GIVING BACK…

You know how hard it is to grow your business.  Imagine if, when you began, you were sleeping outside in a makeshift shelter in a dump in Kenya.  You started out by collecting scrap metal.

That’s how Samuel got started.  He then took Street Kids International’s Street Business Workshop and developed the skills to start his own business selling breakfast and lunch in his community.  With training and a small loan, Samuel is making 3000 Kenyan shillings in a good month.

He now provides accommodation for 9 people and he employs his 2 sisters, mother and 3 friends.  On the outside of his home, he has scrawled the words “Yes I can.”

This is the kind of story that should be particularly resonant with entrepreneurs.  We have first hand knowledge of the struggles of starting a business in a place as fortunate as Canada.  We have a unique insight into just how overwhelming and challenging it must be in Samuel’s circumstances.  People like Samuel deserve our praise and our support.

This is, of course,a season in which giving is in the air.  I include within this giving back.  Every successful person I’ve studied includes giving back as one of the requirements of success.  Not an obligation after you’ve succeeded, but as a requirement of getting there.

If you don’t have a selected charity or cause or passion, may I make a suggestion?This incredible organization provides entrepreneurial training for kids like Samuel; and it has created an employment skills training initiative by partnering with Fortune 500’s in developing countries (with an unthinkable 97% retention rate of street kids who’ve been employed through the program.)

The organization is Street Kids International.  Owing to some hijinks at one of the public funders that I won’t bore you with, Street Kids has a higher need than usual this Christmas in delivering its unique and highly targeted/leveraged approach  (It costs $75 for a kid to go through the training that Samuel went through.)

As entrepreneurs, we can help a bunch of other aspiring entrepreneurs who don’t have near the opportunities we do.  If you’d like to help, please click here

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Plans, Not Resolutions

I recently took my daughter to the zoo.  She was fascinated watching a tiger pace along the fence of its enclosure.  A little while longer, we observed a cougar doing the same thing.

The ground on which they trod was well worn, compressed and hardened.  8 inches away, plants stretched up from the earth, unmolested.  Each of these animals was busy and quite focused on its task.  But they weren’t going anywhere or experiencing anything new.

Sound familiar?

For a lot of people who’ve been at something for a while, they don’t in fact have multiple years of experience.  They have one year of experience multiple times.  If you’re income hasn’t grown, if your business has remained at the same level, if your frustrations are the same, if your relationships are the same, if your health/fitness is the same, you might be one of those people.

Make this the year in which you truly gain experience.

How, you say?

By changing something.  Continuing along, doing things as you’ve always done them won’t create a new income.  And, by the way, a pattern of changing what you are doing every 3-6 months is still a continuing way of doing things.  One approach just cuts a well-worn path, like the tiger and cougar.  The other is like trying to grow a crop when you repeatedly head out and plough the fields just before the seedlings reach sunlight.

This is the time of year when people reflect on the year that has passed and anticipate the year to come.  You may be tempted to make resolutions for what you will achieve this year.  I have one question for you: How has that worked for you in the past?

If the answer is “Not so well”, then why repeat it?  The main reasons resolutions don’t work include:

  • there are no steps laid out as to how that goal is to be achieved
  • there are no timelines set out
  • there is no accountability for the resolution, making it more a wish than a commitment
  • often, there is lack of clarity as to how to achieve the resolution, possibly because some new skill is required.

In other words, there is no plan.

That plan should identify what skills are required, when they will be acquired (either by training or by hiring), what are the action steps, who is responsible for them, when will these be taken, what are the milestones along the way so you can meaningfully check on progress and, as importantly, why this goal is important to you.  How will your life be made better?  If this isn’t clear, then you may view this as some onerous list of “to do’s”, rather than a path to a better life.

If you’re not sure what skills you’ll need to achieve your goals, then please check out my free video series at http://www.profitwithprinciple.ca/?id=blog The first video gives an overview of all the things you will ultimately need to learn.  You can then choose what to focus on this year.

If you’d like help planning, come out to our 90 Day Planning Session on Jan 6.  In a half day, you’ll be guided in the creation of a one page plan that lays out the specific tasks you will engage in during the first quarter of 2012 so you can proactively make this the best year you’ve had in your business.

We’re in a different location this time.  We’ll be at 4141 Yonge Street, on the 4thfloor.  This is at Yonge and York Mills.  There is lots of parking and is right on the subway route.

But however you do it, please move past resolutions and plan to make this the best year of your life!

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Wealth and Happiness

Wealth & Happiness

One of the most important steps to pursuing wealth is to understand your “why”.   Wealth isn’t really the objective is it?  It’s the things that wealth provides that we’re after.

Some people start in the description of what they’re after with “stuff”.  You know…the car, the clothes, the house, the boat…  But all of this, the money and the stuff, are just means to other things.

For many, it boils down to freedom and experiences.  The boat doesn’t do anything for you until you have the experience of being out on the water.  The cars and home won’t matter if you’re chained to a desk rather than enjoying them.  So, perhaps the more accurate way to express this is that wealth gives you the freedom to pursue experiences that make you happy.

That’s ultimately what all this pursuit of wealth is about.  So, it’s important for you to be clear on what it is that makes you happy.  For some it is clubbing and dancing; for others it’s reading a great novel on a beach; for others, it is something different yet again.  What makes you happy?

Do you know?  Are you clear that the business you’re building will give you that?

If any of this is vague, get to work.  Write down your reasons for working so hard; for pursuing your wealth.   Identify how it will make you feel when your vision is achieved.

Once you’ve done that, review it everyday.  It will be the inspiration that drives you forward.

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The Value of Explicit Communication

You may have seen me write or speak about the value of being explicit and clear in your communication.  This is a wonderful example.  Try it next time you’re away.

http://gizmodo.com/5836537/the-most-cleverest-vacation-auto+reply-e+mail-ive-seen

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Keeping Relationships Strong

This is not one of my usual topics.  However, it is an important one for entrepreneurs who are busy working away.  Your romantic relationships, when strong, provide you support, stability and even purpose.  However, they are easy to take for granted in the face of day to day business challenges.  Have a read:

http://www.blackjagexecutive.com/blackjag-lifestyle/relationships-dont-grow-apart

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You’re Growing

Personal growth is a wonderful thing.  I just returned from a week in Miami where I spoke to an international collection of entrepreneurs and coaches eager to grow.  And I participated in sessions that are helping me to grow.  It reminded me of this great quote from Shakespeare:

Quote of the Week

Presume not that I am the thing I was. Henry IV

Coughlin’s Comment:

I do hope that some of the reflections we have shared through this blog series have initiated some analysis of how your thoughts directly affect your success.  However, often, this kind of introspection can cause one to become a bit stuck in the past.  You may recognize that there are habits in your thinking or in your beliefs that are not conducive to pronounced growth.  For some, such recognition can be a spark to initiate change.  For others, it can lead to fear or resignation derived from the belief that “Because this is how I think, I am fated to mediocrity.”  Of course, this is not true.

Similarly, people carry with them guilt or negative self perceptions that have their genesis in one’s past.  People tell themselves things like: “I have had 3 promising relationships, each of which ended in disaster; therefore I am lousy in relationships.”  “I have never made more than $75000/year; therefore I can never be rich.”  “I have always been afraid of public speaking; therefore I will never be a good presenter.”  Such thoughts stem from an unstated – and unexamined – assumption that things must be as they have been.  Or more accurately, that I will always be as I have always been.  Of course, this too is rubbish.

The fact is, you have not “always been” anything.  You are always in development.  The fact that you may have failed in the past has merely provided you experience, knowledge and strength needed to grow.  Every decision, every action, every reaction has taken you to this place; to this stage in your life.  And you have evolved along the way.

Now, here is the wonderful part.  If you have continually evolved on your journey to Here and Now, you will continually evolve in the Yet to Come.  If Shakespeare is right (which he is) that you should not presume that you are what you were, then you should also not presume that what you are is what you will always be.   You are growing and evolving.  By applying what you learn through these blog posts and through your other experiences and education, you can achieve the business and life you dream of.

Action Steps for the Week

Rather than give you new Action steps, I would like to recap some of the past ones and encourage you to take the steps we have covered so far:

Clearly articulate the vision you have for your business and your life;

Identify with considerable specificity who you must be to achieve that life by creating a list of “I am’s” (e.g.; I am bold, I am creative, I am a learner, I am strong…)

Begin reading, listening to CD’s or attending seminars so that you are educating yourself 30 minutes/day and spending 10 minutes/day thinking about how you will apply what you have learned.  (I have a list of recommended reading on this page)  You may also be interested in the monthly seminar series I sponsor called “Success Circle”

Avoid complaining and, instead, identify those things in your life for which you are grateful.

By doing these things on a regular basis, you will shift your thinking, you will become more than you currently assume to be possible.

Until next time, remember:  Success is yours…Go get it!

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Shakespeare on Time

Here is your next issue of inspiring reflections on business success from Bill Shakespeare.  If you have been enjoying these and you find them useful, please forward to other entrepreneurs whom you feel may similarly benefit.  Fortune favours the generous.  I And now, this week’s quote:

Small matters to greater matters must give way. Antony and Cleopatra

Coughlin’s Comment:

“I can’t do everything.”  “There just isn’t enough time.”  Such are the laments I hear frequently from business owners when faced with the reality that their actions are not driving them toward their dreams.  However, when their time is examined in detail, it is often occupied with the trivial or the inconsequential.  Why? Because such things are easy to do and the pursuit of such activities presents the comforting illusion that by doing things, things are getting done.

It is clearly true that there is not enough time to do everything.  However, there is always time to do the right thing.  And by that, I mean both the highest priority item and also the proper thing, the ethical thing.  How often do people sacrifice their values upon the altar of expediency?  How often do we avoid the difficult and important to pursue the easy and insignificant?

Successful people do not avoid the difficult choices; they embrace them.  And in embracing them, they focus on the most important – on those things that, consistent with their values, will most quickly and effectively achieve their goals. In so doing, they cast aside the “small matters.”  It is in the heat of challenging problems that leaders are forged.  And one of the characteristics of effective leadership is the ability to prioritize and to focus.  Are you willing to let go of the small things to fulfill your greatness?

Action Steps:

1)   Make a log of every activity in which you engage over a 3 day period and how long you spend at it.

2)   Evaluate whether those activities are the “greater matters” or whether you have allowed small matters to stand in the way of the great.

3)   Assess whether the great matters are being put off because of avoidance.

4)   Plan your week so that the greater matters are given top priority.

Until next time, remember:

Success is Yours…Go Get It!

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Where are your remedies? Shakespeare knows…

Here is your next issue of inspiring reflections on business success from Bill Shakespeare.  If you have been enjoying these and you find them useful, please forward to other entrepreneurs whom you feel may similarly benefit.  Fortune favours the generous.   And now, this week’s quote:

Our remedies oft in ourselves do lie, which we ascribe to heaven.  The fated sky gives us free scope – All’s Well that Ends Well.

Coughlin’s Comment:

How often do people blame the fates for the state of their lives or their businesses?  Do you ever engage in this thinking?

One of the qualities I have always loved and admired in entrepreneurs is the courage of the pioneer; the willingness to step out and take responsibility for one’s own life.  However, as brave as the original impulse is, entrepreneurs are just as likely as other to cast aspersions at the stars when things begin to go awry.  Tempting though that may be, it is really just a form of excuse and of denial.  It somehow relieves us of responsibility to believe that our circumstances are outside of our control.

If you do engage in such thinking, I have to ask you one simple question: Does it serve you?  If the circumstances in your life are not changed after raging against the vagaries of fortune, then perhaps another strategy may be in order.  More often than not, our remedies lie in ourselves.  That does not mean that you must know all the answers instinctively.  Indeed, finding the solutions within ourselves often requires enough confident humility to proactively seek out the information you need and the perseverance to put that knowledge into action.

If you want to find the source of meaningful and lasting change in your business and your life, stop looking to the stars and to the astrology pages and start looking in the mirror.

Action Steps:

1)   You know there are things that would change your business if you started doing them right now.  Identify 3

2)   Schedule when you will implement them or when you will seek the help you need

3)   Implement.

4)   Evaluate.

Until next time, remember:

Success is Yours…Go Get It!

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Shakespeare on recognition

Today’s blog is another in the Bill Shakespeare, Business Coach series.  Please let me know what you think.

One good deed, dying tongueless;/Slaughters a thousand waiting upon that. Our praises are our wages. –The Winter’s Tale

Coughlin’s Comment:

Often we assume (often at our own peril) that our opinions and feelings about others are psychically perceived or naturally understood.  Today’s quote applies in both work relationships and personal/romantic relationships.

There are in your life people – employees, family, lovers, friends – who are invested in your good opinion of them.  They do things, in part, to please you.  When such deeds pass unacknowledged (i.e. die tongueless), the incentive to continue can diminish.  In both romantic relationships and employment relationships, the sign that past efforts have gone unappreciated is the utterance “What’s the point?” or “It doesn’t matter.”

How many marriages stagnate with one or both partners diminishing their giving because they feel it is no longer cherished?  The other partner, who may well have appreciated those gestures, but failed to express that appreciation, is left wondering what happened.  “I guess s/he doesn’t love me anymore.”  And it would take so little to reignite the love.

How many employees look for new jobs because they feel their contributions hold little value to the boss?  The employer feels too busy to get around to it, or assumes they must know their value because “Hey, they’re still employed, aren’t they.”  However, that is of little solace when a resource that you spent energy and money investing in takes that knowledge down the street.  Thus, a thousand good deeds in waiting are slaughtered, are forsaken.

The Italian actor Roberto Benigni once said “It’s a sign of mediocrity when you demonstrate gratitude with moderation.”  Do not allow yourself, in any aspect of life, to be mediocre.  You are better than that.  If you continue to read and reflect on these blog posts, you are one who aspires to rise above mediocrity.   Show your gratitude.  Commit to acknowledging the good that others do for you.  That simple act will give birth to more such good deeds and, more importantly, to stronger, more vibrant and more resilient relationships.

Action Steps:

1)   Identify those in your life, personal or professional, who have recently done any kind of generous act (even if not directed at you.)

2)   Acknowledge that act

3)   Commit to noticing such acts every week!

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Bill Shakespeare: Business Coach Scene 3

Here is your next issue of inspiring reflections on business success from Bill Shakespeare.

This week’s quote:

Strong reasons make strong actions. King John

Why did you begin your business? What do you want out of it now?  How will it serve your life goals?  If you have difficulty answering these questions with less than vague or general responses, you tread a path well worn by many entrepreneurs to whom I pose those questions.  It is a path that is often littered with other uninspiring signs.  Frequently, I ask other questions in a conversation that goes something like this:

Warren: What major changes have you made to your business over the last year?  Entrepreneur: Nothing very much.

Warren: How many hours are you working?

Ent: Too many.

Warren: How much growth have you experienced?

Ent: Some.

Warren: Are you satisfied with that growth?

Ent: Oh I suppose.

These are not the responses of a passionate, driven, joy filled entrepreneur.  They are not reflective of one who consistently takes firm decisive action in the direction of one’s dream.  Shakespeare is making two very important, indeed critical points in this statement.  First, you must be clear on your “Why.”  I believe deeply that your business must ultimately serve your life.  If it doesn’t, what’s the point?  So be clear on why you are doing it.   Why do you want to grow this business; why should you make that investment, why spend that extra time, hire that new employee, take that course, do that exercise?  What’s it all for?  Will it give you freedom, power, security, confidence, pride, a legacy, independence, the opportunity to travel, the ability to create a change in the world around you, fame…?

When you are clear on your reasons for succeeding, you will be much more resilient in the face of the trials inherent in entrepreneurship.  Let’s face it.  Despite all the get rich schemes and promises of wealth without effort, the fact is,  success is a by-product of effort.  I don’t mean working hard for the sake of putting in hours.  I mean applying the energy needed to get the rock up the mountain.  When you are clear on the payoff, it isn’t as hard.

The second point contained within Shakespeare’s words is that “strong action” is required for those reasons to be satisfied.  There is a type of person, entrepreneur and otherwise, who engages in what I call “personal development without ever developing personally.”  They go to workshops, seminars, listen to CD’s, set goals, visualize and say affirmations (all of which I endorse by the way.)  However, they don’t DO anything significantly different.   They don’t create plans as to how they will apply their new knowledge; they don’t measure the impact of new activities; they continue to run their businesses as they always have and wonder why success isn’t coming.  So they pick up another CD set.

Shakespeare’s words are, essentially the first part of a formula: Strong reasons make strong actions; strong actions make strong outcomes.  What are your reasons?  What actions will you take?

Action Steps:

Answer these questions:

1)    Why are you in business and what will it mean to you when (not if) your business is a success?

2)    Identify 2 actions that you know will help you, but you haven’t taken.  Do them.  (I don’t care why you haven’t done them; just do them now.)

3)    Identify 2 habits you have that are hindering you.  Eliminate them.

If you are unclear on the kinds of actions to take, or if you are uncomfortable with how to fit them into your other activities, drop me an email about our 90 Day Planning Session in which you will learn a system for business growth and leave with a detailed plan.

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