The purpose of this article is to share well proven, effective techniques on executing actions that improve not only personal development, but will enable you to increase your income. The agenda for this article will include case studies on examples of executing goals focused and well building general resources and using them to get your goals completed.
Best practices will also be covered to the extent that it provides insight into staying on track and completely maximizing your productivity.
All of this information is completely critical to enhancing your skills, mastering your time management, generating results, and essentially building wealth. Setting goals were the focus of the previous video lessons. Now the concentration here is executing your goals, as well as having the right resources to aid you.
Setting goals are important, and starts the beginning of your journey to success and financial freedom. There needs to be quick, precise actions after one’s goals have been set or clearly written.
You also must be aggressive in your pursuit, as you are likely to encounter challenges. So it’s important you never let any negative event or circumstance deter you from achieving your objectives.
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1) Explore Starting a Business: Even If you Fail
When I started my financial education company, many people were questioning it. And were skeptical of my ability to become a successful business owner. I struggled at first because I didn’t exactly know what I was doing. I worked hard. But again, nothing.
Have you ever felt that way. You work hard, and either nothing or a little bit was accomplished. You soon realize some entrepreneurs, the highly skilled ones can at times work less than others and achieve more. So I knew something was not right.
What I learned from this experience is that you must know how to execute tasks swiftly and efficiently, as well as know the proper resources needed to support your business needs or goals.
After working hard and getting nothing done, I soon uncovered better ways to complete the same task as I was aiming to do in the past from simply reading more books, and becoming more knowledgeable in the industry I was involved in.
Once I execute executed newer ways, I saw incredible growth that built my confidence and allow me to continue on. It’s more difficult at first starting, but each hour and each day you become smarter and make less mistakes, thereby increasing your efficiency.
Now execution, executing in terms and in the concept of making money. Executing executing tasks is defined as the ability and or skill to carry out a duty and not only completed, but generate high effective results often in terms of profit. We want to make money it is critical that you understand that successful people have offered value based products or services to customers who pay.
Therefore, when executing how to make money you’re offering must in some way provide value to a potential customer and you must communicate that to them clearly the best principles of marketing, I picked up from a motivational speaker named Brian Tracy.
2) Distinguish Yourself From Others
He speaks about specialization, differentiation, segmentation and concentration. All of this relates to executing because through effective marketing, you close sales, which increase and create income.
specialization is a method of production where a business area or economy focuses on the production of a limited scope of products or services to gain greater degrees of productivity to be productive efficiently within a overall system.
The differentiation is what makes you different from competitors, also known as competitive advantage. Segmentation is what area of the market you are in what prospects value you’re offering the most. Then after identifying them, you enter or expand your brand to meet the customer needs.
Concentration is knowing where to focus your time, money and resources after questions such as what are the best ways to contact ideal customers? What are the best possible mediums? What are the best appeals are critical.
As for practical steps, these things are created from answering previous questions, following principles and knowledge on the business you’re running, then writing them out and everyday carrying them out. Once you hear a new idea, try them five to 10 times before concluding and passing judgment on your business as to if they work for you are not. You begin executing your plans by following all of the steps you have outlined in your business plan. The best way to execute is handling your task and duties and bundles and not mixed together.
For example, if you are trying to raise capital, and you’re calling or emailing potential investors do that all at once not scattered out through the day. Also use the law of probability, which means the more productive you become, the closer you are to reaching your goals, but you must be results based driven.
Your goal lists or simply the list or agenda for your business needs, as well as personal desires to increase income will be the centerpiece of where you begin to execute your plans.
3) Write Out On Paper Your Goals
Many successful people have their plans written out in stages that build up to their desired final outcome. In this way, your business or personal plan to increase income should be in stages, with time specific deadlines to finish each component.
Also, to reach your desired income expectations, the map should be calculated. So as time goes by, you know, you are on track or if you need to make adjustments. The daily actions that have made the wealthiest people rich are what they do in their routine. Routines are very important.
Routines often involve daily actions been written out one day or one week before in events. Often the most successful people wake up two or three hours before the average person wakes up. We see here the difference is that the person who got up the earliest got more done in a timeframe before the average person even wakes up.
The earlier you wake up. The earlier you wake, the more you can accomplish in less time. This is why the wealthiest have been able to accomplish so much in little time compared to the people who are not rich.
4) Wake Up Early & Or Maximize Your Time
A couple ways to wake up early is setting your alarm clock 30 minutes before when you really want to wake up so that if you have this urge to hit the snooze in another 30 minutes you will be up hopefully, at a time that you really want it to be up. Another way is to place an alarm, a good distance from you. So when the alarm goes off, you have to get out of bed to get up to turn it off and you’re up.
All you have to do is continue on about your day. Another technique is you could also consider drinking a lot of water before going to bed so your body wakes itself up to use the bathroom. And once you’re up, you’re up and you just move forward with your day.
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5) Hire or Find People To Help Run The Business
Next is finding help or people employees to join your movement or business. As for hiring a entrepreneurs best bet, in my opinion, is finding employees usually through networking. Ask for referrals from your friends, industry, colleges, advisors, accountants, attorneys, board members, organizational members. If one of your advisors or colleagues recommend somebody they’ve done, it is more likely that they will be successful.
Now startups typically find the first 10 to 15 employees this way by referrals and asking around and when new hires come on board, you’ve widing the candidate pool with their skills and expertise and things that they can bring value to the company. If an employee recommend someone, there’s a much higher likelihood that the person will be successful in the job why? Well, candidates get a much more honest perspective of the company.
And in most cases, an employee is going to recommend only someone he or she thinks will be successful to avoid tarnishing their reputation. Now, there are other sources of finding the right people for your business. Unknown Speaker 9:51 But no matter how well connected the employees are eventually the internal network becomes exhausted.
At that point, consider other options like online boards, online job boards, big job boards like Monster indeed, you know they have their advantages, they can bring great opportunity and great talent to you. A small operation is unlikely to have the time or resources to sort through all of them. smaller niche sites can narrow your interested applicants to those in your industry.
Also, keep an eye on popular blogs and websites in your industry, some offering place for Help Wanted postings. local newspapers and trade publications may also be of use. employment agencies and headhunters can help you find employees from entry level to executive, but they do offer a fee.
So does recruiters. Now if you wanting to focus on lower costs, and you have a budget, consider college students as interns, there are platforms for free that let you do this and you cannot find any other opportunities that will allow you to get the most skill for little to no money.
Now, network marketing may be possible considering the dynamics of your business structure. And your business model doesn’t work for everybody.
Do not try to do everything yourself. Try delegating other tasks to other people. So you can focus on higher priority income generating tasks for yourself. It’s also important not to be distracted, and avoid wasting time so you must be urgent.
Use these highly effective methods to avoid distractions. Limit phone or turn completely off. If you’re caught on the phone, make the conversation as short as possible. As someone walks into the room, you’re you know, stand up and leave. act as though you are busy.
6) Say No If It is Not A Good & Valuable Use of Your Time
If people ask for favors, say no. Simply just say, I am too busy. Maybe another time when transitioning from place to place carry work with you so you can complete it on the go. Stay neat, because messy can hinder you if things are out of place.
Work for hours and hours at a time with no interruption. So people and the most successful people are saying that if you work for two to three hours with absolutely no interruptions, you can get a lot done. You must concentrate on skills, growing your knowledge and making them actionable steps, skill skills two skills to master sales and marketing, time management and communication.
7) Be Creative & Get Results
I went to college with someone who is jumping from business idea to business idea, getting nowhere and not being able to raise money for their startup business objectives.
I just want to share this quick story with you. You know, so as an entrepreneur, you must know the resources that are available to you. I mean, you must know numerous options that will act as a resource.
And oftentimes, it’s the resource to raise money for your business. It is unwise to think you want to start a business. So all a person does is just sign up for a website that lets you send emails to 1000s of people asking for donations or starting a business and asking for more information.
There are several ways to fund a business, all of which are either online or written books. The lesson here is that when I was in college, the difference was that one person wasn’t able to accomplish their goals. And starting a business and getting the right money.
They just kind of did it as a hobby. And another person was able to accomplish what they needed, because they just think they seem to be a lot more focused on the task at hand. They did not treat it as a hobby they treated as this is what I want to do.
This is how I’m going to accomplish it and I won’t stop at anything to get it done. Now there is a solution. It doesn’t always have to be traditional fundraising.
But there is always a solution for every situation just have to find out what’s the best method for you traditional or non traditional ways of raising money or getting the materials you need to accomplish whatever you need to accomplish or resources.
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8) Identify Best Resources
Now what resources are needed? How do I know which are right for me? Now? Free. There are free startup business programs in your local area.
There are business groups, general business groups, investment clubs, capital fundraising events, Chamber of Commerce workshops, conferences, webinars, books, articles, business literature, business libraries, university colleges, public government, programs that focus on helping businesses grow. There are so many different opportunities and resources out here for you.
Now, where to find these resources, some are online, some are in your local area, some you may have to travel to another state, but they are out there, you just have to find them how to access resources, it depends.
Some you just simply register for summer subscriptions, some are applications, some you have to sign up, sign up forms. Some you just meet at the actual business event, community settings.
So it just depends. Now, how do you maximize your resources? Here are just a couple couple of different ways you can do that.
Use all free tools, and services as possible, find advisors, or business coaches that are free or willing to give you advice and information to help you in your journey. Also, if you have the budget, a lot of people outsource tasks so they can focus more on high priority task.
Conclusion
Now an extension of business practices, metrics and tracking, create a plan. And at certain times in the year set a time to review. do quarterly or semi annual assessments on the business revenue, growth expenses and any other component that’s crucial to your business.
It’s important that you develop the habit of working hard and so hard that you out work other competition and outwork any other people who want the same thing, as you know, days off, unfortunately, this is the life of an entrepreneur, in the beginning stages must be smart, and do whatever you can to get a competitive edge. Another person at one point said you know sale or die. So with your business, you know, it’s one of the to sale or die.
Now, you must be urgent, you must tell to yourself, do it now. Don’t wait. If you repeat this to yourself, do it now. Don’t wait. This will be very helpful.
Do it now. Don’t wait. If you keep repeating that to yourself, at random times, when you’re might be wasting time you’ll hear yourself say do it now don’t wait. And then we’ll push you to get something done. Procrastinating has to cease, you must act now you must move with urgency.
Now you must work quickly and efficiently. Some of the most successful people, they get an idea, they go out and do it.
They learn from it. They make mistakes, they correct themselves and then move forward. So it is something when you have an idea when you’re trying to be successful.
It’s not something you know, I’ll do that maybe next week, next year, a couple years from now, when I’m in a better situation. No, you must do it quickly and efficiently. It’s not easy, but the more you do something, the better you get at it.
So the point here is to learn how to complete tasks quickly with less errors and mistakes each time is our less than ensures better outcomes.
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