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E-Myth – “Why most small businesses don’t work & what to do about it”

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Business Coach | Scheduling Strategies for Entrepreneurs

 

There are many things that business owners need to learn right away, says business coach. When they open the doors to their business for the first time. And ideally, if they can learn this before they even open the doors to their business. That can help them succeed.

One of those things that they need to do, is create a business plan. That has not only an entrepreneurs goals. But all of their strategic priorities that they need to accomplish to reach those goals.

When they have this business plan created. Business coach says they can then go want to create a time block to schedule. That will ensure that they have time for all of the strategic priorities outlined in that business plan.

So that they not only know what they need to do every day. But that every important task will not be forgotten. And that they will know approximately how much time it will take to accomplish those tasks. So they can get each one done on time.

When business owners do this, they will often realize that they are not going to be able to work a five-day week any longer. And they are likely going to have to work more than eight hours a day as well.

By creating this schedule before they even open the doors to their business. Can mentally prepare a business owner to put in the large amount of time that it is necessary. In order to grow a successful business.

And while some business owners might worry that is going to be overwhelming to carry out this schedule on a long-term basis. Business coach argues that it is far more overwhelming to not carry the schedule.

For example, if they were trying to work five day a week schedule. And work eight hours a day. They may find that they cannot get everything accomplished that they need.

And that they are often dropping the ball, and missing important tasks. It can be far more overwhelming in the long run. Rather than simply working a longer schedule. That guarantees that they can leave work on time every day.

One mistake that many business owners make. Is thinking that they are going to be able to do tasks at the very end of their day before they go home. Such as administrative duties.

And while many business owners think that this is possible. Especially because industry duties are not hard. They will not be prepared for how much time it will take them.

Which will prevent them from achieving success. If they do not schedule these into their daily and weekly duties. On a regular basis.

Therefore, business owners need to work with their business coach to make a list of the tasks that need to get done. In addition to their billable tasks in the business.

And then create a schedule, that ensures that every important task has a time set aside for it. Doing this can help entrepreneurs get everything done that they need in order to succeed in business.

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It is very important for an entrepreneur to have the right schedule before they open the doors to their business, according to their business coach. So that they know exactly what they need to do in order to be successful in business.

According to industry Canada, the failure for entrepreneurs in Canada is extremely high. With 15% of all business owners failing in the first year of business ownership. And 30% failing within their second year alone.

Ultimately, 50% of all businesses fail within five years of starting their business. Which means business owners have a lot of information they need to learn. To help them overcome those odds.

There are also three common reasons why entrepreneurs fail. The third reason being not being able to find enough staff or keep staff in their business.

In order to address that issue, business owners need to make time to recruit new employees. Even if they are not looking for new staff at the time. So that they can meet enough people in their business.

To be more likely that one of them is going to be the right person for their business. In fact, business owners need to meet about a hundred people before they can find one right person in their business.

Therefore, by putting this in their calendar consistently. Entrepreneurs will be more likely to have a pool of great candidates. That when one person leaves, they can hire another great candidate.

The second most common reason why entrepreneurs fail in business. Is because they run out of money. And the absolute most common reason why business owners fail.

Is because they are unable to sell their products and services to enough customers to be viable in business. Which is why business owners should ensure that there is time being scheduled for marketing and sales.

By consistently marketing their business. Can help business owners find the customers they need to sell their products and services to.

And the more customers they find, the more they will be able to generate revenue for their business. That will help them avoid running out of money in their business.

The right scheduling says business coach. Can help business owners know exactly what they need to do in their business. In order to avoid all of the reasons why business owners fail in their business endeavours.

In addition to that, business owners will see how necessary it is to work six days a week instead of five. Because there is no way that they will be able to schedule all of these tasks into their business. And have enough time to work on billable tasks. In a forty hour work week.

The benefits to that, our that business owners are going to be likely to be able to find customers who value the sixth day a week that they are now open. So that business owners will be likely to find more customers because of it.

Understanding how to schedule is very important task says business coach. And can help entrepreneurs be more successful. Then if they did not properly schedule their time.