When it comes to entrepreneurship, most of us start pursuing it because we want a shift in our lifestyle.
We want more freedom with our time, finances, lifestyle, etc.
However, when we dive into the entrepreneurial world, we get stuck in the cycle of hustle and forget all about the importance of building a business & life we love. That is why I focus on helping women build profitable online businesses that are designed around their dream life, and today I want to give you some practical tips on how to do exactly that.
Tip #1: Determine what you want your life to look like
Start by deciding what you want your life to look like by answering questions like:
When do you want to work (what days of the week)?
How many hours do you want to work?
What does your ideal day look like?
What are some of your top priorities and how will you keep them a priority?
How will you practice self care?
Remember, you are the CEO, so you get to decide what you want these things to be. There is no right or wrong answer.
Tip #2: Determine what you want your business to look like
Now that you know what you want your life to look like, build your business around that. Use the framework you outlined above to decide:
How do you want to spend your time on the days you work?
How do you best like to serve/support through your business?
What do you want to offer and to who?
Again, you are the CEO, so you get to decide what this looks like.
Tip #3: Set your financial goals and create a profit plan
Lastly, you want to create a practical action plan to make your dream life and business a reality. It's not enough to dream about working 3 days a week and living a dream lifestyle without actually generating income. So here's what you want to do next:
Determine how much money you want to make each year/month.
Determine what you are going to offer and what it includes.
Determine how many people you want to serve per month.
Break it down like this example:
Monthly financial goal: $5,000
Small group coaching $500, 5 women total
- weekly group coaching calls
- accountability and support through a private community
Total monthly income from this program: $2,500
1-1 Coaching $800, 4 women total
- weekly 1-1 coaching calls
- accountability and support via email access during the week
Total monthly income from this program: $3,200
Overall total monthly income: $5,700
Now, you know exactly what to do, how to do it, and what to focus on to reach your financial goals. You also know what boundaries to set and what to prioritize to ensure you live a life you love while running a business you love!
If you are ready to start making money in your online business, join me for my upcoming FREE masterclass on how to create, price and sell your product or service. Register by clicking on the banner below: