Solopreneurs and Freelancers: Do You Have a Business Improvement Plan?

Are you a working mother who believes that her small business will be the next overnight success? Are you a solopreneur or freelancer counting on that call from Oprah or QVC to catapult your revenue into seven figures?  Sorry to break it to you but most “overnight successes” spend years developing their businesses. This means that to be successful, solopreneurs and freelancers have to create and implement their own business improvement plans.

Malcolm Gladwell in his latest book, Outliers asserts that successful people have devoted at least 10,000 hours to their pursuits. He indicates that numerous studies show that this magic number shows up regardless of the person’s profession—musician, athlete, author, computer programmer. 10,000 hours is a lot of time to focus on one thing. If you dedicated twenty hours a week, to perfecting one skill in one year you would log 1,040 hours. At that pace, it would take almost ten years of constant effort (9.61 years to be exact) to get to 10,000 hours.

As a working mother and solopreneur, I don’t have the luxury of devoting twenty hours a day to perfecting only one skill—I’m running a business and taking care of my family. I have however realized that success is not something that just happens. It requires commitment and diligence to learning about the various elements that make your business function, whether you are an author (like I am), a graphic artist, a web designer, an interior designer or a real estate agent. It also requires that you prioritize your time to get those valuable “practice hours” into your daily and weekly routine.

One way to get your practice time in is to establish a weekly improvement program.  Figure out the four key elements of your business. For instance it could be: customers, employees, products/services and marketing. Throughout the week take notes and jot down ideas as to how you can improve your business. (Improving could mean outsourcing a particular task/duty to someone more competent). Once a week devote two to four hours to reviewing the ideas that you’ve collected and figuring out how to use the solid ones to use in your business. By continually honing your business it’s conceivable that in a year (or even less) you will begin to see the fruits of your labor.

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