Browse Category: Business Growth

10 Signs You’re an Entrepreneur at Heart

retro girl wearing sunglasses with lemonade standFor most of my adult life I have surrounded myself with entrepreneurs. I love being around them – they fascinate me. While I went the corporate route for around 20 years, I always had a business or two running on the side – I guess it’s in my genes.

Personally, I advocate that everyone should have at least one entrepreneurial endeavor running, even if you have a JOB. I truly believe that we are all doing something that is marketable.

I often have conversations with people who don’t feel they have any entrepreneurial DNA. I beg to differ. I believe that if you’re willing to look inward, you just might find some of those entrepreneurial genetic qualities expressing themselves.

  1. You are motivated by challenge. The word no is not a be-all and end-all for you – it’s often a personal challenge, a go-ahead and try, a double-dog dare.
  2. You seek solutions. Where others get mired down in the problems, you find your creative juices flowing. Nothing is too far out there for you. People try to think outside the box – you crushed the box long ago.
  3. You eschew the status quo. Where many find the flow of status quo to be a comfortable place to reside, this feels like stagnation. It’s just plain icky.
  4. You’re a daydreamer. While this might have created problems for you in 10th grade algebra, you’ve accepted it’s part of what feeds your business acumen.
  5. You’re a risk taker. You’re not out there whining “But I need a guarantee…” Whether fearless or calculated, risk will always be part of the equation and you accept that reality.
  6. You recover quickly. Failure for you is lack of trying, not an unintended outcome. This goes hand-in-hand with #5. Not every swing is a home run, but each time you’re up to bat you step in, take a breath and swing away.
  7. You can’t sit still. The creative process is oxygen for your soul. You simply can’t live without it. Whether or not you act on all of this creativity is irrelevant. For you, the mind and often the body simply don’t shut down.
  8. You’re flexible. You say yes to opportunity and figure out the details as you go along.
  9. You’re focused on cash flow. No, you’re not necessarily just in it for the money. You do, however, understand that if the lights aren’t on and the doors aren’t open, you serve no one.
  10. You surround yourself with advisors. From coaches and strategic partners to mentors and board of directors, you understand the importance of knowing people who are smarter than you. You know more involved with your development and decision-making both personally and professionally.

I say if you can identify with at least 2 of the above items, then entrepreneurial blood flows through your veins. If you identify with 3 to 5, you’re likely to be a thought leader in your industry. If you identify with 6 to 8, you probably have a business of your own. If you identify with 9 or 10, you probably have your hand in several different businesses all the while simmering a few others in the back burners of your mind at all times.

10 Ways to Change Your Money Mindset

Money StackedI’m often asked how to change people’s financial status. Love and money – those are the top two reasons people come to me for help.

Over the years I’ve compiled a list of basic tools you can start using now to change your money mindset. You either come from a poverty mindset or a wealth mindset. If you’re in a poverty mindset it’s time to make some changes. Just adapt one or two of these items to your life and see what kind of changes you make.

Here are 10 things you can do to change your money mindset:

  1. Understand time is more valuable than any other resource you have. I often say time is really the only currency we have, and when you begin to truly understand that you learn how to spend it differently. For example, early in my career I worked a part-time second job to afford “luxuries” like vacations and having housekeeper.
  2. Focus on wealth building rather than budgeting. Anytime I wanted something that didn’t fall within my immediate means, I figured out a way to earn more money. I didn’t choose to scrimp and save and sacrifice to make it happen.
  3. Spend your time engaging your brain, not mindlessly entertaining yourself. Most of my free time is spent researching and developing process improvement for my business and self-development personally. I cannot see sitting in front of the television for 3 to 4 hours a day losing that potential time for improvement.
  4. Invest in yourself. Whether education, coaching, or health you have to be comfortable with a financial outlay for you. If you fail to invest in yourself you tell the universe you are not worthy.
  5. Live within your means. Many many years ago credit card interest was in fact tax-deductible. If something is not within your means, DO NOT PUT IT ON A CREDIT CARD. Stop throwing away money.
  6. Think bigger. Stop living small. Your goals should make you uncomfortable, because if you’re comfortable you’re already doing it.
  7. Do what you love. I tell people all the time one of the smartest wealth-building strategies is to find a way to make a profit at what you would do for free.
  8. Stop looking at what could have been. Start looking at what could be. That means get your focus off of what happened in the past. I don’t care what your experience is or has been; if that’s what you’re focused on you’re never going to go anywhere.
  9. Put yourself first. If your life is spent meeting other people’s expectations and needs you have nothing left over to devote to you. If you focus appropriately on you, you have the ability for building unlimited resources to lavish on others.
  10. Surround yourself with successful people. You cannot be motivated, inspired, coached, mentored or educated to your fullest potential by people who are not living theirs.

Those are just 10 of my favorite tips. Pick one or two; adapt to new way of looking at things. It’s that new perspective that’s going to help you make changes. If you need help, find a coach, a mentor, or just read a good book; I suggest Think and Grow Rich by Napoleon Hill.

Small Business Owners: Are you making the kind of living you really want?

LISTEN IN: http://bit.ly/Y0BHiQ

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Lessons in Success: 3 Keys to Getting Things Done

drawerAs I’m sitting in my office looking around, I can see every horizontal surface. I often tease that my office is looking like an episode of Hoarders, minus the dead cats, but when I make that judgment, other people tell me my office is quite clean and organized. But being a Virgo means I have to have things hyper organized. So being unable to see horizontal surfaces – the tops of my desk, ottoman, credenza, etc. – because things are piled on them is like having something pulling at my attention every moment I’m in the office.

I found three simple steps to help clear the chaos from my mind and my office. Trust me, they’ll work for you too.

1. Do it. Is this something that you can act upon and resolve immediately? Then the energy you’re expending avoiding it can be put to better use. Decide now, do it now. If the thought is you can put it off, then move it into one of the next options.

2. Delegate it. Is your time better served by having someone else do it? If it is, then make it someone else’s task. There is no reason you need to oversee every little aspect of your business or your life. Create folders for the people you will be delegating to; move things into those folders and be done with it.

3. Ditch it. If it didn’t fit in the first two categories, get rid of it. End of statement. And if you can’t bring yourself to ditching it, go back and put it through the criteria of the first two options.

If you apply these three filters to the things that accumulate on your desk and in your office, you’ll find you’ve cleared space and energy for more creative pursuits and, potentially money-making opportunities.

Coaches: Are you making the kind of living you really want? Or do you have a day job too? Ready to change? http://bit.ly/Y0BHiQ

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9 Things Wealthy People Do That Can Help You On Your Path to Prosperity

Unless you are born with a silver spoon or have figured out a way to predetermine the Powerball numbers, you’re going to have to work to build your wealth.

In every outcome, there are strategies involved to get there. The wealthy who have built and maintained their fortunes have consistent behaviors.

Money treeHere are nine things wealthy people do; let’s see how your behavior stack up.

  1. Have Clearly-Defined Goals Written Out. Seems simple enough. A goal that isn’t written out and given a date is simply wishful thinking.
  2. Maintain a To Do List. This is about building wins into every day. Celebrate what you can accomplish, and keep track of what yet needs to be done.
  3. Take Ownership for Behaviors and Habits. Having a victim mentality keeps you disempowered. PERIOD. When you own it you can change it.
  4. Read 30 or More Minutes a Day. This is what’s going to keep you sharp. Your brain behaves in the same manner muscle will, so use it or lose it.
  5. Consistently Work Towards Personal Development. When you invest in yourself the universe recognizes it, and others will invest in you. 
  6. Believe and Invest in Ongoing Education. Because you don’t know what you don’t know.
  7. Network Five or More Hours a Month. There is partnership and opportunity potential in every encounter. This doesn’t mean you’re selling to everybody, it means you understand that each one of us carries a piece to this puzzle we call life.
  8. Limit Television Viewing. I’d like to say it rots your brain, but I’d be lying. It does however suck up a tremendous amount of time and energy that could be put to use on any of the other number of items you might have trouble finding time for.
  9. Exercise for Health. Again, use it or lose it. Exercise improves circulation which aids cognitive function, memory, and critical thinking. And let’s imagine you make your millions and you’re too tired to appreciate your wealth. Wouldn’t that be terrible?

So in short, if you don’t have a roadmap for where you’re going – a guide to determine where you’ve been – a desire to improve your mind – willingness to own your outcomes – belief that you can’t do it alone – understanding of appropriate use of creative time – and motivation to move your body; you’re simply not going to find the path to prosperity.

John Burgos found that his difficulties in business were a reflection of his personal life. Listen in: http://bit.ly/LIJL052114mp3

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Lessons in Success: Don’t Attempt to Do It All

I really dislike housework. From the time I was in my early 20s and out on my own I have paid other people to do my housecleaning.

There was actually a time when I made barely more hourly than I was paying my housekeeper.  And yet I never saw it as a luxury. It was a necessity to me.

So when faced with the option of spending 6 to 8 hours every weekend playing the happy homemaker or paying someone to do something they take pride and pleasure in — knowing they’re going to complete it in less than half the time it takes me – it became a no-brainer.

And here’s where a lot of entrepreneurs and startup business people make a vital error: they attempt to do it all. They are the IT department, scheduler, housekeeper, bookkeeper, as well as putting effort into doing the work that is their business. They  erroneously believe that they can’t afford to bring on help.

Again I go back to the fact that if it’s not your primary skill set, you’re going to take much longer at it and utilize and expend much more energy doing it.

Think about what you’re doing in your business. Are you doing what makes you money? Is that where the majority of your effort and energy is spent?

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