Here’s a common scenario so many entrepreneurs ask about – say you’re a photographer whose bread and butter is taking pictures at weddings. You can always rely on that work for earning extra income, BUT you’d rather be creating your own curated shows and selling pieces. The wedding jobs just keep rolling in, which is great for your bank account, but not so great when you have no time left for what you’re really aspiring to do.
Learning to say “no” to work that would earn extra income but that’s not in line with your business goals isn’t always easy, but taking on all that work could be limiting your future success. My friend Danielle LaPorte said it best during my Limitless online summit:
“A ‘no-thank-you’ today leads to the right ‘yes’ tomorrow.” -@DanielleLaPorte via @NatalieMacNeil (Click to tweet!)
Join me for today’s episode of She Takes on the World TV and I’ll show you how to turn down work that isn’t serving your purpose while still earning the income that you need:
Click here to watch this week’s video: http://youtu.be/brlulpKncCM
To recap, here are four steps you can take to earn the income you need and have the time to grow the business of your dreams:
- Look at your budget and figure out if you truly need that revenue stream that comes from your “bread and butter” work. If you can pay your bills without it, drop it fast!
- If you do need the money, figure out the minimum amount of revenue you need from that stream and commit to not taking on any more work than that.
- Set up a schedule of non-negotiable time that you set aside solely for the purpose of developing the business of your dreams.
- Shift your mindset – I know what it’s like to be in a position of needing funds to build your business and being afraid to say no to any extra income. But trying imagining that every “no” you say now opens the door to a future “yes.”
My actionable for you this week is to create your own budget so you can set a cap on the number of hours you’re working on projects that don’t really light you up.
If budgets aren’t your thing, I highly recommend hiring someone to do this for you or exploring some of the great do-it-yourself resources available now like Wave, which gives you a snapshot of your business and personal finances, or LearnVest and mint.com, both of which have tools and exercises that can help you figure out your finances. Having your finances in order is the only way to shift your business to a place where you only work on things that bring you joy.
***Be sure to leave a comment below and let me know what you’re going to start saying no to so that you can start saying yes to more of what you love!***