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Will You Add? - Are You Ready To Kick Self-Employment To The Curb Today?
Self Confidence -- Fact or Myth?OK, you are ready to contact your very first model agency -- or are you? You look through the pages of agents listed on the Internet to find just that right one in your area to contact; or maybe you are going for the big-time in New York City!It doesn't matter. The lump in your throat just got bigger and you are turning pale with fear of hearing that awful word ,,, NO!!Now, before you stop reading and say; "This guy is not only negative but he is reminding me of what I feel.", just remember that these feelings are perfectly normal.Self confidence more important than attractiveness ? More important than ability?I believe it is. In all reality, self confidence is attractiveness. No mat
Which of these are you doing that you need to find someone else to do?
- President/CEO
- Salesperson
- Purchasing Manager
- Office Manager
- Technology Specialist
- Internet Guru
- Human Services Manager
- Marketing Director
- Accounting/Finance Manager
- Compliance/Legal Manager
- Desktop Publisher/Designer
- Customer Service Rep
- Inventory Person
- Quality Control Manager
- Insurance Manager
- R & D Team
- Unbiased Business Advisor
- Organizer
- Trainer
- Writer
- Janitor
- CEO Assistant
- At a minimum, assistants to all the managers and specialists above
If you think that you can't yet afford to hire consultants or employees to help you, consider this. What is your usual hourly rate? Let's say it's $100.
Summertime and the livin' is easy. Freedom from your desk and homework, and a whole season to do what you want. With school out for the summer, it's a life of leisure for the next few months when you’re a teenager -- not! Let's face it, it usually doesn’t take long for boredom to set in, and a lack of spending money. While working during the summer months at a fast food restaurant or in a mall is fine, why not try your hand at starting your own small business? You can be your own boss, set your own hours and best of all, there's no limit to the amount of money you can earn!Here are a few suggestions for services you can offer during the long days of summer.1) Babysitting/Child Care: Looking after little kids in your neighborhood is an
Let me explain.
The self-employed have done one thing for themselves -- created a job with a paycheck, a job with the burden of a lot of extra jobs and taxes.
On the plus side, they've created a system that includes tax deductions -- Whoopy! But what they've done is go from working for a company to creating a job for themselves AND added the stress of being the boss!
Face it -- the self-employed are slaves to their businesses, because no one is working for or with them. Many go from one client to another, or they have only one big client and a few little ones. As they work, they keep reinventing the wheel because they don't have long-term plans or systems in place.
They can't take days off, let alone take a vacation! The words they use -- often, and to anyone who will listen -- are "overwhelmed," "tired" and "have no time for that." (For more on the self-employed versus the business owner, read the book my clients all read -- "Rich Dad, Poor Dad" by Robert T. Kiyosaki and Sharon L. Lechter.)
Go All the Way -- to Business Owner!
Business owners, on the other hand, give themselves the gifts of time and self-value, while they give others one of the most important gifts they can give -- paychecks for doing what they love! And when the business is situated like they have dreamed of, they're then able to give the gift of philanthropy.
Business owners learn the importance of strategic, tactical and operational planning. They monitor their marketing activities. They know exactly what is unique about their business and what they bring to it that adds to its uniqueness, and they know who their ideal client is. They run their business like the "big corporate boys," but without all the hassle -- or lawsuits!
If you've been in business a while, you might think you're no longer self-employed or running a hobby. Beware. Over the years, only 2 out of more than 100 of my clients were really "running" a business. The rest had businesses stuck in "infancy."
And the amount of money you make doesn't determine whether it's a business. I remember Angela (not her real name), owner of a company, with 19 employees, and making $8 million. After an hour's consultation, she asked me what I thought was keeping her company from making as much money as she knew it could. My answer: She was running a hobby. That didn't go over well, and I asked her to read "The E-Myth Revisited" (another must-read business book). Two weeks later, Angela called to start working on her first system -- her company's business and marketing plans. Eventually, 4 others in her company created plans for their departments, and 9 months later Angela was working 1 day a month (yes, per month), and the income for her company was $14 million. So, just because you're making money doesn't mean you're running a well-oiled business machine!
Those who "shift" to the business owner's frame of mind take steps to start doing what successful and practical business owners do:
- They create plans for business, marketing and finances. And they use them to monitor everything important about their business.
- They find alliances to bring in extra income.
- They network at least twice a week.
- They create their ideal client profile and market only to their ideal clients.
- They package their knowledge -- turning it into classes, articles, CDs, etc., that bring extra income and recognition.
- They know their "rack rate" and stop giving away time and business.
AND they hire employees, contractors or consultants to do what they don't enjoy doing, eventually handing over even the tasks they do enjoy. Why? Because they want the time to pursue other goals. So, if necessary, they barter to get the process started..
Why do they hire help? Take a really good look at the list on page 4. You will see that there is NO WAY you can do everything yourself.
Who in their right minds (or left ones, for that matter) could do ALL these jobs correctly and accurately -- day in and day out? But most people who call themselves business owners sure do try!
Which of these are you doing that you need to find someone else to do?
- President/CEO
- Salesperson
- Purchasing Manager
- Office Manager
- Technology Specialist
- Internet Guru
- Human Services Manager
- Marketing Director
- Accounting/Finance Manager
- Compliance/Legal Manager
- Desktop Publisher/Designer
- Customer Service Rep
- Inventory Person
- Quality Control Manager
- Insurance Manager
- R & D Team
- Unbiased Business Advisor
- Organizer
- Trainer
- Writer
- Janitor
- CEO Assistant
- At a minimum, assistants to all the managers and specialists above
If you think that you can't yet afford to hire consultants or employees to help you, consider this. What is your usual hourly rate? Let's say it's $100. W
Are you in a business of having competitors? Competition has reached a new height with the invention of internet. When supply is more than demand, how can you overcome it? How do you ensure your customers continue to buy from you? You will find out a simple and practical way to outdo your competitors.The product or service you offer must be unique, better or even outstanding in some way if you are selling it in sufficient quantities to be successful. It cannot be a "me too" product. It has to have special strengths or qualities that make it different from any of the other products or services that compete with it or that can be used as a substitute for it.You should be able to summarize what makes your product or service unique and bet
They can't take days off, let alone take a vacation! The words they use -- often, and to anyone who will listen -- are "overwhelmed," "tired" and "have no time for that." (For more on the self-employed versus the business owner, read the book my clients all read -- "Rich Dad, Poor Dad" by Robert T. Kiyosaki and Sharon L. Lechter.)
Go All the Way -- to Business Owner!
Business owners, on the other hand, give themselves the gifts of time and self-value, while they give others one of the most important gifts they can give -- paychecks for doing what they love! And when the business is situated like they have dreamed of, they're then able to give the gift of philanthropy.
Business owners learn the importance of strategic, tactical and operational planning. They monitor their marketing activities. They know exactly what is unique about their business and what they bring to it that adds to its uniqueness, and they know who their ideal client is. They run their business like the "big corporate boys," but without all the hassle -- or lawsuits!
If you've been in business a while, you might think you're no longer self-employed or running a hobby. Beware. Over the years, only 2 out of more than 100 of my clients were really "running" a business. The rest had businesses stuck in "infancy."
And the amount of money you make doesn't determine whether it's a business. I remember Angela (not her real name), owner of a company, with 19 employees, and making $8 million. After an hour's consultation, she asked me what I thought was keeping her company from making as much money as she knew it could. My answer: She was running a hobby. That didn't go over well, and I asked her to read "The E-Myth Revisited" (another must-read business book). Two weeks later, Angela called to start working on her first system -- her company's business and marketing plans. Eventually, 4 others in her company created plans for their departments, and 9 months later Angela was working 1 day a month (yes, per month), and the income for her company was $14 million. So, just because you're making money doesn't mean you're running a well-oiled business machine!
Those who "shift" to the business owner's frame of mind take steps to start doing what successful and practical business owners do:
- They create plans for business, marketing and finances. And they use them to monitor everything important about their business.
- They find alliances to bring in extra income.
- They network at least twice a week.
- They create their ideal client profile and market only to their ideal clients.
- They package their knowledge -- turning it into classes, articles, CDs, etc., that bring extra income and recognition.
- They know their "rack rate" and stop giving away time and business.
AND they hire employees, contractors or consultants to do what they don't enjoy doing, eventually handing over even the tasks they do enjoy. Why? Because they want the time to pursue other goals. So, if necessary, they barter to get the process started..
Why do they hire help? Take a really good look at the list on page 4. You will see that there is NO WAY you can do everything yourself.
Who in their right minds (or left ones, for that matter) could do ALL these jobs correctly and accurately -- day in and day out? But most people who call themselves business owners sure do try!
Which of these are you doing that you need to find someone else to do?
- President/CEO
- Salesperson
- Purchasing Manager
- Office Manager
- Technology Specialist
- Internet Guru
- Human Services Manager
- Marketing Director
- Accounting/Finance Manager
- Compliance/Legal Manager
- Desktop Publisher/Designer
- Customer Service Rep
- Inventory Person
- Quality Control Manager
- Insurance Manager
- R & D Team
- Unbiased Business Advisor
- Organizer
- Trainer
- Writer
- Janitor
- CEO Assistant
- At a minimum, assistants to all the managers and specialists above
If you think that you can't yet afford to hire consultants or employees to help you, consider this. What is your usual hourly rate? Let's say it's $100.
Every business must retain certain records on their current and past employees, but which ones and for how long?On the federal level, there are two agencies that regulate record keeping. First is the IRS, which is responsible for enforcing the Internal Revenue Code. The second is the U.S. Department of Labor (DOL). The Wage and Hour Division of the DOL is responsible for enforcement of the Federal Fair Labor Standards Act (FLSA), the Family and Medical leave Act (FMLA), the Immigration Reform and Control Act (IRCA), and the laws governing wages paid by federal government contractors.Both of these agencies have separate rules regarding the type of records that must be kept and the length of time you must keep the records. To further com
If you've been in business a while, you might think you're no longer self-employed or running a hobby. Beware. Over the years, only 2 out of more than 100 of my clients were really "running" a business. The rest had businesses stuck in "infancy."
And the amount of money you make doesn't determine whether it's a business. I remember Angela (not her real name), owner of a company, with 19 employees, and making $8 million. After an hour's consultation, she asked me what I thought was keeping her company from making as much money as she knew it could. My answer: She was running a hobby. That didn't go over well, and I asked her to read "The E-Myth Revisited" (another must-read business book). Two weeks later, Angela called to start working on her first system -- her company's business and marketing plans. Eventually, 4 others in her company created plans for their departments, and 9 months later Angela was working 1 day a month (yes, per month), and the income for her company was $14 million. So, just because you're making money doesn't mean you're running a well-oiled business machine!
Those who "shift" to the business owner's frame of mind take steps to start doing what successful and practical business owners do:
- They create plans for business, marketing and finances. And they use them to monitor everything important about their business.
- They find alliances to bring in extra income.
- They network at least twice a week.
- They create their ideal client profile and market only to their ideal clients.
- They package their knowledge -- turning it into classes, articles, CDs, etc., that bring extra income and recognition.
- They know their "rack rate" and stop giving away time and business.
AND they hire employees, contractors or consultants to do what they don't enjoy doing, eventually handing over even the tasks they do enjoy. Why? Because they want the time to pursue other goals. So, if necessary, they barter to get the process started..
Why do they hire help? Take a really good look at the list on page 4. You will see that there is NO WAY you can do everything yourself.
Who in their right minds (or left ones, for that matter) could do ALL these jobs correctly and accurately -- day in and day out? But most people who call themselves business owners sure do try!
Which of these are you doing that you need to find someone else to do?
- President/CEO
- Salesperson
- Purchasing Manager
- Office Manager
- Technology Specialist
- Internet Guru
- Human Services Manager
- Marketing Director
- Accounting/Finance Manager
- Compliance/Legal Manager
- Desktop Publisher/Designer
- Customer Service Rep
- Inventory Person
- Quality Control Manager
- Insurance Manager
- R & D Team
- Unbiased Business Advisor
- Organizer
- Trainer
- Writer
- Janitor
- CEO Assistant
- At a minimum, assistants to all the managers and specialists above
If you think that you can't yet afford to hire consultants or employees to help you, consider this. What is your usual hourly rate? Let's say it's $100.
We meet people face-to-face, at counters, in meetings, in writing and over the phone. Often our moments of contact are brief, fragmented, and mere snapshots in the longer movie of their lives.We form impressions based upon these moments, and act upon those feelings. But we may never know what’s really going on.The next time you encounter someone who triggers a negative reaction by their tone of voice, body posture, odd request or persistent misunderstanding, take a moment to pause and consider.This other person may have health or financial difficulties you will never know about. This other person may be in the middle of a crisis or some unanticipated trouble. This other person has a life that is not revealed by your short moment
Those who "shift" to the business owner's frame of mind take steps to start doing what successful and practical business owners do:
- They create plans for business, marketing and finances. And they use them to monitor everything important about their business.
- They find alliances to bring in extra income.
- They network at least twice a week.
- They create their ideal client profile and market only to their ideal clients.
- They package their knowledge -- turning it into classes, articles, CDs, etc., that bring extra income and recognition.
- They know their "rack rate" and stop giving away time and business.
AND they hire employees, contractors or consultants to do what they don't enjoy doing, eventually handing over even the tasks they do enjoy. Why? Because they want the time to pursue other goals. So, if necessary, they barter to get the process started..
Why do they hire help? Take a really good look at the list on page 4. You will see that there is NO WAY you can do everything yourself.
Who in their right minds (or left ones, for that matter) could do ALL these jobs correctly and accurately -- day in and day out? But most people who call themselves business owners sure do try!
Which of these are you doing that you need to find someone else to do?
- President/CEO
- Salesperson
- Purchasing Manager
- Office Manager
- Technology Specialist
- Internet Guru
- Human Services Manager
- Marketing Director
- Accounting/Finance Manager
- Compliance/Legal Manager
- Desktop Publisher/Designer
- Customer Service Rep
- Inventory Person
- Quality Control Manager
- Insurance Manager
- R & D Team
- Unbiased Business Advisor
- Organizer
- Trainer
- Writer
- Janitor
- CEO Assistant
- At a minimum, assistants to all the managers and specialists above
If you think that you can't yet afford to hire consultants or employees to help you, consider this. What is your usual hourly rate? Let's say it's $100.
Have you ever been in a situation where you ran out of business cards to give out, or simply forgot to bring it along? In these types of situations you might feel slightly foolish or incompetent when a new contact hands over their business card. You may also be looking for a way to maintain posture.You can save the situation by sending the contact a virtual business card once you get back to your office or home. You could, if you have a blackberry or an email enabled cell phone, instantly send an already programmed email message to their inbox in seconds while you're still at the event. Virtual business cards are quickly gaining popularity amongst business owners and professionals.Virtual business cards are simply business cards in
Which of these are you doing that you need to find someone else to do?
- President/CEO
- Salesperson
- Purchasing Manager
- Office Manager
- Technology Specialist
- Internet Guru
- Human Services Manager
- Marketing Director
- Accounting/Finance Manager
- Compliance/Legal Manager
- Desktop Publisher/Designer
- Customer Service Rep
- Inventory Person
- Quality Control Manager
- Insurance Manager
- R & D Team
- Unbiased Business Advisor
- Organizer
- Trainer
- Writer
- Janitor
- CEO Assistant
- At a minimum, assistants to all the managers and specialists above
If you think that you can't yet afford to hire consultants or employees to help you, consider this. What is your usual hourly rate? Let's say it's $100. What tasks are you currently doing where you can hire someone at less than $50 per hour. Book keeping? Filing? House cleaning? Database management? What else? Well those are the tasks that you could be outsourcing.
Still think you're unable to hire help? Chances are that you're unfocused. Look at the critical initiatives that will help your business grow. Seriously consider creating your one-year business and marketing plan now so you'll be able to hire some much needed help soon.
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