In balancing your work and life, including being self employed or a momprenuer, your passion may not only be what you think it is!
Sure, it could be a particular topic like a small business idea or basketball or playing the saxophone. Personally, I think things like that are way up there in passion, but not exactly on the very tip-top. Maybe they are but perhaps more a means to the end.
What do I believe is that your passion, regardless of who you are and what you do, goes way deeper than that.
Let's be honest here - your #1 passion is probably more entangled in a “who” not just a “what”.
Don't believe me? Imagine your kids just did something that might be questionable and you really didn't like it. (Probably way easier for some to imagine that than others!) It's okay for you to fuss and punish them, but woe be to someone else who might dare fuss at them or in front of you!
When I was a kid, the three of us siblings would tangle and at least come to word blows. God help some other kid who thought he would tangle with any one of us three! Suddenly the blows were no longer directed to “the wayward sibling” but “THE INTRUDER”!
Think about it. Why does the single mom often work more than one job? Is it because she just happens to like it? No, she's providing for her kids. My guess is her work life balance is lopsided. She really needs to find a profitable way to stay home, at least part of the time with her kids.
Her passion is not her work but those children. BUT -there is no reason she can’t have the very best of both worlds: running her side hustle idea AND being there for their kids.
Likewise, parents, both moms and dads want to “BE THERE” at that basketball game or tee- ball game or indulging in the hours of sitting on hard gym bleachers during those all day wrestling matches.
Is your current struggle with your passion for what you really want to do vs. what you have to do vs. “being there” for your family?
Then do something about it!
No, don’t quit your job to work at home without these seven things:
Let’s make that eight. Start small and work your way up to replacing income and benefits.
Okay, nine. Seek financial counsel from someone who is qualified to give you advice, not the most cautious person in your circle of family and friends that’s going to tell you to take the safest way that they would take.
And if you REALLY believe working at your current job and making money for someone else is always going to be there, I hope you are right. Small business owners get sick, die, eevn sell their businesses to someone else. Larger businesses buy and sell each other, change management and management styles. The economy changes. Layoffs happen.And that’s not even considering loving what you are doing instead of dreading every time you know you have to go to work on Monday morning or whatever day and time you have to punch that time clock.
Why not find your work passion while taking care of your real passion?
Do the Ben Franklin close on yourself.
Get a sheet of paper and draw a line down the middle. On one side write out the reasons to leave things exactly as they are. On the other side of that line, write all the reasons to make changes.
Now, if you are convinced you really don’t like the status quo, then start working on those seven, er, nine things listed above.
You might discover you can have your cake and eat it, too!
Start your journey toward successful self employment so you can be there for your “who” by discovering your dream business, your “what”, from these 75+ business opportunities in the Biz-Op-Virtual-Expo. Reserve your free spot now!
As someone who is trying to balance your work and your life do you know the answer to this question? I didn’t! I actually thought the answer was far different! Opps!
What Is the Small Business Failure Rate?
“20% of small businesses fail in their first year, 30% of small businesses fail in their second year, and 50% of small businesses fail after five years in business. Finally, 70% of small business owners fail in their 10th year in business.”
And your answer to this question?
What are the most common reasons small businesses fail?
“The four most common reasons why small businesses fail are:
* a lack of sufficient capital
* poor management
* inadequate business planning * and overblowing their marketing budgets. cash flow problems.”
BUT, what if I told you that these 7 pillars of small business wisdom will move everything in your favor? Even if you are a very well established business owner, a rank “newbie”, or somewhere in between, these seven pillars are for you.
A business is launched by wisdom, not just by a whelm. It doesn't matter if you call yourself self employed or if you are going to work strictly from home. Maybe you just need a few hundred bucks a month and call “it” a side hustle. You might even call yourself an entrepreneur or small business owner and intend to make it your full time income. Regardless, you definitely want to have a balance between your work and the rest of life.
And, you probably want to be successful, by whatever measure you call success. Am I correct? If so, read on.
I AM JUST GOING TO SAY THIS ONCE: take out seven sheets of paper and put one topic (bolded below) at the top of each page. As you think of things, write them under the correct topic. Right now, it doesn’t matter which order you write them down. You can always number them later. It’s okay to right on the back and to even add more sheets to each topic. These 7 pillars are a great way to undertake any situation!
I. ADVANCE PREPARATIONS - What has to be done first? Before you actually step into the business waters? Truthfully, only you can answer this particular question.
A. Do you need to up your training and/or skill level?
B. Do you even have a clue as to what you really want to do?
C. Do you know how to do it?
D. Do you have the right equipment or can you get the right equipment?
E. Have you done any market research? (Is there actually a market for it?) I heard this anonymous quote, but is it true for what you want to do? “I am what someone is looking for! What I do and the services I provide are exactly what someone needs.”
F. Are you going local? Regional? National? Global?
G. Online? Or Offline? Or both? (Even if you only plan to be OFFLINE, Plan, prepare and set everything up so you could easily do both! MOST BUSINESSES HAVE AN ONLINE PRESENCE! Potential customers will look for you online, probably on a mobile device. Make sure they can find you.)
H. Keyword Research so everything is consistent?
II. Orderly Organization - Do you have systems set up? Is someone else going to help with these? Who?
A. Marketing Systems?
B. Accounting Systems?
C. Providing Product or Services?
E. Email automation?
F. Daily calendar that includes time for you to walk away and just be you, not you the entrepreneur?
G. Business model?
H. Exit plan?
I. Local, state, and federal regulations and requirements?
K. If brick and mortar, everything that goes with that?
L. What else needs to be organized in an orderly fashion?
III. Wise Delegation - It’s okay to delegate, but be very, very wise in who you delegate what to! (Poor English, but an awesome, amazing, extraordinary piece of wisdom!!!)
IV. Strategic Communications - Be very focused in your marketing and advertising medias! Think it through and get the best, most consistent return for your time and dollars!
V. Irresistible Invitation -
A. Shock them into attention
B. Offer something pleasurable and beneficial
VI. Leadership & Management - It’s your business, don’t leave it to run on it’s own. Tend to it. Pull the weeds. Care for it. Make good decisions. (Be very, very leery of any claims that you can literally “start it and forget it!”)
VII. Training Information - This seventh pillar, when added to the other six, will carry you a long way. You must provide understanding and knowledge (continuous training) for yourself and any and all team members. Things change! Stay up-to-date in your industry.
Case in Point:
Recognize the IBM name? It became 100 years old on October 19, 2011. What It Used to Do: The company first sold commercial scales and punch card tabulators, and later, massive mainframe computers and calculators. What It Does Now: Software, consulting services, IT services.
Had it not changed and continuously trained (& still does today!), it would only be a current, very distant memory stuck in some musty business school book somewhere on a library’s stack shelf.
This quote paints the picture very well:
“To get out of the MUK, I’m going to need some W.U.K. (Wisdom, Understanding, & Knowledge).” ~ Dr. Dan Cheatham (He is also the one who taught me these business principles.)
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