Paddi Lund (www.PaddiLund.com) has some great advice today in his newsletter. He is a dentist gone entrepreneur, but is most known for changing his reality by firing D clients, only accepting new clients upon referral, and insisting that he receive a certain number of referrals from each client! Here are some payoffs he experienced when he first fired D clients:
Simply “firing” his D customers immediately freed up 30% or more of your time … time which then is used to focus more attention on A and B customers with an instant increase in sales results as a consequence. Fewer hassles, more money – all good, right!
This has had a dramatic effect that is virtually responsible for every great innovation that followed in Paddi’s business.
Here’s why. Here’s the secret: S P A C E !!!
You read that right. Space. Time. Freedom from pressures.
Quite often when we start out in business we struggle to find the model that pays off. That’s just business. It’s hard. Very few people jag it and produce massively profitable businesses right from the get go. But even for those people, a similar process occurs. We get so busy, so caught up in the frantic pace of getting everything working that we get completely lost in the day to day pressures of it all.
Bills to pay, customers to see, people to hire, people to train, people to fire (because we never got around to training them!), marketing to write, advertising to try to forget (because it’s not working and you don’t know why), family to please, fatigue to fight … in business it just goes on and on and on and on and on and on and on …… and on and on and on and on!!!
Before you know it, you have absolutely no S P A C E to think, let alone work on the business.
But that’s exactly what Paddi found when he “fired” his D’s. He was making just as much money, or more, and now he had S P A C E to truly start thinking clearly about his business.
Michael Gerber, author of the famous E-Myth, later called this vital discovery “Working ON the business, not IN it.”
———— A Fundamental Difference ————
Now, this isn’t the same as having lots of time on your hands when you’re young and starting out and don’t have any customers yet. Not the same at all.
There’s a fundamental difference between the time that the ABCD’s buys you and the time you have on your hands when there’s not much business on.
1) Ongoing Cashflow gives you room to breath
Say no more. Free time alone just won’t get you fed.
2) Experience gives you lots of information to work with
If you’re to this point, you have tried lots of things and failed with most of them. This experience is invaluable in helping you hone in on what’s really most important. You’ve also probably learned a thing or two about managing people – there’s nothing like being pushed around by an employee or two to galvanize the skill of leading from the front!
3) The Pain of being trapped motivates you to use your time wisely
… It’s only when you learn how valuable and scarce that S P A C E is that you really begin to use it wisely when it appears. Parkinson’s Law: “Work expands to fill the available time.” Well not when you have the motivation of great PAIN focusing you on making the most of this very valuable resource!
The 2nd Major Hidden Benefit:
* Making S P A C E for Key Results Producing Activities.
So, how could this idea help you?
One client of mine is facing this right now! She is SO overwhelmed by the everyday, that she cannot “see” or focus, prioritize, or even enjoy life. She is BRILLIANT! Simply amazing, yet this is overshadowed and hidden by the murkiness. Has she changed? No, but when you are overwhelmed, you cannot create or orchestrate your best work! Plain and simple.
So, my recommendation? Find space.
For this client, a getaway is in order, a getaway from emails, phones, and any work or responsibility. This will enable her to clearly see what she needs to do, how to overcome obstacles and have fun.
You may have experienced this when trying to come up with a name or fix a problem. When I was trying to title my book, I struggled for months. Then, when daydreaming while driving a car, it came to me.
Or sometimes the more you try to determine a solution, the more convoluted your opinion becomes.
So, what do YOU need to do to create S P A C E for what will allow you to reach the next level?
C
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