Season 6 – epiBLOG 19:
I hope you took the opportunity to vote today! It’s important to let your voice be heard. Even though it’s not a perfect system or country, I’m still very proud to be an American and proud that I took the time to let my voice be heard at the polls on this beautiful day.
Just like democracy, business isn’t perfect either. What’s important is that you do your part to make it work as successfully as it possibly can. And when it’s not going in the direction that you were anticipating, as an entrepreneur, it’s your job to step back, re-evaluate, and re-group so that it can move in the right direction. Always place yourself in the driver’s seat in both life and business so that you can consistently take action to create what you’re wanting.
Today’s topic is to take the driver’s seat in your business.
Being in the driver’s seat means being in control. You don’t let the economy, a headache, or anything hinder your success or control how your business is run. You may have temporary setbacks along the way to any of your goals, but remember… they aren’t permanent.
The following are actions that I take so that I can be in control of my business, and I’m hoping that you will benefit from this advice as well. Just keep in mind that you need to consult a licensed/certified accountant, financial advisor, and/or attorney to get the advice that you need for you and your specific business needs.
Driver’s Seat Actions:
In the area of business relationships, consistently connect with new people while nurturing the relationships that you’ve already created. You have the ability to connect with a countless number of people through all social media platforms, networking groups, networking events, and just social settings in general. Reach out to people and be sincere. With relationships that you’ve already established, set up time to have coffee or a phone conversation so that you can get the opportunity to know others in your social networks. Sincerely get to know them so that they aren’t just a name, a face, and another number.
In the area of business education, set aside 5%-10% of your earnings for entrepreneur audiobooks, books, seminars, and workshops. As an entrepreneur, you have to constantly learn and grow. Using the excuse that you don’t have the money to further your business education is something that only a failing entrepreneur would say. The successful business men and women are reading and listening to audiobooks constantly. No excuses.
In the area of money, after you set aside a percentage of your business earnings for taxes in an account, set aside 10% of your earnings just to spend on whatever you want to spend it on. This 10% is your personal money that you don’t need to feel guilty about spending on yourself. Secondly, place 10% of the remaining earnings in a bank account labeled “long terms savings for investing” and another account labeled “savings for spending.” The former account is money that is not to be touched until you are ready to make an investment that can create passive income for yourself. The latter savings account is more about setting money aside to ensure that you have money for unexpected challenges and expenses. I got these ideas from T. Harv Eker’s audiobook The Secrets of the Millionaire Mind.
In the area of goal setting, determine what it is that you want, the time frame that you would like to achieve it, and the actions that you would need to take in order to reach the goals. Be specific and readjust accordingly. Make sure the goals you create push you outside of what’s comfortable, but at the same time are achievable with your current mindset.
Today’s LESSON is to ensure that you remain empowered as an entrepreneur.
FUN ASSIGNMENT: Commit to a specific time, and read The Secrets of the Millionaire Mind by T. Harv Eker and The Millionaire Fastlane by MJ DeMarco. You can also listen to the audiobooks each time you get in your car. Sometime to think about. No excuses.
Nitara Osbourne owns The Infinite Writer Agency, LLC, which provides content to producers, publishers, and entrepreneurs seeking help with developing their life stories into nonfiction books and movie scripts. Ghostwriting and content writing services are provided for clients as well. If you’re an accomplished entrepreneur, and are looking to tell your story, contact Nitara Osbourne. InfiniteWriterAgency@gmail.com.