Being an entrepreneur can be daunting. Here's a common scenario:
Bob Smith was just downsized after 15 years at XYZ Inc. He now has the chance to start his own business just like he has always wanted to do. Bob was quite successful in his sales position so he is feeling confident that he can take on the world. However, after a couple of weeks of entrepreneurship Bob finds that he is overwhelmed with things to do in his business. These are things such as filing an LLC., setting up an accounting system, obtaining a business license, setting up email addresses, bank accounts, merchant accounts, partnering with vendors, building a website, finding a retail space, oh...shall I go on? So, what should Bob do? Give up and go work for the Man?
Here are two quick tips for Bob:
TIP #1 Take it step by step! If starting a new project seems overwhelming, think small. Cornelia Flannery, co-author of Take 10! How to Achieve Your "Someday" Dreams in 10 Minutes a Day, advises entrepreneurs to start with a clear vision and then break tasks down to the basics. Ask yourself what you can do in the next 10 minutes that will move your business forward, says Flannery. Every step you take is one step closer.
TIP #2 - Make a SMART list of tasks that you can accomplish in less than 7 minutes, perhaps on a sticky pad on your desk. These are tasks that you can take action on in between scheduled meetings, phone calls, etc. For example, if you have a conference call scheduled at 1pm and your previous meeting ends at 12:45pm then you have 15 minutes in which you can putter around or you can tackle one of the items from your SMART list.
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