The patient revealed the hard truth about my company for 7 days

The patient revealed the hard truth about my company for 7 days

Opinions expressed by entrepreneurs’ colleagues are their very own.

I rarely get sick. Maybe once a 12 months I’ll have a quick 24-hour mistake, shake it and return to business. But this time was different. What began as a easy cold turned into a full fever, which lasted for a full seven days. Seven days of exhausted, foggy and unable to think clearly, let alone work.

- Advertisement -

I took off my hat at the (*7*) metro station, considering that I can be tremendous. Well, no, my shaved head a few hours ago became really cold, and it was there – I got sick.

Initially, I assumed that I used to be reflecting quickly, but with stretched days I noticed that something disturbing: my business, my income and financial readiness weren’t as solid as I believed. This forced me to ask difficult questions about how I act and I would like to share them with you.

Even worse, we are a family of one income, and I have no activity related to Hustja. What I do as a motivational essential speaker and an influence on the SMB brand is full -time, 24/7.

Here are some things that may aid you think about changes you can make in your company, because I think about it too:

1. Can your company survive without you?

As entrepreneurs, we like to imagine that we are invincible. We push exhaustion, we deal with every thing ourselves and we persuade you that every thing might be tremendous. But what if we are outside the commission for a week? Month? Longer?

Ask yourself:

  • Do you have systems that assist you to arrive without work every day?

  • Can your team or assistants move if you are unavailable?

  • Do you have automated revenue streams comparable to courses, digital products or repetitive membership?

If the answer is “no”, your company will not be as protected as you think.

2. Do you have at least three months of savings?

The financial pillow is not only personal crisis situations – it also applies to business. Can you survive three months without income? If not, there could also be time to start out building this safety network.

It doesn’t have to be overwhelming. Start by postponing a small percentage of earnings each month. Over time, it adds up and ensures peace in unexpected situations, comparable to getting sick for longer than you expected.

3. Who are the key people in your team?

If you are an entrepreneur Solo, your “team” can simply be a virtual assistant or freelancer at sea. But having someone who can enter, check e -mile, handle basic tasks and maintain operational, is crucial.

  • Do you have a trusted assistant who knows your company well?

  • Did you train someone to deal with urgent matters if you are unavailable?

  • Are there key contractors, partners or freelancers who might help fill the gaps?

The goal is to make sure your company won’t collapse if you are not for a few days or longer.

4. Do you have a list of warm potential customers?

After returning to work after illness (or dealing with any crisis situation), a ready -to -ride list of potential customers has a huge difference.

If the pipeline is consistently dry, it means every time you are taking a break, the income stops. Instead, focus on maintaining relationships and maintaining a everlasting list of potential customers with whom you’ll be able to proceed when you come back to motion.

5. Do you have strong relationships with clients?

The transaction business is fragile. But the company built on relationships is resistant.

Think about it: if you have strong relationships with clients, they are more likely:

  • Be patient if you are not available for several days

  • Trust enough to attend for a return

  • Continue cooperation with you even after a short absence

Take time to care for real connections with clients – it pays off when life challenges unexpected challenges.

6. Do you have access to emergency means?

Even if you have savings, do you have additional ways to access emergency money?

Some options include:

  • Credit line for your company

  • Solid relations with the bank

  • Trusted family or business connections that might offer support if crucial

Having a plan ensures that if every thing becomes tight, you do not apply for financial relief.

7. Do you reside below your funds?

One of the biggest financial mistakes committing entrepreneurs are expenses based on today’s success – without the unexpected consideration.

Ask yourself:

  • Are there any unnecessary expenses you can lower?

  • Do you prevail over things that do not likely bring the value of your company?

  • If the income stopped for several months, can you continue to afford your current lifestyle?

Simplicity and financial discipline cause long -term stability, especially when business becomes unpredictable.

8. Do you postpone enough for taxes?

Let’s be real – taxes could be a financial trap if you are not careful. Personally, I used to be surprised many times without laying aside enough.

If you are self-employed, every dollar you earn is not likely yours-its part belongs to IRS. Do it with a habit:

  • Put aside at least 25-30% of taxes

  • Pay quarterly estimates to avoid big surprises

  • Cooperate with an accountant to overtake tax liabilities

This is one of the easiest ways to avoid financial stress, but so many entrepreneurs (including me) missed him until it is too late.

The patient was awakening for seven days. It jogged my memory that my company have to be stronger than me.

We never know when life will throw a curve – no matter whether it is a health problem, family sudden accident or something else. The neatest thing we will do is prepare yourself now before it is too late.

Take a moment to evaluate your situation:

  • Is your company configured without you?

  • Do you have financial savings and backups?

  • Do you maintain strong relationships with customers?

  • Do you manage your expenses properly?

If any of them is a weak point, now it is time to fix them. Because at some point life might be Test your corporation – and you ought to be ready when he does.

What is your plan to be ready for income?

Latest Posts

Advertisement

More from this stream

Recomended