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7 Fatal Habits Slowing Your Entrepreneurial Success

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7 Fatal Habits Slowing Your Entrepreneurial Success

You work hard. You buy the courses, read the books, go to the seminars, but your business is still growing small or maybe even non-existent.

You just KNOW that the secret to your success is in there somewhere. If you could just copy their talent, or their skills or even some daily habit you know you will see your productivity increase and your results skyrocket. But is that really the case?

So many times when we see successful people we wonder what can we do to copy them, or what are we not doing that we could be to follow in their footsteps and see those same results. But the reality is that it is not necessarily about learning a new skill or talent, or even adding something new at all. Sometimes the biggest gains we get are from stopping or altering your current habits.

 

Fatal Habit #1: Letting others control your morning

If you are having trouble getting a lot of things done, first look at your morning routine. You probably wake up groggy almost every morning, hit the snooze button once or twice before dragging yourself out of bed, and what is the first thing you are likely to do? Probably check your phone.

That’s the problem. Right away you are putting other people’s agendas ahead of your own. Their texts, their emails, their Facebook posts. Why not make yourself the first priority in the morning? What could you do instead that puts your goals and your life as the main priority?

Here are a few options:

  • Read a book, just a chapter, heck just a few pages would be better for you than checking email. It will give you some new ideas just to start your day. It might trigger a new idea for a blog post, or someone you should be reaching out to. Either way, your business improves right from the start of the day. Your mind actually has all day to work on developing solutions for whatever ideas you got from your early morning reading.
  • Meditate, either on your own or with one of many awesome guided meditations out there (I personally love guided meditations because I struggle to sit there myself…my mind tends to wander).
  • Listen to an audio book (same benefits as reading a book without even needing to open your eyes).
  • Listen to a podcast. This might take a little bit longer than the other options, but again it will teach you some interesting things that can foster creativity and inspire new ideas for your business.

All of these are fine. They will wake up your mind and get you ready to attack your day far better than the useless junk that is probably in your inbox or on your newsfeed. In fact, try turning email off on your phone and see how much better your morning is.

The best part of this change in your morning routine is that it takes up less than 10 minutes of your morning. If you say you don’t have 10 minutes in the morning, try getting up 10 minutes earlier to get this done. The result will be huge for you.

The MOST IMPORTANT thing that you can do first thing in the morning, is to work on your biggest, most pressing challenge for at least 25 minutes before you ever think about looking at your phone or checking your email. I would recommend giving yourself a full hour. By working on your biggest challenge first thing in morning you will ensure that you are putting in enough time to eventually blow past it and move on to other tasks to continue growing your business.

 

Fatal Habit #2: Losing focus from your current project

This is one of the more common habits we face as entrepreneurs today, as there are just so many distractions: television, social media, netflix etc. And then there’s all the things going on in your social life, the text messages from your significant other, kids running around the house. Sometimes it is just hard to stay focused and it gets us knocked off track, costing us valuable work time trying to restart after each interruption.

Additionally, sometimes even when our phones aren’t going crazy and the kids are not running around the house, we still are not as productive as we could be because we are not entirely sure what we should be doing. We have all seen tons of people who recommend creating huge “to-do” lists with like 8-10 tasks on them, but this is not ideal.

Why? Because it is incredibly difficult to get 8-10 things done each day, especially if the business is not your only focus. Instead of motivating you, it ends up demoralizing you because everyday you feel incomplete because you are never completing your entire list. Try creating a list of just the three most important tasks for you to get done that day. This gives you an achievable number of tasks each day. You actually look forward to getting them all done because then you can enjoy some time with your family, your friends or a hobby guilt free.

But here’s the trick to really make sure you get things done. So many times we will write down that we need to get this done, but will stop completely when we hit any kind of resistance. So how do we ensure that we know exactly what to do to complete our three daily tasks? The night before, write them down before you go to bed.

By writing down the necessary steps to complete each task you will be able to plan out the exact steps you will be taking to complete each task. This helps you from getting stuck or being unsure what your next move is. When you complete all the steps for each task, you are done, go enjoy yourself for a bit, write your three tasks for tomorrow and do it all over again the next day.

“Whenever you want to achieve something, keep your eyes open, concentrate and make sure you know exactly what it is you want. No one can hit their target with their eyes closed.” – Paulo Coelho

Fatal Habit #3: Doing non-income producing activities first

Far too often we get bogged down in unimportant tasks that do not grow our business. But because we are doing something we think we are being busy and/or productive. The reality is that we are actually neither. The reality is that all tasks are not created equally and you need to know how to prioritize which tasks to do first, and which tasks can be put off until later, outsourced or scrapped entirely.

There are 4 different types of Business Activities:

1. Income Producing Activities

These are the activities that will immediately provide you with sales. This can include webinars, writing sales pages, writing email launches or creating sales videos (for a service based business this would be actually performing the service). The simple rule for this group is if it won’t make you money it doesn’t belong here, this will be your top priority tasks.

2. Asset Creation

These are the tasks that will create useful pieces of your income producing processes. This includes creating products, making website pages (for sales or products), building out new sales funnels and guest posting. These activities are generally related to either product creation or list building.

3. Active Asset Nurturing

Once you have an asset created this is when you are providing additional work/value to the asset. Tasks in this category include creating new bonus modules for courses or sending out a value adding email to your list (notice how I did not just say send out an email, a sales pitch email…whether your product or an affiliate product does NOT qualify here, that actually is higher up). Basically, these tasks are providing additional value to assets that are already up and running.

4. Everything Else

This is everything else. The basic rule here is that if it’s not one of the first three tasks you either delay it, delegate it (outsource it) or discard it. There’s nothing here that is an immediate priority and you should avoid spending as much time on these tasks as possible. Doing $10/hr work will not get you moving toward your goals.

Set up a spreadsheet with the 4 types of tasks, list all the tasks you do or need to do and put them in each category. List all the tasks that you do, whether daily, weekly, monthly or even yearly. For the category 4s, figure out what you will delay until you have free time, what you will outsource and what you will just delete from your list of tasks.

 

Fatal Flaw #4: Poor personal health habits

Many times we expect that we have to “grind” our way to success. Unfortunately that means we end up thinking we need to just work on business and ignore everything else: fun, family, friends, but the most important thing that we cannot ignore is our personal health.

Sir Richard Branson has said the number one “secret” to improved productivity is to work out. Because our body is the single most important investment in your life. Working out increases your energy, your sleep and your focus, all things that you need to do your best work. The good news is that you can work out fairly easily, because you don’t need to be the next Mr. Olympia to receive the benefits of regular exercise.

For me, I like to do some kind of quick workout right after getting out of bed to get the blood flowing, and also because getting in a light workout before eating a meal allows your body to burn more fat as it will pull from your reserves since you haven’t recently fed it anything for it to burn.

This can be a simple program consisting of stretching, pushups and body squats (or whatever types of bodyweight exercises you like to do). You can do a full workout later in the day, or after work if still at a 9 to 5 job. If you are a morning person feel free to go nuts and do your full workout first thing in the morning. Additionally you have to fuel your body properly in order to get peak performance. If you eat better your body will react better: better focus, more energy, happier.

Again, much like workout plans there are tons of options for nutrition plans online. I personally like the Tim Ferris Slow Carb Diet. It is simple, easy to follow and starts giving you immediate results (I lost 5 pounds the first week I did it, that made it easier to get past the adjustment period and keep going). This allows you to be healthy and still enjoy your cheat day (FREE TIP: Don’t drink away your calories…save that for your cheat days).

 

Fatal Flaw #5: Not taking action

It is great if you have the best morning routine, you eat the best foods, drink enough water and even find time to workout. But what about your business? It’s great that you have the entire Dan Kennedy library of products (Dan Kennedy ROCKS, by the way), but your business will not grow unless you take ACTION. The only way you will make money is by taking action.

All those “think about the money and it will come” mantras are simply woo woo crap. It takes real work to build a business that makes money versus one that is just an expensive hobby. Why expensive? Think of all those courses that we buy, hoping that each one provides that ONE secret that explodes our business. So we just keep consuming course, after course after course, and yet the results never seem to come.

A good course is not designed to be consumed in full. It is designed for you to go through a module, and then take action on what you’ve learned, and then go to the next module. Rinse, wash and repeat.

A good rule of thumb is that for every one hour of training you should take 3 hours worth of action. Now some will take longer and some will be shorter, but that should be the goal (especially since you should end up having some ongoing tasks that you will have to keep doing over and over again, such as writing emails, making sales funnels or writing guest posts).

“Never confuse motion with action.” – Benjamin Franklin

Fatal Flaw #6: Allowing negative influences into your life

Honestly, I was tempted to make this #1, because one of the biggest flaws that we make is keeping negative influences in our life, this can include television, radio or even other people. To be successful we need to RUTHLESSLY keep those negative influences away from us. They can be poison to our mood, our minds, and our productivity.

Both television and radio have too many things you cannot control. Things like commercials or news stories that will not help you. Food commercials that give you unhealthy food cravings, medicine commercials about different diseases and side effects…it is all just really sad and depressing. And they both hurt you physically, mentally and emotionally.

But I’m also not going to tell you that you have to cut it out entirely (although that is obviously ideal), as I’d be a hypocrite because I love Shark Tank, The Profit, and Major League Baseball. As for the radio, that one is much easier to replace. You can listen to an audio book from a source like Audible or your local library, or use an app to listen to one of your favorite podcasts. By turning your car into a classroom you can get literally days worth of extra learning in during the down time of driving.

But use it as a welcome break from your hard work rather than something that you do out of habit. Treat it like a small reward for a good couple days of work rather than an everyday event.

The worst negative influences of all, can be our friends and family. While you cannot let them try to destroy your dreams (and they will if you let them). So you really have two options: Avoid spending time with them as much as possible (understanding that they are your family and friends so you will likely see some of them a bit even if they don’t support your business goals) or try to turn them into an ally by asking them for advice, put them in your shoes and then asking what they would do if they were you.

And finally there are those people who are just so negative that you may just need to cut them out of your life entirely. I had former teammates who I haven’t spoken with in years now because of how unsupportive they were about my entrepreneurial ventures.

“Surround yourself with only people who are going to lift you higher.” – Oprah Winfrey 

Fatal Flaw #7: Not measuring your progress & results

Baseball great Yogi Berra once said “If you don’t know where you are going, you’ll end up someplace else.” This is true with our businesses as well. We can do all this work to try and get results, but how do we know what is working and what isn’t? One word; metrics.

But not just any metrics, pick metrics that are based on your goals. For example, if you want to get to 1000 subscribers on your email list, you will likely care about metrics such as total subscribers each month, and your conversion rates from your opt-in page or other lead capture devices. If your goals are mostly based on income then our metrics will be based more along sales and expenses.

But the key is to give yourself specific numbers to shoot for: 1000 subscribers, 25% conversion rate, $100k in sales etc. Then give yourself specific time frames to measure (I personally like monthly, quarterly and yearly goals). This gives you a few short term goals to make changes on, as well as the full year goals that give you a full picture of your business.

 

Thank you for reading my article! I would love to hear your thoughts in the comment section below!

BJ Pivonka is the founder of Athletic Entrepreneurs (bjpivonka.com), where he helps former college and professional athletes successfully transition from their playing career into their own profitable entrepreneurial venture. At his website you can get hisFREE 5-day email course to get your first profitable idea and start earning money even if you do not have an idea yet.

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26 Comments

26 Comments

  1. Alexander

    Sep 27, 2017 at 10:08 am

    Great article, it help everyone to be more focus
    benz service

  2. Matt Lancaster

    Jan 21, 2017 at 7:41 pm

    Habits can be very powerful – or destroying, holding you back.
    Really Really nice article.
    Thanks

  3. MD Farhad Hussain

    Jan 7, 2016 at 6:50 pm

    Great Article. I was suffering with #6. Even though I know what to do, this article clarifies all things again.

  4. Geraldo Angel

    Jul 11, 2015 at 2:41 pm

    That was amazing! Sometimes one of those habits happened to me but with the time I get better and better

    • BJ Pivonka

      Jul 12, 2015 at 9:48 pm

      Geraldo,

      Thanks for the kind words.

      And yes, as long as you know about the habits, you can work on fixing them and continuously getting better.

  5. Mohinish Nirwal

    Jul 11, 2015 at 2:08 am

    Great article. I had my tongue in teeth on 4th one… From past few years I am not able to do physical exercises the way I used to do in college and later… I’ll stick to it.
    Thanks BJ Pivonka.
    Mohinish Nirwal

    • BJ Pivonka

      Jul 12, 2015 at 9:50 pm

      Thanks Mohinish!

      You don’t even need to go crazy and do some instanity type stuff, James Altucher just goes for walks everyday. I know guys who do sprints.

      And then there are sites about doing five minute workouts to do some high quality exercisein a short time.

      You have tons of options, just find something that works for you and keep doing it.

  6. Sija Mafu

    Jul 10, 2015 at 9:09 am

    Geez! I see a lot of my own flaws in this article. I’ll do what I need to in order to adhere to them. Thanks for sharing,

    • BJ Pivonka

      Jul 10, 2015 at 1:39 pm

      Sija,

      Glad you enjoyed the article. It’s a matter of just taking small steps to keep getting better in each area. Once you keep that up you’ll starting disproportionate results.

  7. Ernie

    Jul 10, 2015 at 12:56 am

    Very wise advice my friend! Even correcting just one or two of these flaws is enough to build some solid momentum. Great article.

    • BJ Pivonka

      Jul 10, 2015 at 2:28 am

      Thanks Ernie!

      glad you enjoyed the article.

      And I agree, you don’t need to fix all 7 right away. Fix one or 2 at a time and you’ll start seeing huge results.

  8. Janette

    Jul 9, 2015 at 11:01 pm

    Oh wow! #1 is definitely talking to me! ” Right away you are putting other people’s agendas ahead of your own. Their texts, their emails, their Facebook posts” that’s exactly what I do…but not from tomorrow morning that’s for sure!

    Thank you! Mwah x

    • BJ Pivonka

      Jul 10, 2015 at 2:29 am

      That is what I’m talking about Janette!!

      Great start.

  9. Adrian

    Jul 9, 2015 at 10:28 pm

    Yes, negativity is one of the worst thing ever if you want to start good life.

    I started making money online because my goal was that $$$ per day and I reached it in 12 months.

  10. Arnold Chitwa

    Jul 9, 2015 at 6:57 pm

    I think i want to use this article as a daily guide, to make improvements on areas that i have been underachieving, its reaching out to me in practical and Big ways, i have to give a shot to every piece of advice i have received here.

    • BJ Pivonka

      Jul 9, 2015 at 9:23 pm

      Thanks Arnold. Glad you found this useful.

      Come back here and let us know how it went.

      or just shoot me an email with the results: bj@bjpivonka.com

  11. Muqadas

    Jul 9, 2015 at 4:44 pm

    Woho, What an article. Agreed on each of it’s point.

    • BJ Pivonka

      Jul 9, 2015 at 9:25 pm

      Muqadas,

      Glad you enjoyed it. Each point is CRUCIAL.

      Let me know what kinds of results you get.

  12. Matimba Ngwenya

    Jul 9, 2015 at 12:05 pm

    This article hit me hard. Fatal Flaw #5 speaks to me most. I know what to do, and how to do it. My follow through however is not consistent, and I have not been prioritizing my action. Thanks for the wake up call Pivonka

  13. ssenyonjo wilberforce

    Jul 9, 2015 at 9:49 am

    wow!!!!!,its a good information en it has given me courage.

  14. Stefanie

    Jul 9, 2015 at 7:46 am

    Great article! I totally agree, that habits can be very powerful – or destroying, holding you back. Your article reminded me it’s important to continuously check my own habits. Thank you!

    • BJ Pivonka

      Jul 9, 2015 at 4:48 pm

      Thanks Stefanie, glad you enjoyed it.

      I picked out these specific habits for a reason. They can not only set the tone for you day, but determine your energy level for the rest of the day when you should be doing income producing activities.

      Thanks for your support!

  15. Lawrence Berry

    Jul 9, 2015 at 12:56 am

    This is some great information and I completely agree with everyone of them. I think your morning routine is what will determine if you make it in business or not. The morning is the foundation for your day, so you should really take care of yourself and your mindset. I have read about alot of successful people and they all do something in the morning that get them started for the day, such as meditating, exercising, or just eating a great breakfast. Take care of yourself and your mind. Great post.

    • BJ Pivonka

      Jul 9, 2015 at 4:49 pm

      Lawrence, YES. That is exactly the case. The morning routine sets the tone for the rest of the day and also determines what kind of energy you have left for the rest of the day. That’s why I made it #1 on the list.

      Thanks for reading and commenting.

  16. Heitem Ak

    Jul 8, 2015 at 2:50 pm

    Nice one Pivonka!

    I completely agree on the metrics.

    Specific goals keeps you on track through hard times!

    Just like jogging, if you run without metrics, you are likely to stop running as soon as you start getting tired!

    Keep them up,

    Heitem Ak

    • BJ Pivonka

      Jul 9, 2015 at 4:50 pm

      Heitem, absolutely. You need to know what direction you are headed so you know whether to change course or not.

      Otherwise you’ll just wander around aimlessly doing things that won’t get the results you want and never actually get there.

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Success Advice

How to Use the “Small Victories” Method to Avoid Burning Out

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Have you had a goal you begin to work toward only to run out of steam? Do you know what you need to do to get to where you want to be, but the necessary work feels overwhelming? “Small Victories” is the method to eliminate procrastination, dramatically increase productivity, and to make every part of the process not just bearable, but fun.

The journey from novice to rockstar is filled with a thousand small victories. Each victory increases your skill, your confidence, your positive expectation, and is ultimately the only way to really do something truly great.

Imagine you have a band in which everything was fun- fun to practice, fun to get together and create. The first victory was writing your first song. Afterwards, some friends come to watch you practice, and they cheer you on giving you another boost. Then you play your first show, do your first band photoshoot, and create a band website. After all this hard work, you record your first song as a band, have your first major show, your first tour, and develop the best thing so far which are your first true fans.

Each victory gives you the energy to get to the next victory

If you told the kid, it was going to take ten years of work to get to the end goal, without celebrating the small important victories in between, it would be illogical for any human to hunker down and work 10 years to get there. So how is this relevant? When starting a business or following your dream, incentivizing yourself with small victories will make you far more likely to make you continue on to your end goal. Without it, your willpower only lasts so long.

The small victories are the positive fuel to make it to the next milestone. You create small victories by finding a way to interact with people as a way to have an impact even if it’s small. For example, when people try to start businesses, often they try to get everything together before selling their first product. It could be months or years of work before they are at the level of their competition.

I am a series of small victories and large defeats and I am as amazed as any other that I have gotten from there to here. Charles Bukowski

Say you’re creating a bakery, it could be a year before anyone tried your first baked good if you go the traditional brick and mortar route without any small victories. This comes with great financial cost and energy. You also lose out on the opportunity to improve your craft, your products, your image and your connections with others who can take your business to greater heights.

However, if you go with the method of small victories instead, you would start by creating a cult following amongst friends and family with your decadent treats. Next, you would bake them at home and sell them at local events, farmers markets, and maybe even at local businesses. This can give you the opportunity to create a strong local and social media following well before the opening of your first actual store.

Work and effort without small victories lead to burnout

We need to build rewards along the way into our endeavors, because this provides encouragement to keep going. Each moment is a separate gift, an experience where something was fulfilled, where something was accomplished, no matter how small, and being a recluse until the grand unveiling will have so many missed opportunities along the way.

Small victories are also an opportunity to develop your skills, get feedback – positive or constructive – and considerably increase opportunities. Small victories increase your credibility by showing a track record and the trajectory you’re on by increasing your ability to attract investors and partners.

“Success is rarely the result of one swell swoop, but more often the culmination of many, many small victories.” – Joseph M. Marshall III

The idea of celebrating small victories can be applied to any subject. In weight loss, for instance, seeing pounds melt away will give you the positive mindset to continue and even improve the choices you make to enhance your physique. Sharing your success with others will bring in the element of positive encouragement. It can also motivate others to come with you on the journey. Your small victories can inspire others to start their own journey.

What small victory did you achieve today which will bring you a step closer to your goals? Let us know below!

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Success Advice

Setting Up Your Mindset to Win: How to Achieve Success in Your Life and Career

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How did Usain Bolt become so successful? He seems superhuman, doesn’t he? Richard Branson, Steve Jobs, Paul Bocuse… all these people have something special in them. They became the stars in their niche. Have you ever wondered why? No, they do not have any superhuman capacity. They are simple people, just like you and I. They, too, had flaws. Their mindset, however, is what set them apart. If you want to win in your career and in life, generally, you need the mindset of a winner. You have to think like a true champion, so you’ll overcome your flaws and emphasize your strengths.

So how do you set the mindset to win? Here are 5 suggestions to get you started:

1. When You Can’t Achieve a Goal, Get Help

Have you heard of Paul Bocuse? He was one of the most famous chefs of his time, and he was named as the chef of the century. This is a good example of the point we’re about to make. Even the best are not almighty, they have to learn from someone. Paul Bocuse learned from another famous chef. He constantly worked to improve his skills and he learned along the way.

The lesson is: you cannot do everything on your own. This is the first thing you have to do: learn and find the right person to learn from. Are there any books by the champions of your chosen niche? Get them and read them. Can you get a mentor? Of course, you can! Start connecting with people on LinkedIn. Your alumni network is a great source of mentorship opportunities, too. Don’t be afraid to reach out and say that you want to learn from someone.   

“Don’t let the fear of losing be greater than the excitement of winning.” – Robert Kiyosaki

2. Work on Your Resilience

Here’s the most important life lesson you’ll ever learn: things don’t always go as expected. When you strive towards a particular goal, the chances of failure are real. When Usain Bolt started training, he wasn’t the fastest man on Earth. He worked towards that goal and he was resilient enough to go through all the obstacles he faced. We couldn’t possibly assume that such success came easily for him.

The journey towards a successful life is not a straight line, it’s a bumpy road full of difficulties and setbacks. The average person would give up along the way, but a champion would stay resilient. It’s the mindset that makes a true difference. The good news is that the more obstacles you overcome, the more resilient you become.

3. Focus

What do you want in your career and in your life? This is not something that can go with the flow. You cannot simply live your life one random day after another and expect great things to come your way. You have to focus on particular goals and work your way up there.

Ken Chenault, CEO of American Express, has a nice tip for everyone who wants to become successful: “Dedicate yourself to a core set of values. Without them, you will never be able to find personal fulfillment, and you will never be able to lead effectively.”

Simple and straight to the point, right? So set your goals! Find that major goal you want to achieve and break it up into smaller achievements. Then, start accomplishing things on a daily basis. You need to devote your life to achieving that goal.

4. Be Bold

Steve Jobs wasn’t focused on getting an average job, achieving average results and living an average life. He had big dreams and bold goals. All successful people have something in common at the starting point, a bold dream. Being afraid to dream big is a huge mistake. Set your imagination free! What’s the biggest thing you’d like to achieve? If you believe in yourself and you start working towards that goal one day after another, you’ll unlock your true potential. You’ll realize that not many things are impossible. You can achieve much more than you believe you’re capable of.

“If you really look closely, most overnight successes took a long time.” – Steve Jobs

5. If You Fall, Get Back Up

Have you ever wondered why Richard Branson became so successful? The answer is simple: never gave up, no matter what hardships he faced. His first company didn’t make money. The test flight of Virgin Atlantic Airlines almost crashed because of a flock of birds. Virgin Cola, his soda company, failed miserably. He almost got himself killed during his trip around the world. Richard Branson has done many things, but do you know what he never did? Give up. No matter how serious the failure was, he always found the strength to get back up on his feet and carry on with life. That’s the mindset of a champion!

Never allow yourself to get disappointed from failure. Do not fall back into average just because your big dream doesn’t seem to be working. Failure is not a big deal. It’s just part of the journey, and everyone has to face it. If you carry on, you’ll find success along the way.

So you want to be a champion? You better start working towards that goal without wasting any time. The first step is changing your mindset. Hopefully, the tips above inspired you to do that.

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Success Advice

3 Important Principles You Need to Know That All Billionaires Have in Common

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I’ve always been highly interested in the similarities amongst the world’s wealthiest. Their habits, successes, mindset, and failures have fascinated me. The journey to great prosperity can seem overwhelming, but if you apply success principles to any endeavor you can quickly and efficiently overcome challenges and expand.

Michael J. Gabrielli, founder of WeRunAds, has spent hundreds of hours and tens of thousands of dollars studying billionaires and their habits. Michael has also studied over 2000 different billionaires and from this experience he’s found three principles they all had in common.

Here are the 3 principles the billionaires all had in common:

1. Be in a rapid growth industry at the right time

Timing is so important. Billionaires know when the time is right to enter a market. Most billionaires do not enter first or second into a market because of the inherent risks involved. Many billionaires let the pioneers pave the way and then leverage the knowledge gained to innovate and optimize in order to create something that works.

The key is to find an industry that is soon to take off. Stepping in at the right time is important. Let’s take a real life example that is known all too well– the founder and CEO of Facebook, Mark Zuckerberg. When he entered the scene, the idea of a social network was moderately known, but it was still not quite predicted to be the monster it is today.

Others like Friendster, Myspace, etc. had made some headway into this fledgeling industry and then Facebook entered leveraging the knowledge and expertise gained from the early pioneers. Zuckerberg saw the huge potential of social networking, took what was done previously and made it better.

He is presently worth over $66 Billion and the company has surpassed the 2 billion users mark with 1.4 billion using the platform daily. Not surprisingly, many billionaires were not the first to pioneer the industry they would later find success in. They came in at the right moment, learned from the mistakes and triumphs of their predecessors, and made a lasting final product.

Here’s a practical 3 question exercise you can do to judge if you have the right timing with your current venture:

  1. Look at your industry and say—is this brand new?
  2. Am I trying to invent something that doesn’t exist?
  3. Am I too late to the party?

2. Position yourself better

In addition to finding the right industry and getting in at the right time, billionaires position themselves in the best way. They provide the solution to the need and they think outside the box to do it. Optimal positioning is a commonality amongst billionaires. For example, during the California Gold Rush, people rushed to mine for the gold itself blinded by the promise of large profits.

However, it turned out that Sam Brannan had the better idea for how to position himself for success. He knew the chances of finding gold were risky, so instead he committed to a sure thing. He manufactured the tools that were needed by all the miners to mine gold. As each new miner migrated West, they were happily met by Brannan and his company who were ready and waiting to sell these new hopefuls the shovels and tools they’d need to strike it rich.

Digging for gold seemed to be the most profitable route, however, greater returns were yielded in the supplying of materials required to mine for gold! A good company that also illustrates this concept is Microsoft. They did not seek to create their own computer, but the software that computers would run on. Most people mistakenly think they have to “go for the gold” to attain wealth, but it’s evident in history that selling the necessary tools to the gold miners can be far more profitable.

The two questions you need to ask yourself to see how you could position yourself correctly are, “What industries will need the supplies that I could provide? And, “Am I following the trend instead of innovating?

“Big shots are only little shots that keep shooting. I can see your sun rise out of obscurity. Keep shooting” – Ikechukwu Joseph

3. Take calculated risks

Most people choose the safe bet that is secure, however, this is not common among billionaires. Billionaires take big calculated risks in order to propel themselves to higher levels of influence and success. The most important thing to note here is that while to others the risks seem big—to billionaires, they are calculated.Risk and Calculated Risk are not the same. Calculated risk is measured and well-thought-out. Risk is impulsive and immeasurable. Understanding the difference between the two is a commonality among billionaires. The world’s most prominent figures have at some point in their lives disagreed with the ordinary and took a shot at the unknown. Proper calculation and clever thinking certainly accompanied the bold moves they made in their careers.

Howard Schultz, the CEO of Starbucks, is a great example of this. He had grown up in poverty and made his way out to earn a comfortable wage as an executive at a company that manufactured coffeemakers.

“Risk more than others think safe.” – Howard Schultz

He risked it all when he discovered a small coffee shop named “Starbucks” in Seattle that prompted him to quit his job and step out to create a company that was inspired by the Italian coffee culture and personal relationship people could have with their coffee.

Of the 242 people he spoke to, 217 said no to investing with him. Despite the discouragement, lack of agreement, and investment, Schultz kept pushing on. Fast forward to present time, and Starbucks’ is a massive success. Strong intuition and unshakeable belief is common among high achievers. Many successful billionaires risked their safe jobs, personal assets, and even their reputation to take calculated risks that they knew would pay off huge in the end.

The questions you need to ask yourself now are, “where can I take a calculated risk? Am I holding back when I should be going forward? What tangible steps can I take today to move forward?”

These 3 success principles are staple elements that are common among many billionaires. Now, there are more principles that you must discover and implement in order to become a billionaire. Work diligently and do all that can be done each day. Be inquisitive and study those that you wish to emulate.

Which one of these principles do you need to work on more this year? Let us know in the comments below!

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One Question You Must Answer to Ensure Personal Success

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I don’t believe in quick fixes, in get-rich-quick schemes, or any other system that guarantees instant success with only a modicum of effort. But, I do believe it’s possible to condense great strings of logical thought and intellectual algorithms into basics. I like to keep things simple! Many of my clients love the fact that I don’t overly complete things, and frankly, so do I! I like to ask simple questions whose answers can be had quickly but require some focus in obtaining the outcome.

Here’s the question I always ask: What is standing between your current reality (where you are now) and your ultimate vision (where you want to be)? Are the impediments psychological, physical, emotional or some other reason?

Until you answer what is causing the difference between your AS IS and your SHOULD BE, you will be stuck spinning your wheels in the mud and the muck of the former. This is an important question that requires a level of mental self-examination. And the answer to this question may require a lifetime of introspection. It is an important question to answer because if you know where you want to go that provides direction but examining why you are not there yet can provide momentum. (In other words, by answering the question it may get you there faster!)

“Success is not final; failure is not fatal: It is the courage to continue that counts.” – Winston S. Churchill

It’s just like following a road map. A map is useless unless you know two things, where you are, and where you want to go. What might be stopping you (or at least slowing you down) from the ultimate destination of your passion and life’s fulfilment?

I’ve asked many people about this over the years and have heard these four reasons that keep people from moving forward.

1. Lack of vision

How do you plan to get there, if you don’t know where “there” is? The most difficult undertaking in the world is to sit quietly with a blank sheet of paper and chart out your life. I know, I have many blank sheets of paper to prove it. However, I also found out that it only takes one sheet, with a few well-crafted lines of thought to give you the direction you need. But you need to start!

2. Lack of goals

So, you know where you want to go, you just don’t know how to get there. The second hardest thing in the world is to have a sheet of paper with your ultimate destination on top, and the rest blank as you ask yourself, now what or how do I get to my vision? The process of functional decomposition means breaking down the larger process into steps that are both actionable and motivational. In other words, the steps are small enough to do and you remain motivated because they are so small.

“Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.” – Jim Rohn

3. You don’t believe you can get there

You want to, but there is a script running through your head telling you to go home, make some chicken soup and don’t leave the house until these foolish notions of greatness are gone. Think about it, your parents never did what you are trying to do, no one in your family has ever done it, you are far too old (or too young) to do that, you don’t have the right education…your rationalizing can go on for a lifetime! Here is my suggestion when it comes to running those self-deprecating scripts: STOP IT!

4. You are lazy

You won’t admit this to yourself, but perhaps you are just plain lazy. I’ve seen it so many times; individuals majoring in minors. Performing high fun, low payoff activities instead of the low fun, high payoff activities. (And, by the way, who ever said that a high payoff activity can’t be fun? There’s that darn script again.) As a species we are inclined to take the path of least resistance, but that path may not lead us to our vision, but you must admit, we are having a great time NOT moving toward our vision! Laziness is not “doing nothing.” It’s doing the wrong thing because that’s what you want to do, and, very often, we know it’s the wrong thing to do!

There you have the four possible things that might be holding you back from the realization of your vision. Are any of them hitting home? Answer this question before you move on:

What is standing between my current reality and my ultimate vision of success?

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5 Counterintuitive Ways to Make the Most Out of Your Time

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Do you think you’ll accomplish everything you want to before you die? Do you sometimes worry you won’t reach your goals? Do you have a plan to get what you want? If you’re like most people, you often have trouble squeezing in everything you want to do during the day, week or month, let alone everything you might want to accomplish in a lifetime. Updates from friends on Facebook, Instagram and Snapchat come in to your phone at all hours of the day and night. Invites to activities, events, festivals, etc. blow up your phone on a regular basis. (more…)

McVal Osborne is the author of Start Up your Life: Why we don’t know what we want, and how to set goals that really matter. McVal writes about motivation, decision making, and strategic thinking. He graduated from UC Santa Barbara in 2011 with a degree in Spanish, and has since worked as a market researcher and business consultant in Washington D.C., New York City and London. You can reach him on Twitter @mcval or on IG @mcvaliant.

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26 Comments

26 Comments

  1. Alexander

    Sep 27, 2017 at 10:08 am

    Great article, it help everyone to be more focus
    benz service

  2. Matt Lancaster

    Jan 21, 2017 at 7:41 pm

    Habits can be very powerful – or destroying, holding you back.
    Really Really nice article.
    Thanks

  3. MD Farhad Hussain

    Jan 7, 2016 at 6:50 pm

    Great Article. I was suffering with #6. Even though I know what to do, this article clarifies all things again.

  4. Geraldo Angel

    Jul 11, 2015 at 2:41 pm

    That was amazing! Sometimes one of those habits happened to me but with the time I get better and better

    • BJ Pivonka

      Jul 12, 2015 at 9:48 pm

      Geraldo,

      Thanks for the kind words.

      And yes, as long as you know about the habits, you can work on fixing them and continuously getting better.

  5. Mohinish Nirwal

    Jul 11, 2015 at 2:08 am

    Great article. I had my tongue in teeth on 4th one… From past few years I am not able to do physical exercises the way I used to do in college and later… I’ll stick to it.
    Thanks BJ Pivonka.
    Mohinish Nirwal

    • BJ Pivonka

      Jul 12, 2015 at 9:50 pm

      Thanks Mohinish!

      You don’t even need to go crazy and do some instanity type stuff, James Altucher just goes for walks everyday. I know guys who do sprints.

      And then there are sites about doing five minute workouts to do some high quality exercisein a short time.

      You have tons of options, just find something that works for you and keep doing it.

  6. Sija Mafu

    Jul 10, 2015 at 9:09 am

    Geez! I see a lot of my own flaws in this article. I’ll do what I need to in order to adhere to them. Thanks for sharing,

    • BJ Pivonka

      Jul 10, 2015 at 1:39 pm

      Sija,

      Glad you enjoyed the article. It’s a matter of just taking small steps to keep getting better in each area. Once you keep that up you’ll starting disproportionate results.

  7. Ernie

    Jul 10, 2015 at 12:56 am

    Very wise advice my friend! Even correcting just one or two of these flaws is enough to build some solid momentum. Great article.

    • BJ Pivonka

      Jul 10, 2015 at 2:28 am

      Thanks Ernie!

      glad you enjoyed the article.

      And I agree, you don’t need to fix all 7 right away. Fix one or 2 at a time and you’ll start seeing huge results.

  8. Janette

    Jul 9, 2015 at 11:01 pm

    Oh wow! #1 is definitely talking to me! ” Right away you are putting other people’s agendas ahead of your own. Their texts, their emails, their Facebook posts” that’s exactly what I do…but not from tomorrow morning that’s for sure!

    Thank you! Mwah x

    • BJ Pivonka

      Jul 10, 2015 at 2:29 am

      That is what I’m talking about Janette!!

      Great start.

  9. Adrian

    Jul 9, 2015 at 10:28 pm

    Yes, negativity is one of the worst thing ever if you want to start good life.

    I started making money online because my goal was that $$$ per day and I reached it in 12 months.

  10. Arnold Chitwa

    Jul 9, 2015 at 6:57 pm

    I think i want to use this article as a daily guide, to make improvements on areas that i have been underachieving, its reaching out to me in practical and Big ways, i have to give a shot to every piece of advice i have received here.

    • BJ Pivonka

      Jul 9, 2015 at 9:23 pm

      Thanks Arnold. Glad you found this useful.

      Come back here and let us know how it went.

      or just shoot me an email with the results: bj@bjpivonka.com

  11. Muqadas

    Jul 9, 2015 at 4:44 pm

    Woho, What an article. Agreed on each of it’s point.

    • BJ Pivonka

      Jul 9, 2015 at 9:25 pm

      Muqadas,

      Glad you enjoyed it. Each point is CRUCIAL.

      Let me know what kinds of results you get.

  12. Matimba Ngwenya

    Jul 9, 2015 at 12:05 pm

    This article hit me hard. Fatal Flaw #5 speaks to me most. I know what to do, and how to do it. My follow through however is not consistent, and I have not been prioritizing my action. Thanks for the wake up call Pivonka

  13. ssenyonjo wilberforce

    Jul 9, 2015 at 9:49 am

    wow!!!!!,its a good information en it has given me courage.

  14. Stefanie

    Jul 9, 2015 at 7:46 am

    Great article! I totally agree, that habits can be very powerful – or destroying, holding you back. Your article reminded me it’s important to continuously check my own habits. Thank you!

    • BJ Pivonka

      Jul 9, 2015 at 4:48 pm

      Thanks Stefanie, glad you enjoyed it.

      I picked out these specific habits for a reason. They can not only set the tone for you day, but determine your energy level for the rest of the day when you should be doing income producing activities.

      Thanks for your support!

  15. Lawrence Berry

    Jul 9, 2015 at 12:56 am

    This is some great information and I completely agree with everyone of them. I think your morning routine is what will determine if you make it in business or not. The morning is the foundation for your day, so you should really take care of yourself and your mindset. I have read about alot of successful people and they all do something in the morning that get them started for the day, such as meditating, exercising, or just eating a great breakfast. Take care of yourself and your mind. Great post.

    • BJ Pivonka

      Jul 9, 2015 at 4:49 pm

      Lawrence, YES. That is exactly the case. The morning routine sets the tone for the rest of the day and also determines what kind of energy you have left for the rest of the day. That’s why I made it #1 on the list.

      Thanks for reading and commenting.

  16. Heitem Ak

    Jul 8, 2015 at 2:50 pm

    Nice one Pivonka!

    I completely agree on the metrics.

    Specific goals keeps you on track through hard times!

    Just like jogging, if you run without metrics, you are likely to stop running as soon as you start getting tired!

    Keep them up,

    Heitem Ak

    • BJ Pivonka

      Jul 9, 2015 at 4:50 pm

      Heitem, absolutely. You need to know what direction you are headed so you know whether to change course or not.

      Otherwise you’ll just wander around aimlessly doing things that won’t get the results you want and never actually get there.

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Success Advice

How to Use the “Small Victories” Method to Avoid Burning Out

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Have you had a goal you begin to work toward only to run out of steam? Do you know what you need to do to get to where you want to be, but the necessary work feels overwhelming? “Small Victories” is the method to eliminate procrastination, dramatically increase productivity, and to make every part of the process not just bearable, but fun.

The journey from novice to rockstar is filled with a thousand small victories. Each victory increases your skill, your confidence, your positive expectation, and is ultimately the only way to really do something truly great.

Imagine you have a band in which everything was fun- fun to practice, fun to get together and create. The first victory was writing your first song. Afterwards, some friends come to watch you practice, and they cheer you on giving you another boost. Then you play your first show, do your first band photoshoot, and create a band website. After all this hard work, you record your first song as a band, have your first major show, your first tour, and develop the best thing so far which are your first true fans.

Each victory gives you the energy to get to the next victory

If you told the kid, it was going to take ten years of work to get to the end goal, without celebrating the small important victories in between, it would be illogical for any human to hunker down and work 10 years to get there. So how is this relevant? When starting a business or following your dream, incentivizing yourself with small victories will make you far more likely to make you continue on to your end goal. Without it, your willpower only lasts so long.

The small victories are the positive fuel to make it to the next milestone. You create small victories by finding a way to interact with people as a way to have an impact even if it’s small. For example, when people try to start businesses, often they try to get everything together before selling their first product. It could be months or years of work before they are at the level of their competition.

I am a series of small victories and large defeats and I am as amazed as any other that I have gotten from there to here. Charles Bukowski

Say you’re creating a bakery, it could be a year before anyone tried your first baked good if you go the traditional brick and mortar route without any small victories. This comes with great financial cost and energy. You also lose out on the opportunity to improve your craft, your products, your image and your connections with others who can take your business to greater heights.

However, if you go with the method of small victories instead, you would start by creating a cult following amongst friends and family with your decadent treats. Next, you would bake them at home and sell them at local events, farmers markets, and maybe even at local businesses. This can give you the opportunity to create a strong local and social media following well before the opening of your first actual store.

Work and effort without small victories lead to burnout

We need to build rewards along the way into our endeavors, because this provides encouragement to keep going. Each moment is a separate gift, an experience where something was fulfilled, where something was accomplished, no matter how small, and being a recluse until the grand unveiling will have so many missed opportunities along the way.

Small victories are also an opportunity to develop your skills, get feedback – positive or constructive – and considerably increase opportunities. Small victories increase your credibility by showing a track record and the trajectory you’re on by increasing your ability to attract investors and partners.

“Success is rarely the result of one swell swoop, but more often the culmination of many, many small victories.” – Joseph M. Marshall III

The idea of celebrating small victories can be applied to any subject. In weight loss, for instance, seeing pounds melt away will give you the positive mindset to continue and even improve the choices you make to enhance your physique. Sharing your success with others will bring in the element of positive encouragement. It can also motivate others to come with you on the journey. Your small victories can inspire others to start their own journey.

What small victory did you achieve today which will bring you a step closer to your goals? Let us know below!

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Setting Up Your Mindset to Win: How to Achieve Success in Your Life and Career

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How did Usain Bolt become so successful? He seems superhuman, doesn’t he? Richard Branson, Steve Jobs, Paul Bocuse… all these people have something special in them. They became the stars in their niche. Have you ever wondered why? No, they do not have any superhuman capacity. They are simple people, just like you and I. They, too, had flaws. Their mindset, however, is what set them apart. If you want to win in your career and in life, generally, you need the mindset of a winner. You have to think like a true champion, so you’ll overcome your flaws and emphasize your strengths.

So how do you set the mindset to win? Here are 5 suggestions to get you started:

1. When You Can’t Achieve a Goal, Get Help

Have you heard of Paul Bocuse? He was one of the most famous chefs of his time, and he was named as the chef of the century. This is a good example of the point we’re about to make. Even the best are not almighty, they have to learn from someone. Paul Bocuse learned from another famous chef. He constantly worked to improve his skills and he learned along the way.

The lesson is: you cannot do everything on your own. This is the first thing you have to do: learn and find the right person to learn from. Are there any books by the champions of your chosen niche? Get them and read them. Can you get a mentor? Of course, you can! Start connecting with people on LinkedIn. Your alumni network is a great source of mentorship opportunities, too. Don’t be afraid to reach out and say that you want to learn from someone.   

“Don’t let the fear of losing be greater than the excitement of winning.” – Robert Kiyosaki

2. Work on Your Resilience

Here’s the most important life lesson you’ll ever learn: things don’t always go as expected. When you strive towards a particular goal, the chances of failure are real. When Usain Bolt started training, he wasn’t the fastest man on Earth. He worked towards that goal and he was resilient enough to go through all the obstacles he faced. We couldn’t possibly assume that such success came easily for him.

The journey towards a successful life is not a straight line, it’s a bumpy road full of difficulties and setbacks. The average person would give up along the way, but a champion would stay resilient. It’s the mindset that makes a true difference. The good news is that the more obstacles you overcome, the more resilient you become.

3. Focus

What do you want in your career and in your life? This is not something that can go with the flow. You cannot simply live your life one random day after another and expect great things to come your way. You have to focus on particular goals and work your way up there.

Ken Chenault, CEO of American Express, has a nice tip for everyone who wants to become successful: “Dedicate yourself to a core set of values. Without them, you will never be able to find personal fulfillment, and you will never be able to lead effectively.”

Simple and straight to the point, right? So set your goals! Find that major goal you want to achieve and break it up into smaller achievements. Then, start accomplishing things on a daily basis. You need to devote your life to achieving that goal.

4. Be Bold

Steve Jobs wasn’t focused on getting an average job, achieving average results and living an average life. He had big dreams and bold goals. All successful people have something in common at the starting point, a bold dream. Being afraid to dream big is a huge mistake. Set your imagination free! What’s the biggest thing you’d like to achieve? If you believe in yourself and you start working towards that goal one day after another, you’ll unlock your true potential. You’ll realize that not many things are impossible. You can achieve much more than you believe you’re capable of.

“If you really look closely, most overnight successes took a long time.” – Steve Jobs

5. If You Fall, Get Back Up

Have you ever wondered why Richard Branson became so successful? The answer is simple: never gave up, no matter what hardships he faced. His first company didn’t make money. The test flight of Virgin Atlantic Airlines almost crashed because of a flock of birds. Virgin Cola, his soda company, failed miserably. He almost got himself killed during his trip around the world. Richard Branson has done many things, but do you know what he never did? Give up. No matter how serious the failure was, he always found the strength to get back up on his feet and carry on with life. That’s the mindset of a champion!

Never allow yourself to get disappointed from failure. Do not fall back into average just because your big dream doesn’t seem to be working. Failure is not a big deal. It’s just part of the journey, and everyone has to face it. If you carry on, you’ll find success along the way.

So you want to be a champion? You better start working towards that goal without wasting any time. The first step is changing your mindset. Hopefully, the tips above inspired you to do that.

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3 Important Principles You Need to Know That All Billionaires Have in Common

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I’ve always been highly interested in the similarities amongst the world’s wealthiest. Their habits, successes, mindset, and failures have fascinated me. The journey to great prosperity can seem overwhelming, but if you apply success principles to any endeavor you can quickly and efficiently overcome challenges and expand.

Michael J. Gabrielli, founder of WeRunAds, has spent hundreds of hours and tens of thousands of dollars studying billionaires and their habits. Michael has also studied over 2000 different billionaires and from this experience he’s found three principles they all had in common.

Here are the 3 principles the billionaires all had in common:

1. Be in a rapid growth industry at the right time

Timing is so important. Billionaires know when the time is right to enter a market. Most billionaires do not enter first or second into a market because of the inherent risks involved. Many billionaires let the pioneers pave the way and then leverage the knowledge gained to innovate and optimize in order to create something that works.

The key is to find an industry that is soon to take off. Stepping in at the right time is important. Let’s take a real life example that is known all too well– the founder and CEO of Facebook, Mark Zuckerberg. When he entered the scene, the idea of a social network was moderately known, but it was still not quite predicted to be the monster it is today.

Others like Friendster, Myspace, etc. had made some headway into this fledgeling industry and then Facebook entered leveraging the knowledge and expertise gained from the early pioneers. Zuckerberg saw the huge potential of social networking, took what was done previously and made it better.

He is presently worth over $66 Billion and the company has surpassed the 2 billion users mark with 1.4 billion using the platform daily. Not surprisingly, many billionaires were not the first to pioneer the industry they would later find success in. They came in at the right moment, learned from the mistakes and triumphs of their predecessors, and made a lasting final product.

Here’s a practical 3 question exercise you can do to judge if you have the right timing with your current venture:

  1. Look at your industry and say—is this brand new?
  2. Am I trying to invent something that doesn’t exist?
  3. Am I too late to the party?

2. Position yourself better

In addition to finding the right industry and getting in at the right time, billionaires position themselves in the best way. They provide the solution to the need and they think outside the box to do it. Optimal positioning is a commonality amongst billionaires. For example, during the California Gold Rush, people rushed to mine for the gold itself blinded by the promise of large profits.

However, it turned out that Sam Brannan had the better idea for how to position himself for success. He knew the chances of finding gold were risky, so instead he committed to a sure thing. He manufactured the tools that were needed by all the miners to mine gold. As each new miner migrated West, they were happily met by Brannan and his company who were ready and waiting to sell these new hopefuls the shovels and tools they’d need to strike it rich.

Digging for gold seemed to be the most profitable route, however, greater returns were yielded in the supplying of materials required to mine for gold! A good company that also illustrates this concept is Microsoft. They did not seek to create their own computer, but the software that computers would run on. Most people mistakenly think they have to “go for the gold” to attain wealth, but it’s evident in history that selling the necessary tools to the gold miners can be far more profitable.

The two questions you need to ask yourself to see how you could position yourself correctly are, “What industries will need the supplies that I could provide? And, “Am I following the trend instead of innovating?

“Big shots are only little shots that keep shooting. I can see your sun rise out of obscurity. Keep shooting” – Ikechukwu Joseph

3. Take calculated risks

Most people choose the safe bet that is secure, however, this is not common among billionaires. Billionaires take big calculated risks in order to propel themselves to higher levels of influence and success. The most important thing to note here is that while to others the risks seem big—to billionaires, they are calculated.Risk and Calculated Risk are not the same. Calculated risk is measured and well-thought-out. Risk is impulsive and immeasurable. Understanding the difference between the two is a commonality among billionaires. The world’s most prominent figures have at some point in their lives disagreed with the ordinary and took a shot at the unknown. Proper calculation and clever thinking certainly accompanied the bold moves they made in their careers.

Howard Schultz, the CEO of Starbucks, is a great example of this. He had grown up in poverty and made his way out to earn a comfortable wage as an executive at a company that manufactured coffeemakers.

“Risk more than others think safe.” – Howard Schultz

He risked it all when he discovered a small coffee shop named “Starbucks” in Seattle that prompted him to quit his job and step out to create a company that was inspired by the Italian coffee culture and personal relationship people could have with their coffee.

Of the 242 people he spoke to, 217 said no to investing with him. Despite the discouragement, lack of agreement, and investment, Schultz kept pushing on. Fast forward to present time, and Starbucks’ is a massive success. Strong intuition and unshakeable belief is common among high achievers. Many successful billionaires risked their safe jobs, personal assets, and even their reputation to take calculated risks that they knew would pay off huge in the end.

The questions you need to ask yourself now are, “where can I take a calculated risk? Am I holding back when I should be going forward? What tangible steps can I take today to move forward?”

These 3 success principles are staple elements that are common among many billionaires. Now, there are more principles that you must discover and implement in order to become a billionaire. Work diligently and do all that can be done each day. Be inquisitive and study those that you wish to emulate.

Which one of these principles do you need to work on more this year? Let us know in the comments below!

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One Question You Must Answer to Ensure Personal Success

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I don’t believe in quick fixes, in get-rich-quick schemes, or any other system that guarantees instant success with only a modicum of effort. But, I do believe it’s possible to condense great strings of logical thought and intellectual algorithms into basics. I like to keep things simple! Many of my clients love the fact that I don’t overly complete things, and frankly, so do I! I like to ask simple questions whose answers can be had quickly but require some focus in obtaining the outcome.

Here’s the question I always ask: What is standing between your current reality (where you are now) and your ultimate vision (where you want to be)? Are the impediments psychological, physical, emotional or some other reason?

Until you answer what is causing the difference between your AS IS and your SHOULD BE, you will be stuck spinning your wheels in the mud and the muck of the former. This is an important question that requires a level of mental self-examination. And the answer to this question may require a lifetime of introspection. It is an important question to answer because if you know where you want to go that provides direction but examining why you are not there yet can provide momentum. (In other words, by answering the question it may get you there faster!)

“Success is not final; failure is not fatal: It is the courage to continue that counts.” – Winston S. Churchill

It’s just like following a road map. A map is useless unless you know two things, where you are, and where you want to go. What might be stopping you (or at least slowing you down) from the ultimate destination of your passion and life’s fulfilment?

I’ve asked many people about this over the years and have heard these four reasons that keep people from moving forward.

1. Lack of vision

How do you plan to get there, if you don’t know where “there” is? The most difficult undertaking in the world is to sit quietly with a blank sheet of paper and chart out your life. I know, I have many blank sheets of paper to prove it. However, I also found out that it only takes one sheet, with a few well-crafted lines of thought to give you the direction you need. But you need to start!

2. Lack of goals

So, you know where you want to go, you just don’t know how to get there. The second hardest thing in the world is to have a sheet of paper with your ultimate destination on top, and the rest blank as you ask yourself, now what or how do I get to my vision? The process of functional decomposition means breaking down the larger process into steps that are both actionable and motivational. In other words, the steps are small enough to do and you remain motivated because they are so small.

“Successful people do what unsuccessful people are not willing to do. Don’t wish it were easier; wish you were better.” – Jim Rohn

3. You don’t believe you can get there

You want to, but there is a script running through your head telling you to go home, make some chicken soup and don’t leave the house until these foolish notions of greatness are gone. Think about it, your parents never did what you are trying to do, no one in your family has ever done it, you are far too old (or too young) to do that, you don’t have the right education…your rationalizing can go on for a lifetime! Here is my suggestion when it comes to running those self-deprecating scripts: STOP IT!

4. You are lazy

You won’t admit this to yourself, but perhaps you are just plain lazy. I’ve seen it so many times; individuals majoring in minors. Performing high fun, low payoff activities instead of the low fun, high payoff activities. (And, by the way, who ever said that a high payoff activity can’t be fun? There’s that darn script again.) As a species we are inclined to take the path of least resistance, but that path may not lead us to our vision, but you must admit, we are having a great time NOT moving toward our vision! Laziness is not “doing nothing.” It’s doing the wrong thing because that’s what you want to do, and, very often, we know it’s the wrong thing to do!

There you have the four possible things that might be holding you back from the realization of your vision. Are any of them hitting home? Answer this question before you move on:

What is standing between my current reality and my ultimate vision of success?

Image courtesy of Twenty20.com

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