The 2 major things that have held me back in the past when it came to growing my businesses were:
#1. Spending a LOT of time working on things that weren’t affecting my profit margin
#2. Avoiding making decisions about my business and then following through on them
Please don’t make these same mistakes!
I would not wish my several years of floundering on anyone.
So how do you know if you’re working on the wrong stuff? Building a business takes time, right?
Yes and no.
I would argue that you should know pretty soon into testing whether somethings going to work or not.
There’s obviously exceptions like search engine things, which take months upon months to work (if they ever work). But would you want to base you’re business’ success on something that risky anyways?
My weaknesses are:
– creating elaborate business plans 6+ months down the road (I do this to avoid making right now decisions that matter)
– spending hours on design like pins, graphics, schematics (I do this because I want to make sure I’m seen professionally and I love design so I’d rather do that than create quality content, which I find stressful)
– going OCD on my blogs and changing layouts so that my posts are all structured the same way (again, because I’m funnelling anxiety about doing the real work into busy work)
Whenever this starts to happen, I have to tell myself to stop and just take a break. After at least 1 hour (usually I need more) of doing something fun and totally unrelated to work, I’ll schedule 30 minutes of time where I have to do the #1 thing that I know has the best chance of making money for my business soon.
For me that’s product creation, building out an affiliate campaign or researching promising stocks. It’s also sometimes making those really hard decisions of what I’m going to try next if my last x attempts have been unsuccessful.
This happens a lot when I’m building out campaigns. 5 in a row won’t work and then I have to really take a step back, reflect on what I’ve done so far and think about what the next steps should be.
What I want you to do right now is schedule 30 minutes (yep, just 30) tomorrow to work on your #1 thing that’s the most likely to make you money the soonest. After you work your butt off for those 30 minutes, then take at least 2 hours to do something you love.