Edmonton Business Coach | Do The Things You Don’t Like
All of a sudden you end up with a team who’s also making no similar decisions, who also has that same sort of culture. And all of a sudden you don’t just have one person driving the bus. You have the whole team. You know, you got a whole team of people who are working harder than the owner in another Edmonton Business Coach and now you just start to laugh the competition and now you do start to get those vacations and now you can take more time off, uh, because even when you’re not there, that machine in that culture, it’s still running.
Yeah. I can see because it’s not,
hi, thanks for joining us for another episode of Askpat [inaudible] CPA. Today as an Edmonton Business Coach coach, we’re talking about do the things you don’t like. Again, having the business coach talking about do the things you don’t like. So may you’ve got some experience and martial arts. Gee, did you like every part of the training every step of the way?
No, there were, there was times where I’m just like, why am I doing this? Why do I continue to do this? Um, but at the end it does come in a bit a benefit. Now I got my third dad. So yeah,
that’s your black belt. I hadn’t asked her that day, but that meant, but yeah. So is there a particular drill? It’s just like,
oh my goodness. Uh, burpees. I they, they strengthen your core but they are a pain
to do. Yeah, for sure. So the quote that we have here today on, on this one, it’s a from Jocko Willink, retired Silver Star, navy seal officer, founder of Echelon, front consulting and author of extreme ownership. Is it the test is not a complex one. When the alarm goes off, do you get out of bed or do you lie there and comfort and fall back asleep? If you have the discipline to get out of bed, you when you pass the test, if you are mentally weak for that moment and you let the weekends keep you in bed, you fail. Though it seems small, the weakest translate some more significant decisions. But if you exercise the discipline that to translate to more substantial elements of your life. And the statistic that we have are, you know, 50% of all Canadian small businesses go into Edmonton Business Coach in the first five years. And often people, you know, where they get into business with the unrealistic expectation that starting in business will make their life immediately easier. So I’m not over the longterm but immediately easier. So maybe one of the questions these business owners should be asking,
they should ask, but should you plan on working the same number of hours when you start an Edmonton Business Coach?
You should not. There are a whole heap of things that you have to do when you start a business that the customer doesn’t want to pay you for. They don’t want to pay you for your systems and processes. They don’t want to pay you for doing the content for your website. Um, you know, on average, entrepreneurs work 63% more than employee counterparts. So you should not plan on, uh, working the same number of hours and you certainly should not plan on working less hours. You should plan on working more hours when you start a business.
Did you plan on sleeping in when you start a business?
No. You should not fight on sleepy and because the day gets busy and it’s been proven, your most successful entrepreneurs are waking up at 6:00 AM or earlier simply because that’s the time when people aren’t interrupting you. You know, that’s the time when you can actually work on your business and not in your Edmonton Business Coach. So if you’re starting a business to sleep in, you’re probably going to have a reactive business that a, yeah, you’re sleeping in, but that business is going to drive you absolutely nuts, uh, when you’re running it because you’re never going to get on top of it.
Should you plan on having a schedule that you can rearrange on a whim?
Yeah, people think that I’m going to start a business because that is a flexible schedule. I can choose when I want to work and you can choose when you want to work, but you can’t change that decision on a whim. So if you start it up two weeks ago saying, I am going to have this customer meeting at that time, you have to have that customer meeting at that time, regardless of how you feel that day cause the customer isn’t going to, uh, you don’t take it too kindly. If you rescheduled that, you know, they might do it once or twice, but eventually that will creep in. They’ll start rescheduling on you too. Um, if you do that and you’ll stay with your teammates, you want, wait, if you want to actually grow a business and grow your team, you can’t just say, you know, I’ll be in at 8:00 AM and then not show up until 10. Um, you know, you have to actually do what you’re going to say as well to your team. So it’s not just about the customers, it’s how you interact with team. Um, so although you can choose when you work as an entrepreneur, you can’t change that decision on a whim.
Should you plan on making the same amount of money when you start a business?
No, no. Almost every bit. I would say 90% of the Edmonton Business Coach that we see when someone goes from being an employee, just starting their own business, they make less for the first year, two years, three years even. And that’s common. Um, you know, there are some anomalies out there that start making more upon starting their business, but that’s not the norm. The norm is they make less for a year or two before they start making more than they would otherwise as an employee. So if you’re thinking you’re going to start your business and immediately you increase your income a statistically, that’s not going to be the, the likely outcome.
And should you plan on taking the same amount of vacation when you start a business?
No, it is going to be very, very difficult to get away for extent, you know, extended periods of time in, in the initial outset or, I mean, I think I had my Edmonton Business Coach for four years before I took a week’s vacation. Uh, and now I have some, you know, uh, down the path where at some point I’m going to get 10 weeks vacation per year. And that’s my dream. And it’s very know it’s, it’s uh, you know, coming to fruition at this point. Uh, but you remember for four years, I didn’t take a full week. Um, and if I was working somewhere, I have got three or four weeks vacation. So you don’t take, you know, start your business because it’s going to be very difficult to get away from the customers who are depending on you because you don’t have those systems and processes built in to the teammates who are, you know, running your organization when you’re awake who haven’t been with you that long. Um, you know, it’s going to be very difficult to get away. Uh, initially when you start your business.
Well, you had additional administrative tasks when you start a business.
Oh yeah. So then you’re going to run into all these tasks that you weren’t sure that you were doing. I remember when I started the accounting for, um, I didn’t know how to, I didn’t, you know, know how long it was going to take. The set up, all the templates, all the templates of the, the financial statements in the engagement letters and the representation letters. And the firm letter had, um, you know, all of those templates that you had and all those admin tasks. I didn’t know how to do them. In fact, I didn’t know how to file a tax return because although I’ve been doing tax returns for years, there was a min department that always batch file the tax returns, got the EFL confirmation slips and you’ll simply going through the process to get the e file number. Was it to incredibly complex, but it was extremely time. I, it was, it a lot of time involved in actually getting all those things done. So there are likely, if you’re moving from a technical role to a business owner rule, you are likely going to drastically underestimate the amount of ministrative work that goes on in the company that you’re in currently.
Should you be willing to do maintenance type task as a business owner?
Yeah, so it doesn’t matter if you’re an accountant or a lawyer or a plumber. If you have that office, you know that Edmonton Business Coach location, uh, and heck, even if it’s just the vehicle in arranging that vehicle, there is going to be maintenance type tasks that are so far out of your professional expertise, but you’re going to have to do them because if you don’t do them, you know, the, the costs a lot of time that costs to do that are going to be exorbitantly high. And sometimes even it’s just that level of organization that you have to figure out what you want that office to look like. And did you roll up your sleeves and get your hands dirty and actually to make that happen, it’s probably going to happen the way you want. You know, it’s easier for s ask someone to make it bigger once you have it the way you want. Um, but you know, there’s going to be a lot of things that you’re going to have to do simply because of cost or because you know, you want to make sure it’s the right setup for your business. So you can’t be afraid of doing, you know, maintenance type tasks at your business location. Expecially when your, your, your new business,
when you start out with a small team, when you likely have to do more grunt work.
Yeah. So there’s a lot of work that you might do. Again, if you’re coming from a technical role, you’re probably coming from a technical rule where you were the top dog sort speak, you are one of the more experienced person. Uh, so you were doing the higher level work, but all of a sudden when you start your business, you’re going to have a smaller team and you’re going to have to go back to doing some of that grunt work that you might’ve been doing, uh, you know, a few years ago. But then since then you’ve outgrown because you’re only gonna have so many team members in there. They’re not going to have it. You know, even if you have a couple team members, they’re not going to have a lot of training. Uh, so you’re going to have to help them with some of that. Some of that grew out work, some of that lower level work that’s going to be a, uh, a natural byproduct of starting a business is you’re probably going to have to go back and do some of the work that you weren’t doing. Um, currently
is your competition likely trying to avoid the same task that you don’t like?
Yeah. So you got to remember all those things that you don’t like to do. You know, you don’t want to set up your office the right way and do the, the, the maintenance tasks for the office. You know, you don’t want to do some of that lower level grunt work. Um, in which case, you know, your competition is thinking the same thing. Their office looks disorganized. They completely abdicated that grunt work to, uh, a junior level employee and they’re getting it wrong. Um, so all of those things, they all add up. You know, they’re, they don’t, they’re going to go and take that vacation. Uh, there are rate when they start their business in the first six months. Um, so almost things that you don’t want to do. Remember, your competition doesn’t want to do them either. So if you do do them, you’re immediately just going to get the upper hand on them.
What is the value of showing your team that you’re willing to do task? You don’t mind.
So if you can show the team that you’re willing to do tasks, they don’t like it, they start, you know, to, they’re not going to resent when you asked them to do tasks that they don’t like. Either. They realize that it’s part of the process. It’s a means to an end. You know, uh, all they’re just going to be, they’re going to have more buy in. They’re going to think that, hey, we’re all in this together. Sometimes we do tasks that we want to do. Sometimes we have to do the tasks that are, you know, a little bit more difficult or a little bit more monotonous or a little bit more challenging. Uh, but they realize it’s part of the process. It doesn’t matter who you are, whether you’re the CEO or the person who just started yesterday. Uh, occasionally you’re going to get to do things that you like, but sometimes you’re, you’re going to have to do some of the things that you don’t like to do. You’re going to have to do the burpees, you’re going to have to do the burpees of the Edmonton Business Coach if you want to succeed.
Well, Insta, instilling the culture in the team eventually make your life easier.
Yeah. So, so you might think, well, why do I want to do this? This sounds terrible. I don’t want to be an entrepreneur. But if you can set that tone and you can set that tone in your Edmonton Business Coach, um, for, you know, it’s not a short time, you’ll have to set it for years and one year, two year, three years, four years, five years type of thing. All of a sudden you end up with a team who’s also making no similar decisions, who also has that same sort of culture. And all of a sudden you don’t just have one person driving the bus. You have the whole team. You know, you got a whole team of people who are working harder than owner in another business. And now you just start to laugh the competition, and now you do start to get those vacations and now you can take more time off, uh, because even when you’re not there, that machine in that culture, it’s still running.
You know, people are still operating at that same level. So you know that by, in, no, although it’s a sacrifice, it actually really just accelerates on how much freedom that you’re going to have in the future. So I think that’s what we have here today. Thanks so much for tuning in and as always, we look forward to any comments that you have so we can respond back and, and, uh, use your feedback for future videos. Uh, and please hit the like and subscribe buttons. So we continue to deliver your tips on how to beat the odds up Edmonton Business Coach. Thanks very much.