Becoming a self-made millionaire may not seem like something within reach for many people. However, with steady focus, the right team, and the right tools, you could find yourself in the 7 figures before you know it. Mental exercise, like physical exercise, yields big results. Money is a mentality, and is no different from taking that jog four times a week to keep your body in top condition. Here are Empire’s 4 essential mindset exercises for growing your business into the millions for huge financial profits:
Like an athlete on a sports team, focusing on failure leads to sloppy mistakes, nervousness, and doubt in your professional decisions. By focusing on your financial successes, you can begin to detect patterns in what good business decisions look like.
For example, you unveiled a new product that got your business a fair amount of attention, and set you apart from your competition. Try looking closely at all the small components that made this product a success, then re-create more of that in your business. I like to call this “success hunting”.
The patterns of successful campaigns, products, and teams may vary by industry. However, by watching closely what type of investments pay off, you can begin to feel more confident in your abilities as a leader, and take smarter risks that lead to larger pay days. Success hunting can be noticing what type of personnel you hired, the visual style of successful marketing, or choosing to spend an extra $2 per piece in product production by having your product made in the U.S. rather than overseas.
Education doesn’t always have to look like a classroom. In fact, with the internet’s vast resources at our fingertips daily, it can be as simple as reading a weekly blog or journal on your industry to understand your competition, current market trends, and new product ideas that give you a creative edge and make you a preferred supplier or provider, leading to larger profits. Another education tip is to sign up for email newsletters on websites of industry leaders, that way you don’t even have to search for the education – it comes right to you! If you clear out at least two hours a week for education in your industry, that’s roughly 100 hours yearly of pure competitive Edge over those who don’t make the time for education. The more you know about your industry, the better team leader, and the more resourceful and successful you’ll become.
We’ve all heard the old adage that “misery loves company”, but guess what? So does SUCCESS! Like attracts like, and when you surround yourself with equally driven, passionate people, it’s highly likely that you’ll be having stimulating conversations about things that WORK. Chances are, you’ll find yourself focusing even more on accomplishments, and even benefiting from mutually sharing important stories about difficult lessons learned, to help each other avoid making the same mistakes. If you find yourself stuck in a group of entrepreneurs that are focused on how badly their businesses are doing, and always complaining about their staff’s competency, and blaming others for their own poor leadership, begin to branch out – fast. It’s of course fine to vent, but your professional circle needs to primarily be focused on positivity and great outcomes. There are multiple outlets available to find like minded business people in your industry, from networking through industry specific professional groups, to getting involved with your local Chamber of Commerce. If you, yourself, are finding it hard to stay grounded in your embracing of success without giving in to disappointment or blame, refer to steps one and two in this list, which are huge game changers and energy shifters.
Sustainability is such a huge buzzword these days, but what does it really translate into? How does it look in our businesses and in our home life? The short answer is that it looks like peace of mind, clarity, and calm goal achievement. When you come into a place of ease with what you’re doing, you’re doing it right. Many people have been taught that becoming wealthy is a huge struggle. I disagree. Being playful and inspired is a very strange but very real success strategy -- possibly one of the great anomalies of our world. Bringing your personality into what you do, and letting it shine through your work is not only is great for your sanity – it’s great for business! People can sense authenticity of a product or service. Also, the better mood you’re in, obviously, the better boss, provider, or friend you’ll be. That means, take a vacation. Book a massage. Treat yourself periodically. Make date nights with your partner where you turn all devices off. Make space in your life to enjoy your success, and success will continue to flow.
So, those are our millionaire mindset secrets! Feel free to contact us with any questions about special tax deductions that come with self-employment and education, and feel free to leave comments in the section provided below. Share with your friends and family to spread the money education love!
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