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It is difficult being an Entrepreneur.

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Manage episode 344066806 series 3275796
Content provided by Wendy L. Shields. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Wendy L. Shields or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

I want to talk about some of the hard things about being an entrepreneur instead of just telling you it’s excellent, it’s terrific. I’m not telling you these things to discourage you. I’m telling you these things to hopefully help you find ways to overcome them or at least to know you’re not alone. My first example is I don’t use credit. It’s not because of the tremendous abundant amount of excess money. I want for my business, and I can’t do it right. I have to wait. The most complex struggle for me is learning to sit back and wait. The only suggestion I thought was a bunch of malarkey, and I’ll be honest with you, I didn’t give a vision board a thought. A vision board opens my mind to see opportunities when an opportunity becomes available. I made a vision board with 12 items on it six months ago. Three of those are happening within the next two weeks. I can see a great possibility of three more happenings within the next three months. I don’t know that it’s because I put it on my vision board, I think it’s more like I was open to it, and those things were constantly in my subconscious mind. My vision boards are my laptop screensaver, so I’m looking at it continuously.

People don’t want to tell you it’s difficult when it’s time to bring on staff. You may feel like nobody can do it exactly as you do. You’re not wrong, and no one can do it exactly as you do. You have to have some flexibility with them, require that you at least get approval before anything significant is publicized or put into action. Ask yourself, can I scale this business to be what I want it to be is still do all those minor components myself. For most of us, the answer is no, which means we do have to start looking at hiring employees, hiring independent contractors, or help in some manner. The problem is we don’t usually hire until after we needed it. At that point, it’s so hard to find the time to train these people. I recommend doing a lot of screen recording when you were doing the work yourself, maybe some voice-over with it, upload, and save that somewhere. When the time comes, you can easily hand that training off to someone else. This action will probably cut your actual hands-on training time down significantly.

I used to have trouble with the erratic income—the $1000 this month, the 10,000 following the 3000 a month after that. I just had to establish a three-month bumper. The first few months I worked as an entrepreneur, I lived on nothing extra until I got myself in a position where I was at least three months ahead. If I had a $10,000 month, I paid my bills, and I might have allowed myself one small treat; everything else needs to go into savings until I have three months’ worth saved up. Later, if I have a $10,000 month, I can make some choices and do other things.

The fact that a lot of us work from home. It is us and our family and friends respecting the fact that t I may be in my house, but that doesn’t mean free. It doesn’t mean I have the day off. I’m still working, just like if I went to an office. We have to be more rigid with ourselves because we have more freedom. A lot of people see us as being available. I could catch myself quickly, but it took a little longer with my family. My kids were toddlers. They learned a lot quicker than their father did.

The fact that there is no handbook, there’s no manual, and so often, I don’t even know what I’m missing. Sometimes I don’t understand what the problem is. I’m going to give an example of my email list; at one point, I was having trouble getting it to grow. I was getting tons of clicks on my free item but no follow-through. Eventually, I figured out I needed a landing page. Issues like I don’t know the point I’m solving without having any guidance. It’s a difficult position.

  continue reading

14 episodes

Artwork
iconShare
 
Manage episode 344066806 series 3275796
Content provided by Wendy L. Shields. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Wendy L. Shields or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

I want to talk about some of the hard things about being an entrepreneur instead of just telling you it’s excellent, it’s terrific. I’m not telling you these things to discourage you. I’m telling you these things to hopefully help you find ways to overcome them or at least to know you’re not alone. My first example is I don’t use credit. It’s not because of the tremendous abundant amount of excess money. I want for my business, and I can’t do it right. I have to wait. The most complex struggle for me is learning to sit back and wait. The only suggestion I thought was a bunch of malarkey, and I’ll be honest with you, I didn’t give a vision board a thought. A vision board opens my mind to see opportunities when an opportunity becomes available. I made a vision board with 12 items on it six months ago. Three of those are happening within the next two weeks. I can see a great possibility of three more happenings within the next three months. I don’t know that it’s because I put it on my vision board, I think it’s more like I was open to it, and those things were constantly in my subconscious mind. My vision boards are my laptop screensaver, so I’m looking at it continuously.

People don’t want to tell you it’s difficult when it’s time to bring on staff. You may feel like nobody can do it exactly as you do. You’re not wrong, and no one can do it exactly as you do. You have to have some flexibility with them, require that you at least get approval before anything significant is publicized or put into action. Ask yourself, can I scale this business to be what I want it to be is still do all those minor components myself. For most of us, the answer is no, which means we do have to start looking at hiring employees, hiring independent contractors, or help in some manner. The problem is we don’t usually hire until after we needed it. At that point, it’s so hard to find the time to train these people. I recommend doing a lot of screen recording when you were doing the work yourself, maybe some voice-over with it, upload, and save that somewhere. When the time comes, you can easily hand that training off to someone else. This action will probably cut your actual hands-on training time down significantly.

I used to have trouble with the erratic income—the $1000 this month, the 10,000 following the 3000 a month after that. I just had to establish a three-month bumper. The first few months I worked as an entrepreneur, I lived on nothing extra until I got myself in a position where I was at least three months ahead. If I had a $10,000 month, I paid my bills, and I might have allowed myself one small treat; everything else needs to go into savings until I have three months’ worth saved up. Later, if I have a $10,000 month, I can make some choices and do other things.

The fact that a lot of us work from home. It is us and our family and friends respecting the fact that t I may be in my house, but that doesn’t mean free. It doesn’t mean I have the day off. I’m still working, just like if I went to an office. We have to be more rigid with ourselves because we have more freedom. A lot of people see us as being available. I could catch myself quickly, but it took a little longer with my family. My kids were toddlers. They learned a lot quicker than their father did.

The fact that there is no handbook, there’s no manual, and so often, I don’t even know what I’m missing. Sometimes I don’t understand what the problem is. I’m going to give an example of my email list; at one point, I was having trouble getting it to grow. I was getting tons of clicks on my free item but no follow-through. Eventually, I figured out I needed a landing page. Issues like I don’t know the point I’m solving without having any guidance. It’s a difficult position.

  continue reading

14 episodes

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