When it comes to profits, the small business owner usually thinks that more time would mean more profits. Have you ever thought to yourself, “There simply aren’t enough hours in the day?” I have a new approach to finally achieving more time in your day. Here are the facts: To a small business owner, TIME is both the #1 commodity as well as the #1 asset. You cannot buy time, and despite many proclamations to the opposite, you can’t even save it. It passes, unrelentingly. So your most important use of your most important commodity / asset is simply how to SPEND your time.
Small business owners are working more hours, even 7 days a week, leaving them less and less time for rest and relaxation. How much, in actual dollars, do owners value an extra hour of time per day? Surprisingly almost over a quarter of small business owners, unscientifically surveyed, placed that value to over $500 per hour! From a burn out perspective, owners cannot keep up working 70, 80 or even 90 hours every week.
Over half of small business owners consider “not having enough time to get everything done” as the #1 difficulty in running their business. It is a huge statement that business owners think the difficulty of finding time is higher than making the business profitable, staying ahead of the competition and managing the employees all together!
Making a small business profitable is an ongoing goal with no time limit, but wearing many hats and filling employee roles everyday is damaging to the small business owner’s control of goals and profits. From waiting to receive information to inefficient coordination; from having to deal with a bulging e-mail inboxes and breaking down barriers which halt collaboration, small business owners are endlessly impacted around their time. Let’s not forget the latest addition in the long list of destructors: texting!
There is a different way to approach this thirst to “have more time,” and the answer is not complicated and highly attainable. The international speaker and best selling author as well as the Sustainable Transformation coach, Sally Anderson is promoting this simple, yet attainable and sustainable approach. Small business owners usually operate in the world of “want” and not the realm of “commit”. Admittedly, the world of “want” has led them nowhere. Living in the “I want more time” world will just continue to be a terrible waste of energy and the reason of an enormous stress.
This is simply a call to action: If you want your wish to come true, start operating in “commit” and leave “want” behind forever. Only when you are committed to having more time, will you make the tough choices are priorities. Then they will experience feelings of rest and relaxation (a foreign realm for many small business owners), which in return will enable them to enjoy their small business – something they’ve probably devoted 110% of their lives to.
Let’s start right now: You cannot find a better place to start your new ‘committed” world then by defining the length of your work day. Commit to having a beginning and an ending to your day. Exceptions will happen; falling off the wagon is possible. Consider only staying in that “out of commitment” state for the shortest time possible. Shake it off and jump back into the world of “committed,” where results are the only option to achieve.
Donna Marie Thompson, PhD
Creating your best profit is my highest priority.
PS: For more information please click here and get my free Special Report: “3 Profit Pitfalls and How To Avoid Them.”
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Donna Marie Thompson, PhD is a two-time best-selling author who has spent most of her career in international management consulting. She has helped businesses meet their goals and profit targets under challenging circumstances. She was a Director at Price waterhouse Cooper’s Consulting, and has worked at Booz Allen, as well as local consulting firms. This wide range of experience in businesses of all sizes uniquely qualifies Donna Marie to guide you to discover the hidden profits in your small business. for more information, visit: http://www.expertprofitsolutions.com