Doesn't it seem easy?
Posted: Tue Dec 17, 2024 6:32 am
initial situation business
Today I bring you an uncomfortable truth.
And as much as it may seem incredible to you, the reality is that...
You don't know your business.
I know what you're thinking right now: "I'm referring to others" , "that only happens to newbies" and, of course, I couldn't forget... "I know everything about my business".
For any entrepreneur, their business is like their "spoiled child", the thing they have worked and fought so hard for. And the truth is that you know it. You know perfectly how many plugins you have installed, the name of the theme you use, the number of visits you receive per month...
Yes, and this is all well and good, but you don't know the data that really matters to your business.
Let me explain why I think this. In the first module of The Chaos Zero Connection mentoring, I do an initial in-depth audit using a workbook that aims to help me get to know each participant's business in depth. And do you know what happens?
That the audit becomes a slap in the face of reality for all students.
Because when they see the questions, they realize that they have no idea how your business works or if it works well. They think they know your company inside out, but they quickly realize that they lack even the most basic information.
That's why today I want to challenge you: do you think you know your business perfectly?
Let's check it out...
I have selected 10 of the questions I ask in this initial audit and have left them japan whatsapp number data for you in this post as a questionnaire. They are all related to very basic aspects of finances, objectives or task management.
Tell me in the comments how the experience was.
1. How many hours per month do you dedicate to your project?
"As many as necessary. If it's 200, then 200, and if it has to be 300, then that's it."
This phrase sums up, in a way, the most common answer to this question. With the justification that "you work as much as you have to work", you don't really measure how many hours you are dedicating to the project. And this is one of the worst mistakes you can make. If you don't measure, you don't know what the reality of your business is. And if you don't know what your (real) situation is, it's impossible to make informed strategic decisions.
Think about it, if you don't know how much you work, you also don't know how much you're earning per hour of work or what you earn from each client.
Plus, measuring yourself is very easy. Toggl is a tool (with a free version) that not only measures you, but also gives you detailed reports. Since it allows you to classify by "Clients" and "Projects", the ideal is to assign a project with all the tasks you perform for each client. Always include a section for everything related to management and business development, because spending 10 hours a week answering emails is not the same as spending them on growing your company, don't you think?
It's hard at first because you'll need to get used to it, but once you establish the habit, you'll never go back to work without hitting the Toggl button first.
[bctt tweet="If you don't know, measure, analyze or understand your business... you will hardly be able to improve it #entrepreneurship" username="caoscero"]
2. How many hours do I want to dedicate?
If you've never measured yourself, the first time you see the total number of hours you spend per month, you might get dizzy. Because until you see that number around (or exceeding) 200 hours per month... you're not fully aware of how much time you're actually working.
But let's move on to the next question.
Whatever the number of hours you work now, you need to set a goal for how many hours you want to work. There are not only financial goals, many people prefer to earn less money as long as they have more freedom.
What do you prefer?
That answer will depend on the priorities you have set for your life. Consider that you are no longer an employee, you are learning to run a business. A business whose mission is precisely this: to allow you to achieve the lifestyle you want.
[bctt tweet="The mission of your business is to allow you to achieve the lifestyle you want. Are you clear about what that is?" username="caoscero"]
3. Am I moving in the right direction to achieve the
work schedule I have set for myself?
If you notice, while with the first question we marked your current situation (point A), with the second we saw what the goal was (point B). What are we going to answer with the third?
If we are clear about how to get from A to B.
You have to analyze questions like these:
How many hours do you spend on each client and task?
How long have you been "sold" (for services)?
How much time or resources do you dedicate to achieving more automated income?
Can any tasks be shortened or deleted?
Are there parts you can delegate?
With this analysis alone, you are going from being a passive subject who lets himself be carried away by inertia... to being a boss, a manager who analyses the data to know how to achieve the set objectives. What a difference, isn't it?
[bctt tweet="Being an #entrepreneur is not about letting yourself be carried away by inertia, but rather being a manager who analyses data to achieve their objectives" username="caoscero"]
4. What is the overall profitability of your business?
We are entering into one of the most difficult questions for an entrepreneur to face. Why?
Because it is the question that shows that you are working yourself to death without being aware of whether you are earning money or not (and this, unfortunately, usually means that you are losing money).
Today I bring you an uncomfortable truth.
And as much as it may seem incredible to you, the reality is that...
You don't know your business.
I know what you're thinking right now: "I'm referring to others" , "that only happens to newbies" and, of course, I couldn't forget... "I know everything about my business".
For any entrepreneur, their business is like their "spoiled child", the thing they have worked and fought so hard for. And the truth is that you know it. You know perfectly how many plugins you have installed, the name of the theme you use, the number of visits you receive per month...
Yes, and this is all well and good, but you don't know the data that really matters to your business.
Let me explain why I think this. In the first module of The Chaos Zero Connection mentoring, I do an initial in-depth audit using a workbook that aims to help me get to know each participant's business in depth. And do you know what happens?
That the audit becomes a slap in the face of reality for all students.
Because when they see the questions, they realize that they have no idea how your business works or if it works well. They think they know your company inside out, but they quickly realize that they lack even the most basic information.
That's why today I want to challenge you: do you think you know your business perfectly?
Let's check it out...
I have selected 10 of the questions I ask in this initial audit and have left them japan whatsapp number data for you in this post as a questionnaire. They are all related to very basic aspects of finances, objectives or task management.
Tell me in the comments how the experience was.
1. How many hours per month do you dedicate to your project?
"As many as necessary. If it's 200, then 200, and if it has to be 300, then that's it."
This phrase sums up, in a way, the most common answer to this question. With the justification that "you work as much as you have to work", you don't really measure how many hours you are dedicating to the project. And this is one of the worst mistakes you can make. If you don't measure, you don't know what the reality of your business is. And if you don't know what your (real) situation is, it's impossible to make informed strategic decisions.
Think about it, if you don't know how much you work, you also don't know how much you're earning per hour of work or what you earn from each client.
Plus, measuring yourself is very easy. Toggl is a tool (with a free version) that not only measures you, but also gives you detailed reports. Since it allows you to classify by "Clients" and "Projects", the ideal is to assign a project with all the tasks you perform for each client. Always include a section for everything related to management and business development, because spending 10 hours a week answering emails is not the same as spending them on growing your company, don't you think?
It's hard at first because you'll need to get used to it, but once you establish the habit, you'll never go back to work without hitting the Toggl button first.
[bctt tweet="If you don't know, measure, analyze or understand your business... you will hardly be able to improve it #entrepreneurship" username="caoscero"]
2. How many hours do I want to dedicate?
If you've never measured yourself, the first time you see the total number of hours you spend per month, you might get dizzy. Because until you see that number around (or exceeding) 200 hours per month... you're not fully aware of how much time you're actually working.
But let's move on to the next question.
Whatever the number of hours you work now, you need to set a goal for how many hours you want to work. There are not only financial goals, many people prefer to earn less money as long as they have more freedom.
What do you prefer?
That answer will depend on the priorities you have set for your life. Consider that you are no longer an employee, you are learning to run a business. A business whose mission is precisely this: to allow you to achieve the lifestyle you want.
[bctt tweet="The mission of your business is to allow you to achieve the lifestyle you want. Are you clear about what that is?" username="caoscero"]
3. Am I moving in the right direction to achieve the
work schedule I have set for myself?
If you notice, while with the first question we marked your current situation (point A), with the second we saw what the goal was (point B). What are we going to answer with the third?
If we are clear about how to get from A to B.
You have to analyze questions like these:
How many hours do you spend on each client and task?
How long have you been "sold" (for services)?
How much time or resources do you dedicate to achieving more automated income?
Can any tasks be shortened or deleted?
Are there parts you can delegate?
With this analysis alone, you are going from being a passive subject who lets himself be carried away by inertia... to being a boss, a manager who analyses the data to know how to achieve the set objectives. What a difference, isn't it?
[bctt tweet="Being an #entrepreneur is not about letting yourself be carried away by inertia, but rather being a manager who analyses data to achieve their objectives" username="caoscero"]
4. What is the overall profitability of your business?
We are entering into one of the most difficult questions for an entrepreneur to face. Why?
Because it is the question that shows that you are working yourself to death without being aware of whether you are earning money or not (and this, unfortunately, usually means that you are losing money).