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From A One Man Office To 150k Review

July 17th, 2006

Rich Schefren, Internet Marketing Coach and author of the Internet Business Manifesto, interviews one of his successful clients, Mike Filsaime. Mike is responsible for creating such hits as InstantBuzz.com, Paydotcom.com and Butterfly Marketing.

In From A One Man Office To 150k, Mike discusses how Rich’s business coaching sessions and the concepts in the Internet Business Manifesto has helped him improve his income tenfold. Mike had been earning $15,000 per month before meeting Rich. After Rich’s coaching, Mike now makes $150,000 per month.

Mike mentions how Rich’s coaching finally helped him realize how important it is to create a vision for his Internet business. He also learn the importance of knowing his metrics.

Mike originally didn’t want to hire employees in his Internet business. Rich made him see how he was focusing on the negative points of having employees rather than on the many positive benefits that could come out of it.

Mike thought he wanted to work from home. Rich made him realize he really doesn’t want to work for anybody else.

Mike finally realize he had to treat all his websites like a business. It is important to not let your business consume your home and family life. Once it is possible, you have to move your business outside and away from your home. That is, you’ll need to have an office. Then you will have a real business and be able to separate business from home and family easily.

People who work at home, don’t differentiate between work life and home life. They are constantly on their computer. They wake up in the morning going to work and they never leave it. When there is a clear separation of business and home, great business ideas have a better chance of occurring.

Rich believes you’ll end up making more money by working less. You have a business so you can have a better life. You don’t want to be a slave to your business and deprive yourself of time away from your family or enjoying yourself.

You need to be absolutely clear about what you need to accomplish each day and make the tasks a priority by doing them first before doing something else. Rich says if that doesn’t work for you, you can do the opposite by planning fun activities or things outside of work so you purposely limit your time at work so you will be more focus when you do go to work.

Allowing yourself to take the day off may motivate you to work more productively on the day you do go to work.

Rich emphasizes you need to know your metrics. He differentiates between tactical, management and strategic metrics. Before being coached, Mike didn’t have a clear idea of what his metrics were. Now he knows his business metrics and realizes you can only improve something in your business if you measure it.

Many more concepts are discussed in the full transcript and mp3 audio file.

http://www.strategicprofits.com/interview/SchefrenWithFilsaime.mp3
http://www.strategicprofits.com/interview/SchefrenWithFilsaime.pdf

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