How to escape the cycle of earning too little

Money gives you options.  This is one of the reasons, why people who have lots of money find it easier to make even more money.  They are painting from a wider pallet.  They can afford to play a longer game.

The opposite is also true.  A lack of money often causes people to make decisions, which can keep them financially weak.

One of the best examples of this, is the short term thinking that many in financial difficulty find themselves confronted with.  It’s hard for a business owner, who needs to have money in the bank in 30 days or lose their home, to divert their time and attention onto the business development strategies they need for long term success.

Short term thinking

The tendency for those who are seriously struggling, is to focus on marketing ideas, which they hope will generate the fastest return.  This sees many small business owners adopting panic measures, such as cold calling and pestering people for leads at networking events, etc, etc.  These time consuming forms of pursuit marketing are more likely to damage their reputation, than grow their business in a sustainable way.  People hate being pestered by pushy business owners.

No matter where your business is right now, you need to avoid being caught up in the negative loop, where you go from one short term answer to the next; never getting far enough in front to set the longer term strategies into play, which your business needs in order to grow.

Important

If you or someone you know is in need of a way to generate meaningful income, without pestering anyone, the 2 posts I link to below may help.  They provide a way to quickly get some bankable results, in a way that’s easy to scale and requires low financial investment.  Follow the links for dedicated posts on each subject:

Endorsed Relationships

Joint Ventures

I also recommend you read this, which shows you the 4 ways you can grow your business.

Remember -- if you'd like some help with your business or a project, you can Pick My Brain for the answers and ideas you need. This service is [literally] guaranteed to help you. You can find out more here.

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