Five Things I Don’t Regret
After reading a list of regrets older people have, I thought I’d list five things in business that I don’t regret. These are five things that are simple, easy to implement, and can make your a success.
- Joining a closed networking group. It doesn’t have to be BNI, but a networking group that meets weekly is invaluable to business. You need to learn how they work, and your role, but once you do it will be a steady source of new clients and income.
- Joining and getting involved with the local Chamber of Commerce. Like a networking group, except it is open to all businesses, a chamber of commerce is a great source of business.
- Being involved with a volunteer organization outside your profession. It can be church, Boy or Girl Scouts, a local food bank, or anything else that allows you to give back to your community. Volunteer service build credibility and friendships.
- Knowing and understand what it cost to do business. Don’t fool yourself by saying any income is good. You cannot take jobs where you lose money. By so doing, you will destroy your business and any hope for growth.
- Invest in face-to-face, hands-on training. You might pick up a few tips from YouTube or on-line articles, but nothing can compete or replace face-to-face hands-on learning. Choose someone in your field whom you admire, and then take a class from them.
Before you start rationalizing your way out of doing these 5 things, let’s take a look at the cost to benefit ratio of each.
- Networking Group – It cost me $100 to join, and dues are $6/month. I make over 10x to 100x what I invest each month.
- Chamber of Commerce – It cost me $65/year. As a direct result of the chamber, that $65/year brings in at least 20x each year.
- Volunteering – It only cost me time. The return in infinite because of the community goodwill it builds. It also results in regular business.
- If you don’t know what it costs you to do business, then how do you know if you are making any money? The IRS is going to love auditing you.
- Training – This puts you above the competition. It instills confidence. It will drive you to become the best at what you do.
D. Brent Walton is a Certified Professional Photographer and Photographic Craftsman. He is also the author of 25 Things Business Owners Do to Undermine Their Business (and How to Avoid and Correct Them). It is available at Amazon.