I was originally going to call this “3 Things To Master BEFORE You Start Up Your New Business.”
Then I realized that it’s still an ongoing process – and who knows if any one ever really fully masters ALL these things, especially all at the same time.
I guess it’s more like “3 Things To Master In Order To Really Get Your Shite Together.”
Or something like that.
What Are You Really Talking About Liz?
What I’m really getting at is that there are some fundamental, skills, elements of life, maybe –that really do need your attention on an ongoing basis.
They’re kind of like the programs that need to keep running in the background in order to maintain balance in your life – especially when you embark on a new business – or any new venture.
They’re like the motor in your car – they need attention and maintenance, or they might just stop one day, and then you’re not going any where, no matter how nice the upholstery, or how good the stereo.
These are the things that keep things going – for you.
The 3 critical elements are:
Whether you like it or not, these elements pretty much drive how we live our lives in the modern world.
When it comes to work, your job, and your business, how these three things play out is critical to whether you are creating balance, quality of life, and space for the things you really want to do.
It’s part of the system that’s been created. It is what it is, but it’s a constant balance between the three.
Let’s look at how this plays out when it comes to you and your business:
- Time – If you want more time for you and your business, you need to work less, for less money, and spend less energy on other things.
- Money – If you want more money, you work more, so have less time and less energy available for you and your business.
- Energy – If you want more energy for you and your business, you put less into work, for less money, and less time into other things.
Let’s consider each of these in more detail.
01 – Time
Time is a complex thing.
When you get into the science of quantum physics, “clock time” as we know it, exists in the horizontal.
That is, we experience it in a linear fashion.
We have cycles and clumps of time – a lifetime, decades, years, months, weeks, days, minutes seconds…
Every body has the same amount of time. Perhaps it varies between lifetime. But, essentially, every body has the same 24 hours of “clock time” in a day.
So the question is – where are you spending your time?
Are you spending it on other people’s agendas – your bosses deadlines, your friends invitations to things you really don’t want to go to, family “obligations.”
Are you spending your time on other people’s stuff – or your own?
Not enough time?
If you think there’s not enough time in your day…
You have exactly the same amount of time as Richard Branson, Oprah Winfrey, every other person on the planet.
The question is…what are you doing with it?
02 – Money
When it comes to money, it may often seem that so many of our decisions are made around money:
- The job you work
- The car you drive
- Where you live
- The experiences you have…
If you live in the Western world, you need money to live. It’s just how it is. As a general rule, you need to work (somehow) to make money.
Money is a representation of the value that you provide – in terms of your skill set, or perhaps your ability to generate income.
If you’re an employee, money is a representation of your hourly worth – how much value you can provide in an hour.
How much money you need, and therefor how much you need to work, is dependent on the following:
- How much money you need to live.
- How much value you can create in an hour of your time (ie. Your hourly pay rate).
- How many hours you need to work.
Not Enough Money?
If you think there’s not enough money…
People are making money out of nowhere every day – doing deals and playing the game.
Money is just a representation of your “perceived value.”
The question is – how much value do you currently provide?
And, how much value can you really provide?
03 – Energy
The final part of the triad is energy.
Energy is one of those intangible things – it’s kind of how inspired you are, how much get up and go you have.
It’s kind of a catch-22.
- Energy is created by doing things that you love and are passionate about. The more you do them, the more energy you have to do more of them.
- Energy is drained by doing things that you don’t really want to do. The more you do them, the more they suck you dry, and the less energy you have for what you really want to be doing.
You might have all the time in the world, and all the money in the world. But if you’ve gained it by working in a job you hate – that’s sucking all your energy…you won’t have the energy to enjoy hte time and money.
Not Enough Energy?
If you think there’s not enough energy…
Energy is eternal and you can raise or lower your energy levels.
The question is:
- Are you doing things that you love, and give you more energy; or
- Are you doing things that you hate, and that drain your current energy.
It’s up to you.
Are You Ready To Start Up Your New Business?
If you’ve got a shortage of time, money and/ or energy, then chances are you haven’t started up your new business quite yet.
You’re not ready – there’s too much to sort out.
That’s okay. This is such a common situation.
I’ve done it – multiple times.
Figuring I’ll work really hard to get the money so then I can take the time to figure it al out.
It doesn’t work – you end up spinning for ages.
3 Steps To Get You Ready
Waiting to get this stuff sorted before you start up your business, is NOT the way to go.
The key is to focus on this stuff now.
Because when you focus on your time, money and energy, you will automatically create the space for you business to get started.
Here’s a few things you can do right away in each of these key areas:
- Consider how much “unpaid overtime” you are doing in your work. Stop it. Or at leas cut it back, or ask to be fairly paid for it.
- If you travel to work, how much better can you use this time. Do you randomly surf the net or could you be reading a book on Business Start Up?
- Money – Are you really getting paid your value? Is it time to ask for a raise, start delegating, or look for a new job?
- Energy – Pick one thing in your life that drains your energy, that you really don’t want to do. Now, commit to stop doing it, or at least cut it back to half the energy or time you’re investing in it.
If you want to go a bit deeper with this and see how ready you really are to start up your new business, make sure you…
Otherwise, I hope you’ve gotten a couple of ideas of how to get ready to start up your new business -or at least get things into more balance.
Either way, make sure you take one step to move you forward.