4 Sabotaging Habits that Prevent You from Boosting Revenue

As a business owner, it’s important to recognize how valuable your time is - and how you choose to spend it. Yes, the bookkeeping is important, and so is voice-mail and email, but those tasks are not directly responsible for generating revenue, and are better left to be managed by someone else. Are you guilty of focusing on the less important (low-payoff) tasks when you should be actively engaged with the most important (high-payoff) tasks? If you have ever been guilty of this, continue listening to discover four common self-sabotaging habits that keep business owners from the revenue and success they want and deserve. 1. Wasting Time on Low-Payoff Tasks As the business owner, you are a valuable piece of the revenue-generating and business development puzzle. If you are sitting at a desk spending the majority of your time on low-payoff tasks, you don’t have the time to focus upon the most important part of your business: generating revenue. Would you hire a $100-an-hour team member to do a $20-an-hour task? Not likely. This is the same reasoning behind why you shouldn’t be the company bookkeeper or receptionist. (This is not to say that these tasks are not important, but they are not directly related to driving immediate revenue; hence, they are low-payoff tasks). Your sole focus should be upon the high-payoff tasks, aka. the revenue-generating tasks. All low-payoff tasks should be completely removed from your schedule and delegated to a virtual assistant or team member so you can focus your energy on the high-payoff tasks. TIP: Doing low payoff activities are what I call revenue generating avoidance activities. You may not like doing some revenue generation and business development activities, but you may be the best and maybe the only person to do it and get it done. 2. Ignoring High-Payoff Tasks Do you know what you need to be doing to boost revenue - but you’re not doing it or doing it on a consistent basis? Perhaps the fear of doing tasks outside your comfort zone is stopping you from doing the