Lesson 13

The best lesson that I have learned this week is the continuous lesson of work on your business instead of in your business. It is very important that I do this because what I ultimately want out of a business will not be achieved unless I work on it.  To quote one of the reading this week, “most of all, if you will devote adequate quality time to working on the strategic elements of your business, then you can reap the tremendous benefits of business growth and income growth.” That is what I want and the only way that a business will give that to me is if I let it go. A business will be like a child, I am going to have to let it learn how to stand and walk on its own two feet and not rely upon me to work constantly.  Tim Ferris talks about this in his book, The 4-Hour Work Week, and says there was a time when he literally couldn’t have an interview because he had to be in every decision. He then gave his company a $400 credit threshold in which the agent had to decide what the credit was worth. This reduced his call volume to less and a few calls a day.

The presentation this week for my $100 Challenge business I felt was good but bad at the same time. It was short and very to the point, which is what investors want. At the same time I feel like I need to talk a lot or go into greater depth of the business. It is an internal conflict, short and to the point or talk a lot to make sure I covered everything.  I try to prefer the short and to the point because investors have a lot of interviews.