Start Off With 1 Thing

Wed, Jul 30, 2008

Blog

I often run into first time business owners who are trying desperately to break out of their W-2 lifestyles.  In fact, they’re going to try EVERYTHING!  They start a service business (typically taking the skill they are employed for and turning it into something they can be self-employed at), dabble in real estate, set up a website, join a MLM and start selling on eBay.  Or at least, they do some kind of version of that.

If they’re lucky, one of the things will take off.  Otherwise, they’re just scampering around trying to keep too many plates twirling in the air while they’re reading 5 different training manuals.  

Start off with one thing.  Just one thing.  It doesn’t matter which one, but learn it well.  Learn how to create good trails of documentation and write systems.  Learn how to buy, sell, and create value for your customers.  Then duplicate it within the environment you know.  

After it’s on auto-pilot, it’s time to try something new.

I realize that I needed to take my own advice.  Some of my recent changes have been slam-dunks.  Starting a tax practice with Bill was so easy for both of us.  We’d both had and sold tax practices before.  There were some little nuances to work out on how we worked together, but we could short cut most of the conversations because we had experience in what we were doing and building.    

Starting this web challenge was HARD.  I really overcommitted and over estimated what I could do in the short term.  I spent the first 3 months just figuring out the “lingo”.  I found a fantastic outsourcing programmer from Argentina, Jorge Manzitti from BlogBusiness2Days.com and LatAmConnect .com.   And we built some landing pages.  They had some success, but it didn’t kick the cash that I thought it would.

The unexpected bonus was that I’m now meeting some real rock stars in the Internet world.  One gentleman went from zero to $50 million in 9 months.  (Makes my little ol’ plan look small)  Another gentleman showed me how he built a business that gives him $15K+ per month and only takes a few hours a week.  In fact, we’re working right now to systemize that process.  

So, I’m focussing on just two things with my B-I project right now:  affiliate marketing and a referral program that helps business owners build their business.  I’m doing a free teleseminar on the referral program on 8/9.  

 

 

Share this Post:
  • Digg
  • Technorati
  • del.icio.us
  • StumbleUpon
  • e-mail
, , , , , , , ,

This post was written by:

Diane Kennedy - who has written 124 posts on Business To Investment.

More than your average CPA, Diane Kennedy is also an author, speaker, investor, and a highly sought-after tax strategist.

Contact the author

4 Comments For This Post

  1. Beta J Says:

    >>Starting this web challenge was HARD.<<

    I think everyone in the challenge would agree! :-)

    Not only that, but it seems like things take longer than estimated.

  2. Mark Nelson Says:

    I thought your post was about me. At least my wife would think so. My goal was to be able to resign from teaching this year. Great goal but just not going to happen this year. We have put things in place that will take time to build. It is just hard to have patience some times.

    The internet business is harder than I thought so I just have to learn more about it.

    I’m excited for the future and so glad I took up this challenge. Now to organize myself.

  3. Diane Kennedy Says:

    My mantra is “People always overestimate what they can do in the short term and underestimate what they can do in the long term.”

    I’m saying it a lot these days. :-)

  4. Beta J Says:

    >>My mantra is “People always overestimate what they can do in the short term and underestimate what they can do in the long term.”<<

    I like that!

Leave a Reply