning and also to add key resources and skills to your offers. Well planned outsourcing can improve your efficiency, cut costs, speed up product creation, and give you time to focus on the important planning and directing that a business owner does aside from doing the actual tasks in the business.

 

Outsourcing helps your business:

 

  • Scale Up Faster – When you use strategic outsourcing, you can scale up when needed, but you can also shrink when needed without affecting your business. Outsourcing means you use a contractor that is not an employee, so you only use them when you need them, which is after you get the work.

 

  • Boost Resources – If you need a resource that you don’t have yourself, you can use other people to gain it. For example, if you realize you need to redo the coding on your website outside the basics, you can hire someone to do it and keep them on speed dial whenever you need them—no need to learn to code when you can outsource.

 

  • Free Up Your Time – As a business owner, you have a lot to do, and you need to save your talent for doing things only you can do. If someone else can do it without sacrificing quality or anyone noticing it’s not you, then you should seek to let someone else do it, so you free up your time to do what you do best or to spend time with friends, family, or doing fun things.

 

  • Improves Your Offers – The truth is someone else can probably do some things better than you. Because of that, if you outsource to the right people for the right things, you can improve your offers, thus improving your customer satisfaction exponentially.

 

To Outsource Successfully:

 

  • Define the Scope and Schedule Clearly – Before you even search for the person, define what you want them to do. It’s better to work with someone who is already an expert, so you just hand it over, but you don’t want to outsource an entire project to one person. Instead, define it and choose each step along the way.

 

  • Evaluate Contractors Carefully – Look at references, examples, and always make sure they are who they say they are. Even if you are recommended a particular person by someone else, check them out thoroughly to avoid problems.

 

  • Choose Based on Skill and Expertise Over Price – Don’t always hire people based on the least expensive price. Sometimes a lower price is indicative of inexperience, and it may take them longer. Sometimes a higher price ends up being a lower price due to time and expertise.

 

  • Start Small – Don’t outsource an entire massive important project to a new contractor at first. Instead, choose a small thing to work on to find out how well they meet deadlines and stand by their work.

 

Outsourcing is the biggest key to your freedom. Remember that anything you need to be done can be done by someone else. You really can hire experts remotely for a lot less than you think and increase the capabilities of your business fast.

 

 How To Build A Wildly Profitable Income Stream From Home Without Lies, Hype, Manipulation or Pressure…

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