During a recent coaching session with Mark, I was briefly reminded of how it feels to give your all to your business and have it spit in your face.“I just don’t get it! I’m putting all my time and energy into this business, and I’m still scraping by. I’m so tired of fighting to ‘just to make it’ but this is what I really want to do.”
“Tell me about what’s happening in your life,” I inquired.
“My wife says I’m spending too much time working, and I know she’s right. But I also know that I’m
one who is responsible for paying most of
bills. As it is, I’m probably working 80 hours a week.”
“I really want to spend more time with her and our son, but if we’re barely making it now, I can’t imagine what would happen if I slowed down. I’d lose
business for sure. What I need is more time, not less.”
Oh, it was terrible to hear Mark experiencing such pain. It brought back all of
feelings I had also experienced during
first years of my business several years earlier.
He had fallen into
same trap that many of us do. He believed that his degree of business success was directly related to
number of hours he put in. And, I knew, that until we altered that belief, he would never be free to achieve great financial success and to enjoy
freedom that
life of a business owner can provide.
Somewhere along
way, many of us pick up
perceived connection between time and results. Yes, it’s true that if you spend 10 hours a day practicing piano that you will likely be a better performer than if you spend 5 minutes a day. And that same logic might apply to specific skills you use in your business. If you spend 4 hours every day doing anything (creating graphic designs, writing press releases, writing sales letters), you will undoubtedly develop your skills.
But, in an endeavor like business, success is based on much more than
total amount of time you put in. It’s based on what you do during that time, what skills you have, what customers want, how you present yourself, what you charge, how you market your business, etc.
Some things in life are easy …
Staying Thin = Eating Well + Exercising Baking Cookies = Measuring Ingredients + Following Directions
The stinker part about running a business is that you get out what you put in. And, it’s not easy to figure out what
monster wants to eat – but that’s your job as a business owner.
If you spend countless hours networking at events that don’t yield results, you are adding time to your week. If you re-create
wheel every time you have to put a proposal together, you are taking up time that you could be spending on other marketing activities, taking a lunch break, spending
afternoon with your spouse and kids. If you are starting numerous projects without bringing any of them to completion, you are wasting time spinning your wheels rather than profiting from one of those great ideas.
You see, it’s important that you know where your time is going, what results you are getting from how you spend it, and what price you are paying (both professionally and personally) for spending so much time in your business.