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16, 2020

4 minutes of reading

Opinions are described Entrepreneur their contributors.

In , it may seem reasonable to say “yes” to as many queries as you can, because it’s like a team player coping with any task. But sometimes saying “no” and declaring an application can be the absolute best thing for your business. If you see the following signs, you may feel very confident that you can pass, and not feel bad about it:

1. Not enough time

Taking care of everything that comes to your desk can provide a reassuring sense of competence and perfection, and never a smart idea to allow good opportunities to grow stronger. But the reality reaches a point where you just can’t squeeze more into your calendar without sacrificing something. When he was buried so buried at meetings, , emails and mailing lists that you send on a new request deserve 110 percent, and then feel free to respond in favor of initial priorities, especially if you’ve found an important deadline around the corner.

Similar: 4 things most entrepreneurs never run out of time for

2. Not enough money

If the last few months have taught us anything, they realize that smart business leaders need to have enough capital to cover themselves in emergencies – which they need to spend strategically based on clearly defined priorities. (Looking at you, Adam Neman and Kevin Planck.) Look closely at your goals, and if the request threatens the budget for these priorities, show your financial constraints, rather than pretending that the money for everything will magically appear.

3. The best alternatives

Just because you get a successful request means an offer that best fits your vision is already on the table or will be in the future. You want to sell a business for $ 5 million, for example, if another buyer offers you $ 10 million. Think about whether any offers can save time, money or both, and whether there are clear requirements that need to be met before seriously looking at the request.

It all comes down to profitability

If you regret to say no, it comes down to the fact that the three points above can be seen as a checklist . Since your biggest job is to help your company grow and succeed, ask the person to apply to submit a professional business case that shows they need to come back to accept their offer. For example, how will accomplishing their task cost the time and money you have invested in it? How will it benefit the company, its shareholders, customers, employees or culture?

As a brief example, when discussing, someone on your team asked you serviced each week at a cost of about $ 2,000 per month. This cost may seem too high until an employee informs you that:

  • 60 percent of employees say that free food is their own favorite office perks.

  • 90 percent of employees believe that providing food and snacks helps create bond teams.

  • Benefits healthy eating include improved mood and .

  • This can reduce the time spent “having lunch”.

  • Waste can be easily minimized by surveying employee preferences.

Here’s an increase in that because making a team feel happier and more connected, it can easily justify spending $ 2,000 a month. You can use certain KPIs to make sure people actually work better and improve performance through catering.

Similar: Your collaborative advocacy program: measuring the right KPIs

The essence

Each request has a potential price and return. Both are good and life satisfaction arises when it is logical to think about these costs and what it can bring. And if you learn to say “no” by demanding that they deserve the cost, by default you will also learn to say “yes” to things that are sure to help you thrive. Be sure to consider your time, money, and alternatives when someone asks you to, and always find clarity on what answer to give.

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