Question 1: How do you define success?
As successful musicians, would you define, success, by how far you have come in your career or do you feel that success has to do with how happy we are?
Joe: I define, success, as the simple act of making, goals, and working towards it.
I believe that we should make both short term, goals, and long term, goals, i.e make 6 month, goals, so we can check them off as we achieve them and longer term, goals, like 5 to 10 years.
Definition of Success
William – I define, success, as “Not Quitting”
I believe that we have to persevere to accomplish our goals and success to me is being knocked down and getting back up.
Darrell – I define success as a legacy.
I believe that we have to leave legacy for our children and families.
Question 2: How have you used failure to fuel your success?
Can you tell the audience of some of your most profound failures and how it lead to your ultimate, success?
William – We should use failures to help us grow and to learn from our mistakes.
Also I have developed the personal mantra that says that
No means Not Now!
So I have become successful by just getting the No’s out of the way to get to the Yes
I also believe that the acronym POOR means Pass Over Opportunity so I always look for opportunities in my failures.
Failure makes us Stronger
Darrell – Failure makes us stronger.
For me failure is never an option.
My acronym is JOB Just Over Broke
Because if you have a job and working for the man, you will always be Just Over Broke!
BIM – When you fall you get back up, you never stay down.
Joe – I won’t lie, failure makes you want to quit!
When your kids are hungry and they are looking at you with eyes that say we are hungry
It does make you want to quit but you always have to remember your WHY.
If you don’t know your WHY, then you will fail because you will not have the strength to persevere and stay the course.
What are some of your beliefs that allowed you to succeed?
Joe – My belief is what you get out what you put in!
And Do unto others as you would have them do unto you.
BIM – Pray! I am always on my knees praying
Darrell – I believe in a higher power
William – I believe Why Not Me?
Why can’t I be a successful Entrepreneur?
I believe that God put us on this earth to live more abundantly and not just to survive.
How to be Successful
What advise would you give to our listeners including our female listeners on, how to be successful.
There has been a lot of attention lately on women having to endure male advances and harassment to succeed. How can women be successful without giving up their values to men? How do you feel this can be prevented?
William – Women have to believe to believe in their, success. They are smarter than men because they have natural intuition. They are and as such they should not have to give up their morals to get ahead.
They have to believe that they have equal rights as much as men to the positions they aspire to be in.
How do you define your success?
Success, is the achievement of something that you have been trying to do.
Success, is the achievement of a high position in a particular field, for example in business or politics.
Someone or something that is a, success, achieves a high position, makes a lot of money, or is admired a great deal.
As we enter into the New Year, what are your, goals, for, success?
Where did you miss the mark in the year that passed?
Do a year in review.
Did you let circumstances get the way of your perseverance?
Or did you achieve all your goals?
If you did not, maybe this would be the time to invest in yourself and hire a Life Coach.
What happens when the vision ends? dealing with failure. In November 2016, most of the country was left in shock when Donald Trump won the general elections, because he did not win the popular vote. Hilary Clinton , failed, at her bid once again to become the first woman president of the United States of America. This was the second time an non established candidate knocked her off the podium. What was the cause of this, failure? I understand Hilary had a hard time, dealing with failure. Why did a woman who has been in politics for over 50 years, been the wife of a great president, founder of a great charitable foundation that provides vaccines for millions of poor children around the world, a champion for the people, lose to a man with no political experience, thinks that some people are superior to some because of their religion, sex and disability?
Was this, failure, because first and foremost she is a woman? It is harder, dealing with failure, when you lost because you are a woman.
In Numbers 27 we see the daughters of Zelophehad, challenging an age-old law that said the women could not inherit the land. In those days’ women were not even counted as part of the church congregation. This was the pre-CHRIST era. Yet today we are still fighting for women’s rights.
Millions of men and women in the United States of America voted for Donald J Trump because he is a white male. One of my followers on Facebook posted that Hilary couldn’t run the country because she is a woman!
Let’s bring this discussion closer to home. Specifically, your home.
What happens when you have a clear, vision, that you worked on every day for most of your life and you fail to realize it time and time again? How do you, deal with failure? The bible says “Let us not grow weary while doing good, for in due season we shall reap if we do not lose heart.” Refuse to be deterred by opinions, policies, and traditions. Do you become disheartened, dealing with failure? God can change the minds and hearts of the populist. What he did for the daughters of Zelophehad, he can do for Hilary Clinton and he can do for you. We can, overcome failure, by keeping the, vision, in front of you and get back up every time you get knocked down.
5 things you can do after, failure, of a goal, company, dream, marriage etc.
1: Watch your Thoughts
Most of us do not understand the power of our thoughts.
Dealing with failure, our thoughts are the highest energy frequency, and has the power to attract like thoughts floating around in the energy vortex. If you don’t watch your thoughts and consciously send back the negative thoughts that make you feel bad, you will experience, failure, for sure. Before you know it you would be a powerful magnet attracting every like thought that comes into range. Keep this up and soon you will be like a hot air balloon that is too filled with poop to take off!
2: Find the good in the situation is another tip to, dealing with failure
“Nothing is either good or bad but thinking makes it so.”
Brian Webb author of “Don’t Give Up, don’t ever give up“ shares his story in his book with that name and is great advice for, dealing with failure.
One day he had a headache like he had never felt before, extremely intense, he felt like he needed to throw up so he went to the bathroom. While in the bathroom he and passed out. He woke up 3 days later from a coma to find out that a blood vessel had ruptured in his brain. He could no longer walk or talk. He realized that life as he knew it, was over.
Doctors predicted that he would never be able to walk, drive a car or live independently again.
Three months later he was released from the hospital. He couldn’t talk, walk, or work. In fact, there was a lot of things he couldn’t do. But he decided to focus on what he could do instead. You heard the saying. When life gives you lemons, or, failure? You make lemonade! Well he decided to make some lemonade.
There is good in every situation, we live in a world of contrast. Nothing exists without its opposite. Find the good in your situation.
Brian decided to focus on fitness.
With the help of his therapist he began to exercise. He began learning to walk again. When he fell down, or experienced, failure, he would get back up. Walking turned to running. This man who could not walk a year ago, now became a marathon runner! I am in perfect physical health and I can’t even run a 5K race without stopping and I would guess this would be true for most of you listening. What makes some people hold a vision in front of them and don’t take failure as an option, while others give up after the first try?
Why is Brian’s story so inspirational? Because of his way of, dealing with failure. He turned his, failure, into triumph. He decided to focus on what he could do instead of what he couldn’t do, and with practice and time, changed his life trajectory. He walked again, talked again, ran again and worked again! What do you need to get back on? I can promise you that if you work at it, you will succeed.
Where there is a will, there is always a way.
3: Change the momentum after Failure
I love Abraham by Ester Hicks. I was listening to one of her videos a few months back and someone in her workshop asked her why he kept attracting negative experiences even though he was conscious about his energy vortex and made conscious effort to clean up his vortex. Your vortex is your energy frequency or your aura.
Abraham’s response was to explain momentum. Ever heard the saying:
The worst it gets, the worst it gets, and the better it gets, the better it gets?
That is all about momentum. If you think bad thoughts and feel bad, then you attract more, failure. The only way to stop the negative spiral of, failure, or negative momentum is to find something about the situation to be grateful for.
Let’s say you are Nick Vujicic and you were born with no arms and no legs. Can you think of a worst fate? You are totally dependent on someone to bath you, feed you, and wipe your butt, for the rest of your life. He can’t even hug his wife. Yet Nick is one of the happiest people you will ever meet. He found many things to be grateful for and because his vortex is full of positive momentum, he attracts great things. He travels all around the world getting paid to speak and motivate others. He has a beautiful wife and son. He learned to swim, use his toes as his hand and do lots of things people with hands and feet take for granted.
The thing about momentum is that it resets itself while you are asleep and is great for, dealing with failure. When you sleep, your spirit leaves your body in much the same way it does when your body dies. So, you have to deliberately keep the negative momentum going by thinking negative thoughts when you wake up in the morning. One way to change the momentum is to develop the practice of thinking of things you are grateful for before bed and on rising. The other is to find something in the situation to be grateful for. In the case of Hilary Clinton. She could be grateful that she will not speed up her aging by 20 years in the time span of 4 years. We all see what that job does to Presidents! It is a time warp!
4: Look for an alternate way to serve, what is your plan B?
I was watching Oprah, another of my favorite people, on Super Soul Sunday a few months back and this very inspirational story was showcased.
This story was about this boy now man who had a, vision, from God when he was 10 years old of swinging his daughter around while she was laughing hysterically. He even got her name in his vision, Cloe. He held this, vision, to his heart dearly and never doubted for a moment that this, vision, would come true and that one day he would have a daughter just like he saw. Cloe had olive skin and brown eyes.
In his early 20’s, he started dating and subsequently fell in love with his childhood friend who was blond with fair skin and blue eyes. Having the vision of his daughter clearly in his mind, he didn’t think that this was the woman God intended for him to marry, because she could not be the mother of a child with olive skin and brown eyes.
One day they were sitting in his car discussing the future and started talking about children. His girlfriend told him that she wanted a daughter and that she would like to name her Cloe. He couldn’t believe it.
Would you have liked to be a fly on the wall when they both discovered that they were meant to be together, because God gave them both the same dream! Halelewa!
He knew that this was the girl that God chose for him to marry.
They got married and immediately started trying to have a family, they couldn’t wait to meet Cloe; but nothing happened. Four years passed, six years passed. The pain was deep from this, failure. How could God give them both a, vision, that failed. How could he be so cruel. For a time, they both became separated from God. They no longer believed. But their faith returned!
The obvious next choice was adoption but they both rejected that option at first. They both wanted their own child. They wanted the baby girl named Cloe. They thought adoption was putting a band aid over their pain.
Finally, after many years of, dealing with failure, they made the mindset shift and decided to adopt a baby. They found an alternative way to fulfill their purpose of being parents.
They waited for some time for the right fit. Months passed before they received an email that a pregnant mother had chosen them to be parents of her unborn child. She was giving it up for adoption. She was also having a girl!
There were exhilarated! Finally, they were going to be parents of a baby girl. They started choosing a name. Cloe was off the table. Cloe was the name of the baby girl God had intended for them to have. This baby girl was not the vision that God had given both of them.
They decided to meet the mother of their new baby girl and get to know her. They drove to her home and when she opened the door, the man noticed that she looked like a grown-up version of the little girl named Cloe that he saw when he was 10 years old. Same olive skin, same features, same eyes. When they sat down to visit with the mother. She asked them if they had a name picked out for the baby. She told them she had a name and she hoped they would keep it. Can you guess what it was? I am sure 100% of you listening would guess right. Cloe.
Still gives me chills. I don’t know what will be Hilary’s path, history will let us know but I know for sure that if the, vision, comes from God, there is never, failure.
5: Remember that there are several routes to your destination if you experience failure
Don’t get tied to a particular path. God is like your GPS navigation system, he can take the fastest route, the scenic route, he can bypass the city and construction zones; but he will get you to your destination. God gave this couple a, vision, that they will be parents of a baby girl named Cloe. He never showed them a vision of the wife being pregnant or delivering a baby. They added that little piece. He showed the man a, vision, of him playing with a daughter named Cloe. He showed him the destination.
If you believe that your, vision, is from God, then when you experience, failure, you would refuse to be deterred. You would not grow weary and disheartened. In, dealing with failure, you would look for an open door, you would look for the lesson so that you can be better prepared for the next battle. You would never quit until you WIN or you DIE. God said in the bible “I know the plans I have for you, plans to prosper you and not to harm you, plans to give you hope and a future” So hear this, if you have failed in something, know that it is not the end!
As I wrap up this post from the Transform Your Mind radio show and podcast. Today I have been coaching on “When The Vision Fails: 5 Things you can do after a failure.” I hope you gleamed something and had a few aha moments. If you have experienced failure, I hope you were encouraged to get up and try again.
You can listen again to this broadcast and any of my previous shows by downloading then on iTunes.
Please remember to subscribe and leave a review.
If you would like to contact me for personal coaching or to be a guest on this radio show and podcast please contact me on the web @ www.myrnayounghelps.com
Valeri Bocage lost everything in hurricane Katrina and used her pain to create her company Powerful Women International. She believes that the greater your pain the greater things that are birthed from this pain. In the, WandaVision, prequel, Vision, was, well, very dead. … Wanda eventually managed to destroy the Mind Stone – and, Vision, – but Thanos turned back time and plucked it out anyway. Both outcomes killed, Vision.
Valerie says that whenever you focus on what you have lost, you can never move forward. Her purpose was to make a difference.
She says to figure out who your audience is. Who are you supposed to make a difference to?
My tip of the week is:
How to Create Positive Core Beliefs
Our guest today shared her story of losing everything in hurricane Katrina and bouncing back to become the CEO of Powerful Women International. To do that she had to have positive self-worth and positive, core beliefs. Beliefs are the truths people hold on to that guide our life. The power of belief can trap you, as in the belief that you deserve only a limited amount of happiness. Or belief can free you, as in the belief that you are safe and protected in the cosmic plan.
When you open your awareness to your strongest, core beliefs, which are known as, core beliefs, two things happen. First, you find out who you are and why you behave in the ways you do. Second, new energies become available when you pursue the, core beliefs, that are life-supporting, fulfilling, and spiritually transforming.
A powerful, core belief, is pure and direct. It gives you a clear sense of who you are. It isn’t confused, conflicted, or compromised. Let’s take steps to make this the kind of, core belief, you are activating. Step one is to bring your, core beliefs, into awareness. The four, core beliefs, you want to activate are:
I am loving and lovable.
I am worthy.
I am safe and trusting.
I am fulfilled and whole.
You already have existing, core beliefs, in these four areas of love, self-worth, security, and fulfillment. Your beliefs can’t be changed simply by throwing out an old one and adopting a new one like changing your wardrobe. The change must come at the level of self-awareness. At the core of your being, where your true self resides, the truth about you is clear and unequivocal: You deserve unconditional love; you are of unique worth in the universe; you can trust Nature to protect and uphold you; and your fulfillment comes from being whole.
To overhaul your beliefs means that you get closer and closer to your core beliefs, these four inner truths, which are absolute. Right now, there’s a gap between them and what you experience. For most people, the positive and negative side of their core beliefs depend on how good or bad their experiences have been in the past. If you have been deeply hurt in love, for example, it is hard to adopt the core belief that you deserve infinite love.
A Self-Awareness Exercise to Create Your Core Beliefs
Hawkeye on , WandaVision, is self aware that he is the weakest link. Although he is an extremely skilled marksman, Clint Barton is often considered to be the weakest Avenger seeing as he’s just a regular guy with a bow and arrow. Reliving experiences from the past only keeps you stuck in the past. Your core beliefs are activated in the now, every day. They can only be changed in the now! Here’s how:
Look upon what’s happening now as a reflection of your, core beliefs. If the reflection is negative, pause and ask yourself why it fits the storyline your beliefs create. If you experience any kind of abusive treatment, for example, this reflects a victimhood story supported by a core belief that keeps you in the story. If you experience unexpected kindness, on the other hand, this reflects a storyline that includes compassion and reflects a core belief in how much you deserve love.
A, core belief, that God has plans to prosper you, will take you through any setback.
• Valeri Bocage started Powerful Women International in 2006 after moving to San Francisco, a move that was prompted by the loss of everything during Hurricane Katrina in New Orleans. Valeri lost everything except her indomitable spirit to help others. Initially, Powerful Women International was formed to help women live their dreams and to begin to support each other worldwide to fulfill their utmost dreams and expand themselves as leaders worldwide.
How did Valerie build and assemble her Power teams?
Power Team, is a team consisting of people who possess all the strengths needed to achieve your mission. They are an extension of you not a mirror.
You’ve thought about your, power team, and created an ideal customer profile based on that aspiration. The same thing should be done as you prepare to build your, power team, members.
As you make a list of your, power team, you’ll need an:
social media manager,
public relations manager,
customer service representatives
This is the time to aim high; to refuse to settle for less-than-ideal.
With her, Power Team, by her side, Valerie was able to take her brand to more people, with greater positive impact. Too many brand builders work to simply fill positions, when they should be working to hire those people who will further the reach and value of their brands. Who will you hire next? What challenges are you experiencing whilst hiring? What difference your, Power Team, made.
If your goal is to increase your earning power or investment power, you need to start with a basic understanding of, economics.
In today’s episode of the Transform Your Mind Podcast, I want to coach on, money, specifically The 90/10 rule.
Basic Economics and the 90/10 rule
The rules of, money, and the 90/10 rule explained. The 90/10 rule states that 10% of the population makes 90% of the wealth. The reason that 10% of the population earn 90% of the wealth in this country, is because the rich understand the, economics, of, money. They understand, how to make money.
Money, is used in the exchange of goods and services.
Hence the rise of, bitcoin, as, money, used in the exchange of goods and services.
Money, circulates in the economy through the Federal Government.
The Federal government’s main customer is the U.S Treasury.
The Federal government collects tax payments and deposits into the US treasury.
The US treasury then pays the government’s bills e.g social security checks, interest payments on treasury bills and bonds and oversees the operations of the nation’s commercial banks and, economics.
But the main job of the Federal government is to establish U.S, economics, policy.
When the country is trending towards high inflation, the Federal government slows down the, economy, by selling securities, Bonds and Treasury notes. This removes cash from the market that would otherwise be available for lending.
In this way the Federal government slows borrowing, forcing interest rates up and cools the overheating, economy.
How Money is Circulated
On the flip side, if there isn’t enough, money, in circulation or there is low inflation i.e. nobody is spending, money; the Feds stimulate the, economy, by buying securities and printing more, money. Thus, allowing more, money, to be available for lending.
Another tool the Fed has at its disposal is interest rates.
When the Feds increases the discount rates to the banks, the banks borrow less and thus have less cash to lend their customers.
The government borrows by selling securities. The more the government borrows, the higher the interest rates.
Whenever prices rise because of the increased costs associated with production but production itself stays the same; inflation, occurs.
Sometimes, inflation, can help create wealth, especially when investments increase in value faster than, inflation rate, as can happen, in real estate.
One of the reasons for the real estate bust or meltdown of 2008 was because interest rates were rising, and everybody was trying to purchase homes before the interest rates go higher, driving up demand and prices!
When demand exceeds supply, prices rise; but when supply exceeds demand, prices fall.
Now that I have reviewed some fundamentals of, economics, let’s get into our topic for today.
Millennials, starting out in life you should make the determination not to be in the 90% bucket. The 90% bucket is the people who choose comfort and security instead of being rich!
You must choose to be rich!
As a coach I would like to teach you how to be a part of the 10% bucket.
But, like any skill, it takes practice to get the desired results. It takes reading, learning and coaching.
The starting point is always the mind.
Have the intention to make more than enough.
Have the intention to be more than enough.
Decide today that you are going to have a quality life that allows you the freedom to travel, to eat at great restaurants, to purchase a luxury home in a great neighborhood, that your kids will go to great schools and get a quality education.
Thanks to the electronic revolution, it is now possible for more and more people to gain access to the world of wealth. To be in the 10% bracket you must become wealth conscious.
How to Make Money
How to make money, from stocks and other investments.
Wealth can take the form of investing in stocks,
investing in real estate either your primary residence or investment property;
entrepreneurship through building products,
selling consumer goods,
Selling information products
publishing or on-line marketing.
Mindset shifts from the Industrial Age to the Information Age
1. In the Industrial Age, your grandparents believed that you should study hard, get a degree and get a good paying, secure job.
2. In the Industrial Age your grandparents were told to save money in the bank for retirement or for a rainy day.
In the Information Age, to get in the 10% bucket you must create assets of your own.
In the Information Age, statistics show that most jobs today will be obsolete in 10 years so in addition to studying hard and getting a degree, you must also become financially literate. You must learn, how to make money, from passive income streams.
Unless a man enters upon the vocation intended for him by nature, and best suited to his peculiar genius, he cannot succeed.
The foundations for success does not change with times. Like the word of God, it is good yesterday, today and forever.
Basic Economics for success that transcends the Industrial age and the Information age:
The foundation of success in life is good health: that is the substratum fortune; it is also the basis of happiness. A person cannot accumulate a fortune very well when he is sick. He has no ambition; no incentive; no force. Of course, there are those who have bad health and cannot help it: you cannot expect that such persons can accumulate wealth, but there are a great many in poor health who need not be so.
To, make money, requires a clear brain. A man has got to see that two and two make four; he must lay all his plans with reflection and forethought, and closely examine all the details and the ins and outs of business. As no man can succeed in business unless he has a brain to enable him to lay his plans, and reason to guide him in their execution, so, no matter how bountifully a man may be blessed with intelligence, if the brain is muddled, and his judgment warped by intoxicating drinks, it is impossible for him to carry on business successfully.
Choose the right Vocation
Unless a man enters upon the vocation intended for him by nature, and best suited to his peculiar genius, he cannot succeed. I believe that the majority of persons do not find their right vocation. They enter into a vocation determined by an annual salary or other factors and not passion and purpose.
How to Make Money by Selection the Right Location for a Business
After securing the right vocation, to, make money, you must select the proper location. You may have been cut out for a job in silicone valley, they say you are a genius, but you work in Detroit” You might be able to run a hotel like Ivana Trump; but you live and work a city with 2000 people. Your location would be your ruin. It is equally important that you do not commence business where there are already enough to meet all demands in the same occupation.
AVOID CONSUMER DEBT
You can’t, make money, with consumer debt. Young men/women starting out in life should avoid running into bad debt. There is scarcely anything that drags a person down like bad debt. Credit card for clothes and shoes and designer purses. if he/she succeeds in paying off the credit cards and gets more credit again, he/she is adopting a habit which will keep him in poverty through life. Working 12 hours days to pay for bad debt, he has nothing to show for his money. This is properly termed “working for a dead horse.
When a man is in the right path, he must persevere. I speak of this because there are some persons who are “born tired;” naturally lazy and possessing no self-reliance and no perseverance.
So many have almost reached the goal of their ambition or dreams, but, losing faith in themselves because of disappointment and failure, have given up and the golden prize has been lost forever.
If you hesitate, some bolder hand will stretch out before you and get the prize.
Perseverance is sometimes but another word for self-reliance. I have heard stories of men who have met with major losses and rejection, and have bridged them over by simple perseverance, aided by a firm belief that they have favor with God, and that Providence would “overcome evil with good.” You will see this illustrated in any sphere of life.
WHATEVER YOU DO TO MAKE MONEY, DO IT WITH ALL YOUR MIGHT
Work at it, if necessary, early and late, in season and out of season, not leaving a stone unturned, and never deferring for a single hour that which can be done just as well now. The old proverb is full of truth and meaning, To, make money, “Whatever is worth doing at all, is worth doing well.” Many acquires a fortune by doing his business in excellence, while his neighbor remains poor for life, because he only half does a half ass job.
Ambition, energy, industry, perseverance, are indispensable pre-requisites for success in business.
GET ABOVE WAITING FOR SOMEONE TO DIE TO INHERIT MONEY
How many times have I heard this “I will tell you confidentially; I have a wealthy old aunt, and she will die pretty soon; but if she does not, I expect to find some rich old man who will lend me a few thousands to give me a start. If I only get the, money, to start with I will do well.”
There is no greater mistake than when a young man believes he will only succeed with borrowed, money. Money, is good for nothing unless you know the value of it by experience. Give a boy twenty thousand dollars to start a business, and the chances are that he will lose every dollar of it before he is a year older.
Like buying a ticket in the lottery; and drawing a prize, it is “easy come, easy go.” He does not know the value of it; nothing is worth anything, unless it costs effort. Without self-denial and, economy; patience and perseverance, money, has no value to you. Nine out of ten of the rich men of our country to-day, started out in life as poor boys, with determined wills, industry, perseverance, economy and good habits.
DO NOT SCATTER YOUR SKILLS
Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it. A constant hammering on one nail will generally drive it home at last, so that it can be clinched. When a man’s undivided attention is centered on one object, his mind will constantly be suggesting improvements of value, which would escape him if his brain was occupied by a dozen different subjects at once.
Many a fortune has slipped through a man’s fingers because he was engaged in too many occupations at a time. There is good sense in the old caution against having too many irons in the fire at once.
BE SYSTEMATIC IN YOUR QUEST TO MAKE MONEY
Men should be systematic in their business. i.e create a duplicate system. By introducing a system into all your transactions, doing one thing at a time, always meeting appointments with punctuality, you find leisure for pastime and recreation; whereas the man who only half does one thing, and then turns to something else, and half does that, will have his business at loose ends, and will never know when his day’s work is done, for it never will be done.
Of course, there is a limit to all these rules. We must try to preserve the happy medium, for there is such a thing as being too systematic. There are men and women, for instance, who put away things so carefully that they can never find them again.
The 90/10 rule can be applied to all areas of life.
The Simple Principle of 90/10 that Affects Your Whole Life
So you are now an, Entrepreneur, and working for yourself! You are the Boss, the President and CEO! What do you do next? The first decision to be made is figuring out what Business structure works best for you.
Entrepreneurship – What makes one throw in the employment towel? Why do, Entrepreneurs, give up the guaranteed paycheck every two weeks? Work 14 hour days, and sometimes not even pay themselves. Why? I think it is because we are passionate about what we do. When you are passionate about what you do, you would it for free!
“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” –Steve Jobs, Co-Founder, Chairman and CEO, Apple
Is, Incorporation, or, Sole Proprietorship, the right structure? Are you “Minding your own business”? This is a term made popular by Robert Kawasaki in the book “Rich Dad, Poor Dad” and refers to the concept having regular employment while operating your own business on the side. Robert suggests that you have this dual employment status until your business on the side generates revenues equals your current pay check. This relieves the stress of supporting yourself and your family with revenues from a new business. Your Accountant can recommend the best structure for your company or you can refer to my self help start up guide “Minding your own business” available for download at www.shop.myhelps.us. Below is an excerpt from “Minding your own Business”
What New, Entrepreneurs, Need To Know:
As a new, entrepreneur, you need to know your federal Tax responsibilities. In addition to knowing about federal taxes, you need to make some basic business decisions.
What is the Form or Structure of your new Business?
The most common forms of business are the, sole proprietors, Corporations, Partnerships, LLC, and S Corporations. When beginning a business, you must decide which form of business to use. Legal and tax considerations enter into this decision.
Sole Proprietorship: A, sole proprietorship, is an unincorporated, small business, that is owned by one individual. It is the simplest form of business organization to start and maintain. The business has no existence apart from you, the owner, entrepreneur, Its liabilities are your personal liabilities. You undertake the risks of the business for all assets owned, whether or not used in the business. You include the income and expenses of the business on your personal tax return.
Corporations: In forming a corporation the, entrepreneur, and prospective shareholders exchange money, property, or both, for the corporation’s capital stock. A corporation generally takes the same deductions as a, sole proprietorship, to figure its taxable income. A corporation can also take special deductions. For federal income tax purposes, a C corporation is recognized as a separate taxpaying entity. A corporation conducts business, realizes net income or loss, pays taxes and distributes profits to shareholders. The profit of a corporation is taxed to the corporation when earned.
Limited liability Company: A limited liability company ,LLC, is an entity formed under state law by filing articles of organization as an, LLC. The members of an, LLC, and the, entrepreneur, are not personally liable for its debts. An, LLC, may be classified for federal income tax purposes as either a partnership, a corporation, or an entity disregarded as an entity separate from its owner by applying the rules in regulations.
S corporations: An S corporation is a, small business, with an eligible domestic corporation can avoid double taxation (once to the corporation and again to the shareholders) by electing to be treated as an S corporation. Generally, an S corporation is exempt from federal income tax other than tax on certain capital gains and passive income. On their tax returns, the S corporation’s shareholders include their share of the corporation’s separately stated items of income, deduction, loss, and credit, and their share of non separately stated income or loss.
Employer Identification Number, EIN, is used to identify the tax accounts of employers, certain, sole proprietors, corporations, partnerships, estates, trusts, and other entities.
Some Other Considerations of your new, Entrepreneur, are:
Who are your customers?
How do you market to this select base?
What are my skills? What skills do I need to complete my team?
What is my vision? What is my plan to get there?
With the current state of the, economy, having a well-defined, target market, is more important than ever. No one can afford to target everyone. Small businesses, can effectively compete with large companies by targeting a niche market. Many businesses say they target “anyone interested in my services.” Some may say they target, entrepreneurs, homeowners, or stay-at-home moms. All of these targets are too general. Targeting a specific market does not mean that you have to exclude people that do not fit your criteria from buying from you. Rather, target marketing, allows you to focus your marketing dollars towards a specific, target market, and brand message on a specific, target market, that is more likely to buy from you than other markets. This is a much more affordable, efficient, and effective way to reach potential clients and generate business. For example, if you are a Florist, your customers could be anyone with a birthday or anniversary but you could decide to target the wedding market and put your marketing dollars towards that, target market. With a clearly defined, target market, it is much easier to determine where and how to market your company.
Here are some tips to help the new, entrepreneur, define the, target market:
As an, entrepreneur, you must know your current customer base
Who are your current customers, and why do they buy from you? Look for common characteristics and interests. Which ones bring in the most business? It is very likely that other people like them could also benefit from your product/service.
An, entrepreneur, must check out the competition
Who are your competitors targeting? Who are their current customers? Understand why they are targeting this demographic and then try to become innovative and offer something different. You may also find a niche market that they are overlooking.
Choose Specific Demographics for your, target market.
Figure out not only who has a need for your product or service, but also who is most likely to buy it. Think about the following factors:
Marital or family status
The, entrepreneur, must consider the Psychographics of Your Target Customer
Psychographics for, Target Marketing:
Determine how your product or service will fit into your, target market, lifestyle.
How and when will they use your product or service?
What features are most appealing to them?
What media do they turn to for information?
Do they read the trade journals, search online, or attend particular events to choose suppliers?
As an, entrepreneur, you must understand How Your Customers Think. Once you’ve decided on a, target market, be sure to consider these questions:
Will my target really benefit from my product/service?
Will they see a need for it?
Do I understand what drives my, target market, to make decisions?
Can they afford my product/service?
Can I reach them with my message?
Are they easily accessible?
You may be asking, “How do I find out all this information?”
Try searching online for research others have done on your, target market.
Search for magazine articles and blogs that talk about your, target market.
Search for blogs and forums where people in your, target market, communicate their opinions.
Look for survey results, or consider conducting a survey of your own.
Ask your current customers for feedback.
What are my skills? What skills do I need to complete my team?
The In’s and Out’s of Entrepreneurship
In the early days of running your, entrepreneurship, as a new, entrepreneur, it’s natural to try to do as much as possible yourself. It’s the most cost-effective, comfortable, sensible way to do things in the beginning. But as your enterprise grows, you’ll find yourself stretched thinner and thinner. Eventually, you’ll find you just can’t continue to oversee operations and sales and accounting and fulfillment and marketing–and hope to continue to grow your, small business. When you reach this point, it’s time to think about bringing other high-level managers or team members on board to help you out.
You need to build a senior team that’s able to manage all the critical areas of your business to take it to the next level. Building your team demands matching jobs to people’s strengths. That means giving people responsibilities according to skill level, not based on how close a friend they are, or how closely related they are to you, or whether you just like their sunny personality. Become Conscious of your strengths and the areas you lack the necessary skills. Eg. Are you creative? Can you design your marketing or branding materials? Are you skilled in sales? If not you need a sales team. When it comes time to hiring an executive team, you’ll need to find people to fill the following roles:
Leadership roles in your Company
Chief Executive Officer (CEO). The fact of the matter is, the CEO is the boss of everyone and is responsible for everything. They determine the company’s strategy. They hire and build the senior team. They make the final call on how resources get divvied up, and they’re the one whose face appears on the press releases!. The CEO’s skills must include strategic thinking, the ability to rise above the daily details and decide where the industry and business are headed. They must then be able to decide the company’s best route for navigating the future market conditions. They have to be able to make good bets.
Some of the best are Steve Job; Apple; Bill Gates, Microsoft; Jack Welsh, GE.
The CEO’s key skill, however, is in hiring and firing. The right management team can cover a CEO’s shortcomings. A CEO may be able to set strategy, predict the future and control the budget, but if they don’t hire the right team, they have to master it all themselves.
Chief Operating Officer (COO). A COO handles a company’s complex operational details. Think about UPS moving three billion packages in the two weeks before Christmas: or think of a Florist delivering hundreds of flowers on Valentine day. The day after is too late! The company’s COO insures the business can deliver day after day. He figures out just what needs to be measured so he can tell if things are going well. Then his team creates the systems to track the measurements and takes action when the company isn’t delivering. As an Entrepreneur, you are probably the President, CEO and COO. If you just take orders and do no planning and measuring then you will remain an Entrepreneur.
Your vision should be to grow up and become an Enterprise!
President. A president oversees staff functions–human resources, finance and strategy–while the COO oversees daily operations. the president can also be a synonym for COO, especially in smaller companies.
Chief Financial Officer (CFO). Plain and simple, your CFO handles the money. They create budgets and financing strategies. They figure out if it’s better for your business to lease or buy. Then they build the control systems that monitor your company’s financial health. The CFO is the “bad guy” who won’t let you buy that really cool videoconferencing equipment and makes you pay down a commercial loan instead. While you mope about it in your office, the CFO will be busy figuring out which customers, business lines and products are profitable, so next year you can afford the really cool videoconferencing equipment.
Chief Marketing Officer (CMO). Recently, companies have been bringing in a marketing expert at the C-level rather than as just a vice president. The reason is simple: Many current business battles are battles of marketing, so corporate strategy often hinges on a marketing strategy. The CMO owns the marketing strategy–and that often includes the sales strategy–and oversees its implementation. The CMO will know (or learn) your industry inside out and helps you position your product, differentiate it from your competitors’ products, enlist distributors, and make sure customers learn to crave your product. Think of Apple and the new IPhone 6!
All business Live or Die with marketing. I heard a story once about a new magazine start-up Company that hired a sales person to go door to door and sell subscriptions to the magazine as their marketing plan. The magazine was a very good magazine but the business failed because the sales person (their only form of marketing) did not sell a single subscription in 6 months! I am marketing to you the reader of this Blog right now! Marketing can take many forms; but it is the blood of a business. Without it, your business dies.
Chief Technology Officer (CTO). A CTO should keep up with technology trends, integrate those trends into the company’s strategy, and make sure the company keeps current when it’s necessary. You need a CTO if technology impacts your business or industry strategically.
Entrepreneurship is about going for the things that are much bigger than what you could do alone. Your job isn’t to reach the goal; it’s to build a team that will reach the goal. If you really want to reach your goals, you’ll need to bring on others to help, and creating a good executive team means knowing what you need them to do, finding good candidates, and giving them what they need to do their jobs. If you choose well, they’ll be successful and make you successful as well.
Qualities of an Entrepreneur Leader
Vision – The Universal Energy behind your dreams
“Some believe there is nothing one man or one woman can do against the enormous array of the world’s ills — against misery, against ignorance, or injustice and violence. Yet many of the world’s great movements, of thought and action, have flowed from the work of a single man. A young monk began the Protestant reformation, a young general extended an empire from Macedonia to the borders of the earth, and a young woman reclaimed the territory of France. It was a young Italian explorer who discovered the New World, and 32 year old Thomas Jefferson who proclaimed that all men are created equal. ‘Give me a place to stand,’ said Archimedes, ‘and I will move the world.’ These men moved the world, and so can we all.”— Robert F. Kennedy
Pat Riley’s vision was to win a Championship for Miami. So he put together his team with his star players; Lebron James, Dwayne Wade and Chris Bosh. Then he needed supporting players, each with supporting skills. He also needed the right coaches! Vision, The right team and execution won him not One but Two Championships!!
If you do not take control of your, emotional intelligence, and thoughts, they will repeat in cycles. We have over 70,000 thoughts per day and 90% of these thoughts repeat over and over. That is why people get stuck in life, reliving the past like Groundhog day.
Jenny R. Craig, LCSW, BCD is a, transformation, specialist, utilizing her expertise in assisting leaders in creating authentic, profound, long-lasting impact in their organizations and personal lives.
Emotional intelligence, is important because, Strategic planning, does not kick in until the mid-twenties.
Also any huge trauma changes the way the brain works.
As a, transformation, coach we give our clients tools and techniques that can move them through the darkness of being stuck in rewind, and into the light. The light is to find out your true purpose and discover who you really are.
Emotional Intelligence, allows you to do the mental work in living a purposeful life.
Here are four traits of Emotional Intelligence:
* Self Awareness: Knowing what we are feeling and why we are feeling this way.
* Self Management: Handling distressing emotions so that they don’t cripple you.
* Empathy: Knowing what someone else is feeling. Being capable of walking in another man’s shoes.
* Skilled Relationships: There is not a better barometer of, emotional intelligence, than the quality of one’s relationships. When you put the top three skills together, you will have quality and healthy relationships.
What is Emotional Intelligence
Emotional intelligence refers, to the ability to identify and manage one’s own, emotions, as well as the, emotions, of others.
Emotional intelligence, is generally said to include at least three skills:
the ability to identify and name one’s own, emotions
the ability to harness those, emotions, and apply them to tasks like thinking and problem solving
the ability to manage, emotions, which includes both regulating one’s own, emotions, when necessary and helping others to do the same.
There is no validated, emotional intelligence test.
Test for, emotional intelligence, looks for the general intelligence factor—and many argue that, emotional intelligence, is therefore not an actual construct, but a way of describing interpersonal skills that go by other names.
Despite this criticism, the concept of, emotional intelligence, sometimes referred to as emotional quotient or EQ—has gained wide acceptance. In recent years, some employers have even incorporated, emotional intelligence tests, into their application and interview processes, on the theory that someone high in, emotional intelligence, would make a better leader or coworker.
Conclusion Emotional Intelligence
I am grateful that you have tuned into this podcast from all around the world. I believe that the spirit of God has attracted you here so that you can receive the insights, revelations and knowledge revealed on this broadcast. Whatever you need for this day in your life you will receive. I can truly say that your life will never be the same because a brain that has been expanded with knowledge can never return to it’s original size. I invite you to subscribe to this podcast so that you will receive new podcasts every week with more insights, revelations and knowledge so that you can live your best life now.
Arika Pierce is a generational strategist and Attorney, author, a, millennial coach, and speaker. She introduced me to this new Terms, Xennial, and, Gen Z. Arika has a unique perspective and
has developed strategies and techniques to bridge, Millennials, and, Gen Z, to generations before and after them.
The term, Gen Z, is the micro generation between, Generation X, and, millennial. I was born in March 1980 and, Millennials, you know the years vary a little bit in terms of the source the
source that’s defining, Millennials, but usually they’re born between 1981 and 1996; and so I’m sort of in this in-between place where I remember life without you know technology being in
your hands and having the internet. I remember way before any apps.
The, millennial, generation is better understood than the, Gen Z, and they’re more successful, they don’t necessarily live up to the bad rap that they get in the media and from other folks so helping
them to sort of break out of that, millennial, negative brand.
All right, so what do you feel are some of the limiting mindsets that Millennials have?
I’d like to turn to your book on page 15, you say that, Millennials, are described as Entitled, Impatient, Tech Obsessed, Pampered, Self-absorbed and Lazy.
So, that’s how people feel about them; but how do they feel about themselves? According to your research how does that affect some of the limiting mindsets that they have?
I think it’s a great question, I wish more people would Ask, because I feel like there’s lots of people that are talking about what they think, Millennials, are like and
not as many people asking what do, Millennials, and, Gen Z, know themselves. How do they view themselves? I’ll say this I think that, Millennials, don’t view themselves as any of these of these adjectives that you just Listed. Certainly none of these are very Positive; but I do think that they have a mindset that backed by parts of their upbringing. So, for example Millennials are definitely part of that feeling everyone gets a trophy generation. They definitely have a mindset where everyone is equal. I think in many ways that can be limiting especially as they transition to adults and transition into their careers and into the workplace.
Do Gen Z feel Entitled?
The reason why I say this is because I think, Gen Z, oftentimes feel they’re entitled. They feel that on their first day of work they could be the boss.
Even though they have zero work experience, they still feel that everyone is equal and so they should have all the same access and an ability to share their mind and speak
Gen Z, communicate and the level of transparency that they’re they’ve grown accustomed to again I think you know for, Gen Z, the mindset is that communication should be quick, it should be easy, you don’t necessarily have to think too much about it, you could just send someone over a text message.
I think that can be limiting especially as you transition to work. Sometimes we need to be more thoughtful with our approaches especially at work and in professional capacities. I mean
sometimes you need to think through what you say, and how you say it, who you’re saying it to.
Can you explain it what exactly is adulting and how does that relate to our topic on millennials today?
Adulting, just means that you’re doing the duties and the responsibilities of a fully developed adult. Millennials, use it a lot you know to be funny; but I do think that there
is that the term does make a lot of sense. I mean I think it could be used as both a verb and an noun. I do think for, Gen Z, specifically the transition to adulting has been a
little bit tougher than previous Generations. So that’s why there’s so much emphasis on, adulting.
I see with a lot of, Millennials, that I Coach, I am a, millennial coach, there is a reluctance to sort of let go from Childhood.
What are some of the plays that you talked about in your book to help Millennials transition to, adulting?
What I try to do in the book is give very actionable advice. It’d be really easy to write a book and say go out and be a successful adult and make good decisions, Exercise, drink water, and keep a job and save money right? I would say a lot of us don’t create goals; but the specifics are not there. So I really use every chapter to give very clear or actionable advice on how to do specific things. For
Example, when I talk about how to look for a job. I go through the Specifics.
Why it’s important to have things like a LinkedIn profile, when you’re applying for jobs.
How to make sure that you are presenting your best self on interview day. What to do in terms of following up after an interview.
Once you have the job, how to keep the job and again I am very specific. I say things like on your first day set three goals of the things that you
want to accomplish at that job.
Career Advice for Millennials
Do you want to work on a certain project? Do you want to get promoted within six months? Things like That. I go again very detailed to make sure you get to work on
Time. Getting to work on time, being at your desk ready to work as soon as you know you’re supposed to be there. Etc.
Networking when you go to a networking event make sure you speak with three people and stay 30 minutes after. All of those types of things make you a successful adult. That’s why I called it a,
I tell stories of based upon my own, adulting, experiences.
I like what you say about your brand is that you are the CEO of ME Incorporated, the chief marketing officer for the brand to call you.
As a coach that’s what I teach my clients, that you are you are the lid.
Arika how you readers pick up a copy of your book?
You can motivate yourself with the 3 P’s Patience Persistence and Positivity. Learn, how to motivate yourself, with the power of, positive thinking.
Introduction to Positive Thinking
Synopsis of, Patience, Let’s say you are stranded in the woods. It is dark and it is cold. You need to make a fire to stay warm and to cook anything you can catch. You find a dry stick and a hollow branch and you set about rubbing the stick and the branch together feverishly. You keep this up, rubbing and blowing patiently hoping to create a spark that could be nursed into a fire. You keep rubbing, and blowing. You have all day and all night….. you have, positive thinking, because if you don’t you will surely freeze to death.
Persistence, – When you get tired you take a short break and then you get back to work. You tell yourself, “The fire will start”.
Positivity, You believe the fire will start. You keep your, positivity, by telling yourself “I will have fire, I will stay warm, I will have food to cook and eat”. You let none of the negative thoughts that pop into your head linger, you send them back immediately. Negative thoughts such as, you don’t know how to a make fire, you are not a cave man, maybe the bush is wet and it will not light, you will die of hunger and cold because no one will find you.
No.. as soon as any of these thoughts come into your mind, you reject them and send them back!. You keep rubbing and blowing with increased vigor. You tell yourself “I shall live and not die”.
I use this vision to encourage myself when I am working hard and not seeing results. I need, patience, to keep on working hard knowing that one day I will succeed. I need, persistence, to do it every day and, positivity, to believe that I will succeed one day.
Arnold had the, patience, and the, persistence, to stick with his dream of becoming a world champion and playing the part of Hercules in the United States of America. His, Patience, Persistence, and, Positivity, assured him success.
Sylvester Stallone had to sell his dog for $50.00 because he was starving; but he had, patience, to wait until someone offered him the starring role for the script for Rocky, Persistence, to keep pedaling it to over 1500 studios in New York and the belief and, positivity, that he will succeed…… and he did.
You write a to-do list… but then you don’t follow through.
And this happens again and again and again. Seriously, what’s the problem?
You are not, motivated, So how do you, motivate, yourself?
Why are we so good at thinking of what to do; but so terrible at actually, motivate yourself, to actually doing those things?
Procrastination is a mood-management technique, albeit (like eating or taking drugs) a shortsighted one. But we’re most prone to it when we think it will actually help… Well, far and away the most procrastination occurred among the bad-mood students who believed their mood could be changed and who had access to fun distractions. Motivate, yourself so you can leave procrastination in the dust.
How to use, Patience, to, Motivate, Yourself
Meryl Streep on, Patience:
I no longer have, patience, for certain things, not because I’ve become arrogant, but simply because I reached a point in my life where I do not want to waste more time with what displeases me or hurts me. I, motivate, myself by have a low threshold for time wasters. I have no, patience, for cynicism, excessive criticism and demands of any nature. I lost the will to please those who do not like me, to love those who do not love me and to smile at those who do not want to smile at me. I no longer spend a single minute on those who lie or want to manipulate.
I decided not to coexist anymore with pretense, hypocrisy, dishonesty and cheap praise. I do not tolerate selective erudition nor academic arrogance. I do not adjust either to popular gossiping. I hate conflict and comparisons. I believe in a world of opposites and that’s why I avoid people with rigid and inflexible personalities. In friendship I dislike the lack of loyalty and betrayal. I do not get along with those who do not know how to give a compliment or a word of encouragement. Exaggerations bore me and I have difficulty accepting those who do not like animals. And on top of everything I have no, patience, for anyone who does not deserve my, patience.”
The Power of Positive Thinking
The most famous work of Dr. Emoto was published in 1999 and is called ‘Messages from Water,’ which has sold millions of copies all over the world. In the book, Dr. Emoto explains in detail that what we say, feel, and what we listen to has an effect on water. The research clearly shows how the power of, positivity, can transform anything in our physical reality. He uses water as an example. Since human beings are made up primarily of water (60-75% depending on the source), water has a direct effect on us.
Dr. Emoto placed rice into three glass beakers and then fills the beakers with enough water to submerge the rice. To the first beaker, he states the phrase (in Japanese): “Thank you,” “You’re an idiot” to the second, and ignores the third.
A month later, the rice that was thanked fermented and gave a pleasant smell. The rice that was affronted turned black. Finally, the rice that was ignored began to rot. These depictions of the rice are clear in the video of the experiment.
In the end, Dr. Emoto is pictured explaining that how we treat children is especially important. According to Emoto, we should take special care in how we interact with them and ensure that attention is given. He explained that indifference does the greatest amount of harm, as demonstrated by the third beaker of rice in the video. It’s amazing how the jar with positive words was still white and fresh, when in our reality we would at least believe that it would definitely start to go bad. Amazing! That’s the power of, positivity, at work.
Without a plan your, goals, are just a dream. The most important ingredient for success is a plan!
A plan is usually the distinguishing feature in the success or failure of any, goal.
A study of 100 students in business school found that 66% of students that wrote a business plan succeeded in business even though the business plan was not an accurate accounting of where the business ended up. It seemed that just formulating a plan makes you succeed because it creates a visionary.
Here are 5 strategies to help you achieve your, goals:
1. Faith, You must believe in yourself.
A dream or can inspire you and motivate you to action only if you Believe that you can make it happen.
Don’t have a, plan B.
When you have a, plan B, you are telling your subconscious that you don’t believe that the plan “A” is going to work.
Don’t tell yourself that your, goal, is not realistic. Just remember to reap where you plant.
Watch your self-talk and internal dialogue.
Eg. Your, goal, is to be Regional Vice President Sales but; you tell yourself it will never happen because your boss does not like you. Whether that is a fact or not, you will never be promoted to Regional Vice President Sales until you replace that thought with a winning one.
2. Clarity – Your , goals, must be clear.
What do you want? What is your destination end? What is the vision?
Would you like “Peace of mind?”
Would you like “Financial freedom, and security?”
Would you like “A higher quality of life for you and your family?”
It is not more money. It is not to own your own home your, goals, are what you are going to get from achieving these things.
3. Jump in – Stop waiting for the right time.
Chris Gardner calls this “stop digging your potatoes”
There is never a better time than the present.
Don’t wait until you have the time to upgrade your education.
Don’t wait until you are fired from the job you hate to look for a better one.
Stop making excuses and jump in.
4. Understand your past to gain, clarity, for your, goals
Your past has valuable information about who you are and why you are. It is a storehouse of information.
“Those who cannot remember the past is bound to repeat it.”
It has evidence of where you get stuck, evidence of what you do when the going gets tough, which road do you choose, evidence of your beliefs.
Examine the movie of your life and understand the lessons this helps with self-mastery.
All experiences from your personal library are valuable to create self-awareness.
5. Understand your Why. Why do you want to achieve this, goal.
Why do you want to leave a Legacy?
Why would you like financial freedom?
It is the general belief that the organizing power of the Universe will help those whose, goals, are to serve humanity. Your Why should benefit others and not just yourself.
How to set Goals vs Objectives
Whether you’re working on a team project or defining, goals, for an entire company, it’s critical your employees are on the same page when it comes to terminology.
Goal setting, is different from objectives, often seem like two interchangeable phrases. “We have ambitious, goals, for the new year,” you might tell your marketing team, following up with, “Our objectives are aggressive, but entirely possible.”
When used in a marketing context, it’s easy to misconstrue. To ensure efficiency and unity, then, it’s vital your employees are up-to-date on the two terms you likely use when outlining your quarterly and yearly strategy.
Motivation for Goals is Purpose
Goals, are also different from purpose, are almost similar and one could hardly come across any difference between the two at one glance. Purpose and, clarity, are interlinked, because purpose is the, motivation. .
One of the main differences that can be seen between the two is in the time factor. People try to reach their achievements by setting deadlines. On the other hand, deadlines are not applicable in a purpose.
It can be called as the point one wishes to achieve. On the other hand, purpose can be called as the reason one aims at to achieve a goal. Unlike purposes, goals always go forward in a specific direction.
Purpose, which is all about direction, is that something that influences drive. Unlike dreams purpose is broader and deeper.
Purpose is directly influenced by the values and beliefs one holds. Purpose is deeply rooted in a person. Unlike goals, purpose can b said to be central to human life.
Goals, and purpose, can be measured whereas purpose cannot be measured. The end result can be seen whereas in purpose, it is not that visible. Achievement, aims that a person seeks. It is that which one wants to accomplish. It involves the establishing of specific, realistic and attainable objectives.
Goals, have a specific target. On the other hand, Purpose does not have a specific aim. Goals, can be short term, long term or personal. However, a purpose cannot be short or long term but only pertains to something personal.
Purpose can be termed as a fundamental need of a human being, which gives a meaning to his actions.
Mindfulness Meditation, is not just for Buddhists and monks. Meditation, unlocks the power you have within to take your business to the top.
When you, meditate, you strengthen your intuition, spirituality, awareness, and most importantly, your own sense of self. As many successful entrepreneurs know, reduced stress is the foundation to creating the business and lifestyle you want. If you are not removing your limiting beliefs and constantly working on your vision, you are limiting your own growth and the growth of your company. You are the lid!
Introduction to Mindfulness Meditation
As a leader or an Entrepreneur there is no better way to overcome obstacles, rise to the top or be creative with out first quieting the noise in your head. When you become still you tap into your creative power by connecting to your source. During, mindfulness meditation, you experience that peace that surpasses all understanding that the bible talks about. When you forget about all the things you have to do and just focus on the life inside you by witnessing your breathing, you move closer to becoming conscious and understand your purpose. Being quiet and still allows you to listen to instructions from the higher power who guides you. It is said that it is easier to guide a horse in the direction it is running in; so when you fall into line with what God wants you to do for his Kingdom then your business and your life become less of a struggle.
The reasons we practice, mindfulness meditation, are as varied as the many ways there are to, meditate. In the West, most people are drawn to, mindfulness meditation, to quiet the internal chatter of the brain and to reduce stress. Mindfulness meditation, is indeed a very effective stress reducer, but its benefits—sometimes mysteriously hidden—are far more bountiful. The actual act of, mindfulness meditation, can be as simple as sitting quietly and focusing on your breath while repeating silently a, mantra, a word or phrase. for example the, om mantra, or the Gayatri mantra. There are countless traditions and no singular “correct” way to practice, mindfulness meditation.
Find a practice that you like and stick with it for a while. Notice how you feel as you go about your days. If you find that you have more patience, feel grounded and better able to respond to stressful situations, and are more in touch with your intuition or “gut feelings,” you are enjoying the many benefits of, mindfulness meditation.
I practice, mindfulness meditation, by finding a quiet place in the morning as I drink my coffee. I listen to a, guided mindfulness meditation, tape on topics such as “activating consciousness“, visionary me meditation, “the law of attraction” etc. as I listen I clear my mind by mentally repeating a centering thought and witnessing my breathing. At the end of my meditation I am relaxed, totally open and creative. I usually write some deep insights after my meditation sessions and I get answers from God and the Universe to questions I ask. This is the perfect way to become a visionary and an innovate leader.
Mindfulness Meditation, is good for our Physical Bodies
Scientists gathering data on, mindfulness meditation, have found that a consistent practice of, mantra meditation, not only boosts the mind, but it also bolsters the body. Studies shows that, meditation, can help reverse heart disease, reduce pain, and support the immune system, better enabling it to fight disease.
The mind-body connection between stress and disease is abundantly apparent as science is finding that, mindfulness meditation, can lower production of the stress hormone cortisol. This means, mediators, are better able to adapt to stress in their lives.
2: Mindfulness Meditation, is good for Our Relationships
Paradoxically, while, meditation, helps us tune in and turn inward to our true essence, it also helps us detach from our own egos to connect with others in more meaningful ways. Couples counselors have found when they assign their clients, mindfulness meditation, the couples become less angry, more self-reflective, and more loving. When we become aware of—and honor—our interconnection with other beings, we are able to recast our perspectives, see our worries in a different light, and embrace gratitude, which is the heart’s memory.
The bible teaches that we can’t change others only ourselves and when we, meditate, we tune into who we really are. Our ancestral legacy is a brain that is primed to focus on negative experiences and has a tendency to get stuck in conditioned patterns of thinking, returning again and again to thoughts of anxiety, depression, and limitation. So in our relationships we tend to focus on what we do not have instead of what we do have. As you meditate on a regular basis, you develop what is known as “witnessing awareness”—the ability to calmly and objectively observe a situation, notice when you are being triggered, and consciously choose how you want to respond. The ability to be present and aware is extremely valuable in every relationship.
When you, meditate, you strengthen your intuition, awareness, and most importantly, your own sense of self. Yogis and doctors both agree, mindfulness meditation, even just a few minutes of deep breathing—relaxes the brain, reduces anxiety, and decreases depression. We say we can’t afford the time to, meditate, but the truth is we can’t afford not to. When we tell ourselves we don’t have time to exercise, or meditate, then we will make time for sickness and depression. During most of our waking lives, our minds are engaged in a continuous internal dialogue in which the meaning and emotional associations of one thought triggers the next.
We hear a snippet of music and suddenly we’re thinking about the first time we heard that song with an old boyfriend or girlfriend and how that relationship ended. If we’re still holding emotional pain over that ending, those feelings may bubble up and then our mind may veer into criticism, self-pity, or worries about the future. Mindfulness Meditation, is one of the best tools we have to counter the brain’s negativity bias, release accumulated stress, foster positive experiences and intentions, and enjoy the peace of present moment awareness. A large body of research has established that having a regular meditation practice produces tangible benefits for mental and physical health, including:
Decreased blood pressure and hypertension
Lowered cholesterol levels
Reduced production of “stress hormones,” including cortisol and adrenaline
More efficient oxygen use by the body
Increased production of the anti-aging hormone DHEA
4: Mindfulness Meditation, Reduces Stress and Burnout
What role is more stressful than the role of a Leader? None, as a Leader you are responsible for the lives of your employees, families, and your commitment to your community? Chronic, unmanaged stress can make you sick and accelerate aging. As many scientific studies have found, prolonged stress can contribute to:
high blood pressure,
and accelerated aging.
During, mindfulness meditation, your body releases stress and reverses the effects of the flight-or-fight response—that ancient instinct we all have to either run from perceived danger or take it on in battle. Intended as a short-term protection mechanism, fight or flight causes our body to speed up our heart rate, increase our blood sugar, suppress our immune system, reduce insulin production, pump out stress hormones such as adrenaline and cortisol, and reduce the blood supply to our digestive organs. All of these reactions happen so that our body can focus on either running away as fast as it can—or staying to fight. Although few people reading this face daily threats to their bodily existence, many live in a prolonged state of fight or flight, generating stress in response to bad traffic, criticism from a spouse, or a disagreement.
Regular, meditation, dissipates accumulated stress and cultivates a state of restful alertness. There are many compelling studies showing the power of, mindfulness meditation, to relieve stress and promote inner calm. For example, a 2011 study published in the Evidence-Based Complementary and Alternative Medicine Journal found that full-time workers who spent a few hours each week practicing, mindfulness meditation, reported a significant decrease in job stress, anxiety, and depressed mood. The reason, meditation, is so popular among successful individuals is it helps release stress, lets go of excess thoughts and expand awareness. As you dive deeper into your, mindfulness meditation, practice you see people events and circumstances as they really are, not as they are perceived to be. It allows you to have an internal Locus of control. That means that you don’t react to external stimuli but are proactive with action plans and goals. It also means that as challenges arise in your business, you will not get overwhelmed; but face those challenges calmly and efficiently. As an Entrepreneur Leader, meditation allows you to turn your failures into successes.
5: Mindfulness Meditation, Enhances Your Concentration, Memory, and Ability to Learn
As researchers have found, mindfulness meditation, can help you tap into your brain’s deepest potential to focus, learn, and adapt. While scientists used to believe that beyond a certain age, the brain couldn’t change or grow, we now know that the brain has a quality known as plasticity, enabling it to grow new neurons and transform throughout our lives. Meditation is a powerful tool for awakening new neural connections and even transforming regions of the brain. A recent study led by Harvard University and Massachusetts General Hospital found that after only eight weeks of meditation, participants experienced beneficial growth in the brain areas associated with memory, learning, empathy, self-awareness, and stress regulation. In addition, the meditators reported decreased feelings of anxiety and greater feelings of calm. This study adds to the expanding body of research about the brain’s amazing plasticity and ability to change habitual stress patterns.
Many other studies provide evidence for the value of, mindfulness meditation, in improving the ability to stay focused in world filled with increasing distractions, and demands on our attention. For example, research conducted by the UCLA Mindful Awareness Center showed that teenagers and adults with ADHD who practiced various forms of, meditation for just eight weeks improved their ability to concentrate on tasks, even when attempts were made to distract them. In the world of the Entrepreneur Leader, the ability to focus when you are pulled in so many different directions is extremely important to your success.
6: Mindfulness Meditation, Improves Your Creativity and Problem-Solving Skills in your Business
We each have an estimated 60,000 to 80,000 thoughts a day—unfortunately, many of them are the same thoughts we had yesterday, last week, and last year. The mind tends to get stuck in repetitive thought loops that squeeze out the possibility for new ideas and inspiration. Mindfulness meditation, is a powerful practice for going beyond habitual, conditioned thought patterns into a state of expanded awareness. We connect to what is known as the field of infinite possibilities or pure potentiality, and we open to new insights, intuition, and ideas. And as we meditate and focus on our breathing, we stop this continuous cycle.
7: Mindfulness Meditation, Decreases Anxiety, and Insomnia
The emotional effects of sitting quietly and going within are profound. The deep state of rest produced by, mindfulness meditation, triggers the brain to release neurotransmitters, including dopamine, serotonin, oxytocin, and endorphins. Each of these naturally occurring brain chemicals has been linked to different aspects of happiness:
Dopamine plays a key role in the brain’s ability to experience pleasure, feel rewarded, and maintain focus. Serotonin has a calming effect. It eases tension and helps us feel less stressed and more relaxed and focused. Low levels of this neurotransmitter have been linked to migraines, anxiety, bipolar disorder, apathy, feelings of worthlessness, fatigue, and insomnia. Oxytocin (the same chemical whose levels rise during sexual arousal and breastfeeding), is a pleasure hormone. It creates feelings of calm, contentment, and security, while reducing fear and anxiety. Endorphins are most commonly known as the chemicals that create the exhilaration commonly labeled “the runner’s high.” These neurotransmitters play many roles related to well being, including decreasing feelings of pain and reducing the side effects of stress.