Showing posts with label mentor. Show all posts
Showing posts with label mentor. Show all posts

Friday, September 6, 2013

Find out Three Strategies For Creating More Success



There are a many reasons why developing a successful psychology is important. By establishing this sort of thinking you will gain greater control over your immediate and future business success. It will also allow you to avoid losing control of your business endeavors due to faulty thinking and execution. 




Finally, it will allow you to gain a greater sense of enjoyment in your business results.


In the rest of this article we will look at three strategies you can immediately employ to develop a greater capacity for business success.


 



These strategies include finding a mentor, modeling a successful person and self evaluation.  


Read:Thinking, Fast and Slow





Business Success Strategy #1 - Finding A Mentor


Wikipedia defines a mentor as 


"To advise or train (someone)."


So the main intent of this concept is to find someone that has the necessary knowledge and know-how to advice and train you on developing your business. If you talk to successful business people, you'll often hear they had a mentor.


This strategy works because an appropriate mentor has gained the necessary experience, knowledge and expertise through hands-on application. They can effectively shorten your learning curve by giving you expert feedback to allow you to quickly learn the things you need to master. 





Business Success Strategy #2 - Modeling A Successful Person


Wikipedia defines modelling as


"the act of imitating the behavior of some situation or some process by means of something suitably analogous (especially for the purpose of study or personnel training)"
The first step is to find someone who has achieved the success you are looking to achieve. Then the modelling part comes in when finding out what they habitually do and think about. It's really no mistake that they have done so well for themselves. In most cases, a foundation is never laid by those that find success through luck. Others that are so-called lucky individuals are only successful because of what they have done.







Business Success Strategy #3 - Self Evaluation Dictionary.com defines "self evaluation" as follows:
"an act or instance of evaluating or appraising self." People that succeed always recommend knowing your weaknesses, and your success levels as well. Believe it or not, it's not as easy to do as it would seem since your ego will certainly get in your way. It's all about becoming self-aware, looking at yourself as you truly appear.






Typically, the common person does not look at themselves in the mirror in a realistic manner, even though they know they are not perfect. If you are challenged in this area, then it's something you can overcome with effort. You can use the knowledge about yourself (your two aspects) to improve areas of your life and also any business endeavors that you may have. 





Anytime you see something that is a real, or very potentially real, opportunity that you can go for - then take action on it. While having a sensible idea of what your abilities are is a good idea, those how have a real business mind aren't going to waste any time at all. When you decide to pull the trigger on things just do it; don't sit around and wait to see what will happen. This one thing is something that marks a huge difference between the successful and those who never quite seem to be successful. 






There are all sorts of reasons that regular people do not take action quickly; perhaps it is due to a lack of confidence, fear, etc. Worrying over "what ifs" is a mistake, if you know that you can do something, you should just do it.







Probably 99% of people, maybe 100%, have some kind of fear of something. And most of us will let that same fear hinder our actions so that we never actually try anything different. It's not a difficult concept (at least, it doesn't have to be), stare directly into the face of what scares you and then just keep going anyway. This is just about as simple an explanation as you are going to get. If you want to make major breakthroughs in your life, you need to be able to work through the things that scare you--both personally as well as professionally. 






Sure, you may be scared to death, but join the club - you're not special with being scared out of your wits. The only thing that makes you different is your ability to work through the things that scare you. If you can manage to do this once, you can be sure that you will be able to do it over and over again. One of the major problems with reading business sorts of information is that all of it makes a complete kind of sense. 








And you may think, "I can do that," but things may break down when it's time to perform. The thing that you need to work on is the basics of mindset development so that you can actually use this information.

Friday, March 22, 2013

5 Mental Adjustments To Improve Your Wealth


Need an attitude check? Is your head in the game? Where's your focus? What are you doing out there? As we go into March Madness, these are the questions a coach may ask his team--or I may ask a client! But I would also add another--how are you getting to a healthier state of mind in order to make your business wealthier?












In our Business Value Drivers (BVD) studies, we have found that 67% of entrepreneurs say are in business because they want to make more money and become financially independent. However, according to the Small Business Administration, less than 5% of small businesses have more than $1 million in annual revenue. The truth is that very few actually build any wealth or value from their businesses either. 





Read: Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth





If you've conducted a reality check lately, you may have admitted, at least to yourself, that your focus is not where it should be. Maybe you are experiencing a little burnout, or just need a vacation. Yet still, you have the drive and desire to build your business and build your wealth. Ultimately, it's all in your mind, attitude, motivation and vision of the future. It's realistic to admit, however, that we all get tired.



You don't have to do everything alone! 


The value of having good reading materials, colleague support, encourager's and the right team of advisers will greatly enhance the value of your business and your ultimate wealth. Consider Eric Sbarge, creator and owner of the Peaceful Dragon.



Eric started the Peaceful Dragon with his wife Debra in 1997. Sbarge was a high school teacher when he first started, running his business on a part-time basis, until the revenue became enough to support the family. After ten years, he began to to work with an industry marketing expert, and in 2006 asked me to work with him in building a foundation toward wealth creation.  




With a focus on the Peaceful Dragon mission "to enhance the lives of our students and members of our community by teaching traditional and authentic Chinese health and martial arts, and supporting the marriage of Eastern and Western approaches to health and well-being," today, The Peaceful Dragon ranks in the top 1% in its industry and was featured in Martial Arts Professional Magazine April 2008.  



"It's all about where your head is," agrees Sbarge. He went on to share with us Five Mindset Changes to Get Healthy and Wealthy: 



1. Have a millionaire mindset. Many people want to be a millionaire and want their businesses to break the million-dollar revenue mark. This means you must build business equity. Your business equity value is not the same as your revenue. Unless you intentionally build your business to a fair market value of a million dollars, you won't make it to that million mark or build any kind of wealth.






2. Have a mentor from your specific industry. As a business owner, your mentor should be a person who has successfully been through the start-up and exit phases of a business. This person will help guide you through what it takes to become a success and build wealth. Sbarge has been working with an industry mentor since 2004. 


3. Have a mentor outside your industry. The best business owners learn from the best business owners--including insights and advice you can't get from an MBA program. A mentor who is successful in business is equipped in ways an academic program cannot replicate, such as real life experience. Sbarge has two mentors outside his industry. 




4. Put a consistent marketing process in place. Most businesses fail to create a marketing plan or strategy in order to weigh tactics against. Sbarge developed his own marketing process internally and set an annual budget and performance monitoring of all marketing tactics. He has followed a marketing plan consistently, adjusting as needed against industry trends, market changes and economic conditions.  




5. Build wealth by building value in your business. Sbarge has carefully built additional value inside and outside the business. They own their commercial property needed for this type of brick and mortar business, as well as having built a solid company foundation through processes and vision. 







March Madness is a good name for the upcoming NCAA round of tournaments.  Eric Sbarge's business name--Peaceful Dragon--is somewhat the antithesis of the craziness surrounding the players and the fans. Don't let your business drive you crazy. Focus, breathe, have a vision and then--get your head in the game!



Ask yourself "where your focus is--and where you want it to be?"