ID-568-Ed Smith

Q: This is question about leveraging your time. I want to leverage my time but I don’t have enough capital investment. Do you guys have any solutions or suggestions on how to do that? Or just wait till the networking catches up and actually starts bringing in more clients to then hire a helping hand?
A: If a business fails it’s always going to be because of one or more of three reasons. Either one, there’s something about the story of how the business was supposed to work that didn’t actually make sense and no one caught it. Two, the numbers didn’t match the story. Three, there was a failure of execution. If the story makes sense for how you’re going to generate $20,000 a month of new business, and if the story makes sense for how you’re going to deliver $20,000 a month of work product, and if the story makes sense for all the infrastructure and policies and systems and procedures and all the resources you’re going to need to make all that happen. If the story makes sense and you run the story it should work. If the story makes sense and the numbers support the story and it doesn’t work, what’s the only reason why it didn’t work? Want of execution.