TIM411: Answering Your Entrepreneurial Questions

5 Pillars Of Mind Management by Tim Conley

Today on TIM411, Tim answers the question, "I F'd up. What should I do?" “It takes a lifetime to build a good reputation, but you can lose it in a minute.” ~ Will Rogers Integrity and strength of character will save you from many of your own mistakes. Listen in to learn how to own up to your mistakes and then fix them.

Tim answers a question from "The Danish Entrepreneur", "How can I transition from consulting to products?" Tim doesn't go directly at the question with a step-by-step answer on how to turn consulting intellectual property into a product -- both are a form of transferring knowledge and experience. Instead, Tim focuses on why. Why make the switch? If you think it'll be easier then you'll probably be unsuccessful at switching to products. If you want to add to your revenue and reach a bigger audience, then you'll probably succeed.

Today on the show, Tim answers the question, "How Can I Acquire Short Term Debt For Inventory?" Tim has limited knowledge in this space, but does his best to answer with sources (outside of a line of credit or credit card) to buy inventory for a fast growing company.

A question came in asking, "How Can I Know What Information I Need To Succeed?"

In this episode, Tim answers the question, "How do I get all the work done?" It's a matter of vision of the future and the priorities needed to get there. Tim covers the steps to getting there by setting your goals, priorities and delegating to your team.

TIM411 is back with season 2 -- now a video podcast, too. You can watch episodes on my FB page here: http://bit.ly/timconleyfb In this week's episode, AJ Silvers asks, "Do you hire ahead of the curve or wait until you are absolutely swamped with work?" Inside you'll learn when to hire by using the 85% Capacity Rule.

Today on TIM411, Tim answers the question, "Some employees say they want to move to the next level, but then they procrastinate. Any ideas?" You have to stop treating employees as an entrepreneur. If your employees signal that they want to level up, you need to sit down with them to help build a plan. Listen in on how to help them grow into the team members they desire to be and you need them to be. Find out how to run your business and team for rapid growth at http://timconley.co/bootcamp

Today on TIM411, Tim shares an insight from a conversation with a prospective client. "I can't do anything if I can't do everything." Too many entrepreneurs, even Tim, are perfectionists and let the huge scope of a project interfere with accomplishing it. Listen in to learn how to overcome your procrastination.

Today on TIM411, Tim answers the question, "When should I set a lower price point?" Tim is famous for saying "add a zero" when asked about pricing. He wants you to find a way to add so much value that customers would be willing to give you ten times more than they do now. But not all markets, not all products can have a price increase without losing sales. So when should someone lower their prices? How best to do so? Listen in and get Tim's advice on lower price points.