by David Finkel on August 2, 2010
Have you ever wondered what the top “clues” were to determine the real leverage points inside of your business? What follows is a quick list to three of the best clues of real your real leverage points lay.
Plus, here is the link to a 6 minute audio post I recorded that goes into greater details about how you can use these clues to tip you off as to the highest leverage places to focus your resources on to grow your business.
Remember, as small business owners we are faced with the tough choice of maximizing your limited resources to best effect. Here are the clues to find where the top places to focus inside your business are:
1. What is the single greatest “limiting factor” inside your business? Is it the number of leads your business generates? Your sales processes to convert leads into clients? Your fulfillment capacity to take on more business? Your personal time as the main producer for your business? Or is it something else?
2. What are the “sweet spots” in your business? Sweet spots are where your biggest payoff opportunities overlap with your highest likelihood to succeed opportunities. A sweet spot is an opportunity that has a real chance to pay off big, and the odds of things working out are fairly high.
3. What is the single greatest danger your business faces? With the follow up question being, “What steps can you take now to mitigate that danger?”
I hope these questions stretch your mind. Take 10 minutes right now to brainstorm your answers. Again, here is that link to listen to the 6 minute audio post on this subject.
P.S. If you haven’t already done so I HIGHLY encourage you to get a complimentary copy of our latest 176-page book, Build a Business Not a Job: How to Build Your Business To Sell, Scale, or Own Passively.
Technorati Tags: Grow your business, steps to financial freedom, wealth planning, wealth secrets
by Stephen Wilklow on April 16, 2009
by David Finkel on January 27, 2009
We’re talking about a principle here, not an organization for you to join. The principle is simple: in every walk of life, including wealth building, we can do more together than we can alone. If you won’t take my word for it, let me call in some higher authority:
“Two are better than one, because together they can work more effectively.
If one of them falls down, the other can help him up… Two people can resist an attack that would defeat one person alone. A rope made of three chords is hard to break.” Ecclesiastes 4:4
Or closer to home, the wealthiest man of his time, Andrew Carnegie:
“No man is smart enough to project his influences very far into the world without the friendly cooperation of other men. Drive this thought home in every way you can for it is sufficient unto itself to open the door to success in the higher brackets of individual achievement.”
So the concept of the Millionaire Club is really that your journey to wealth begins with the connections you make. Surround yourself with a mindset of poverty, and you will stay poor. Conversely, surround yourself with dynamic, creative people who refuse to surrender to any obstacle, and you will find yourself swept towards your dreams — on a current stronger than yourself. Here’s how I put the principle in my own words:
“We learn to know who we are inside of the social mirror of our peers.
One of the most powerful decisions we can ever make is to consciously
Choose who our peer group is going to be based on the person
We consistently are when we are in their company.”
Look around and ask yourself: who is in my Millionaire Club today? And who would I like to see there? By asking — and living — these questions, you will immediately understand what Maui Mastermind is all about.
Technorati Tags: millionaire club, millionaire secrets, steps to financial freedom, the way to wealth, wealth group, wealth secrets
by David Finkel on January 22, 2009
When times get tough, time itself becomes your most precious asset. How well you use it can hugely impact your financial outcomes. So quit complaining you don’t have enough time.
It’s time to take action!
Here’s one simple step that has delivered incredible results for me, as it will for you. You’ll see an immediate impact on your life, starting day one. And as the months pass, you’ll find you’ve achieved far more than you earlier thought possible. The step is so simple, you could imagine it’s not worth doing. Beware that temptation. This requires an investment of a few moments — for an exponential return in saved time.
The step I recommend is to create a Stop Doing List.
Look at your current task load and challenge each item with these three questions:
- Can I delete it?
- Can I delay it?
- Can I delegate it?
Be tough. Find reasons to say “Yes” to at least one of these questions, for as many tasks as possible. After a while, the Three D’s will get hard-wired into your thinking, and you’ll find yourself “stop doing” before you even “start doing.”
We have two more powerful tips for you in our latest Wealth Updates here:
3 Simple Steps to Upgrade your Use of Time
Check them out and create a little financial freedom for yourself today.
Technorati Tags: how to become a millionaire, investment network, Level Three Wealth, mastermind online, millionaire club, millionaire mindset, millionaire secrets, money network, steps to financial freedom, the way to wealth, wealth builders, wealth group, wealth planning, wealth secrets
