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Money Saving Tip Sheet
Choose Your Business Carefully

Leadership-Tools Original Article

Our money saving tip sheet will assist you while determining your new business.

When you are trying to choose the best business for yourself, it is easy to get caught up in the belief that what you have been doing, you must continue to do.

Without careful consideration you may end up trading your small office or cubicle at work for a small room at home that keeps you just as tied down as your old job.

Or you may end up having to spend most of your day pounding the pavement on sales calls when what you really want is to remain at home for most of the day.

Our money saving tip sheet will help as you "feel" your way to your new business before you actually start it.

You may want to try using visualization to get a mental picture of what your day will actually be like during your new venture. By doing this, you will discover what you will be feeling as you go through a typical business day. You can then use this information to help you determine if you are on the right professional track.

It's important to evaluate the lifestyle of your business direction before actually investing money, time and energy into it.

Going into business for the wrong reasons (ie., a panic decision to quit an undesirable job, impulsively starting a business just because, or to simply have more time) without adequate research can be a ticket to failure, either in your professional life, your personal life, or both.

The following money saving tip questions are a simple way to get you thinking about what your day will look like once you own your business.

As you consider each question, notice how you feel. Do you feel tense and agitated as you read each money saving tip question or are you getting excited and motivated?

Even if you don't know the reason why, listen to your feelings and trust yourself. These questions are truly important. We call this our money saving tip sheet because if you move forward in a new business venture without being very clear on what you want in the end, you’ll not only waste a lot of time but also a lot of money.

MONEY SAVING TIP SHEET QUESTIONS:

1. It's time to get ready for your business day. What time is it?

2. You get dressed for work. What do you wear?

3. Someone depends on you before you leave. Who is it? What do they need?

4. You open your door to your business. Where is it located? What does it look like?

5. You look around. Who else is there with you?

6. You produce (or handle) the product of your business. What is it?

7. A customer purchases that product. What does he/she look like? Male? Female? Age? Occupation?

8. You've started building customers. Why did the customer choose your product/service and how did he/she know about it?

9. You think about your product or service. What does it cost? How did the customer pay for it? Cash? Credit Card? On account?

10. You glance down at your customer list. What and when will he/she purchase from you the next time?

11. It's lunch/dinner time. What are you eating?

12. You eat. Where? With whom?

13. The morning has come and gone. What do you see yourself doing during the second half of your day. Producing something? Selling something? Going somewhere?

14. It's time to close up. What time is it?

15. You prepare your bills or count your money. How much did you "make" today? How much is in actual cash? How much is owed to you?

16. It's time to go home. Are you going straight home or do you have to stop somewhere first?

17. You've arrived home. Do you have household responsibilities when you get home?

18. You need to do book work/paperwork for your business. When do you do it?

19. You want to talk about your day with someone. Who do you talk to?

20. You prepare for your business for the next day. What do you do?

21. It's time to sleep. What time is it?

We hope our money saving tip sheet has been helpful as you begin to determine your new path. If you truly are on the right path, then after reading this list you are no doubt feel quite at ease with your decision.

If however, after completing this preceding list of money saving tip questions, you feel confused or unsure – then STOP, and reevaluate whether or not it is wise to move forward.



More Leadership Articles - Business Planning:

» Identify Your Calling - Take Our Small Business Idea Assessment! New!
The next best business idea is just around the corner, and perhaps staring you right in the face!

» Starting Up A Business? What You Must Know! New!
These certain characteristics are essential to new business owenrs.

» Financial Requirements For Starting Your Own Business. New!
When starting your own business it's critical that you have appropriate financial requirements in place.



Leadership Tools & Resources

We're constantly on the lookout for highly effective money saving tip tools and resources that we can recommend to our readers. Share your own helpful hints and tips here.




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