Act like a Start Up Business! - Siimon Reynolds

I believe one of the most powerful ways to succeed in any business is to always behave like you’re a start up business.

Why?

Because founders of start up businesses usually have these characteristics:

1. They have white hot desire.

Their founders just don’t want to build something, they are DESPERATE to build something great.

That kind of desire makes things happen. Gets things done. Cuts through the red tape and bureaucratic inertia.

As Harvard Business School professor John Kotter recently wrote, “When people have a true sense of urgency, they think that action on critical issues is needed NOW, not eventually, not when it fits into a schedule. Now means making real progress every single day.”

2. They are scavengers with money.

As businesses get bigger, the purse strings loosen. So often, we stop watching the dollars as much. Start ups watch every penny. They don’t hire unless they have to. They outsource. They bargain down suppliers and buy cheap furniture. They’re cheapskates and damn proud of it.

3. They really value clients.

To a start up, every client matters. So they treat them like royalty, even when they are asked for more than they should. They respond fast to problems and indeed look to solve potential issues before they occur.

They over service, even when it’s not necessarily ‘cost efficient’ to do so.

4. They keep improving their systems.

Start ups know good enough isn’t good enough. When your firm’s survival is at stake, you just have to get better. Founders of start ups are always questioning their processes, living and breathing Kaizen, making constant incremental improvements. Doing the little things that often end up being big things.

5. They have a wildly huge vision for the business.

Start ups are powered by dreams. Big dreams. Few people set up a business to make a little more money. They are fueled by grand ambitions to change their lives and change the world. Anything seems achievable in the first 6 months of opening a business. People who run start ups live on a higher plane of possibility.

So, has your business still got these characteristics?

Or have a few of them been lost as your company got larger and more established?

I believe that the longer you can maintain a start up culture the stronger your growth will be.

Act small and you’ll grow big.

Are You A Rich or Poor Millionaire? - Dr. John Demartini

According to a Survey of Consumer Finances, the average wealthy American has $1,400,000 in assets, and $275,000 in debts, for a net worth of over $1.1 million. Of those assets, they are fairly equally split between 'financial' assets (stocks, bonds, mutual funds and cash), and 'non-financial' assets (real estate, personal business equity, collectibles). Even then, most believe that they cannot afford to buy everything they really need. These results suggest that money is not the only determinant of real life wealth.

Dr. John Demartini defines a ‘poor' millionaire as someone who is living just to make money. On the contrary, Demartini believes a rich millionaire is someone who values the fullness of his or her life while making a profit doing what they love or loving what they do. He goes on to explain that doing what you love and making millions does not have to be mutually exclusive.

"If an individual is truly doing what they love to do they cannot help but feel prosperous and grateful for where they are and what they have. You cannot put a monetary value on being in love with life," says Dr. Demartini.

A multimillionaire in his own right, Dr. John Demartini does not deny he is an advocate for building tangible wealth and learning the fundamental laws of financial wellness.

So how do you make one hell of a profit and still get to heaven according to Dr. Demartini?

1.Make your spiritual life a business and your business life a spiritual experience
2.Do not try to receive something for nothing, or try to give something for nothing
3.SAVE 10% OF ALL YOU EARN - The more you have, the more you can attract
4.If you want to retire then you are in the wrong business
5.Anything you do consumes time. To maximize the value of your time, prioritize your interactions
6.Organize and lead your inner parts purposefully
7.Desperate people do desperate things, while inspired people do inspired things