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Getting a return on your accounting investment is the key

September 6th, 2010 · No Comments · General News

A Lack of Focus as a accounting business owner you are battling with so much. It’s a constant challenge. And being able to control your activity and spend that time on the most important thing is what makes a huge difference around your time and valuing your time.Focussing on what can I do right now, as in the power of now, that is going to add the most value to my business, and always battling to make that happen.What you are best at is doing what you’re good at.Put your highest value stuff first.It’s focusing on growing the customer base, not getting caught up in stuff, and you’ve just got to always battle to do that. And then there is another part of focus, not just in the now, but in terms of the bigger picture. And this is the mistake of starting something new, before what you are working on is completely finished. This is the ‘spreading yourself too thin’ trap. It’s typical for many business owners and entrepreneurs who love starting things, and they’ve always got ten ideas on the go for other businesses. And look, it’s okay to have ten businesses but you’ve got to get the first one working well without you first and then move onto the second one. And only then do you start doing the next. And the thing is, that means you can’t do it on your own, and so you do need a team of people to help you, and if not just to clean up after you. You know, literally jockeys in there to run those businesses.For me, this is a big issue because I had effectively five businesses that I was trying to run before I really had any one of them working well without me. So then, all that happened is I just, found myself spending sporadic time on them and they were progressively getting worse because they weren’t getting the attention. Then it was mentor of mine, Roger Hamilton, who gave me some brilliant advice, to what must have been clearly a very good question. I asked him, “What Does being committed to my wealth really mean?” And he replied,“Being committed is having the focus to stop distracting yourself from creating your wealth”. Your goals don’t create your wealth, your standards do. Because I had these big hefty goals but my standards were low, because I was doing so many different things.So that was a big eye-opener for me. And the good news is when you get focus you get results fast. When I was going to sell my business that only took six weeks to do that, because I was focussing and Roger goes, “Right, focus on first of all getting your business really profitable and nothing else until then. And then when that’s done focus on selling your business and only that until that’s done. And Then, once that’s done then start looking at what you do next.”So that was very good advice, but it’s being clear on your desired outcomes daily, weekly, monthly, yearly and always striving for the best use of time, and keeping on track with those plans. It’s quite a big topic. I could go on forever about this but really it’s just — watch that you don’t start things before you’ve finished what you’re working on is really the key thing there.Get your room tidy, move on to a new room.

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