S9 W12 E45-48 The Millionaire Guide to Working On Your Business Instead of In Your Business - With Raj Kapur

THIS WEEK’S THEME - The Millionaire Guide to Working On Your Business Instead of In Your Business

This week, we will talk about The Millionaire Guide to Working On Your Business Instead of In Your Business

You will want to listen to the next four episodes because they will help you understand all about working on your business instead of in your business we will be talking about The difference between working IN and ON your business, overcoming tunnel vision, doing what you are good at and outsource the rest and how to hire the right people even if you are a solopreneur.

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E45 The difference between working IN and ON for Coaches and ConsultantsAs a coach or consultant, it's important to understand the difference between working IN and ON your business. Working IN your business means you're doing the day-to-day tasks required to keep things running. This could include things like coaching clients, administering programs, or managing finances. Working ON your business means you're taking a step back to focus on the big picture. This could include things like developing new offerings, marketing your business, or networking with potential clients. 

Both working IN and ON your business are important, but it's often easy to get stuck in the day-to-day grind and forget to work ON your business. This can lead to feeling stagnant or unfulfilled in your career. Make sure to set aside time each week to work ON your business, so you can continue growing and moving forward in your business.

There are 3 aspects that I believe are important to understand in the Coaching & consulting business 
Startup Phase
Growth Phase
Scaling Phase

As coaches and consultants when we are in the startup phase of our businesses, it is common to wear many hats and do everything from marketing to sales to product delivery. However, as our businesses grow we need to start delegating the day-to-day tasks so that we can focus on working ON our business. This includes things like developing new offerings, marketing your business, or networking with potential clients. 

Working on your business is essential for continued growth and forward momentum. If you find yourself stuck in the day-to-day grind, make sure to schedule time each week to work on your business. This will help you stay focused on your long-term goals and continue moving forward.


Tags:work on your business not in your busin,working on your business not in it,work on your business not in it,how to work on your business not in it,work on your business,scaling your business,business success,grow your business,how to scale your business,scaling a business,scale your business,business ideas,business strategy,how to scale business,marketing ideas

Connect with Raj, visit www.RajKapur.com 
Email: raj@rajkapur.com 
Book a FREE Call www.rajkapur.com/freecall/

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E46 Overcome tunnel vision - Work IN and ON your business every day!
Overcome tunnel vision in your business by thinking like a CEO

As the world of business becomes more and more competitive, it's important to make sure that you're thinking like a CEO in order to maintain a successful company.

One of the biggest dangers to companies is what's known as "tunnel vision." This occurs when business leaders become so focused on the day-to-day operations of their company that they fail to see the bigger picture. As a result, they can miss out on opportunities for growth or be blindsided by changes in the marketplace.

To avoid tunnel vision, it's important to step back from time to time and take a bird's eye view of your company. Ask yourself what your long-term goals are and whether or not your current strategies are aligning with those goals.

It's also important to keep an eye on your competition and be aware of any new threats or challenges that they may pose. By thinking like a CEO, you can ensure that your company is always moving forward and staying ahead of the curve.



Tags :tunnel vision,treating tunnel vision,tunnel vision cure,what causes tunnel vision,tunnel vision causes,tunnel vision symptoms


Connect with Raj, visit www.RajKapur.com 
Email: raj@rajkapur.com 
Book a FREE Call www.rajkapur.com/freecall/

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E47 Do what you are good at … outsource the rest
Define your long-term goals for your business. What do you hope to achieve in the next 3years, 5 years, 10 years, 20 years?

Once you have a clear understanding of your goals, you can start to develop strategies for how to achieve them.

Take a bird's eye view of your company. What are your core strengths and weaknesses? How could you improve your business model? What new markets or customer segments could you target?

Identify potential new markets or ways to expand your current business. Research new industries or geographic areas that could be a good fit for your products or services. brainstorm creative ways to reach new customers.

Outsourcing helps startups move and make decisions faster because outsourcing providers already have everything in place – people, processes, and equipment – to get the job done. This contributes to greater efficiency and better service for the startups’ customers.

Outsourcing for startups is a strategy worth considering because the amazing benefits they offer are real. A growing number of now-successful startup companies outsourced certain functions of their business during their early days. Lower operating costs and higher levels of scalability, focus, and efficiency on a more level playing field are just some of the many benefits startups may gain by outsourcing. Leasing a staff overseas can be a validation test if you would need a certain role in the long term.

Some areas to outsource

1. Human Resources
   
2. Data Entry and Processing
   
3. Bookkeeping Services
   
4. Digital Marketing Building
   
5. Customer Service
   

TAGS:goremote,virtual assistant services,virtual assistant,entrepreneur,productivity,how to,business,marketing,hire,thrive,employer,strategy,growvirtual

Connect with Raj, visit www.RajKapur.com 
Email: raj@rajkapur.com 
Book a FREE Call www.rajkapur.com/freecall/

E48 How to “hire” the right people - even if you are a solopreneurAt one juncture when your startup has started to grow you will need to hire talent and staff. Now some startups with funding and a larger budget start with a few employees and then from there they grow, but many new startups are run by solopreneurs, but there comes a time when you alone cannot do everything and you shouldn’t.

At this time it becomes very important to hire the right talent who can catapult your startup to another level, but then many times it is really hard for a solopreneur to hire as they are so used to doing everything by themselves or in a small team. But understand to grow you will need to hire and get a team of like-minded people with varied talents. 

To find good early-stage hires, you'll need to lean on personal referrals and hiring platforms.
The key process to recruit 
•    Determine who your ideal match is
•    You have to be very specific in what you are looking for
•    Begin sourcing names – referrals, career sites, associations you belong to
Keep the process simple:
•    Why you need to hire now
•    Where are you getting stuck that you need to hire
•    What does success look like for the new hire One Year from now
•    After 100 days on the job evaluate the decisions made by the candidate. Determine what the company would provide at the time of completion.
A few characteristics of a new hire

1. Able to do Multiple things
   
2. Flexible
   
3. Eager to Learn
   
4. Entrepreneurial
   

TAGS: how to hire the right employees,how to find the right employees,how to hire your first employees,how to hire employees,how to hire good employees,how to hire employees to a company,marketing,technology,business

Connect with Raj, visit www.RajKapur.com 
Email: raj@rajkapur.com 
Book a FREE Call www.rajkapur.com/freecall/

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