Posts tagged Amount Of Money
You Can Work Less and Make More Money
Jan 24th
These days it seems we work longer and harder and still end up with less money in our pockets at the end of the Month. Wouldn’t it be great if you could work less hours and still have more money in your pocket? Well you can if you reduce your current debt and spend more work hours on tasks that produce more income.
Realistically there are only few ways available to us to make money. As an employee, investor, by marriage or inheritance or as a business owner. Of all these being a business owner will give you the best opportunity to control the amount of money you can make.
Let’s take a look at some ways to make more money in business. 1. have more customers, 2. sell more products 3. increase the price, 4. reduce your costs, 5. build up a strong business that you cans sell for a profit.
The best way to make more money in your business is to spend your time getting more new customers which will lead to more sales. Everyone is very busy in their business but if you look at what you spend most of your time on in your business you will realize that it is on doing things that are important but do not make you money. You need to work smarter not harder.
A good way of doing this is to Leverage your time, in other words getting others to do a range of tasks to help you get things done. You need to able to delegate some of the other tasks to other people in your business. If you create systems in your business there are 2 benefits. Your business can run without you doing the work which frees you up to focus on getting more customers and also your business is consistent in quality and standard because everyone follows the same procedures.
If you hire an assistant they will be able to process a lot of administration and organizational tasks which will free up your time.
Customer Service is very important to your business, You need to keep in contact with your customers and develop a good relationship. There are easy and relatively cheap ways to communicate with customers via the internet nowadays such as email, newsletters, telemarketing and EzineArticles. This will have numerous benefits. Firstly repeat business, good work of mouth referrals and even selling of other related products.
To get an idea of what to charge for your product you need to look at the market to see what prices are currently being charged and whether you are able in increase the price of your product. You may also be able to reduce your overheads and costs by simply taking control of your expenses and asking yourself if this is required to make your business more profitable. Also look for ways to make your business more efficient and a really good way to do this is to enlist your employees feedback and help.
Some people like to build up a business and then sell it for a profit. If you are looking to do this you must first assess the type of business to make sure it is saleable or does it require your specific expertise to be profitable. If not make sure good business structure and systems are implemented.
So just to recap we see that you can have more money with less time spent working if you implement some important strategies. Firstly work smarter not longer. Look at your current debt to see if you can get rid or at least reduce it. Then look at your current methods of making money and try to focus more on task that actually make you money. Hopefully this should lead to more money in your pocket and more time away from work to enjoy yourself!
How to Make BIG Leaps With Just a Step a Day
Sep 19th
What if you took just ONE step closer to your goals every single day?
Just one.
It sounds harder than it is.
Honestly.
Let’s say your goal is to write a book. Many people have this on their “things to do before I die” lists so I know this resonates with a lot of you.
What is the absolute first step? Decide what to write about. This step looks simple but you need to see if people would read it, if publishing houses would buy it, if there’s a market so it will actually sell.
So maybe the first two weeks is spent checking all that out.
The rest of the month might be outlining the whole book – what do you need to cover, how many chapters? Etc, etc.
And then comes the writing. Now if I were coaching you, I’d make you write at least 5 minutes a day because writers WRITE.
To some, that seems like nothing much but 5 minutes a day is 35 minutes a week which is over 2 hours a month, at the very least.
And of course, some days just getting those 5 minutes done will be a miracle;) but other days, you’d spend 30 minutes or more easily writing.
That’s exactly what I mean when I say you can make big leaps with just a step a day.
People ask me how I get so many things done and it’s because I do exactly this.
Now I will tell you I don’t always feel like writing or recording audio or _______ (fill in whatever you don’t like doing) but I do know that it will move me towards my goals.
I have a rule. EVERY WEEK, come hell or high water, I need to do AT LEAST one thing to move me towards my goals. This helps me focus on outcomes even when I’m really busy.
Think about one of your goals. Let’s say you want to go on a holiday to Ireland;)
Let’s break it down.
1.Decide exactly where in Ireland you want to visit.
2.Investigate prices of airfare, hotels, B&B’s, tourism, food, etc.
3.Check your savings account to see what you have available.
4.Based on the shortfall, decide on the amount of money you need to save every month.
5.Decide length of holiday and itinerary while there.
6.Book flights and check if you need a visa.
7.Book accommodation.
8.Book car rental/ decide on method of transport.
9.Pack your bags
10.Go!
Grab a piece of paper and write your own steps for your goal.
Your challenge this week is to take at least ONE step towards your goal this week.
