Opportunities Abound!

One of my greatest challenges is that I am constantly coming up with new business concepts. It's almost a daily occurrence. In fact, just last night over dinner, my husband and I dreamed up a complete new business that I believed was brilliant! Then, this morning, I thought up a new product to add to one of my existing businesses.

The joy and the thrill I get out of the process of coming up with and thinking through these ideas is difficult to explain fully. It is intensely exciting and fulfilling.

I become crazy-motivated to do the new idea vs. all of the "brilliant" ideas I had yesterday, last week, last month, last year, etc. Ah, yes. Those "old" ideas quickly lose their luster in the presence of such a bright, shiny new idea.

And there is my challenge: I must allow myself the great pleasure of dreaming up ideas, but at the end of the day, I also must manage these dreams to ensure they don't encroach upon all of those that came before them.

Does this happen to you? Do you struggle to keep your focus on existing plans while being constantly tempted by new ideas? Let me know if you do, and especially if you have any great ways to manage the balance!

3 Ways to Build a Business that doesn't Suck You Dry

Something that I have noticed in my business coaching work is that many entrepreneurs have built themselves a company that sucks them dry. The joy and passion that got them started slowly dwindles and eventually they end up depressed and angry with themselves for getting the business-building-bug in the first place.

It doesn't have to be that way!

Here are 3 Ways to Build a Business that doesn't Suck You Dry:

1. Know what you want: what lifestyle are you looking for? Are you single and willing to work 24-7? Are you married with children and only have a limited amount of time and energy available? Build your business according to the lifestyle you want first. Nothing else matters as much as this!


2. Know what you need: how much money do you need to make? Take a hard look at the market or industry that you are considering, and make sure that it will be able to afford you the income that you desire based on the answer to Question No. 1


3. Get help: hire people to help you strategically based on what you don't like to do. Try to avoid the perfectionist trap of not being able to let go of all the tasks because you don't think that anyone can do them as well as you can. In order to achieve your answer to Question No. 1, you simply must figure out how to get and accept help.