Chapter 1: Understanding Productive vs. Busy

Are you feeling stagnant in your business growth?

While there are various metrics to gauge success, let's focus on a straightforward one: income. This is a tangible measure, and at the core of business is the objective of generating revenue. So, how are you spending your time?

Many individuals feel overwhelmed with busyness, yet they often notice minimal advancements in their income. Why does this happen?

Take a moment to critically assess your daily activities. What exactly fills your schedule?

Analyzing Your Daily Tasks

Once you’ve compiled your list, evaluate how many of those tasks contribute to generating income.

For instance, if you find yourself spending hours on social media, binge-watching shows, or socializing when you should be working, these activities are not generating revenue.

Sure, this seems like common sense, but many of us fall into the trap of allowing such distractions to consume our time.

Defining Income-Generating Activities

What qualifies as an income-generating activity? Here are a few examples:

• Writers: Focus on writing and publishing articles.
• Sales Professionals: Engage in making calls and connecting with prospective clients.
• Network Marketers: Reach out to potential customers and recruits, while also training team members.
• E-Commerce Entrepreneurs: Regularly list new products and promote them.

A Suggested Approach

Regardless of whether you enjoy making “To Do” lists, I recommend adopting this practice. Keep your lists concise—don’t overload them to the point of frustration.

Start your list with at least one income-generating task. While I advise including two or three, having at least one will set you on the right path.

You can also add a couple of non-income generating tasks towards the end. Tasks like bookkeeping and administrative duties are essential but should not overshadow revenue-producing activities.

Conclusion

If your business isn't yielding the desired results, consider these steps:

1. Identify the tasks that generate income.
2. Create a daily “To Do” list, prioritizing income-generating tasks at the top.
3. Place necessary but non-revenue-generating tasks towards the bottom of the list.
4. Keep your list manageable to foster a sense of accomplishment.

Ultimately, the takeaway is clear: neglecting income-producing tasks will result in stagnant income!

How do you structure your day to maximize your earnings?

Chapter 2: Practical Strategies for Entrepreneurs

In this episode of "Above Board," the focus is on "Avoiding the Behavior Gap." This video discusses strategies to help entrepreneurs recognize their behaviors that hinder financial success and how to shift towards more productive habits.

The next video, "Tips for Managing Inconsistent Income As An Entrepreneur," offers practical advice for entrepreneurs dealing with fluctuating income. It emphasizes the importance of financial planning and strategic decision-making to enhance business stability.