Building Your Business, Time vs Money
Building Your Business, Time vs Money
If you are like most people you have an aversion to spending money unless absolutely necessary. Having said that it is also a reality that most people do not have enough time available to build a business the way it should be built.
Whether it be time or money it is a fact that the less of something you put into your efforts the less you get out of it. This holds true in business as well as in your personal life.
To start, set down a goal, you have to know where you are and where you are going. Goals should be realistic and achievable and just outside of your comfort zone. You need to reach beyond what you know can do, to a point that you want to reach.
Once you have defined your goal you will need to set out the steps needed to reach that goal. Make the steps firm and definite benchmarks that you can use to verify your progress. EXAMPLE… 3 months for today, on DATE I will have an income of $AMOUNT per day from weekly ad campaign(s) running in LOCATION(S).
Based on the time and resources you have available to you it is necessary to decide whether it is most cost effective for you to buy the needed expertise to work your business or to learn it yourself.
With money you can hire copy writers, website designers, coaches salesmen and even complete systems to do all the ad and follow up work necessary to build your business. These days two thousand dollars USD can get you started in any number of businesses like that.
Without the money the road is a bit slower and a lot more learning intensive yet no less doable. Set aside time daily to learn, join forums and ask questions from other business owners. Acquire the books, manuals and training tools necessary to that learning and in general become the expert you need to be to make it happen.
If both time and money are in short supply a bit of creativity may be necessary as in perhaps you have something or some talent to barter in exchange for help from someone else or in the reduction in the costs.
Think of it like this… 40 hrs a week for 40 years in the hopes that there might be something there for you when you get there. OR 40 hrs a week at work and 40 hrs a week for your own business for 5 years and a retirement where you set the minimal income per year.
Which would you prefer?
NOTE:- If you like my writing I post daily to my blog www.theprimusreport.com
All links to follow me on other networks are there as well,
Also complimentary copies of most of the books I write.
And links to Proven Paying Programs, Tools and Advertising sources
Post Your Ad Here
Comments (13)
Frank3
I like this.Good Informations.
Glenda P.5
Admin Assistant
very interesting article.
Udo Hoffmann14
Erudite polymath
Very succinctly put Ernestine a point I missed in my lesson... will have to amend that...lol
Ernestine Emery6
Internet Marketer
This is a good article - I know one of my failings is writing down my goals. I have always hated to sat down and write out goals. I know in my mind what I want but putting it on paper is something else. Also time verse money It takes a little time, but there is some great site out there on the internet that will teach you and not cost an arm and a leg as they say. There is also some sites they really do not cost, but needs your time. I guess it comes down to "which to you have the most of
Udo Hoffmann14
Erudite polymath
Thank you all for the kind words, this is what I do :) P.S. all contact requests are approved
Rosyel S.10
Financial Advisor, Blogger
Very nice article and helpful too! ^_^
Kestutis Danielius6
non
with google adsense
Marian Frances F.5
Online Marketer/Networker
this is great article..
Aamir M.4
Leadership is action, not position
So True, there is no success without having clear goals in your life. If you want to get fame and fortune at the same time ... YOU must think big and should have a clear picture of what you are going to do next ... and stick to your plan and do it ... Great businesses are made great policies ... Unless you arrange yourself in what you are doing you are lost ...
Thanks for such a wonderful Article Udo Hoffmann ...
Ray Van7
Marketing Success Coach & Entreprenuer
Very nice article with lots of information for both new and seasoned marketers.
Jeane jully Wullur1
cooperative
thank you with your experience that could teach me to rise from now on
Dave Saunders10
Internet Marketer
Very nice article with lots of information for both new and seasoned marketers.
Hieu Tong5
Online MLM
great lesson.
thank you.