What should I think about? - 41/101 Entrepreneur Questions and Answers

This is an except from my book: 101 Entrepreneur Questions and Answers.When you are an entrepreneur you often find yourself thinking about your business, successes, mistakes, lessons, knowledge, etc, most of the time. You never truly switch off when you are an entrepreneur- it is the journey and progress towards a better life.Here are some key things to think about and be conscious of:Think about your customers.What problems are they having with your website or with your sales funnel? How else can you help them? Who they are? How are they going to find you? Why should they care about you? What other problems are they having?Remember: the more problems you and I solve, the more you are paid. When you solve more problems, specifically for your customers, and are better at solving problems, we are rewarded by our customers. How else can you and I be of service to our customers?Becoming better.We are a lifelong learning machine. We always want to be correcting our mistakes, learning new things, expanding our comfort zones, learning new skills and going to bed wiser than when we woke up- this is how we get ahead.Identifying ways you can learn more things and correct your mistakes.It is hard, but important that you and I are humble enough to know when we are wrong are humble enough to admit that, and accept where we went wrong. Being humble and willing to accept criticism helps us to become better.How to increase your income?There is nothing wrong with earning more money, but as entrepreneur you and I need to be increasing our income until we are happy with our income or we no longer have a desire to increase it. Remember that we become less happy as we earn more than $75,000 a year, because at this point all of our basic needs are met and we then we begin to have different needs and priorities.You and I want to be increasing our income by diversifying the income streams: book royalties, business income, dividends, investments, etc. Because you don't want to rely on a single income, in case if anything happens to it- something that is out of your control.What are you doing now to increase your income? How much do you want to be worth when you retire? This is important because it is worth having a strong end goal to aim for. Start with the end in mind and reverse engineer your way there.How can your business create a better lifestyle for you?I realised recently that there is no point in having a big , successful business if neither you nor I have the time to enjoy the fruits of out labour. You and I need to work towards creating a good lifestyle from our business and have our business wrapped around us, not the other way around. Otherwise you are then working in your business rather than on.Question of the day: What are you focusing on? Why?
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Published on October 01, 2017 01:01
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