Start My Business E-Course Sampler - Part 1
Welcome to the 'Start my Part Time Business' eCourse from My Life Coach.
Get this e-course and many others for free when you purchase Life Aligner Pro - available from www.greatgoalsetting.com
for only £19.99 or $34.99
So you are interested in starting a part time business? Having a part time business is a great way of topping up an existing income. Even just a modest income from a business can enhance your lifestyle significantly enabling additional holidays, paying the mortgage off early, other treats or that great feeling of financial security.
Most people start thinking about what type of business they want to have before they are clear about what they need from it. So let's start at the beginning. What exactly do you want from your business? For now, forget about how you will get it. What exactly do you want from your business?
I want to share a list of questions for consideration with you. This list is not exhaustive and I am sure that you can add to it, but for now have a brief think about each point and how that relates to what you want.
- How much money do you want to be able to extract from your business in six months, one year and three years from now?
- How many hours per week are you prepared to invest and when can you invest them?
- How much are you prepared to invest into your business financially?
- Where can work on your business - will it be a home based business or are you prepared to travel?
- If you have a day job, will this impose any constraints?
Getting answers to these questions up front is critical. I work with so many people who launch straight into creating a business or looking at options for a business without considering specifically what they want from it and what their constraints are. Unfortunately, the sad truth is that a high percentage of businesses fail due to not considering these basics.
I always tell my clients that a good carpenter measures twice and cuts once. What I mean by that is that it helps you tremendously if you put some thought and planning into your ideas before jumping in head first.
OK - so here are your two actions, which I would like you to have completed within the next five days.
- Answer the five questions I have asked you above. Spend at least five minutes thinking hard about each question. Write the answers down and ask yourself to reflect on them over the next couple of days.
- Two days later I would like you to revisit these questions. Review your answers and ask yourself whether you feel they are valid. Challenge yourself. For example, if you say that you are prepared to work ten hours per week on your business ask yourself when you will make the time.
Being honest with the answers to these questions is essential. If you have any concerns they need to be addressed and thought through at this early stage. You may find that it helps to bounce your ideas off a friend or family member.
Remember to consider how other more important areas of your life may impose constraints. For example, when considering the amount of hours you have per week ensure that you consider everything else that you have going on.
I recommend that you spend around one hour on these actions. It is important to give these points some real thought and focus. Your next bite sized email will appear in your inbox within the next few days.
Also, if you would like to chat through any concerns or challenges via email feel free to drop me a note. You can send me the results from your actions if you wish and I will provide you with some feedback.
Get this e-course and many others for free when you purchase Life Aligner Pro - available from www.greatgoalsetting.com
for only £19.99 or $34.99
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