It’s the beginning of a new year and many of us promised ourselves to take it to the next level for the new year, last year. This time most of us are ready, some of us have even painted ourselves in a corner to force us to get it done. Commitment devices aside, it’s sometimes hard working for less than we’re worth or those undeserving of our abilities. We have the confidence, the skill-set and some of us even have the money to get started in a our own business. Is now the time to “Quit and Do You” ? This is a Re-broadcast, now seems a good time as any to take a look at some tips on whether or not to jump ship and venture out on your own.
Ep52 Eric B is President, and it obviously doesn’t matter.
In 1986 the song titled “Eric B. is President” was a #1 hit song in the Hip Hop community. At the time it was a strange title, but the title sank in and it didn’t even matter. The Hip Hop community went on to take over the music world and Rakim became one of the most well known and prolific rappers in Hip Hop history -still to this day. He debuted by nominating his DJ for president, that’s 1986, talk about making America great again.
The 2016 election is over and a new president will be sitting in the White House soon. There’s a lot of anxiety surrounding what is to become of the new presidency? So the question remains, how will affect your daily finances, your money, your ability to save and invest because that’s all that really matters. In episode 52, what may or may not be of concern with a new presidency.
Now is the time to get into practice of working on a last quarter EOY (end of year) review of annual goals and a once over of your money situation. This week’s episode focus is on re-balancing the financial snapshot which may include everything from your different types of insurance to investments to savings, credit card interest rates and more. Review your financial picture and bring things into focus that may need a last minute tweaking for staying on point to meet whatever goals exist, while there’s still time to see a difference. Goals can range from reducing credit, credit balances, interest rates or saving enough for a great holiday season. If you have no specific goals, now is also a good time to maybe get some into focus, regardless of where you are, you may want to be better. Review and re-balance inflows and spending. Get On Game and Stay On Game.
Once you’ve got you small business off the ground and are running on all cylinders, now what? Sooner or later every small business may hit a plateau, and no one knows how long this “plateau” may last. That isn’t the time to take the “wait and see” approach, that’s not how real go-hard go-getters and entrepreneurs get down anyway. In fact, that will be the time start considering advanced moves to position the small business for growth. When it comes to growing and moving beyond the plateau nothing but nothing is off limits, everything from guerilla marketing to getting a publicist to revamping the entire business is on the table, you will either Grow or Die. This podcast episode talks about advanced moves to “Grow or Die”. First things first, before making advanced moves, make sure not to get too far ahead of yourself by attempting big moves before the business is stable and ready. How do you go to the next episode?
Thinking about quitting your day job to be a Entrepreneur?
Before you go jump out of the window to start your own business, you might want to tie up some loose ends, and some ends not too tightly either. Quitting your job to do you can be a one of the most exciting moments in a Entrepreneur’s journey, however, your job should be a tool to help catapult you into that space. Your job may not be what’s holding you back, but could be what’s setting you in position. What are some of the very first things you should think about doing if you’re quitting your job and doing you? This episode talks about getting set up before you quit, transitioning and not looking back.
“Big Paulie” isn’t a good choice as a business partner.
Going into business with a partner isn’t much different from choosing a partner in many other areas of life, including marriage. Does your business partner have what it takes to succeed? Does your business partner have business savvy or are they just trying to make a buck and say “look at me, I’m in business”? It’s necessary to have some criteria for choosing a business partner before committing and starting a business, or you may have to see Big Paulie, and you know what that means…
This week’s episode reviews how to grow your small business and not die while still being alive in business. How would you die and still be in business? When year over year and quarter over quarter results are the same, you might have hit a snag or flat spot in your business. Get stuck in that flat spot repeatedly and you’re dead, rather, the living dead …figuratively speaking of course.
Point is, you have to grow your business once its off the ground and moving. Now may be the time to make some big moves. In this week’s episode I discuss 5 big moves that’s necessary to help fight off the rigor mortis that awaits if you don’t get to shaking and moving. Using the strengths of a small business, pivot, pivot, pivot ….Grow or Die.
The Lost Episode. Episode 2. Long winded -but good.
Top Ten Small Business Rules compiled from some successes, (I’ve had a few) some failures, (a few more of those) some consulting and watching others walk over a cliff.
If you’re thinking about getting into a small business or taking your side hustle to the next level, learn the rules of the game. Besides the ultra optimistic, deep seated confidence it’s going to take to get past the detractors and haters you’re going to need to keep it real with yourself. These Top Ten Small Business Rules will help you focus on the important things that are easily overlooked when visionary ideas set in.
As fate would have it of course, Stitcher was down for the next three to four days! this was damn near unheard of, I could just send the link to the blog page and that’s when I realized I was referencing a Podcast that had been recorded, published and never posted. This top ten list is and essential list for anyone even considering going into small business. At least five to seven of these things come up in every conversation I have with someone about getting started in small business. I searched the web blog and the Stitcher page thoroughly more than once, and it wasn’t posted anywhere. I can’t explain the amount of second guessing that came out of this. So even after the Stitcher site came back up… still no link to send. Dang. Stayed up late to record this episode!
Okay, here listed are the Top Ten Small Business Rules (and yes it’s actually episode 2). If you aren’t focused on these, not to say you will fail, but you may damn sure have some serious bumps along the way.
Or, maybe I should put it this way, you don’t learn how to fight by taking punches to the face.
So, the new year is fully under way and you might have decided to make this “Your Year”. This is your year to move from “Side Hustle” to a “Small Business”. If that’s the case, just know that NOW is always the time to make things happen. Once you get going with your small business you’ll figure that out right away. On this episode I touch on few key things to keep in mind for taking the leap. It takes some serious bravery and courage to come to the decision that you can make things happen yourself when everyone else is playing follow the leader. Born leaders find they fit into these shoes quite comfortably, regardless of how many people warn them of how big and heavy these shoes are.
However, be not blinded by your own fervor or monies, due diligence is still a requisite practice as it relates to getting your finances in order, credentials and meeting regulatory mandates. Don’t skip the business plan either no matter how difficult, no need in taking a long trip with no road map. The more planning the better the possible outcome, and you understand possibilities over guarantees because that’s the nature of business. Many folks are stuck on the fence and forever will be as they are waiting for some magical unicorn with a flashing sign stating “Guaranteed Success” before reaching out on their own, watch out for them, they’re a bit contagious. A true entrepreneur probably won’t get caught in this pipe dream, especially one that has primed the market as a side hustle all along before leaping.
Are you a business owner or did you buy yourself a new job?
All too often we want to pick up and take our skills to market for ourselves to start a new business and make all of the money for ourselves. We decide that we can do it, we can just do it all and leave our jobs to do just that. Take the skill-set you have (doesn’t matter whether you’re a cook or an accountant it’s the same approach), add a little money and “BAM…” you’re in business for yourself. No more reporting to that boss who isn’t half as smart as you are. No more doing the work for everyone else to get the credit and the money. Considering you are at the heart of the business, the heart of the productivity, basically you are the business right? Well, not so fast… Before you go that leap into business first consider if you are taking a leap to go start and run a business or just to buy yourself a job, in which case you are simply “self employed” in the truest sense of the term. Meaning you’ve secured yourself employment, about that business part …well being a business owner is actually something else entirely. There are a few simple questions to ask yourself to get some clarity on it all too. First question: Can the business run without you being there to produce or overseeing the production? Right there, that should help put it in perspective for you. Today’s podcast talks about identifying the differences and transitioning into self employment, owning or running a business.