In order to achieve what you've never achieved before, you must be willing to do what you've never done before.While this concept may not be a secret to you,
overwhelming percentage of people who actually apply this principle is staggeringly low. In fact, less than one percent of
population actually work according to this unspoken rule.
Is it any coincidence then, that a corresponding one percent of
American population control more than 80% of
wealth (and pay more than 60% of
taxes)?
In order to achieve
level of financial success you aspire to, whether it's to be a millionaire or a multimillionaire, you must be willing to do things you've never done before.
Start by thinking differently than you've ever thought before. This also means thinking starkly different than
majority of
people you know.
Ah, yes, this is where it becomes more challenging to implement, right?
While this article title, Who wants to be a Millionaire, may have caught
attention of a majority of people, it's
entrepreneurial mind that is most likely to implement this secret to success.
That's because
entrepreneur is willing to do things radically different than what currently exists. She's willing to go out on a limb, take a risk, and perhaps admit she doesn't know as much as she'd like to. She realizes that this is
first step to increasing her knowledge level, and in so doing, she will reach another level of success.
Do you have
truth-accepting, leadership-mindset or
ego-driven, follower mindset?
Let's look at
following case studies of two different people who bought
same type of franchise business, with all things being equal — except
business owners. See which person you identify with.
Determine whose strategy you'd be more likely to implement. Business Owner #1, or Business Owner #2. This will give you a hint as to what you need to put into place to reach
level you seek.
Case Study #1: Business Owner #1, Vera Truthe, thoroughly researched
franchise opportunity before she invested her own money into
purchase of
business.
While Vera was already successful running a similar business of her own, she knew that this more established business, filled with systems to automate everything from managing staff to filling work orders, was going to accelerate her success in reaching her financial goals.
Vera's success strategy: Admitting she didn't know everything she needed to know to run a million-dollar business, she hired a business coach who gave her
insight, strategies, tips and accelerated knowledge that she could immediately implement.
Devouring every book
coach recommended, attending seminars to develop her leadership skills, and participating in teleclasses to improve her communication and negotiation prowess, Vera quickly advanced her knowledge level, and therefore, was effective in doing things differently in this new million-dollar business she just took over.
She happily invested in additional equipment, and realized how important her team was in
overall success of
company. No longer did she rely on doing everything herself like she used to do in her mom-and-pop business.
Instead, she learned precisely how to motivate and connect with each and every team member to fully understand and appreciate what they brought to
table, in order to give them
tools they needed to do their jobs effectively.
She used a battery of assessments to determine each person's strengths in order to ensure their full potential was reached in their position. Realizing that although adding an additional person to
administrative team would "cost" her more,
work responsibilities required it. Another team member would ensure her customers would be served quickly and attentively with
utmost attention they were used to.
She adopted
perspective that, in
long run, this extra team member would raise
overall profitability of
company — not to mention that, this person would allow her to have a life while running
business so she could take necessary vacations to keep her energy level high.
In
end ... Vera enjoyed an extremely profitable, automated, systems-driven business, while enjoying time off to spend with family and friends. Her team was thrilled to work with her, expressing loyalty and commitment to grow with her every year.
Her team continues to learn new and better ways to do things, and their mission is to always improve and to accept change as a constant.
----------------------------------------- Case Study #2: Business Owner #2, Egor Egoiste, saw an amazing franchise opportunity that looked as though it would solve all his current problems in
business he was not-so-successfully running at
time.
It was just
answer he needed! A turn-key million-dollar business, already established with a brand that was unsurpassed in
industry. Finally, he thought, he could relax a little and not work so hard.
Egor's "success" strategy: Egor figured that all he needed to do was raise
capital to invest in
franchise. Since he was already in debt, he figured all he had was a "money issue" and that's why his current business wasn't running as successfully as it could be, compared to
guys who had
money to run
business.
Allowing his ego to get in
way, he discontinued his weekly coaching sessions that were included with
franchise purchase. He thought he knew all that was needed to know about running this franchise because it was similar to
business he was already running. No time for books either — after all, he needed to get jobs done and run
business.