Madame Michele Predicts the Future of Your Business

By , Small Business Consultant and Marketing Strategist

Solo-E Certified Solo Entrepreneur Expert

Michele A Scism - Small Business Consultant and Marketing Strategist

Being in business for yourself can be very fun. After all, you set your own schedule, can buy the coolest tech toys (and deduct them!), travel meet amazing people and learn a lot about yourself.

But is your business is business, or is it a very expensive hobby? Here’s the test… are you making money. As a trained accountant, I have to add – at the end of the day (after you pay for the team, the travel, the gadgets) are you bringing in more money than you are spending? No? Are you past your first year in business? Yes.

OK… here is my prediction for you… Unless you change your ways, eventually you will have to get a job or drastically change your business (in ways you may not like) to pay the bills. If you happen not to be the primary breadwinner in your house, you might be able to hold on a bit longer… but eventually the rubber always meets the road. For a business to survive – it has to be profitable. There is no other way.

Although I don’t have a magic spell to help you avoid my dire prediction, I do have three steps you can take to build a business legacy (as opposed to a money-pit) hobby?

1. Decide You need to get off that fence and make a decision that you will do what it takes to make your business succeed. You need to treat it like you would a job (plus more). Would you change your personal plans to attend a mandatory work conference? Of course you would. Would you spend money on networking or a new interview suit? Career coaching? Anything to get ahead. You should twice as committed to your own business. (If you are a reader of this newsletter, you should consider Take Action Get Profits mandatory training. I expect to see you there. No excuses).

2. OK, I am known for being blunt, so here goes. The real reason most businesses don’t succeed is people aren’t willing to do the work. When was the last time you picked the phone (for business) and asked someone for something (or even had a conversation of how you can help each other)? Yeah I thought so. And, those are the easy conversations. The only way I know to for sure break 6 figures is to have a double digit number of sales conversations on the phone. No amount of social media can make up for pure hustle. Introverts – you are not excused… I am an introvert and I get it done. You can too. At my event, I will show you exactly how to have conversations that make you money.

3. Profit To be a real business, you need to make money. To make money, you need to have a goal and to know how many sales it will take to meet the goal and pay your expenses. Revenue does not equal profit. You need a plan – I will be showing you how to create the plan at my event.

Want a successful business next year? Here’s a shortcut to having the skeleton in place by the end of the month – come to Take Action Get Profits – learn and then implement. Your business will never be the same.

Michele Scism is a decisive, driven and committed entrepreneur who helps successful business owners create passive income streams so they can stop working so hard and start enjoying the benefits of entrepreneurship.

Michele’s business expertise has been highlighted recently on NBC, CBS, Fox, Entrepreneur.com and Forbes.com. She is an international speaker, best-selling author and the Founder of Decisive Minds.

She is a serial entrepreneur who knows how it feels to fail miserably at business, at one time the bank actually called demanding their $1.5 million back, and also knows how it feels to sign the contract to sell your company for $9 million dollars. For business building tips visit http://DecisiveMinds.com

© Copyright 2014 Michele A Scism

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