subject: Business Success To Achieve Financial Freedom Is A Learnable Skill [print this page] Your business needs to add value in order to produce wealth and it will do so in proportion to the value you add to clients. If youre playing the game of business (it is just a game after all) and are not doing as well as youd like, theres something you dont know. A business is not a job and if you treat is as one, youll always be a slave. Therefore, you must learn to create multiple streams of passive income to be able to separate yourself from your business if nothing else, so that you can take a break and continue to generate income.
As a coach, trainer or therapist, you probably have some excellent and valuable niche-specific knowledge which can be packaged up in the form of passive income-creating products (written, audio, video or all three). By researching the needs of your niche carefully (ask prospects what they want) and then producing products which satisfy these needs, you will add value to the marketplace. Its worth repeating that we get paid in proportion to the value we add to the marketplace. If you want to earn money while you sleep and achieve financial freedom, its important to unlearn some of the old habits and replace them with shiny new ones like these:
1. Start each day by eating a frog (Brian Tracey has written a great book with this intriguing title). This is the task that will create most value for your clients, rather than the easiest to do or seemingly most urgent at that moment. In my case right now, its writing an article and producing a video. If youre taking your first steps to financial freedom, it might be writing 4 pages of your free report, eBook or home-study course every day.
2. Segment your working time into 45 minute chunks with a 5 minute break between the first 2 segments and a 30 minute break between the next 2. This new habit has added massively to my productivity and is something gleaned from Tim Ferris The 4 Hour Work Week. When working in front of a computer, its even more important to segment your time properly in order to avoid fatigue and burnout. I use a simple kitchen timer set for 45 minute task segments to stay productive throughout the day.
3. At the end of every day, formulate your success six for the following day the 6 tasks that if you achieve them will compound to produce a massive difference over time. Charles Schwab is reported to have paid Ivy Lee $25,000 for this one simple business idea back in the 1920s because it proved such a powerful productivity booster and earned him millions of dollars.
by: andrew bridgewater
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