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Wealth: 7 Ways to revitalise your Business and Create future wealth

Written by: Peter Lawless

Article Overview: Whether your business is a startup or has been around for many years, there are things we all need to do to ensure its success. I have for years seen and heard of things that have helped businesses grow and prosper. These 7 ideas, when acted upon, are all things that successful business owners have done, which have helped them say to themselves – “I am a success”. Read on, to see if maybe one or all of these ideas could help you. Have self belief, if you believe in yourself, so will others.

Wealth: 7 Ways to revitalise your Business and Create future wealth

Just try it, follow these 7 steps, and see what they can do. For those of you who end up tipping the scales at the millionaire side of things, do drop me a line, I would love to hear the success stories.

1. Do something positive right now! - Stop reading, get a piece of paper and write down a small task that will contribute to one of your goals. Do it right away. It might be; backing up your data on your computer, writing a letter to an important customer or make a call to a partner relating to business. What ever it is you do, ensure that the positive outcome will be beneficial to your business. Do it now, this means no postponing and no delaying.

2. Set your personal and business goals for the next year! – This could be a revenue figure, a number of customers you want on your books or the number of leads you need to generate. Alternatively, you may wish to focus on profit goals and time off goals. The reason for goal setting is that it helps you stay focused, while having something to aim for. If you are feeling good about this, why not follow on with your 3, 5 and 10 year goals!

3. Decide on how you will reach you goals – develop a plan! – Some companies offer Strategic planning from a business and personal perspective. If you have the discipline, do it yourself. Take your goals, and look for ways you want to achieve them. Be a bit like a football coach. Create play moves that will help you and your team score.

4. How to put your plan to effective use! – Action part of your plan every day that will bring you closer to your goals. It doesn't have to be big - but if you have too many days between actions, your momentum will dwindle and eventually die. Sometimes, as a result of either your actions or an outside influence, you will need to alter your plan, such as the competitions defense being strong.

5. Actions speak louder than words! - Be decisive, nothing slows momentum more than indecision. Decide as quickly as possible and then take some immediate action to support the decision - no matter how trivial it seems.

6. Identify your strengths, compliment your weaknesses by hiring or outsourcing - When questioned on the secret of his greatness, Abraham Lincoln replied “It is not that I am great, rather I surround myself with great people”. Build a strong team of people with complimentary help you get things done more quickly and efficiently. If it does not make sense to hire full-time people to do things like accounting or sales & Marketing – outsource it. This way you only pay for the value of the service you get.

7. Have self belief, if you believe in yourself, so will others! – The converse is also true. How can a sales person discuss value of ownership with a customer if they don’t believe in it? If you are frustrated or discouraged, it will certainly be tough to build momentum. But if you are optimistic, things will happen more freely and your momentum will build.

These 7 steps, may not be the answer to all people, but by following these, you will have the chance to empower yourself, and thereby your business. This will give you the chance to start, resurrect or grow your business, to ensure you get the flow of profit that will leave you prosperous and happy.

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Article Tags: actions speak louder than words, business goals, competitions, discipline, football coach, goal setting, indecision, louder than words, millionaire, momentum, personal perspective, piece of paper, profit goals, revenue figure, strategic planning, success stories, team score, time off, tipping the scales, writing a letter



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Book: The 1-Minute Millionaire: The Enlightened Way to Wealt - Book:The One Minute Millionaire: The Enlightened Way to Wealth Robert G. Allen (co-author of Chicken Soup for the Soul) 2002 Jacket: Is it possible to make a million dollars in only one minute? The answer just might surprise you. [This book] is an entirely new approach, a life changing "millionaire system" that will teach you how to: 1. Create wealth even when you have little or nothing to start with 2. Use the power of leverage to build wealth rapidly 3. Overcome fears so you can take reasonable risks Use "one minute" habits to build wealth over the long term ...Here are two books in one, fiction and non-fiction, designed to address two kinds of learning so you can fully integrate these life-changing lessons. On the right-hand side pages you will find the fictional story of a woman who has to make a million dollars in ninety days or lose her two children forever. The left-hand pages give the practical, step-by-step non-fiction strategies and techniques that actually work in the real world.
Re: VALUE = ROI / Price (Cost) or Opportunty Spent - [quote="Takuya":ra8u6vda]OK, but what many people do not realize is.... just because the "free offer" is relevant, or we didn't pay money for the message, it still costs our opportunity to be just paying attention to it. Here is a scenario, I get a phone call from a stranger who knows nothing about me. Without asking me for a permission, just because their FREE message is relevant to what I do, they assume they're doing me a favor by approaching me with their promotion.[/quote:ra8u6vda] Hi Takuya, While I understand your position, I think you're straying off topic from what Andy and I interpret as "giving value first" and asking for nothing in return. If you try to help a potential client by simply offering your related service or products for free, then that's self-serving because you're trying to make the sale. And no one likes cold callers. A good example of offering value first would be: -I want to connect with Business Author ABC. -The next step would be to find out how I could help (and NOT by trying to sell my product or service). -Let's say I learn that this author wants publicity for his/her new book, so I introduce Business Author ABC to an influential person in the book/publishing industry like Oprah and ask for nothing in return. -Then Business Author ABC would want to connect with me and want to learn what I do for a living. -And in the future, Business Author ABC would want to help me in the future if need be. It's as easy as that.
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
9 Lies that are holding you back - I've picked up this book to assist me with my conversations when coaching business clients and I've found it to be quite enlightening as distinctions are made. The book is titled "9 Lies That are Holding Your Business Back..." by Steve Chandler and Sam Beckford (aka Small Business Millionaire). I'll use this post in two ways: 1. To highlight A Lie 2. To help me internalize the concepts by writing about it in my own terms/understanding so that I can use it in future conversations (yes, I'm feeling a lil selfish and want to take you guys along with the journey) first post to arrive shortly on the First chapter: Lie#1: I Just Need to Know [i:23sag391]How[/i:23sag391] to Do This"
Re: Millionaire or Happyness? - [quote="mphcoach":lgfsn9gb] I recently watched the movie 'In Pursuit of Happyness' and was rather disappointed that the 'happiness' achieved was merely the accumulation of wealth. [/quote:lgfsn9gb] Money definitely can make things easier, but of course the main wealth in life is health. If you do not have your health you do not have anything, as anyone who suffers from a chronic disease can tell you! 1) Health 2) Family (whether it's you and your relatives, or you and your own spouse and rugrats) 3) Enough money to live comfortably First thing a parent should do for their kid is start them with a savings account. Even if you only get 1% interest these days - and how obscene is that! - it gets them accustomed to the idea of saving. Too many people these days spend up to their income, and, thanks to credit cards, beyond. That's one of the main barriers to developing wealth - digging a pit when you're young that you have to spend the rest of your lfe digging out of.


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