Moms Network

1. Know what you’re highest payoff activities are. The successful entrepreneurs I’ve worked with know exactly what they should be focusing on each day. They know what they’re strengths are and what’s going to bring in the most money. That’s what I mean by highest pay-off activities. They know what’s going to bring them the biggest bang for the least amount of time.

So how do you figure out what your highest pay-off activities are? Start by making a list of your strengths and weaknesses.

Now look at your strengths. Out of those skills, what brings you the most money in the shortest amount of time possible? What you might want to do is make a list of activities and evaluate how much money you make versus time spent, then you’ll have a better idea what bring you the biggest bang for the least amount of time.

2. They DO their highest pay-off activities. Ah, yes. It’s not enough to actually know them, you need to actually DO them. And, better yet, you should organize your day around your highest-payoff activities. That way, you know you’re spending as much time as possible on your highest pay-off activities.

3. They delegate out or delete their weaknesses. Without a doubt, the successful entrepreneurs I know spend little to no time trying to "strengthen weaknesses." What they typically spend their time doing is strengthening their strengths and outsourcing (or just plain dumping) their weaknesses.

Why do they do that? Because they make more money when they spend most of their time doing their highest pay-off activities. And they can’t spend their time doing their highest pay-off activities if they’re busy strengthening their weakness or doing low pay-off activities. We all only have 24 hours a day, so you need to know how best to use that time so you can become the biggest success possible.

Now, you may have noticed these aren’t specific for the Internet, these are general success strategies. I did that on purpose — if you master success habits that work online, you’ll master success habits that will work in pretty much any other situation. Next time I’ll share specific tips you can use online to be successful.