Knowledge is an edge in everything. If were able to go through my articles yesterday you will be able to relate more with this follow up article. I talked about the facts that many of us as entrepreneurs or wannabe often box ourselves in a place of little result. This makes it very difficult for us to expand and meet up with our vision even after many years of continuous pushing. The title was also a question, 'are your contractable?'. You can go through it.
In the latter part of that article I did drop a recommendation or what can be said to be an option to help opt out of the round hole; the incorporation power. I know many of us become too used to what we do that it becomes almost impossible for us to break out. I have seen people still hold on to old time business that is yielding them no substantial gains. The fear of starting over makes them stick to such inconveniences. How do I let go of a business or trade that I have spent more than ten to fifteen years on?. Another thing to consider too is that most times it is not even what we do that has expired but how we do it is outdated. Maybe a topic for another day.
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So how do we get ourselves back on track when we are in the limitations hole?. We ALL have experiences, maybe I should share a little of my own so we learn in the process. Most times I feel I should have started my business on this or that lane for reasons, it seems it would have easily gained me the attention I needed. My first business was setting up a Laundry and at those early stages it was very difficult. Getting not just customers but the right customer was a challenge. As a newbie, you mostly get underestimated. Your service gets underpriced and so on.
The Journey continued and at some point we were able yo see some green light. Nevertheless, things were still missing, how do we hit the big sign post in terms of orders and delivery. As I said on that yesterday's article, if you are not contractable, your chances of making it is very slim. Of course people do hit big on a laundry business with diligence on their side. Yet the overall thing to add up is capital, to influence price, your business must be worth the influence.
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I knew I had to upgrade and in the midst of that I had to think wide. The more people you have, know or come around you, the higher chances you have to meet new opportunities. This was where I sided with the incorporation tactics. There are much more benefits behind this. At least I have done some research about big companies; they are not standing just on one sector. They may use one of their brands to influence the chain yet many other businesses and transactions are going on to keep them running. Without even over emphasizing on it I knew the part was worth it.
Coming back to you as an entrepreneur out there, if you feel stuck, my advice is incorporation. Add another sector to what you are doing, probably something related to that. Make sure it in the process is worth being contractable. You could remember, the main idea was to get yourself off the limitation hole. Hear me and hear me well, success lies on how contractable you are. This is no rocket science. Have you observed most times that when you meet people one of the first questions they ask is what do you do? This is how your measure of help and opportunity is weighed.
To conclude, let me add, I am NOW open for more opportunities, what is left for me is to keep pushing out that advertisements to the right public. Even in the midst of low revenue, I refuse to get too bothered. As an entrepreneur, you need to set your trap perfect knowing there will certainly come that one time opportunity. A dead clock is even privileged to tell the right time twice a day. Incorporation is a business tactics that will help break out of many limitations when well applied.