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How Smart is Smart Enough

Written on August 26, 2009 by admin in Personal Growth

It’s Back-to-School time so we’ve been talking about lifelong learning. This is the eighth show in our ten-post series. We wondered:

How smart do you have to be to reach bigg success?

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There's a lot of laughter in today's Bigg Success Show! Click the purple player to listen to George & Mary-Lynn while you read: Play Now | Play in Popup | Download

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Latent intelligence is useless by definition.

Theoretical intelligence may help you frame an issue, but it doesn’t go far enough.

Applied intelligence drives results.

You have to be smart enough to apply your intelligence.

This is a major stumbling block for a lot of people. It’s easy to get all excited about learning. Learning is one part of the process. However, if it never gets out of the classroom, so to speak, that time spent learning is wasted.

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george Now I’m no Einstein. If I were, I might have come up with this quote: “The true sign of intelligence is not knowledge but imagination.”

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marylynn Who are we to question Einstein? The man who is generally credited with being the most intelligent person in history said that imagination is more important than knowledge.

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Imagination is perhaps more important than ever before. Imagination is the fountain of our creativity. Creativity is a critical skill in today’s business world.

There’s another great Einstein quote:

“We can’t solve problems by using the same kind of thinking we used when we created them.”

You have to move beyond old ways of thinking if you’re going to find the solutions you seek. You have to let your mind wander. You have to explore new possibilities. You have to come up with new ideas.

Now, some of them may sound crazy to other people. They may laugh at them. They may dismiss them outright. They may be right … but they may not.

So you have to be smart enough to think for yourself.

Remember this – we’ve said it before and we’ll probably say it again because it is so crucial to reaching bigg success:

The solution to the problem you face only has to work for you and it only has to work for you this one time.

Bigg success is life on your own terms. The terms – the words – we use are important when we’re trying to understand a subject.

We’ve said that it’s productive to look at your life as your enterprise with you as the entrepreneur in charge. One of the terms we hear used a lot in connection with entrepreneurship is innovation.

It’s kind of a sexy term, isn’t it? It definitely has a certain ring to it. It’s definitely a positive term. Some synonyms are pioneering, inventive, original, new, and novel.

But innovation doesn’t go far enough in describing the entrepreneurial spirit – the spirit we must all exhibit in order to reach bigg success.

We like the term ingenious. It builds upon innovation. Ingenuity is innovation in action. You have to be smart enough to put innovation into action.

You can have the best imagination in the world, but if you never act upon it, you’re just a dreamer. When you put it into action, you become the entrepreneur.

There’s another layer to the term ingenious. It implies resourcefulness. It alludes to survival. You have to be smart enough to rise to the occasion.

The going will get tough. You do have to get going so you can go get your bigg goals. That’s how bigg goal-getters find bigg success!

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Thank you so much for the gift of your time today. Please join us next time when we’ll discuss the first question to ask yourself when performance isn’t up to par. Until then, here’s to your bigg success!

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Creating Wealth in the Next Generation Economy

Written on November 11, 2008 by George Krueger & Mary-Lynn Foster in Business, Money, Networking, Relationships

balance Last century, we saw wealth created by large companies using economies of scale to keeps costs low so they could dominate markets. In the next generation economy [pdf], new wealth will be created by entrepreneurs through a network of great relationships built on trust.

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Hear how the next generation economy concept is helping George & Mary-Lynn with their offline venture on The Bigg Success Show! Cick the pruple player: Play Now | Play in Popup | Download

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Trusting relationships will save you time and make you money. The question is, “How do you build this trust so you can build relationships?”

There’s a concept called equal consideration of interests – you place your interest equal to the other party. That sounds so simple, but we believe it deserves emphasis.

Win / lose. “I win, you lose” doesn’t work because it doesn’t build the trust that is necessary to have good relationships in tomorrow’s business world. Yet there are a lot of people who place their interest above everybody else’s.

Lose / win. “I lose, you win” ultimately fails because fulfilling relationships can’t be one-sided. Eventually frustration leads to anger and the relationship (if that’s what you call it) dissolves. Yet there are a lot of people who place everybody else’s interest above their own.

Neither one is the best path to building fulfilling relationships. There is a better way …

Win / win. This is the perfect combination in today’s business world. Win / win is equal consideration of interests. Even if it benefits me, I won’t do it if it hurts you. We’ll work together to find a better way that is mutually beneficial. That’s the key to innovation – another 21st century necessity. What works today won’t be good enough tomorrow. By working together, we can find a better way than either of us could find on our own.

Moving quickly on a new venture

We just launched a new offline venture. We had an idea for a product. We talked it over with people in our network. Based on their recommendation, we revised it … a lot! But it was much better. We reached out to potential strategic partners and got them in place. Last week, one of those strategic partners began selling our product across the nation.

It probably would have taken us six to twelve months to do this if we didn’t have the right relationships in place. Instead, this all happened in about two months. That’s another 21st century mindset – once you spot an opportunity, you have to move very quickly.

It’s hard to do that if you have to develop the concept from scratch. You need to reach out to people and firms who have the infrastructure in place to help you capitalize on it. If they aren’t already in your network, it will take longer. So building trusting relationships is essential. But there are (at least) two points to consider …

Relationship building is a long-term investment.

It takes time to build your network. We have years of goodwill built up with some of our strategic partners. This helps get revenue-generation going quickly once you have the right idea. Don’t wait to build your network until you need it. It will probably be too late then. Make relationship building an everyday thing.

Trusting people solve problems quickly.

When you trust your partner and your partner trusts you, problems can be solved much more easily. As we’ve had issues, we’ve been able to deal with them very quickly. We can hear our partners considering our interests along with their own; they can hear us doing the same thing.

The best way we know to capitalize on an opportunity quickly is when two or more people, with trust already in place, consider their interests equally and seek mutually beneficial solutions. It’s the way to create wealth in the 21st century!

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