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Paying Attention to These 4 Things Pays Off

There’s an old saying, “I’m so poor that I can’t even pay attention.”

We’ll grant you it’s a funny one-liner. But here’s probably a more accurate saying,

I’m so poor because I don’t pay attention.

There are a lot of things competing for our eyes and ears. It’s important to focus on the right things to succeed bigg. 

#1 – Pay attention to your finances
You’re the CEO (and the CFO) of the most important organization in the world – You, Inc. If you’re in a relationship, your significant other may take care of the financial duties. But the point is, just like any other successful organization, you want to make sure you have more income than expenses.

A lot of people don’t pay attention to their finances until there’s a problem – too much month and not enough money! Then it’s a much more difficult situation than if you pay attention all along.

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#2 – Pay attention to what needs to be done
A lot of people spend a lot of time paying attention to what they want to do. Bigg goal-getters focus on those things that will advance them toward their dream life.

It’s easy to get sidetracked. Many people seem to have a sort of attention-deficit disorder when it comes to focusing on their goals. They keep bouncing from one idea to another, but never make any real progress on anything.

People who succeed bigg, zero in on what’s important. What needs to be done to get one step closer to your ultimate goal?

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#3 – Pay attention to people
On the show, George said that there have been a number of times that he had a problem for which he couldn’t find a solution. Then, in a short conversation with someone, they helped him arrive at an answer.

You can learn a lot from people. Listening to others is important for several reasons:

  • The one we just mentioned.
  • You may also help them find a solution to a problem they’re having. They won’t forget it.
  • Opportunities that result from relationships.

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#4 – Pay attention to yourself
This is probably the most important one. It’s vital that you keep yourself energized and inspired. George said that as a business owner, time is always so precious. At times, he would let days, even weeks, would go by without replenishing his spirit. He found that he needed to read or listen to things that kept the cobwebs out of his head and inspired him to keep pushing.

That’s one of the reasons we started Bigg Success … five minutes or so every day to get your mojo going! So pay attention to yourself by stopping by Bigg Success every day!

Our bigg quote today comes from Edward de Bono, who said:

“An expert is someone who has succeeded in making decisions and
judgments simpler through knowing what to pay attention to and what to ignore.”

It pays to pay attention to the things that pay off.

What have you found pays to pay attention to? What doesn’t pay? Share your thoughts!

 

(Image by otbora)

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Success in Your Own Business Requires a Good Pit Crew

By Bigg Success Staff
05-22-08

Bigg Success in Business

pit_crew

Every driver in the Indy 500 realizes the importance of a great pit crew. A pit crew can mean the difference between victory and defeat. As the owner of your own business, you also need a good pit crew. You’re the driver, but your crew gives you the edge you need.

Your professional advisors are:

Your accountant
Your accountant will help you determine the best entity for your business, along with your attorney, for tax purposes. They will also help you set up your books so you know how you’re performing. They can help you determine your best tax strategies. They can refer you to other advisors and capital providers.

Your attorney
Your attorney will recommend the best entity in which to hold your business to minimize your liability and accomplish your goals. They will also help you understand the formalities that need to be maintained to protect your personal liabilities. They will advise you on your business dealings and help you when the unexpected situation arises. They can also refer you to other advisors and capital providers.

Your insurance broker

Your insurance broker will help you maintain adequate coverage for your assets and will also help you manage your risk. They will recommend the types of coverage you need as well as the level of coverage you should maintain. They will help you understand where your unexpected losses might occur and help you develop programs to reduce the risk of loss.

Your financial planner

Your financial planner will help you plan for your retirement. They will help you determine which plan is right for you, your company, and your employees. They will help you set up and maintain this plan. They can also help you determine the best allocation for the assets in your portfolio so you achieve the greatest return given the risk you’re willing to accept.

Your coaches

Your coaches will prod you on when you’re up and lend support when you’re down. They will give you someone to be accountable to so you accomplish what you set out to do. They will give you an outsider’s perspective – an objective look – at this business to which you’re so close. They will help you get to the next level of success.

Hear today’s lesson and laugh on The Bigg Success Show. 

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Answer These 3 Questions to Get Money for Your Business

By Bigg Success Staff
04-30-08

Bigg Success in Business

jockey 

Most businesses need some outside financing to succeed. Yet attracting capital isn’t always easy to do. Money people – angel investors, bankers, venture capitalists – bet on jockeys, not horses. They bet on you, not your business.

That’s not to say that you don’t need a good business idea to attract outside funding. Great managers in troubled industries usually lose the fight. Good managers in great businesses will probably do just fine.

So financiers definitely do consider the “horse” as well.

However, all else equal, it’s the “jockey” that wins the race. So they ultimately put their money behind you.

What’s your track record?
Ideally, you’re seeking financing because your business is already successful and you need money to take it to the next level. If that’s not the case, don’t despair. If you’ve successfully run a similar business before, your odds are still good. It’s also important to maintain a good credit score. 

How will you handle adversity?

Your financiers will be trying to determine how you will respond during the inevitable tough times. They want to know that you will work with them, not keep them at bay. Discuss how you overcame past hurdles to put their mind at ease.

Can they work with you?
This is the ultimate question. They want to feel like the chemistry with you is good. You will listen when they offer advice. You will cooperate with all reasonable requests. You will care for your interests by watching out for theirs.

Hear today's lesson and laugh on The Bigg Success Show. 

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(Image by Banamine,CC 2.0)