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


entrepreneurdata

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:
evsenm

 (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?
beleief

 (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?

123_entrepreneur-tree_54364099_l-1024x683

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

https://www.amazon.com/Jacent-Mpalyenkana/e/B006U8YP7K?ref=sr_ntt_srch_lnk_1&qid=1556047063&sr=1-1-catcorr

Advertisements

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

No alt text provided for this image

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

No alt text provided for this image

“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?

No alt text provided for this image

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

4 Psychologically Proven Ways to Manage Your Time


“The two most powerful warriors are patience and time”
Tolstoy

  • We all have 24 hours in a day. However, it is amazing how others have been able to achieve more and others less. In this article I share 4 psychologically proven ways to help you manage your time more efficiently.
  • Identify areas of your life where you are wasting time and try to reduce these. A good way to do this is to log everything you do for a week in meticulous detail and then examine your record to see how you use (or misuse) your time.waste-time
  • Develop a regular work routine. Keep your work space tidy so that you can work efficiently – it’s hard to do this if things you need to find are buried under a pile of papers.Neat-and-Organized-Work-Desk-700x466
  • Work to schedule so that you meet deadlines in good time; don’t leave everything until the last minute

.scheduling

  • Use a time log

One useful way to eliminate wasted time is to use a time log. First you need to make up a chart for the next seven days divided into half hour intervals starting at the time you get up and finishing at the time you go to bed. Write down what you did in each half hour of the day for the next seven days. Choose a typical week.

At the end of the week examine your time log and ask yourself the following questions:

  • Are there any periods that I could use more productively?
  • At what time of day do I do my most effective work? Some people are most alert in the morning, whilst others concentrate best during the afternoon or evening. Schedule your most important tasks for these times of day.

If you have followed the above tips, by now you should be able to identify ways in which you could manage your time more efficiently.

happy face

To access more valuable free resources on how to manage your time more effectively, please subscribe to our blog, and join our face book page at https://www.facebook.com/groups/135779656849289/

If you want to take this even further, check out my website at www.tapthegood.com/contact/, fill in the details, and I will schedule a 15 minutes complimentary session to get you started on how to live life on your terms.

Love and light

Dr. Jacinta Mpalyenkana, Ph.D, MBA

Counselor, Author, Professional Speaker, Success Coach

http://www.tapthegood.com

A Powerful Mind Trigger For Customer Conversion


In this video, I share a powerful mind trigger that has been scientifically proven to influence others to pay attention to one’s offer or presentation.

I encourage you to try the trigger out on a new lead, and I guarantee that you will witness some interesting results. Please share your experiences by posting on this article.

In the interim, check out my newest book – Communicating Your Way to Success: Master the Art of Persuasion, Positively Influence Others, Increase Sales, and Stand Out from the Crowd.

Link to Video – https://youtu.be/560s2phDjZk

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

Reviews’ link – http://www.amazon.com/Communicating-Your-Way-Success-Persuasion-ebook/dp/B0151Y8CCM#customerReviews

Love and light

Dr. Jacinta Mpalyenkana

http://www.tapthegood.com

Native Proof_5632292_Front Cover

The Most Important Step to Master and Benefit from the Art of Persuasion


To learn about the most important step to master and benefit from the art of persuasion, click the link below to access the video.

 

 

To learn more about my full day – Art of Persuasion Seminar Scheduled for February 6th, 2016, click on this link. http://www.eventbrite.com/e/the-art-of-persuasion-101-tickets-19585873876

Love and light

Tapthegood.com/training

How to Handle Sales Rebuttals – Step 2


In this video (Link to video – https://youtu.be/W3pNoozY3tM), I share the second tip on How to Handle Sales Rebuttals. 

If this information has captured your interest, check out the book – Communicating Your Way to Success: Master the Art of Persuasion, Positively Influence Others, Increase Sales, and Stand Out from the Crowd.

Native Proof_5632292_Front Cover

Love and Light

Dr. Jacinta Mpalyenkana, Ph.D, MBA

http://www.tapthegood.com