Reality Check to Progress as an Entrepreneur (1 of 4)


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When I founded my business about 9 years ago, I fondled my way to making losses, month after month. I did everything my mentor suggested but kept struggling to make ends meet. At one point, I gave up upon concluding that I wasn’t cut to be an entrepreneur. However, my mentor advised me to perform four reality checks about myself and the business.

Below, is the first reality check I performed. Note that in the next three articles I will share each of the reality checks. Please subscribe to my blog or check back next week for the next reality check.

1. Personal Reality Check.

This involves evaluating the following areas of your life:
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 (a) Mindset:

  1. What are your beliefs about being a successful entrepreneur?
  2. What are your prominent thought processes? Are you consistently dwelling on the past and what went wrong, what could go wrong, or you are focused on what could go right?
  3. What is your relationship with money?
  4. On a scale of 1 to 10, (1, being “not at all,” and 10, being “absolutely influential”) how influential are you?
  5. What fears do you have about success?
  6. Do you feel worthy of progress?
  7. What’s your idea of success? What will have to happen for you to know that you have succeeded in business?
  8. What’s your why? Why are you pursuing this business?
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 (b) Strengths

  1. What strengths do you possess that can progress your business? These strengths are both internal and external.
Internal strengths are related to the mental, emotional, and spiritual states; skills, expertise, educational background and/or experience.
External strengths include your financial status, and resources available to you, such as office space, good business relationships and connections, plus support from your loved ones or other positive-minded individuals.
The idea is to find out your strengths in these areas. Note that it’s vital to be honest with yourself.

 (b) Weaknesses

This involves investigating your weaknesses, internal and external.
It would be helpful to refer to what you discovered about your mindset. Are there are any loose ends you need to fix?
  1. On a scale of 1 to 10, 1, being “not driven,” and 10, “very driven,” how driven are you?
  2. Do your daily rituals support your progress?
  3. What relationships weigh you down and why are you still holding onto them?
  4. On a scale of 1 to 10, (1, being “not at all,” and 10, being “absolutely determined”) how determined are you in improving your health? Note that a healthy body promotes a healthy mindset, which then promotes positive, and enthused action.
  5. On a scale of 1 to 10, (1, being “not at all,” and 10, being “absolutely determined”) how determined are you about focusing on what you want without dwelling on the negative?
  6. On a scale of 1 to 10, (1, being “not at all,” and 10, being “absolutely organized”) how organized are you?

  (c) Opportunities

  1. What opportunities do you have at your exposure that you can explore to progress in your business?
  2. What can you do to turn your weaknesses into opportunities?

 (d) Threats

  1. What do you believe are your threats?
  2. What risks are you facing by operating your business and how can you avoid, or work with them without letting them affect your business?

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Note that becoming a successful entrepreneur demands more than wishful thinking. One has to be determined to evaluate how they can improve consistently, what they should let go and the changes that need to happen.  However, all this begins with mindset.
In my transformational coaching sessions, I can help you identify the areas in your inner and outer worlds that need to change, improve or be released. I partner with my clients to help them release anything that could be blocking them from taking action. We work together on developing mindset, and operational strategies for success. After the sessions, clarity, a new sense of direction and enthusiasm are achieved.
tapthegood@gmail.com

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3 Behaviors that Can Lead to Business Failure


graduation-quotes-1In his book, “Taking People With You,” David Novak, CEO of Yum brands states, “To see above and far we need to climb on top of the shoulders of an elephant.” Implying that as business owners we need to examine what the leaders in our industry are doing to excel, borrow those ideas that fit into our business philosophies and then make them our own. Most importantly, we need to acknowledge those from whom we’ve borrowed the ideas. However, my experience has revealed that there are small business owners who do the exact opposite. They identify a business they admire and just keep taking their ideas less of authenticity. I guess that’s their way of surviving. However, it is shortsightedness to think that trying so hard to be like others will help one excel. 

To illustrate this further, below are 3 behaviors that can lead to business failure.

1. Ruthless Imitation of Others

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We are all unique and special with our own skills, experiences, and knowledge intended to help us progress in life and in business. Every experience we go through gives us a wealth of ideas and lessons we can base on to design services and/or products for the world. All prominent problems in one’s life are nuggets of wealth that can be transformed into solutions for others. Imitating others takes away from our authenticity and its positives. 

2. Greed

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“Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction.” ~Eric Fromm

 

Greed is a sign of fear and a scarcity mentality. If one believes in their self-worth, they know that there’s enough to go around for everyone. It is okay to progress to get on top of one’s game, but it is draining to want more every time, without stopping to articulate what has been done, and/or how it can be improved. Furthermore, the only positive greed is for one to be greedy for releasing as much emotional, mental, energetic and spiritual baggage that could hold them back from achieving their goals. 

“As long as there is more greed than compassion, there will always be suffering.” ~ Rusty Eric

3. Impersonation.

These are business owners who lie about their qualifications and/or skills to appear superior. The point is, when a business owner lies about what they do, they have lied more to themselves than to the world. Sooner than later, the world will find out who and what they really are. Also, the important questions are, how can one build character if they are basing it on other people’s characters? How can a mango be a better mango if it is always trying to be an orange?

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Suggestion:

When we as business owners are inauthentic, it implies that we do not have self-belief. We have low self-esteem and believe that who we are, our qualifications and skills are not good enough to influence others. However, impersonation takes a lot more energy than authenticity.  

When I first started out as a coach, I attended many seminars and read many books about self-development and life coaching. However, I still felt incompetent to originate my own ideas. So, my mentor got me to attend seminars on self-esteem and confidence. The information I gained from these seminars helped me build more confidence in my authenticity. And although sometimes I hold back from offering a new product or service to my target audience, I have learned that success is taking action despite doubt… despite fear. Therefore, it is vital to remember that running a business takes more than just wanting it. For us to succeed in business we have to be willing to do business with our mindsets consistently. We have to do the inner work in order to believe in who we are and what we have to offer to the world. And although it is okay to benchmark and/or work extremely hard in our businesses, it is more sustainable and healthy when we consider ourselves first: when we deal with our inner fears and especially how we feel about ourselves. Considering that we never offer what we want to the world, at least not consistently: we offer who we are. 

“For us to succeed in business we have to be willing to do business with our mindsets consistently.”

http://www.tapthegood.com

The Only Competition there is, is with YOU!


Beloved soul,

Know that you are enough, and can never compete with anyone. You are unique, and there’s only one you with your blue print. So, focus on making yourself the best you. Don’t try to compete with anyone. Compete with yourself. Be better today than you were yesterday. Even when you are in a competitive setting, focus on expressing yourself the best way you can. The rest will work out itself.

In this VIDEO, I share an empowerment message with the preceding content as the theme.

Link to the video – https://youtu.be/Y0Mjku0GUb4

Love and light

Remember, March 1st, is Global Worry-Free Day.

Coaching with Jacinta – http://www.tapthegood.com/coaching/

Self-help books- http://www.tapthegood.com/books/

Professional speaking services – http://www.tapthegood.com/speaking/

website – http://www.tapthegood.com

Twitter – https://twitter.com/Cinta_mcinta

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It is Time to Surrender – 3 Proven Psychological Steps to Help you Surrender


Are you attached to a desire or goal and finding it hard to surrender to the process?

Does your passion/desire for your goal stress you out?

Are you worried that you might not achieve your goal?

Well, maybe it is time to surrender. And to do so, I have recorded this VIDEO with 3 proven psychological tools to help you detach from your goal, and instead focus on the goals as you also enjoy every moment of the process.

I know this will help.

Link to video – https://youtu.be/F2qpkBwEtqs

Please do not forget to share with friends or family who might need these tips.

Love and light.

Dr. Jacinta Mpalyenkana, PH.D., MBA

Author, Spiritual Counselor, Corporate Trainer, Speaker

http://www.tapthegood.com

 

 

3 Psychological techniques to Achieve Consistent Business Success


Are you a business owner?

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Do you find yourself struggling with making progress for yourself, and/or business?

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The problem might be that you are not considering the most important asset of your business; YOU.

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Many business people focus so much on the techniques and strategies to run their businesses but ignore the most important asset…themselves. Jim Rohn indicated that success for any project is based on 80% psychology, and 20% technique. Psychology is about how our minds work.

Have you ever found yourself having all the resources you need such as time, money, and other assets to get started on a project yet for some reason fail to start? That has everything to do with your psychology: how your mind works, why, when and how you make decisions—among other things.

Below are three tips to consider in order to include yourself in your business, and I mean inclusion of the self–to emphasize.

1. Examine your thought process. What do you think about yourself? What do you think about your business? Why are you pursuing that business in the first place? If you were on sale in a market place, would you buy yourself?

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2. Examine how, when and why you make decisions. What inspires you to make decision?

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3. Identify your fears. Take some time to contemplate on your fears. What are you afraid of? Why are you afraid? Do you have evidence to support your fears? What are you basing your fears on? For instance, if you are afraid that your business might not succeed, what are you basing this fear on? What happened in the past that has got you to this mental state? Are you taking action? If not why?

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If you take time to contemplate on the preceding issues, I guarantee that you will discover a few things about yourself that you might want to change or upgrade.

I also recommend that you get my book, Communicating Your Way to Success; Master the Art of Persuasion, Increase Sales, and Stand Out from the Crowd. The book shares an entire detailed interactive chapter about selling yourself to you. In this chapter, the above tips are elaborated on, and more.

Interested in personalized personal/business coaching? Visit my website at http://www.tapthegood.com and sign up for a complimentary 15 mins’ discovery session.

Remember, nothing happens if nothing moves. Take the step to consider yourself as an important asset to you, your family and business which is when consistent success will become inevitable.

Love and light

http://www.tapthegood.com

3 Common Fatal Mistakes that Kill Businesses


According to a recent study by the American Marketing Association, 3% of any business’s ideal customers is ready to buy. The remaining 97% have other issues that I will explain in my next article. In this article, I will explain the 3 common fatal mistakes that kill businesses.

  1. Based on the proceeding, most businesses strategize and focus all their attention on the 3% of their ideal customers, who are ready to buy. Focusing on this percentage of your ideal customers creates a fatal competitive environment that could cost you time, and especially money. Competing for the 3% is the most common reason for price wars—which consequently creates profit losses.Un healthy competition
  2. The inability to communicate and connect to the ideal customer.

Most business owners have a perfect product, service or idea, but lack the skills to communicate in a way that will captivate their customer’s attention. Communicating in a captivating manner is a skill that requires expertise and focus to master.Poor communication

  1. Procrastination and low inner drive to take action will kill any business.Procrastination

The dilemma is to find the perfect solutions to either avoid, or resolve the above fatal mistakes.

The book – Communicating Your Way to Success: Master the Art of Persuasion, Positively Influence Others, Increase Sales, and Stand Out in the Crowd, goes into depth in explaining practical processes to connect to the ideal customer. Furthermore, the author offers interactive simplified processes of how to identify the ideal customer, and especially how to use mind triggers to communicate and turn more leads into loyal customers.

Get your copy today from any of these links:

Paper back – http://www.amazon.com/Communicating-Your-Way-Success-Persuasion/dp/1515179087/

Kindle – http://www.amazon.com/Communicating-Your-Way-Success-Persuasion-ebook/dp/B0151Y8CCM/

Website – www.tapthegood.com/books/

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Love and light

Dr. Jacinta Mpalyenkana, Ph.D, MBA

Author, Success Coach, Counselor

http://www.tapthegood.com