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

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Business Consultant | How to Be a Good Business Consultant

There are two wonderfully useful topics when thinking of opening your own business, says business consultant. These are the minimal viable product, and a term called batching tasks.

Batching tasks are when you take small tasks put them all together so as to solve them and complete them at her near the same time. It is simply quicker and easier to do and will keep you on task.

A useful philosophy when starting your own business is that time beats talent every time. There are many examples of successful entrepreneurs that were not born as such. However with hard work, dedication, and education, they have become very successful. But it’s not without not working a lot of hours.

Business consultant recommends that you do not in fact quit your day job. When starting your own business you are in for a very long road and do not expect to have any revenue or profit coming in for at least the first couple of years. Bear in mind however, that you will still need to pay all of your bills, and support yourself and family. Expect that small business owners for the first few years do not work any less, they work far more than the usual full-time job holder.

Eventually, these long hours will be easier. Other advice would be not to started business just to make money. Most people don’t have the discipline to continue through the hard years of having negative profit, and most businesses fail within the first five years.

Another consideration would be, in order to sustain the passion of your business, to do just that, surround yourself with your passions, your hobbies, your interests. Potentially, surround yourself with people that you love so that it will be easier for you to enjoy your new surroundings and environment.

As the old saying goes, we develop motivation from progress, instead of worrying about what you want and instant gratification, work towards the final outcome and ultimate financial and time freedom. In order to do that, you have to focus on and get the work done so as to complete your long-term goal.

Sometimes that’s easier said than done. However, rest assured that there are little wins and accomplishments in everyday. Remind your subordinates of that as well as yourself.

As you will be working often went, when you are at home make sure that your full attention is to your family. They understand that you are working for them to help them to achieve long-term financial and time freedom. However, that doesn’t mean that they don’t miss you while you are gone. One way to keep your full focus on your tasks professionally and personally is to consider unplugging. Technology could be a big distraction from your task at hand.

Also keep in mind to consider a rigid routine and regimen regiments. Many new business owners are arrogant in that they think now that the owner business they can do what they want when they want.

New business owners truly don’t understand the time and effort it takes to build and sustain a successful new business, says business consultant.

Consider the tried-and-true method of batching tasks as one way to be efficient. Batching tasks is a method in which you do small tasks at or near the same time to its completion. It will save you a lot of time, and keep you on the straight and narrow.

Consider the fact that time and effort beats raw talent every time. This is true of every skill, hobby, passion, and endeavour. If you put in the time and effort, you have a better likelihood of success than if you were just born with the wrong knowledge of how to do a business.

Bear in mind however that if you consider leaving your full-time day job because you will be working potentially less hours because now you own a business, this is in fact a myth. Most new business owners work far more hours than the conventional fold full-time job worker. Again, if you put in the hours your chances of success exceeding is much better.

Feel refreshed in the fact, however, that these long hours will eventually get easier. Make sure that you either have or develop the discipline to sustain all of the long days in order to build a successful business.

Start making choices about what is actually important, says Business Consultant. When you are at work, make sure that your full attention is driven to work. When you are at home with your family or socializing with your friends make sure your full attention is in fact on them. Your friends and your family miss you as you endeavour to make your dreams of owning your own successful business come true. But they will think of you often, wonder how you are doing, will want to hear stories, and ultimately miss you.

Likewise, attempt to keep everyone in your life including yourself moving in the same direction. Consider adopting a rigid and routines work schedule as well as social schedule. If everyone including yourself is on task and on schedule, they will know where you are at all times, you will know where they are at all times, and the guessing is taken out of your day-to-day work and social life. Your family will know when to expect you at all times, they will know when and whether you’re able to make special occasions, and you will be missing out on anything.

A lot of new business owners pushback on diligently regimented and routine schedules. However, when you start a new business, you should be more disciplined, not less. Eventually, you will be able to, upon bringing revenue into the business and making a profit, to hire someone with which to alleviate some of your day-to-day tasks to free up some of your free time so you can socialize and dedicate more to your family.