Focusing on what truly matters to you!

 

Just a reminder: If you haven’t read “Living the 80/20 Way” I’d highly suggest reading it right now or whenever you have time in your hands. It is a wonderful book and I can’t begin to tell you how much it has helped me. If you’re finding life to be extremely mundane or are frustrated with the state of your current life then this will surely qualify as a “luxurious read”!

Alright so, I’d like to talk about the act of focus. It seems that approximately three-quarters of adults have some degree of ADD(Attention Deficit Disorder). This means we are not able to focus on a given task at times and most often get side-tracked by extraneous thoughts that may not even matter. All the 80/20 Book talks about is focus, focusing on only your given strengths and doing what you love. Once you know what kind of business you want to start if you’re an aspiring entrepreneur, or what career pathway you want to follow, ¬†you must find an 80/20 destination in getting there, meaning you must pinpoint the 20% of effort that will get you 80% of the results. This allows a person to efficiently focus on what truly matters instead of banging your head on the wall wondering what it is that you want to do in life. It is also an avenue in optimizing your potential!

Focus is one of the greatest assets to acquire for an individual, whether they’re a consultant, teacher, or entrepreneur. Entrepreneurs are swamped with hard work if they are to generate sales and with all of the mental clutter and personal issues going on, it can seem daunting!

 

Are you someone who has trouble focusing on what is important to you? If so, what are some of the techniques you can use that can offset this problem. Some solutions include:

  • Going to the gym on a daily basis
  • Meditative techniques such as yoga
  • Blogging (heheh)
  • Writing your thoughts in a journal/diary
  • Going to church or joining a religious organization
  • Being active in your community
  • Joining a local sports league to keep fit

These are just some ideas. Feel free to expand on these ideas even further by dropping a comment below ūüôā

 

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Living the 80/20 Way

Can you spell S-U-C-C-E-S-S. If so holler as loud as you can!! Living the 80/20 Way is a book written by Richard Koch and it is truly a wonderful book for the like-minded entrepreneur or any average individual looking to absorb the most of life.

I truly feel that after reading this book, with lots and lots of effort any like-minded individual can turn their life around. ¬†A lot of us worry about making more money, achieving more success, and gaining more fame and feel that the route to such factors is to do more when this isn’t the case! Allow me to summarize the book in the form of bullet points.

  • 20% of our efforts leads to 80% of the results. Albert Einstein, Steve Jobs, Warren Buffett, & Michael Jordan are all examples of people who took the 80/20 route with extraordinary success. The point is that less is more. By focusing on only the things you love or are passionate about, you can get extraordinary results as well
  • Take the 80/20 route in managing money, achieving success, relationships, and personal pleasures, etc.
  • 20% of customers are what lead to 80% of sales for any business
  • Decrease the clutter as much as possible, this includes buying only the furniture, utensils you need, downloading only the iPhone and iPad apps that you need, buying only the clothes that add meaning to your personality, and only participating in activities or hobbies you adore
  • Thinking and concentrating about only things that matter and add zest to your life
  • Figuring out what your happiness islands and achievement islands are, and camping out on these islands
  • Determining what your 80/20 destinations are, and taking the 80/20 route to get there
  • Less is more, less is more, less is more!!, Not more with more, LESS IS MORE!!

Need I say more, I may reference this blog entry or the concept in my future blogs, as this should be the path to success in any department of your life, not just working and making a difference in this world. Because the truth is that it is your inner peace, happiness, key relationships, who you’re with, type of friends circle, intertwined with passion of course that propel you to success aside from just working hard.

Working long hours is not for everyone and if you’re someone who realizes that working long hours is expending energy, CUT IT!!

If you are an advocate of the following statement: “Ultimately, we must all have 80/20 Vision!!!, not 20/20 Vision”, then please like this blog. ¬†And if you have not read the above book, once again the title of the book is “Living the 80/20 Way” by Richard Kotz, then I highly suggest that you read it!

What’s your 80/20 destination? Feel free to leave a comment below explaining it. I’d love to hear from you all!!

Investing for everyone including DUMMIES!

Alright so I’d like to make a clarification. After my previous blog, I experienced a chill flowing down my spine as I realized that perhaps the percentage of people that engage in investing is pretty small. It seems that so many young professionals, as I, abhor finance, therefore we avoid activities that involve budgeting expenses in Excel files or designating a certain amount for each category of expense. I just wanna say this: “I HEAR YA”. Red flags are constantly raised on this subject but believe me if you’re into starting a business or getting involved in any type of business related venture, be it consulting, or any type finance, sales or marketing type positions, then learning investing will only help develop such skills as it will guide you through certain concepts that can accelerate knowledge base and decision making. Issues such as on how stock price can affect the profitability or whether a business is an actual commodity and how to determine whether it is.

For instance, if you’re a financial consultant who specializes in advising non-profits and small corporations on how to control their budget and how to manage the various type of assets while managing liabilities, you would have to understand ¬†quite a chunk of the investing arena and how the markets can be impactual in such scenarios.

If you’re a sales & marketing professional, naturally you would have to understand the market you specialize in, as well as the markets your serve and how to investigate the key performance metrics to know whether a product would do well in a particular market. Studying the growth rates and the charts, graphs associated with it in-depth may not be necessary but it can help.

Furthermore, if you are a serial entrepreneur, committed to making money or conveniencing the citizens of your community or the world, then technically what you are doing is you are investing your money. And so investing in stocks, bonds, mutual funds, or real estate can only instill in you these business blocks of what it takes to actually invest your money in a start-up or franchise, or if you’d like to be the owner of a gym, restaurant, apartment complex. Just my thoughts….

Other than that, even if you’re not into business. You may still want to consider looking into investing as a viable option for accumulating bucks either for that sexy Camaro that’s been you’re dream car for sometime or a house by the beautiful lake side. Who’s knows you may even fall into the rythym.

If you agree with all of this or are an active investor, please like or retweet my post. Muchas gracias ;)!!

 

The act & art of investing

Investing is a very excellent skill for people to acquire, especially if you’re one of those individuals looking to save up for grad school, your future kids college tuition, or that new sexy Lamborghini you’ve been wanting to afford. I feel like it’s skill that all business professionals, marketing professionals, and entrepreneurs should at least attempt to master. Now just remember two important details: Reading as much as you can, and knowing what to read! Lot of people who get their foot into the door of investing have a tendency of speeding things up. They get so ambitious and greedy that they just enter the game without learning the instructions. While you may be a quick learner, there are a lot of factors in considering when deciding whether to invest in a particular stock. One common mistake is investing based on emotion. For instance, if you’re a Starbucks lover, you invest in Starbucks without thinking about whether you could lose your investment. There are so many people that had a profound interest in investing who simply pulled the plug one fine day after they had lost so much money and became discouraged!

The three documents you will have to read prior to investing are the following:

1. 10-K Report(Annual Report)

2. 10-Q Report(Quarterly Report)

3. 14A Proxy Statement

And while reading these documents, only observe the key performance metrics in deciding whether to purchase a stock or not. A few of the stable stocks that are out there right now are Google, and Apple. However, that doesn’t mean you should just blindly invest in these stocks. My advice to novices interested in investing are to read books on how to invest thoroughly but when it comes to reading the above documents, make sure you only take a look at the right performance metrics such as price/earnings ratio, net profit, shareholders statement, etc.

We all can’t be the next Warren Buffett, but we all can become shrewd investors and make an ROI(Return of Investment). Good luck!! And I’ll post more tidbits on this topic later.

Following your passion is the best medicine ;)

This is advice that I actually churned out on my own. What can I say, I have a knack for words. And this piece of wisdom does carry a lot of weight and common sense if you observe closely. A lot of us get into that 9 – 5 routine not willing to plunge into risks which could be what we’re truly passionate about. Some of us are just wired that way like me for instance. I cannot accomplish a task unless I’m truly passionate about it or it’s mandated to be done. When we engage in jobs or activities we are not passionate about, they become nothing but energy drainers. Well I say that we figure out what these energy drainers are and flush them down the toilet because if you’re interested in achieving success in life whether it’s in your professional life or personal life, then you need to participate in activities that bring out your natural abilities.

I worked as a fundraiser and as a timeshare salesman for several years and a one crucial lesson I learned was you must be passionate about what you are selling or what you are trying to raise funds for. Both activities constitute a business activity and whenever you engage in a business activity you must be passionate about it considering all of those long hours you will have to put in maintaining and growing your business. The other lesson that I learned was persistence. Sales is the lifeblood of any business so if you want an intact business at the end of the day you will have to be persistent in generating as much sales as possible!

Going back to the topic of passion. I feel that you must constantly speculate ¬†your passion, figuring out what makes you truly happy or truly tick, and go after it with all you’re muscle. Passion is what keeps us going in this world. What’s your passion?

Blogging to market your passion, business

So it just occurred to me, as I’m establishing myself as an avid blogger on successes in business, workforce, dating, and in education, I realized that it is essential to type up your post before synthesizing a creative blog title!

Aside from composing your post as creative and √ľber-appealing as possible to your target audience, you must captivate their attention by your title. Title is what tells all! It’s the juice that’s known to ignite the furnace! This way you can retain your target audience, whether you are blogging to market your talent, passion, wisdom, online/offline business or you’re an affiliate marketer marketing a product.

Creating your post allows you to title it based on your thoughts and the conclusion you arrived at, making it more attractive to your audience!

FYI blogs are one of your greatest resources in the twenty century in retaining customers and flourishing your business. If you’re a business owner or affiliate marketer, I’d strongly recommend creating a blog!!!

Maintain good relations!!

So this is like a reiteration of my previous blog entry about selecting your business partners!! After building rapport & trust with the individual who shares your passion, you must work to continue to build and maintain that relationship as relationships define life!

And this goes beyond sipping wine, cocktails, paying for them at a five-star restaurant, or baking them treats. While it is still part of the equation, a big chunk of it comes from tolerating their shortcomings by meeting them halfway!

In the business world, there are always secret clashing between partners on their objectives or on how they handle things. Sometimes we become so embroiled in our personal feelings regarding our business that we fail to see the bigger picture: working together to make a difference in the world! This goes way beyond generating revenue, although that’s your ultimate goal.

It can be such a pride expenditure to not execute the blueprint of an idea loaded with finesse only because your partner disagrees with it. However, if you want your business to thrive then you must be willing to meet them halfway! As once again, life is defined by relationships!

Choosing your business partners wisely

Alright so I was talking to a friend of mine who happens to be a business owner, and all of a sudden I found myself captivated by thoughts revolving around the theory of selecting the people you do business with. It isn’t an easy process and can really be detrimental to you in the long-run if you are extremely naive. I feel that the general trend is to pair up with people who you are very familiar with i.e. people such as your best friend or sibling, when what they don’t realize is that this route always tends to backfire.

The reason why I assert the above was because I was advised by a former co-worker of mine to never do business with your siblings, cousins, or best friends only because they know who you are extremely well, and so they can either take you for granted or they can manipulate you out of the business due to greediness and additional pertinent factors. A very common phenomenon when partnering up with your best friend/close friend is when you put in more than 80% of the work and they’re just lounging in the sidelines making money for themselves, bartending, coaching, or doing whatever. But what they fail to realize is that they’re not investing any time or energy into the welfare of the business or its growth! They’re only there for reputation-building purposes!!

For example, let’s say two close friends decide to open up a math tutoring center. One comes from an education background while the other comes purely from a business background. In the first six months, the former math teacher is out there tutoring privately and through other agencies to generate some personal income, while the business guy is out there working tirelessly maintaining the current wave of customers while trying to acquire new customers to stay floating, so things may seem hunky-dory for now, and then all of a sudden the secret clashing that have been going on between the duo start to become visible until they finally decide to part ways. This is because the teacher is only there to sell their expertise to people and undermine the entire business process and the input expected to be put in by the respective party. The business guy becomes agitated as they both have opposing views on running their business and meeting each other half-way and this only destroys the relationship and the friendship you both have maintained for years.

Yes, being business partners can ruin a beautiful friendship, so if you’re somebody who’s about to start a venture, think twice before making the decision to form an alliance with somebody who’s close to you unless your desire is to take the friendship to the grave! The best solution would be to attend conferences or seminars where like-minded¬†people like you with similar aspirations lurk around, and to be-friend people who share similar visions as you. Just make sure you solidify the trust first!

I’ll come up with another scenario as I have so much to talk about regarding this topic! As I said building a successful venture or franchise starts with the type of people you partner up with as well as the team you work with!

The act of self-compassion

Okay, so I just wanna take a brief moment and talk about how crucial it is to be compassionate towards yourself. Life throws many punches with you especially if you’re running a business. ¬†The lows in a business are inevitable and somehow you will have to survive these sinusoidal waves your business takes you in. Because if not then you become overly stressed, irate, or ¬†anxious doubting whether you can continue to keep your business alive. While rising costs, slumping economy, poor management, and poor customer service are some of the reasons why small businesses may be forced to close, one underlying factor that can also be thrown along these pool of contributors is self-compassion!

Self-compassion is simply the act of being compassionate towards our-self. It is human nature to constantly dwell on the negative, exerting enough cynicism to drill us down to the ground during vulnerable times. But what we fail to realize is how things could be worse. Which is why we must constantly find comfort and confidence in the possessions that we do have, such as a beautiful house with a wonderful family, wife, kids, dog, etc, as well crediting yourself for what you’ve accomplished so far in the business and appreciating the efforts of your team and conveying that to them once in a while.

An extension of self-compassion is loyalty to your business partners, staff, board members, etc. I feel that this is also crucial to learn as well. Greeting and commending your team members on a performance well done is what teaches you to co-exist with them in the decision-making process without any secret backlash towards them as a result of disagreement!

So next time you feel like your business is crumbling or you feel anxious not knowing what direction to take your business in, just remember, you are some of the most diligent and bold individuals for taking the risky step in putting thousands, millions of dollars down for starting a business and growing it to a profitable level! In other words, be compassionate towards yourself first before committing any action that may jeopardize your future or the business’s.

Initially, the road to self-compassion is tough, which is why you need to be compassionate towards yourself consistently to finally achieve inner happiness and a peace of mind! Doing it for one week or even one month will not cut it!

The Power of LinkedIn

Alright, so I was planning to elaborate on conducting good market research but I’ll save that for a future topic and will instead talk about the social media powerhouse for job hunting, Linked In. Approximately 10.2 million job seekers have gotten jobs through LinkedIn according to sitetrail.com. That’s a 60% increase from the previous year. I truly enjoy using it for networking and conducting market research as that’s part of my job. My favorite feature is the feedback engine which provides you with an opportunity to improve your profile and to make it more appealing & attractive to employers. Also asking for & writing a reference letter for a prospective candidate has become that much easier, and can be accomplished with just a click of a button, cutting down the cost and hassle of postage stamps and envelopes, ¬†and augmenting convenience!

More than 80% of the jobs are filled through either nepotism or networking and what better way to connect or mingle with professionals than through LinkedIn. ¬†If you don’t have an account I suggest signing up ASAP as you don’t know what you’re missing out on!

When filling out a profile, be sure to upload a savvy, professional picture of yourself as that increases the chances of landing a job, also fill out your profile as thoroughly as possible with no minor glitches, be sure to be very specific on all of your skill-sets, languages, and education level. List as many skills as possible under skills, and remember networking is a two-way street, so offer to write a reference letter for a co-worker in exchange for them writing one for you. And if you’re interested in starting a business, state that you’re interested in new ventures so users with the same passion can contact you if necessary!