Compare Yourself UP
Written by:
Robin Elliott
Article Overview: We all get stuck in this trap of "Negative Comparison." Here’s a way to compare yourself up to aim for and achieve the top.
 |
Free Download - Real Leverage By Robin Elliott
|
Compare Yourself UP
As I get older, I get balder. I bought an electric hairclipper so that I can keep my hair short and neat; I don't like the comb-overs, dyed hair, pony tails and beards that men tend to use to compensate for and disguise balding and ageing - I find it weak and pathetic. But I digress. This morning, I grabbed the trusty electric clipper and applied it to my pudgy head. I didn't realize that the guide was of, so instead of a length setting of "4", it was "0"! I shaved a neat slice of bald right up the side of my head! Now if you think I'm an ugly swine with short hair, you should see me with none! When I finished laughing, I applied the logical interim solution: I set the shaver to "3" to reduce the contrast from "No Hair" to "Very Short Hair". Compared to the rest of my head, this slice of skin doesn't seem quite as bad.
And this is my point - we tend to compare ourselves DOWNWARD, which is very disempowering. Do you say, "I'm not as fat as my friends, so its OK"? Or, "At least we have less debt than Monica and Manny"? Do you justify your lack of success and performance, initiative and progress by comparing yourself with less successful people? This is a recipe for disaster. "Well, we're better off than when we lived in the car and ate out of dumpsters - at least now we get hand-outs from the Food Bank!" No. That's not going to make your dreams come true. Why not compare yourself with more successful people in order to motivate yourself? Sure, it's less comfortable, but it works!
We all get stuck in this trap of "Negative Comparison", a term I have just concocted. If you make ten sales a month, instead of feeling jolly because last month you made 7 sales, why not ask yourself, "What will it take for me to do better than the best salesperson in the team?" Even if the best salesman is doing 20 sales per month. Compare UP. Challenge yourself. Push yourself. The amount of money we earn is usually within 10% of the earnings of the people we spend the most time with. Why not spend more time with winners? Find someone who is even more successful than you are and learn from them. That's why I started the DollarMakers Joint Venture Forum - a place to meet with and work with real Eagles. Find out more about the Forum at www.JVWisdom.com
Related Articles
Sales Training - Top 3 Questions to Decide If Comparing Yourself Can Increase Your Sales
Self-Growth Equals Striving to Reach your Potential
Relationships & Stress
Follow Rule of Connectivity Not Competition
Comparison Of Auto Insurance Quotes and Insurance Companies
Article Tags:
Related Forum Posts
Be sure of your investment
- I don't want to question you here but are you sure you want to invest every cent of your net worth into 'starting' a business from scratch? Even franchised businesses go bust and in fact the data the franchisors are going to show you are a bit skewed because they aren't going to include those franchises that went bust with their original owner losing everything and someone in the right place and right time buys out at pennies on the dollar. Trust me when I tell you, your franchisor will even facilitate these buyouts so as the income producing franchise continues and their stats don't take the hit. It's only the original franchisee that loses so much. Now I don't know what type of franchise you are looking at or even what area, but with the kind of liquidity you already have, you might want to get with a business broker and look at profitable businesses for sale. Sure you pay some goodwill but the risk is so much lower, there's usually owner financing on a portion if not all, and you're not having to invest so much cash during the first year or two just to keep the doors open.
Since you obviously already have some idea of the investment price and projected return, do yourself a favor and browse some of the websites for businesses for sale. Compare all the pros and cons of both avenues.
How to Qualify?
- I don't want to question you here but are you sure you want to invest every cent of your net worth into 'starting' a business from scratch? Even franchised businesses go bust and in fact the data the franchisers are going to show you are a bit skewed because they aren't going to include those franchises that went bust with their original owner losing everything and someone in the right place and right time buys out at pennies on the dollar. Trust me when I tell you, your franchiser will even facilitate these buyouts so as the income producing franchise continues and their stats don't take the hit. It's only the original franchisee that loses so much. Now I don't know what type of franchise you are looking at or even what area, but with the kind of liquidity you already have, you might want to get with a business broker and look at profitable businesses for sale. Sure you pay some goodwill but the risk is so much lower, there's usually owner financing on a portion if not all, and you're not having to invest so much cash during the first year or two just to keep the doors open.
Since you obviously already have some idea of the investment price and projected return, do yourself a favor and browse some of the websites for businesses for sale. Compare all the pros and cons of both avenues.
Just a suggestion.
Never ever take your ca to the dealership
- My son is a mechanic and one of the first things he told me was never take your car to the dealership for a repair.
If you do, ignore (or disbelieve) anything they ever tell you that you need! If they say they have to change a part, make an appointment to have it done at a later time (so you have the option to cancel it later), BUT ask what the part is and how much it will cost including the labor. Ask what happens if their quote time on the labor runs over.
Then get a second opinion by a local mechanic to ensure you really need the part changed and also do some homework... call other local mechanic shops and see how much they say it would cost to change the part, including labor. Compare and go back to the dealership a lot more educated and let them know when you know they are pulling a scam!
Also, if you ever let your dealership change a part, stay there while they remove the old part and request to see it. Do not leave until you actually have that part in your hands and do not give it back.
My son said he had a customer who came to his shop and when my son told them they needed a new part, the customer told him that was impossible because that part was changed at the dealership a couple of weeks prior. My son showed them the part under the hood and clearly the part was old, rusted and NOT new. tThe poor guy had paid over $300 and they never touched his car.
NEVER take your car to the dealership!
Re: Video conference system for families living in different cou
- 1) How much will someone pay for the service?
2.1) What costs are involved on the business end?
2.2) What percent on top of that do you think you deserve as profit?
3) How many people will sign up for the service?
These three will give you a rough estimate of the value of your idea.
use the equation below with respect to the questions above to figure out the value of your idea.
((1 - (2.1 + 2.2)) X 3)
You have alread identified major problems for your idea -- you have competition that is free! Computers are easy to hook to televisions, and it is becoming easier at very fast rate.
(For free stuff other than skype, look up NetMeeting if you have Windows XP.)
The video conferencing systems do a poor job of creating the feel of a physical presence.
Even high dollar systems with dedicated internet bandwidth and extremely nice tracking video cameras do a poor job, especially for long distance runs. I have the experienced the disappointing performance of some of these systems on our campus.
Video can not recreate the connection felt when in the same room with another person.
Step 1, Quickly and roughly calculate the cost of the system you propose.
Step 2, Compare that with what you think someone will pay and the cost of your current compeition.
Step 3, Go / No-Go.
franchise consultant's horror stories
- I have seen these types of comments about a franchise consultant 'pushing' someone towards an opportunity that pays more, personally I do not see how that could happen. Presuming that someone is smart enough to pursue an opportunity, why would they be drawn to a company that does not fit their needs in order for a consultant to make more money?
This is not a hand shake and we're finished process, there are many steps involved to assure that people do not get stuck. The franchisors spend a significant amount of time with prospective franchisees just to eliminate such issues. I think this concept is bogus and without specific responses you are perpetuating an urban legend.
Have there been cases of buyer's remorse--absolutely. Have there been cases of buyers that did not believe they would have to work as hard as everyone told them they would--absoultely. But these are not indictments, in fact I have yet to speak with a franchisee that honestly felt they were manipulated at all, and I do this for a living. To make such statements as this shows that one truly does not grasp the multiple levels of qualifying, introductions, paper work review, more time with franchise ownership, concultation with attorney and tax advisors and more time with franchisor management. All of this is in place to cull out those that are uncertain.
Why would a franchisor want an un-qualified franchisee? The money is not enough. A dissatisfied or unqualified franchisee would easily cause more harm to the brand, to the morale and to the system than one franchise fee would be worth. Franchise companies spend their life developing brand recognition and establishing business models that work, why would they risk that for ANY un-qualified franchisee? They would not.
I know this is lengthy and I apologize, but I feel a dis-service is at hand here when 'urban legends' and supposition are espoused as truth.
Buying a franchise can not be forged, like loan documents in fraudulanet transactions. The process is lengthy and requires full engagement of the potential franchisee the whole way or the process is stopped.
I expect what has really been heard (if anything at all) is a dis-heartened franchisee that thought they had found a 'get rich quick with no work involved' and that is not the case. I have never heard a franchisor offer that, ever. But people hear what they want to hear and then say--that wasn't what I was told, an the mis-information cycle repeats itself--just like in this case.
In closing--IF this were the case, how does one explain the longevity and astounding success of franchise operations on the whole? Clearly, by virtually any data reported, franchise operations have an astounding success rate, e.g. 90% still in business after 6 years, 86% still with the original franchisee as owner. Compare that to 22-25% for self start companies still in business (a 75-78% failure rate), I do not think the 'pushing people for commissions' argument can bear the light of day.
I rest.
Recommended Article for You
close
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva.
Over
$50,000 raised and counting -
Please keep sharing! Learn more.