Comments on: Debbie asks … http://7m7y.com/2008/08/17/debbie-asks/ Learn how to make $7 million in 7 years ... a NEW guided learning experience. Join now! Thu, 04 Aug 2011 07:45:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Time for Money: a Bad Trade? « How to Make 7 Million in 7 Years™ http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-575 Time for Money: a Bad Trade? « How to Make 7 Million in 7 Years™ Fri, 26 Sep 2008 08:31:26 +0000 http://7m7y.wordpress.com/?p=272#comment-575 [...] for Money: a Bad Trade? Published September 26, 2008 Rich Recently, I answered a question for Debbie, a freelancer, who asked: I’m self employed and my earnings seem to only be [...] [...] for Money: a Bad Trade? Published September 26, 2008 Rich Recently, I answered a question for Debbie, a freelancer, who asked: I’m self employed and my earnings seem to only be [...]

]]> By: AJC http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-574 AJC Wed, 20 Aug 2008 14:59:07 +0000 http://7m7y.wordpress.com/?p=272#comment-574 @ Deanna - Sometimes we are 'trapped' by our own success .... it's why consultants, contractors, professionals, and even highly-educated people are not usually the ones that get rich: too much to 'lose' holds them back from all there is to gain ... @ Deanna – Sometimes we are ‘trapped’ by our own success …. it’s why consultants, contractors, professionals, and even highly-educated people are not usually the ones that get rich: too much to ‘lose’ holds them back from all there is to gain …

]]> By: Deanna http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-573 Deanna Wed, 20 Aug 2008 05:43:44 +0000 http://7m7y.wordpress.com/?p=272#comment-573 I do outsource a tiny bit - the things that are easy to outsource, but what I do is so specialized, I'm really limited unless I wanted to spend a great deal of time training people and holding their hand (looking over their work, etc.) - I am the business - and people that have the same training, skills and experience as me, aren't going to want to work for someone else when they can go it alone and make more money - I do have a few ideas though (AJ, I'm going to have to look at that E-Myth Contractor book!) but I think I am going to have to find additional avenues and move away somewhat from my freelance career if I am going to develop those streams of passive income. But like you, I have so much work, I can't really think about anything else - its a trap I tell ya! ;-) I do outsource a tiny bit – the things that are easy to outsource, but what I do is so specialized, I’m really limited unless I wanted to spend a great deal of time training people and holding their hand (looking over their work, etc.) – I am the business – and people that have the same training, skills and experience as me, aren’t going to want to work for someone else when they can go it alone and make more money – I do have a few ideas though (AJ, I’m going to have to look at that E-Myth Contractor book!) but I think I am going to have to find additional avenues and move away somewhat from my freelance career if I am going to develop those streams of passive income. But like you, I have so much work, I can’t really think about anything else – its a trap I tell ya! ;-)

]]> By: AJC http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-572 AJC Wed, 20 Aug 2008 00:35:33 +0000 http://7m7y.wordpress.com/?p=272#comment-572 @ Di - Did I mention my "PA" Muhammad, who lives in Pakistan, has an MBA and charges me $4 an hour for research assistance and other such stuff? @ Di – Did I mention my “PA” Muhammad, who lives in Pakistan, has an MBA and charges me $4 an hour for research assistance and other such stuff?

]]> By: Di Eats the Elephant http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-571 Di Eats the Elephant Tue, 19 Aug 2008 21:56:19 +0000 http://7m7y.wordpress.com/?p=272#comment-571 Debbie - I think both Tim Ferris (author of "4 hour work week" - with accompanying website free to find)and a freelance writer (Yolanda Black, (Inkwell blog and associated websites - sorry I'm doing this from memory right now) addressed this same issue by learning to delegate and hiring help, be it even temporary (aka "outsourcing" but could also be the traditional "in-source" - tho I think both of these entrepreneurs outsourced, one globally and the other nationally.) The E-myth book will tell you that in order to successfuly work with hirees, you have to have a process in place that is something others can be taught or can duplicate. All of these are well worth reading and may be found in your local library, but Amazon seems to have the best prices if you want to add either book to your personal library (Yolanda Black sells information on one of her websites, but I do not believe it is sold on Amazon.) Good luck! Debbie – I think both Tim Ferris (author of “4 hour work week” – with accompanying website free to find)and a freelance writer (Yolanda Black, (Inkwell blog and associated websites – sorry I’m doing this from memory right now) addressed this same issue by learning to delegate and hiring help, be it even temporary (aka “outsourcing” but could also be the traditional “in-source” – tho I think both of these entrepreneurs outsourced, one globally and the other nationally.) The E-myth book will tell you that in order to successfuly work with hirees, you have to have a process in place that is something others can be taught or can duplicate.

All of these are well worth reading and may be found in your local library, but Amazon seems to have the best prices if you want to add either book to your personal library (Yolanda Black sells information on one of her websites, but I do not believe it is sold on Amazon.)

Good luck!

]]> By: AJC http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-570 AJC Mon, 18 Aug 2008 15:24:04 +0000 http://7m7y.wordpress.com/?p=272#comment-570 @ Debbie - would love to see some examples! Also, this is the "too busy working IN my business, to work ON my business" cycle that we all get sucked into ... Michael Gerber addresses this beautifully in his book: The E-Myth Revisited ... he even has a version dedicated to professional practices and another to 'contractors' (does this mean 'freelancers'?): http://www.amazon.com/E-Myth-Physician-Medical-Practices-About/dp/0060938404/ref=pd_bbs_sr_6?ie=UTF8&s=books&qid=1219072964&sr=8-6 http://www.amazon.com/E-Myth-Contractor-Contractors-Businesses-About/dp/0060938463/ref=pd_bbs_sr_4?ie=UTF8&s=books&qid=1219072964&sr=8-4 @ Debbie – would love to see some examples! Also, this is the “too busy working IN my business, to work ON my business” cycle that we all get sucked into … Michael Gerber addresses this beautifully in his book: The E-Myth Revisited … he even has a version dedicated to professional practices and another to ‘contractors’ (does this mean ‘freelancers’?):

http://www.amazon.com/E-Myth-Physician-Medical-Practices-About/dp/0060938404/ref=pd_bbs_sr_6?ie=UTF8&s=books&qid=1219072964&sr=8-6

http://www.amazon.com/E-Myth-Contractor-Contractors-Businesses-About/dp/0060938463/ref=pd_bbs_sr_4?ie=UTF8&s=books&qid=1219072964&sr=8-4

]]> By: debbie http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-569 debbie Mon, 18 Aug 2008 11:15:43 +0000 http://7m7y.wordpress.com/?p=272#comment-569 Deanna- there are ways to earn passive income from freelancing, which is something I think we should be working on. At the moment I have so much client work though that I don't have the time to do what I know I need to do. Changes need to be made, and soon! :) Deanna- there are ways to earn passive income from freelancing, which is something I think we should be working on. At the moment I have so much client work though that I don’t have the time to do what I know I need to do. Changes need to be made, and soon! :)

]]> By: Heidi http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-568 Heidi Sun, 17 Aug 2008 18:34:28 +0000 http://7m7y.wordpress.com/?p=272#comment-568 I'm with you guys as well, minus the freelancing. Good luck! I’m with you guys as well, minus the freelancing. Good luck!

]]> By: Deanna http://7m7y.com/2008/08/17/debbie-asks/comment-page-1/#comment-567 Deanna Sun, 17 Aug 2008 18:11:16 +0000 http://7m7y.wordpress.com/?p=272#comment-567 I have the same issues Debbie - I freelance, and the only way to increase my income is to either work MORE hours (I already work a LOT), or find a way to work more efficiently so my hourly rate increases (not my strong point when a project is especially boring). Just commiserating with ya! I have the same issues Debbie – I freelance, and the only way to increase my income is to either work MORE hours (I already work a LOT), or find a way to work more efficiently so my hourly rate increases (not my strong point when a project is especially boring).

Just commiserating with ya!

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