Monday, September 10, 2007

The TMPEP Formula for Building Your Business

Up on EONS where I manage a group for virtual companies I just had another inquiry about helping a member of our group build their business. I figure lots of you in the blogosphere could use this exercise.

Here are a few general questions/pointers based on my TMPEP formula -- time, money, passion, energy and patience:

How much time do you have to build your business? Time equals money

How much money do you have to spend on the business, or do you need to ramp up sales, clients, etc . . . TODAY

Where is your passion? No matter how good an idea is, it will flounder without passion

How much energy do you have? You need to modulate efforts to match your energy level to avoid burn out

Are you an impatient or patient person? Sometimes you need to wade through lots of muck and alligators before seeing results

For those seeking help, answer those questions.

Then make a wish list that isn't bound to any reality about time, money, etc . . .

Finally, see which parts of your wish list could generate you income at the rate you need.

Once you've done this exercise I'll be happy to guide you further.

1 comment:

Anonymous said...

Amyz, this just might take me longer than I had thought. I think fast and just knew I could make a list pronto. I'm doing some mighty heavy thinking.