Micro-habits work…
What are micro-habits, you ask? They are tiny ways to get started on setting new habits versus setting Big Goals that never happen. As in, put on your jogging shoes and run in place for 2 minutes versus 30 minutes of exercise as a goal. Or, in business, call one customer a week for 3 minutes.
I use two apps that help me develop habits and fulfill on my goals.
Habit Loop tracker is a terrific app that you use on your phone (funny that we call it a phone, when it so much more than that, right?).
You simply create a habit you want to track, set notifications, and, then, well, track it! For me, a simple personal example is stretching with bands. I set the habit for daily tracking and for 10 minutes.
I know I can do 10 minutes! Maybe 20. Thirty minutes – maybe. Yet every day, that starts to seem like a grind and no fun. I also do 15 minutes of stretching. I would never do 30. You get the idea.
Start small. Because the habit is King. The habit is the goal. It will either be enough, or stretch out beyond the micro habit.
In business, I am singing a tune more and more with my clients of improving only 1%. In four areas. The effect can be wildly powerful.
Here is what I am saying – 1% price increase, 1% savings in Cost of Goods Sold, 1% volume increase, and 1% savings on fixed costs.
For example, a business with $10 million in sales implementing a 1% price increase adds $100,000 to the bottom line. We have not even started on the other 1% improvements yet! The leverage effect is incredible.
Here is a great article from the Freedom App people talking more about Micro-Habits: Micro-Habits With Freedom.
(PS – that is the 2nd app I use daily – the Freedom app. I block websites to avoid distractions and stay focused on – you guessed it – my habits. Habits are King).
Capital Gains Exemption
Here is a good article on recent changes to the Capital Gains exemption for small businesses in Canada: Capital Gains.
Marketing on LinkedIn
Here is a good article on increasing your profile on LinkedIn, a global network with one billion members – Linkedin-7 Tips To Improve Your Company Profile
Have a great weekend, and thanks for reading…