Doing Business At 2020 Insight!

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Wednesday, September 08 2010 @ 12:39 PM CDT

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Why are YOU Failing?

Why are you failing in Business?

Note: The following were notes taken during a webinar with Mark Gorman and Kim Schott.
First understand how you function. Your mind has at least two components. The conscious and subconscious. Mark used the analogy as follows:
The Conscious Mind (CM) functions like RAM in a computer. The CM does 4 things:
  • Gathers information.
  • Compares new information to previously store information.
  • Draws conclusions (right or wrong) based on comparioson.
  • Acts based on conclusion.
The Subconscious Mind (SM) functions like the hard drive in a computer. It's important to realize that the SM has no subjective evaluation ability.. It does not know the difference between fact or fiction. The SM does 4 things:
  • Controls all body functions.
  • Stores all information, regardless of what it is.
  • Works as aproblem solver.
  • Acts to release the energy necessary to achieve any task assigned.
Traits of a Business Under Achiever:
  • Expects someone or something to bail them out
  • Believes soneone else will do the marketing, bill paying, stretegizing, etc.
  • Does not balance the checkbook.
  • Does not know their debt load
  • Worries about money all the time. It may become an obsessive focus thus preventing objective evaluation of normal business situations.
Two Winning Thoughts:
  • You are rewarded for the Problems that you solve for others.
  • Your reward is based on the size of the porblem(s) solved.
Traits of a HIGH Business Earner:
  • Needs to tell truth to themself about the 5 bad traits previous stated.
  • Conscience decision to overcome and change any detremental trait.
  • Must STRETCH mind and self.

YOU MUST SET RIGHT-SIZED GOALS NOT OPERATE ON DAYDREAMS


12 SIGNS A Business Owner is restricting Success:
  • Gives away more services than they bill to the client.
  • Finds it hard to raise fees.
  • Dislikes people with money (hates RICH people).
  • Finds NOBILITY in being poor.
  • always blaming someone else for failures.
  • Rather barter than charge for services rendered.
  • Offers low paying (profitable) products or services.
  • Always working hard in their business but not at building their business.
  • Fills their time with endless task that are not productive or prfitable.
  • Has HUGE debt and are not always aware of the amount.
  • Has a family history of under-achievers.
  • They are very vague about earnings ("AClueistic" about their business reality).
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