Forums: Discussions for entrepreneurs and small business.

Hey, it`s the classic "ready to party, will anyone come" problem. I think it`s aggravated by having a standalone office, with that overhead you`ve mentioned.

I can see two options, because the company sounds fine, and yes, it`s VERY early in the game. The one would be to get rid of the office, run your business from home, and remove the worry about the overhead.

Another option would be better: Start offering seminars to people, geared toward both educating them on this "coaching" they`ve been hearing about, and in signing them up for an initial "trial run" of your service. The trial run should be long enough that they get a clear benefit, or can see the soon-to-come benefit, and also pay a useful portion of your overhead.

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I think that`s the normal life of an entrepreneur ... I wouldn`t take Dale`s comments to heart too much.

That overwhelming blah feeling is a lack of knowing what the next step is. It`s why I wrote Be Your Own CEO. You might find it useful.

BTW - CUT THE OVERHEAD. Lean and mean is the way to go or you`re not going to make it!

:-D Excellent news! Now parlay that into something diversified, so you`re not putting all your eggs in one basket. And, agreeing with Nikole, cut back on the overhead.

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I am looking to do something on the self-employed option while I sit here and manage my business. I can`t go back now that I had invested in a little bit of beautification work, infrastructure and all that -- so, I should let the retail business take its time. But meanwhile,

• I can probably write and earn money to pay off the over heads. It`d bring me 2 streams of income while the rents and bills are paid up?
• Use the center to run an office of some sort that provides some service?
• Start a web services business right out of the same office space?

Man, I got space and I am paying for it already, something can be done, right? My clients usually turn up early mornings and evenings. The rest of the day, nothing happens.

What say?

 

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Diversification is always a great idea, particularly when it`s related to invested resources. I know the realtor I`m working with is sharing office space, for a fee, to other small-business owners who are just too small to really need a complete office.

I`m a writer, contemplating a novel, and I know that the discipline of getting up and going out the door to an office would likely go a long way toward getting the novel writ. But I don`t want to really rent an entire office. I would consider renting one of your office "areas," and all it would involve would be a computer and some sort of desk, chair, and perhaps 1 file drawer.

Maybe you could put some ads out or talk to folks in the area, and do something along those lines?

My best recommendation is read. Read a lot. It will preoccupy your mind. Read self help books like anything from John C. Maxwell. Here`s something I got from one of his books: Act motivated, positive and excited about doing something and you will begin to feel the same way as you do it. If you wait until you feel good about proceeding, you never will. That`s not a direct quote but a paraphrase. Anyway you get the idea.