Thursday, March 8, 2007
More Bang for Your Buck: Business Success
Starting your own business is a big dream for many people. In tonight's More Bang For Your Buck, 7's Tom Haynes shows us that if you keep in mind some simple tips, you could be on the fast track to success in no time flat.
WSVN -- Lawyer Brian Tannebaum has been defending clients in South Florida for well over a decade.
Four years ago he decided to open up his own firm.
Brian Tannebaum: "Immediately, we started getting very busy and determined we were going to have to manage our time a lot better."
Tannebaum says work started taking over his life.
Brian Tannebaum: "If I'd gotten in maybe an hour or two earlier then, in the late afternoon, I'd be able to go home, and I wouldn't be scrambling."
But he was making no headway.
Tired and frustrated he turned to the advice of CEO and consultant Stuart Levine.
Levine wrote the book "Cut to the Chase," which is a help manual of sorts for small business owners.
It's designed to teach them how to focus on the big picture and deal quickly with the small things.
Stuart Levine: "Entrepreneurs have to organize themselves. They have to come in early, so they can leave reasonably on time."
To do that, you need to make a daily schedule and then stick to it.
Levine says one of the first steps in being organized is knowing your client and keeping the end in mind.
Stuart Levine: "Don't let people get you involved in things that are outside of your business plan or really outside of what your understanding of what your customers needs are."
Lastly, to get the most bang for you buck out of your small business, you actually have to know your limits.
Stuart Levine: "Particularly for smaller businesses that are starting to emerge, you have to know when to cut your losses and move on."
As for Tannebaum, he is already starting to make changes around his office.
Brian Tannebaum: "The other people in the office are aware we're going to do things a lot quicker, and we're going to give everybody in the office -- the staff, the lawyers, everybody that works with us -- a lot more time to do the important things."
Tom Haynes: "And Levine's tips are good for anyone who feels like they are always short on time."
If you need that extra motivation, log on to Levine's website and download a free calendar that will give you daily guidance on how to manage your time. Print one off and keep it by your workspace.
FOR MORE INFORMATION:
Stuart Levine's Website