Sunday, March 10, 2019

6 time saving hacks from Robin Farmanfarmaian




“Show me your calendar and I will show you your productivity, actions and goals!”Says my friend Robin Farmafarmaian.


She shares with us the 6 time hacking tips to avoid procrastination that she shared with Forbes https://www.forbes.com/sites/forbesbusinessdevelopmentcouncil/2019/03/06/six-tips-for-getting-the-most-out-of-your-business-day/#3ecf5c773b61



1. Block off time for you 


69-90 minutes -  This time is to read news, reply to work emails, and sort your business calendar. 


60 to 90 minutes - for your daily excercise (yoga, Gym, Pilates, walling) - this will get you focussed for the rest of the day. 


2. Remember: copy-and-paste is your friend.

Copy-and-pasting can save you considerably more time than you think. Keep a spreadsheet or document up to date with templated language for bios, descriptions and more, then use it to streamline your business language and marketing materials. I keep a Word document open with general copy-and-paste language that I use frequently. 


Ivan’s Tips :-

  1. on your phone use your standard templates in notes 
  2. On your phone - go to settings / keyboard / text replacement - create a code and put in standard templates - so when you type the code, the standard template pops up! 


3. Use the 90% rule.

Perfection is the enemy!! As a startup and an entrepreneur - if it’s 90% done, it usually requires a significant amount of time and resources. As Silicon Valley VC Reid Hoffman famously said about startups: “If you’re not embarrassed by the first version of your product, you’ve launched too late.” 


We cannot afford perfection.


Remember the Pareto Principal - 80% of productivity tends to come from 20% of the input.


4. Make fast decisions to seize opportunities.

Delayed decisions lead to inaction, which can lead to lost opportunities in the world of business development.


When you’re having trouble with a decision at work, try using this worksheet to organize your thoughts and direct you to the right answer. Set a timer for five minutes.

• What’s the decision you need to make?

• What other things do you need to consider?

• If you decide to do this, what would be the immediate consequences to your business?

• What would the potential consequences be of delaying the decision?

• What’s the best business benefit that could come from your decision?

• What fears or anxieties do you still have around your decision?

• Write your decision here.


5. Use the five-minute rule to create habits.

When you want to create a new habit, you can commit to doing it five minutes a day for one week. 


Then gradually add minutes. Go to 10 minutes per day, then 15 minutes per day. By starting small and gradually increasing your commitment, the task may be easier to accomplish. 


Because I’ve found that the first two minutes of doing anything are the hardest, you may find you greatly surpass five minutes during that first week. You can always fit five minutes into your workday.


This works for anything you want to turn into a habit or change at work: Imagine you want to get a promotion, and in order to do so, you need to learn a new skill. 


Commit to spending five minutes a day learning that new skill and gradually increase the time. That makes it easier to slip into the habit. This also works for business writing, especially if you have just decided to start publishing articles and sharing your professional knowledge but aren’t experienced at writing yet. 


Doing it for five minutes a day can be a great jumping-off point because it is a small commitment to do something that is initially difficult.   


6. Finish the small task.

If a task takes less than two minutes to complete, do it now. In your personal life, instead of putting your dirty dish in the sink, rinse it and put it in the dishwasher. (This will make your partner v. happy) 


Professionally, instead of letting your inbox pile up, respond to as many emails as you can from clients or employees in two minutes. This rule of mine is why you’ll sometimes get immediate responses from me through email and text. 


This goes for any of those small tasks that pile up on your desk and create a cluttered work environment. This concept can be crucial in the world of sales and business development, especially with smaller tasks like recording contacts and following up with leads. 


When you take immediate action, it doesn’t pile up on your to-do list and you save time in the long run. 


What works for me is thinking or saying the mantra “finish the task” whenever I am about to become lazy and push the tiny task to “later,” where it can pile up with other tasks and be much harder to finish. Saying those three words can be enough to motivate you to do it now.


What are some of your time saving hacks 


Ps - here is a YouTube video that came up while researching https://youtu.be/mSi2iYfOWn8 - it’s pretty cool 

Saturday, March 9, 2019

Why are you in business




Krista Mollion reminded me to relook at why I am in business in her article the #1 business killer every entrepreneur must avoid! 

https://www.linkedin.com/pulse/scarcity-mindset-krista-mollion

It’s about financial freedom

Everyone knows that Finance is the heart of any business. You go into a business with the goal of making more money now and in the future 


It is not about money or wealth. It is all about financial freedom, business health, and mindset. Ultimately, it is about living a live where you don't have to work sixty hours forever if you don't want to.


If you are just working in your business, then you are no business owner. 

You are an employee of your business, a slave to your bank, your clients, and your bills and financial obligations. 


Working on your business means knowing not only what it looks like now but what you ultimately want it to look like. 


If you have built your business on something people truly need - and defined the audience who wants it, sales will be easy. If you don’t have time for sales, there is a huge problem. 


Breaking even is not good enough - the business needs to grow and scale. 


Why businesses fail

No one really knows how a business is doing....

On the outside they have decent results and sometimes even an impressive client portfolio but when you look at their actual revenue - it isn’t covering costs.


It’s a dirty secret


The business owner  sheepishly begin apologizing, often saying “I know, I know, I don’t do enough sales or marketing.” or “I haven’t been working on my business enough lately.” 


But the reality is - they are not investing in their business growth - “I can’t afford it. My revenue is only enough to cover operating costs, taxes, loan payments, salary, and random expenses.”


Many business owners feel uncomfortable around money and sales  in general and some even undercharge.


They do not focus on sales or where they want the business to be in the future 


Here is a cold hard fact ......


It’s about sales

Sales is the heart of your business so you are going to have to master this skill!!


The good thing - is that it is teachable - there is a formula called the growth equation 


The growth equation is  made up of 4 variables

Current clients x  retention

Leads  x conversion

The number of times clients  buy from you 

The price that you charge 


Click the link to download the growth equation calculator, the cash flow calculator and the breakeven calculator. 


Based on what you need to focus on - identify the strategies that you can implement to 

  • improve your retention rate
  • Generate new leads
  • Increase your prices 
  • Increase the number of times people will buy

(There are over 75 white papers and detailed strategies you can adopt)


Here is the link https://bsi.skillsoptimiser.com/BusinessHealth/


If you are open to it - I will give you a complimentary detailed diagnostic of your business, together with a go forward plan and strategies on what to focus on. 


Here is the reality about you and your business

Clients and customers aren’t buying from bits or outsourced sales and marketing people - they are buying from you . Don’t hide behind your products. Know like and trust  is  at the heart of sales. 


Clients need to know like and trust you to buy from you. 


You need to know your worth, know the competition and do not sell on price! 


Get yourself a mindset coach

Krista Mollion suggests that as a business owner you should have a mindset coach. Someone to challenge your fears that are holding you back from taking your business to the level it should be at. 


Read all you can about scarcity and abundance mindsets. 


Do exactly what you fear most. Set clear goals and an action plan. 


Free yourself from this paralysis around Sales.


Or continue as-is but next time you are scrolling through the news online and you see one of your competitors getting a huge award or announcing a mind-blowing achievement or even (gasp!) selling their business and retiring to sail around the world while you are struggling to stay afloat, you’ll know the reason.