Increase Your Cash Flow As An Online Entrepreneur
HI Everyone! OK!! Did anyone catch my mistake yesterday in my post the 1st 4 Steps To Increase Your Cash Flow As An Online Entrepreneur? Yes I could have just gone in and fixed this but I thought what’s done is done. Well in case you didn’t catch this I went from Step #2 right to Step #4. So today I am going to start on Step #3 then just go to Step #5. Sorry I guess I am human after all..
Increase Your Cash Flow Step #3 Systemize
When I first drew up the plans for my new log home I had to figure out what kind of a foundation I was going to have. I had to come up with something strong, I didn’t want my house to cave in once the logs were set.
The same thing goes for your business, you want to find something with a solid foundation, a system that others can use to repeat the process and produce profits. You need to keep it simple to be able to increase your cash flow.
Here is T Harv Eker’s theory: Business Is Simple People Are Complicated! He states any business should consist of three parts: Marketing, production and administration. Now you must design a specific process for each of these areas so they run smoothly, almost automatically.
The idea is to create a business that works like a well oiled machine, a money machine. It must be organized, it must produce a profit, it must support growth and it must be a repeatable process. (Meaning it can work without you and increase your cash flow)
OK I did cover this yesterday, but let me explain this for you a little better, if you have to physically do all the work in your business yourself it can only grow to an extent that you can personally handle. It doesn’t matter how energized you are you still only have 24 hours in a day. And what good is it to increase your cash flow if you have to kill yourself doing it? Right?
The main thing to consider is working on your business, not in your business. Makes sense right? Your business cannot be dependent on just one person meaning you to increase your cash flow!
Time Freedom! You want to find a system that gives you freedom, yep in the form of time. A system that gives you time to relax. Play and spend time with your loved ones all while your business is running, growing and creating wealth for you.
You want to have a system work instead of you working it. This is vital to increase your cash flow and for you to start enjoying your journey
Increase Your Cash Flow Step #5 Duplication
Duplication is the key if you truly want to increase your cash flow, once you find something you just want to duplicate it. Remember the idea behind duplication is getting your value distributed to as many people as possible as quickly as possible. You always need to think about who you can sell your products and services to on an ongoing basis.
Increase Your Cash Flow Step #6 Leverage
Leverage simply means doing more with less. It’s not what you do but rather how you do it. Leverage uses specific tactics and strategies that allow you to work smarter not harder.
This is the power of the internet your business is open 24/7 and will increase your cash flow!
Leverage is using other people’s talents, skills, contacts, credibility and resources. Leverage is using tested technology, the power of media.
Leverage is getting more from your employees, team members by training them properly. Leverage is managing your time more efficiently.
Leverage is developing you personally.
Leverage is mindset and this is what separates those who are serious about changing their lives and to increase your cash flow for themselves.
I am going to end today’s post with something for you to think about. Thanks to the Internet you now have more options and they are better and more accessible than ever before.
So Systemize use duplication and leverage if you want to increase your cash flow.
Never, never, never give up –Winston Churchill
I do have a few more steps to help you increase your cash flow so stop back again tomorrow. See you soon.
As always, thanks for visiting my blog!
I’d love to share my secrets – and tell you how you too can love what you do and do what you love.
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