There just does not seem to be enough time in the day to get everything done that needs to be done. Or is there? Maybe, you need more time to get more accomplished because of how you spend your time. Think about all the things you do in the day, both at work and at home. Can you eradicate or curtail anything? I suspect so. But more often than not, we convince ourselves that we are already operating at full capacity. Instead of complaining about needing more hours in the day, start believing that you can do more. Capacity is a state of mind. Convince yourself that you can do more, and your mind will find ways to make it happen. More importantly, convince yourself that you should do more, and stick to your conviction. Eliminate your distractions – unmotivated coworkers, checking social media, etc. – and get more done.
Many businesses struggle to build cash reserves. But maintaining a healthy cash balance is vital to the health of your business. There are many advantages to having extra cash. First, you can avoid a short-term cash crunch. With enough cash reserves, you do not have to fret over making the next payroll. Second, having extra cash will allow your company to seize opportunities that it might otherwise have to pass on. Opportunities like buying out a competitor or expanding into a new market. How do you build up your cash reserves? Just like you build your personal savings. Set aside a little every month. Make a habit of reviewing your net profits and cash balance monthly and setting aside a percentage into a separate account. Then, leave it alone. Don’t touch this cash until absolutely necessary. And keep saving until you have six monthly operating capital in cash.
Ever been guilty of saying too much? I think we all are guilty of saying too much at some time or another. Whether you are interviewing a potential employee or terminating a long-term employee, whether you are selling services to a new customer or introducing new services to an existing customer, whatever the given situation may be, people tend to say too much. Over-promising and over-committing are never habits of successful people. Success requires disciplined action, including restraint with your words. No successful person tells everything they know. And they certainly do not promise more than they are prepared to deliver. Most would rather under-promise and lose a business deal than to over-promise and lose respect. In EntreLeadership, Dave Ramsey says, “Even a fish can’t be caught if he keeps his mouth shut.” So when you find yourself talking too much, be wise. Be quiet and listen.
Good leaders produce. And good leaders inspire and enable their team to produce through their leadership and example. Their production creates momentum for the entire team. As the production of the team increases, the team attracts other productive people. The team grows, attracting more highly productive people. The team produces, and the bottom line of the entire organization grows as a result of their growing efforts. A leader cannot fake being at this level of leadership. Either they and their team produce or not. Once a leader has developed deep relationships with their team members, they must show their team they can produce. If a leader cannot produce, their team will not produce to their fullest capacity. Leaders must set the example by working hard, by being dedicated to the organization and by developing their individual skills. If your team is not producing, then you are not leading.
Everyone has moments of indecision. We all experience the paralysis that comes with tough decisions. More often than not, our paralysis comes from fear. We are afraid of making the wrong decision. We are afraid to face the consequences of our decision. We are afraid of the criticism we will face as a result of our decision. To be decisive, you must address your fears. Remember, nothing good comes from not making a decision. Sitting back and passively allowing others to decide your fate will never get you where you dream of going. If you are going to be successful, you must be willing to be decisive. You must act to succeed. You cannot become paralyzed by your fears. You have already decided to pursue your dreams. Now, accept today’s challenges. Do not put off action. Decide today to continue to pursue your dreams and built the life you want.
I often tell my clients success begets success. It’s like Jim Collins’ metaphor of the flywheel. It takes a lot of effort to get the flywheel moving. But once it starts, it keeps moving faster and easier. The problem successful people run into is believing that they can be successful in multiple industries. An entrepreneur starts a business and becomes very successful. So, they decide to start a new business in a completely different industry. And they do this while continuing to run their first business. Because in their heart of hearts, they know that their success is due solely to their business skills. Even if that is the case, the skills that brought on their success may not transfer to a new industry. Instead, stay focused on what brought on your success. Many other opportunities will come your way. Do not assume you will always hit a home run.
Those who adorn rose-colored glasses are destined to live a life below their fullest possibility. Why? Because the ability to see things as they really are and face the brutal facts is necessary to make a good decision. And yet one good decision is never enough to achieve the success that you so desire. People and organizations become successful by not making just one good decision but by making a series of good decisions. This succession of good decisions builds upon each other, accelerating you on your success journey. Even if you do not always make good decisions, bad decisions will not be detrimental, as long as you truly accept and understand the brutal facts. How do you get the brutal facts? Surround yourself with honest people. And create an environment where those people respect you and know that you desire their brutal honesty.
The life that you are living is the cumulative result of the choices you have made. No, you do not have control over the events that occur around you. But whatever happens, you have the power to choose how to proceed. Unfortunately, many do not believe they have this power. Instead, they give up, becoming a passive participant in their own life. To succeed, you must create the life that you want to have. No one else can do this for you. You may not have made the best choices in the past. But that does not mean you must continue to make bad choices in the future. Only you can change the direction of your life. So, forget about the past and forgive yourself for getting you where you are today. And start today living the life that you want to life.
Each of us were born with certain abilities. Either we choose to develop and improve our abilities, or we choose to ignore them. By choosing to develop ourselves and our natural abilities, we begin a process of personal growth. This growth is necessary for each of us to try to reach our full potential. Only by making the choice today to improve ourselves can we ever hope to reach our personal goals tomorrow.
How many things are you waiting for the motivation to start doing? If you are like a lot of people, the answer is probably a lot. If you have not figured it out already, the motivation is not coming. So, stop waiting for motivation to hit you over the head. Stop waiting for someone else to motivate you. Stop waiting and start doing. The doing will create the motivation. And the more you do, the more motivated you will be to keep doing. So, what is stopping you? Get moving. Whatever it is that you have decided to do, do it. Today.