Showing posts with label entrepeneurs. Show all posts
Showing posts with label entrepeneurs. Show all posts

Tuesday, 18 November 2014

The 3 Decisions That Will Change Your Financial Life

The 3 Decisions That Will Change Your Financial Life
There’s nothing worse than a rich person who’s chronically angry or unhappy. There’s really no excuse for it, yet I see this phenomenon every day. It results from an extremely unbalanced life, one with too much expectation and not enough appreciation for what’s there.
Without gratitude and appreciation for what you already have, you’ll never know true fulfillment. But how do you cultivate balance in life? What’s the point of achievement if your life has no balance?
For nearly four decades, I’ve had the privilege of coaching people from every walk of life, including some of the most powerful men and women on the planet. I’ve worked with presidents of the United States as well as owners of small businesses.   
Across the board, I’ve found that virtually every moment people make three key decisions that dictate the quality of their lives.
If you make these decisions unconsciously, you'll end up like majority of people who tend to be out of shape physically, exhausted emotionally and often financially stressed. But if you make these decisions consciously, you can literally change the course of your life today. 

Decision 1: Carefully choose what to focus on.

At every moment, millions of things compete for your attention. You can focus on things that are happening right here and now or on what you want to create in the future. Or you can focus on the past.
Where focus goes, energy flows. What you focus on and your pattern for doing so shapes your entire life. 
Which area do you tend to focus on more: what you have or what’s missing from your life?
I’m sure you think about both sides of this coin. But if you examine your habitual thoughts, what do you tend to spend most of your time dwelling on? 
Rather than focusing on what you don’t have and begrudging those who are better off than you financially, perhaps you should acknowledge that you have much to be grateful for and some of it has nothing to do with money. You can be grateful for your health, family, friends, opportunities and mind.
Developing a habit of appreciating what you have can create a new level of emotional well-being and wealth. But the real question is, do you take time to deeply feel grateful with your mind, body, heart and soul? That’s where the joy, happiness and fulfillment can be found. 
Consider a second pattern of focus that affects the quality of your life: Do you tend to focus more on what you can control or what you can’t?
If you focus on what you can’t control, you’ll have more stress in life. You can influence many aspects of your life but you usually can’t control them. 
When you adopt this pattern of focus, your brain has to make another decision: 

Decision 2: Figure out, What does this all mean?

Ultimately, how you feel about your life has nothing to do with the events in it or with your financial condition or what has (or hasn't) happened to you. The quality of your life is controlled by the meaning you give these things.
Most of the time you may be unaware of the effect of your unconscious mind in assigning meaning to life’s events. 
When something happens that disrupts your life (a car accident, a health issue, a job loss), do you tend to think that this is the end or the beginning?
If someone confronts you, is that person insulting you, coaching you or truly caring for you?
Does a devastating problem mean that God is punishing you or challenging you? Or is it possible that this problem is a gift from God? 
Your life takes on whatever meaning you give it. With each meaning comes a unique feeling or emotion and the quality of your life involves where you live emotionally. 
I always ask during my seminars, “How many of you know someone who is on antidepressants and still depressed?” Typically 85 percent to 90 percent of those assembled raise their hands.
How is this possible? The drugs should make people feel better. It's true that antidepressants do come with labels warning that suicidal thoughts are a possible side effect.
But no matter how much a person drugs himself, if he constantly focuses on what he can’t control in life and what’s missing, he won't find it hard to despair. If he adds to that a meaning like “life is not worth living,” that's an emotional cocktail that no antidepressant can consistently overcome. 
Yet if that same person can arrive at a new meaning, a reason to live or a belief that all this was meant to be, then he will be stronger than anything that ever happened to him.
When people shift their habitual focus and meanings, there’s no limit on what life can become. A change of focus and a shift in meaning can literally alter someone's biochemistry in minutes. 
So take control and always remember: Meaning equals emotion and emotion equals life. Choose consciously and wisely. Find an empowering meaning in any event, and wealth in its deepest sense will be yours today. 
Once you create a meaning in your mind, it creates an emotion, and that emotion leads to a state for making your third decision:

Decision 3: What will you do?  

The actions you take are powerfully shaped by the emotional state you're in. If you're angry, you're going to behave quite differently than if you're feeling playful or outrageous. 
If you want to shape your actions, the fastest way is to change what you focus on and shift the meaning to be something more empowering.
Two people who are angry will behave differently. Some pull back. Others push through.
Some individuals express anger quietly. Others do so loudly or violently. Yet others suppress it only to look for a passive-aggressive opportunity to regain the upper hand or even exact revenge.  
Where do these patterns come from? People tend to model their behavior on those they respect, enjoy and love.
The people who frustrated or angered you? You often reject their approaches.
Yet far too often you may find yourself falling back into patterns you witnessed over and over again in your youth and were displeased by. 
It’s very useful for you to become aware of your patterns when you are frustrated, angry or sad or feel lonely. You can’t change your patterns if you’re not aware of them.
Now that you’re aware of the power of these three decisions, start looking for role models who are experiencing what you want out of life. I promise you that those who have passionate relationships have a totally different focus and arrive at totally different meanings for the challenges in relationships than people who are constantly bickering or fighting. 
It’s not rocket science. If you become aware of the differences in how people approach these three decisions, you’ll have a pathway to help you create a permanent positive change in any area of life. 
This piece was adapted from Tony Robbins' new book, Money Master the Game: 7 Simple Steps to Financial Freedom.  
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Sunday, 16 November 2014

10 Things Every Serious Entrepreneur Knows That You Don’t

achieving entrepreneur success and motivation

Aspiring Entrepreneurs are popping up everywhere in hopes of following in the footsteps of the cashed up risk takers and uber successful they look up to. The problem is that they are just starting out and are about to waste a lot of time going in the wrong direction to success.
So I have decided to share some insight and advice for entrepreneurs that I was fortunate enough to receive whilst meeting and interviewing some of the worlds top performing entrepreneurs. 

1. You Don’t Always Need To Be First

A lot of entrepreneurs think that they need to be first to market, when this is really far from the truth. Being first isn’t always best, just because you are the first doesn’t mean that you are necessarily the best, sure it means that you had the courage to navigate your way through the unknown but if you look at companies like Google and Facebook, they entered late in the game.
First there was Friendster, then there was Myspace then Mark Zuckerberg swooped in and created Facebook which is now dominating in most categories as the leading social media platform.
Mark Zuckerberg saw that privacy was very important and found countless flaws in the MySpace design of offering and was able to release a much friendlier and more powerful social media platform that would eventually knock MySpace out of the ring of relevance.
This is a powerful lesson to remember, that if you are the first in your market you should always strive to improve on your product, offering and design.

2. Being Self Employed Sucks

Another big mistake that a lot of entrepreneurs make is that they stay in the self employed bracket for way too long.
If you have ever read Robert Kiyosaki’s book “Cashflow Quadrant”, you would understand that there are four parts to the quadrant in creating true wealth.
Here are the 4 sections:
1. Employed
2. Self Employed
3. Business Owner
4. Investor
A lot of entrepreneurs leave their day jobs so they are no longer “employed”, they then become, what you call “self employed”. The problem is that when you are “self-employed” a majority of the time you are only generating “active income” which means you still need to work the 9-5 hours, or more to make a consistent income.
The key to entrepreneurial success is to create a stream of “passive income” or “residual income”.
That is why your focus as an entrepreneur should be to move to the next level of “business owner” or “investor” as soon as possible. 

3. There Are No Hacks or Shortcuts

Real entrepreneurs know that success in life is conceived through relentlessly pursuing your goals and dreams, no matter the cost.
If you are constantly chasing shortcuts and hacks your success will be temporary. When the algorithm or the playing field changes you will be caught looking for another hack or another shortcut hoping that it’s just around the corner when in most cases it won’t be.
Instead focus on personally growing and becoming a better version of yourself each and every day so that no matter what the playing field is or what life throws at you, you are experienced enough to handle every challenge and every hurdle that comes your way.

4. You Can’t Crack Under Pressure

You may have a plethora of skills, amazing ideas, and solid finances but if you can’t handle the pressure then the entrepreneur arena will be “no fun for you!”.
You have to thrive on the pressure, you need to use it to fuel your energy and your motivation to win.
Serious entrepreneurs love to solve problems, successful people love the challenge, they know that it will make them faster, bigger, better and stronger in the long run.

5. There Is Power In Story Telling

The difference between an entrepreneur that achieves $100 million in sales of a product or service to one that receives $10 million in sales of a product or service is usually determined by how effectively he or she is at marketing and sharing their message to the public.
Most people purchase based off emotion of how the message made them feel and how compelled they were to buying into what you were saying.
Don’t forget that at the end of the day sales is just a transfer of emotion.
So get your story down pat and fill it with catchy and descriptive words that will spark a compelling vision and appetite in anyone that hears your story or message.
I am an entrepreneur picture quote

6. You Need to Set 10X Goals

Entrepreneurs know that if they really want to hit those big audacious goals they have to aim for the moon. You are not worthy of that goal unless you are able to prove that you can grow into the man that you need to be to hit it. So focus on growing each and every day towards that goal in everything you do.
Sales King and multi-millionaire “Grant Cardone” has proven over and over again that setting 10X goals is a sure-fire way of achieving massive success. Grant teaches fortune 500 CEO’s and some of the most affluent entrepreneurs out there how to set their 10X goals and hit them.
There is a reason why Grant Cardone is worth over $100 million. Grant writes down his 10X goals every morning, every night and whenever he is disappointed.  This is what a serious entrepreneur is willing to do to become truly successful.

7. Time is No Longer The Most Important Commodity

Serious entrepreneurs know that there is no point in trying to beat the clock. Sure there are time management tips that you can live by, and productivity hacks you can add to your arsenal but in the long run time is always going to catch up.
The one thing that we do have more of a control over is how we spend our days and how we expel our energy.
Time is no longer the most important commodity… energy is.
Serious entrepreneurs know that health is just as important as finances, and exercising is the key to longer lasting energy. This is why health and exercise is one of the top success habits implemented by some of the world’s most wealthiest people.

8. You Can’t Do It All

As my multi-millionaire business mentor “Tai Lopez” says “You can’t do it all, if you wanna go big-time you need to find a partner that will compliment your weaknesses so you can focus on your strengths.”
Bill Gates had Paul Allen, Warren Buffett has Charlie Monger, Steve Jobs had Steve Wosniak. They all found a strong, skilled partner to take their business to the next level.

9. You Need a Little Inspiration Mixed with Desperation

Many entrepreneurs start their business with a strong passion for the idea behind it and get so involved with how much they love it and forget that they actually have to work.
The idea may be amazing and exciting but if you spend your time focusing too much on the fact that it feels cool or the logo looks pretty rad then your time to shine in the marketplace is slowly slipping away.
Inspiration is great but there must be some sense of urgency. Some sense of desperation in taking action now, not later, and taking it all the way as if your life depends on it should be your only option.
You don’t need to be so desperate that it reads all over your face, but you do need to know that time is of the essence and you must move with haste.

10. Business Plans Are Old School

Seasoned entrepreneurs know that 50 page business plans are an outdated way of devising your future business moves. The landscape is constantly changing and the ones that are crushing it out there have become pros at adapting to the constant shifts.
Create a business map. A rough idea of what you foresee over the next 18 months. This should fit on 2 or 3 pages at most.
Work out your 1 or 2 line mission statement, your budget and do some market research so you aren’t going in blind. That is all that is needed. If you are looking for Investors then you will need something more solid in place but for now you just want to focus on getting your startup off the ground and in your brand in front of eyeballs.
Don’t focus too much on the old school hype of a bible style business plan.

What other things do you believe serious entrepreneurs know that most people don’t? Share them in the comment section below. We’d love to hear your advice.

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Thursday, 30 October 2014

How To Be Successful – Business Advice From Donald Trump

How To Be Successful – Business Advice From Donald Trump

Moredays provides you with a list of recommendations from one of the most successful entrepreneurs of all time Donald Trump. We are inspired by such talented people and we want to share these ideas with you. These points were gathered from Donald Trump’s books. Get inspired by the business tips listed below!
  • Dream big – What you dream is what you will do.
  • Pride yourself for your ability to come out with creative solutions to tough problems.
  • Find your passion and love what you do.
  • Never take no for an answer.
  • Hire the best people, but do not trust them.
  • Know that passion conquers fear.
  • Focus on the solution and not on the problem.
  • Learn from your mistakes and do not let them take you down.
  • The world does not owe you anything, everything needs to be deserved.
  • Be open to new information and new ideas.
  • Be willing to face new challenges.
  • Always think positive and expect the best.
  • Avoid negative thinking.
  • Everyone wants to kill the fastest gun.
  • Get some respect and do not give a damn if people like you.
  • Know your stuff and you will command instant respect.
  • Only hire people with positive attitudes and get rid of the bad apples fast.
  • Value loyalty above everything else.
  • Never forgive a crook.
  • Set high standard for people and expect they will fulfill them.
  • If someone damages your reputation, take revenge that your enemy will never forget.
  • When somebody challenges you, fight back. Be brutal, be tough. Just go get them and they will never think about cheating on you again.
  • If someone accepts that he/she has made a mistake and apologizes, forgive that person but never trust this person again.
  • Never give up!
  • Remember that there is never an easy way to success.
  • Always take your work seriously.
  • Always focus on what you enjoy doing even if you have to face some complications.
  • Thinking big has led to human kind of all the great achievements.
  • Focus on the top and you will get there.
  • It is easier to do thing on the large scale.
  • Always think of yourself as someone important.
  • Speak out like a big thinker.
  • Hang out with other big thinkers.
Donald John Trump (born June 14, 1946) is an American business magnate, socialite, author and a celebrity. First he worked with his father for five years and later he became a Chairman and CEO of the Trump Organization, a US-based real-estate developer. Trump is also the founder of Trump Entertainment Resorts, which operates numerous casinos and hotels across the world. Trump’s extravagant lifestyle and confidence has made himself instantly recognizable wherever he goes. In 2004 he starred in his own reality TV program The Apprentice (where he serves as host and executive producer). Trump also owns part of the three largest beauty competitions in the world, consisting of Miss Universe, Miss USA and Miss Teen USA.http://moredays.com/blog/how-be-successful-business-advice-donald-trump/