Where’s the Hidden Money in Your Business?

November 12, 2011 at 12:14 pm

Wendy Howard, Spirit of Venus

Do you realize that right now you could be sitting on piles of invisible cash in your business?

I’m sure its true that like the majority of business owners and entrepreneurs that you work incredibly hard to bring cash into your business. It’s non-the-less incredibly frustrating when despite all your hard work you’re simply ‘getting by’ or simply ‘putting back in as much money as you’re getting out’.

Can you relate to any of that?

The truth is that most business owners spend the majority of their time pursuing opportunities that either take far too long to bear fruit or don’t come to fruition at all.  Yet, the low hanging fruit sitting right under their nose goes untouched or remains invisible.

The problem is when you’re working flat out it’s very difficult to step out of the hamster wheel for a while and really look at the areas of your business where that low hanging fruit is. But it is there!

Here are a few tips to help you prepare to find your hidden money:

1. Take Time Out
A whole day if possible and put your business under the spotlight. Look at all your products, services, and experiences with clients to date. What have you done with all of that information so far?

2. Analyse Your Time
What are you currently spending the majority of your time doing? When are you most productive? When do you stop being effective or efficient? What can you do to improve the situation?

3. Stop Blaming
The fact that you don’t have the time or the money right now to harvest the low hanging fruit that is already there. Its simply knowing how to do it!

4. Eliminate the words ‘When I …’
If you are saying things such as ‘when I have this in place then I will do that’ or ‘when I’ve got this far then I’ll be able to’. You don’t need to do that. There will easier fruit for you to grab right now. Look for that.

5. Change Your Environment
Get out of your office and go somewhere different to open your eyes to the possibilities of where your hidden money is. Take a walk in the countryside and mull over your ideas. If you can’t see any hidden money then ask a friend or colleague where they see it.

Wendy Howard
Spirit of Venus
www.spiritofvenus.co.uk | wendy@spiritofvenus.co.uk | Tel: 01480 456679

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