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

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Edmonton Business Coach | Creating A Successful Business Takes Time

Most entrepreneurs know the secrets to creating a successful business is time says Edmonton business coach. The most successful entrepreneurs work an average of 80 hours a week. The author of the one thing Gary Keller has said this about time, ìtime on a task, over time, eventually beats out talent every time. î anyone who wants to become a business owner must understand, that when it comes to building a successful business, several hours they put in are vitally important.

While many entrepreneurs have the goal of creating a work-life balance in their mind when they are starting their own business, if it is not a long-term goal then it is maybe a mistake for them to start a business. Because people who start businesses, will not have the ability to take whatever free time they want for several years says Edmonton business coach. The goal of having the freedom of time can be one that a business owner can focus on to help them get through a phase, but if business owners think that they are going to get it in their business in the first few years, they should reevaluate their goals.

Another way that entrepreneurs can get through extremely long 80 hour work week, is by focusing on the other goals that they have for their business. Being able to accumulate wealth, have financial freedom, or being able to build a legacy for their children can all the important goals to keep in mind says Edmonton’s business coach. The reason for that is because remembering why a business owner is doing what they are doing can be an important motivating factor in continuing to work on the hard tasks. But it is not just important that business owners need to keep the large goals in mind, because those could be several years away. Business owners can also develop motivation from seeing the progress of all of their hard work. I celebrating something small and every single day, business owners can create the motivation that they need to make it through every single day. Whether they’re celebrating being able to get all of their sales calls they set out to make in a day, achieving a quota on leads, or getting a Google review, by celebrating accomplishments big and small, can help entrepreneurs get through each day.

Something else that business owners should do to stay motivated in their business according to Edmonton business coach is to build the business around something that they are passionate about. Because when they do it they love, business owners will not feel like they are working as much, or they will want to work even harder because they love what they do. By working on what they love, that passion can help business owners tolerate extremely long days especially when things get tough.

Being a business owner can be very difficult, and by focusing on what is truly important in celebrating victories can help business owners stay motivated to do what they love.

The things that anybody who is thinking of starting a business should keep in mind, is that building a business takes a lot of extremely hard work according to Edmonton business coach. It is not a job that somebody should take on if they are hoping to be in charge of their schedule so that they can work less than 40 hours a week, or go on vacation whenever they want. It takes long hours and dedication to do it is necessary to build a stable business.

Successful entrepreneurs work approximately 80 hours every single week, and the more time a business owner can put into their business, the more that they are increasing their chances of success. ìTime on a task, over time, eventually beats out talent every time. î That is a quote from Gary Keller, who is the author of the book the one thing. It illustrates how important putting time into something is, and that time can beat out talent. So business owners that want to be successful in business, should ensure that they are putting time towards it. The odds are often stacked against entrepreneurs, with the success rate being 50%. Industry Canada says that 50% of businesses fail in year one, 30 fail by year two, and 50% fail by year 5. For entrepreneurs to be prepared to grow a successful business, they should be prepared to put in the time required to make it work.

One of the most important things that an entrepreneur can do when they are starting their own business says Edmonton business coach, is to create a time blocked schedule. Most entrepreneurs understand that average and end time blocked schedule at work can help them stay on task to get more accomplished, but many entrepreneurs do not know that using a time blocked schedule at home can also help with home life as well. The time that a business ownerís family spends with them is very valuable, so giving the entrepreneur as well as their family schedule they all can count on is extremely important. The family will be able to create their schedule based on the time an entrepreneur is available, allowing everyone to plan to be present. If the schedule fluctuates at all, the business owner and the family might miss out.

Edmonton business coach says that disciplined and repeatable schedules are even more important than ever before because business owners that start their own business need to be more disciplined than they ever have been before. Once an entrepreneur has a disciplined schedule, they can use that schedule to hire help and delegate tasks so that they can ensure that they are always meeting on time, they are accomplishing what they need to do, and then adhere to the schedule to be able to leave and get the activities that are meaningful to them.