Pumped and ready to drop everything and get started with your dream business? You know… the one where you love what you do every single second of the day and get paid for your work while you’re at it.
Or, maybe you have already started that dream business of yours…
And now you’re like…WHAT NOW?
- Where do I go from here…?
- Where would the next client come from…?
- How do I make 6-figures in 6-months with 6 easy steps…?
Sure “Passion” is a good enough reason to start on that idea that you’ve been putting off for years and most of the time, it is one of the main driving factors of success for so many entrepreneurs.
But can you hope to be the next big thing only with passion?
I’m sorry to disappoint you, but NOPE! Passion alone won’t cut it.
What you need along with passion is a step-by-step rock-solid strategy to help you stand out, get noticed and propel your business forward.
And one critical part of that strategy is to be familiar with your NUMBERS.
At any point during the growth of your business when it feels like you have hit a plateau or can’t seem to figure a way out of the downward spiral, you have stop and ask yourself:
- What are my money goals?
- what areas do I need to improve to hit those money goals? (Do I need to polish my skill? Do I need to invest in marketing? Do I need a small team to outsource time-consuming tasks? Do I need high-touch mentorship? Do I need accountability?)
- How much money do I have right now that I can invest to get the help I need?
- Is my offer really fine-tuned to target the right people?
- How many spots do I need to sell to hit my goals?
Figuring out the answers to these questions will give you a clearer picture of whether or not you’re on the right path.
Not only will you begin to understand and see where the problem is, but you’ll know whether you can fix it yourself or you need an extra pair of hands.
I understand, as a small business owner who has a family to look after, responsibilities to fulfill and errands to run, it can be very exhausting trying to strike a balance between your work and family, and take out a chunk of money to invest in your business.
But know that investing in your business is synonymous to investing in your future! Saving money won’t help you grow, on the contrary, it will keep you small and probably stuck.
If you wanna be smart about your investments, you can save yourself a lot of cash and tears by planning what areas you need help with. Whether you need to hire an assistant, outsource those boring admin tasks, or get more knowledge about your area of expertise can actually smooth out the kinks in the your current business.
Talk to people you trust, listen to podcasts by entrepreneurs in the same industry as yours, hire a mentor, and then take notes on how they manage their business and lives smartly.
One step forward to the solution will bring you one step closer to achieving some crucial milestones – eventually helping you turn your passion into profits.