There is a time to invest, a time to splurge, and a time to save from the returns from your business. Know when the time is right, and don't let other 'entrepreneurs' try to shame you into not putting money away into savings.
It's time to declutter your business. Whether it's a bloated menu, overflow of inventory, or just too many services you are willing to offer, if it does not bring you 'joy' (or significant profit), you should stop offering it.
Finding a mentor is challenging. Finding a good mentor is exceptionally challenging. Don’t let the fact this is hard work keep you from looking, and if you can’t find that right person in the flesh, there are plenty of people who wrote books and produced videos that can help you along the way.
Being frugal is a key in ‘buy low, sell high,’ so do the best you can start on a frugal plan. And if you can maintain that plan well into business maturity, even better.
Blocking off time is a great way to isolate yourself to get things done, but you have to be sure you can be available in that blocked time.
3 min
About Two Minute Business Wisdom
From the publisher's feed
Independent business analyst and small business owner J Cleveland Payne offers success tips for business owners and professionals every week in a quick and concise format.