How to: start a business without quitting your full-time job.
All too often, people look at entrepreneurism as a huge gamble. You have to give up all of your financial stability to start your own business – right?
Actually, it is possible to start your business while still working full time, you just have to make sure you handle it well. When you keep your full-time job, you can leverage your bosses and colleagues for professional advice and, obviously, keep a paycheck coming your way.
How do you get the best of both worlds? Start a business while working full time by following this guide.
- Be Honest To Your Company: It’s not just unethical to do work for your new business while you’re on the clock for your current company, it can also have far-reaching negative implications. For starters, you can get fired. Even more problematic, though, is that your company can claim ownership of anything you did on their time.
- Be Honest To Your Supervisor: It might seem risky to tell your supervisor that you’re planning to start your own business, but it’s much better to have control over how he or she finds out than it getting to your supervisor through the rumor mill!
- Be Honest To Yourself: Don’t burn yourself out. If you’re feeling exhausted working full-time, then coming home and plugging away on your new business, let yourself take a break or get the help you need. If you burn yourself out before you even get started, your business will struggle.
Are you thinking of starting a business? If so, don’t wait to contact Mike Stromsoe’s Unstoppable Profit Producer Program! We have an extensive wheelhouse of guidance to help you work less, earn more, and enjoy life! If you’re hungry for more training, mark your calendar today for our San Diego, CA “Leave No Regrets” boot camp in November!
Your guide to creating the right team for your start up.
In big business, people can get lost in the shuffle. If one person is inefficient, odds are there’s another individual who can pick up the slack. That’s not the case in a start up, though. In the same way you value every dollar that comes through, each member of your team is crucially important.
To help you put together the best, most productive team at your start up, here are just a few things you should do.
- Choose The Right People. We know you’d love to pick your friends, but don’t – unless your friend is already highly trained and deeply passionate in your specific industry. When you’re getting started, imagine each team member as the head of a future department, and pick a person who has the drive, focus, and skills to build out that department for you.
- Empower Your Team. Once you get the right people together, be flexible with them. Since you have a vision for your start up, it can be tempting to micro-manage. Don’t, or you will not just annoy your team but you’ll also limit their productivity. Empower them to work how they work best. For example, if one of your team members is a night owl, let him or her shift hours to work later at peak productivity.
- Don’t Be Too Involved. Similarly, you’ll probably want to hold a host of staff meetings and offer guidelines every step of the way. The problem, though, is that your team’s time is precious. Those little interruptions add up and detract from their ability to get stuff done for you. Stop bugging them unless it’s absolutely necessary! Trust us, an email will suffice.
Do you have more questions about building the best team? If so, contact Mike Stromsoe’s Unstoppable Profit Producer Program and attend our “Leave No Regrets” boot camp in San Diego, California. We’re dedicated to helping business owners work less, earn more, and enjoy life!
Want to get more business out of LinkedIn? Read this!
Nearly three out of every four marketers use LinkedIn, and one out of every five say it’s the absolute most important form of social media they use. Does this surprise you? Lots of people see LinkedIn as a means to, well, link in with their business contacts, but don’t use it for much else.
In fact, though, LinkedIn can be a powerful tool for creating more business – you just have to know how to use it! Here are a few tips to get you started with leveraging this social media platform.
- Get Set Up: No matter how hard you work on LinkedIn, if your profile and business page are lacking you’re not going to look legitimate. Use keywords in your profile and business page description, make sure you’re actually active (liking other people’s posts just isn’t that hard), and share relevant content.
- Get Personal: Stop sending the generic “I’d like to connect with you on LinkedIn” message. Replace it with something personal that will encourage that individual to take action. For example, “It was great to see you at X networking event! Lunch next week to talk more?”
- Get Help: LinkedIn has built in tools to make your life easier. Use them! Their Marketing Solutions suite has Sponsored Updates that populate to the site for users you’re targeting, a Lead Accelerator to populate possible leads’ (i.e. people who have visiting your website) pages with those customized Sponsored Updates, and Sponsored InMail to send emails to prospects who are active on the site.
To learn more about how your business can leverage LinkedIn and other digital media to see success in 2015 and beyond, contact Mike Stromsoe’s Unstoppable Profit Producer Program. We’ll be offering even more information on these types of topics at our November “Leave No Regrets” boot camp in San Diego, California. Don’t miss it!