Throughout my coaching career I’ve had the pleasure of coaching entrepreneurs and start-ups, as well as individuals who aspire to get away from the 9-5 job and realise their dreams by going into business for themselves. However, for some, the reality of going it alone and making the transition from employee to entrepreneur is far more different than they thought.

Whilst the rewards are huge, the reality is that it takes a lot of hard work, sacrifices, and the capacity to step out of your comfort zone. As Zig Ziglar said, “The elevator to success is out of service. But the stairs are always open.”

So what is the Entrepreneurial success formula?

1) Take the Entrepreneurial Quiz to determine if you have the right personality.

2) Doing something you are passionate about

Have you ever heard of someone being really successful at something they don’t like? Whatever you decide to do in your entrepreneurial journey it should 1) be aligned with your values; and 2) be something you love with a passion. When you are building a business that you are passionate about, you are better able to handle the speed bumps in your entrepreneurial journey and climb the mountains that suddenly appear before you. When you are in a business which isn’t aligned with your values, or something that you are not passionate about, the speed bumps are harder to get over and the mountains appear insurmountable… this leads to a “this is too hard, I’m going to quit” outlook.

3) Thinking long-term, not short-term

As an entrepreneur, you are building something valuable, so it goes without saying that your entrepreneurial journey is going to be a long one. There are no short-cuts or get rich quick schemes. This is why it is also important to do something you are passionate about. When you are passionate about something, you WANT to be in it for the long haul. Map out your vision and clearly define your 1, 2, 3 and 5-year goals. With so many networking marketing opportunities popping up every day, it is vital you stay focused and committed, and not jump around from one opportunity to another. All highly successful entrepreneurs think long-term, not short-term. If you continuously have a new flavour of the month, how do you think you will build a profitable long-term business?

4) Making sacrifices and working hard

As Jeffery Combs stated, “you need to let go of situations or obligations that do not serve you, and instead have a profit consciousness and borrow your time from somewhere else”. 9 times out of 10, this will result in you making sacrifices in your personal life and doing the things that other people are not prepared to do to grow a successful business. 9 times out of 10, this will result in you working your butt off until you’re so tired you can hardly keep your eyes open. 9 times out of 10, this will result in you foregoing your favourite television program, or foregoing the day at the beach, or foregoing the trip to the movies. 9 times out of 10, this will result in you taking a risk that will have your heart jumping around all crazy. This is the trait of all entrepreneurs because they are thinking long-term, not short-term. Short term pain for long term gain. When you are doing something you are passionate about, when you have a vision or dream larger than life, then you have the capacity to break through the short term pain because you know, without a doubt, that it is all part of the journey and will yield far bigger results than taking the easy path in life.

5) Engaging in continuous learning and masterminding with others

Brian Tracy said it so well: “Your time and life are precious. The biggest waste of time and life is for you to spend years accomplishing something that you could have achieved in only a few months.” A successful leader understands the power and importance of continuous learning and masterminding with other successful people. You can not possibly know all there is to know. Make time to invest in your personal and professional development to enrich and expand your mind and you will reap the rewards ten-fold. Commit to reading at least 15-30 minutes a day; commit to listening to an audio whilst exercising or driving in the car. And importantly, apply the knowledge you have learned. Then take it one step further and mastermind with other successful entrepreneurs. Napoleon Hill, author of Think & Grow Rich, said “Success in this world is always a matter of individual effort, yet you will only be deceiving yourself if you believe that you can succeed without the co-operation of other people.” Successful entrepreneurs get out of the way of their own ego, and commit to learning and collaborating with others. If that’s something which excites you, then contact me to learn more about being a part of our personal development and mastermind community.

6) Realising that your business is a people business

It’s not about you, it’s about the customer. Learn to understand people and different personality types so you can better relate and build rapport. I highly recommend “Personality Plus” by Florence Littauer which takes you through the four personality types. After reading this book you will be able to ascertain, within a few seconds, which personality type a person falls under, and how to say things so you hit their hot buttons and get them on-side instead of off-side. If you are in a global business, take the time to learn different cultures and communication styles so you don’t offend.

7) Becoming a master at cold-calling and asking for the sale

This aspect feels many with dread, but if you look upon cold calling as presenting someone with a solution to their problems, then it’s not about you… it’s about the customer (or the prospect, if you are cold calling for your business opportunity). When done right, you are being helpful, thoughtful, respectful and credible. Cold calling isn’t about email spamming or hounding people.

When we stop looking at cold calling from the sales person’s viewpoint and from the customer’s viewpoint, and start seeing it from a business perspective, cold calling becomes a wonderful opportunity that any one can enjoy and optimize:

Obviously the aim is to move cold calling behaviours and methods into the third column, and definitely to stop anything which produces the feelings and effects of the first and second columns. (Source: http://www.businessballs.com/cold_calling.htm)

8.) Understanding that you can’t do everything

Your activities should be income-generating. Think about it: what’s your time really worth? How much do you generate per hour (or forecasted to earn)? Do you really need to spend 5 hours designing a flier when you could outsource it for $20? What has that 5 hours cost you in monetary, income-generating terms? Let go of controlling all aspects of your business and learn to outsource.

…

With focus, commitment and passion, the Entrepreneurial journey is highly rewarding and satisfying. When you align yourself with the right business, the right mentors, and the right team, “there are no limits to what you can accomplish except for the limits you place on your own imagination. And since there are no limits to what you can imagine, there are no limits to what you can achieve.” (Brian Tracy)

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Listen in as one of the top leaders in the industry shares his insights and tips

Enjoy! And please leave a comment to let me know your thoughts on what David shares

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As I was sitting at my desk this lovely Friday morning, I glanced outside and the sky was vivid blue, the sun was shining and this thought popped into my head…

… I Want To Go To The Beach With My Dog!

So I did!

That’s the wonderful thing about being a full time entrepreneur working from home… you have the freedom and flexibility to do what you want, when you want.

Driving down to the beach, I recalled something I read this morning and decided to shoot a quick 4 minute video to share it with you…

… it’s about living your life in HD (high definition) versus  Standard mode.

And you know, living a life of freedom and living a life in HD mode truly is attainable. I’m living proof! If you would like the opportunity to work direct with me to get that freedom and lifestyle you desire, check out my Work With Tara page.

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Quantum physics has been spectacularly successful in verifying what eastern mystics have known for 2500 years. It is not our brain that gives rise to our consciousness, instead it is our consciousness, or mind, that creates everything that seems so real to us.  Ref: http://www.justmindpower.com/

So what do you think of that statement?

You know, I can recall a time from way back when I got out of bed, the kettle wouldn’t boil fast enough, then the toothpaste flew out of the tube and landed with a big thump on the mirror, and the clothes I wanted to wear that day weren’t ironed…

And…

I would groan out loud, give a big sigh and just want to crawl back into bed.  I thought to myself the day was a disaster and it couldn’t get any better!

You know what? It didn’t.

Simply because I let my mind create my reality for that ENTIRE day, and of course, true to the law of attraction, it didn’t get any better; in fact it got worse!

I’m sure you can relate to this from some event in your life.

Thankfully, I learned about the power of our conscious mind and how I can so quickly, and easily, change my thought patterns to totally change not just that day, but every day.

So getting back to the little scenario I outlined above… if you’ve experienced something similar, wouldn’t you agree that the opposite is true?

If you can so easily turn a not-so-good day into a really bad day, then don’t you believe that you can turn an okay day into a fabulous day?

It comes back to your attitude, would you agree?

Which leads me into your entrepreneurial mindset.

To be a true master of your entrepreneurial destiny, it is so important that you cultivate a mindset of success.  Think like an entrepreneur, act like an entrepreneur, surround yourself with your entrepreneurial vision and lifestyle.

So here’s a fun exercise for you… to feed your mind with your entrepreneurial vision,  I’d like to challenge you in putting together your “Prosperity Board”.  What is it?

Basically, it’s a pin-up board or whatever else you may choose and it’s a visual affirmation of you, as an Entrepreneur.  A Prosperity Board is a powerful tool that appeals directly to the right side of your brain, which is the part of your brain that responds to feelings and images.

Include any pictures or words that symbolise your success and what you truly want in life and business.  By focusing your energies on what you want to manifest in your life, your creative imagination will simply cause it to become a reality…

And that, my friend, is coming straight back to your consciousness that I mentioned earlier, where you are creating your reality.

Here’s some directions for creating your Prosperity Board:

• Get a medium size pin-up board or poster board – something you can easily pin stuff to and change whenever you feel like it.
• Then hang your board in a prominent place where you can see it EVERY DAY.
• Next, cut out pictures and words from magazines, newspapers etc that depict YOU as a successful entrepreneur.  For example, you may be driving a really cool Lamborghini!! (Be creative if you want and doctor it in a photo editing program… put yourself in the car!) You may also like to list your goals and pictures that relate to health and prosperity, as well as pictures that represent a flourishing business.
• Then, cut out the elements and just stick it on the board.  Remember, there’s no right or wrong way in doing this… the goal is to have fun and encapsulate YOU as a successful entrepreneur.  If it makes you feel great when you look at it, then you’re speaking to your heart.

Looking frequently at your Prosperity Board cultivates your entrepreneurial mindset and reminds you of who you are… not in the future… but NOW.  It’s so important you LIVE your future life in the NOW.

When you’ve achieved a particular milestone that’s on your board, take it down and in big letters write THANK YOU across the picture.

Have fun putting together your board.

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