F.O.M.O. Leaves Money on the table

F.O.M.O. Leaves Money on the table

Here are a few ways to you stop it:

  1. No Mobile Monday: I’ve heard this idea a few times, but most recently from a friend of mine, Robyn. She suggested having a “No Mobile Monday”. Her name was way more catchy, but you get the gist. Stop allowing yourself to be distracted by bright screens. I know it is alluring, but it halts creativity and prevents you from getting projects done. I do this thing sometime where I am in the middle of designing a product for a client. I’m an hour in and boom. The light on my Samsung starts blinking and takes me away from my fun. I love my work, but if not careful I’ll spend the next 30 minutes answering GroupMe messages and reading a Bernie Sanders article on FB.
  2. “Just Say No” Criteria: There are a lot of committees, projects, business ventures that are fun, interesting, include friends who asked you to join. There may be activities that are purposeful to you, but purposeful doesn’t mean plausible [for you to partake in]. Here are a few questions you can ask yourself:
    1. “Will I enjoy this after the initial sexy wears off?”
    2. “How much time will this actually take me away from other commitments I should have ‘just said no’ to as well?”
    3. “Is this the best use of my time, talent and resources?”
    4. “Am I willing to possibly do a half ass job at something I care about in order to say yes to this?”
    5. What would you say “no” to now that you’ve read those questions?
  1. Dolla Dolla Bills, Y’all: I did a tally of how much I spend on business lunches, dinners and coffee last October. I spent over $500 in one month. I spent over $500 on food and coffee in one month! But why? Urg. It is as simple as, “Can we talk on Skype?” or “Come by the house so we can catch up!” To minimize costs. It isn’t easy because everyone hangs at coffee shops nowadays, but it is pricey. I love our local coffee shops too. Shout out to Warsaw and The Alchemist in Fort Lauderdale, FL! You also have to think what could I have done with $500 bucks. Not every meeting is necessary. Every meeting does not have to have a reason, but consider if it is the best use of your time or dimes. Haha! I didn’t mean for that to rhyme, but here we are.
  1. Busy is the Root Word for Business: Being really busy doesn’t mean you’re doing anything. In fact, when you think you’re missing out on something therefore get involved with 101 projects, I have found with clients they are really trying to avoid the thing they really should be doing. It’s like when we were kids and would do everything to avoid bedtime, but actually sleep. What are you avoiding and instead fill up your calendar?
  1. Avoid Boredom: This. Is. Me. I hate being bored. If I’m sitting too long, I get anxious. I have had to learn to chill out. I’m still learning this one so don’t have any tips, but if you do, pass it along.
Your Fears Will Wallop You

Your Fears Will Wallop You

Only think about how you’ll make a living and/or how you’ll pay the overhead needed to do the work you want to do after you’ve spent time being creative.

You have to keep a roof over your head, keep the lights on and keep food in your belly! You may already have employees or investors to consider. In some ways, money is all you think about when you think about starting a business, running a campaign or developing a community initiative.

With that said, here is my thought for the day: during the period of time that you are brainstorming, creating, and/or flushing out the idea, try not to focus on money while you are working out the details of your business, non-profit, or program.

Yes, eventually you have to add money to the equation, however spend a brainstorming session (or two) just flushing out the idea.

I highly encourage you to focus on the idea for a select period of time for a few reasons:

  1. You may not want to earn money doing the work you are meant to do. I know this may be surprising, but some people want to do what they love without earning a living doing it. I like to question our clients on this on occasion, because some people take on this philosophy, not because they have no interest in making money from their work, but because they don’t see themselves (or their work) as valuable.
  1. If you focus on your idea while you obsess over how you’ll make money, the creative juices will either slow down to a painful drip or stop all together. I can attest to this fact in ways i won’t talk about here. Let’s just say it is better when you create, plan, then consider logistics, in that order.
  1. Money is a result, not a solution. What i mean by this is even if you had all the money in the world, it won’t help you if you haven’t properly planned anything. It doesn’t mean money can’t assist with moving your idea forward. It means seeing it as a solution will keep you chasing after money and not expanding on an idea.

Most people will now think i’ve lost my mind. You want me not to consider earning a living. It will go against everything you’ve ever understood or experienced in your life. You have to eat, right? You will inevitably ask yourself, “well, pray tell, genius, how are you going to eat while being a sculptor?” This question is important and shouldn’t be ignored, however, give yourself a task to add “idea logistics” back into the planning stage once you’ve made headway with the actual idea.

Sustaining your well-being, earning a living, keeping a roof, paying bills, eating, etc. Are necessities, right? Assume for a moment these things are a part of the equation. Consider your idea first, and we will tackle these important details in a bit. I want to ask you a question that you should do before you consider money.

Question: “do i have what it takes?”

Many people don’t even go here, because the thought of restructuring your business, starting a new business, or organizing an annual event never actually happens because they are immediately stopped by, “will i have to change the life i have grown accustomed to in order to make it happen?” In some cases, yes.

There are a lot of things you thought you’d never do in your life or career, yet somehow you did it. The question is, do you think you will be able to do it? The deeper question is, do you think you’re enough to do it? Good enough? Smart enough? Old enough? Young enough? Experienced enough? All good questions that cause fear in some people and stop the others from doing the work all together.

Right now, all i am suggesting is for you to think about the idea only. Here are a few ways to focus your mind on what is important right now:

  1. Who will want what i am offering? (market research)
  2. What location will i use to do my work? (operations)
  3. What problem am i attempting to solve by doing this work? (marketing)
  4. If i were successful, what would the people i work with have as a result?

So what now?

Use the example from the original email i sent you to help you flush out the idea. If you don’t get those emails, sign up at the bottom of this page.

Flush out your idea and answer the above questions by using google keep (where you can put down all of your brainstormed ideas without anyone seeing it…yet!): >>>your ideas

As you begin to think about logistics, the thought of money will come up. What helped me to make my work financially possible, was a simple key that changed the direction of my business. I’ll tell you about that next time.

 

I’m Scared

I’m Scared

I wanted to say all the right things in all the right ways to get you to understand why I started this business and why you should care. I may be a bit dramatic here, but putting yourself out there, whether in a relationship, a new gig, a promotion, or, in my case, launching a business, is damn hard. The truth is set out to have a business because I wanted to bring people together.

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