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Five Tips to Turning Your Job Into a Business

People often need to choose between career and passion. However, becoming your “own” boss is not impossible. There are times that your passion may include building a business that will not only earn you great income but also help other people.

There are indeed pros and cons to building a business. However, starting with what you do best and what you love most is a great way to commence your business.

Here are five tips you need to know in running a business doing what you love most.

1. Before quitting your job, study your company’s structure. For instance, know what their limitations and strengths are. Identify their loopholes and how they treat their clients and customers. Study their values and how they perceive their goals. From there, you can start by creating a comprehensive plan of your own business.

2. Become an expert in the field before anything else. Your job is not just a job. It is also an extension of your life’s work. Make sure that you excel in the field that you love and try to learn other aspects of running a business. In this way, people will start respecting your work and your company because you know what you are talking about.

3. Be careful with the people you listen to, especially whom you talk to about starting your business. People tend to initiate and emphasize the risks and fears of running a business. This is not bad, after all. However, it is best to consult with experts, people who are successful in building a business from their passion. Never let people drag down your dreams in becoming your “own” boss.

4. In your business plan, including your goals for the next coming years and the people you may want to joint venture with.

5. Be mindful of loans. If you don’t have enough savings to start up your business, usually we go to borrowing money as our next plan. However, business loans and debt financing can impose a vast amount of burden on start-up businesses. It is best to consult with experts in managing your loans and debts, and it is vital to familiarize yourself with the risks as well.

If you want to hear it from people who successfully drive their business to success, come and join us at Magnify Your Money, Business and Life. We are proud to present this 1-day workshop on July 23, 2019, created just for you to help you gain more secret tips and strategies to grow your business.

See you there!

Time Management Tips for Business Leaders

There are no easy steps in running a business smoothly. You may find unexpected situations that will test your ability to solve problems inside and outside your business realm.

One of the many challenges you may experience is time management. However, methodically reviewing your business task list is a must to instil focus and discipline for you and your team.

Here are three time management tips you need to accomplish to meet your goals.

1. Calendar audit. Review your calendar, never take your business deadline lightly. It is best to have a sit down with your management to assess at least three months of your company’s tasks. With this, you will be able to analyze your priorities, urgent tasks, projects, and what functions that require collaboration. Include chunks of time in accomplishing each task.

2. Take away unimportant activities. We may be distracted with other activies that may help pull down our required productivity in a day. Before starting your day, set your agenda and never lose track. Start your day by doing urgent tasks. Once you start working, limit interactions and distractions. However, take at least 15-minute rest every two hours.

3. Collaborate more when you need to. Never forget that your business does not run relying on one person. When there are many tasks, do not hesitate to deliberate on who gets what and who gets to help who. Share your tasks. Again, do not hesitate to ask for help when you need to in accomplishing the assigned tasks.

Time management is essential to completing tasks. Time is a significant resource for all businesses. It is always vital to stay in control of your time for the benefit of your business’ success.

Are you a passionate business leader who wants to learn more? We have good news for you. Come and join our 1-day workshop event Magnify Your Money, Business, and Life on July 23, 2019 to help you gain more insights about growing your business successfully.

See you there!

Thinking Long Term For Your Business

Before building your business, people often ask what your short and long term goals are. Goals need to be measurable that need to fit your time, resources and limitations. We often believe in overnight success stories. However, venturing and running a business in a very saturated market requires a time of at least five years.

Correctly, building a business also means creating a legacy that does not only help you but also helps other people that are affected by your business directly or indirectly.

Avoid short term loops and start getting into long and measurable goals. Here are some goals that you need to start considering.

1. Initially, you need to assess your ambition because this dramatically affects how you perceive your long term goals. Market trends or new features all come before starting to run a business. Solving market trends means offering a quick solution, but this does not guarantee development.

You ambition guides what values your business carries. Legacy building allows room for beliefs and values to guide what the company holds. In this way, your goals are fixed yet measurable. However, if you create short term goals, it is as if you’re sprinting. It is best to ensure that your brand’s values thrive on empowering your employees and embraces change.

2. By the end of every buyer’s journey, customers are the co-authors of your business. Meaning, they help advertise your brand. Thinking long term does not include hoarding information and telling customers what they should do. Start creating and growing your social influence by letting customers tell your story. Be open to reviews and constructive criticism. 

3. Mastering the rule that every business must have profit come first is for short term builders. Long term goals ensure lasting change for the business and the community. Long term thinkers cultivate relationships with clients and employees. Exceed your clients and customers expectations and be honest when there are mistakes.

Thinking long term for your business may not come easy at first considering your start-up limitations. However, it is always vital to know who you are, what your brand believes in, and how to extend help to the community without compromising your profit.

Do you want to learn more about thinking long term for your business? To know more tips about this, come and join us at Magnify Your Money, Business and Life on July 23, 2019.

We will be sharing with you proven methods and business strategies.

See you there!

How To Balance Your Time With Your Family and Business

Balancing your time is essential, especially if you have your own family. Every decision that you make affects different aspects of your family members, especially for children. Children’s growth requires time and focus from parents, but at the same time, you will need to earn for the future of your children.

According to the Australian Institute of Family Studies (2015), fathers take up at least seventy-five hours of work and housework weekly. Only thirteen of these hours are for children and family. On the other hand, mothers work at least seventy-seven hours weekly including professional work and household and twenty-seven of these hours are for children and family.

Choosing between your family and business should not be the case; it is always vital to look for solutions that benefit both at the same time and the same level.

For parents who run a business, here are three ways to manage your time for your family.

1. Learn to separate and combine. For couples running a business together, it is significant to know each other’s weaknesses and strengths. It is best to chat to each other before putting up a schedule that best caters to your business and family. In this situation, you have three priorities– your family, your business and each other. Take turns on who goes to the office and who stays at home to take care of your children. On weekends, free your schedule for family date nights or lunches. Lastly, always try to come home for dinner every day.

2. Always come home relaxed and calm. After coming home work, take time to change and shower. Your mood affects your children. They will need your sense of happiness and calmness. Be aware of how you communicate and try to avoid complaining in front of your children. If there’s time, help them out with their homework.

3. Schedule a game or movie night. Even after a tiring day, it is best to commit at least one night on weekdays for a hobby that you and your family enjoy. Some ideas may include computer game night or movie screening. Come home early on that night and make it a habit weekly.

Whatever way, manage your time between work and home, always make sure to talk with your children regularly. When creating family relationships and stronger and tighter bonds require flexibility and patience.

Do you want to learn more about balancing your time with your family and business? Don’t worry. We have more tips for you. Come and join us at Magnify Your Money, Business and Life Event. It is a 1-day workshop for business leaders and enthusiasts who are passionate and driven in their work and with their family.

See you there on July 23, 2019!

Learn this Art to Manage Your Business and Life

You are so busy with running your business that you don’t have time for anything else.

You don’t have enough time to spend with your family. Yet they are your inspiration, your reason that you are doing your very best to grow your business. You don’t have time to socialize with friends, colleagues, and other people. Yet they’re the ones that you are able to let off steam after a challenging day at the office.

You want to do all these things, but you simply don’t have enough time. You are probably at your wits end on how to do everything for your business and still live your life.

Better learn balance. Balance is key,” wisely says Mr. Miyagi, the fictional karate master in a blockbuster ‘80s film.

Yes, balance is the key. Striking a balance is the key to have it all – a successful business and a life of your dreams. It is an art that you, as much as everyone else, need to learn so you can give time and focus on things that are essential to you.

Finding that right balance is never easy. Here are some tips to help you in your journey to find the right balance that will work for you.

Prioritise things

List your priorities — from the most to the least important. From that, make some changes or trim your schedule. For instance, you can make sure that you finish all important business-related tasks for the day, and leave other unfinished tasks for the next day. Doing this ensures that you can leave your office at the end of your work day. Most importantly, this ensures that you get the time to rest and spend quality time with people who matters in your life. You can also spend the time on your personal activities.

Take a technology-free time

Thanks to technology, you can access everything from anywhere and at any time. You can check your emails, receive business calls, conduct virtual meetings, and do a bunch of other business-related tasks. This lets you continue your work even after office hours, making your business “work day” seems endless.

Don’t get caught up in it all, though. Don’t get overworked and overstressed, so make sure that you take a technology-free time for a few hours, or even a day. Turn off all your devices and spend this time with people who matter to you. You can take this time, too, to spend time on your personal activities.

Take time for yourself

Do some exercise, meditate, have a good massage, and other stress-relieving activities. Doing such activities clear or de-stress your mind and body. These also help you stay sharp and ready to face any challenges ahead.

Find the right balance in your business and life that will work for you. Join us in our “Magnify Your Money, Business, and Life” event on July 23rd in Loxton. Book your tickets now and boost your money, business, and life beyond your expectations.