Success can’t happen if you follow the 80-20 rule and you are on the (wrong) 80 % side. The rule states that the right 20% of what you have to do can accomplish over 80% of the desired results. The wrong 80 % includes: busy work, doing things that you like to do, avoiding unpleasant work and procrastination in general. The result is that the wrong 80% takes up 100% of your time.
It’s easy to fall back into old (bad) habits, and changing habits is a difficult task. In 2009 I published a book entitled Turn $1.00 Into Thousands. My motivation for the book was to help people who didn’t know how to start a business or who didn’t even know what they really wanted to do as a vocation. A few of these people were stuck in a job that they didn’t like making less money than what they needed to live.
A formula that I introduced in the book has become a standard that I introduce to new and existing businesses
Success = education + discipline + support + continuity
Education: In the world of business education comes in many forms. The one that is most often ignored is the education gained from our own experience. Too often we don’t learn from our mistakes; we repeat them hoping for a different outcome. The other many forms of education that we are exposed to including consultants, seminars, books, etc. , too often disappear from our memory before it is applied.
Discipline: Having self-discipline is the greatest asset a business owner can possess. Under this comes accountability, doing what you are supposed to do when you are supposed to do it.
Support: Don’t go it alone! As humans we were not meant to live in isolation, and the same applies to growing a business. The saying, “It’s good to be in business for yourself but not by yourself” has to be adopted by every business owner. Finding the right support is important and then evaluating and implementing advice received completes the cycle.
Continuity: Waking up each and every morning and repeating the education, discipline and support part of the formula will lead to you to your goals.
Growing a successful business is a hard job. I find that failure is most often caused by a lack of a plan and the follow thru necessary to implement it.
Destiny is not a matter of chance; it is a matter of choice. It is not a thing to be waited for; it is a thing to be achieved. William Jennings Bryan
Nick J. Petra CFP We supply the support and help you develop the rest of the formula. www.stategicduck.com