“All achievements, all earned riches, have their beginning in an idea.”
~ Napoleon Hill
It can be tough to find the motivation to finish projects once the initial “sexiness” of the new project is gone. Here is a strategy I have found useful in this regard: emphasize one cash flow project first.
The sooner you finish your first money making project, you’ll have made money! Sounds obvious, but how many of us have 3-5 incomplete projects and no money?
Finish one project and it will start to make money for you. You might choose the one that has the highest likelihood of bringing in cash consistently. Then get your team to handle its operation from then on while you work on the second project. This is how your business’s revenues will stair-step over time to higher and higher amounts.
So really, this tip is about choosing the best project to focus on right now from among the options. Saving the rest for later and doing the one that will impact your business most will make the execution easier, and seeing the first results will inspire you to keep doing it like this.
Another benefit of picking one project and finishing it first before moving on is that if it fails, you’ll have found out sooner and can scrap it and move on, without wasting any more time on it.
Do you have the right plan?
The right strategic plan for your business includes:
1) the best strategy to follow
2) a written roadmap so there’s no confusion as to what your team needs to accomplish and when
In no time, you’ll have a strong plan to follow so your company wins.
Why play the game of entrepreneurship if you’re not going to win?
Today’s Question: Red Barn, now a historic site in the U.S., was the original manufacturing site of which company?
Previous Question: In 1984, Gillette reportedly offered members of which rock band $1 million each in an unsuccessful attempt to get them to shave their beards for a television commercial?
Previous Answer: Billy Gibbons and Dusty Hill of ZZ Top
Gibbons and Hill are always pictured wearing sunglasses (a nod to their 1979 song “Cheap Sunglasses”), similar if not matching clothing, and their trademark chest-length beards. The other member, Frank Beard sports a mustache, but rarely a beard.
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