“Whom do you trust?”
The above question was the title of a television show many years ago. It definitely applies to business when choosing partners and helpers. Are you asking the right questions and are you able to sleep at night?
Over the past couple of weeks as well as years, I have heard one horror story after another. The brilliant entrepreneur who:
1. …wanted to expand too quickly left loopholes in their business development plan
2. …had to work 20 hours per day because not enough help was in place for what was promised
3. …gave away stake in the company to be known nationally and soon lost control of his own business
4. …and gave money to people for services badly needed but the trusted help left before the service was implemented.
You can tell all of this would be very unsettling if any of this happened to you. I am not a business plan advisor in the sense of spreadsheets nor a bookkeeper, so I know full well to hire these tasks out. I also know to look at my bottom line before taking on another project and all the implications of further services that may be required.
Another very important piece of advice I read in Loral Langmeier’s book: Separate all personal from business expense. This includes savings, checking, credit cards – whatever you use for business needs to have an account of its own. Too many people wiped out their personal savings on the dream of making it in business, but did not have the right plan in place. Consequently, not only did they lose their dream, they lost their homes.
Due to so much of this recently occurring, I am writing this morning to hopefully forewarn you in time to develop your business s-l-o-w-l-y with all pieces in place before you add new revenue streams. Once you become familiar with the process, you will then be able to steadily move in a variety of complementary areas at a quicker pace.
When you develop a carefully thought out plan, your clientele at large will be attracted to your professionalism and leadership charisma and soon prospects will become clients. It’s all part of enjoying the Smooth Sale!
P.S.
Entrepreneurship is one of the most difficult tasks I ever undertook, learning how to sell was easy in comparison. I do have a new upcoming webinar series that will take you step by step through the process of building a solid foundation, progress to developing multiple streams of income and how to expand your message and brand to the world in easy, logical steps. For more information please visit Smooth Sale Webinars
