Posts Tagged with “entrepreneurship”

Self-employment is a license to say NO

shutterstock_18863395

Many people go self-employed and gleefully say, “look at all the things I can do.” Self-employment offers the freedom to say YES to all sorts of interesting projects that they wouldn’t have time for with a full-time job.

But the true freedom offered by self-employment is the ability to say NO. Now you can choose to avoid mediocre projects, uninteresting obligations and avoid the drudgery of chores you had no choice but to do when you had a job.

Your time is precious and irreplaceable, so you should absolutely be saying NO more often than YES. Now you can focus your time on the projects that actually excite you, your family and loved ones, your calling – i.e. the stuff that truly matters.

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Running your own business feels like dodging trains

Subway Surfers by Kiloo

Subway Surfers by Kiloo

I’ve been playing a game on my iPad called Subway Surfers (it’s available for Android too). In the game you control an avatar running along the train track. You have to pick up trains, jump over barriers, and dodge trains! As you progress the speed increases so you’re almost flying past the tracks and trains. Sooner or later the inevitable happens – you smash headlong into a train.

It occurred to me today that running your own business feels like a lot like playing Subway Surfers. You’re constantly chasing your paycheck, you dodge problems after problem, but inevitably you smack into one. In the game, you can simply restart but in your business you’re going to waste time, lose money or worse – your reputation.

Moral of today’s random musing: Practice running your business, not Subway Surfers

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Bill Erickson shares a few thoughts about the benefits of running a consulting / service-based business. His post is in response to the notion that product-based business models are more scalable and therefore profitable.

Bill covers the pros and cons of the consulting business model, and what people frequently forget when thinking about product-based business models. One thing resonated with me:

As a service provider, find the more scalable aspects of your business and focus on them. Likewise, find the aspects that are less scalable and decrease your focus on them.

This is something that I’ve been working on at ClickWP. In service-based business models, decreasing focus on the less scalable aspects are usually handled by automation. However it’s important to remember not to automate too much because your business will become cold and your relationship becomes transactional, when customers frequently choose you over other vendors because of that high-touch relationship.

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Mobile office? How about Mobile Business?

Portable business

Laptop + hard drive + internet = everything I need to run my business.

Also enjoying my holiday very much

Corbett Barr has got a great overview of the different revenue models for the type of business I want to run – small, lean and profitable.

I’m trying to go for a mixed model of selling (digital) products and providing services. At the moment, I’m focusing on my online marketing coaching. I’ll hopefully have some products to announce soon.

In the meantime, be sure to bookmark the article: An In-Depth Guide to Online Business Revenue Models for Lifestyle Entrepreneurs

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Book Review: Career Renegade by Jonathan Fields

Before you say anything, yes I know I wasn’t looking directly into the camera. I was looking at the preview, which was just to the left of the lens and didn’t think it would be so obvious. Besides that, I would love any more feedback you may have about the review.

Book Info

Author: Jonathan Fields – read his blog, or follow @jonathanfields on Twitter

Book Website: CareerRenegade.com

Buy the book from Amazon.com

Career Renegade by Jonathan Fields

When you buy the book with the link above, I get paid a small commission by Amazon–thanks!

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Zeldman on self promotion

Zeldman on self promotion:

If you believe in what you do, and if you’re doing it for real, you must find ways to let people know about it.

Bookmarking this great quote

6 weeks in

It’s been roughly 6 weeks since I’ve started up Buzzmedia again. This is a post to update you on what I’ve been up to and try to explain what it is that I do (since lots of people don’t understand).

First, God has been good in providing me with a steady stream of projects so that I don’t starve to death. In fact, my income for July was almost equal my last drawn salary at AGENDA. Encouraging, but still a long way to go.

Second, I will not attempt to explain what is it exactly that I do for a living now, with examples from the past 6 weeks. Read More »