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Debbie Mayo-Smith international inspirational motivational how-to speaker technology, time management, improving business performance
Motivational Speakers, Sales, Marketing, Time Management, Productivity, Technology, Tips

Life Balance And Managing A Satisfying Business

This Motivational message is copyright. You might use it for your newsletter, website or as an article. It can be reproduced - but in its entirety and with inclusion of Debbie Mayo-Smith as the author and the weblink www.successis.co.nz

Life Balance And Managing A Satisfying Business

Many of our listeners will have a home based or a small business. Or have friends, family or acquaintances involved in one.

When you're involved in your own business, it's often hard to maintain balance. Especially if you try to do everything yourself. You can become overwhelmed with the volume of work plus all the different hats you wear.
Marketer.
Accountant.
Bookkeeper.
Also you can't really divorce yourself from the responsibilities of being a parent.
Of running a home.
Of being a partner to someone.

So to make your business more manageable and satisfying, I suggest that our listeners this week examine their 3 P's and tell your friends about this concept.

3 P's:
Passion
Pleasure
Profit

If you run your own business, are you involved in creating a product, doing a service that you're passionate about? This will give you the get up and go and joy of doing it everyday. Let's assume you are doing something you are passionate about.

The next two steps are critical strategies.

Examine your business income producing activities:
Are you a consultant?
Do you create and sell something?
Are you a craftsperson?
Are you in professional services?

List all the services you provide, the things you make. The products you sell.

Then narrow the list to the activities you like. The ones that give you pleasure doing. For that is a reward in itself.

From these pleasurable income producing activities, narrow the list again to the ones that are the most profitable. These should be the new focal point of your business

Simon this is so very important.
Don't spin your wheels doing the wrong things.

In most circumstances it takes the same amount of time and energy
To create
To market.
To find a client
For that cheap service you don't enjoy
As it does for your more expensive one that you enjoy doing.

I know this works from experience.

Quite frankly when I started my business 7 years ago, it was a marketing consultancy. I did newsletters, copywriting, brochures, consulting by the hour.

It took a lot of work to get each new client. I couldn't afford to hire someone to help, as it would have siphoned off most of the income I was earning.

One day I sat down. I listed at all my business activities. I crossed off the ones I didn't like. Next I crossed off the ones that didn't bring in the buck. I added on the pleasurable and profitable activites I wanted to do but wasn't yet.

From that day on I focused my marketing and business development on that select list.

This piggy backs Simon on what we discussed two weeks ago - the Power of positive thinking and achieving a goal.

By the way, this weeks motivational message as well as the last and all future ones can be downloaded from my website www.debbiespeaks.co.nz

In summary
Focus your business on doing something you're passionate about.

Examine your income producing activities. First narrow the list to the ones which give you the most pleasure doing. Next narrow your list to the most profitable activities.

Focus your marketing and business development on your most profitable activity.

 


This article is copyright to Debbie Mayo-Smith & SuccessIS. You may use it for your newsletter, website or as an article. It can be reproduced - but in its entirety and with inclusion of Debbie Mayo-Smith as the author and the weblink www.successis.co.nz


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