Business Corner: Do What You Love & Love What You Do
Is your heart in your work?
Most people spend the majority of their time at work. Wouldn’t it be great to love what you do? There are people that have chosen to do what they love. The most successful business have been built with passion and love. How can you convert what you love into a successful business?
Take some time to brainstorm some ideas for your business. You will want to be able to drive demand for your products and/or services. Spend some time thinking about these questions:
- COMPETITION: Where can customers find similar products or services?
- QUALITY: How does the quality of your products or services compare to others?
- COST: What is the price of your products or services? How does it compare to others offering similar items?
The critical question is how are you different from everyone else? Why would people choose you or your business first?
Most business owners do not completely understand their financial structure. If you do not completely understand your financial forecast, budgets/goals and actual revenue streams, you may not be able to make good decisions for your business.
- REVENUE STREAMS: How many revenue streams do you have in your business? Which ones produce the most revenue?
- REVENUE DISRUPTIONS: Is your business impacted by seasons, holidays, etc?
- NET REVENUES: What is the cost of producing your products or services? How do you account for overhead and operation expenses?
You must be able to quantify your cost structure verses the revenue that you are receiving on a regular basis. At the start of a new business, you must be prepared to invest your time and money to start and build your business. It can take 3-5 years to have a solid foundation in your business.
You must be continuously re-evaluating your business and competition. If you are not aware of the market and your customer expectations, you will not be successful long term. The market and customer needs seem to be changing all the time. It is important to be flexible without being out of control. Make sure that you have a clear strategy that allows for flexibility.
Take the time to examine and be observant of other businesses in your market that are successful. What is their focus and strategy? You never want to copy someone else, because you will not create success through someone else’s game plan. The best strategies will align with the business focus and the customer’s expectations.
Are your ready to be a spiritual business owner?
Written by Vialet Rayne, Magical Creator of Discover Your Spiritual Gifts
Vialet has been on a healing path her whole life. She has been called a spiritual guardian that is strongly connected and highly intuitive. A teacher, coach, healer, and spiritual leader that dreams of a peaceful and harmonious world.
Her mission is to provide individuals with the tools and resources to discover their own healing powers within themselves so they may empower their own lives. Vialet's spiritual journey has provided her with everyday life rituals, experiences, and spiritual wisdom that allow her to overcome difficult situations and to create a life that she has always dreamed of.
Vialet wants everyone to discover their spiritual gifts in the tools and rituals that will improve their lives and the lives of their families. Find out more about her here.