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The Fastest Way To Kill Your Business

To my regular readers, you may be questioning why I have not been writing as much. It was actually one of the things I was most worried about when I started my blog — eventually, it will be difficult to continue releasing content very frequently (2-3x/week), especially if I want the content to be solid and not quick 100 word posts.

Well, I’ve been doing some analysis of why this happened and what needs to change. On top of that, I’m going to explain to you what I believe to be the #1 business/idea killer and how you can avoid it.

The Evaluation

Since the start of the year, a few things have happened.

First of all, I decided I would rather write once or twice per month and have the post contain more depth on the subject. I really enjoy Glen’s blog at ViperChill.com, and I like his strategy. If you notice, my posts have largely been rather lengthy anyways, so I’m going to continue that strategy for the most part.

Secondly, I fell into what has always been my biggest problem — losing focus by taking on too many projects.

Why Losing Focus Kills Your Business

Generally speaking, you are probably good at something if you have a business. Even if you outsource the entire operation because you can’t design, code, or market, you still manage people. That’s your strong skill.

However, most people who start an Internet marketing business aren’t going to be outsourcing the entire thing.

So, I’ll use myself as an example and try to outline where I fall short and how you can avoid falling into similar situations so you can build a solid, consistently profitable business.

Failure 1 – Boredom

Personally, I get bored by doing the same task over and over. I think you probably are too or you wouldn’t own or want to own your own business where you can decide what you work on. However, this has caused me a handful of problems, as boredom leads to one or more of the following for me usually:

  • Time wasting activities on computer – YouTube, other blogs, sports news, or any other random site you may land on and say “how the hell did I get here?”
  • Time wasting activities elsewhere – PS3, TV, walking away from computer, driving around
  • Sleeping

However, sometimes I am just bored of current project(s) and want something new/different to work on. When that’s the case, I will actually spend time working, but it isn’t always the best solution.

Failure 2 – Too Many Projects

Being bored with ‘Project A’ usually results in me looking for something new and exciting to work on. I’ve been spending some time building some SEO sites. While it’s fun, results don’t come quick and this can be difficult at times.

Sometimes this happens when I am looking for diversification, or sometimes it’s just because I want to try something new. Either way, working on too many projects and failing to properly maintain most or all of them is a recipe for disaster.

Failure 3 – It Cycles

So, I get bored with a project, start something new. Well, because I don’t spend enough time or effort on this project, it doesn’t do much if anything in terms of traffic, earnings, or results. Then, I get bored with it and try something new again.

I think you get the point.

This is what has been happening lately, and that’s one of the main reasons my writing has been slower than molasses in January (that’s a good one).

How You Can Maintain Focus And Dominate Whatever It Is You Want To Dominate

Here’s what helps me when I start to lose focus and notice I am not achieving any of my goals or if I don’t currently have any goals.

1. Take a little step back

It’s easy to get caught up in all your projects when you are immersed in them every single day. It can be hard to say “this project sucks and won’t work” if you have spent time and money on it. Sometimes though, that’s what needs to happen and could be a drastic breath of fresh air for your business.

2. Evaluate what you want long-term

If you don’t have any long-term goals, I suggest you make them. Goals are a great way to keep you determined and a very good way to measure success. You don’t have to set monetary goals either.

3. Think about whether or not your current project(s) fit into your long-term goals

The mindless content you are building for this site today might seem unimportant or useless. But, if you can determine how it, in some way, fits into your long term outlook, then use that as your driving force.

4. You don’t have to do everything

It’s fun to learn new skills and I strongly suggest having some experience with “XYZ” before you pay someone else to do “XYZ” for you. Just don’t feel like because it’s your business that you have to perform every single small task. There are probably other people out there who can perform the task as well or better than you can, allowing you to do what you are good at.

5. Consistency is key

This is one of the most difficult skills to maintain, but it is extremely vital. You don’t have to get into a monotonous routine, but make sure you continue working on your goals.

6. Don’t get complacent

The largest downfall for me and many other business owners I have spoken with is getting satisfied with the current level of business. Making big money each day is nice, and I’m not saying don’t take time to appreciate it, but over-appreciating your success can lead to failure and put you right back at square one. When you are on top of your game, leverage it to dominate.

As Mr. Green would say — Here’s a summary if you don’t want to read it all:

  • Lack of posts caused by me losing focus on overall business goals
  • Expect 1-2 posts/month here
  • Don’t take on too many projects
  • Don’t need to work on every single aspect of your business
  • Work on projects that fit into long-term business goals
  • Work hard to make those projects successful
  • I hope that can help you a bit, especially if you are or have experienced a similar situation.

    I’m working to compile some SEO case studies and also some more PPV and Facebook posts.

    Also, if you want new content, you should join my newsletter. You will be getting smaller informational tips every week or two.

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    Related posts:

    1. Simple Tips To Expand Or Revitalize Your Business

    { 16 comments… read them below or add one }

    Jay January 27, 2011 at 12:54 am

    Great advice Jeremy. I’m definitely guilty of wasting time on random sites, TV shows etc. Not to mention switching between projects.

    Until recently, I used to read a bunch of news sites every day which chewed up a huge amount of time. I’ve since cut down to one site, once a week, and I don’t feel like I’m missing much.

    Anyway, time for me to set some clear goals!

    Cheers

    Reply

    Jeremy January 27, 2011 at 8:44 am

    Hey Jay,

    Glad to hear about that shift in mindset. It’s very interesting when you sit down and see how much time you are actually wasting on activities.

    Good luck!

    Jeremy

    Reply

    Temple January 27, 2011 at 5:41 am

    Great post! Focus is definitely key for me to getting work done, I can only fire out 10%+ of campaigns in a day if I am bored in comparison to being focused.

    Reply

    Jeremy January 27, 2011 at 8:45 am

    Temple,

    Exactly, I know how you feel!

    Thanks for your comment :)

    Jeremy

    Reply

    d3so January 28, 2011 at 12:44 am

    I get caught in the failure cycle all the time. I don’t get bored. I just lose focus. Either I find something that catches my attention online or I kill hours on the console.

    Reply

    Jeremy January 28, 2011 at 8:01 am

    I hear you d3so, it’s a pain!

    Nothing feels better than regaining focus and motivation on projects though, so that’s always good.

    Good luck!

    Jeremy

    Reply

    Kang January 28, 2011 at 1:59 am

    This post resonates with me alot Jeremy.

    I’ve been struggling with my blog; I get a good idea to write about suddenly, get all excited, fire up wordpress, write a draft, and then forget all about it.

    When I scan back into my drafts folder, the excitement is no longer there so I never complete the post.

    Need to focus on getting posts out into the open fast, even in their unpolished forms!

    Reply

    Jeremy January 28, 2011 at 8:02 am

    Exactly Kang, don’t worry too much about making things perfect. Chances are, you could probably go back and correct/change things even after you feel it’s “perfect” anyways.

    Good luck!

    Reply

    PPC Ian January 31, 2011 at 3:25 pm

    Awesome post, Jeremy. All stuff I can relate too. I’m super excited to hear about your SEO sites and looking forward to hearing more!
    All the best,
    Ian

    Reply

    Jeremy January 31, 2011 at 5:21 pm

    Ian,

    Thanks a lot! I’m looking forward to doing a follow-along SEO study too. I think it will be a great learning experience for myself and readers as well.

    Jeremy

    Reply

    Fazal Mayar February 13, 2011 at 11:18 pm

    great post, I also don’t always have the time for blogging because of college. It’s hard to maintain a frequent post frequency.

    Reply

    Jeremy February 14, 2011 at 2:45 pm

    Exactly Fazal. Thanks for the comment!

    Reply

    Ron April 9, 2011 at 9:48 pm

    Good article. I just started my blog and it is really true that FOCUS is important ingredients in building website.

    Reply

    Jeremy April 10, 2011 at 10:56 am

    Exactly Ron, thanks for the comment.

    Reply

    Peter Buzzrain April 21, 2011 at 3:22 pm

    Hi Jeremy!
    I would add that another way to stay focused is to instead of letting go of those new ideas that we have for other businesses, try and merge them with what we are doing now.
    Good work!

    Reply

    Jeremy April 21, 2011 at 11:58 pm

    Thanks Peter. I agree, and if that’s not possible, then potentially leverage the idea in some other way – put it to somebody who has the resources to make it work, or sit on it.

    Great comment!

    Reply

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