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Posts Tagged ‘Return on Investment’

Are you a bit distracted?

Wednesday, August 30th, 2017

Last week when I was clearing my studio space for my niece to work on her quilt to take to college, I seemed to get so distracted. I saw fabrics I thought would work nicely in a future project. I realized I needed to find a place for the notions that had already found a not-so-good spot. And, I found some book reviews I had clipped that seemed to be perfect for selections for our ICAP Book Club.

I had the same problem as many of my clients: the inability to stay focused and get done what needs to be done. It can be because you are distracted by other options, whether that’s the other stuff in the room or another great idea that is beckoning.

Yes, you, too, are infected with Bright Shiny Object Syndrome. As you can see, I have been there. Sometimes in my office I get totally distracted by the projects I want to make or the books/tools that just arrived or the idea I have for a new product or all the blogs that call me to tour them. How do you get past this? Here are a few ideas:

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Are You Working Out Your “Done” Muscles?

Wednesday, March 19th, 2014

Done!A lot of us have problems getting things finished. Several reasons come to mind: procrastination, the need to be perfect, distractions by other things, failure to prioritize. Here are eight tips for exercising what I call your “done” muscle.

1. Get clear about what it is that you are trying to accomplish. Once you have clarity around your goals and/or a particular project, it is much easier to move forward. As you work, keep your eye on the prize. This will help you progress.

2. Break your project down into manageable tasks. When you look at a goal or a specific project, it can seem overwhelming. If you can break it down into bite-size pieces, it is always easier to see how you can accomplish it.

3. Look for where you need help. Just because you have a big project, does not mean that you need to do it all yourself. Remember, it is not necessary to know how to do everything, just what needs to be done.

4. Prioritize what needs to be done. This can apply to a specific project or your daily “to do” list. It is easy to look for the quick and uncomplicated things to do each day so you can check them off the list. The problem is you are not really accomplishing what you need to accomplish. What you should be doing is tackling those projects that move you towards completing your goal.

5. Consider the ROI. That’s Return on Investment. You can look at your tasks and see if time spent doing these tasks is worth your time. Maybe you should delegate the tasks or not even do them at all.

6. Finish what you start. Make that your goal. Really look around at how many people actually finish what they set out to do. Many people say they are going to do something and do not ever complete it.

7. Remember good enough is often good enough. Sometimes we spend so much time aiming for perfection that we don’t accomplish our goals.

8. Don’t over-think everything. As the Nike ad says, “Just do it.”

If you have a tip for exercising your “done” muscle, please share it on the blog.

Where is Your Return?

Wednesday, November 20th, 2013

This week I am at a retreat with some other creative artists. We each brought our own creative work, and we are offering support or advice  – business or art  – as needed. For some, the time is to sew needed samples for shops or classes; for others, it is to do personal sewing or reading. I brought a mix of some reading and plan to make a quilt top. What struck me is that these are women who are doing good work and striving to get it out in the world. They are also good business women who know where their efforts pay off. My question is, do you know where the return is in your business?We are quickly approaching the end of the year, and it is a good time to take a look at how your revenue looks compared to the goals you set early in the year. Are you on track or will you have a shortfall? Are your expenses in line? Have you looked at where the money comes in and where it goes out? For example, you may think that your fabric line sells a great deal, only when you go back and look at the royalty earned compared to your total revenues, you may be surprised it was not as high as you expected. Likewise you may have an activity that happens infrequently and it brings in more than you remember. You cannot make decisions based on something you do not know, so you need to look at your books.You still have time to make a difference in how the bottom line turns out in your business for 2013, plus you will have a better start on 2014. Take time to review what is working in your business and do more of it. And, if you have questions, set up a time to chat with an accountant to see what you can do to get better control on the financial end of your business.

Please share what you learned by looking at your books and what actions you’ll take below.

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