I recently drove by a business that had a sign out front that read
"Closed due to illness".
This meant that the cash flow would stop until the owner was able to return to work.
Even worse, the business would not be able to generate revenue for the owner when it was most needed.
Take the following steps today to ensure that your business will still be working when you are not able to.
1. AUTOMATE YOUR BUSINESS:
Automate as much as you can in your business so that you can not only make money while you sleep,
but also when you are sick and can't operate the business.
You can automate follow-ups using autoresponders,
and the sales process using a shopping cart.
Think of other areas of your business that are vital
to its success, and automate the processes if you can.
2. CREATE SYSTEMS:
Think about your daily routines in your business.
Which routines are vital to the success of your business?
Turn these routines into systems by documenting the steps
necessary to complete them.
Create binders for your systems so that your assistant
or partner can complete certain projects in your absence
using the steps in the binders.
3. PLAN AHEAD NOW:
Will you hire an assistant or temporary manager to
operate your business in your absence?
Then do the research now to make it possible.
Write down all the attributes you want for your assistant.
What duties will they perform during your absence?
What resources will be available to them to carry out
their duties?
Choose your assistant now so they will be prepared
to come aboard when you need them to.
You don't have to hire them now, but make it easy
on yourself by already having someone ready to help you
operate your business when you are not able to.
Let this person know what your goals are and give
them a binder containing your standard operating
procedures and the resources for them to complete
their duties.
4. CREATE MULTIPLE STREAMS OF INCOME:
If you are the only one able to operate your business,
you definitely need to ensure that your cash flow will
not stop when you have to stop working.
Create infoproducts now to generate more revenue
for your business.
If you are not able to physically generate revenue for
your business, your infoproducts will be able to.
Automate the sales process so that you don't
have to worry about the cash flow when you are
not present.
Cash flow may be the lifeblood of a business, but make
sure it doesn't stop flowing when you are not able
to operate your business.
Copyright 2004 Black Unicorn Communications, Inc.
All Rights Reserved.
Black Unicorn Communications helps
Independent Service Professionals
attract more clients in less time.
Visit www.blackunicorninc.com
for a FREE Business Success Toolkit.
AP - Wall Street headed toward a higher open Tuesday, following a now-familiar pattern of snapping back after a huge selloff. Investors, while looking for bargains, are focusing on the health of retailers and automakers.
AP - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive.
AP - Walloped by the recession, automakers' U.S. sales are plummeting as hard-to-get credit, job losses and other stresses make many Americans wary of taking on big-ticket financial commitments.
AP - Thailand's prime minister resigned on Tuesday after weeks of protests that paralyzed his government and closed the capital's airports. Cargo flights resumed and protesters promised to lift their siege by Wednesday.
AP - A special Iraqi court sentenced Saddam Hussein's notorious cousin, "Chemical Ali" Hassan al-Majid, to death Tuesday after convicting him of crimes against humanity for his part in crushing the 1991 Shiite uprising in southern Iraq.
AP - Georgia voters returned to the polls Tuesday to decide one of two unresolved U.S. Senate races that Democrats need to win for a 60-seat majority impervious to GOP filibusters.
AP - India picked up intelligence in recent months that terrorists were plotting attacks against Mumbai targets, an official said Tuesday, as the government demanded that Islamabad hand over suspected terrorists believed living in Pakistan.
AP - Shaking hands with yourself is an amusing out-of-body experience. The illusion of having your stomach slashed with a kitchen knife, not so much.
AP - She did it again: Britney Spears was the most popular search term on Yahoo for the fourth year in a row — her seventh time topping the list.
AP - Chris Quinn hit a tying 3-pointer with 7.1 seconds left in overtime, Michael Beasley stole the ensuing inbounds pass and made the decisive free throw, and the Miami Heat pulled off a wild 130-129 comeback win over the Golden State Warriors on Monday night.
Reuters - Thai Prime Minister Somchai Wongsawat was banned from politics for five years and his party disbanded on Tuesday, plunging the country deeper into chaos and raising fears of a violent backlash by government supporters.
Reuters - The European Commission on Tuesday promised measures to get state-aided banks to start lending to the real economy but EU finance ministers squabbled over ways to push back against the global financial crisis.
Reuters - The U.S. state of Georgia votes in a run-off election for U.S. Senate on Tuesday that will help decide whether Democrats gain a big enough majority in the chamber to ram through legislation virtually at will.
Reuters - Oil pared losses on Tuesday after an earlier fall to a new 3-1/2-year low below $48 a barrel, weighed down by heavy losses in global stock markets after confirmation that the United States was in recession.
Reuters - The chances of a terror attack on a major city somewhere in the world using weapons of mass destruction are better than even, according to a task force mandated by the U.S. Congress, The Washington Post reported in its Tuesday edition.
Reuters - India demanded Pakistan hand over 20 of its most wanted fugitives as a sign of good faith on Tuesday, while both sides tried to cool tensions over the Mumbai attacks that have threatened improving ties.
Reuters - Spending a lot of time watching TV, playing video games and surfing the Web makes children more prone to a range of health problems including obesity and smoking, U.S. researchers said on Tuesday.
AFP - A Thai court stripped Prime Minister Somchai Wongsawat of his post and outlawed the ruling party on Tuesday, prompting jubilant anti-government protesters to lift a blockade of Bangkok's main airport.
AFP - Pakistan offered on Tuesday to work hand-in-hand with India to track down those responsible for the Mumbai attacks but declined to respond immediately to a demand that it hand over 20 terrorist suspects.
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