Position, Don't Prospect - Part 1
If you're a coach, student coach, business owner or someone with a desire to get into business, take careful note of the powerful tips and development strategies presented within this series and GET READY to make the leap to ultimate success.Position, don’t Prospect By now you should be well on the way to defining your target prospect, developing y

Integration of Spirituality in Business
Almost undetected and very silently, a transformation in business is taking place with the potential to become as big as did the transition into the information age, about a decade ago. We are still at the very beginning of what will profoundly change the way business is done in America and the World. Spirituality in Business is going to be the new paradigm and the impact on s

Small Business and The Bush Administration
Small businesses are the lifeblood of the United States of America and our economy. There can be no doubt that this great nation's productivity is owed to the small-business people. 10% of all Americans are small-business people and enjoying their American dream and ownership of a small business. In the United States of America 76% of all jobs come from small businesses. pay for your product or service (versus getting it for free). Consider how many of these people can afford to pay, if that is an issue among your client base. Also, ask yourself if any of your current clients are "repeat" clients, meaning they have hired you more than once in the past year or two.

Next, think "networking." How many people do you know who you can call, to tell them about your business, even if they have never bought your services or products before? Include in this list the following people: family, friends, business colleagues, members of your neighborhood or community, and people you purchase products and services from. Let's say this list totals 40 people. Imagine if you tell 40 people about your services and products, and ask them to tell five others, you will have reached 200 people.

The next step is to determine how much money you need to make. Take a look at all your living expenses and decide if your business is intended to support your financial needs completely, or if you will get another job to support you while your business is growing. Determine your fees and do the math to figure out how many clients/sessions you have to do per year (or how many products you have to sell) to make your living expenses.

For example, say that you are a Piano Teacher, and need a total income of $50,000 per year ($35,000 profit per year after taxes and expenses). If you are going to charge $60 per hour, you'll need to do about 833 hours per year. This is equivalent to 69 hours per month, or 17 hours per week, or 3-4 hours per day (using a 5-day work week). If that's too many hours per day, you will either need to increase your prices, or lower your expectations of total revenue. If that hourly fee is higher than your competitors', you'll have

rvices or products before? Include in this list the following people: family, friends, business colleagues, members of your neighborhood or community, and people you purchase products and services from. Let's say this list totals 40 people. Imagine if you tell 40 people about your services and products, and ask them to tell five others, you will have reached 200 people.

The next step is to determine how much money you need to make. Take a look at all your living expenses and decide if your business is intended to support your financial needs completely, or if you will get another job to support you while your business is growing. Determine your fees and do the math to figure out how many clients/sessions you have to do per year (or how many products you have to sell) to make your living expenses.

For example, say that you are a Piano Teacher, and need a total income of $50,000 per year ($35,000 profit per year after taxes and expenses). If you are going to charge $60 per hour, you'll need to do about 833 hours per year. This is equivalent to 69 hours per month, or 17 hours per week, or 3-4 hours per day (using a 5-day work week). If that's too many hours per day, you will either need to increase your prices, or lower your expectations of total revenue. If that hourly fee is higher than your competitors', you'll have

ook at all your living expenses and decide if your business is intended to support your financial needs completely, or if you will get another job to support you while your business is growing. Determine your fees and do the math to figure out how many clients/sessions you have to do per year (or how many products you have to sell) to make your living expenses.

For example, say that you are a Piano Teacher, and need a total income of $50,000 per year ($35,000 profit per year after taxes and expenses). If you are going to charge $60 per hour, you'll need to do about 833 hours per year. This is equivalent to 69 hours per month, or 17 hours per week, or 3-4 hours per day (using a 5-day work week). If that's too many hours per day, you will either need to increase your prices, or lower your expectations of total revenue. If that hourly fee is higher than your competitors', you'll have

0 per year ($35,000 profit per year after taxes and expenses). If you are going to charge $60 per hour, you'll need to do about 833 hours per year. This is equivalent to 69 hours per month, or 17 hours per week, or 3-4 hours per day (using a 5-day work week). If that's too many hours per day, you will either need to increase your prices, or lower your expectations of total revenue. If that hourly fee is higher than your competitors', you'll have to re-think your hourly fee AND the number of billable hours you have. (You can do this same math if you sell products instead of services.)

So let's say you need 833 hours per year to live comfortably. Does that mean you have to find 833 individual clients? No, not really. Depending on your profession, you will have a certain number of repeat clients who may come to you once a week, once a month, or once every six months. If you have really good marketing, you can increase this number of repeat clients because you will remind them that you exist with mailings and phone calls. Remember, it's cheaper to market to existing clients than to new, prospective clients.

Take the time to do the math. Figure out how much work you have to do in order to live the life you want.