Thursday, June 29, 2006
Entrepreneurship
Have you noticed that most entrepreneurs take most of the summer off, just like they did when they were in school? This is a very dangerous habit. When you have a home based business and the kids are home for the summer, it is hard to stay focused. But, if you want to have enough clients by the end of the year, it is necessary for you to keep on track! One of the ways you might want to do this is to keep track of how many appointments you need to make each week to create the level of income you desire. Believe it or not, every business has a number. When you know what your number is, you can control your income. As an example, nationally the statistics prove that the average business needs to approach 20 prospects to talk with 10 who fit their profile to get 5 appointments. Two will agree there is an interest and 1 will do business. So if each client earns you $1,000 you now know how that you have to approach 200 prospects to earn $10,000 each month! That's every month, not just when it's convenient! Next post I'll talk about how you can get rid of all those things that slow you down so you can focus on the revenue generating activities.
Have you noticed that most entrepreneurs take most of the summer off, just like they did when they were in school? This is a very dangerous habit. When you have a home based business and the kids are home for the summer, it is hard to stay focused. But, if you want to have enough clients by the end of the year, it is necessary for you to keep on track! One of the ways you might want to do this is to keep track of how many appointments you need to make each week to create the level of income you desire. Believe it or not, every business has a number. When you know what your number is, you can control your income. As an example, nationally the statistics prove that the average business needs to approach 20 prospects to talk with 10 who fit their profile to get 5 appointments. Two will agree there is an interest and 1 will do business. So if each client earns you $1,000 you now know how that you have to approach 200 prospects to earn $10,000 each month! That's every month, not just when it's convenient! Next post I'll talk about how you can get rid of all those things that slow you down so you can focus on the revenue generating activities.
