Where do you get that drive from?

Matt1959

Free Member
Sep 8, 2006
6,325
1,225
Thanks :). Matt I wasn't ignoring you and I think you do offer good advice.

I don't drink anything in the week just at weekends but I am addicted to to caffeine and sugar which is probably why I am always up so late, it is a habit I have never got out of since university.

I wish I could just have a few days off the problem is I do work 7 days a week as you can imagine with computers its very hard to tell a client I won't be able to fix their internet for another 5 days.

Make some changes to your lifetstyle - you might be amazed how it would make you feel - you can do it overnight and its got to be worth it just to see if it makes you feel any different. Try ditching all the caffeine straight away. Do you drink Pepsi etc? This stuff is posion (google it) Look at what Subbynet said, he made some changes and felt better for it during the day. We all get into a rut now and again and sometimes need to step back and think of the things that we never thought were a problem!! I do agree with trying to find a mentoring person as well. I knew a plumber once who was struggling along - his father in law came into the business and it took off like a rocket. I really do think your making a mistake blaming things on the business/ customers/ recession though.
 
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J

JoyDivision

Its a bit like smoking though its hard, I need to sort it out though, as the late nights probably are affecting me.

I am convinced business is down because of the financial situation but it is my fault for not doing something about it.

I am hopefully going to pick up £90 for a job I have just done so if he pays me (and is not a conning robber) that money can go some where towards my business.
 
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Subbynet

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Aug 1, 2005
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Its a bit like smoking though its hard, I need to sort it out though, as the late nights probably are affecting me.

Yep, again I know exactly what you mean... Coffee itself can turn into a habit. I'd suggest tho not having Coffee in the house, or buying decaffeinated so you can trick your mind into thinking its getting your caffeine hit.

The thing about drinks like Coffee is they doesn't really quench your thirst but increases it, also it ruins any chance of proper concentration and makes you fidgety - I'm no doctor but I believe it to be true due to my own anecdotal evidence.

How much water do you drink a day? Just plain old tap water? You're meant to get 8 litre's into your body a day, of which a couple of litres will come from food but you really need to drink more water. (Remember drinking coffee makes you pee more, losing more water than normal! :p)

Also, do you eat Breakfast? - it might seem like a silly question, but I wouldn't be surprised if you said no, but you did have a cup of coffee in the mornings. Because I think sometimes we substitute eating with having a hot drink because for a short while you won't feel hungry anymore... Again I think this is true because it happened to me - sometimes drinking 3 cups of coffee in a single morning.

The downside is you're not taking in the energy you need to burn that day, which will make you feel lethargic. When they say breakfast is the most important meal of the day its true so feed your brain.

I'm starting to sound like that nutter Gillian McKeith ! :D

In no way at all am I one of those people "my body is my temple", I mean you'll never find me eating blackberry's and nuts ;) but in the end I realised it was lifestyle choices to blame.

Alarm Clocks are a must if you're a night-owl, because otherwise you'll awake later, then goto sleep later, and this drifts so eventually you awake at 10am, sleep at 4am, then awake at 11am, sleep at 5am etc etc until you're completely out of sync with the world. So set an alarm clock, and even if you do stay awake until 4am one day, wake up on the dot no matter how tired you're, because that night you'll sleep earlier and put yourself back on track timewise.

Also don't go to bed with issues on the brain! Apparently one of the reasons some people are insomniacs is because of an very active brain, which can be because you're whirling around an idea, a worry or something else in your head. Instead, sit down for at least an hour before sleeping, watch a boring movie or whatever, but get yourself into a more calmer mode - beer helps lol....

I am convinced business is down because of the financial situation but it is my fault for not doing something about it.

I am hopefully going to pick up £90 for a job I have just done so if he pays me (and is not a conning robber) that money can go some where towards my business.

You really need to look at your practices.... As I mean why are you picking up this money today? Why are you worried about getting paid? This isn't right mate and you need to change stance. I use to value each hour, so if I had to take an hour out to pick up £90 I've actually lost 50% because I had to do it. Thats the nitty gritty of it - time at my PC = profit, time pissing around collecting money = wasted time.

Sometimes in IT we bend over backwards to oblige the client, but you're a one-man-band and don't have the support to undertake this. I remember you saying you had 700 clients - out of those 700, which jobs took the longest? And which were the most profitable?

Instead of support, look to services, as its a much better money spinner.

I know this will sound harsh, but just drop the clients which are taking up an adverse amount of time compared to the profit... A saying I remember is 80% of your profits will come from 20% of your clients. That 20% is your main market - the rest are a waste of time and you ever need to increase your prices or drop them completely.

Whatever you do, don't keep dropping your prices just to win the job, its not worth it in the end. In fact I thought it was such a waste of time I changed sectors completely, but thats another story and another decision for you.
 
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Sorry Martin - not being picky, but it's 8 glasses of water which is meant to be around 2 litres :) - Don't want people to be getting drunk on water (which is actually possible to an extreme! ;))

Great advice you have given.

Cheers
 
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estwig

Free Member
Sep 29, 2006
13,071
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JD you are being so hard on yourself mate, lighten up your not superman nor are you a robot!!

Do you write lists?? If not you should, then you can tick off things as you achieve 'em and take time to 'feel good about yourself' for ticking that item off the list, you've achieved something, pat yourself on the back.

As I understand it your only a young lad, but look what you have achieved already....You have your own business!!!! :) Good for you!!!!!!!

You have 700 clients wow!!! Do you spend time reminding them just how........Damn good you are at what you do???? How lucky they are too have you??? and how you enjoy what you do and will help them if you can???

Tell the world mate, you have done well, you have achieved a lot especially for someone so young and you have the tenacity to realise there may be a problem and you are looking for a solution...........Fair play!!

When I'm down I like a regroup, clean the store, tidy the filing cabinets, tidy the files on the puter, wash the vans, put all my pens in a nice neat little line, start a fresh notepad, you get the idea, take stock and look at what I have achieved.


Oh and drink more, put yourself under pressure and get p*ssed every night to escape from it, sleep for 5 hours and work for 10, spend time with the family and never miss the opportunity for a little humour, even if it involves taking the p*ss outta someone;)

Good luck mate, all the best.
 
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serendipitybusiness

Free Member
Jun 27, 2008
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Hi

I find my motivation is sapped if I am tired. The difference in when I have had a full nights sleep or half a nights sleep is huge. When I am tired I work on autopilot and have no inspiration. If I have had a full nights sleep I am a different person. This is probably the biggest thing that effects me.

Also do you have wireless on? If so try going back to wired, you will notice the difference. It interrupts your natural body rhythm so you can't sleep properly and two of many of the side affects from electromagnetic radiation is lethargy and depression.

Power of mind is so important when it comes to your success, so try working on this. There are quite a few good audio cds out there.
Paul Mckenna - how to change your life in 7 days,
Brian Tracy- 21 success secrets of self made millionaires
Stephen Covey- 7 habits of highly successful people
The secret (if you want to take it to another level)

Stick one of these on in the morning when you are feeling a bit low, they will put you back on track and kick start you.

My main motivational tool though is my goals. I have sat down and really soul searched about what it is I really want out of life, what it is that makes me happy. I have clear set future goals in my life, where I want to live, what I want to be doing, what I want to be earning, who I want in my life etc.

Every day I think about these goals and just by thinking about them I feel happy and motivated. It pushes me to work more towards them. I enjoy working towards them, because 'I am enjoying the doing'. I am in the forum in my leisure time because I love business. Even when things are going down the crapper, I still enjoy it. I see it as a challenge to overcome and this is all part of the learning process in something I choose and love doing every day.

Also what the guys said about eating and laying off the caffeine and drink works too and eating a good breakfast. This is advice I still have to fully follow myself as I often slip and am the worse for it.

I Hope this helps, you are not alone we all slip into down turns, its human, the trick is learning to get out of them as quickly as possible.
 
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Silk

Free Member
May 31, 2008
37
2
I agree a lot with what serendipity has said. [FONT=verdana, geneva, lucida, arial][/FONT]

Here's my two penneth worth. Granted you admit you are lazy but it seems you need to take a weekend off (not gigs and pubbing) and sort your act out. Take a step back and analyse your business, take it apart bit by bit and work out where the money is, what you are doing right and what you are doing wrong.
Be super critical. Where will you be in a years' time, two years time? Does your business model have the potential to provide you with a good living rather than just pay the bills on a week to week basis with little left over? For a business to grow it needs firm foundations. If the business model is shaky to start with maybe you need to steer your business in a new direction or shelve it altogether and start a new venture.

You need criteria in which to judge the viability of your business. What do you expect in return for all your hard work?

For me it means that after 3 or 4 years I'll be working less hours and have a very comfortable salary. It will allow me to take a week or two off a few times a year for a holiday. It will pay for a nice car and a decent home. For me if it won't provide all that then is it simply not worth all the effort.

If YOUR business has the potential to realise YOUR dreams then it's time to start making plans. Work out what your business needs to be doing in three years to provide the financial security you need. Who will be willing to pay you the sums needed to fulfil your dreams and what will they want in return. Once you know that you can set about creating a plan to get you there. Stick with that plan but don't be afraid to modify it. Hone it, polish it, and develop it; it's not set in stone. Break it down into easily achievable goals then take the first one and work towards it. Make sure that you do something every single working day towards fulfilling that goal. Don't make it too easy as you need to stretch yourself but don't make your goals unachievable otherwise you will get demoralised and stumble all fall. Set firm dates for each goal and a meaningful reward for fulfilling them. If you don't get them done on time, pick yourself up and dust yourself down and increase the effort, it will be worth it in the end.

Get motivational CD's and books to see you through the hard times. If you are weak in certain areas (marketing springs to mind) look at ways to work on them. Here's one tip for you, Business Link often has free events with expert guest speakers that you can gain valuable knowledge from. Also the FSB have regular get-togethers. Both are excellent opportunities for networking with local businesses, a great way of picking up new business.
 
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We all have different motivations in life and some of them listed here really fit with me. The hardest thing in my opinion is change, change your job, change your life, change your personal life........
I have recently left a well paid job that meant being away from my family during the week (for the past year) working long hours to turn a business around inflicted by others (poor recruitment, poor management etc). The ambition for the past few years has always been to work for myself but giving back some of the knowledge/experience given to me by others. We don't have enough mentors that inspire and direct us, i have been lucky to have three in my school/work life and that are still around me now. I see myself as a mentor and try to inspire those that want to push on and achieve their own ambitions no matter how big or small.
My web site is being developed at present and the pursuit is to develop individuals in their field with training, support & direction.
In answer to the topic the drive and enthusiasm have to come from within, some have it in them others have to find it either with a partner or other mechanism. There are people who can provide it you just need to bring them into play and it will impact on you.

Always remember 'Conceive, believe, achieve'

Regards,

Advisor
 
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blackandwhite1986

Free Member
Jan 3, 2008
589
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JD,

Keep your head up and stop listening to Morrissey. Remind yourself who and what you are doing this for ... remember the alternative may be "selling USB cables in Dixons for £15"

Motivation can only come from yourself. I work in a family business and every day I remind myself that I have a responsibility to them and to myself to make this a success. I want to provide the best service to our customers to make our company the best it can be. Trust me I remember being 8 years old asleep on the factory floor because my parents had to work 16-18 hour days getting next to no money (we were literally dying on our backsides) and collectivley that is always in the back of our minds to never let happen again

Don't turn everything into a burden but a challenge to overcome. Prove yourself when the chips are down and aim to make your business the best it can be. This could be the only shot you get and you don't want to retire after lining someone elses pockets wishing you had made the most of it when you had the chance.
 
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Mister B

Free Member
Aug 31, 2007
2,658
639
I think that blackandwhite sums it up really, as the alternative is to go back to selling USB cables for a faceless retailer:eek:

Just like others, one of my primary motivators is the reluctance to going back to the day to day working environment. I think for you my friend, six pages of replies should give you the answer you need...and if I am very much mistaken, they all carry the same message:)

A call for action maybe?

Mister B
 
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S

Successful Selling

I bought a book about 12 months ago written by Fiona Harrold. It was called "Become your own life coach".

I think you would benefit from it.

It gives you lots of small tasks/projects which helps you focus on your shot term goals, then I gradually expands to look at the big picture.

I'm not usually into self help books, but a few of my mates had read it and had some great success.

GL
 
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bcomputing

Free Member
Jun 20, 2008
14
1
Middlesbrough
One of the reasons I am struggling atm is I am lacking any drive. Despite the fact I am now suffering from financial hardship I am I don't have any drive to do something about it.

A few years back I wanted to take over the world, I left university with so many ideas, now I just feel like my brain is dead.

Has anybody got any tips to overcome this?

Even though i am quite young (19) i get my drive by just thinking to myself that i do not want to be working a 9-5 job for the rest of my working life and working my butt off for somelse to get all the benefits!

Suppose thats what does it for me, lol.
 
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solutions4finance

Free Member
Nov 28, 2007
33
5
Nine years ago I had a shining career as a Personal Trainer. I didn't just sit about in the local leisure centre writing up programmes for Mrs. Jo Average - I worked hard and took my talent to a much bigger audience. I wrote white papers, taught trainers, worked with international athletes, held seminars and talked at exhibitions. It really was fantastic.

It all changed when I had a bit of a nasty car accident. The accident itself is of no consequence really, but it did leave me with a nasty brain injury which meant I had to learn to walk and talk all over again - fitness career over!

Doctors told me to expect a timescale of two years to return to any form of work, and up to a year before I could walk unaided.

When I left the hospital I took no walking aid. I literally had to re-learn, or re-open the motor skills virtually every movement and activity from feeding myself, to getting dressed, to washing behind my ears. All good character building stuff.

Eight months after the crash I ran (ish!) my first marathon.

Living with a "vegetable" took its toll on my wife too. Nursing me through my recovery, and a few other things that piled on the pressure, lead to her having a breakdown and subsequently the collapse of my marriage. My wife was the love of my life, so that was another blow to contend with.

Getting back to work was a nightmare. I wasn't fit enough to go back into the profession that I loved, so I fell into a sales job. Determined to succeed, by the end of the first year I was on stage as one of the top performing salespeople in Europe for a major international bluechip.

I left the job after a few years to start a building firm (knowing nothing about building - just liked the idea!). Again, I worked hard, put in the hours, got inventive, and built up a great business. Two and a half years down the line, just at the wrong time (I'd stretched the business to full capacity to grow it), a client went bust owing me hundreds of thousands of pounds. I was lucky, I didn't go bankrupt because I had just enough money to pay the bills and wind the company up - but it did put me flat on my arse.

I did consultancy work next. Everything from writing business plans to motivating sales teams - and it was great fun and I was doing well at it. Then, I fell into a position where I was working with a finance broker.

The idea was that I'd work hard, learn the business, and take over the business as the broker retired. The reality was that I worked hard, learnt the business, built the business and increased turnover - then had "the dirty" done on me... back to square one (minus a bit!).

Luckily, the marketing vehicle was all mine - the website. I attempted to sell the website to another finance company, the deal was all agreed, then they put a 12 month delay on it. I couldn't afford to wait, I'd sink, so I looked elsewhere and managed to find a backer who would buy 50% of the business.

And so here I am. The business is growing and becoming more successful, and that is in itself leading to more growth and more success as we attract more interest from suppliers offering us better terms and an increased number of clients.

I still work in the fitness industry from time to time, giving lectures and hosting seminars. I also write a fair amount - everything from car reviews to fishing articles. i have a publisher interested in turning a column i write into a book, and I've just started bringing together ideas for one of those "business and personal self -help" stlye books that seem to be in fashion.

Why am I telling you my life story? Well - it's not to make myself look good- the idea is that hopefully you'll recognise some of your own personality traits in there and think "yeah... what the hell am I wasting time for?"

It's easy to give up, to get bogged down in the "crap" that lands on our doorstep. That's what makes people like us different; we re-invent ourselves, look to our core strengths and use them, and we always find a way forward.

Don't ever give up. Never give up. Never ever give up.
 
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Nine years ago I had a shining career as a Personal Trainer. I didn't just sit about in the local leisure centre writing up programmes for Mrs. Jo Average - I worked hard and took my talent to a much bigger audience. I wrote white papers, taught trainers, worked with international athletes, held seminars and talked at exhibitions. It really was fantastic.

It all changed when I had a bit of a nasty car accident. The accident itself is of no consequence really, but it did leave me with a nasty brain injury which meant I had to learn to walk and talk all over again - fitness career over!

Doctors told me to expect a timescale of two years to return to any form of work, and up to a year before I could walk unaided.

When I left the hospital I took no walking aid. I literally had to re-learn, or re-open the motor skills virtually every movement and activity from feeding myself, to getting dressed, to washing behind my ears. All good character building stuff.

Eight months after the crash I ran (ish!) my first marathon.

Living with a "vegetable" took its toll on my wife too. Nursing me through my recovery, and a few other things that piled on the pressure, lead to her having a breakdown and subsequently the collapse of my marriage. My wife was the love of my life, so that was another blow to contend with.

Getting back to work was a nightmare. I wasn't fit enough to go back into the profession that I loved, so I fell into a sales job. Determined to succeed, by the end of the first year I was on stage as one of the top performing salespeople in Europe for a major international bluechip.

I left the job after a few years to start a building firm (knowing nothing about building - just liked the idea!). Again, I worked hard, put in the hours, got inventive, and built up a great business. Two and a half years down the line, just at the wrong time (I'd stretched the business to full capacity to grow it), a client went bust owing me hundreds of thousands of pounds. I was lucky, I didn't go bankrupt because I had just enough money to pay the bills and wind the company up - but it did put me flat on my arse.

I did consultancy work next. Everything from writing business plans to motivating sales teams - and it was great fun and I was doing well at it. Then, I fell into a position where I was working with a finance broker.

The idea was that I'd work hard, learn the business, and take over the business as the broker retired. The reality was that I worked hard, learnt the business, built the business and increased turnover - then had "the dirty" done on me... back to square one (minus a bit!).

Luckily, the marketing vehicle was all mine - the website. I attempted to sell the website to another finance company, the deal was all agreed, then they put a 12 month delay on it. I couldn't afford to wait, I'd sink, so I looked elsewhere and managed to find a backer who would buy 50% of the business.

And so here I am. The business is growing and becoming more successful, and that is in itself leading to more growth and more success as we attract more interest from suppliers offering us better terms and an increased number of clients.

I still work in the fitness industry from time to time, giving lectures and hosting seminars. I also write a fair amount - everything from car reviews to fishing articles. i have a publisher interested in turning a column i write into a book, and I've just started bringing together ideas for one of those "business and personal self -help" stlye books that seem to be in fashion.

Why am I telling you my life story? Well - it's not to make myself look good- the idea is that hopefully you'll recognise some of your own personality traits in there and think "yeah... what the hell am I wasting time for?"

It's easy to give up, to get bogged down in the "crap" that lands on our doorstep. That's what makes people like us different; we re-invent ourselves, look to our core strengths and use them, and we always find a way forward.

Don't ever give up. Never give up. Never ever give up.

You are due some luck in life, :eek:well done on keeping going where others would have given up
 
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J

JoyDivision

Thanks :)

I have tried to be positive the last couple of days but sods law I have am recovering from a minor accident which happened on Satuerday when I tripped up, I am drugged up to the hill and my back is very painful meaning that although I can do most jobs I can't do any leaflets :(.

However I have used my time wisely and have thought up two business ideas, one of them is one I have had for a long time but always though it was too much hassle, the other is a new niche area of IT providing a service to B2B.

So I am using this week to finish of my existing web project so I can get the money for it early and use that to reinvest into my new venture.

I also have managed to exceed my tax fund savings goals two weeks on a row.

What I really need though is another lightening strike or talktalk to change peoples passwords without letting them know - I would make a killing again :D.

I am trying to let every problem (there are lots of small ones) not get in the way and just focus on still being self employed this time next year. I have stopped applying for jobs as I am not ready for 9-5.
 
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JD - If you want a really genuine book to lighten your mood, look at the ones by Geoff Thompson. They offer a really good insight and talk about his own background stuck in a boring job and how he has gone on to making a success. 110% worth it in my opinion. :)
 
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glencooley.com

Free Member
Sep 12, 2007
1,658
153
46
Cambridge
Thanks :)

I have tried to be positive the last couple of days but sods law I have am recovering from a minor accident which happened on Satuerday when I tripped up, I am drugged up to the hill and my back is very painful meaning that although I can do most jobs I can't do any leaflets :(.

However I have used my time wisely and have thought up two business ideas, one of them is one I have had for a long time but always though it was too much hassle, the other is a new niche area of IT providing a service to B2B.

So I am using this week to finish of my existing web project so I can get the money for it early and use that to reinvest into my new venture.

I also have managed to exceed my tax fund savings goals two weeks on a row.

What I really need though is another lightening strike or talktalk to change peoples passwords without letting them know - I would make a killing again :D.

I am trying to let every problem (there are lots of small ones) not get in the way and just focus on still being self employed this time next year. I have stopped applying for jobs as I am not ready for 9-5.

Joy,

You need to rationalize what you are trying to do. Im not knocking you but all your new ventures are going to have the same if not more problems than your current one. You are struggling to deal day to day with this business and until you can see the wood for the trees and deal with, recognise or get over small or large projects you need sit back and take stock before embarking on something else new and exciting for the ground up.

You have been so unlucky with work and family but the problems you are facing professionally are fundamental in any business and until you recognise why there are issues and how to address them. You will forever get to a point in each venture and feel the same way.

You have an entrapneurial spirit but not the ability to follow it through. Once you can commit to something 110% then you will make a real go of it until then sit back, think and consolidate and sort out this business then move on to investing capital and time.

Make one business work and use it to fund the other ideas mate.
 
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S

sparklyscotty

I have heard somewhere that when people get desperate the mere thought of suicide can act like a release valve, giving them a worst-case-scenario ultimate final act to end it all. For my freelance and small business career, the idea of going back to full time employment for someone else plays pretty much the same role. I might pick up the newspaper and browse the job ads, but the reality of the consequences of actually going through with it (no prospects, lack of fulfillment, feeling of failure, no flexibility of hours) soon brings me back to my desk, my inbox and my 'ok, so how can I move forward' mindset.
 
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theppcman

Free Member
Sep 5, 2007
27
0
60
I symapthise with you completely but there is a solution to your problem.
Most businesses are going through the same thing, they are trying to cut costs down to the bone.

One area they will inevitably be looking at is IT support, outsourcing is a great way to save costs in IT and you offer the solution to this problem.

Come up with a package that demonstrates how companies can save money by using outsourcing solutions. Write an article and submit it to article websites, this will not only get you traffic to your website but will also position you as an expert in your field.

Contact all of your existing customers and show them how you can help them reduce costs further by using your services more. Those that use you add-hoc could subscribe to higher level support contracts.

Ask happy customers for referrals, make it easy for them by creating a letter of recommendation and asking them if they would mind you writing to their contacts (as if you where them on their headed paper) recommending you. You take care of all the postage and admnistration all you want from them is a few contacts!

Give a Unversity student a placement in your company to get experience, contact a local newspaper and tell them you are offering a placement, this will give you some free publicity.

Don't give up there is always a way!

Best of luck
Damien
 
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I've come up with many a web idea and thought nah! only to find someone else does it and makes a success.

Not just me then eh Stender?

I'm currently in the process of application (nearing the end hopefully!!) to become a Prison Officer and am feeling the strain. I've signed on for the first time in 20 odd years and just the stigma of entering the job centre is motivation enough to want to get a job to pay my bills (or help toward paying all of them).

I do understand what you are feeling though. I've been there for the last two years, trying to get a business off the ground with some, but very little meaningful success. My financial backer pulled out (understandably) in April and I was left on my own. Fear is a motivator for me now, couldn't stand the thought of having to hand over the keys to my house while holding my beautiful 3 year old girl in my arms. Working on my own was never going to work, I need people around me to feed off their enthusiasm.

However, both my wife and I are now starting to take action on a few ideas we've had over the years. She's a brilliant self-starter. Just thinking about what impact that even just a small amount of business would bring makes me feel excited.

Exercise helps for me too, kicking pieces out of fellow 30 odd year old 5-a-side footy players every thursday night is really helping!!! Try boxercise or some other physically challenging activity like circuit training. just completing the sessions makes me feel great (especially if someone's breathing far harder than me afterwards!!).
 
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Grollsta

Free Member
Jul 19, 2007
239
12
UK
JoyDivision, I have to ask, but you don't need to answer here, it's more rhetorical.

Does your month stretch further than your money? It does for most small business owners. Ever wondered why? Well, to me it's because of Sarah. And Peter. Michael Gerber wrote a brilliant business book about Sarah. Someone else wrote about Peter (the Peter Principle, not sure who the guy was, he is more famous than me thats for sure :D )

When you feel stuck in a rut as it appears you are saying is the case, we need to climb up the ladder and look back down at where we have come from. Over twenty years I have studied and researched why small businesses crash, why the owners suffer adrenal burnout and why so many of them fail. Whilst I can't give the whole secret way here, I would like to share with you some simple tools to measure where you are and plot the course ahead. You have customers right? So there is a market for your service? yes. good. Here we go then.

step1
For one month, measure all your leads and record their $value per sale and where the sale came from, IE what advert source brought the client to you.
step2
Analyse your market spend. What are you spending on and where, for your advertising.
step3
Move the money from any advert that is not generating sales to a magazine/advert/flyer which is, thus increasing your coverage of awareness creation.
step4
Price test. There's a thing known as Price points. find out what price points your target market is sensitive to and what price points they respond to.
step5
measure your net margin with total dedication. if your business is to be worth anything one day, a buyer will look at two main components.
a) Cash Flow
Depak Chopra said that if a business doesn't show cash on the balance sheet, it is not a business. Get a job instead and let a boss worry over the month end.
b) Assets
These are any paid for goods. Machines, tools, property, in some cases even idea such as Intellectual property can be valued as an asset. If your business documentation is lacking though, there obviously won't be any value in this kind of property.

Study your business. Learn something about it every day. Never give up learning.

i am sure that all the advice found on this thread you will soon have a new bright perspective.

here's to you!
:)
 
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Sorry i know its been a while since i last posted here.

But after 4 years of slogging it out, this is what keeps me going

a) a desire to go self employed
b) a desire to be confortable, and offer my family the best i can
I was raised to "make do" and do without as a kid.
c) to get out of the council house i live in at the moment
d) a hatred of poverty

most importantly
my mother has since retired after 30 years of service in the NHS, she does not have enough money to survive, so i wish to also help her.
Plus in an ere where taxes are through the roof, never makes it easy

I suggest if like me you cannot afford to go out, simply divert into a hobby, i have recently taking up martial arts that helps, also being a keen amateur astronomer.
The aim is to relieve that lactic acid build up from the brain cells.
a change is as good as a rest.
 
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Adam858

Free Member
Dec 30, 2005
64
3
Broadstairs
A superb thread, one we can all come back to again and again I recon.

My biggest problem is my motivation goes up and down like the stock market. If I could stay on a 'high' for a couple of years I'm sure I'd be a millionaire by now! The lows really drag me and my business down.

By far the biggest problem for me has been mentioned several times now: sleep - or lack of. I'm well disciplined and always get myself to bed as early as possible, but sometimes my brain will just not give in, or the kids will keep you awake etc. Not much you can do about that I guess...

£15 USB leads? My local PC world does them for £25 now!
 
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Lyndon Wood

Free Member
Jun 22, 2008
14
1
Hi

Firstly you have a business and that is something to be proud of and worth fighting for.

Economic climate is also something you should never worry about or focus on.

Get more sales people if you can and come out fighting for all those new customers that clearly need your service. If you cannot go get the sale !

Arriving at a place which represents boredom and dullness is where we all end up at one point or another through our progression.

Tips:

1. remember the very essence of why you set up your business
2. money is always a driver and anyone would be a fool to think otherwise
3. do not worry about all this nonesense about economic slowdown
4. come out fighting for business and winning new customers
5. keep things simple
6. focus on your core business you do not need lots of businesses setup when you cannot run them all successfully
7. dominate your market in your area, local or national
8. beat your competitors by being smarter than them

Most importantly fight for what you and your family deserve.....

Lyndon Wood
 
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oldeagleeye

Free Member
Jul 16, 2008
4,001
1,210
Essex
Hi Joy.
I was a very successful broker in the 80s and early 90s until the equity crash. What with that and a costly divorce settlement I ended up homeless. Within 3 weeks I was managing a pub. Within 6 I bought it. You are right in a way and I have used it as a signature.
"You can teach anyone how to manage a business but you can't teach anyone how to become an entrepreneur. The main ability that an entrepreneur has however is the ability to spot niche markets and we are not always the best managers when we have proved the success of the venture.

We didn't have business forums around in my younger days either where members can help with advice on new markets. It seems to me then that your only problem is that you are just down in the dumps. I am betting that you also work from home too and there is nothing tougher than maintaining discipline and moral than being alone in difficult times. As for the solution.

Another poster gave part of the answer. I'll be more precise. Plan your day. Get the iron out and get a nice outfit ready for Tuesday that says I own my own business. Go get your hair done and bugger the expense. Then on Tuesday morning go out and look at the faces of the commuters trying to get a seat on a train. Pop in the supermarket and look at the guys filling up shelves. Many of them will be graduates on minimum wage. I spoke to one the other day. She works 80 hrs a week just to pay the rent and a break for her is sitting down at the till.

You getting the picture yet and I am not finished yet. Pop in the bakers for a sarnie and a cup of coffee. Again long hours minimum wage - and would you like to wear one of those silly hats. Time to pat your hair then babe and move on because there is still the rest of the day. Time then to pop in the job centre. Lots and lots of jobs there and in IT. How long however would it take before you couldn't resist telling some junior manager what a plonker he is and that you could do it better. No long I bet so back to the station again. Now look at the faces of the commuters again. Difficult I know when they are all packed in like sardines and for what. After paying rail fares - mortgages rates and the like they are left with perhaps a fiver in their back pocket to spend on themselves after a gruelling week

I believe it was Oscar Wilde or was it Dylan Thomas who once said. Bars do not a prison make - or something like that. You are now looking like a million dollars. Pretend you had a million dollars in the bank too but on 3 months deposit so you couldn't spend it right away. Would it really spoil your mood. Bring you down. Of course not. You are a successful business woman. So OK. Things are tough.

That quote I made about an entrepreneur was based on what Freddie Laker - later Sir Freddie said at a charity function we both attended and he had his tough times. Alan Sugar has had more than his fair share and then of course there is Branson. Is he really an entrepreneur. Yes - as far as Virgin Records but as far as Virgin Airlines - no. He just picked up the banner that Freddie left behind and there are lots of other banners out there Joy. All you need is your confidence back and I have told you how you can do that but I will add one thing. Don't try too hard on the business front.

All those other ideas you had at university. Were any of them to do with the arts. What about setting aside lunchtime for a bit of painting or creative writing. The bottom line babe is that being your own boss is not just about money. It is about freedom. Enjoy it until the business picks up and it will because you will have the confidence to get out there. Then like many of us your be moaning that you don't have enough leisure time to spend your money. All the best. Robert
 
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At 16 I had a dream of owning my own business and owning my own house with a large garden.
Fast forward, turn 16 around which is my age now. I have achieved this all, with the help of a fantastic wife who I have been married to for 37 years.
Yes it has been hard work, but worth every moment of it.
Have been fully self employed for 23 years. Still doing it now.

On top of this my wife and I have started the dog walking business and are loving every moment of it.

We are not rich, nor will we ever be. But wait a moment, we ARE rich. We have 3 beautiful grown up children, and 5 gorgeous grandchildren.
We live in a beautiful part of the UK with some stunning countryside.
Whenever I have doubts, I think of what I / we have achieved, and what we have.
At 61 I still have that drive and enthusiasm that I had as a 16 year old.
 
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Hi

Just came across this forum and its just what I've been looking for. The advice is fantastic and has certainly boosted me for the day and hopefully longer.

I've been in business for around 5 years but to be honest it just been plooding along paying the bills with a few quid spare at the end sometimes.

I'm really determined to get out of the comfortable rut that I'm in and finding this forum has been great.

The advice is priceless and comes straight from the horses mouth.

Many Thanks to all who have left comments on this thread.

Sam
 
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3sgte_power

Free Member
Aug 12, 2008
21
0
To the original poster ...

i was like that, i finished Uni with so many ideas, gagging to start my own business! What did i do instead? I slugged it out working for 8 years for a few companies! I had no drive whatsover! I had side business on eBay to make a quick buck here and there. I had no drive whatsoever!

And then one day last January eBay suspended both my eBay and PayPal account. My PayPal account with over 5k plus on it, which i built up to put a deposit on an apartment. I was fecked! So i thought feck this, its about time i made my own website selling the items i used to sell on eBay!

Since April last year i haven't looked back. 20,000+ hits a day, 5% conversions, 2 franchisees, a decent enough traffic blog with strong adsense, with good banner design to pull customers through to the websites / franchisees!

The moral - sometimes you need a kick up the backside and am so glad PayPal / eBay gave me that, cos if they didn't i'd still be on the lousy £300 a week i was earning from eBay, now multiply that figure by 10, that is the daily profit!

And once you see that kinda cashflow, the drive goes into overdrive and you just go from strength to strength!

Mossy - currently enjoying sunshine in Toronto :p
 
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