Now that the IRS is upping the ante for those engaged in home based businesses, it’s more important than ever for you to play your ‘A Game’ in 2013. If you’ve been in business for awhile and haven’t had the success you long for, you won’t want to play around this year. Running a business consumes your time, your energy and money–and if you don’t take it seriously, there may be no deductions for you come tax time. I would say that’s incentive to move heaven and earth to really have your best year.
So, here are my favorite tips for having a breakout year in 2013–let’s do this!
- Read and get inspired! The beginning of a new year is ripe with promise, but within a matter of weeks, the enthusiasm dies out you may find yourself back in a familiar rut. Consider reading at least one new business book per month; perhaps one of the books on my Resource page, such as the One Minute Millionaire.
- Set a big goal for yourself, such as doubling your income or publishing your first (e)book. What would inspire you to leap out of bed, excited to begin your day? Who do you want to help and why? Keep this information where you can see it, such as on your bathroom mirror, bedroom door and planner. Get fired up!
- Hate to sell–learn how to do it with panache. Pick one area of your business that causes you trouble and take some classes, read up on it or get a coach to help you over your Mt. Everest of business challenges.
- Get a plan! A business plan that is; you will need it if you are ever audited, but it also becomes the road map for the year. I like to work in 90 day increments. Think in terms of your goals for the quarter: how many clients do you want, how many products need to be sold or subscribers to your blog do you desire during each quarter and then map that out in your planner. Fill in your schedule for blogging, doing podcasts, webinars or teleseminars. Hold yourself accountable so that you achieve at new levels.
- And speaking of accountability, pick an accountability partner; someone who knows your plans, who can offer you supportive advice and keep you from winging it or flaking. The IRS intends for you to work your business like you mean it and that means not only having a plan, but working your plan consistently. There’s nothing like knowing someone else is a) cheering you on and b) keeping you honest about fulfilling your goals in a timely manner.
- Get coaching. This is also important to the IRS. You need to be able to demonstrate not only that you have your business strategies planned, but that you course correct when you hit a wall. Be sure to include modifications to your business plan over the course of the year in case you’re audited.
- Plan your vacation schedule. Yes, you heard me right, plan your vacation schedule. Three day weekends, two weeks at the end of the year–what is it that you require to keep yourself healthy, energized and ready for a peak performance year? All work and no play doesn’t just make Jane or Jack dull it makes them unproductive, so get out your schedule and insure you have some rest time planned during the year.
- Intend to have fun! Intend to have a great adventure, intend to learn, to grow and to inspire those around you! We live in a phenomenal time where we can blog, self-publish, create our own television channel or radio station. The sky’s the limit–so don’t just repeat what you’ve done in the past, add some exciting new things like videos or webinars–or turn your blogs into a book. Stretch and be prepared to wow yourself in 2013!
- Pick a worthy cause you’d like to support and decide how much you want to donate in 2013. Think of some awesome and inspiring peeps you can enlist in your program to help others, blog about it and get it out into the world. Make a difference in a big way–perhaps you will inspire someone else to do the same!
- Become financially literate; there are no advantages to being out of the loop about taxes and how businesses, large or small are effectively run. Read (or re-read) the Cashflow Quadrant or Rich Dad, Poor Dad so you not only earn well, but manage your assets in a way that will build a secure foundation under you, your family and your business.
I hope these tips excite and encourage you to play all out. While the changes in the tax code may appear intimidating, I think the changes can be used to inspire business owners to new heights of success. Who knows what wonderful achievements you can accomplish in 2013? Dream big!
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