4 Things Every Entrepreneur Must Do
Starting your own business, be it an online store, a consulting firm or an information based business like Ignore Limits is a step down the road less travelled.
A lot of people dream, wish and hope they could be the captain of their own ship and become self sufficient (and the reality is anyone CAN do it) however they choose not to, they convince themselves that there are too many factors working against them and they’re just not cut from the same cloth as the titans of business today.
Like I said, anyone can made the decision to become an entrepreneur and follow through with it but they must keep in mind, it’s a whole different ball-game.
Here are four things from my experience over the last 5 years as an entrepreneur that I think all new (or existing) entrepreneurs should be doing to maximize productivity, profit and their sanity…
Every Entrepreneur Must Be Selfish With Their Time
There are only so many hours in a day, and if you give them permission people will try and take as many of them as they can from you.
Asking for advice, validation, seeking help… in order to be successful as an entrepreneur you’re going to need to learn to say ‘no’.
In order to get ahead of your competition you need to put in the work, and in order to do the best work possible you need to be in a state of flow, no distractions, no bullshit – just you and the task at hand, battling it out until completion.
Now, I’m not saying you need to be rude – but keep in mind when you’re steering your own ship there’s no one there to tell you exactly what to do at every exact moment, you’re the boss now and that’s your call – make sure your time is being spent productively focusing on the things that matter with the people that matter.
Every Entrepreneur Must Outsource Certain Tasks
It took me a while to come to terms with this… outsourcing tasks?!
Why should I get someone else to design the theme for my website when I could learn how to do it myself and save money? It really seemed like a no-brainer to me.
Opportunity cost is why.
Quality of work is why.
“You can do anything but you can’t do everything!”
If you’re trying to build a big business you simply can’t do it on your own, there’s no way.
You should spend your time on the big tasks, on the tasks that hold the most impact, the decisions, the planning and research…
Not trying to figure out how to use photoshop to design a logo for your new website, not trying to edit and cut together pieces of the podcast you recorded.
Yes, outsourcing costs money, but the time this opens up to you which you would otherwise spend fumbling around trying to learn the task is more valuable to your business.
Graphic design, video editing and audio engineering all take time to learn and to do a top tier job you need a lot of experience under your belt, instead of wasting your time doing a half assed job it’s simple – pay the professionals to do it while you keep working on more important tasks that’ll produce the money (and some) that you paid the freelancer.
Every Entrepreneur Must Have A Morning Routine
Momentum is everything.
How you start your day is extremely important because of this, if you’re rolling out of bed late you’ve already been left behind, as you stumble around trying to figure out what you’re supposed to do today and whether you should do some exercise or not you’ve already lost.
Momentum will not be on your side.
If you get out of bed early in the morning with a purpose and a plan, then momentum will have you conquering every task you attempt that day.
Your morning routine can be whatever you want it to be, as long as it’s composed of relatively quick to perform positive habits.
Exercise, cold shower, read, write, do some yoga, read your goals out loud – whatever gets you in the zone and motivated to crush the tasks at hand that day.
Set a routine then stick to it each and every morning, the positive feelings of well-being and accomplishment you build via your morning routine will transfer across into the work in your business – allowing you to forge a path past those without a morning routine or plan.
Every Entrepreneur Must Have Deadlines, Milestones & Goals To Work Towards
If you don’t know what your aiming for you’re not going to be particularly productive or enthusiastic towards your business venture.
Always be working toward a goal, chances are your goal is big and audacious (it should be!) and because of the sheer perserverance and hard work it’ll take to reach this goal we’re going to break it up into smaller milestones with deadlines.
Plugging away each and every day with the goal of $1,000,0000 in revenue can be quite overwhelming, but once this is broken up into smaller, more managable milestones we’re able to see the value of the goal, the fact that it’s possible and this motivates us to get our asses to work.
Start small and work your way up, don’t set unrealistic deadlines but set deadlines that’ll require you to haul ass – there’s nothing worse than a goal that’s far too easy or has far too long of a deadline.
Parkinson’s law states that an activity will take up as much time as you allocate it, chances are you WILL be able to achieve your goals in tighter time frames if you set them.
If $1,000,000 in revenue is the goal why not start with…
$10,000 revenue in the next 3 months
$50,0000 revenue in the next 6 months
$150,000 revenue in the next year
Work your way up, next thing you know you’ll be checking off the milestones and hitting that audacious goal.