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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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How Your Friends Determine Whether You Succeed or Not

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Can anyone do without having friends? We all have our friends, we share ideas with them, talk together, have fun, and fight. Yes, that’s the baseline of friendship. But, do you know that aside from you, your friends can determine whether you achieve success or not?

There are two things in friendship which are the ability to ”love” and the ability to “influence”. This means you are loved and you are influenced. How do your friends affect your success in life? How are they one of the biggest deciding factors of your success? Let’s find out.

What type of friends do you keep? 

First, what type of friends do you keep? Who do you call your best friend? There are two different kinds of friends, good friends, and bad ones. A lot of people have lost their pathway to success and some have also found their road to success all because of the friends they keep, the people they mingle with. 

Who is your best friend? Answer carefully. Having a best friend means you find each other compatible and understanding. Analyze who your best friend is. If your best friend has not motivated you to do something positive, if who you call your bestie has never given you positive advice, lastly if your best friend has never informed and advised you on your shortcomings, then you don’t have a best friend.

This quote tells us “birds of the same feather flock together”. Countless people have changed from their good nature into a bad one all because of friends. One thing to note is, “negative people move with negative aura”. If your best friend is filled with negativity inside-out then you will surely be affected by his/her negative aura.

They influence your success with positivity or negativity 

The friends you keep can either influence you with positivity or negativity because your friends have the power to change your kind of person completely. 

This is how your friends influence you:

  1. They influence you indirectly with what they do
  2. They influence you directly by teaching and giving you advice 

Yes, that is how they influence you. For instance, you watch a movie and you like the way the actor walks. The question is if you truly like the way the actor walks, won’t you try to imitate the actor? Of course, you will.

Just the way you imitate the actor is the same way your friends can influence you with their character. However, the funny part is, they don’t have to teach you to do things like them. You just find yourself imitating and copying them gradually.

An important question to ask is, are you imitating a good friend or a bad one? If you imitate a good friend then you will be good, but if you imitate a bad person, you will surely become a bad person.

Everyone wants to succeed, a good friend will always teach, enlighten, and motivate you for success. A bad friend will only motivate you to do evil things (smoking, drinking, fight, envy,).

And you should know that things like that are a great enemy of success and even of God. So, if you have these bad elements in your life, how will you achieve success? There is no way!

And also, they can teach and advise you directly. But, what do your friends teach you? When you ask them for advice do they inspire you positively or teach you the bad stuff.? A lot of people have regretted lifelong decisions just by listening to the advice of friends. 

The company you keep has the power to influence and change you. Never forget that a positive influence will teach, motivate, and brush you up for success. While a negative influence will inspire you to become a bad person, change your good nature, and leave you with regrets in the end.

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The 3 Step Process to Building a Profitable Pitch

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As a communication coach, one of the top questions entrepreneurs ask me is how to deliver a winning pitch to potential investors. They want to know if there’s a magic formula to get an investor to say yes and buy into their dream and their business. (more…)

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The 4 Pillars of Wealth and Abundance

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Have you ever wondered what the formula for a wealthy and abundant life is? Many people have. Lots has been written about the subject of wealth creation and living an abundant life. It was a breaking point in my journey and pursuit of success when I found out that there is a clear path to achieve success in life. Thanks to those who have shared their journey, we can clearly see and follow the principles of prosperity. (more…)

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Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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why you should have a podcast
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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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