entrepreneurs and chasing dollars

Entrepreneurs and Chasing Dollars

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Many entrepreneurs are doing one of two things….

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They’re either riding the hamster wheel, or they’re frozen and

standing still.


Neither equals a profitable business.


Entrepreneurs and the Proverbial Wheel of Doom


If I can share one bit of wisdom it’s don’t chase dollars! It’ll

never work.


You’ll never feel like you have enough. So you just keep

chasing it.


Something else an entrepreneur does that’s chasing the dollar is

they ride the hamster wheel.


They ride it so much in fact, they think that’s how it’s supposed to

be – mainly because they’ve never experienced anything else.


So they go round and round and round – they’re working hard, but they remain in the same place.


If you’re chasing dollars, you’re never really focused on the big

picture, the work that really needs to get done.


Habits of a Profitable Entrepreneur


Here’s the 4 steps I use in my practice to teach entrepreneurs

how to stay off the hamster wheel and be profitable in their

businesses.


1. Declaration of Intent


What are your intentions with your business? Is it to free

yourself from a job you hate?


Become wealthy? Perhaps just have a secondary income

resource?


Whatever the intent is – declare it. Say it out loud, own it and

commit to it.


2. Put a Dollar Sign On It


Whatever intent you declare, follow that up with a dollar sign.


How much will it take? If you want to become wealthy for

example, what does that mean to you in specific terms?


If it’s secondary income you seek, how much do you need?


Write that number down for you and everyone to see. You can’t

own what you don’t make known.


3. Treat Yourself Like an Employee


Now this is probably the hardest part. It’s been my experience

(personally and from others) that many entrepreneurs have a

sense of entitlement.


Once they’re freed from the cube they feel like they don’t have to

get up at certain time anymore – or answer to anyone.


Not true! If you want to make money in your business you must treat your business like it’s a real

business.


4. Develop a Plan of Action


Once you know your intentions, you know how much money you

want to make, and you’ve developed a working environment

– now it’s time for ACTION!


Develop a step-by-step plan that gets you to where you need to be. How many clients do you

need?


How much activity will it take to get those clients? How much

revenue do those clients represent?


Are you growing your list? How are you getting the word out?


These are the types of questions that need to be answered to get

you to where you want to be.


These are the traits of entrepreneurs that are successful in their efforts. Adapt to them and

you’ll succeed at anything! Cheers!


If you need some help picking a niche market I just launched a new

training product that will tell you how to make that choice step-by-step. It’s

absolutely FREE.


Click here to check it out.

http://perfectmarketingequation.com/howtofindyourniche

Visit my website for more entrepreneur training courses.

www.perfectmarketingequation.com


http://www.perfectmarketingequation.com/

If you’re bootstrapping a business and need a roadmap look up my

book, Yanking Bootstraps, on

Amazon! It’s a short but powerful read that will give you strategies

to use right away in your business.


Connect with me!Twitter -@thawkbridgesFacebook - www.facebook.com/TammyHawkBridges


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I hope you found this slideshow helpful in your business please visit me at perfectmarketingequation.com for marketing training and educational information for entrepreneurs.

Tammy Hawk-Bridges is an author, entrepreneur mentor and marketing strategist. She provides education and marketing training for entrepreneurs. Connect with her on Twitter @thawkbridges.

entrepreneurs and chasing dollars

Small Business & Entrepreneurship