Sometime soon I am going to do something I have not done in years.
Take a family vacation.
That may not seem like such a big deal, but I somehow lost the ability to do that after a parent became ill in 2007.
Oh sure. I have taken days off, but not for real, get out of Dodge, turn off the cell phone, and ditch the lap-top time.
A community of entrepreneurs I am a part of, calls these days "Free Days." Those are defined as 24-hour periods, midnight to midnight, where you are completely disconnected from work.
How will I possibly do it?
By investing some time and energy in delegating to a crack team, and outsourcing some things that need to be done, but are not my unique ability.
AND by planning for a productive week of both revenue generation and business tuning upon my return.
Thinking on this, I realize that to stay fresh and creative, I have to keep Free Days in the mix as part of my regular schedule, not as treatment for burn-out.
That is how to make sure I can continue to create value.
Showing posts with label Dan Sullivan. Show all posts
Showing posts with label Dan Sullivan. Show all posts
Thursday, February 23, 2012
Wednesday, July 13, 2011
Value Creation and Multiple Income Streams
Each year, I do an exercise called a "One Year Planner."
It has ten objectives I want to achieve to make progress in important areas of my life.
The "OYP" I laid out in May included an objective of developing new income streams.
Why?
Dan Sullivan is co-founder, with his terrific wife - Babs Smith - of The Strategic Coach in Toronto, ON. Dan points out that if one is an entrepreneur who happens to be a CPA, the creative possibilities are much greater than being hemmed-in by the reverse.
In our law firm, we have had several ideas for related businesses, for which we have identifiable demand, that are not professionally legal in nature, and could create value for clients and their other advisors with Unique Processes(tm). Maybe it is time to act on those.
Recently, I have been exposed to ideas that MDs, CPAs, pharmacists, and educators have leveraged into various multiple income streams.
The point is, this is still an economically free society. God made us in His image, and He is creative.
The possibilities are pretty much endless.
It has ten objectives I want to achieve to make progress in important areas of my life.
The "OYP" I laid out in May included an objective of developing new income streams.
Why?
Dan Sullivan is co-founder, with his terrific wife - Babs Smith - of The Strategic Coach in Toronto, ON. Dan points out that if one is an entrepreneur who happens to be a CPA, the creative possibilities are much greater than being hemmed-in by the reverse.
In our law firm, we have had several ideas for related businesses, for which we have identifiable demand, that are not professionally legal in nature, and could create value for clients and their other advisors with Unique Processes(tm). Maybe it is time to act on those.
Recently, I have been exposed to ideas that MDs, CPAs, pharmacists, and educators have leveraged into various multiple income streams.
The point is, this is still an economically free society. God made us in His image, and He is creative.
The possibilities are pretty much endless.
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