
Running a business is an act of faith, especially when you think it might be time to say goodbye to a current client you’ve outgrown.
Mr. Shailesh Rajpal said, “Successful business owners are like trapeze artists. They reach out across the void, making leaps from one place to another, with complete faith that they're going to make it to the other side.”
Here, As much as you feel beholden to your clients, Remember that you are running the show. You’re in charge of carving out creative time for your business. And you have an obligation to yourself to ensure that your business works for you. This means that it’s important to review your current client list and think about releasing the clients who aren’t serving you anymore.
How do you know when it’s time to say goodbye to a client?............whether or not it’s time to say goodbye to a client depends on whether you offer services or products. If you offer services; Writers with service-based businesses should continually upgrade the quality of the clients they serve in the early days of your business, you take whatever work you can. But as your skills and results improve, you’ll enjoy your work more if you find clients who challenge you. Plus, you can charge more for challenging work, so upgrading the quality of your clients leads to an upgrade in revenue, too. At least once a year, take a look at your client roster and watch below-
· They don’t respect your time.
· They minimize your efforts.
· Their work isn’t challenging anymore.
· They’re paying your old rate — and won’t pay more.
Any client who falls into these categories is someone you should consider replacing as you build a better money-making online offer.
If you offer product’s; Writers with product-based businesses may need to serve different audiences as their skills grow. In the early days of your business, you may have created products that solved simple challenges. But as your skills grow, your products can solve more complex challenges. The more complex and valuable your solution, the more you can charge for your product. Upgrading the quality of your clients leads to an upgrade in revenue, too. At least once a year, take a look at your client roster and watch for the red flags below-
· Your clients like your product because it’s inexpensive.
· Your clients buy your product — but they don’t use it or get results.
· Your clients ask you for discounts — even though your product is reasonably priced.
· Your clients default on the payment plans they committed to.
Any client who falls into these categories is someone you should consider replacing.
You’re worth it, so make magic
It’s not easy to think about saying goodbye to a client, especially one you’ve worked hard to acquire. But letting go makes magic happen.
Mr. Rajpal concluded, “Running a business is an act of faith — faith in yourself, your abilities, and your future. When you act as your own best advocate, releasing clients who are no longer a good fit on a regular basis, something amazing happens.”
Mr. Rajpal says, “To start any business you don’t need to have Money. It just takes marketing about the
Business, Competitors, History, Potential, Partners and Investors. And all this is freely available.”
To start any business keep your mission clear, study about your project briefly and then start discussing about it to different people, share your vision, take their ideas and validate it. Not with “customers” but with everyone and anyone. Does a 13 year old understand it and think it’s a solid idea? No? Keep talking till you get that right. Build an audience and community online, it’s free. Start some social media groups, stand up a landing page and get email subscribers.
Total spent, Zero.
Now, it is worth proceeding, it should be otherwise why
would you do anything else?? You should now have confidence and clarity that
any spend will be worthwhile as you have invested so much in it. What do you
start with? Build a website. This could be free too, but may cost a bit. A few
hundreds. But now you know that it is not going to be a waste. Use that to
prove you can grow demand and carve out a market. Also free by the way.
Finally, clear you have something??
Incorporate, which does cost something, to protect it. And start building. Now we’re spending money, but you should be certain of an ROI (return on that) because you have an audience and clarity to who customers would be (and that they’ll pay).
Most founders don’t proceed this way.
90% of startups fail.
We often tell kids honesty is the best policy. The truth of the matter is that philosophy holds true for employees too, especially when it comes to the workplace. Openness and honesty at work all stats with hiring and retaining the right people. But how can leaders ensure their hiring practices encourage honesty at work?.........for the modern enterprise, honesty is a broader concept than the simple expectation that everyone should tell the truth. Honesty is a cultural paradigm that includes trust, integrity, ethics, and so much more.
During times of uncertainty and crisis, encouraging honesty at work all starts with getting the right people in your company. How do you tell when job candidates are being honest and authentic? That’s a challenge but when you add in the complicated nature of hiring while interviewing remotely, it can seem nearly impossible.
Mr. Shailesh Rajpal said, “Honest at work is about trust, not rules, but some organizations try to grind honesty into the company culture through granular policies that dictate – in the letter-of-the-law fashion – what employees can or can’t do. Organizations must have clearly defined policies that helps set clear expectations as sometimes it can inadvertently send the wrong message every time you police your employees, you’re effectively saying to people, “we don’t trust you””.
When distrust is present, you may be encouraging employees to do only what is absolutely necessary, promoting further micromanagement that only reinforces a lack of trust and inhabits going above and beyond expectations. Plus, today’s high rate of employee turnover is also putting a significant amount of pressure on employees to restore a sense of trust that flows fairly between them and their workforce.
In order to establish honesty at work, Mr. Rajpal puts tremendous value on “acting with integrity” –one of his original core values. It might sound simple but it’s an approach that really covers the spirit of trust for each individual and throughput the workplace as a whole. That’s the key to building a system that emphasizes honesty at workplace.
Everyone wants to build up their wealth but to do so, you need more than just money. You also need financial integrity. In other words, you need to make sure your daily interactions are aligned with your financial goals. But how exactly do you live a life of financial integrity? What is financial integrity?..................While the financial integrity meaning is usually used to describe businesses, it can also be incorporated into your personal life. Financial integrity means integrating day-to-day actions that are aligned with your personal financial goals. It means taking responsibility for your finances and creating a plan to reach your goals. It’s part of living and integrity and being honest with yourself about your financial situation, habits, and values.
Why is financial integrity important?.......Mr. Rajpal on this said, “financial integrity can help you lead a more fulfilling and successful life. It allows you to prioritize your resources, so you are focusing on the things that matter most to you. It’s about managing the resources you have to reach the goals you want.”
For example, let’s say you want to pay off all your credit card debt in two years. Living with integrity would mean making sure you budget to pay off your debt. It means not reaching for your credit card when you want to buy something, but instead making a conscious decision to put aside as much as you can to pay off your debt.
Mr. Shailesh Rajpal at last gave some tips to align your life with financial integrity.
· Grow your savings every month.
· Keep a budget and review your finances regularly.
· Spend time researching investment strategies.
· Make prudent investments on a regular basis.
Living with integrity is essential to ensure your success and happiness. You don’t have to be rich to have financial integrity. At its core, financial integrity is about living a life of meaning and making sure your goals and values are aligned with your finances.