Today, I’ve got 4 quick tips for making your business more profitable and fun.
- Stop focusing on your weaknesses
People will tell you to focus on your weaknesses. Improve what you’re not good at. But 99% of the time, I’d say that’s bad advice.
You’re going to end up wasting valuable time becoming really good at something that’s not your superpower.
Instead, double down on what you’re great at!
And hire for the areas that you’re not.
- Pay yourself first
Ever heard of the “Profit First Method” by Mike Michakowicz?
It goes like this – “every time you get a deposit from sales, take a predetermined percentage of that money as profit”.
You started a business to earn a profit and provide for your family.
So you shouldn’t wait to pay yourself the scraps.
Pay yourself first and you’ll be more motivated and engaged in working on your business.
- Stop grinding in the business and start leading
Your business needs your ideas and leadership.
When you’re caught up grinding in the business, you’re not empowered to be creative or strategic.
So step back from the grind to focus on growth and develop other leaders within your team to handle the tactics.
- Don't work for the same dollar twice
What does that mean?
It means when you earn a dollar, you should take that dollar and invest it in a way that will compound and grow for you.
That way you’re never working twice to earn the same amount.
There it is – 4 tips for making your business more profitable and fun.