Finding Time To Start A Business

One of the 1st things we look at during my Amazing Business Creation Workshops (in fact, it’s part of the pre-work!) is actually making time to start planning your business – sort of ‘getting ready to get ready’!

As working mums we can often feel like we have very little time to do any of the things WE want to – and so often I hear women tell me they’d love to start a business ‘one day’ but they just don’t have time right now.

Well, I have news for you – you will NEVER have the time to start a business (or any of the other the things you want to do) unless YOU take serious action to MAKE it!

You see, your time is like a vacuum. As soon as you free some of it up, it naturally gets filled with something else – and if YOU don’t determine what that is yourself, I’m afraid it just gets occupied by ‘stuff’. ‘Stuff’ that’s about as useful for getting you where you want to be in life as a chocolate fire guard.

Think about it – your mum/friend/partner offers to watch the kids for a couple of hours. What do you do? Do you find yourself complaining to your friends that you don’t know where the time goes? Because you spent the whole time sorting laundry/washing up/picking up toys/sweeping the bits off the floor, only to have to do it all again an hour after they get back?

What if you spent that 2 hours really focusing on one particular goal that you’ve had for ages (like starting a business!)? What if you left the other ‘stuff’ until the kids had gone to bed and you knew it was going to stay ‘done’ at least until they get up again?!

It’s difficult isn’t it? It’s very easy to get totally caught up in trying to be everything to everyone – trying to be a supermum – but there really does come a point where you have to make some decisions about what you really want for you and your family IN THE LONG RUN.

Now, seeing as you’re reading this, I’m assuming you’ve made the decision that you would like to take steps to find a better work/life balance, and to do that by starting a business. I’m also assuming that your no. 1 priority is your family.

That’s certainly the case for the mums I’ve worked with so far and it is for me.

Virtually all the mums I speak to, with very few exceptions, say that the main reasons they want to start a business are a) they want to (or need to) spend more time with their family or b) earn more money to enjoy with their family or both.

So, accepting that family comes first, we have to find a way to give enough priority to starting a business in order to actually make it a reality while also recognising the whole reason why you’re doing it in the first place.

You need to find a balance between spending the time you want to with your family AND dedicating enough time to following this path to creating a better life for you all.

Now, I’m not going to say it’s easy – because I’d be lying.

But if you’re determined to create a business you love that can provide for you and your family for years to come AND give you the life balance you’re looking for, finding time to plan it properly is absolutely crucial.

The following tips for finding the time you need to start planning a business around your family come straight from my Amazing Business Creation pre-work. We use worksheets to help us with most of them but you can do the work without. I hope you find them useful:

Find the ‘leaks’ in your time.

Take a pad of paper and write down every single thing that takes up your time during the day. I mean EVERYTHING! Work tasks, kids tasks, the school run, shopping, meeting with friends, running errands for parents, walking the dog, updating Facebook – whatever.

Once you’ve done that, cross out all the things that, if pushed, could go altogether for the next 6 months. Now identify the areas where you could SAVE or MAKE time – limiting time on Facebook for example or, better, getting rid of it altogether (unless it’s for business purposes!); staying up 20 minutes later on a night to prepare packed lunches, set out uniforms and lay out breakfast things; doing your food shopping online.

Maybe you could meet friends less frequently but for longer, or meet them at your house instead of travelling somewhere? Could you use the time when your baby or toddler is asleep, instead of catching up with the laundry? Could you arrange for your child to go to a friend’s for tea after school and offer to return the favour another night? Could they go to after school club for a while?

Once you’ve identified what you COULD do, commit to actually doing it!

Remember, action is what’s needed here, not just ideas. It’s all well and good completing the worksheets and saying ‘well I COULD DO THIS’ and ‘I COULD DO THAT’.

DO IT NOW!

And it’s important not to get fed up about it – remember, it’s not forever, just for right now to allow you to focus on what you want out of life. Then you can slowly start to add things back in (and actually, some things you’ll probably realise you’re just better off without doing altogether!)

Identify your goals

For each area of your life (we do some work on all your individual ‘roles’ during the workshop), start to create a list of all the goals you’d like to achieve.

So create a ‘mum’ list, a ‘wife’ list, a ‘business owner’ list, a ‘daughter’ list and so on.

Write down everything you want to achieve on those lists – long term and short term goals all count here.

Do you want to help your children learn to read? Do you want to re-connect with your parents? Do you want to move to a new house in 2 years? Take the kids to Disneyworld? Do you want to be able to buy your partner a new car or to retire at 50?

Take an hour to really think about what you want your life to look like in a few years time – from all angles.

Lists, lists, lists

From the goals you’ve identified, break them down into the tasks you’d like to do each day/week/month to bring you nearer to those goals.

Spending 30 minutes each night reading with your children, dedicating 1/2 day each weekend to spending with your parents, spending 1 hour 3 times a week dedicated to planning your new business – whatever you think you need to build in to reach the goals you’re setting yourself.

Take Control Of Your Time

The next step I recommend (and it sounds a bit extreme but it works!) is to take an appointments diary (I use the Franklin Covey planner system and provide this for mums who join my longer term programmes) – one of those that breaks each day down into 15 or 30 minute slots – and schedule your next week.

Try it once and see how you get on with it.

Plan slots for everything you want/need to do each day and try to stick to them. Try scheduling your WHOLE day for 7 days and commit to trying to stick to it – 1 hour to get the kids ready in a morning, 45 minutes for the school run, 1 hour to work on planning your business, 1 hour housework… whatever suits you. But remember to build in slots for all the roles we covered above. Just try it and see if it works for you.

I even used to schedule in time for the kids bedtime routine – to make me concentrate just on them for 45 minutes… nothing else. You’d be amazed how quickly they went to sleep afterwards! It has to be said, sometimes I really need to make an effort on the parenting front, I’m ashamed to admit!

Of course, things change, and you have to re-arrange things during the day, but having a plan to work to can really make a difference… if you want it to and you’re willing to really commit to giving it a go.

Well, there you go – just a few tips to get you started… I hope you’ll give them a try.

How To Start A Business And You Really Make Money In Your Own Business

Don’t let all the difficulties in running a business stop you from starting your business.

Don’t even let those who have failed in their businesses discourage you from making money and succeed in the business world.

Let this article be a great encouragement to you at this moment, it doesn’t matter whether you are now thinking of starting a business, in the process of starting your business or you are already in your own business.

Though it is not that easy to start a business, because there are so many things you need to do before you can really make money and succeed in business.

However, I sincerely believe you will make money and succeed when you are running your own business.

It is because I also believe the moment you decided to start your own business, you already have a very strong determination to succeed in the business world.

The most important thing you need to do now is – read this article seriously many times to make sure you really do one very important thing – a good preparation before you start running your business.

The first thing is to make sure you are truly well-prepared and you really know how to make money and succeed in this intense competitive world market.

The second thing is to make sure you are very confident in running your business and you truly know how to prevent earlier failure in business that is so common in the business world.

Moreover, any moment you feel discouraged when you are running your business, always remember to come back and read this article, it will inspire you and help you regain your self-confident, you will move on confidently until you really make money and succeed in your own business.

Here are the Three Important Steps that I believe they will help you tremendously when you are doing your preparation before you start running your business.

Step One: Preparation

1. Business documentation, accounting and taxes

Get a professional accountant to help you in business documentation, accounting and taxes. It will save you time and effort, so that you can immediately focus on business development to bring in profits into your new business.

2. Focus on one business at a time and make it a great success

Don’t be a jack of all trades, starting many businesses before you really make money and succeed in your first business. You can start another business if you want when you really make money and succeed in your first business.

3. Do your market research before you start your business.

Don’t simply start a business just because you think your new product or services can make money in this world market. Seriously put in your time and effort in doing your market research and know precisely whether there is a potential for you to really make money with your new product or services.

4. Get your success master plan ready

Write down your business vision in your success master plan and put in more details on how you want to succeed in business. Read your success master plan regularly and know your daily progress until you really make money and succeed as what you have written in your success master plan.

5. Learn and be a master in selling and marketing

Don’t start a business until you really know how to sell and market your business ideas, your products or services. Selling and marketing are the two main business activities that will bring in profits into your business.

You have to sell your business ideas, products or services to those who joined you and they are helping you in your business – your sales personals, your distributors and traders. You also have to train them and guide them in the selling and marketing of your business ideas, products and services to the consumers and businesses.

6. Create an effective business system

It will minimise your daily work pressure and stress in running the business. It will also make sure the business work flow is always stable and consistent and you truly give the best standard of services to the consumers. You may also franchise your business to expand your business market.

Make sure everyone in your business organization seriously follow your business system and they truly understand the benefits for them when they follow the system, whether it is a simple checklist or work flow chart and monitoring system. New employee will easily take over the work should someone suddenly leaves your organization. Keep on improving your system to meet the growing demand of the consumers as your business grow and expand in the market.

7. Keep a business capital reserve in your new business

It does not matter how much business capital you have raised for your new business, but keep a capital reserve for two years’ business fixed expenses, because you may not make a profit in the first two years. This will enable you to focus on business development without financial worry until you really make a profit in the business.

8. Always be a major shareholder in your own business

Remember to keep at least 60% of your business shares and always be a major shareholder in your own business. Don’t oversell your business shares in the market if you are using your business shares as an exchange for raising your business capital. Otherwise, even though you are the founder of the business but you will easily lose your post as the CEO – Chief Executive Officer in your own business.

9. Maintain a good physical health condition

Daily exercise, having a good sleep every night and eating a balance diet everyday to make sure your physical health is always in good condition. You will then able to focus on your daily business activity, leading a team of people to really make money and succeed in this intense competitive world market.

Step Two: Start Running Your Business

1. Understand the grand purpose of your emotional feeling

You must truly understand the grand purpose of your emotional feeling and “why it is so important” you must always feel good and happy when you are running your business, so that you know precisely how to allow your wonderful emotional feeling to guide you prevent earlier failure in business and how to really make money and succeed in this competitive world market.

2. Become a great leader in your own business

The moment you decided to start a business, you are already a leader in your own business. As long as you are willing to learn and improve your leadership, you will truly become a great leader, unite and lead your team of people achieving your vision in your own business.

3. Focus on sales and marketing of business ideas, products and services

Your goal in business is to make profit and without making a good profit, very soon you will be out of business. Therefore, you must focus on sales and marketing that will bring in profits into your business.

4. Keep a healthy cash flow in your bank account

Without keeping a healthy cash flow in your bank account, it will also lead you to business failure. Always consult your accountant to make sure you wisely control your business expenses, so that you will never have to face with cash flow problem in business.

5. Create products or services that are truly great and remarkable

Make sure you create products or services that are truly great in solving the consumers’ problems. You must also make sure there is quality consistency in your products or services before you deliver them to the consumers.

6. Do not sell inferior quality products and services to consumers

If you are selling other people’s products and services, make sure you sell products and services that are truly great and remarkable. Inferior products and services will bring more problems and inconvenience to consumers and ruin all your efforts in building the business, and it can also bring you to earlier business failure.

7. Provide excellent services to consumers

Always give the world’s best services to the consumers. Make sure they really feel good and happy when they are buying your products or services and they truly enjoy a long-term good experience in using your products or services. The consumers will be very happy to recommend your products or services to potential customers.

8. Do not expand your business too fast

Seriously put in your time and effort to grow your new business. Make sure your business is stable and really make profits before you think of expanding your business in this world market.

9. Helping the world economic climate to improve

When you are in business, you are also here to help those who are starting their own business and those who are already in business to succeed in business. The easiest way to do it is encourage them to read this article. When many businesses in the world succeed, the world economic climate will improve. Consumers and businesses in the market will have more money to buy your products or services. Your own business will also easily succeed and flourish in this world market.

Step Three: Don’t Give-Up Until You Really Make Money And Succeed

1. Do not afraid of intense market competition

Intense market competition is always good for you and all business people. It is here to stimulate your powerful mind to think and you will then come out with new business idea, new marketing strategy, new product or new form of services to compete with others in this world market. Intense market competition is here helping the growth of businesses and the economic growth of this wonderful world you live, it is truly the wonders of the business world.

2.You must not afraid if your business suddenly turn bad

In every unpleasant situation that is happening in your business, there is always a great benefit for you – it is forcing you to make the necessary changes and you will see an impressive improvement in the way you run your business.

3. Have a strong determination to succeed in business

It is truly your determination to succeed that will help you go through all the troubles in business. It is also truly your strong determination to succeed that will make sure you will not easily give-up until you really make money and succeed in your own business.

Conclusion:

1. Read this article seriously many times until you really do a good preparation before you start running your business. Whenever you feel discouraged when are running your business, always remember to come back and read this article, it will truly inspire you to move on until you really succeed in business.

2. You must truly understand the grand purpose of your emotional feeling and know precisely “why it is so important” you must always feel good and happy when you are running your business, so that you know how to allow your wonderful emotional feeling to guide you really make money and succeed in your own business.

3. Sincerely share this article with as many business people as you can to help them succeed in business. When many businesses in the world succeed, the world economic climate will improve, your business will also easily succeed in this world market. Isn’t it wonderful in the world of business?

Starting a Business After 50? It’s More Common Than You’d Think!

Starting a business after 50 is becoming more common because, as we live longer, the ages between 50 and 80 is a time for discovering our inner passion and perusing our dreams on our own terms. Senior entrepreneurs are empowered by greater life experiences and better confidence and more perseverance.

In fact, a study at Babson College & Baruch College found that Americans 55 and older started 18.9% of all businesses created in 2008. When you compare with this the 10% created in 2001, that’s nearly twice the percentage in a seven year span! We baby boomers make up a huge percentage of the population which is part of the reason why. However, I believe we also have the patience and perseverance that it takes to start a new business.

The kids today tend to have very little patience; and it’s patience and perseverance, indeed, that give you the makeup to start a successful business after 50 – or at any age!

Here are a few examples of people who have been successful at starting a business after 50…

Throughout his life, Mahatma Gandhi demonstrated how to fight for a cause in a nonviolent way. One of the most important acts in his quest for Indian independence occurred in 1930, when Gandhi was 61.

Kroc, the guy responsible for all the McDonald’s in the world, began his venture at the ripe age of 52, despite battles with diabetes and arthritis. Seven years later, he convinced the brothers to sell out their shares, and he became the owner of a franchise that would sell more than a billion hamburgers by 1963. Kroc continued to be involved in McDonald’s operations until his death in 1984.

Grandma Moses never had any formal art training — indeed, she’d had very little formal education at all — but she painted every day, turning out more than a thousand paintings in 25 years. She had no experience or education in paining, and didn’t being painting until the age of 76.

One of the oldest success stories is The owner of Kentucky Fried Chicken, Harlan David Sanders, well known as Colonel Sanders. He was 65 years old when he started Kentucky Fried Chicken. KFC was a brand new business idea for him. In his youth, Sanders worked many different jobs from farming to steamboat pilot, to insurance salesman.

When he turned 40 years old, he started a service station and sold chicken dinners to his patrons. Over a number of years he developing the way he pressure fried the chicken, yet he didn’t decide to actually start his own business until he received his first puny social security check for under $100.

And what about his patience and perseverance? Get this: Old man Colonel Sanders solicited over a thousand restaurant owners to try his chicken recipe in an effort to start his business. And, after persevering 1009 rejections, he finally received his first “yes” and his chicken business had been launched!

This is the kind of perseverance it takes to start a business that soars to success.
Some people think that it’s even harder in today’s economy to start their own business. However, contrary to popular belief, a tough economy makes it easier. In fact, there were more successful businesses launched in the great depression than ever before.