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Celebrating the Success of Others

graduationToday we want to look at how pausing to celebrate another person’s accomplishment can help you achieve bigger success in your life.

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marylynnMy best friend, Jodi, is a smart cookie. She teaches high school students and is the mother of two boys. With all that going, she went back to school to get her Master’s in Education. We recently attended her graduation party.

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georgeI admire her for being able to juggle so many things at once! I’ll bet she needs to catch up on some sleep!

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marylynnI'm so proud of her. She definitely sacrificed to achieve a new level of success in her career with all she had on her plate. That's why I call her "Wonder Woman"!

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george
I noticed her flying around in the sky … now I get it. She was in her invisible plane, huh?

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marylynnJodi's mom, Linda, wanted to do something special for Jodi. So Linda planned a family party with a few surprises. I was one of those! But Linda didn’t have my phone number and she didn’t want to raise Jodi’s suspicions.

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george So Linda enlisted the help of Jodi's oldest son, Collin. He's only eight-years old, but was smart enough to look up the phone numbers on Jodi's cell phone when she was taking a shower!

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marylynn
Ah, kids these days! Would you be able to figure that out, George?

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george I’d like to think that I could! So last weekend, when we walked in, Jodi was talking with a family member. She looked over and saw us but didn’t really respond. She looked away and then looked back again! She was so surprised – shocked, even – to see you, Mary-Lynn.

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marylynnWell, we shed some tears because it had been awhile since we had seen each other. Then we spent the day with her – getting to know her family and friends.

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We relay this story because there’s something really cool about celebrating the success of others. It can inspire you to bigger success in your own life. This works in four ways:

By celebrating, we acknowledge
When we celebrate the accomplishments of others, we remember to acknowledge our own achievements. It’s easy to forget to do this but it’s necessary to keep achieving every loftier goals.

Celebration sparks innovation
As the saying goes, “Success breeds success.” We are often inspired and encouraged to go for what we want when we see other people getting what they want.

Appreciate to be appreciated
When you appreciate the hard work and efforts of others, you're more likely to appreciate the hard work and efforts you put into your success.

Commemorate to remember
We remember achievements that are marked with special occasions. From mini-celebrations to full-blown parties, it is important to celebrate the accomplishments we make along our journey to bigg success!

So let's celebrate an accomplishment of yours! Will you share something that you’ve accomplished recently? Leave a comment below, call us at 888.455.BIGG (2444) or e-mail us at bigginfo@biggsuccess.com.

Thanks so much for reading our post today. Please join us next time when we’ll talk about behaviors that cost money. Until then, here’s to your bigg success!

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Making Change Work

change2 Entrepreneurs see a problem and immediately start trying to find a solution. That’s why entrepreneurship has been defined as the science of change. And there’s a new concept starting to take hold – that we are all entrepreneurs. We must all be innovative in finding solutions for the problems that we each face.

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There is real value in seeing ourselves as entrepreneurs and in looking at change as an opportunity rather than something to be resisted. We should welcome change!

That’s a bigg step for a lot of people. But if we don’t change, it means we’re standing still. There’s an old saying that a rut is nothing more than a grave with both ends knocked out. We have to get out of our ruts; we have to change – either as a response to the change we see coming or by creating the change that we see needs to be made.

We’ve been talking about change in our last couple of shows. We started by talking about the lost art of making change. Last time, we talked about how saving our change can lead to bigg changes in our lives.  It occurred to us that we can think about change in our lives by thinking about change – pennies, nickels, dimes and quarters.

A penny for your thoughts

The change process begins with a penny for your thoughts. It’s important to generate ideas about where you want to go. Then check the validity of your idea to see if it plays to your strengths. If it passes that test, look at the customers (or employer) you plan to serve as well as the competition already serving them to see if this is a good opportunity.

If I had a nickel for every time …

But the idea itself isn’t worth much. It’s the actions that follow the idea that make it valuable. So think about the saying, “If I had a nickel for every time I (fill in the blank).” We’re usually making a joke or lamenting something we’ve done too many times to count when we say this.

But there’s some bigg wisdom in this little saying. It’s the key to moving the idea from inside your head to something tangible. It’s about inputs. You can’t control the outcome, but you can control your actions.

So if you think about the actions necessary to bring your idea to fruition and then mentally think that you’re getting a nickel every time you act, you begin to see that your inputs create the output you want. The more you perform, the more you eventually get back.

A dime a dozen

As you come up with your ideas and begin to implement them, stand out. You don’t want to be a dime a dozen. You need to be unique. If you don’t find a way to differentiate yourself from the crowd, you can’t expect to be seen as outstanding. Find your niche. Entrepreneurs do it. So must we.

Two bits

One bit isn’t good enough. Have a back-up plan. If your tactics don’t work, what will you do next? This is the advantage of action. You learn. Notice that we didn’t say you fail. But you may not succeed bigg at first. You must adapt. Think about how you will need to adapt before you have to.

So there it is … the change process. Making change work leads to bigg success. 

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Thanks for taking time out of your day to read our post today. Please join us next time when we talk about the seven P’s of business success. Until then, here’s to your bigg success!

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Direct link to The Bigg Success Show audio file:
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A Sure-Fire Way to Stop Innovation

island We read the transcript of a great speech, entitled How to Get Rich, given by Jared Diamond at the Museum of Natural History in New York City. It offers some great lessons in history, economics, and innovation.

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He asks the question, “What is the best way to organize human groups and human organizations and businesses so as to maximize productivity, creativity, innovation, and wealth?”

Now wouldn’t we all like to know the answer to that question?

He says that in the thirteen thousand years of human history, we have thousands upon thousands of “natural” experiments. To answer his question, he looked at extreme examples of societies in isolation.

The isolation begins

About ten thousand years ago, the places we know as Australia, Tasmania, and Flinders Island were connected – people could freely travel back and forth between them. Then the glaciers melted.

Even though they were only about 200 miles apart, the water-going craft of that era couldn’t traverse the rough seas between these three islands. So the 4,000 people of Tasmania and 200 people on Flinders Island became completely isolated from the rest of the world.

The isolation ends
In the seventeenth century, these two islands were “discovered” by the Europeans. The first to be rediscovered was Tasmania. It was noted that, at the time, the society was the least technologically advanced and most primitive group of people in the world.

They had no fire. They didn’t have any tools. They didn’t even know how to fish. In fact, archeologists have shown that they had less technology than they had ten thousand years before.

So, you ask, what about the 200 people on Flinders Island? When it was discovered around the same time, there were no people there. They became extinct.

Our islands

So we learn that small isolated groups don’t innovate. They may even regress. This historical example got us thinking about islands that we create, often without even realizing that we’re placing ourselves in isolation.

Field

Discoveries aren’t isolated to a single field. If you only talk to people within your field, if you only consume content in your space, you’re missing out on a whole world of ideas that may be fruitful for your field.

Media
Many people only consume media with which they agree. Seek out the opposing point-of-view. When you do that, you’ll either reinforce your beliefs or you’ll start to discover other alternatives.

People
Universities often don’t hire graduates of their own programs as professors. They fear it will lead to nepotistic thinking. Let’s learn a lesson from their policy. Get outside your circles of friends and business associates. If you work in the for-profit world, get to know some people in the non-profit world. If you work in government, make sure some of your influencers are in the private sector.

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georgeI’m a pretty social person. But looking back on my former businesses, I’ve come to realize that I wasn’t feeling fulfilled because I didn’t spend enough time seeking out ideas and alternatives outside my sphere.

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It’s so easy to get so busy running your business, working your career, or managing your life that you fail to invest important time in connecting yourself to people, places and things that expand your mind.

Islands are a great place to visit. Just make sure you don’t get stuck there.

What islands have you seen people create?

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Creating Wealth in the Next Generation Economy

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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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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Join us next time as we celebrate our one year anniversary! Until then, here’s to your bigg success!

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Direct link to The Bigg Success Show audio file:
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The Less Money You Have the Better!

penny We were talking with one of our banker friends recently about start-ups. He said that people often look for money when they should ask if there’s a better way to run their business. Money isn’t always the best solution.

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In fact, sometimes not having a lot of money to get started is a good thing because it forces you to be innovative and look for ways to save money. Obviously, it is possible to have too little money. Most of us have probably experienced that a time or two.

The baker

He told us about a person who wanted to start a bakery. She thought she needed a storefront. Our banker friend asked her who her customers would be. She said it would be friends and family at first. Then she expected word-of-mouth to take it from there. So he suggested that she just use her own kitchen or find a way to use a commercial kitchen part-time, instead of spending money on rent, utilities and all the other costs of maintaining a store. She didn’t need much money if she used this operating strategy.

An internet business

A friend of ours is putting together a really cool web site. They want to have an active community. They were going to pay a developer quite a bit of money to put together the forum area. We talked him into using open-source software and having it custom designed after his community starts building. He cuts his start-up costs drastically!

A chiropractor

Our banker friend knew a chiropractor who thought he needed to rent office space so he had a place for his patients. Instead, he found a fellow chiropractor who had extra space. He rented from this chiropractor for five years. Then he secured his own location – one he knew he could afford based on the income stream he had established.

He reduced his risk and conserved money by finding a better solution to get started. Because if you build it, they may not come. Test it out first!

The average entrepreneur starts his or her business with around $25,000. Sometimes the less money you have the better, because it forces you to think creatively and spend every penny wisely. Here are two entrepreneurs who did just that …

Bear Naked

Kelly Flatley is the co-owner of the all-natural snack food business, Bear Naked.
When her business was young, she didn’t go out and rent a large space to manufacture her product. No, she negotiated to use the commercial kitchen at a local market after they closed. She manufactured at night and made deliveries to her retail customers during the day. 

Sure, she worked some crazy hours. Don’t most entrepreneurs? That’s a concession for not having money. If you’re undercapitalized, you may have to get creative and make it up with “sweat equity”.

Newman’s Own

Years ago, we heard the story of how one of our favorites, Paul Newman, started Newman’s Own – his food products company that has donated millions to charity. The details here probably aren’t fully correct, but that’s not as important as understanding what he did.

He invested a small amount of money to start his business. He contracted with one company to manufacture the product. Another company sold it to grocery stores. He outsourced almost everything. His business was bringing in millions a year in sales, yet it only had one or two employees!

He did all this with very little money, but a whole lot of creativity! You can do it too!

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Next time, we’ll discuss how something as simple as the font you choose can get people to do what you want. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

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Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00256-110308.mp3

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